Process

The FPA Queens Road team follows a disciplined four pillar process seeking to identify companies with the greatest likelihood of maximizing after-tax returns while limiting volatility.

  1. Balance Sheet - Look for companies with strong balance sheets, manageable debt, and strong free cash flow.
  2. Valuation - Attempt to normalize economic earnings over full market cycles.
  3. Management - Evaluate their track record of defining effective strategies and executing their stated objectives.
  4. Sector and Industry - Strive to own companies in growing industries with favorable economics.     
Value investing does not protect against loss of principal and there is no assurance that the Fund will meet its objective.

Investment Team