The Fund seeks to generate equity-like returns over the long-term, take less risk than the market and avoid permanent impairment of capital.
Investments require a compelling risk/reward proposition on an absolute basis.
Invest across capital structure, geographies, sectors and market caps.
Independent, bottom-up, fundamental research process seeking to minimize risk.
Fund Facts are as of September 30, 2018.
FPA was awarded the Morningstar US Allocation Fund Manager of the Year in 2013. The US Allocation Fund Manager of the Year winners are chosen based on research and in-depth qualitative evaluation by Morningstar’s Manager Research Group. Nominations are made by Morningstar manager research analysts, then narrowed to a list of finalists by each asset-class team. The entire analyst team meets to debate the merits of the finalists in each asset class. Voting commences immediately after each asset-class meeting, and nominees receiving the most votes are the winners.