About FPACX
FPA Crescent Fund Institutional Shares is a diversified mutual fund designed to achieve equity-like returns over the long term while aiming to take less risk than traditional equity markets and avoid permanent capital impairment. Managed by First Pacific Advisors, LLC, the fund employs a flexible allocation approach, investing across both equity and debt securities to broaden investment opportunities and enhance portfolio diversification. Its holdings span multiple sectors—including technology, communication services, financial services, basic materials, and government securities—reflecting its global, multi-asset strategy. The fund strategically allocates the majority of assets to equities, complemented by meaningful positions in fixed income, cash, and cash equivalents to help lower overall volatility. The portfolio is managed using fundamental analysis, with an emphasis on value investing, and benchmarks its performance against indices such as the S&P 500 and the MSCI All Country World Index. Established in 1993, the fund plays a significant role in the market as a flexible, risk-conscious allocation option for institutional investors seeking a blend of growth potential and capital preservation.
Fund Family FPA
Category Flexible Portfolio
Performance Rating High
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol FPACX
Share Class Institutional Class
Index S&P 500 TR
FPACX had a total return of 15.87% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.69%.
