Performance

Comparative Performance Quarterly

As of December 31, 2019
Fund/Index QTD YTD 1 Year 3 Years 5 Years 10 Years Expense Ratio1
FPA U.S. Value Fund, Inc. 10.87 % 34.16 % 34.16 % 9.84 % 4.58 % 10.02 % 1.20 %
S&P 500 9.07 % 31.49 % 31.49 % 15.27 % 11.70 % 13.56 %
Russell 2500 8.54 % 27.77 % 27.77 % 10.33 % 8.93 % 12.58 %

Additional Performance Documentation

On September 1, 2015, the Fund changed its name to FPA U.S. Value Fund, Inc., and the current portfolio manager assumed management of the Fund on that date. Contemporaneous with this change, the Fund transitioned to its current investment strategy. Performance prior to September 1, 2015 reflects the performance of the prior portfolio manager and investment strategy. Performance prior to September 1, 2015 is not indicative of performance for any subsequent periods. The transition took place during time period from September 1, 2015-September 30, 2015.
1Expense Ratio is calculated as of the date of the most recent prospectus.

Periods greater than one year are annualized. FPA Fund performance is net of all fees and expenses and includes the reinvestment of distributions. FPA Fund returns do not reflect the deduction of taxes that a shareholder would pay on FPA Fund distributions or the redemption of FPA Fund shares, which would lower these figures.

Past performance is no guarantee, nor is it indicative, of future results. Current performance may be higher or lower than the performance shown. This data represents past performance and investors should understand that investment returns and principal values fluctuate, so that when you redeem your investment it may be worth more or less than its original cost. Current month-end performance data, which may be lower or higher than the performance data quoted, may be obtained at www.fpa.com or by calling toll-free, 1-800-982-4372.

You should consider the Fund's investment objectives, risks, and charges and expenses carefully before you invest. The Prospectus details the Fund's objective and policies and other matters of interest to a prospective investor. Please read the Prospectus carefully before investing. The Prospectus may be obtained by visiting the website at www.fpa.com, by calling toll-free, 1-800-982-4372, or by contacting the Fund in writing.


Comparison to any index is for illustrative purposes only and should not be relied upon as a fully accurate measure of comparison. The FPA Funds may be less diversified than the indices noted herein, and may hold non-index securities or securities that are not comparable to those contained in an index. Indices may hold positions that are not within the investment strategy. Indices are unmanaged and do not reflect any commissions or fees which would be incurred by an investor purchasing the underlying securities. The FPA Funds do not include outperformance of any index or benchmark in its investment objectives. An investor cannot invest directly in an index.

The Standard & Poor's 500 Stock Index (S&P 500) is a capitalization-weighted index which covers industrial, utility, transportation and financial service companies, and represents approximately 75% of the New York Stock Exchange (NYSE) capitalization and 30% of NYSE issues. The Russell 2500 Index consists of the 2,500 smallest companies in the Russell 3000 total capitalization universe. These indices do not reflect any commissions or fees which would be incurred by an investor purchasing the stocks it represents. The performance of the Fund and of the Indices is computed on a total return basis which includes reinvestment of all distributions.  It is not possible to invest in an index.

Comparative Performance Monthly

As of February 29, 2020
Fund/Index MTD YTD 1 Year 3 Years 5 Years 10 Years
FPA U.S. Value Fund, Inc. -8.16 % -6.02 % 11.67 % 6.05 % 3.23 % 9.51 %
S&P 500 -8.23 % -8.27 % 8.19 % 9.87 % 9.23 % 12.65 %
Russell 2500 -8.39 % -10.25 % -1.80 % 5.10 % 5.81 % 11.21 %

Additional Performance Documentation

Periods over one year annualized. Performance is provided net of fees.
On September 1, 2015, the Fund changed its name to FPA U.S. Value Fund, Inc., and the current portfolio manager assumed management of the Fund on that date. Contemporaneous with this change, the Fund transitioned to its current investment strategy. Performance prior to September 1, 2015 reflects the performance of the prior portfolio manager and investment strategy. Performance prior to September 1, 2015 is not indicative of performance for any subsequent periods. The transition took place during time period from September 1, 2015-September 30, 2015.
Expense ratio calculated as of most recent prospectus is 1.20%.
The Standard & Poor's 500 Stock Index (S&P 500) is a capitalization-weighted index which covers industrial, utility, transportation and financial service companies, and represents approximately 75% of the New York Stock Exchange (NYSE) capitalization and 30% of NYSE issues. The Russell 2500 Index consists of the 2,500 smallest companies in the Russell 3000 total capitalization universe. These indices do not reflect any commissions or fees which would be incurred by an investor purchasing the stocks it represents. The performance of the Fund and of the Indices is computed on a total return basis which includes reinvestment of all distributions.  It is not possible to invest in an index.
Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. This data represents past performance and investors should understand that investment returns and principal values fluctuate, so that when you redeem your investment it may be worth more or less than its original cost. Current month-end performance data may be obtained by calling toll-free, 1-800-982-4372.