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FPA New Income Fund
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FPA Flexible Fixed Income Fund

| Webcasts

FPA New Income and Flexible Fixed Income Funds 1Q26 Webcast

A quarterly webcast with the New Income Fund team sharing their market views and portfolio updates.

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FPA Flexible Fixed Income Fund

| Quarterly Commentary

FPA Flexible Fixed Income Fund 1Q26 Commentary

Quarterly commentary from the Flexible Fixed Income Fund team sharing insights on markets, portfolio positioning and performance.

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FPA Crescent Fund

| Webcasts

FPA Crescent Fund 1Q26 Webcast

A quarterly webcast with the Crescent Fund team sharing their market views and portfolio updates.

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FPA New Income Fund

| Quarterly Commentary

FPA New Income Fund 1Q26 Commentary

Quarterly commentary from the New Income Fund team sharing insights on markets, portfolio positioning and performance.

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Source Capital

| Quarterly Commentary

Source Capital 1Q26 Commentary

Quarterly commentary from the Source Capital team sharing insights on markets, portfolio positioning and performance.

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FPA Queens Road Small Cap Value Fund

| Quarterly Commentary

FPA Queens Road Small Cap Value Fund 1Q26 Commentary

Quarterly commentary from the Queens Road Small Cap Value Fund team sharing insights on markets, portfolio positioning and performance.

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FPA Crescent Fund

| Quarterly Commentary

FPA Crescent Fund 1Q26 Commentary

Quarterly commentary from the Crescent Fund team sharing insights on markets, portfolio positioning and performance.

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Source Capital

| Fund Announcements

Source Capital Declares June, July, and August 2026 Distribution on Common Stock

The Board of Trustees of Source Capital (NYSE: SOR) (the “Fund”) approved maintaining the Fund’s regular monthly distribution rate for June, July, and August 2026.

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FPA Crescent Fund

| FPA Insights

The Road Less Traveled: Searching Far and Low(er)

This article explores how FPA’s Contrarian Value team seeks investment opportunities by looking beyond conventional benchmarks and market narratives. It highlights the research‑driven process used to search across markets and capital structures to identify long‑term value.

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