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Fairholme Focused Income (FOCIX)

10.99
Net Asset Value
+0.46%
1 Day
+5.57%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
1.01%
Expense Ratio
High
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 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, and interests in real estate investment trusts ("REITs"). The fund is non-diversified.

Performance

1 month-0.36% 3 years+9.41%
3 months+0.08% 5 years+8.26%
1 year-2.57% Since inception+8.44%
Data through --

Peer Comparisonvs. High yield bond

 FOCIXCategory
Performance 5-yr return+8.26%+7.61%
Expense ratio1.01%1.10%
Risk 5 year sharpe ratio0.711.15
Net assets$219.5M$1.4B
Average market cap--$10.0B
Average P/E--23.9
Portfolio turnover39%39%

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Fund Management and Purchase Info

Fund familyFairholme
Fund manager & tenureBruce Berkowitz / 5 Years
Minimal initial investment$25,000.00
Minimum IRA investment$25,000.00

Holdings

Fixed income53.72%
Cash24.95%
Other21.33%
U.S. stock0.00%
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
-- 30.65%
-- 23.07%
FNMFN Federal National Mortgage Association4.52%
-- 4.46%
CHKDG Chesapeake Energy Corp2.71%
FMCKJ Federal Home Loan Mortgage Corp2.61%
FMCKI Federal Home Loan Mortgage Corp1.99%
GSPRD Goldman Sachs Group Inc1.40%
FMCCH Federal Home Loan Mortgage Corp1.36%
FNMAI Federal National Mortgage Association1.01%

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