Fairholme Fund (FAIRX)
Under normal circumstances, to achieve the fund's investment objective by investing in a focused portfolio of equity and fixed-income securities. It may invest in common and preferred stock, partnership interests, business trust shares, depository receipts, rights and warrants to subscribe for the purchase of equity securities, and interests in REITs. The fund may invest in U.S. corporate debt securities, non-U.S. corporate debt securities, bank debt, U.S. government and agency debt securities, short-term debt obligations of foreign governments and foreign money market instruments. It is non-diversified.
Fund Info
| ISIN | US3048711069 |
|---|---|
| CUSIP | 304871106 |
| Issuer | Fairholme |
| Inception Date | Dec 29, 1999 |
| Category | Large Cap Value Equities |
| Min. Investment | $10,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
FAIRX has a high expense ratio of 1.00%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FAIRX vs. SWTSX, FAIRX vs. SPY, FAIRX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fairholme Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fairholme Fund had a return of -0.64% year-to-date (YTD) and 38.19% in the last 12 months. Over the past 10 years, Fairholme Fund had an annualized return of 6.01%, while the S&P 500 had an annualized return of 10.55%, indicating that Fairholme Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.64% | 7.26% |
| 1 month | 1.07% | -2.63% |
| 6 months | 23.02% | 22.78% |
| 1 year | 38.19% | 22.71% |
| 5 years (annualized) | 14.22% | 11.87% |
| 10 years (annualized) | 6.01% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -6.28% | -1.74% | 6.76% | |||||||||
| 2023 | -11.62% | 8.53% | 13.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FAIRX is 66, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Fairholme Fund(FAIRX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fairholme Fund (FAIRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fairholme Fund granted a 0.41% dividend yield in the last twelve months. The annual payout for that period amounted to $0.15 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.15 | $0.15 | $0.00 | $0.00 | $0.00 | $0.17 | $0.34 | $0.26 | $1.58 | $12.91 | $3.08 | $3.40 |
Dividend yield | 0.41% | 0.41% | 0.00% | 0.00% | 0.00% | 0.83% | 2.23% | 1.29% | 7.29% | 69.79% | 8.77% | 8.67% |
Monthly Dividends
The table displays the monthly dividend distributions for Fairholme Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.58 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $12.91 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.08 |
| 2013 | $3.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fairholme Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fairholme Fund was 51.29%, occurring on Mar 2, 2009. Recovery took 258 trading sessions.
The current Fairholme Fund drawdown is 5.65%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -51.29% | Nov 1, 2007 | 333 | Mar 2, 2009 | 258 | Mar 10, 2010 | 591 |
| -41.5% | Apr 4, 2022 | 121 | Sep 26, 2022 | 209 | Jul 27, 2023 | 330 |
| -37.34% | Feb 18, 2011 | 157 | Oct 3, 2011 | 379 | Apr 10, 2013 | 536 |
| -35.89% | Feb 17, 2017 | 468 | Dec 27, 2018 | 472 | Nov 10, 2020 | 940 |
| -35.53% | Jun 20, 2014 | 415 | Feb 11, 2016 | 203 | Nov 30, 2016 | 618 |
Volatility
Volatility Chart
The current Fairholme Fund volatility is 7.52%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.