Fund Announcements

January 11, 2012

2011 Q4 FPA Crescent Conference Call

Steven Romick, a Managing Partner of First Pacific Advisors LLC and President and CIO of FPA Funds Trusts FPA Crescent Fund (Nasdaq: FPACX a mutual fund managed by FPA) and the FPA Contrarian Value investment team will hold a 4th quarter 2011 conference call on Tuesday January 31, 2012 at 1:00 p.m. Pacific time to discuss the portfolios they manage as well as their views on the economy and the market, and to answer questions, as time permits, which you may submit online upon registration.

The recorded audio and visual presentation will be available on our website www.fpafunds.com within 72 hours following the call.

Date: Tuesday, January 31, 2012

Time: 1:00 PM - 2:30 PM PST

Register here.