FPCSX — FPA Crescent Fund
Data updated: 2026-05-27
FPCSX — FPA Crescent Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Balanced Allocation · $11.81B AUM · 0.99% expense ratio · 16.1% 1-yr return. From SEC regulatory filings.
FPCSX Fund Overview
FPCSX — FPA Crescent Fund is a US mutual fund managed by Investment Managers Series Trust III, categorised as Balanced Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Investment Managers Series Trust III
- Category: Balanced Allocation
- Assets under management: $11.81B
- 1-year return: 16.1%
- Ticker: FPCSX
- SEC CIK: 0000924727
- SEC series ID: S000009495
- Share class ID: C000221940
FPCSX Holdings
Top 10 holdings of FPA Crescent Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Analog Devices Inc | 3.17% |
| Alphabet Inc | 2.89% |
| Meta Platforms Inc | 2.14% |
| Iff | 1.94% |
| TE Connectivity PLC | 1.91% |
| Citigroup Inc | 1.88% |
| Heineken Holding NV | 1.86% |
| JDE Peet's NV | 1.84% |
| Alphabet Inc | 1.81% |
| Azelis Group NV | 1.75% |
FPCSX Portfolio Allocation
Asset-class allocation of FPA Crescent Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 55.5% |
| Other | 24.5% |
| Fixed Income | 15.6% |
| Loans | 0.5% |
| Cash & Equivalents | 0.3% |
FPCSX Performance
Total returns for FPCSX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -1.5% |
| 1 year | 16.1% |
| 3 years (annualised) | 14.6% |
| 5 years (annualised) | 8.7% |
FPCSX Risk Information
Risk metrics for FPCSX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.2%
FPCSX Costs and Fees
FPCSX costs about $99 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.99%
- Gross expense ratio: 1.05%
- Portfolio turnover: 23%
- Brokerage commissions: 2.98 bps of average net assets (SEC N-CEN)
FPCSX Cashflows
Over the 12 months to 2026-03, FPA Crescent Fund had net inflows of $775.26M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | −$3.78M |
| 2026-02 | $52.88M |
| 2026-01 | $10.15M |
| 2025-12 | $692.74M |
| 2025-11 | −$24.00M |
| 2025-10 | −$7.39M |
FPCSX Debt Constituents
Largest debt holdings of FPA Crescent Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Treasury Bill | 1.52% |
| Treasury Bill | 1.31% |
| Treasury Bill | 1.05% |
| Treasury Bill | 1.05% |
| Echostar Corp. | 1.00% |
| Treasury Bill | 0.95% |
| Treasury Bill | 0.93% |
| Treasury Bill | 0.93% |
| Treasury Bill | 0.87% |
| Treasury Bill | 0.85% |
FPCSX Prospectus and SEC Filings
Official FPA Crescent Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Balanced Allocation 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.