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
US30254T7596
30254T759
Jun 1, 1993
$1,500
Large-Cap
Value
Expense Ratio
FPACX has a high expense ratio of 1.00%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
FPA Crescent Fund (FPACX) returned 4.30% year-to-date (YTD) and 10.72% over the past 12 months. Over the past 10 years, FPACX returned 8.03% annually, underperforming the S&P 500 benchmark at 10.84%.
FPACX
4.30%
4.46%
3.26%
10.72%
11.34%
13.45%
8.03%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.91% | 0.12% | -3.14% | 0.07% | 4.43% | 4.30% | |||||||
| 2024 | 0.41% | 2.40% | 3.02% | -2.00% | 3.96% | 0.77% | 1.99% | 0.38% | 1.29% | -0.12% | 2.46% | -1.27% | 13.96% |
| 2023 | 7.02% | -1.96% | 0.80% | 1.42% | -0.28% | 4.09% | 3.35% | -1.91% | -1.84% | -2.60% | 6.21% | 3.96% | 19.14% |
| 2022 | -1.40% | -1.59% | -0.11% | -5.97% | 2.28% | -5.72% | 4.90% | -2.78% | -6.56% | 4.62% | 6.78% | -2.94% | -9.20% |
| 2021 | -0.19% | 7.19% | 2.60% | 3.67% | 1.00% | -1.39% | 0.08% | 2.22% | -2.49% | 2.75% | -3.24% | 2.40% | 15.09% |
| 2020 | -0.50% | -4.55% | -16.31% | 7.14% | 3.68% | 3.57% | 2.73% | 3.93% | -2.78% | 0.26% | 11.92% | 5.29% | 12.14% |
| 2019 | 7.92% | 2.26% | 0.40% | 4.46% | -6.11% | 5.37% | 0.66% | -3.05% | 1.64% | 0.67% | 2.75% | 2.18% | 20.03% |
| 2018 | 3.37% | -1.65% | -2.61% | 0.29% | -0.15% | 0.17% | 4.00% | 0.00% | 0.14% | -5.27% | 0.56% | -6.06% | -7.42% |
| 2017 | 1.20% | 2.82% | -0.65% | 1.07% | 0.65% | 0.12% | 1.31% | -0.73% | 1.32% | 1.91% | -0.23% | 1.20% | 10.38% |
| 2016 | -5.05% | -0.17% | 5.30% | 1.87% | 0.25% | -1.71% | 3.19% | 2.20% | -0.15% | -0.49% | 3.80% | 1.20% | 10.27% |
| 2015 | -1.93% | 3.66% | -1.49% | 1.21% | 0.20% | -1.55% | 0.21% | -3.47% | -1.51% | 4.25% | 0.48% | -1.83% | -2.04% |
| 2014 | -1.52% | 2.74% | 0.84% | -0.18% | 1.79% | 1.32% | -0.47% | 0.97% | -1.45% | 0.65% | 2.05% | -0.17% | 6.66% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FPACX is 72, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
FPA Crescent Fund provided a 8.93% dividend yield over the last twelve months, with an annual payout of $3.74 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.74 | $3.74 | $1.44 | $0.26 | $4.30 | $1.72 | $1.57 | $2.62 | $1.29 | $1.63 | $1.97 | $1.41 |
Dividend yield | 8.93% | 9.31% | 3.72% | 0.77% | 11.62% | 4.80% | 4.65% | 8.87% | 3.70% | 4.98% | 6.34% | 4.18% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.24 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.50 | $3.74 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.03 | $1.44 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.22 | $4.30 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.93 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.80 | $1.72 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.96 | $1.57 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.00 | $0.00 | $2.41 | $2.62 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 | $1.29 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.00 | $1.39 | $1.63 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.00 | $1.84 | $1.97 |
| 2014 | $0.29 | $0.00 | $0.00 | $0.00 | $0.00 | $1.12 | $1.41 |
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.
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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 31.59%, occurring on Nov 20, 2008. Recovery took 341 trading sessions.
The current FPA Crescent Fund drawdown is 0.40%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.59% | Jun 6, 2008 | 117 | Nov 20, 2008 | 341 | Apr 1, 2010 | 458 |
| -29.46% | Feb 13, 2020 | 27 | Mar 23, 2020 | 161 | Nov 9, 2020 | 188 |
| -24.89% | May 14, 1998 | 465 | Feb 25, 2000 | 305 | May 14, 2001 | 770 |
| -18.47% | Nov 15, 2021 | 221 | Sep 30, 2022 | 195 | Jul 13, 2023 | 416 |
| -15.08% | Apr 18, 2002 | 121 | Oct 9, 2002 | 146 | May 9, 2003 | 267 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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