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Trending ETFs

Name

As of 04/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$12.80

$211 M

4.33%

$0.56

1.02%

Vitals

YTD Return

4.6%

1 yr return

11.1%

3 Yr Avg Return

8.3%

5 Yr Avg Return

6.2%

Net Assets

$211 M

Holdings in Top 10

98.1%

52 WEEK LOW AND HIGH

$12.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.02%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 118.05%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$10,000

IRA

$6,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$12.80

$211 M

4.33%

$0.56

1.02%

FOCIX - Profile

Distributions

  • YTD Total Return 4.6%
  • 3 Yr Annualized Total Return 8.3%
  • 5 Yr Annualized Total Return 6.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.20%
DIVIDENDS
  • Dividend Yield 4.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    The Fairholme Focused Income Fund
  • Fund Family Name
    Fairholme
  • Inception Date
    Dec 31, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Bruce Berkowitz

Fund Description

Fairholme Capital Management, L.L.C. (the “Manager”), the investment adviser to The Income Fund, attempts, under normal circumstances, to achieve The Income Fund’s investment objective by investing in a focused portfolio of cash distributing securities. To maintain maximum flexibility, the securities in which The Income Fund may invest include corporate bonds and other corporate debt securities of issuers in the U.S. and foreign countries, bank debt (including bank loans and participations), government and agency debt securities of the U.S. and foreign countries (including U.S. Treasury bills), convertible bonds and other convertible securities, and equity securities, including preferred and common stock of issuers in the U.S. and foreign countries, interests in publicly traded partnerships (“PTPs”), and interests in real estate investment trusts (“REITs”). The Income Fund’s portfolio securities may be rated by one or more nationally recognized statistical rating organizations (“NRSROs”), such as Moody’s Investors Service, Inc. (“Moody’s”) or S&P Global Ratings (“S&P”), or may be unrated. The Manager may invest in securities for The Income Fund without regard to maturity or the rating of the issuer of the security. The Income Fund may invest without limit in lower-rated securities (or “junk bonds”). Lower-rated securities are those rated below “Baa” by Moody’s or below “BBB” by S&P or that have comparable ratings from other NRSROs or, if unrated, are determined to be comparable to lower-rated debt securities by the Manager.
Although The Income Fund normally holds a focused portfolio of securities, The Income Fund is not required to be fully invested in such securities and may maintain a significant portion of its total assets in cash and securities generally considered to be cash equivalents. In certain market conditions, the Manager may determine that it is appropriate for The Income Fund to hold a significant cash position for an extended period of time.
The Income Fund may also use other investment strategies and invest its assets in other types of investments, which are described in the section in this Prospectus entitled “Additional Information about the Funds’ Investments and Risks,” and in The Income Fund’s Statement of Additional Information (“SAI”).
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FOCIX - Performance

Return Ranking - Trailing

Period FOCIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.6% -6.4% 6.1% 0.31%
1 Yr 11.1% -8.8% 15.9% 2.99%
3 Yr 8.3%* -16.3% 20.1% 0.82%
5 Yr 6.2%* -11.8% 36.6% 2.26%
10 Yr 5.0%* -4.8% 19.4% 4.69%

* Annualized

Return Ranking - Calendar

Period FOCIX Return Category Return Low Category Return High Rank in Category (%)
2023 9.4% -4.7% 14.3% 1.72%
2022 3.6% -33.4% 3.6% 0.16%
2021 5.5% -8.4% 14.9% 2.30%
2020 0.3% -13.9% 302.7% 42.40%
2019 4.6% -4.4% 13.3% 86.48%

Total Return Ranking - Trailing

Period FOCIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.6% -6.4% 6.1% 0.31%
1 Yr 11.1% -8.8% 15.9% 2.99%
3 Yr 8.3%* -16.3% 20.1% 0.82%
5 Yr 6.2%* -11.8% 36.6% 2.26%
10 Yr 5.0%* -4.8% 19.4% 4.69%

* Annualized

Total Return Ranking - Calendar

Period FOCIX Return Category Return Low Category Return High Rank in Category (%)
2023 12.6% -4.7% 18.2% 38.53%
2022 6.0% -33.4% 47.8% 0.79%
2021 6.7% -8.4% 24.8% 17.21%
2020 1.0% -9.6% 325.6% 92.57%
2019 7.4% 0.9% 21.5% 93.41%

NAV & Total Return History


FOCIX - Holdings

Concentration Analysis

FOCIX Category Low Category High FOCIX % Rank
Net Assets 211 M 1.45 M 23.6 B 71.96%
Number of Holdings 14 2 2736 99.38%
Net Assets in Top 10 205 M -492 M 4.45 B 29.41%
Weighting of Top 10 98.11% 4.2% 146.9% 0.93%

Top 10 Holdings

  1. Enterprise Products Partners LP 25.50%
  2. Fidelity Treasury Portfolio 18.32%
  3. United States Treasury Bill 9.55%
  4. United States Treasury Bill 9.55%
  5. United States Treasury Bill- When Issued 9.54%
  6. United States Treasury Bill 7.18%
  7. Bank OZK 5.65%
  8. United States Treasury Bill 4.79%
  9. United States Treasury Bill 4.78%
  10. W R Berkley Corp 3.24%

Asset Allocation

Weighting Return Low Return High FOCIX % Rank
Bonds
45.39% -3.13% 154.38% 96.30%
Stocks
36.22% 0.00% 99.54% 1.39%
Cash
18.32% -52.00% 48.07% 2.01%
Preferred Stocks
0.47% 0.00% 7.88% 18.58%
Other
0.00% -63.70% 102.57% 66.72%
Convertible Bonds
0.00% 0.00% 17.89% 97.37%

Stock Sector Breakdown

Weighting Return Low Return High FOCIX % Rank
Energy
48.85% 0.00% 100.00% 42.42%
Basic Materials
25.05% 0.00% 100.00% 5.06%
Financial Services
13.25% 0.00% 100.00% 15.17%
Technology
11.06% 0.00% 33.17% 9.83%
Healthcare
1.80% 0.00% 22.17% 12.92%
Utilities
0.00% 0.00% 100.00% 69.38%
Real Estate
0.00% 0.00% 86.71% 65.73%
Industrials
0.00% 0.00% 93.12% 70.79%
Communication Services
0.00% 0.00% 99.99% 80.62%
Consumer Defense
0.00% 0.00% 100.00% 66.85%
Consumer Cyclical
0.00% 0.00% 100.00% 75.28%

Stock Geographic Breakdown

Weighting Return Low Return High FOCIX % Rank
US
36.13% 0.00% 99.54% 1.39%
Non US
0.09% -0.01% 0.83% 6.66%

Bond Sector Breakdown

Weighting Return Low Return High FOCIX % Rank
Government
80.30% 0.00% 99.07% 0.47%
Cash & Equivalents
18.32% 0.00% 48.07% 1.39%
Corporate
4.51% 0.00% 129.69% 99.07%
Derivative
0.00% -15.04% 42.26% 62.69%
Securitized
0.00% 0.00% 97.24% 77.67%
Municipal
0.00% 0.00% 4.66% 59.69%

Bond Geographic Breakdown

Weighting Return Low Return High FOCIX % Rank
US
45.39% -3.13% 129.21% 95.82%
Non US
0.00% 0.00% 98.19% 73.84%

FOCIX - Expenses

Operational Fees

FOCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.02% 0.04% 31.61% 48.14%
Management Fee 1.00% 0.00% 1.84% 97.53%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FOCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FOCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

FOCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 118.05% 1.00% 255.00% 93.72%

FOCIX - Distributions

Dividend Yield Analysis

FOCIX Category Low Category High FOCIX % Rank
Dividend Yield 4.33% 0.00% 47.06% 94.62%

Dividend Distribution Analysis

FOCIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Monthly

Net Income Ratio Analysis

FOCIX Category Low Category High FOCIX % Rank
Net Income Ratio 1.20% -2.39% 14.30% 99.21%

Capital Gain Distribution Analysis

FOCIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FOCIX - Fund Manager Analysis

Managers

Bruce Berkowitz


Start Date

Tenure

Tenure Rank

Dec 31, 2009

12.42

12.4%

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
0.13 37.79 7.12 8.17