FPA Queens Road Small Cap Value Fund Webcast Q4/2025

Steve has served as portfolio manager for the Queens Road Small Cap Value and Queens Road Value Funds since inception in 2002. Steve joined Bragg Financial Advisors (BFA) in 1999 as a research analyst. Prior to his work with BFA, Steve worked as Product Manager for GMAC Insurance and Reliance Insurance Companies. He received his BA from North Carolina State University in 1992 and his MBA from Wake Forest University in 1996. Steve is a member of the CFA Institute and the North Carolina Society of Financial Analysts.

Ben serves as a portfolio manager to the FPA Queens Road Small Cap Value Fund. Ben joined the Fund as a senior analyst in 2022. Previously, Ben spent ten years at International Value Advisers (“IVA”) where he was the senior analyst covering industrials and aero/defense with additional experience in financials, real estate, and telecom, media and technology. Before IVA, Ben worked for RG Niederhoffer Capital Management, a managed futures fund, as a quantitative analyst and trader. Ben received both his BA and MBA from Columbia University.