FPA Crescent Fund (FPACX)
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.
Fund Info
| ISIN | US30254T7596 |
|---|---|
| CUSIP | 30254T759 |
| Issuer | FPA |
| Inception Date | Jun 1, 1993 |
| Category | Diversified Portfolio |
| Min. Investment | $1,500 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
FPACX has a high expense ratio of 1.00%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FPACX vs. CMNIX, FPACX vs. GRSPX, FPACX vs. VOLMX, FPACX vs. VGSTX, FPACX vs. VHT, FPACX vs. VTSAX, FPACX vs. VFINX, FPACX vs. FPURX, FPACX vs. FDVV, FPACX vs. DODBX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in FPA Crescent Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
FPA Crescent Fund had a return of 12.97% year-to-date (YTD) and 17.09% in the last 12 months. Over the past 10 years, FPA Crescent Fund had an annualized return of 3.13%, while the S&P 500 had an annualized return of 11.39%, indicating that FPA Crescent Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 12.97% | 25.45% |
| 1 month | 1.44% | 2.91% |
| 6 months | 4.85% | 14.05% |
| 1 year | 17.09% | 35.64% |
| 5 years (annualized) | 5.82% | 14.13% |
| 10 years (annualized) | 3.13% | 11.39% |
Monthly Returns
The table below presents the monthly returns of FPACX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.41% | 2.40% | 3.02% | -2.00% | 3.97% | -0.91% | 1.99% | 0.38% | 1.29% | -0.12% | 12.97% | ||
| 2023 | 7.02% | -1.96% | 0.80% | 1.42% | -0.28% | 4.09% | 3.35% | -1.91% | -1.84% | -2.60% | 6.21% | 1.23% | 16.01% |
| 2022 | -1.40% | -1.59% | -0.11% | -5.97% | 2.28% | -6.41% | 4.90% | -2.78% | -6.56% | 4.62% | 6.78% | -2.94% | -9.87% |
| 2021 | -0.19% | 7.19% | 2.60% | 3.67% | 1.00% | -3.48% | 0.08% | 2.22% | -2.49% | 2.75% | -3.24% | -5.80% | 3.63% |
| 2020 | -0.50% | -4.55% | -16.31% | 7.14% | 3.68% | 0.76% | 2.73% | 3.93% | -2.78% | 0.26% | 11.92% | 2.98% | 6.71% |
| 2019 | 7.92% | 2.26% | 0.40% | 4.46% | -6.11% | 4.08% | 0.66% | -3.05% | 1.64% | 0.67% | 2.75% | 1.08% | 17.28% |
| 2018 | 3.37% | -1.65% | -2.61% | 0.29% | -0.14% | 0.17% | 3.40% | 0.00% | 0.14% | -5.27% | 0.56% | -12.55% | -14.32% |
| 2017 | 1.20% | 2.82% | -0.65% | 1.07% | 0.65% | 0.12% | 0.38% | -0.73% | 1.32% | 1.91% | -0.23% | -0.61% | 7.41% |
| 2016 | -5.05% | -0.17% | 5.30% | 1.87% | 0.25% | -1.71% | 2.41% | 2.20% | -0.15% | -0.49% | 3.80% | -2.09% | 5.89% |
| 2015 | -1.93% | 3.66% | -1.49% | 1.21% | 0.20% | -1.55% | 0.12% | -3.47% | -1.51% | 4.25% | 0.48% | -6.79% | -7.07% |
| 2014 | -1.52% | 2.74% | 0.84% | -0.18% | 1.79% | 1.32% | -0.73% | 0.97% | -1.45% | 0.65% | 2.05% | -3.07% | 3.29% |
| 2013 | 0.27% | 0.75% | 2.17% | 1.52% | 2.28% | -0.86% | 2.97% | -1.19% | 2.00% | 2.74% | 1.76% | -1.73% | 13.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FPACX is 42, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for FPA Crescent Fund (FPACX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
FPA Crescent Fund provided a 1.27% dividend yield over the last twelve months, with an annual payout of $0.55 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.05 | $0.02 | $0.29 | $0.11 | $0.80 | $0.21 | $0.34 | $0.29 | $0.31 | $0.31 | $0.21 |
Dividend yield | 1.27% | 0.12% | 0.05% | 0.78% | 0.30% | 2.36% | 0.71% | 0.98% | 0.89% | 1.00% | 0.92% | 0.64% |
Monthly Dividends
The table displays the monthly dividend distributions for FPA Crescent Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.29 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.80 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.21 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.34 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.31 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.31 |
| 2013 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.21 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the FPA Crescent Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the FPA Crescent Fund was 35.01%, occurring on Nov 20, 2008. Recovery took 532 trading sessions.
The current FPA Crescent Fund drawdown is 0.62%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.01% | Jun 5, 2007 | 370 | Nov 20, 2008 | 532 | Jan 3, 2011 | 902 |
| -30.27% | Jan 29, 2018 | 541 | Mar 23, 2020 | 172 | Nov 24, 2020 | 713 |
| -25.55% | Nov 15, 2021 | 221 | Sep 30, 2022 | 404 | May 10, 2024 | 625 |
| -24.89% | May 14, 1998 | 465 | Feb 25, 2000 | 305 | May 14, 2001 | 770 |
| -18.37% | Dec 8, 2014 | 297 | Feb 11, 2016 | 264 | Mar 1, 2017 | 561 |
Volatility
Volatility Chart
The current FPA Crescent Fund volatility is 2.38%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.