FPA Queens Road Small Cap Value Fund
Data updated: 2023-08-08
C000013255 — FPA Queens Road Small Cap Value Fund. United States Small Cap Value Equity · $484.07M AUM. Holdings, fees, performance and SEC filings.
C000013255 Fund Overview
FPA Queens Road Small Cap Value Fund is a US mutual fund managed by Bragg Capital Trust, categorised as United States Small Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Bragg Capital Trust
- Category: United States Small Cap Value Equity
- Assets under management: $484.07M
- SEC CIK: 0001170611
- SEC series ID: S000004901
- Share class ID: C000013255
C000013255 Investment Objective and Strategy
FPA Queens Road Small Cap Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Bragg Capital Trust.
Investment objective
The Fund seeks long-term capital growth.
Principal investment strategy
The Fund seeks to achieve its investment objective by investing primarily in the equity securities (common stocks, preferred stocks and convertible securities) of small capitalization U.S. companies. The Fund defines a small capitalization (small cap) company as one whose market capitalization, at the time of purchase, is $4 billion or less. Under normal circumstances, the Fund will invest at least 80% of its assets (for the purpose of this requirement, net assets includes net assets plus any borrowings for investment purposes) in equity securities of companies with small market capitalization. The Funds investment advisor, Bragg Financial Advisors, Inc., invests the Funds assets by pursuing a value-oriented strategy. The advisors strategy begins with a screening process that seeks to identify small cap companies whose stocks sell at discounted price-to-earnings (P/E) and price-to-cash flow (P/CF) multiples.
The advisor favors companies that maintain strong balance sheets and have experienced management. Generally, the investment advisor attempts to identify situations where stock prices are undervalued by the market. The advisor sells securities when it believes they are trading for more than their intrinsic value, to generate tax losses to offset taxable gains, or if additional cash is needed to fund redemptions.
C000013255 Costs and Fees
C000013255 costs about $104 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.04%
- Gross expense ratio: 1.16%
- Portfolio turnover: 10%
- Brokerage commissions: 0.71 bps of average net assets (SEC N-CEN)
C000013255 Cashflows
Over the 12 months to 2023-05, FPA Queens Road Small Cap Value Fund had net inflows of $13.89M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-05 | −$1.18M |
| 2023-04 | −$387.13K |
| 2023-03 | −$6.38M |
| 2023-02 | −$6.65M |
| 2023-01 | $4.55M |
| 2022-12 | $15.54M |
C000013255 Debt Constituents
No individual debt constituents are reported in FPA Queens Road Small Cap Value Fund's latest SEC N-PORT filing.
C000013255 Prospectus and SEC Filings
Official FPA Queens Road Small Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-09-28
- Prospectus (485BPOS) — filed 2021-09-28
- Prospectus supplement (497) — filed 2023-03-17
- Portfolio holdings (N-PORT) — filed 2023-07-27
- Portfolio holdings (N-PORT) — filed 2023-04-28
- Portfolio holdings (N-PORT) — filed 2023-01-27
- Annual census (N-CEN) — filed 2023-08-08
- Annual census (N-CEN) — filed 2022-08-08
Related Funds
Other United States Small Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.