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Kip 25

FPA Crescent

Symbol: (FPACX)
Expense ratio: 1.15%

FPA Crescent is a go-anywhere fund and member of the Kiplinger 25, the annual list of our favorite no-load funds. Led by longtime manager Steve Romick, the managers of this go-anywhere fund can’t find many bargains in the markets these days. At last report, the fund held 51% of its assets in stocks and 39% in cash and Treasuries.

See FUND TABLES: Kiplinger 25 at a Glance for the complete list of our favorite no-load mutual funds.

Visit Kiplinger's Model Portfolios for three examples of how you can put Kiplinger 25 funds to work.

And for the full collection of our Kiplinger 25 content, see KIPLINGER 25: A Guide to Our Favorite No-Load Funds.