C000223710 Performance — FPA Queens Road Small Cap Value Fund, Advisor Class
Data updated: 2023-08-08
C000223710 returned −3.55% over one year to May 2023. Over one year the fund beat its US Small Value category average: $100 grew to $96, against $94 for the category. Volatility over the past 12 months was 22.27% a year. In the 12 months to May 2023 the fund took in a net $13.9M, and assets reached $484.07M.
C000223710 Growth of $100
What $100 invested in FPA Queens Road Small Cap 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 | C000223710 | Category average |
|---|---|---|
| 1 year (Jun 2022 – May 2023) | $96 | $94 |
| Since data start (Dec 2020 – May 2023) | $123 | $120 |
C000223710 Trailing Returns
Total returns to May 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −3.55% |
| 3 years (annualised) | +8.69% |
C000223710 Annual Returns
Calendar-year total returns of FPA Queens Road Small Cap Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–May) | −1.62% |
| 2022 | −9.15% |
| 2021 | +27.55% |
| 2020 (Dec–Dec) | +8.05% |
C000223710 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 | +7.8% | −2.5% | −4.2% | −2.8% | +0.5% | — | — | — | — | — | — | — |
| 2022 | −3.8% | +0.7% | −0.1% | −6.5% | +2.4% | −7.6% | +7.0% | −2.6% | −9.5% | +11.2% | +4.7% | −3.4% |
| 2021 | +0.7% | +7.0% | +5.0% | +1.7% | +1.7% | −0.8% | −0.6% | +2.1% | −0.6% | +2.8% | +1.8% | +4.0% |
| 2020 | — | — | — | — | — | — | — | — | — | — | — | +8.1% |
C000223710 Risk
Risk measures from monthly returns over Jun 2022 – May 2023.
- 1-year volatility (annualised): 22.27%
- Best month: +11.19% (Oct 2022)
- Worst month: −9.51% (Sep 2022)
C000223710 Fund Flows
Monthly money in and out of FPA Queens Road Small Cap Value Fund, from SEC Form N-PORT.
- 12-month net flow: $13.9M
- 12-month gross sales (incl. reinvestments): $103.2M
- Sales ÷ redemptions: 1.16×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2023 | $4.5M | $5.6M | −$1.2M |
| Apr 2023 | $5.2M | $5.6M | −$387K |
| Mar 2023 | $6.2M | $12.6M | −$6.4M |
| Feb 2023 | $10.5M | $17.2M | −$6.6M |
| Jan 2023 | $10.4M | $5.8M | $4.6M |
| Dec 2022 | $24.5M | $9.0M | $15.5M |
| Nov 2022 | $12.4M | $6.2M | $6.1M |
| Oct 2022 | $5.1M | $5.4M | −$314K |
| Sep 2022 | $3.5M | $4.9M | −$1.5M |
| Aug 2022 | $7.6M | $5.2M | $2.4M |
| Jul 2022 | $6.6M | $7.5M | −$906K |
| Jun 2022 | $6.7M | $4.2M | $2.5M |
C000223710 Assets Under Management
Net assets of FPA Queens Road Small Cap Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-05-31 | $484.07M |
| 2023-02-28 | $525.95M |
| 2022-11-30 | $514.43M |
| 2022-08-31 | $484.19M |
| 2022-05-31 | $498.40M |
| 2022-02-28 | $523.46M |
| 2021-11-30 | $499.17M |
| 2021-08-31 | $502.68M |
| 2021-05-31 | $496.63M |
| 2021-02-28 | $448.69M |
| 2020-11-30 | $174.78M |
| 2020-08-31 | $144.01M |
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.