FPA Queens Road Small Cap Value Fund Institutional Class · NASDAQ:QRSIX
FPA Queens Road Small Cap Value Fund Institutional Class — FPA Crescent Fund — Q3 2025 Earnings Presentation
8 slides from FPA Queens Road Small Cap Value Fund Institutional Class's earnings presentation, Oct 29, 2025
Slide 1: FPA Crescent Fund (FPACX) Third Quarter 2025 Webcast Q&A
L P rs , is o d v c A FPA Crescent if i Fund (FPACX) a c P Third Quarter 2025 Webcast Q&A t Presented by: Steven Romick, Mark Landecker, Brian Selmo r s October 29, 2025 F i Follow us on:
Slide 2: Performance
Performance Trailing Performance (%) L P Market Cycle , Since 30 Yr 20 Yr 15 Yr 10 Yr 5 Yr 3 Yr 1 Yr YTD QTD 3/25/00- 10/10/07- 1/4/22- rs As of September 30, 2025 Inception* 10/9/07 1/3/22 9/30/25 FPA Crescent Fund (FPACX) 10.20 9.77 8.35 9.34 9.81 14.09 19.26 15.32 14.13 5.54 14.70 7.65 9.71 o MSC
Slide 3: Q&A
L P rs , is o d v c A Q&A if i ac t P F irs
Slide 4: Appendix
L P rs , is o d v c A Appendix if i ac t P F irs 4
Slide 5: Fund holdings as of September 30, 2025
Fund holdings as of September 30, 2025 P Communication Services 12.2 Health Care 4.7 Real Estate 1.0 L Alphabet 5.5 Eurofins Scientific 1.0 Douglas Emmett 0.5 Meta Platforms 2.9 Becton Dickinson and Co. 0.9 Vornado Realty Trust 0.5 , Comcast 1.9 ICON 0.9 rs Charter Communications 0.9 Bio-Rad Laborat
Slide 6: Important disclosures
Important disclosures L P These slides are intended as supplemental material to the Third Quarter 2025 FPA Crescent Fund audio presentation and transcript that are posted on FPA's website at fpa.com. , Holdings related data may be preliminary, is subject to change, and may differ from the Fund’s hol
Slide 7: Important disclosures (continued)
Important disclosures (continued) L P NO INVESTMENT DECISIONS SHOULD BE BASED IN ANY MANNER ON THE INFORMATION AND OPINIONS SET FORTH IN THIS PRESENTATION. YOU SHOULD VERIFY ALL CLAIMS, DO YOUR OWN DUE DILIGENCE AND/OR SEEK ADVICE FROM YOUR OWN PROFESSIONAL ADVISOR(S) AND CONSIDER THE INVESTMENT OBJ
Slide 8: Index / Benchmark / Category Definitions
Important disclosures (continued) Index / Benchmark / Category Definitions L P , Index returns are provided for comparison purposes only. Indices are unmanaged and index returns do not reflect transactions costs (e.g., commissions), investment management fees or other fees and expenses that would re