Closed-end management investment company that seeks to provide a high level of total return through current income and capital appreciation.
Source Capital, Inc. operates as a close-ended balanced fund managed by First Pacific Advisors, LLC, focusing on investments in the public equity markets of the United States. Established in 1968, the fund is designed to seek opportunities primarily within small to mid cap companies across diversified sectors. Its investment strategy revolves around value stocks, employing a rigorous fundamental analysis approach that emphasizes factors such as high liquidity, conservative balance sheets, and the potential for sustained above-average returns on capital.
The portfolio management of Source Capital, Inc. is guided by a bottom-up stock selection methodology, aiming to build a robust and diversified portfolio that aligns with its investment objectives. The fund benchmarks its performance against prominent indices including the Russell 2500 Index, the S&P 500 Index, and the Nasdaq Composite Index, reflecting its commitment to delivering competitive returns relative to broader market trends.
Despite its extensive experience and focus on traditional equity investments, Source Capital, Inc. has not incorporated cryptocurrency investments into its strategy as of now. The fund continues to adhere to its established investment philosophy while adapting to evolving market dynamics and investor preferences. With its longstanding presence and disciplined approach, Source Capital, Inc. remains dedicated to providing shareholders with consistent value and performance in the dynamic landscape of the U.S. equity markets.