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AEL - FPA Queens Road Small Cap Value Fund Q1 2022 Commentary
American Equity Investment Life Holding Company
FPA is a Los Angeles-based institutional money management firm practicing a disciplined approach to value investing, prudently seeking superior long-term returns while maintaining a focus on capital preservation.
FPA Queens Road Small Cap Value Fund returned -3.3% in the first quarter of 2022.
First quarter performance was negatively impacted by the Fund’s overweight position in the technology sector.