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Fairholme Funds 2020 Semi-Annual Portfolio Manager's Report

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About: Fairholme Allocation Fund (FAAFX), FAIRX, FOCIX, Includes: BAC, BRK.A, BRK.B, CHKAQ, FDDXD, FMCC, FNMA, IPMLF, JOE, JPM, KHC, OXY, SHLDQ, SPG, WES
by: Fund Letters
Fund Letters
Fund Holdings
Summary

The Fairholme Fund seeks to achieve long-term growth of capital by investing in a focused portfolio of equity and fixed-income securities.

The Fairholme Fund decreased 8.42% versus a 3.08% decrease for the S&P 500 for the six-month period that ended June 30, 2020.

The Income Fund decreased 6.50% versus a 6.14% increase for the Bloomberg Barclays Bond Index for the six-month period that ended June 30, 2020.

The Allocation Fund decreased 11.11% versus a 6.14% increase for the Bloomberg Barclays Bond Index and a 3.08% decrease for the S&P 500 for the six-month period that ended June 30, 2020.

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