NPORT-EX 2 fp0068912_nportex.htm PART F SOI

 

 

FPA QUEENS ROAD VALUE FUND
SCHEDULE OF INVESTMENTS
As of August 31, 2021 (Unaudited)

 

 

Number
of Shares		      Value 
     COMMON STOCKS — 94.6%     
     AEROSPACE/DEFENSE — 5.1%     
 8,000   General Dynamics Corp.    $1,602,480 
 6,600   Raytheon Technologies Corp.     559,416 
         2,161,896 
     APPAREL — 1.5%     
 8,500   VF Corp.     649,995 
           
     BANKS — 5.3%     
 14,500   Bank of New York Mellon Corp.     800,690 
 9,000   JPMorgan Chase & Co.     1,439,550 
         2,240,240 
     COMPUTERS — 1.7%     
 46,378   Hewlett Packard Enterprise Co.     717,004 
           
     DIVERSIFIED FINANCIAL SERVICES — 16.2%     
 16,000   American Express Co.     2,655,360 
 9,000   Ameriprise Financial, Inc.     2,456,190 
 7,900   T. Rowe Price Group, Inc.     1,768,573 
         6,880,123 
     ELECTRONICS — 1.2%     
 3,400   Allegion PLC     489,566 
           
     FOOD — 1.3%     
 9,000   Mondelez International, Inc., Class A     558,630 
           
     HEALTHCARE-PRODUCTS — 5.8%     
 6,300   Danaher Corp.     2,042,208 
 3,022   Medtronic PLC     403,377 
         2,445,585 
     HEALTHCARE-SERVICES — 5.6%     
 6,300   Anthem, Inc.     2,363,319 
           
     HOUSEHOLD PRODUCTS/WARES — 3.0%     
 6,086   Clorox Co.     1,022,752 
 1,717   Kimberly-Clark Corp.     236,620 
         1,259,372 
     INSURANCE — 5.5%     
 3   Berkshire Hathaway, Inc., Class A1    1,289,700 
 10,000   Prudential Financial, Inc.     1,058,800 
         2,348,500 
     MACHINERY-DIVERSIFIED — 1.1%     
 9,000   Ingersoll Rand, Inc.1    477,180 
           
     MEDIA — 2.2%     
 5,151   Walt Disney Co.1    933,876 
           
     MISCELLANEOUS MANUFACTURING — 13.6%     
 3,600   3M Co.     701,064 
 18,000   Eaton Corp. PLC     3,030,480 
 10,200   Trane Technologies PLC    2,024,700 
         5,756,244 
     PHARMACEUTICALS — 6.6%     
 5,000   Bristol-Myers Squibb Co.     334,300 
 13,820   Merck & Co., Inc.     1,054,328 
 31,000   Pfizer, Inc.     1,428,170 
         2,816,798 
     RETAIL — 2.4%     
 4,225   McDonald's Corp.     1,003,268 
           
     SEMICONDUCTORS — 3.3%     
 26,000   Intel Corp.     1,405,560 
           
     SOFTWARE — 5.2%     
 25,000   Oracle Corp.     2,228,250 
           
     TELECOMMUNICATIONS — 6.5%     
 37,500   Cisco Systems, Inc.     2,213,250 
 10,000   Verizon Communications, Inc.     550,000 
         2,763,250 
     TRANSPORTATION — 1.5%     
 3,000   Union Pacific Corp.     650,520 
           
     TOTAL COMMON STOCKS      
     (Cost $12,940,039)     40,149,176 
           
     SHORT-TERM INVESTMENTS — 2.4%     
     MONEY MARKET FUND — 2.4%     
 992,121   State Street Institutional Treasury Plus Money Market Fund, 0.01%2    992,121 
           
     TOTAL SHORT-TERM INVESTMENTS      
     (Cost $992,121)     992,121 
           
     TOTAL INVESTMENTS — 97.0%     
     (Cost $13,932,160)     41,141,297 
           
     Other Assets in Excess of Liabilities — 3.0%     1,288,200 
           
     TOTAL NET ASSETS — 100.0%    $42,429,497 

 

PLC – Public Limited Company

1Non-income Producing.
2Represents the 7-day effective yield as of August 31, 2021.

 

1

 

 

FPA QUEENS ROAD SMALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS
As of August 31, 2021 (Unaudited)

 

 

Number
of Shares		      Value 
     COMMON STOCKS — 83.9%     
     AEROSPACE/DEFENSE — 0.9%     
 34,809   Astronics Corp.1  $465,048 
 73,372   Ducommun, Inc.1   3,866,705 
         4,331,753 
     AGRICULTURE — 1.0%     
 65,838   Darling Ingredients, Inc.1   4,904,931 
           
     APPAREL — 5.6%     
 58,772   Carter's, Inc.    6,017,077 
 27,860   Deckers Outdoor Corp.1   11,658,017 
 98,166   PVH Corp.1   10,286,815 
         27,961,909 
     BANKS — 4.5%     
 2,203   Merchants Bancorp    80,784 
 309,845   ServisFirst Bancshares, Inc.    22,748,820 
         22,829,604 
     COMMERCIAL SERVICES — 0.1%     
 11,760   Cass Information Systems, Inc.    530,141 
           
     COMPUTERS — 1.4%     
 82,975   Science Applications International Corp.    6,988,984 
           
     DISTRIBUTION/WHOLESALE — 2.3%     
 291,416   G-III Apparel Group Ltd.1   9,013,497 
 47,401   VSE Corp.    2,369,576 
         11,383,073 
     ELECTRICAL COMPONENTS & EQUIPMENT — 0.6%     
 2,994   Graham Corp.    35,928 
 8,195   Littelfuse, Inc.    2,338,853 
 19,864   Powell Industries, Inc.    502,559 
         2,877,340 
     ELECTRONICS — 5.2%     
 31,199   Arrow Electronics, Inc.1   3,781,943 
 99,924   SYNNEX Corp.    12,697,342 
 436,007   Vishay Intertechnology, Inc.    9,579,074 
         26,058,359 
     ENGINEERING & CONSTRUCTION — 2.8%     
 156,177   MasTec, Inc.1   14,280,825 
           
     FOOD — 2.3%     
 162,980   Sprouts Farmers Market, Inc.1   4,058,202 
 199,270   TreeHouse Foods, Inc.1   7,466,647 
         11,524,849 
     FOREST PRODUCTS & PAPER — 2.8%     
 366,582   Schweitzer-Mauduit International, Inc.    14,029,093 
           
     GAS — 4.3%     
 272,460   New Jersey Resources Corp.    10,173,656 
 471,853   South Jersey Industries, Inc.   11,706,673 
         21,880,329 
     INSURANCE — 15.2%     
 593,598   American Equity Investment Life Holding Co.    18,811,121 
 54,054   American National Group, Inc.    10,405,395 
 554,434   CNO Financial Group, Inc.    13,561,456 
 20,382   Crawford & Co., Class B    192,610 
 403,993   Horace Mann Educators Corp.    16,563,713 
 150,000   MGIC Investment Corp.    2,290,500 
 129,811   RLI Corp.    14,179,255 
 4,905   Safety Insurance Group, Inc.    398,825 
         76,402,875 
     MACHINERY-CONSTRUCTION & MINING — 2.1%     
 90,689   Oshkosh Corp.    10,391,146 
           
     MACHINERY-DIVERSIFIED — 4.3%     
 12,587   AGCO Corp.    1,732,223 
 50,923   Colfax Corp.1   2,452,961 
 73,777   CSW Industrials, Inc.    9,796,848 
 94,946   Graco, Inc.    7,445,665 
         21,427,697 
     MEDIA — 1.3%     
 194,109   Scholastic Corp.    6,452,183 
           
     METAL FABRICATE/HARDWARE — 0.5%     
 158,063   LB Foster Co.1   2,694,974 
           
     MINING — 0.8%     
 169,440   Livent Corp.1   4,213,973 
           
     MISCELLANEOUS MANUFACTURING — 3.4%     
 14,303   Chase Corp.    1,637,694 
 150,266   Fabrinet1   15,480,403 
         17,118,097 
     OFFICE FURNISHINGS — 0.6%     
 225,808   Kimball International, Inc., Class B    2,815,826 
           
     PACKAGING & CONTAINERS — 0.9%     
 231,077   Graphic Packaging Holding Co.    4,741,700 
           
     PHARMACEUTICALS — 1.4%     
 193,165   Owens & Minor, Inc.    7,201,191 
           
     REITS — 1.0%     
 196,306   Equity Commonwealth    5,170,700 
           
     RETAIL — 2.5%     
 152,439   MSC Industrial Direct Co., Inc., Class A    12,836,888 

 

 

 

 

 

FPA QUEENS ROAD SMALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
As of August 31, 2021 (Unaudited)

 

 

Number
of Shares		      Value 
     SAVINGS & LOANS — 2.7%     
 204,139   Axos Financial, Inc.1  $9,896,659 
 260,790   Investors Bancorp, Inc.    3,731,905 
         13,628,564 
     SEMICONDUCTORS — 5.0%     
 131,911   Synaptics, Inc.1   25,034,069 
           
     SOFTWARE — 4.0%     
 65,895   Concentrix Corp.1   11,425,534 
 179,166   CSG Systems International, Inc.    8,637,593 
         20,063,127 
     TELECOMMUNICATIONS — 3.5%     
 240,918   InterDigital, Inc.    17,372,597 
           
     TEXTILES — 0.9%     
 20,452   UniFirst Corp.    4,684,940 
           
     TOTAL COMMON STOCKS      
     (Cost $275,416,604)    421,831,737 
           
     PREFERRED STOCKS — 0.0%     
     DISTRIBUTION/WHOLESALE — 0.0%     
 6,085   WESCO International, Inc.    189,822 
           
     TOTAL PREFERRED STOCKS      
     (Cost $161,252)    189,822 
           
    SHORT-TERM INVESTMENTS — 16.1%
     MONEY MARKET FUND — 16.1%     
 80,830,236   State Street Institutional Treasury Plus Money Market Fund, 0.01%2    80,830,236 
           
     TOTAL SHORT-TERM INVESTMENTS      
     (Cost $80,830,236)     80,830,236 
           
     TOTAL INVESTMENTS — 100.0%     
     (Cost $356,408,092)     502,851,795 
           
     Liabilities in Excess of Other Assets — (0.0)%     (125,559)
           
     TOTAL NET ASSETS — 100.0%    $502,726,236 

1Non-income Producing.
2Represents the 7-day effective yield as of August 31, 2021.