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Fairholme Focused Income Fund (FOCIX)

Net Asset Value
1 Day
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks current income. The fund invests in a focused portfolio of cash distributing securities. To maintain maximum flexibility- the securities in which the 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- and interests in REITs. The fund is non-diversified.


1 month+2.13% 3 years+8.78%
3 months-4.09% 5 years+9.36%
1 year-3.31% Since inception+7.97%
Data through --

Peer Comparisonvs. High yield bond

Performance 5-yr return+9.36%+5.14%
Expense ratio1.01%1.05%
Risk 5 year sharpe ratio0.660.99
Net assets$223.4M$1.4B
Average market cap$2.8B$5.3B
Average P/E----
Portfolio turnover29%29%

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Fund Management and Purchase Info

Fund familyFairholme
Fund manager & tenureBruce Berkowitz / 7 Years
Minimal initial investment$10,000.00
Minimum IRA investment$5,500.00


Fixed income39.36%
U.S. stock11.83%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Telecommunication 44.36%
Financial service 42.07%
Energy 13.57%
Business service 0.00%
Consumer goods 0.00%
Top 10 Holdings
Portfolio weighting
SRG Seritage Growth Properties11.83%
-- 10.69%
-- 10.32%
FNMFN Federal National Mortgage Association5.13%
-- 4.69%
-- 4.09%
-- 3.79%
FMCKJ Federal Home Loan Mortgage Corp3.28%
ALLYPRA GMAC Capital Trust I3.04%
-- 2.40%