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FPA Queens Road Small Cap Value Fund's investment thesis on RLI Corp. ($RLI) — Q2 2026 | Buyside Digest

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$RLINYSERLI Corp.

BULL

FPA Queens Road Small Cap Value Fund—RLI

Fund Letter

Q2 2026

Published August 12, 2026

View Fund Profile

$63.90USD

+2.4% vs last month

$63.77Pitched

+0.2% since pitch

Market Cap$5.9B

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

The FPA Queens Road Small Cap Value Fund returned 19.76% in Q2 2026 versus 17.19% for the Russell 2000 Value Index, bringing YTD returns to 27.02% versus 22.99% for the benchmark. Outperformance was driven...

— Steve Scruggs

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Value Line Asset Allocation FundBULL

Pitched Mar 31, 2026

RLI Corp. negatively impacted the fund's performance in Q1 due to relative weakness inside the financial sector holdings. The business remains...

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