FPACX: FPA Crescent Fund - MutualFunds.com
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FPA Crescent

FPACX - Snapshot

Vitals

  • YTD Return 13.7%
  • 3 Yr Annualized Return 12.6%
  • 5 Yr Annualized Return 11.2%
  • Net Assets $12.5 B
  • Holdings in Top 10 29.0%

52 WEEK LOW AND HIGH

$41.17
$28.10
$41.52

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.15%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 29.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $1,500
  • IRA $100

Fund Classification

Compare FPACX to Popular U.S. Balanced Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

American Funds American Balanced Fund®

Fund

$32.36

-0.61%

$203.07 B

1.23%

$0.40

7.15%

0.58%

Vanguard Wellington™ Fund

Fund

$47.43

-0.80%

$118.44 B

1.83%

$0.88

6.92%

0.24%

Vanguard Balanced Index Fund

Fund

$46.23

-0.52%

$56.31 B

1.04%

$0.49

4.26%

0.18%

T. Rowe Price Capital Appreciation Fund

Fund

$36.84

-0.78%

$49.28 B

1.07%

$0.40

8.00%

0.70%

Fidelity® Balanced Fund

Fund

$30.36

-0.56%

$45.38 B

1.04%

$0.32

7.36%

0.52%

FPACX - Profile

Distributions

  • YTD Total Return 13.7%
  • 3 Yr Annualized Total Return 12.6%
  • 5 Yr Annualized Total Return 11.2%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.56%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    FPA Crescent Fund
  • Fund Family Name
    FPA
  • Inception Date
    Jun 02, 1993
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Steven Romick

Fund Description

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.

FPACX - Performance

Return Ranking - Trailing

Period FPACX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.7% -6.1% 86.6% 2.90%
1 Yr 49.8% -5.2% 109.7% 1.62%
3 Yr 12.6%* -1.4% 27.2% 21.11%
5 Yr 11.2%* 0.6% 25.9% 27.02%
10 Yr 8.8%* 1.6% 15.8% 32.34%

* Annualized

Return Ranking - Calendar

Period FPACX Return Category Return Low Category Return High Rank in Category (%)
2020 6.3% -39.0% 56.4% 61.50%
2019 14.6% -5.8% 26.1% 42.17%
2018 -14.9% -52.1% 0.0% 77.55%
2017 6.4% -6.5% 32.7% 68.36%
2016 5.0% -43.7% 17.8% 33.33%

Total Return Ranking - Trailing

Period FPACX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.7% -6.1% 66.5% 2.90%
1 Yr 49.8% -5.2% 109.7% 1.62%
3 Yr 12.6%* -1.4% 27.2% 18.71%
5 Yr 11.2%* 0.6% 25.9% 24.07%
10 Yr 8.8%* 1.6% 15.8% 30.67%

* Annualized

Total Return Ranking - Calendar

Period FPACX Return Category Return Low Category Return High Rank in Category (%)
2020 6.3% -39.0% 56.4% 61.50%
2019 14.6% -5.8% 26.1% 42.17%
2018 -14.4% -47.9% 0.8% 89.49%
2017 10.4% -3.7% 56.2% 73.77%
2016 10.3% -43.7% 19.8% 7.41%

NAV & Total Return History

FPACX - Holdings

Concentration Analysis

FPACX Category Low Category High FPACX % Rank
Net Assets 12.5 B 9.98 K 203 B 7.44%
Number of Holdings 148 2 14931 43.70%
Net Assets in Top 10 2.4 B -9.34 M 36.6 B 19.20%
Weighting of Top 10 28.99% 7.9% 100.0% 58.32%

Top 10 Holdings

  1. Other Common Stock (Long) 3.37%
  2. Other Common Stock (Long) 3.37%
  3. Other Common Stock (Long) 3.37%
  4. Other Common Stock (Long) 3.37%
  5. Other Common Stock (Long) 3.37%
  6. Other Common Stock (Long) 3.37%
  7. Other Common Stock (Long) 3.37%
  8. Other Common Stock (Long) 3.37%
  9. Comcast Corp Class A 3.33%
  10. Other Common Stock (Short) 3.06%

Asset Allocation

Weighting Return Low Return High FPACX % Rank
Stocks 		68.78% 0.00% 130.38% 10.89%
Cash 		23.47% -53.51% 81.21% 3.30%
Bonds 		4.93% -0.38% 121.14% 97.13%
Other 		2.67% -4.33% 73.51% 12.61%
Preferred Stocks 		0.15% 0.00% 24.34% 43.12%
Convertible Bonds 		0.00% 0.00% 26.60% 90.54%

Stock Sector Breakdown

Weighting Return Low Return High FPACX % Rank
Communication Services 		28.76% 0.00% 30.83% 0.43%
Financial Services 		22.45% 0.00% 100.00% 8.17%
Technology 		16.82% 0.00% 50.38% 74.79%
Basic Materials 		10.60% 0.00% 21.94% 1.43%
Industrials 		9.27% 0.00% 33.15% 69.48%
Consumer Cyclical 		7.27% 0.00% 24.11% 80.80%
Utilities 		1.95% 0.00% 100.00% 76.07%
Energy 		1.92% 0.00% 69.89% 77.36%
Healthcare 		0.96% 0.00% 38.48% 97.56%
Real Estate 		0.00% 0.00% 99.16% 94.84%
Consumer Defense 		0.00% 0.00% 17.16% 97.71%

Stock Geographic Breakdown

Weighting Return Low Return High FPACX % Rank
US 		45.14% 0.00% 96.26% 63.90%
Non US 		23.64% 0.00% 69.93% 8.88%

Bond Sector Breakdown

Weighting Return Low Return High FPACX % Rank
Cash & Equivalents 		81.32% 0.04% 100.00% 2.72%
Corporate 		10.19% 0.00% 98.59% 95.27%
Government 		8.49% 0.00% 97.87% 89.83%
Derivative 		0.00% 0.00% 33.42% 37.68%
Securitized 		0.00% 0.00% 85.21% 90.69%
Municipal 		0.00% 0.00% 24.11% 68.05%

Bond Geographic Breakdown

Weighting Return Low Return High FPACX % Rank
US 		4.12% -0.38% 70.02% 97.28%
Non US 		0.81% -9.41% 97.27% 87.82%

FPACX - Expenses

Operational Fees

FPACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.15% 0.01% 14.81% 29.88%
Management Fee 1.00% 0.00% 2.00% 95.60%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.07% 0.01% 0.83% 34.62%

Sales Fees

FPACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FPACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 5.88%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FPACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 29.00% 0.00% 484.00% 36.02%

FPACX - Distributions

Dividend Yield Analysis

FPACX Category Low Category High FPACX % Rank
Dividend Yield 0.00% 0.00% 7.14% 2.70%

Dividend Distribution Analysis

FPACX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Monthly Quarterly

Net Income Ratio Analysis

FPACX Category Low Category High FPACX % Rank
Net Income Ratio 0.56% -1.95% 11.02% 90.06%

Capital Gain Distribution Analysis

FPACX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Daily Annually

Dividend Payout History

View More +

FPACX - Fund Manager Analysis

Managers

Steven Romick

Start Date

Tenure

Tenure Rank

Jun 02, 1993

27.93

27.9%

Steven Romick, CFA, Managing Partner, joined FPA in 1996. Steven serves as Portfolio Manager for the FPA Contrarian Value Strategy, the FPA Contrarian Value Equity Strategy, Source Capital, Inc., and Co-Portfolio Manager for the FPA Multi-Advisor Strategy. Prior to joining FPA, Steven was Chairman of Crescent Management and a consulting security analyst for Kaplan, Nathan & Co. Steven earned a Bachelor's degree in Education from Northwestern University.

Mark Landecker

Start Date

Tenure

Tenure Rank

Jun 02, 2013

7.92

7.9%

Mark Landecker, CFA, Partner, joined FPA in 2009. Mark serves as Portfolio Manager for the FPA Contrarian Value Strategy, the FPA Contrarian Value Equity Strategy, and Source Capital, Inc. Prior to joining FPA, Mark served as Portfolio Manager at both Kinney Asset Management and Arrow Investments, Inc., and as associate at TD Capital and PricewaterhouseCoopers. Mark earned a BBA (with honors) from the Schulich School of Business, York University, Toronto, Canada.

Brian Selmo

Start Date

Tenure

Tenure Rank

Jun 02, 2013

7.92

7.9%

Brian A. Selmo, CFA, Partner, joined FPA in 2008. Brian serves as Portfolio Manager and Director of Research for the FPA Contrarian Value Strategy, the FPA Contrarian Value Equity Strategy, and Source Capital, Inc. Prior to joining FPA, Brian was founder and managing member of Eagle Lake Capital, LLC, and Portfolio Manager of its predecessor. Previously, he was an analyst at Third Avenue Management and Rothschild, Inc. Brian earned a Bachelor's degree in Economics (with honors) from The Johns Hopkins University, where he graduated Phi Beta Kappa.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 37.36 6.09 1.33

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