Description

The FPA Queens Road Small Cap Value Inv fund's primary objective is to allocate its capital predominantly to the stock-based holdings (such as common, preferred, and convertible shares) of smaller U.S. corporations. Ordinarily, the fund is mandated to invest at least 80% of its overall assets in these small-capitalization American equity securities. For this specific guideline, the definition of "assets" encompasses both the fund's net assets and any funds it has borrowed for investment purposes.