Source Capital, Inc. (NYSE:SOR) Q4 2022 Earnings Conference Call February 8, 2023 4:00 PM ET
Company Participants
Courtney Reardon - Relationship Manager
Steve Scruggs - Portfolio Manager, Strategy
Conference Call Participants
Operator
Hello. And welcome to today’s webcast. My name is Sarah, and I will be your event specialist. Please note that today’s webcast is being recorded. During the presentation, we will have a question-and-answer session. You can ask text questions at any time by locating the Q&A box on the left side of your screen, type your question and click new questions to submit. If you are experiencing any technical issues as a best practice, we suggest you first refresh a browser.
It is now my pleasure to turn today’s program over to Courtney Reardon. Courtney, the floor is yours.
Courtney Reardon
Thank you, Operator. Good afternoon, everyone, and thank you for joining us today. We would like to welcome you to FPA Queens Road Small Cap Value Fund Second Half 2022 Webcast. Again, my name is Courtney Reardon, and I am the Relationship Manager for the Fund.
In just a moment, you will hear from Steve Scruggs, the Portfolio Manager of the Strategy. Steve has managed the Fund since its inception in 2002. Over those 20 years, the Fund has delivered benchmark beating returns with less risk over the long-term and protected capital during every large drawdown.
Steve’s disciplined value approach is predicated on investing in attractively priced small-cap companies that are in sound financial condition led by strong management teams and operating in growing industries. As of December 31st, the AUM of the strategy was about $500 million.
In terms of our agenda today, there are a few things we will cover. First, we often get questions regarding availability of our Small Cap Value Fund on various platforms and we want to update you on our progress. The Fund is currently available on most major platforms, including Fidelity, Schwab, LPL, TD Ameritrade, Ameriprise, Commonwealth, Wells Fargo, RBC, Raymond James and Vanguard. If you have any trouble transacting in the Fund, please feel free to reach out to crm@fpa.com and we will be happy to assist.
And finally, Steve and I have collected questions from investors and turned it into a little Q&A, which will allow Steve to provide his views on the small-cap market, review the strategy and walk through an investment example. We will then open it up to additional Q&A. If at any time during this webcast, you have questions, please submit those through the device on your screen and we will get to them at the end of the presentation.