FPA U.S. Core Equity Fund’s Q2 2022 Investor Letter

Investment management company First Pacific Advisors recently released its “FPA U.S. Core Equity Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, the fund returned -18.92% net of fees and expenses compared to a return of -16.10% for the S&P 500 Index. The fund’s underperformance in the quarter was attributed to the greater exposure to low-performed consumer discretionary, communication services, and information technology sectors. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.