Morningstar

FPA Queens Road Small Cap Value Fund Investor Class QRSVX

Morningstar Medalist Rating
Medalist Rating as of | See FPA Investment Hub
  • NAV / 1-Day Return 53.29  /  +0.93 %
  • Total Assets 1.4B
  • Adj. Expense Ratio
    0.940%
  • Expense Ratio 0.920%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Small Value
  • Investment Style Small Value
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 0.75%
  • Turnover 15%

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 12:50 PM GMT+0

Morningstar’s Analysis QRSVX

Will QRSVX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable QRSVX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the QRSVX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of QRSVX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A hidden gem no longer.

Associate Director Tony Thomas

Tony Thomas

Associate Director

Summary

FPA Queens Road Small Cap Value features a good manager and a risk-aware process, both of which are well-established, yet have gotten even better in recent years. The strategy earns Above Average People and Process Pillar ratings.

by Tony Thomas
Rated on Published on

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Portfolio Holdings QRSVX

More QRSVX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 33.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
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