The Fairholme Fund
STATUS: OPEN TO NEW INVESTORS
The Fairholme Fund seeks to achieve long-term growth of capital by investing in a focused portfolio of equity and fixed-income securities.
The value of a $10,000 investment in The Fairholme Fund at its December 29, 1999, inception had, by June 30, 2016, grown to $48,724 (calculated by assuming reinvestment of distributions into additional fund shares). A concurrent $10,000 investment in the S&P 500 Index grew only to $19,709.
The potential advantages of The Fairholme Fund's long-term focused investment approach are most evident when evaluating our performance over any 5-year period since FAIRX inception.
Through June 30, 2016, The Fairholme Fund has achieved 133 positive 5-year return periods and only 6 negative 5-year return periods, compared with 112 positive 5-year return periods and 27 negative 5-year return periods for the S&P 500. The Fairholme Fund's average rolling 5-year return was 66.34% versus 39.27% for the S&P 500. The Fairholme Fund has outperformed the S&P 500 in 96 of 139 5-year periods, calculated after each month’s end. The Fairholme Fund’s worst 5-year-period return was (6.89)% versus (29.05)% for the S&P 500. In its best 5-year period, The Fairholme Fund’s return was 185.26% versus the S&P 500’s best return of 181.57%.
Standardized returns are available by clicking FAIRX FACTS in the menu to the left.
* Mutual fund investing involves risks, including loss of principal. The information on this page covers the period from inception of The Fairholme Fund (December 29, 1999) to June 30, 2016. Past performance information quoted does not guarantee future results. The investment return and principal value of an investment in The Fairholme Fund will fluctuate; an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information quoted. Performance figures are after expenses and assume reinvestment of dividends and capital gains but do not reflect a 2.00% fee on shares redeemed within 60 days of purchase. Most recent month-end performance and answers to any questions you may have can be obtained by calling Shareholder Services at (866) 202-2263. The S&P 500 Index is a broad-based measurement of changes in the stock market, is used for comparative purposes only, and is not meant to be indicative of The Fairholme Fund’s performance, asset composition, or volatility. The Fairholme Fund maintains a focused portfolio of investments in a limited number of issuers and does not seek to diversify its investments. This exposes The Fairholme Fund to the risk of unanticipated industry conditions and risks particular to a single company or the securities of a single company. The Fairholme Fund’s performance may differ markedly from the performance of the S&P 500 Index in either up or down market trends. The performance of the S&P 500 Index is shown with all dividends reinvested and does not reflect any reduction in performance for the effects of transaction costs or management fees. Investors cannot invest directly in an index. The Fairholme Fund’s total expense ratio reflected in its prospectus dated March 29, 2016, was 1.04%.
Fairholme Funds, Inc.
All investments are subject to inherent risk, including possible loss of the principal amount invested. There is no guarantee that the Funds will meet their objectives. Read about other risks of investing in Fairholme's Prospectus and SAI.
SHARES OF FAIRHOLME MUTUAL FUNDS ARE DISTRIBUTED BY FAIRHOLME DISTRIBUTORS, LLC