Source Capital, Inc. (SOR) seeks maximum total return for shareholders from both capital appreciation and investment income to the extent consistent with protection of invested capital.
Investments require a compelling risk-reward proposition on an absolute basis.
Invest across capital structure, geographies, sectors, and market caps. Allocation to fixed income will increase in the absence of compelling equity opportunities.
Independent, security-specific, fundamental research process in both debt and equity with the goal of avoiding permanent capital impairment.
* The latest expense ratio can be found in the "Financial Highlights" page of the Annual and Semi-Annual financial reports.
Fund Facts are as of March 31, 2023, unless otherwise noted.
Fund Inception reflects the date when the Fund was first available for purchase under FPA management.
FPA Manager Inception reflects the date the current portfolio managers began managing the Fund.
Abhi joined FPA in 2010. He serves as a Portfolio Manager and Director of Research for FPA. Prior to joining the firm, Abhi was an investment analyst at Reservoir Capital Group and D.B. Zwirn & Co. and an investment banking analyst at UBS Warburg and Donaldson, Lufkin & Jenrette. He earned a Bachelor’s degree in Economics, summa cum laude, and an MBA from the Wharton School of the University of Pennsylvania.
FPA New Income Inc.
FPA Flexible Fixed Income Fund