Investment Objective

The Fund’s primary investment objective is a high total investment return, including capital
appreciation and income.

Broad Universe

Invest across market caps (>$2 billion), sectors, and geographies employing a benchmark-agnostic style.

Company Focus

Select and value companies based on fundamentals with an emphasis on high quality.

Concentrated

Focus on best ideas, typically 25-50 holdings.

Fund Facts

Ticker Symbol FPRAX
Share Class No load, no 12b-1 fees
Initial Minimum Investment $1,500
Fund Assets $174 Million
Fund Inception Jul 1, 1978
FPA Manager Inception Sep 1, 2013
Expense Ratio (as of most recent prospectus) 1.29%
Dividend Frequency Semi-Annually
Fund Facts are as of June 30, 2018. 

Portfolio Managers

  • Gregory Herr, CFA

    Joined FPA in 2007
    Greg joined FPA in 2007. He serves as Portfolio Manager for the FPA Paramount Fund, Inc.  Greg was previously Senior Research Analyst at Vontobel Asset Management, Inc., Vice President at Sanford C. Bernstein & Co., LLC, and Assistant Vice President at Bankers Trust Company.  He earned a Bachelor’s degree in Art History at Colgate University. He is a CFA Charterholder.

  • Pierre O. Py

    Joined FPA in 2011
    Pierre joined FPA in 2011. He serves as the Portfolio Manager of the FPA International Value Fund, and for the FPA Paramount Fund, Inc. Prior to joining FPA, Pierre was Sr. International Investment Analyst at Chicago-based value manager Harris Associates LP. He was previously Analyst in Principal Investing at Goldman Sachs and in Investment Banking at Salomon Brothers. Pierre earned a Master in Management (MIM) - Grande Ecole at HEC Paris with a Specialization in Finance, Tax Strategy and International Law, and an MBA from Harvard Business School. He also holds an LLM in International Business and Tax Law, and is a former student of the Paris Institute of Political Studies (IEP Paris).