The views expressed in these articles and commentaries are those of the author at the time created.  They do not necessarily reflect the views of FPA or the distributor.  These views are subject to change at any time based on market and other conditions, and FPA and/or the Distributor disclaims any responsibility to update such views.  No forecasts can be guaranteed. These views may not be relied upon as investment advice or as indication of trading intent on behalf of any FPA portfolio or the distributor and should not be construed as an offer to sell or a solicitation of an offer to buy securities or any product mentioned in this article. This information and data has been prepared from sources believed reliable.  However, the accuracy and completeness of the information cannot be guaranteed and is not a complete summary or statement of all available data.  FPA has received certain nominations or awards by third-parties as reflected herein.  Investors should review the criteria for each nomination or award as reflected on the third-party’s webpage.

You should consider the Fund’s investment objectives, risks, fees and expenses before investing. The Prospectus contain this and other important information which should be read carefully before investing.

 

March 30, 2020

Morningstar Highlights FPA International Value Fund (FPIVX) in List of Funds with Best Downside Capture During the Sell-Off (2/19/20 to 3/9/20)

Morningstar took a look at the funds that did the best and worst job protecting investors and found FPA International Value (FPIVX) to be amongst the top five performers in the International Equity Category during the sell-off (2/19/20 to 3/9/20).

Please click here for Standardized Performance for FPA International Value Fund (“Fund”).

Past performance is no guarantee, nor is it indicative, of future results.

Morningstar Direct screens funds using their own down-capture measure, which assesses how a fund's share-price decline compares with the fall in the Morningstar Category benchmark.

The Morningstar Analyst RatingTM is not a credit or risk rating. It is a subjective evaluation performed by the manager research analysts of Morningstar. Morningstar evaluates funds based on five key pillars, which are process, performance, people, parent, and price. Analysts use this five pillar evaluation to determine how they believe funds are likely to perform relative to a benchmark, or in the case of exchange-traded funds and index mutual funds, a relevant peer group, over the long term on a risk-adjusted basis. They consider quantitative and qualitative factors in their research, and the weight of each pillar may vary. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. A Morningstar Analyst Rating of Gold, Silver, or Bronze reflects an analyst’s conviction in a fund’s prospects for outperformance. Analyst Ratings are continuously monitored and reevaluated at least every 14 months. For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to http://corporate1.morningstar.com/AnalystRating/.

The Morningstar Analyst Rating should not be used as the sole basis in evaluating a fund. Morningstar Analyst Ratings involve unknown risks and uncertainties which may cause Morningstar’s expectations not to occur or to differ significantly from what we expected.

©2020 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted by Morningstar to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

For further details, please click here.