Q3 2023 Slides
Q3 2023 Transcript
Q2 2023 Slides
Q2 2023 Transcript
Q1 2023 Slides
Q1 2023 Transcript



Q4 2022 Slides
Q4 2022 Transcript

Q3 2022 Slides
Q3 2022 Transcript
Q2 2022 Slides
Q2 2022 Transcript

Q1 2022 Slides

Q1 2022 Transcript



Q4 2021 Slides
Q4 2021 Transcript
Q3 2021 Slides
Q3 2021 Transcript

Q2 2021 Slides

Q2 2021 Transcript

Q1 2021 Slides
Q1 2021 Transcript



Q4 2020 Transcript
Q4 2020 Slides

Q3 2020 Transcript

Q3 2020 Slides
Q2 2020 Transcript
Q2 2020 Slides
Q1 2020 Intra-quarter Conference Call


Q4 2019 Transcript
Q4 2019 Slides
Q3 2019 Transcript 
Q3 2019 Slides
Q2 2019 Transcript
Q2 2019 Slides
Q1 2019 Transcript
Q1 2019 Slides


Q4 2018 Transcript
Q4 2018 Slides
Q3 2018 Transcript
Q3 2018 Slides
Q2 2018 Transcript
Q2 2018 Slides
Q1 2018 Prepared Remarks (Investor Day)
Q1 2018 Slides (Investor Day)



Q4 2017 Transcript
Q4 2017 Slides
Q3 2017 Transcript
Q3 2017 Slides
Q2 2017 Transcript
Q2 2017 Slides
Q1 2017 Transcript
Q1 2017 Slides



Q4 2016 Transcript
Q4 2016 Slides
Q3 2016 Transcript
Q3 2016 Slides
Q2 2016 Transcript
Q2 2016 Slides
Q1 2016 Transcript
Q1 2016 Slides



Q4 2015 Transcript
Q4 2015 Slides
Q3 2015 Transcript
Q3 2015 Slides
Q2 2015 Transcript
Q2 2015 Slides
Q1 2015 Transcript
Q1 2015 Slides


Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar’s current expectations about future events and therefore involve unknown risks and uncertainties that may cause Morningstar’s expectations not to occur or to differ significantly from what was expected. Morningstar does not represent its Analyst Ratings to be guarantees nor should they be viewed as an assessment of a fund’s or the fund’s underlying securities’ creditworthiness.

Morningstar Inc.’s awards are based on qualitative evaluation and research, thus subjective in nature and should not be used as the sole basis for investment decisions. Morningstar’s awards are not guarantees of a fund’s future investment performance. Morningstar, Inc. does not sponsor, issue, sell, or promote any open-end mutual funds including the FPA Funds.

Click here for standardized fund performance.

We hope that investors will find FPA webcasts helpful to understand application of the same investment discipline in various markets, and can refer to particular items that interest them.

Click here for glossary of terms.

Portfolio composition will change due to ongoing management of the funds.  References to individual securities are for informational purposes only and should not be construed as recommendations by the Funds, Advisor or Distributor.   Click here for current holdings.

The views expressed and any forward-looking statements are as of the date of the publication and are those of the portfolio managers.  These views may not be relied upon as investment advice or as an indication of trading intent on behalf of any First Pacific Advisors portfolio.  Future events or results may vary significantly from those expressed and are subject to change at any time in response to changing circumstances and industry developments.  Security examples featured are samples for presentation purposes and are intended to illustrate our investment philosophy and its application.  It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities.  This information and data has been prepared from sources believed reliable.  The accuracy and completeness of the information cannot be guaranteed and is not a complete summary or statement of all available data.

FPA Crescent Fund is offered through UMB Distribution Services, LLC.