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 the equity and debt securities of companies because the Adviser believes that this combination of securities broadens the universe of opportunities for the fund, offers additional diversification and helps to lower volatility. Typically, it invests primarily in equity securities and the balance in debt securities, cash and cash equivalents.


1 month+1.05% 3 years+13.89%
3 months+0.78% 5 years+11.44%
1 year+12.05% Since inception+11.13%
Data through --

Peer Comparisonvs. Moderate allocation

Performance 5-yr return+11.44%+12.57%
Expense ratio1.23%1.30%
Risk 5 year sharpe ratio1.451.18
Net assets$19.3B$2.6B
Average market cap$47.0B$47.7B
Average P/E17.018.0
Portfolio turnover22%22%

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Fund Management and Purchase Info

Fund familyFPA
Fund manager & tenureSteven Romick / 21 Years
Minimal initial investment$1,500.00
Minimum IRA investment$100.00


Fixed income47.85%
U.S. stock38.42%
International stock13.63%
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
-- U.S. Treasury Note (Various Issues)46.08%
MSFT Microsoft Corp3.36%
ORCL Oracle Corporation3.11%
AON Aon2.91%
CVS CVS Caremark Corp2.76%
COV Covidien, Ltd.2.21%
TMO Thermo Fisher Scientific Inc2.10%
OXY Occidental Petroleum Corp2.04%
AIG American International Group Inc1.74%
AA Alcoa Inc1.54%

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