Investment Objective

The Fund’s primary investment objective is long-term growth of capital. Current income is a secondary consideration.

Absolute Value

Small- and mid-cap companies with competitive positions, little to no leverage, with 3:1 upside/downside scenarios.

Concentrated

Benchmark-agnostic portfolio of 20-40 holdings.

Low Turnover, Long-Term Focus

Average holdings period of ~7 years.

Fund Facts

Ticker Symbol FPPTX
Share Class No load, no 12b-1 fees
Initial Minimum Investment $1,500
Fund Assets $241 Million
Fund Inception Jul 11, 1984
FPA Manager Inception Jul 11, 1984
Expense Ratio (as of most recent prospectus) 0.89%
Dividend Frequency Semi-Annually
Fund Facts as are of December 31, 2019. 

Portfolio Manager

  • Arik A. Ahitov

    Joined FPA in 2010
    Arik joined FPA in 2010. He serves as a Portfolio Manager for FPA. From 2004 to 2010, Arik was Portfolio Manager of Shamrock Capital Advisors’ Absolute Value Fund. He also has experience in consulting and investment banking. Arik earned a Bachelor’s degree in Economics from Northwestern University and an MBA from the University of California, Los Angeles. He served on the Board of Coinstar, Inc. (Nasdaq: CSTR) from June 2008 to June 2013.

    FPA Capital Fund