
Morningstar. We're visiting with the FPA Funds out in California, and I'm here with Eric Ende. He's a portfolio manager on FPA Perennial . Thanks so much for joining me, Eric. Eric Ende : Thank you. Happy to be here. Stipp : So a few questions for you about
that also includes auto-parts retailer O'Reilly Automotive ORLY. FPA Paramount FPRAX (along with its clone FPA Perennial FPPFX , not included here) is another fund with significant exposure to the auto industry. Managers Erik Ende and Steve
since March 2000 . They have built a fine record at FPA Perennial , which Ende has led since 1995 and Geist has comanaged ..... executed that strategy with aplomb here and at sibling FPA Perennial FPPFX . Such skill makes this a top - rate choice .
stodgier industrials, the managers' picks span the Morningstar Style Box. They usually hang on to their holdings for years. FPA Perennial thinks big but doesn't forget the details. This fund's managers, Eric Ende and Steve Geist, don't let big picture
Royce Premier RYPRX Mid - Cap Blend 15 . 3 2 9 18 . 4 Harbor International HAINX Foreign Lg Blend 17 . 3 2 3 22 . 4 FPA Perennial FPPFX Mid - Cap Growth 8 . 0 3 6 14 . 7 Sextant Growth SSGFX Large Growth 4 . 0 4 14 20 . 4 Jensen JENSX Large Growth
to run the screen yourself . FPA Paramount FPRAX FPA Perennial FPPFX Franklin Growth FKGRX T . Rowe Price Mid - Cap Growth ..... well as modest valuations . FPA Paramount FPRAX and FPA Perennial FPPFX are essentially identical funds - - the only difference
to run the screen yourself . FPA Paramount FPRAX FPA Perennial FPPFX Franklin Growth FKGRX T . Rowe Price Mid - Cap Growth ..... well as modest valuations . FPA Paramount FPRAX and FPA Perennial FPPFX are essentially identical funds - - the only difference
stodgier industrials, the managers' picks span the Morningstar Style Box. They usually hang on to their holdings for years. FPA Perennial 's virtues have been on display lately. As the markets have rallied in recent months, this offering has surged ahead of
since March 2000. They have built a fine record at FPA Perennial , which Ende has led since 1995 and Geist has comanaged ..... results here and at its longer-tenured charge, FPA Perennial FPPFX , but its concentrated portfolio and willingness
beating its peers over the trailing five years. The same managers have compiled an excellent record at the similar FPA Perennial FPPFX since 1995. For all these reasons, plus a big tax-loss carryforward left over from before Ende and Geist took