C000013256 Performance — FPA Queens Road Value Fund, Queens Road Value Fund
Data updated: 2023-08-08
C000013256 returned +0.66% over one year to May 2023. The annualised 3-year return is +13.71%. Against its US Small Value category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $147, against $152 for the category, and to $101 over one year, against $94. Volatility over the past three years was 16.70% a year. In the 12 months to May 2023 the fund lost a net $1.9M, and assets reached $31.73M.
C000013256 Growth of $100
What $100 invested in FPA Queens Road Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | C000013256 | Category average |
|---|---|---|
| 1 year (Jun 2022 – May 2023) | $101 | $94 |
| 3 years (Jun 2020 – May 2023) | $147 | $152 |
| Since data start (Mar 2020 – May 2023) | $148 | $139 |
C000013256 Trailing Returns
Total returns to May 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +0.66% |
| 3 years (annualised) | +13.71% |
C000013256 Annual Returns
Calendar-year total returns of FPA Queens Road Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–May) | −0.87% |
| 2022 | −8.86% |
| 2021 | +37.66% |
| 2020 (Mar–Dec) | +19.12% |
C000013256 Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +3.4% | −1.3% | −0.8% | +0.5% | −2.6% | — | — | — | — | — | — | — |
| 2022 | −4.4% | −2.2% | +2.3% | −6.9% | +0.7% | −7.3% | +6.6% | −3.3% | −7.7% | +12.8% | +5.9% | −3.7% |
| 2021 | −1.6% | +4.0% | +7.8% | +3.9% | +2.3% | −0.5% | +3.1% | +2.4% | +3.1% | +5.2% | −3.0% | +6.1% |
| 2020 | — | — | −11.8% | +9.8% | +4.1% | −0.8% | +4.2% | +3.2% | −1.5% | −2.1% | +12.2% | +2.4% |
C000013256 Risk
Risk measures from monthly returns over Jun 2020 – May 2023.
- 3-year volatility (annualised): 16.70%
- 3-year Sharpe ratio: 0.55 (vs 4.5% risk-free rate)
- Best month: +12.78% (Oct 2022)
- Worst month: −7.68% (Sep 2022)
C000013256 Fund Flows
Monthly money in and out of FPA Queens Road Value Fund, from SEC Form N-PORT.
- 12-month net flow: −$1.9M
- 12-month gross sales (incl. reinvestments): $1.9M
- Sales ÷ redemptions: 0.50×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2023 | $7K | $160K | −$153K |
| Apr 2023 | $45K | $173K | −$128K |
| Mar 2023 | $69K | $112K | −$43K |
| Feb 2023 | $9K | $77K | −$68K |
| Jan 2023 | $15K | $152K | −$136K |
| Dec 2022 | $899K | $1.2M | −$319K |
| Nov 2022 | $143K | $559K | −$416K |
| Oct 2022 | $115K | $328K | −$213K |
| Sep 2022 | $545K | $299K | $246K |
| Aug 2022 | $7K | $280K | −$273K |
| Jul 2022 | $13K | $210K | −$197K |
| Jun 2022 | $54K | $263K | −$209K |
C000013256 Assets Under Management
Net assets of FPA Queens Road Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-05-31 | $31.73M |
| 2023-02-28 | $32.97M |
| 2022-11-30 | $35.04M |
| 2022-08-31 | $32.13M |
| 2022-05-31 | $34.31M |
| 2022-02-28 | $36.63M |
| 2021-11-30 | $39.84M |
| 2021-08-31 | $42.42M |
| 2021-05-31 | $41.94M |
| 2021-02-28 | $37.67M |
| 2020-11-30 | $38.61M |
| 2020-08-31 | $36.30M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.