Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Large Blend Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Large
   Value
  
  
As of 2009-08-31
Day Change
$ -0.01
  
NAV (2009-11-10)
$ 28.93
  
YTD Return % (2009-11-10)
32.46%
  
Total Assets ($ mil)
9,988
View Data Definitions
  Performance    
Growth of $10,000 Fund: Fairholme
(from 1999-12-29 to 2009-10-31) Category: Large Blend
Index: S&P 500 TR
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-10
Inception date: 1999-12-29 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-10
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 32.92 71.11 2.45 7.98 --- 12.56
+/- Category 14.27 59.25 9.23 7.49 --- ---
+/- S&P 500 TR 9.40 22.31 8.35 7.30 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 28.34 -2.45 3.12 8.54 --- 12.87
Month-End (as of 2009-10-31) 26.19 16.22 0.63 7.78 --- 12.56
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 15.67 0.14 7.21 --- ---
On Distribution & Sale of Shares --- 10.82 0.34 6.49 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 1694 funds), (5 yrs : out of 1352 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is 2.00%.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus 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 data quoted herein.
  Portfolio Profile    
Sector Breakdown %
Information 0.00
Software 0.00
Hardware 0.00
Media 0.00
Telecommunications 0.00
Service 82.48
Healthcare 36.23
Consumer Services 12.24
Business Services 7.64
Financial Services 26.36
Manufacturing 17.52
Consumer Goods 0.00
Industrial Materials 15.00
Energy 2.52
Utilities 0.00
Asset Allocation
% of Net Assets
Cash 22.4
Stocks 72.2
Bonds 3.9
Other 1.5
Foreign Stocks 3.4
(as a % of Assets)
Data through 2009-08-31 Data through 2009-08-31
 
Holding Status
Total Number of Stock Holdings 20 Turnover % 81
Total Number of Bond Holdings 6 30 Day SEC Yield % ---
% of Assets in Top 10 Holdings 57.22 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Sector P/E YTD
Return %		 % of Net
Assets
Pfizer Inc. 14.88 8.19 12.80
Sears Holdings Corporation 17.48 86.88 8.64
St. Joe Corporation --- 10.32 7.32
AmeriCredit Corporation --- 143.72 5.50
Hertz Global Holdings, Inc. --- 92.90 4.64
Berkshire Hathaway Inc. B 29.94 7.25 4.07
Humana 9.74 8.48 3.93
Forest Laboratories, Inc. 9.23 16.10 3.90
Spirit AeroSystems Holdings, Inc. 5.32 73.55 3.46
Leucadia National Corporation --- 10.66 2.96
Data through 2009-08-31
YTD Return through 2009-11-20
  Other Information
Fund Inception: 1999-12-29
Portfolio Manager  (Start Date)
Bruce Berkowitz  (1999-12-29)
Berkowitz is the managing member and portfolio manager of Fairholme Capital Management, L.L.C. He also serves as president and a director of the company. Berkowitz has been managing member and chief investment officer of Fairholme since its inception in 1997. He is also a director and audit committee member of TAL International and White Mountains Insurance Group.
Charles M. Fernandez  (2008-03-31)
Fernandez is an analyst and the chief operating officer of the manager and serves as the secretary of Fairholme Funds, Inc. Fernandez was the president and director of Lakeview Health Systems LLC from 2003 to 2007 and was the CEO of Big City Radio, Inc. from 1999 to 2003. He held various positions with IVAX Corporation serving most recently as a director, and chairman of the audit committee of the board of directors.
Sales Charge %
(taken from prospectus dated 2009-07-31)
Front: None
Deferred: None
Expense Ratio % 1.01
based on net assets
(taken from annual report dated 2008-11-30)
Correspondence Information
4400 Biscayne Boulevard
9th Floor
Miami,  FL  33137
USA
Telephone:
866-202-2263
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.