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 September 30, 2019. 

Portfolio Manager

  • Arik A. Ahitov

    Joined FPA in 2010
    Arik joined FPA in 2010. He serves as Portfolio Manager for the FPA Capital Fund, Inc.  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.