Fairholme Focused Income Fund (FOCIX)

10.93
Net Asset Value
+0.09%
1 Day
-0.82%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
1.00%
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 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.

Performance

1 month+1.67% 3 years+6.58%
3 months+2.26% 5 years+4.95%
1 year+2.55% Since inception+7.82%
Data through --

Peer Comparisonvs. High yield bond

 FOCIXCategory
Performance 5-yr return+4.95%+3.82%
Expense ratio1.00%1.04%
Risk 5 year sharpe ratio0.610.74
Net assets$227.1M$1.3B
Average market cap$2.3B$7.7B
Average P/E----
Portfolio turnover36%36%

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Fund Management and Purchase Info

Fund familyFairholme
Fund manager & tenureBruce Berkowitz / 8 Years
Minimal initial investment$10,000.00
Minimum IRA investment$5,500.00

Holdings

Fixed income38.66%
Cash33.71%
Other16.88%
U.S. stock10.75%
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
-- 12.09%
SRG Seritage Growth Properties10.75%
-- 7.13%
-- 5.30%
FNMFN Federal National Mortgage Association4.54%
-- 4.43%
ALLYPRA GMAC Capital Trust I3.26%
-- 2.57%
FMCKI Federal Home Loan Mortgage Corp2.41%
-- 1.79%