The Fairholme Allocation Fund
Data updated: 2023-07-27
C000096062 — The Fairholme Allocation Fund. Global (incl. US) Blend / Core Equity · $50.01M AUM. Holdings, fees, performance and SEC filings.
C000096062 Fund Overview
The Fairholme Allocation Fund is a US mutual fund managed by Fairholme Funds INC, categorised as Global (incl. US) Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Fairholme Funds INC
- Category: Global (incl. US) Blend / Core Equity
- Assets under management: $50.01M
- 1-year return: -6.7%
- SEC CIK: 0001096344
- SEC series ID: S000031006
- Share class ID: C000096062
C000096062 Investment Objective and Strategy
The Fairholme Allocation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Fairholme Funds INC.
Investment objective
The Allocation Fund seeks long-term total return.
Principal investment strategy
The Allocation Fund seeks long-term total return from capital appreciation and income. Fairholme Capital Management, L.L.C. (the Manager), the investment adviser to The Allocation Fund, attempts, under normal circumstances, to achieve The Allocation Funds investment objective by investing opportunistically in a focused portfolio of investments in the equity, fixed-income and cash and cash-equivalent asset classes. The proportion of The Allocation Funds portfolio invested in each asset class will vary from time to time based on the Managers assessment of relative fundamental values of securities and other investments in the class, the attractiveness of investment opportunities within each asset class, general market and economic conditions, and expected future returns of investments. The Allocation Fund may invest in any, all or none of the targeted asset classes at any given time.
There is no limitation on the amount of The Allocation Funds portfolio that may be allocated to any one of these asset classes. The Allocation Fund may maintain a significant portion of its assets in cash and cash-equivalent securities and investments. In certain market conditions, the Manager may determine that it is appropriate for The Allocation Fund to hold a significant cash position for an extended period of time. In addition, The Allocation Fund may invest in securities and other investments without regard to the jurisdictions in which the issuers of the securities are organized or situated and without regard to the market capitalizations or sectors of the issuers. The Allocation Fund may also invest in securities without regard to maturity or the rating of the issuer of the security.
The Allocation Fund may invest, for example, without limit in lower-rated securities (or junk bonds), which are those securities rated below Baa by Moodys Investors Service, Inc. (Moodys) or below BBB by S&P Global Ratings (S&P) or that have comparable ratings from other nationally recognized statistical rating organizations (NRSROs) or, if unrated, are determined to be comparable to lower-rated debt securities by the Manager. The Allocation Fund may also use other investment strategies and invest its assets in other types of investments, which are described in the section in this Prospectus entitled Additional Information about the Funds Investments and Risks, and in The Allocation Funds Statement of Additional Information (SAI).
C000096062 Performance
Total returns for C000096062 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -6.7% |
| 3 years (annualised) | 9.0% |
C000096062 Risk Information
Risk metrics for C000096062, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 24.7%
C000096062 Costs and Fees
C000096062 costs about $101 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.01%
- Gross expense ratio: 1.01%
- Portfolio turnover: 11%
- Brokerage commissions: 0.25 bps of average net assets (SEC N-CEN)
C000096062 Cashflows
Over the 12 months to 2023-05, The Fairholme Allocation Fund had net inflows of $11.64M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-05 | $258.56K |
| 2023-04 | $43.10K |
| 2023-03 | $87.01K |
| 2023-02 | $334.38K |
| 2023-01 | $144.32K |
| 2022-12 | $664.45K |
C000096062 Debt Constituents
No individual debt constituents are reported in The Fairholme Allocation Fund's latest SEC N-PORT filing.
C000096062 Prospectus and SEC Filings
Official The Fairholme Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-03-28
- Prospectus (485BPOS) — filed 2022-03-28
- Prospectus (485BPOS) — filed 2021-03-25
- Portfolio holdings (N-PORT) — filed 2023-07-27
- Portfolio holdings (N-PORT) — filed 2023-04-27
- Portfolio holdings (N-PORT) — filed 2023-01-30
- Annual census (N-CEN) — filed 2023-02-09
- Annual census (N-CEN) — filed 2022-02-11
Related Funds
Other Global (incl. US) Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.