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News & Insights
Use the category and/or funds filter, or the search box below to find News and Insights, including archived commentaries and webcasts.
| Quarterly Commentary
Source Capital’s (“Source” or “Fund”) net asset value (NAV) gained 1.75% for the quarter and 7.78% for the trailing twelve months, which is higher than the balanced MSCI ACWI/Bloomberg US Agg index, the Fund’s primary illustrative benchmark.
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| Quarterly Commentary
FPA New Income Fund (the “Fund”) returned 2.61% in first quarter of 2025.
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| Quarterly Commentary
The FPA Queens Road Value Fund (“Fund”) returned -2.28% for the first quarter of 2025. This compares to the S&P 500 Value Index return of 0.28% for the same period.
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| Quarterly Commentary
The FPA Queens Road Small-cap Value Fund (“Fund”) returned -2.51% in the first quarter of 2025 vs. -7.74% for the Russell 2000 Value Index (“R2KV”).
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| Quarterly Commentary
Through the end of March, the trailing economic data suggested a healthy economy with a low unemployment rate and inflation that, while still above the Federal Reserve’s 2% inflation target, generally trended toward that target.
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| Quarterly Commentary
The FPA Crescent Fund – Institutional Class (“Fund” or “Crescent”) declined 0.20% in Q1 2025 but gained 7.37% in the trailing twelve months.
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| Quarterly Commentary
FPA Queens Road Value Fund (“Fund”) returned -2.69% for the fourth quarter of 2024.
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| Quarterly Commentary
FPA Flexible Fixed Income Fund (the “Fund”) returned -0.99% in the fourth quarter of 2024 and 5.29% for the year ended December 31, 2024.
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| Quarterly Commentary
The FPA Crescent Fund – Institutional Class (“Fund” or “Crescent”) gained 1.05% in Q4 2024 and 13.96% in the trailing twelve months.
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