FPA Crescent Fund (FPACX)

Net Asset Value
1 Day
Overall Morningstar Rating
Moderate allocation
Style or Category
No Load
Sales Expenses
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks to generate equity-like returns over the long-term, take less risk than the market and avoid permanent impairment of capital. The fund actively invests in both equity and debt securities. It invests primarily in equity securities and the balance in debt securities, cash and cash equivalents. The fund has the ability to invest up to 65% of its total assets in debt securities, although it will typically primarily invest in equity securities. The fund may invest up to 50% of its assets in foreign securities. It may also invest in debt securities rated below investment grade.


1 month+0.72% 3 years+10.14%
3 months+2.04% 5 years+14.56%
1 year+16.03% Since inception+11.18%
Data through --

Peer Comparisonvs. Moderate allocation

Performance 5-yr return+14.56%+14.54%
Expense ratio1.26%1.32%
Risk 5 year sharpe ratio1.691.41
Net assets$17.4B$2.4B
Average market cap$50.9B$46.1B
Average P/E17.017.7
Portfolio turnover22%22%

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Fund Management and Purchase Info

Fund familyFPA
Fund manager & tenureSteven Romick / 20 Years
Minimal initial investment$1,500.00
Minimum IRA investment$100.00


U.S. stock36.21%
International stock11.83%
Fixed income5.52%
Top 5 Sectors
Portfolio weighting
Energy 22.41%
Healthcare 22.20%
Consumer service 18.82%
Financial service 13.14%
Industrial materials 6.92%
Top 10 Holdings
Portfolio weighting
MSFT Microsoft Corp3.53%
ORCL Oracle Corporation3.36%
CVS CVS Caremark Corp2.93%
AON Aon2.90%
TMO Thermo Fisher Scientific Inc2.29%
COV Covidien, Ltd.2.05%
OXY Occidental Petroleum Corp2.02%
AIG American International Group Inc1.71%
GOOGL Google Inc Class A1.38%
-- Groupe Bruxelles Lambert1.35%

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