Morningstar

FPA Queens Road Value Fund QRVLX

Medalist Rating as of Aug 31, 2026 See FPA Investment Hub

Strategy

The investment seeks long-term capital growth. The fund seeks to achieve its investment objective by investing primarily in the equity securities (common stocks, preferred stocks and convertible securities) of U.S. companies. Under normal circumstances, the fund will invest at least 80% of its net assets (for the purpose of this requirement, net assets include net assets plus any borrowings for investment purposes) in equity securities of value companies.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
QRVLX	FPA Queens Road Value Fund	Institutional	Open			Jun 13, 2002	$55.71M	0.750%	Above Average	$100,000	−$1.13M

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