FPA Queens Road Small Cap Value Fund Institutional Class · NASDAQ:QRSIX
FPA Queens Road Small Cap Value Fund Institutional Class — FPA Crescent Fund — Q3 2023 Earnings Presentation
10 slides from FPA Queens Road Small Cap Value Fund Institutional Class's earnings presentation, Oct 25, 2023
Slide 1: FPA Crescent Fund Third Quarter 2023 Webcast Q&A
L P rs, is o d v c A f FPA Crescent i i Fund (FPACX) a c Third Quarter 2023 Webcast Q&A t P Presented by: Steven Romick, Mark Landecker, Brian Selmo October 25, 2023 Fri s Follow us on:
Slide 2: Save the Date
SAVE THE DATE L P rs, is o d v c A i f i a c t P F i rs Formal Invitations to be sent out next week.
Slide 3: Performance
Performance Market Cycle P Trailing Performance (%) Performance L 3/25/00- 10/10/07- 1/4/22- As of Date: 9/30/2023 Inception* 30 Years 20 Years 15 Years 10 Years 5 Years 3 Years 1 Year YTD QTD 10/9/07 1/3/22 9/30/23 FPA Crescent Fund (FPACX) MSCI ACWI** S&P 500 60% MSCI ACWI **/40% BBg US Agg 9.69 -
Slide 4: Q&A
L P rs, is o d v Q&A c A i f i ac t P F i rs
Slide 5: Appendix
L P rs, is o d v Appendix c A i f i ac t P F i rs 5
Slide 6: Fund holdings as of September 30, 2023
Fund holdings as of September 30, 2023 P Communication Services 14.9% Health Care 0.6% Common Stocks – SPACs 0.0% Alphabet 5.3% Icon PLC 0.6% SPACs (multiple securities) 0.0% L Comcast 3.4% Meta Platforms 2.7% Industrials 7.4% Credit – Long 1.38% , Charter Communications 1.9% Safran 1.5% McDermott I
Slide 7: Disclosures
Important disclosures P These slides are intended as supplemental material to the Third Quarter 2023 FPA Crescent Fund audio presentation and transcript that are posted on FPA's website at www.fpa.com. , L This presentation is for informational and discussion purposes only and does not constitute, a
Slide 8: Disclosures (continued)
Important disclosures (continued) P You should consider the Fund's investment objectives, risks, and charges and expenses carefully before you invest. The Prospectus details the Fund's objective and policies and other matters of interest to a prospective investor. Please read the Prospectus carefull
Slide 9: SPAC risk disclosures (continued)
Important disclosures (continued) Investing in Special Purpose Acquisition Companies (“SPACS”) involves risks. Because SPACs and similar entities have no operating history or ongoing business other than seeking L P acquisitions, the value of their securities is particularly dependent on the ability
Slide 10: Other Definitions (continued)
Important disclosures (continued) P Other Definitions Market Cycles, also known as stock market cycles, is a wide term referring to trends or patterns that emerge during different markets or business environments. , L ©2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1)