The Fairholme Fund
Name
As of 05/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.4%
1 yr return
35.5%
3 Yr Avg Return
5.6%
5 Yr Avg Return
14.0%
Net Assets
$1.29 B
Holdings in Top 10
98.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.00%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 8.84%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$10,000
IRA
$6,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FAIRX - Profile
Distributions
- YTD Total Return -1.4%
- 3 Yr Annualized Total Return 5.6%
- 5 Yr Annualized Total Return 14.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.25%
- Dividend Yield 0.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameThe Fairholme Fund
-
Fund Family NameFairholme
-
Inception DateDec 29, 1999
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBruce Berkowitz
Fund Description
FAIRX - Performance
Return Ranking - Trailing
Period | FAIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.4% | -1.2% | 15.1% | 99.65% |
1 Yr | 35.5% | -5.1% | 39.5% | 0.18% |
3 Yr | 5.6%* | -5.3% | 29.0% | 40.81% |
5 Yr | 14.0%* | -0.2% | 43.7% | 3.88% |
10 Yr | 6.1%* | 1.1% | 24.5% | 94.69% |
* Annualized
Return Ranking - Calendar
Period | FAIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 46.1% | -24.9% | 46.1% | 0.09% |
2022 | -20.5% | -64.7% | 4.6% | 91.23% |
2021 | 6.9% | -44.2% | 57.5% | 86.66% |
2020 | 46.9% | -23.2% | 285.0% | 0.85% |
2019 | 31.0% | -21.4% | 48.5% | 1.26% |
Total Return Ranking - Trailing
Period | FAIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.4% | -1.2% | 15.1% | 99.65% |
1 Yr | 35.5% | -5.1% | 39.5% | 0.18% |
3 Yr | 5.6%* | -5.3% | 29.0% | 40.81% |
5 Yr | 14.0%* | -0.2% | 43.7% | 3.88% |
10 Yr | 6.1%* | 1.1% | 24.5% | 94.69% |
* Annualized
Total Return Ranking - Calendar
Period | FAIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 46.7% | -15.9% | 46.7% | 0.09% |
2022 | -20.5% | -42.0% | 8.5% | 98.93% |
2021 | 6.9% | 3.6% | 129.7% | 99.91% |
2020 | 46.9% | -22.6% | 304.8% | 1.51% |
2019 | 32.1% | -12.7% | 52.1% | 3.69% |
NAV & Total Return History
FAIRX - Holdings
Concentration Analysis
FAIRX | Category Low | Category High | FAIRX % Rank | |
---|---|---|---|---|
Net Assets | 1.29 B | 1.09 M | 163 B | 43.01% |
Number of Holdings | 13 | 2 | 1683 | 99.82% |
Net Assets in Top 10 | 1.27 B | 420 K | 33.9 B | 21.52% |
Weighting of Top 10 | 98.82% | 4.8% | 98.8% | 0.09% |
Top 10 Holdings
- St Joe Co/The 80.98%
- Enterprise Products Partners LP 6.31%
- Fidelity Treasury Portfolio 2.07%
- United States Treasury Bill 1.94%
- United States Treasury Bill 1.55%
- United States Treasury Bill 1.55%
- United States Treasury Bill 1.55%
- Berkshire Hathaway Inc 1.23%
- Imperial Metals Corp 0.86%
- United States Treasury Bill 0.78%
Asset Allocation
Weighting | Return Low | Return High | FAIRX % Rank | |
---|---|---|---|---|
Stocks | 89.38% | 1.86% | 108.42% | 96.56% |
Bonds | 8.15% | -1.92% | 73.23% | 1.32% |
Cash | 2.07% | 0.00% | 38.18% | 32.01% |
Preferred Stocks | 0.43% | 0.00% | 13.88% | 8.91% |
Other | 0.00% | -1.68% | 39.72% | 68.43% |
Convertible Bonds | 0.00% | 0.00% | 3.66% | 56.85% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FAIRX % Rank | |
---|---|---|---|---|
Real Estate | 90.54% | 0.00% | 90.54% | 0.09% |
Basic Materials | 4.78% | 0.00% | 21.69% | 20.78% |
Energy | 3.57% | 0.00% | 54.00% | 88.28% |
Technology | 1.11% | 0.00% | 54.02% | 98.40% |
Utilities | 0.00% | 0.00% | 27.04% | 94.40% |
Industrials | 0.00% | 0.00% | 42.76% | 99.82% |
Healthcare | 0.00% | 0.00% | 30.08% | 99.56% |
Financial Services | 0.00% | 0.00% | 58.05% | 99.91% |
Communication Services | 0.00% | 0.00% | 26.58% | 98.85% |
Consumer Defense | 0.00% | 0.00% | 34.10% | 99.64% |
Consumer Cyclical | 0.00% | 0.00% | 22.74% | 99.29% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FAIRX % Rank | |
---|---|---|---|---|
US | 88.52% | 1.86% | 108.42% | 92.15% |
Non US | 0.86% | 0.00% | 26.07% | 30.16% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FAIRX % Rank | |
---|---|---|---|---|
Government | 44.65% | 0.00% | 100.00% | 0.83% |
Corporate | 14.44% | 0.00% | 100.00% | 10.64% |
Cash & Equivalents | 2.07% | 0.00% | 100.00% | 27.87% |
Derivative | 0.00% | -1.68% | 6.97% | 59.08% |
Securitized | 0.00% | 0.00% | 40.38% | 55.23% |
Municipal | 0.00% | 0.00% | 0.02% | 55.23% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FAIRX % Rank | |
---|---|---|---|---|
US | 8.15% | -1.92% | 65.41% | 1.32% |
Non US | 0.00% | 0.00% | 7.82% | 54.67% |
FAIRX - Expenses
Operational Fees
FAIRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.00% | 0.03% | 14.82% | 43.98% |
Management Fee | 1.00% | 0.00% | 1.50% | 97.80% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.50% | 99.72% |
Sales Fees
FAIRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
FAIRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 1.00% | 2.00% | 43.10% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FAIRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 8.84% | 0.00% | 488.00% | 4.63% |
FAIRX - Distributions
Dividend Yield Analysis
FAIRX | Category Low | Category High | FAIRX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.41% | 0.00% | 36.05% | 94.72% |
Dividend Distribution Analysis
FAIRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
FAIRX | Category Low | Category High | FAIRX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.25% | -1.51% | 4.28% | 98.11% |
Capital Gain Distribution Analysis
FAIRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 15, 2023 | $0.147 | OrdinaryDividend |
Dec 13, 2019 | $0.165 | OrdinaryDividend |
Dec 14, 2018 | $0.337 | OrdinaryDividend |
Dec 15, 2017 | $0.260 | OrdinaryDividend |
Dec 16, 2016 | $1.178 | CapitalGainLongTerm |
Dec 16, 2016 | $0.405 | OrdinaryDividend |
Dec 11, 2015 | $12.312 | CapitalGainLongTerm |
Dec 11, 2015 | $0.600 | OrdinaryDividend |
Dec 29, 2014 | $0.036 | CapitalGainShortTerm |
Dec 29, 2014 | $3.042 | CapitalGainLongTerm |
Dec 27, 2013 | $3.397 | CapitalGainLongTerm |
Dec 28, 2012 | $0.246 | None |
Dec 16, 2011 | $0.908 | OrdinaryDividend |
Dec 31, 2010 | $0.075 | ExtraDividend |
Dec 16, 2010 | $1.690 | CapitalGainLongTerm |
Dec 16, 2010 | $0.313 | OrdinaryDividend |
Dec 16, 2009 | $0.267 | OrdinaryDividend |
Dec 17, 2008 | $0.435 | CapitalGainLongTerm |
Dec 17, 2008 | $0.106 | OrdinaryDividend |
Dec 19, 2007 | $0.238 | CapitalGainShortTerm |
Dec 19, 2007 | $0.246 | CapitalGainLongTerm |
Dec 19, 2007 | $0.214 | OrdinaryDividend |
Dec 14, 2006 | $0.172 | CapitalGainLongTerm |
Dec 14, 2006 | $0.243 | OrdinaryDividend |
Dec 09, 2005 | $0.135 | CapitalGainShortTerm |
Dec 09, 2005 | $0.343 | CapitalGainLongTerm |
Dec 09, 2005 | $0.217 | OrdinaryDividend |
Aug 09, 2005 | $0.012 | OrdinaryDividend |
Dec 21, 2004 | $0.447 | CapitalGainShortTerm |
Dec 21, 2004 | $0.080 | CapitalGainLongTerm |
Dec 21, 2004 | $0.060 | OrdinaryDividend |
FAIRX - Fund Manager Analysis
Managers
Bruce Berkowitz
Start Date
Tenure
Tenure Rank
Dec 29, 1999
22.44
22.4%
Mr. Berkowitz is the President and a Director of Fairholme Capital Management. Mr. Berkowitz has been Chief Investment Officer of the firm since its inception in 1997. Mr. Berkowitz also serves as a Director and Chairman of the Board of Directors of a pooled investment vehicle for which the firm serves as the investment adviser and The St. Joe Company, which is listed on the New York Stock Exchange (“NYSE”). Mr. Berkowitz received a Bachelor of Arts in Economics from the University of Massachusetts at Amherst in 1980.Mr. Berkowitz has over 30 years of investment management experience.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 86.59 | 8.06 | 16.42 |