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FPA is an independent value-focused investment manager practicing a disciplined approach to investing, prudently seeking to generate attractive risk-adjusted returns while protecting capital over the long-term.
The FPA Advantage
Independence
As an independently owned firm, we have the freedom to design investment mandates that are tailored to our investors’ needs.
Alignment
We invest alongside our investors and prioritize performance over scale, even if it means deliberately limiting our assets under management.
Approach
We think in terms of decades and full market cycles. This long-term perspective supports patient investing and enables us to allocate capital with greater conviction.
Explore FPA Funds
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FPA Queens Road Small Cap Value Fund Small Value |
View FPA Queens Road Small Cap Value Fund fund details |
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FPA Queens Road Value Fund Large Value |
View FPA Queens Road Value Fund fund details |
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FPA Global Equity ETF Global Large-Stock Value |
View FPA Global Equity ETF fund details (opens in new tab) |
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FPA New Income Fund Short-Term Bond |
View FPA New Income Fund fund details |
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FPA Flexible Fixed Income Fund Nontraditional Bond |
View FPA Flexible Fixed Income Fund fund details |
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FPA Short Duration Government ETF Short Government |
View FPA Short Duration Government ETF fund details (opens in new tab) |
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FPA Crescent Fund Global Moderate Allocation |
View FPA Crescent Fund fund details |
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Source Capital Moderate Allocation |
View Source Capital fund details |
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FPA Global Allocation ETF Global Moderate Allocation |
View FPA Global Allocation ETF fund details (opens in new tab) |
Value-Added Viewpoints
| News, Webcasts
Join FPA’s investment teams for our upcoming Q3 2026 webcast series as they review fund performance, discuss key portfolio developments, and share insights on today’s market environment and outlook. Each session will include a live Q&A session.
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| FPA Insights
After nearly 20 years, the FPA New Income Fund has added Treasury Inflation-Protected Securities (TIPS) to the portfolio. Learn why the investment team believes today’s TIPS market offers an attractive risk-adjusted return opportunity and how this decision reflects the Fund’s flexible investment approach.
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| News
Join us for FPA Investor Day Los Angeles, taking place in Santa Monica, California on Wednesday, October 21, and Thursday, October 22, 2026. Meet the people who guide FPA and enjoy a deep dive with our portfolio managers on the firm’s strategies and current perspectives. Review the event agenda and learn more about special guest speaker Valter Longo, Ph.D., who will join us for the evening dinner program on Thursday, October 22.
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