Fund Announcements

January 11, 2012

2011 Q4 FPA International Value Conference Call

Pierre Py and Eric Bokota, Portfolio Managers of the FPA International Value Fund, (Nasdaq: FPIVX, a mutual fund managed by FPA), will hold a 4th quarter 2011 conference call on Thursday February 2, 2012, at 1:00 p.m. Pacific time, to discuss the strategy, the portfolio managed as well as their outlook 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: Thursday, February 2, 2012

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

Register here.