FOCIX Performance — The Fairholme Focused Income Fund
Data updated: 2026-07-28
FOCIX returned +6.60% year to date and +10.68% over one year to May 2026. Annualised returns are +12.39% over 3 years and +8.87% over 5 years. The fund beat its Conservative Allocation category average: $100 invested three years ago grew to $142, against $131 for the category, and to $111 over one year, against $111. Volatility over the past three years was 8.06% a year. In the 12 months to May 2026 the fund lost a net $4.0M, and assets reached $218.40M.
FOCIX Growth of $100
What $100 invested in The Fairholme Focused Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Conservative Allocation category average over the same months.
| Period | FOCIX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $111 | $111 |
| 3 years (Jun 2023 – May 2026) | $142 | $131 |
| 5 years (Jun 2021 – May 2026) | $153 | $125 |
| Since data start (Sep 2019 – May 2026) | $166 | $140 |
FOCIX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.60% |
| 1 year | +10.68% |
| 3 years (annualised) | +12.39% |
| 5 years (annualised) | +8.87% |
FOCIX Annual Returns
Calendar-year total returns of The Fairholme Focused Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +6.60% |
| 2025 | +6.68% |
| 2024 | +14.69% |
| 2023 | +12.58% |
| 2022 | +5.98% |
| 2021 | +6.74% |
| 2020 | +1.00% |
| 2019 (Sep–Dec) | −0.93% |
FOCIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.3% | +3.3% | +0.9% | +1.9% | −1.9% | — | — | — | — | — | — | — |
| 2025 | +3.3% | +0.6% | +0.7% | −4.0% | +2.2% | +1.0% | +0.8% | +3.1% | −0.5% | −1.8% | +2.6% | −1.2% |
| 2024 | +2.2% | +1.3% | +2.1% | −0.9% | +0.9% | +0.4% | +2.2% | +0.2% | −0.3% | +0.7% | +9.6% | −4.1% |
| 2023 | +6.3% | −1.2% | −0.1% | +0.9% | −2.3% | +3.3% | +1.2% | +0.4% | +0.9% | −0.4% | +2.1% | +1.1% |
| 2022 | +1.0% | +2.5% | +3.0% | −1.7% | +2.3% | −9.1% | +7.8% | −0.9% | −6.7% | +9.2% | +2.2% | −2.3% |
| 2021 | −1.8% | +1.8% | +2.9% | +3.1% | +2.5% | −2.5% | −1.3% | −0.6% | +0.3% | +2.4% | −2.5% | +2.6% |
| 2020 | −0.4% | −1.9% | −7.5% | +2.4% | +0.6% | +0.3% | +0.4% | +0.7% | −2.2% | −0.6% | +9.7% | +0.2% |
| 2019 | — | — | — | — | — | — | — | — | +0.5% | −0.4% | −2.0% | +0.9% |
FOCIX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 8.06%
- 3-year Sharpe ratio: 0.98 (vs 4.5% risk-free rate)
- Best month: +9.56% (Nov 2024)
- Worst month: −4.11% (Dec 2024)
FOCIX Fund Flows
Monthly money in and out of The Fairholme Focused Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$4.0M
- 12-month gross sales (incl. reinvestments): $13.8M
- Sales ÷ redemptions: 0.77×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $763K | $576K | $187K |
| Apr 2026 | $1.1M | $2.2M | −$1.1M |
| Mar 2026 | $2.0M | $1.1M | $932K |
| Feb 2026 | $3.4M | $1.4M | $2.0M |
| Jan 2026 | $821K | $3.2M | −$2.4M |
| Dec 2025 | $826K | $1.2M | −$328K |
| Nov 2025 | $642K | $1.5M | −$811K |
| Oct 2025 | $324K | $544K | −$220K |
| Sep 2025 | $677K | $1.3M | −$622K |
| Aug 2025 | $747K | $697K | $50K |
| Jul 2025 | $1.1M | $1.5M | −$461K |
| Jun 2025 | $1.3M | $2.5M | −$1.2M |
FOCIX Assets Under Management
Net assets of The Fairholme Focused Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-29 | $218.40M |
| 2026-02-27 | $217.58M |
| 2025-11-28 | $210.09M |
| 2025-08-29 | $212.42M |
| 2025-05-30 | $204.88M |
| 2025-02-28 | $212.31M |
| 2024-11-29 | $218.68M |
| 2024-08-30 | $202.61M |
| 2024-05-31 | $211.69M |
| 2024-02-29 | $210.62M |
| 2023-11-30 | $208.74M |
| 2023-08-31 | $188.32M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.