Performance

Comparative Performance Quarterly

As of June 30, 2020
Fund/Index QTD YTD 1 Year 3 Years 5 Years 10 Years 15 Years 20 Years 25 Years Since 8/1/84* Expense Ratio1
FPA Capital Fund, Inc. 12.32 % -9.67 % -6.72 % -3.93 % -2.15 % 4.24 % 3.33 % 6.56 % 8.12 % 11.65 % 0.89 %
Russell 2500 26.56 % -11.05 % -4.70 % 4.08 % 5.41 % 11.46 % 7.85 % 7.74 % 9.54 % 11.11 %

*Inception date was July 11, 1984. An index comparison is not available based on the Fund’s inception date; therefore, data from August 1, 1984 is presented.

Expense Ratio is calculated as of the date of the most recent prospectus.

Mr. Ahitov was named sole portfolio manager of the Fund effective October 1, 2017. Dennis Bryan and Arik Ahitov had been co-portfolio managers since November 2007 and February 2014, respectively, and managed the Fund in a manner that is substantially similar to the prior portfolio manager, Robert Rodriguez. Mr. Rodriguez ceased serving as the Fund’s portfolio manager effective December 2010.

Periods greater than one year are annualized. Fund performance is shown net of all fees and expenses. Fund performance is calculated on a total return basis which includes reinvestment of all distributions. Fund performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares, which would lower these figures. 

Past performance is no guarantee, nor is it indicative, of future results. Current performance may be higher or lower than the performance shown. This data represents past performance and investors should understand that investment returns and principal values fluctuate, so that when you redeem your investment it may be worth more or less than its original cost. Current month-end performance data, which may be lower or higher than the performance data quoted, may be obtained at www.fpa.com or by calling toll-free, 1-800-982-4372. 

The performance of the index is computed on a total return basis which includes reinvestment of all distributions. Comparison to any index is for illustrative purposes only. The Fund may be less diversified than the indices noted herein, and may hold non-index securities or securities that are not comparable to those contained in an index. Indices may hold positions that are not within the investment strategy. Indices are unmanaged and returns do not reflect transaction costs, investment management fees or other commissions, or fees and expenses that would reduce performance for an investor. The Fund does not include outperformance of any index or benchmark in its investment objectives. An investor cannot invest directly in an index.

The Russell 2500 Index consists of the 2,500 smallest companies in the Russell 3000 total capitalization universe. The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization. This index is considered a measure of small to medium capitalization stock performance.

The availability of shares of the Fund to new investors is limited. Please see the Prospectus for more detail.

Comparative Performance Monthly

As of August 31, 2020
Fund/Index MTD YTD 1 Year 3 Years 5 Years 10 Years 15 Years 20 Years 25 Years Since 8/1/84*
FPA Capital Fund, Inc. 1.20 % -6.05 % 1.48 % 0.05 % -0.10 % 4.72 % 3.18 % 6.33 % 7.91 % 11.71 %
Russell 2500 4.53 % -3.32 % 6.79 % 6.94 % 8.54 % 12.31 % 8.15 % 7.89 % 9.59 % 11.31 %

*Inception date was July 11, 1984. An index comparison is not available based on the Fund’s inception date; therefore, data from August 1, 1984 is presented.

Mr. Ahitov was named sole portfolio manager of the Fund effective October 1, 2017. Dennis Bryan and Arik Ahitov had been co-portfolio managers since November 2007 and February 2014, respectively, and managed the Fund in a manner that is substantially similar to the prior portfolio manager, Robert Rodriguez. Mr. Rodriguez ceased serving as the Fund’s portfolio manager effective December 2010. 

Periods greater than one year are annualized. Fund performance is shown net of all fees and expenses. Fund performance is calculated on a total return basis which includes reinvestment of all distributions. Fund performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares, which would lower these figures. 

Past performance is no guarantee, nor is it indicative, of future results. Current performance may be higher or lower than the performance shown. This data represents past performance and investors should understand that investment returns and principal values fluctuate, so that when you redeem your investment it may be worth more or less than its original cost. Current month-end performance data, which may be lower or higher than the performance data quoted, may be obtained at www.fpa.com or by calling toll-free, 1-800-982-4372. 

The performance of the index is computed on a total return basis which includes reinvestment of all distributions. Comparison to any index is for illustrative purposes only. The Fund may be less diversified than the indices noted herein, and may hold non-index securities or securities that are not comparable to those contained in an index. Indices may hold positions that are not within the investment strategy. Indices are unmanaged and returns do not reflect transaction costs, investment management fees or other commissions, or fees and expenses that would reduce performance for an investor. The Fund does not include outperformance of any index or benchmark in its investment objectives. An investor cannot invest directly in an index.

The Russell 2500 Index consists of the 2,500 smallest companies in the Russell 3000 total capitalization universe. The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization. This index is considered a measure of small to medium capitalization stock performance. 

The availability of shares of the Fund to new investors is limited. Please see the Prospectus for more detail.

 

Historical Annual Returns

FPA Capital Fund, Inc.* Russell 2500
2019 19.27 % 27.77 %
2018 -17.61 % -10.00 %
2017 -5.11 % 16.81 %
2016 22.86 % 17.59 %
2015 -17.16 % -2.90 %
2014 -1.31 % 7.07 %
2013 22.85 % 36.80 %
2012 9.69 % 17.88 %
2011 0.90 % -2.51 %
2010 24.25 % 26.71 %
2009 53.78 % 34.39 %
2008 -34.79 % -36.79 %
2007 -0.39 % 1.38 %
2006 5.42 % 16.17 %
2005 16.53 % 8.11 %
2004 12.62 % 18.29 %
2003 38.54 % 45.51 %
2002 -3.86 % -17.80 %
2001 38.13 % 1.22 %
2000 -3.08 % 4.27 %
1999 14.24 % 24.14 %
1998 -0.42 % 0.38 %
1997 17.70 % 24.36 %
1996 37.76 % 19.03 %
1995 38.39 % 31.70 %
1994 10.37 % -1.05 %
1993 16.74 % 16.55 %
1992 21.57 % 16.09 %
1991 64.51 % 46.89 %
1990 -13.80 % -14.88 %
1989 24.30 % 19.43 %
1988 18.11 % 22.73 %
1987 10.75 % -4.68 %
1986 12.57 % 11.98 %
1985 28.95 % 31.93 %
1984 9.95 % 11.46 %

*Inception date was July 11, 1984. An index comparison is not available based on the Fund’s inception date; therefore, data from August 1, 1984 is presented.

Mr. Ahitov was named sole portfolio manager of the Fund effective October 1, 2017. Dennis Bryan and Arik Ahitov had been co-portfolio managers since November 2007 and February 2014, respectively, and managed the Fund in a manner that is substantially similar to the prior portfolio manager, Robert Rodriguez. Mr. Rodriguez ceased serving as the Fund’s portfolio manager effective December 2010. 

Periods greater than one year are annualized. Fund performance is shown net of all fees and expenses. Fund performance is calculated on a total return basis which includes reinvestment of all distributions. Fund performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares, which would lower these figures. 

Past performance is no guarantee, nor is it indicative, of future results. Current performance may be higher or lower than the performance shown. This data represents past performance and investors should understand that investment returns and principal values fluctuate, so that when you redeem your investment it may be worth more or less than its original cost. Current month-end performance data, which may be lower or higher than the performance data quoted, may be obtained at www.fpa.com or by calling toll-free, 1-800-982-4372. 

The performance of the index is computed on a total return basis which includes reinvestment of all distributions. Comparison to any index is for illustrative purposes only. The Fund may be less diversified than the indices noted herein, and may hold non-index securities or securities that are not comparable to those contained in an index. Indices may hold positions that are not within the investment strategy. Indices are unmanaged and returns do not reflect transaction costs, investment management fees or other commissions, or fees and expenses that would reduce performance for an investor. The Fund does not include outperformance of any index or benchmark in its investment objectives. An investor cannot invest directly in an index.

The Russell 2500 Index consists of the 2,500 smallest companies in the Russell 3000 total capitalization universe. The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization. This index is considered a measure of small to medium capitalization stock performance. 

The availability of shares of the Fund to new investors is limited. Please see the Prospectus for more detail.

After-Tax Returns

As of August 31, 2020
1 Year 5 Years 10 Years
Before Tax 1.48 % -0.10 % 4.72 %
After Tax on Distribution* 0.95 % -0.97 % 3.44 %
After Tax on Distribution and Sale of Fund Shares* 0.86 % -0.11 % 3.76 %

* After-tax returns are calculated net of fees, using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend upon an investor's tax situation and may differ from those shown. After-tax returns presented here are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”).

** The Fund transitioned to its current investment strategy on September 1, 2013. Performance prior to that date reflects performance of the prior portfolio management team and investment strategy. Performance prior to September 1, 2013 is not indicative of performance for any subsequent periods.

Early withdrawal from a 401(k) account or an IRA could lead to taxation of the withdrawn amount as ordinary income and could be subject to an additional tax penalty. The after-tax returns on distributions and sale of Fund shares may be higher than returns before taxes due to the effect of a tax benefit an investor may receive from the realization of capital losses that would have been incurred on the sale of Fund shares.

Performance has been calculated on a total return basis, which includes reinvestment of all dividends and distributions paid. Total return calculations are based on a $10,000 investment.

Past performance, both before and after taxes, is no guarantee of future results and current performance may be higher or lower than the performance shown. This data represents past performance and investors should understand that investment returns and principal values fluctuate, so that when you redeem your investment it may be worth more or less than its original cost.