FPA U.S. Core Equity Fund Inc.’s Q1 2023 Investor Letter

Investment management company First Pacific Advisors recently released its “FPA U.S. Core Equity Fund Inc.” first quarter 2023 investor letter. A copy of the same can be downloaded here. The fund delivered a 10.54% net return in the first quarter compared to a 7.50% return for the S&P 500 Index. The fund’s outperformance in the quarter was attributable to its overweight exposure to the Information Technology, Communication Services, and Consumer Discretionary Sectors. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.