FAIRX : THE FAIRHOLME FUND

 
 
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ZACKS RANK: 3 - HOLD

Ticker: FAIRX
Manager: Bruce R. Berkowitz
Manager Since: 12/99
NAV (07/23/2014): 42.96
Objective: Large Cap Value
Peer: GR LV
Net Assets ($mil): 8789.85
Inception: 12/29/1999
FAIRX : Description

The Fairholme Fund seeks long-term growth of its shareholders' capital by investing in equity securities of public companies and by holding a focused portfolio. The Fund buys when it finds such companies generating or holding significant cash when compared to market values. Purchases are made without regard to categorization. The Fund also intends to invest in special situations, including, but not limited to, Chapter 11 reorganizations. The Fairholme Fund is a non-diversified mutual fund, which means that the Fund invests in a smaller number of securities when compared to more diversified funds.

FAIRX : Composition - 07/14
Stocks 76.90%
Foreign Stocks 0.50%
Cash 0.84%
Bonds 1.44%
Foreign Bonds 0.00%
Preferred 16.13%
Convertible 0.00%
Other 4.68%
Foreign Hedged 0.00%
Composition Horizontal Bar Chart
FAIRX : Style Analysis - 07/14
Large Growth 0.00%
Large Value 58.73%
Small Growth 0.00%
Small Value 0.00%
Foreign Stock 0.00%
Emerging Market 0.00%
Precious Metals 0.00%
Intermediate Bond 0.00%
High Yield Bond 0.00%
Foreign Bond 0.00%
Style Analysis Horizontal Bar Chart
FAIRX : Risk Analysis
Beta v. S&P 500 0.52
Beta v. EAFE 0.79
Beta v. Barclays Agg Bond -1.00
Alpha 3 Yr -8.25
Alpha 5 Yr -5.53
R-Sq 3 Yr 0.68
R-Sq 5 Yr 0.64
Std Dev 3 Yr 22.56
Std Dev 5 Yr 20.13
Sharpe 3 Yr 0.76
Sharpe 5 Yr 0.86
FAIRX : Fees
Expense Ratio 1.02
% Max Load NA
% Min Load NA
% Deferred Load NA
% Redemption 2.00
% Max 12 B1 Fee 0.00
% Max Mgt Fee 1.00
FAIRX : Purchase Choices:
Min Initial Investment 10000
Min Subsequent Investment 1000
FAIRX : Returns Analysis - Annual

Line chart

  2004200520062007200820092010201120122013YTD
NAV ($) 22.7725.1928.9931.8621.8430.0935.5823.1531.4439.2042.96
Total Return (%) 24.9413.7016.7012.37-29.7139.0125.46-32.4135.8135.538.72
Annual Dividend Yield (%) 0.240.840.780.620.440.830.983.690.000.000.00
Relative Performance
Rel Performance-S&P500(%) 140.7688.099.1068.7972.97125.93104.05-345.17198.1731.5516.10
Rel Performance-Obj.Ret.(%) 144.2429.7860.0542.7094.1671.8686.69-293.86215.3448.3432.12
Ret.Quintile vs Obj(1 is best) 11121215121
Turnover, Yields, and Gains
Fund Assets Net($mil) 2351,4413,8396,4636,69610,55816,8478,0156,9928,7908,790
Annual Turnover (%) 23.3337.3620.2714.1081.3571.0988.7443.951.5715.590.00
Annual Dividend Paid ($) 0.060.220.240.210.100.260.380.900.000.000.00
Annual Capital Gains Paid($) 0.530.470.170.490.430.001.690.000.003.390.00
FAIRX : Returns Analysis - Trailing Total Return
  1 Month 3 Month 6 Month YTD 1 Year 3 Year 5 Year 10 Year 15 Year 20 Year
Total Return (through 07/14) 1.42% 5.10% 8.72% 8.72% 28.06% 14.30% 15.21% 11.34% NA NA
Ret. Percentile vs. Obj. (1 is best) 88 21 7 7 16 50 83 1 NA NA
FAIRX : Stock Portfolio Snapshot - 07/14
Average Price/Earnings 19.47
Average Price/Book 2.90
Average EPS Growth 11.69
Average Market Value 46,939.00
FAIRX : Stock Sector Breakout - 07/14
Stock Sector Breakout
FAIRX : Top Holdings - 07/14
Name Weight Shares
AMERICAN INTERNATIONAL GROUP 42.61 74,090,125
BANK OF AMERICA CORP 15.59 81,607,015
FEDERAL NATL MORTGAGE ASSN 9.16 62,521,459
SEARS HOLDING CORP 7.35 14,212,673
FED HOME LN MTGE CORP 0.92 17,225,600
THE ST JOE CO 5.17 23,136,502
LEUCADIA NATIONAL CORP. 3.63 11,233,350
FEDERAL NATL MORTGAGE ASSOC 1.14 20,485,300
FEDERAL HOME LOAN MORTGAGE 6.97 47,531,436