38.33
0.26(0.68%) May 17
| Prev Close: | 38.07 |
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| YTD Return*: | 8.40% |
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| Net Assets*: | 7.68B |
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| Yield*: | N/A |
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* As of 31-Mar-13
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Headlines
- Berkowitz's Fairholme a 'Perfect' Example of Mutual-Fund Drawbacks: AdvisorSharesat Barrons.com(Wed, May 15)
- MBIA Investment a Big Win for Fairholme's BerkowitzMorningstar(Thu, May 9)
- Berkowitz’s MBIA Bet Soars as Wagers on Insurers Pay Offat Bloomberg(Tue, May 7)
- Invest With Buffett, Like Buffett, or Both?Morningstar(Sun, Apr 28)
- The Fairholme Focused Income Fund Announces DividendBusiness Wire(Thu, Mar 28)
- Ratings Changes for Funds From Artisan, GoodHaven, JP Morgan, and BlackRockMorningstar(Mon, Mar 18)
- Yacktman Wins as Heebner Is Too Volatile: Riskless Returnat Bloomberg(Wed, Mar 6)
- Are High-Priced Managers Worth It?at The Wall Street Journal(Sun, Mar 3)
- What Investors Were Researching in FebruaryMorningstar(Sun, Mar 3)
- Are High-Priced Fund Managers Worth It?at The Wall Street Journal(Fri, Mar 1)
- PIMCO's All Asset Funds Risk Becoming Too PopularMorningstar(Thu, Feb 21)
- Mutual Funds: When Is It Time to SellMorningstar(Sun, Feb 17)
- MBIA, BofA In A Billion-Dollar Game Of Chickenat Forbes(Wed, Feb 13)
- Berkowitz Seeking Patient Capital Sours on Mutual Fundsat Bloomberg(Mon, Feb 4)
- Berkowitz Adds Junk Debt on Top of BofA ‘Priced to Die’at Bloomberg(Fri, Feb 1)
Top Holdings
| Symbol | % Assets | YTD Return % |
|---|
| AIG | 38.02 | 8.30 |
| BAC | 11.50 | 4.74 |
| SHLD | 8.54 | 22.34 |
| General Growth Properties, Inc., Vested, Strike Price $9.412, Expire 11/09/ | 7.17 | -8.67 |
| JOE | 6.86 | 18.83 |
Fund Basics
| Morningstar Overall Rating: | |
| Total Assets: | 7.68B |
| Category: | Large Value |
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| Annual Report Expense Ratio (net): | 1.00% |
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Performance & Risk
| YTD Return: | 8.40% |
| 5y Avg Return: | 4.81% |
| Rank in Category (ytd): | 97 |
| % Rank in Category (ytd): | 7.6% |
| Beta (3y): | 1.32 |
| Morningstar Risk Rating: | 5 |
Fund Summary
The investment seeks long-term growth of capital.
The fund primarily invests a focused portfolio of equity and fixed-income securities. It may invest in common and preferred stock, partnership interests, business trust shares, depository receipts, rights and warrants to subscribe for the purchase of equity securities, and interests in REITs. The fund may also invest in U.S. corporate debt securities, non-U.S. corporate debt securities, bank debt, U.S. government and agency debt securities, short-term debt obligations of foreign governments and foreign money market instruments. It is non-diversified.
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