FPA Crescent Fund (FPACX)

Net Asset Value
1 Day
Overall Morningstar Rating
Allocation--50% to 70% equity
Style or Category
No Load
Sales Expenses
Expense Ratio
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. To pursue the fund's investment objective- the fund's portfolio managers ("portfolio managers") invest in both equity and debt securities of companies. The fund's portfolio managers believe that this combination of securities broadens the universe of opportunities for the fund- offers additional diversification and helps to lower volatility. The portfolio managers invest primarily in equity securities and the balance of the fund's portfolio in debt securities- cash and cash equivalents.


1 month+0.49% 3 years+5.41%
3 months-1.58% 5 years+6.95%
1 year+5.67% Since inception+10.21%
Data through --

Peer Comparisonvs. Allocation--50% to 70% equity

Performance 5-yr return+6.95%+6.55%
Expense ratio1.10%1.15%
Risk 5 year sharpe ratio1.000.90
Net assets$16.8B$3.0B
Average market cap$48.7B$66.7B
Average P/E23.319.7
Portfolio turnover18%18%

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Fund Management and Purchase Info

Fund familyFPA
Fund manager & tenureSteven Romick / 24 Years
Minimal initial investment$1,500.00
Minimum IRA investment$100.00


U.S. stock52.25%
Fixed income13.23%
International stock5.28%
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
-- 5.57%
-- 4.24%
ORCL Oracle3.69%
AIG AIG3.05%
MSFT Microsoft2.99%
BAC Bank of America2.84%
UTX United Technologies2.82%
AON Aon PLC2.75%
CIT CIT Group Inc2.38%
TEL TE Connectivity2.33%