On December 31, 2010, the Fairholme Focused Income Fund (FOCIX) distributed an Ordinary Income dividend and Capital Gains distribution of $0.19665 per share to shareholders of record as of December 30, 2010. From the inception date of December 31, 2009 to December 31st, the Fund’s 1 year performance is 11.16%.
The Record, Ex-Dividend, Payable Dates, and Dollars-Per-Share are as follows:
THE FAIRHOLME FOCUSED INCOME FUND
|Distribution Type||Record Date||
|Ordinary Income||December 30, 2010||December 31, 2010||December 31, 2010||$0.15696|
|Short-Term Capital Gains||December 30, 2010||December 31, 2010||December 31, 2010||$0.03969|
Past performance is not a guarantee of future results.
The Fund’s investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the Fund, and it may be obtained by calling Shareholder Services at 1-866-202-2263 or visiting our website www.fairholmefunds.com. Read it carefully before investing.
Performance information quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance information quoted herein. Performance figures assume reinvestment of dividends and capital gains.
The Manager has contractually agreed to waive a portion of its management fees and/or pay Fund expenses (excluding taxes, interest, brokerage commissions, acquired fund fees and expenses, expenses incurred in connection with any merger or reorganization and extraordinary expenses such as litigation) in order to limit the net expenses of the Fund to 0.50% of the Fund’s daily average net assets.The fee waiver/expense limitation became effective on December 31, 2009 and shall remain in effect for at least one year after the effective date of the Fund’s most recent registration statement.
Investing in the Fund involves risk including loss of principal. The Fairholme Focused Income Fund is a non-diversified mutual fund, which means that the Fund invests in a smaller number of securities when compared to more diversified funds. This strategy exposes the Fund and its shareholders to greater risk of loss from adverse developments affecting portfolio companies. The Fund’s investments are also subject to interest rate risk, which is the risk that the value of a security will decline because of a change in general interest rates. Investments subject to interest rate risk will usually decrease in value when interest rates rise and rise in value when interest rates decline. Also, securities with long maturities typically experience a more pronounced change in value when interest rates change.
Fairholme Distributors, Inc. (12/10)