FPA Crescent
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
-5.4%
1 yr return
-6.6%
3 Yr Avg Return
10.0%
5 Yr Avg Return
7.0%
Net Assets
$9.41 B
Holdings in Top 10
27.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.13%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 20.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,500
IRA
$100
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
Allocation--70% to 85% Equity
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
FPACX - Profile
Distributions
- YTD Total Return -5.4%
- 3 Yr Annualized Total Return 10.0%
- 5 Yr Annualized Total Return 7.0%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 0.01%
- Dividend Yield 0.1%
- Dividend Distribution Frequency Semi-Annually
Fund Details
-
Legal NameFPA Crescent Fund
-
Fund Family NameFPA
-
Inception DateJun 02, 1993
-
Shares OutstandingN/A
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerSteven 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 | -5.4% | -26.3% | 26.0% | 11.56% |
1 Yr | -6.6% | -15.2% | 45.2% | 54.55% |
3 Yr | 10.0%* | 2.9% | 15.9% | 38.76% |
5 Yr | 7.0%* | 0.4% | 11.4% | 66.55% |
10 Yr | 8.5%* | 1.7% | 12.8% | 66.91% |
* Annualized
Return Ranking - Calendar
Period | FPACX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2021 | 2.9% | -19.1% | 25.4% | 83.44% |
2020 | 6.3% | -21.0% | 25.4% | 56.21% |
2019 | 14.6% | -19.3% | 27.9% | 50.71% |
2018 | -14.9% | -27.2% | 16.6% | 59.19% |
2017 | 6.4% | -4.4% | 18.0% | 81.10% |
Total Return Ranking - Trailing
Period | FPACX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -5.4% | -26.3% | 26.0% | 10.31% |
1 Yr | -6.6% | -16.2% | 60.7% | 51.16% |
3 Yr | 10.0%* | -3.1% | 22.3% | 32.14% |
5 Yr | 7.0%* | 0.0% | 16.5% | 61.64% |
10 Yr | 8.5%* | 1.5% | 12.8% | 61.05% |
* Annualized
Total Return Ranking - Calendar
Period | FPACX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2021 | 2.9% | -19.1% | 25.4% | 83.44% |
2020 | 6.3% | -21.0% | 25.4% | 56.21% |
2019 | 14.6% | -19.3% | 27.9% | 50.35% |
2018 | -14.4% | -27.2% | 16.6% | 79.04% |
2017 | 10.4% | -4.4% | 22.8% | 83.07% |
NAV & Total Return History
FPACX - Holdings
Concentration Analysis
FPACX | Category Low | Category High | FPACX % Rank | |
---|---|---|---|---|
Net Assets | 9.41 B | 963 K | 126 B | 15.17% |
Number of Holdings | 214 | 4 | 7731 | 19.83% |
Net Assets in Top 10 | 2.75 B | 2.04 K | 28.9 B | 18.39% |
Weighting of Top 10 | 27.64% | 11.0% | 100.0% | 77.02% |
Top 10 Holdings
- Other Common Stock (Long) 3.37%
- Other Common Stock (Long) 3.37%
- Other Common Stock (Long) 3.37%
- Other Common Stock (Long) 3.37%
- Other Common Stock (Long) 3.37%
- Other Common Stock (Long) 3.37%
- Other Common Stock (Long) 3.37%
- Other Common Stock (Long) 3.37%
- Other Common Stock (Long) 3.37%
- Other Common Stock (Long) 3.37%
Asset Allocation
Weighting | Return Low | Return High | FPACX % Rank | |
---|---|---|---|---|
Stocks | 69.88% | 0.19% | 99.72% | 78.45% |
Cash | 25.49% | -7.71% | 88.33% | 0.57% |
Other | 3.22% | -2.66% | 17.60% | 11.78% |
Bonds | 0.89% | 0.00% | 91.12% | 94.54% |
Convertible Bonds | 0.38% | 0.00% | 26.48% | 45.40% |
Preferred Stocks | 0.14% | 0.00% | 26.97% | 48.85% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FPACX % Rank | |
---|---|---|---|---|
Communication Services | 26.62% | 0.00% | 26.62% | 0.29% |
Financial Services | 24.48% | 0.01% | 52.80% | 5.75% |
Technology | 16.74% | 0.00% | 52.93% | 66.38% |
Basic Materials | 11.49% | 0.00% | 44.18% | 2.87% |
Consumer Cyclical | 8.61% | 0.00% | 22.75% | 72.99% |
Industrials | 5.44% | 0.02% | 51.90% | 96.26% |
Utilities | 2.45% | 0.00% | 31.67% | 65.80% |
Energy | 2.10% | 0.00% | 39.46% | 95.69% |
Consumer Defense | 2.07% | 0.00% | 27.24% | 93.97% |
Real Estate | 0.00% | 0.00% | 33.86% | 96.55% |
Healthcare | 0.00% | 0.00% | 36.30% | 98.85% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FPACX % Rank | |
---|---|---|---|---|
US | 50.10% | 0.19% | 96.85% | 77.30% |
Non US | 19.78% | 0.00% | 38.11% | 48.85% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FPACX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 94.55% | 0.00% | 100.00% | 3.16% |
Corporate | 3.31% | 0.00% | 100.00% | 94.54% |
Government | 2.14% | 0.00% | 100.00% | 81.03% |
Derivative | 0.00% | 0.00% | 38.84% | 75.00% |
Securitized | 0.00% | 0.00% | 37.97% | 88.79% |
Municipal | 0.00% | 0.00% | 19.77% | 77.30% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FPACX % Rank | |
---|---|---|---|---|
US | 0.89% | 0.00% | 91.12% | 93.97% |
Non US | 0.00% | 0.00% | 18.39% | 93.97% |
FPACX - Expenses
Operational Fees
FPACX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.13% | 0.11% | 3.15% | 34.57% |
Management Fee | 1.00% | 0.00% | 1.25% | 97.52% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.07% | 0.01% | 0.28% | 65.91% |
Sales Fees
FPACX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 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 | N/A | 0.00% | 2.00% | 15.38% |
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 | 20.00% | 4.00% | 398.00% | 35.33% |
FPACX - Distributions
Dividend Yield Analysis
FPACX | Category Low | Category High | FPACX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.10% | 0.00% | 11.43% | 73.58% |
Dividend Distribution Analysis
FPACX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Semi-Annually | Annually | Monthly | Monthly |
Net Income Ratio Analysis
FPACX | Category Low | Category High | FPACX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.01% | -1.12% | 6.07% | 94.89% |
Capital Gain Distribution Analysis
FPACX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually |
Dividend Payout History
Date | Amount | Type |
---|---|---|
Dec 18, 2019 | $0.958 | OrdinaryDividend |
Jul 02, 2013 | $0.130 | OrdinaryDividend |
Jul 03, 2012 | $0.120 | OrdinaryDividend |
Dec 21, 2011 | $0.100 | OrdinaryDividend |
Jul 07, 2011 | $0.210 | OrdinaryDividend |
Dec 17, 2010 | $0.150 | OrdinaryDividend |
Jul 07, 2010 | $0.170 | OrdinaryDividend |
Dec 18, 2009 | $0.135 | OrdinaryDividend |
Jul 07, 2009 | $0.170 | OrdinaryDividend |
Dec 19, 2008 | $0.160 | OrdinaryDividend |
Jul 07, 2008 | $0.210 | OrdinaryDividend |
Dec 21, 2007 | $0.250 | OrdinaryDividend |
Jul 06, 2007 | $0.500 | OrdinaryDividend |
Dec 22, 2006 | $0.250 | OrdinaryDividend |
Jul 07, 2006 | $0.280 | OrdinaryDividend |
Dec 23, 2005 | $0.180 | OrdinaryDividend |
Jul 07, 2005 | $0.150 | OrdinaryDividend |
Dec 23, 2004 | $0.060 | OrdinaryDividend |
Jul 07, 2004 | $0.020 | OrdinaryDividend |
Dec 29, 2003 | $0.080 | OrdinaryDividend |
Jul 09, 2003 | $0.070 | OrdinaryDividend |
Dec 27, 2002 | $0.240 | OrdinaryDividend |
FPACX - Fund Manager Analysis
Managers
Steven Romick
Start Date
Tenure
Tenure Rank
Jun 02, 1993
29.01
29.0%
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
9.0
9.0%
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
9.0
9.0%
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 |
---|---|---|---|
0.08 | 41.44 | 7.47 | 2.41 |