FPA Funds Trust’s FPA Crescent Fund 2nd Quarter 2010 Conference Call

Steven Romick, a Managing Partner of First Pacific Advisors, LLC and President & CIO of FPA Funds Trust’s FPA Crescent Fund (Nasdaq:FPACX), a mutual fund managed by FPA, and the FPA Contrarian Value investment team, will hold a 2 ^nd quarter 2010 conference call on Wednesday, July 28, 2010, at 1 p.m. PDT, 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 may be submitted online upon registration.

To register for the Webinar and to submit questions, please go to https://www1.gotomeeting.com/register/374330377

For the audio portion only, please dial in as instructed below

USA (Toll-Free): [phone]International: [phone]Participant Code: CRESCENTQ2

First Pacific Advisors, LLC, based in Los Angeles, employs a disciplined, value-oriented investment approach in managing more than $13 billion for institutional and mutual fund investors. In addition to FPA Crescent Fund, FPA serves as investment adviser to four open-end mutual funds: FPA Capital Fund, Inc. (Nasdaq: FPPTX), FPA New Income, Inc. (Nasdaq: FPNIX), FPA Paramount Fund, Inc. (Nasdaq: FPRAX) and FPA Perennial Fund, Inc. (Nasdaq: FPPFX); as well as one closed-end investment company, Source Capital, Inc. (NYSE: SOR). More information on FPA and the FPA Funds is available at www.fpafunds.com.

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