FPA Queens Road Small Cap Value Fund Institutional Class · NASDAQ:QRSIX
FPA Queens Road Small Cap Value Fund Institutional Class — FPA Crescent Fund — Investor Presentation (May 2023)
9 slides from FPA Queens Road Small Cap Value Fund Institutional Class's investor presentation, May 2, 2023
Slide 1: FPA Crescent Fund First Quarter 2023 Webcast Presentation
L P rs , i so d v c FPA Crescent Fund (FPACX)A i f i a c First Quarter 2023 Webcast Presentation P Presented by: Steven Romick, Mark Landecker, Brian Selmo t s May 2, 2023 F i r Follow us on:
Slide 2: Performance
Performance Trailing Performance (%) Market Cycle Performance As of Date: 3/31/2023 Inception* 20 Years 15 Years 10 Years 5 Years 3 Years 1 Year YTD QTD 10/9/07 L P 3/25/00- 10/10/07- 1/3/22 1/4/22- 3/31/23 FPA Crescent Fund (FPACX) MSCI ACWI NR** S&P 500 60% MSCI ACWI NR**/40% BBg US Agg 9.65 - 9.7
Slide 3: Q&A
L P rs , i so dv Q&A c A i f i a c t P i r s F 3
Slide 4: Appendix
L P rs , i so dv Appendix c A i f i a c t P i r s F 4
Slide 5: Fund holdings as of March 31, 2023
Fund holdings as of March 31, 2023 P Communication Services 14.7% Health Care 0.6% Common Stocks – SPACs 0.3% Alphabet 4.9% Icon PLC 0.6% SPACs (multiple securities) 0.3% L Comcast 3.0% Meta Platforms 2.2% Industrials 7.7% Credit – Long 0.9% , Charter Communications 1.6% Safran 1.6% McDermott Intern
Slide 6: Supplemental material disclosures
Important disclosures These slides are intended as supplemental material to the First Quarter 2023 FPA Crescent Fund audio presentation and transcript that are posted on FPA's website at www.fpa.com. L P This presentation is for informational and discussion purposes only and does not constitute, and
Slide 7: (continued)
Important disclosures (continued) 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 website at www.fpa.com, by calling toll-free, 1-800-982-4372, or by contacting the Fund in writing. Pas
Slide 8: (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 P acquisitions, the value of their securities is particularly dependent on the ability of
Slide 9: (continued)
Important disclosures (continued) Bloomberg (BBg) US Aggregate Bond Index provides a measure of the performance of the US investment grade bonds market, which includes investment grade U.S. Government P bonds, investment grade corporate bonds, mortgage pass-through securities and asset-backed securi