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Fairholme Allocation Fund (FAAFX)

Nasdaq - Nasdaq Delayed price. Currency in USD
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9.50+0.06 (+0.64%)
At close: 08:00PM EDT

Fairholme Allocation Fund

Miami, FL 33137

4400 Biscayne Boulevard, 9th Floor

Fairholme Funds Inc

Management information
Bruce R. Berkowitz,Lead manager since 30 December 2010
Mr. Berkowitz is the President and a Director of Fairholme Capital Management. Mr. Berkowitz has been Chief Investment Officer of the firm since its inception in 1997. Mr. Berkowitz also serves as a Director and Chairman of the Board of Directors of a pooled investment vehicle for which the firm serves as the investment adviser and The St. Joe Company, which is listed on the New York Stock Exchange (“NYSE”). Mr. Berkowitz received a Bachelor of Arts in Economics from the University of Massachusetts at Amherst in 1980.Mr. Berkowitz has over 30 years of investment management experience.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryAllocation--50% to 70% Equity
Fund familyFairholme
Net assets41.12M
YTD return27.18%
Yield1.43%
Morningstar rating★★
Inception date30 Dec 2010

Fund operations

Last dividend0.14
Last cap gain-127.00
Holdings turnover10.71%
Average for categoryN/A

Fees and expenses

ExpenseFAAFXCategory average
Annual report expense ratio (net)1.01%0.84%
Prospectus net expense ratio1.01%N/A
Prospectus gross expense ratio1.01%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/A5.07%
Max deferred sales loadN/A1.48%
3-yr expense projection0N/A
5-yr expense projection0N/A
10-yr expense projection0N/A