Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

FPA New Income Fund (FPNIX)

Net Asset Value
1 Day
Overall Morningstar Rating
Nontraditional bond
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks to provide long-term total return- which includes income and capital appreciation- while considering capital preservation. The fund primarily invests in a diversified portfolio of debt securities- cash and cash equivalents. It generally invests in highly rated debt securities and will invest at least 75% of its total assets- calculated at market value at the time of purchase- in debt securities rated at least A- or its equivalent by a NRSRO. The fund may invest up to 25% of its total assets- calculated at market value at the time of purchase- in debt securities that are rated below A- or its equivalent by a NRSRO or that are unrated.


1 month+0.20% 3 years+1.80%
3 months+0.45% 5 years+1.45%
1 year+2.94% Since inception+6.89%
Data through --

Peer Comparisonvs. Nontraditional bond

Performance 5-yr return+1.45%+2.14%
Expense ratio0.58%1.25%
Risk 5 year sharpe ratio1.620.79
Net assets$5.2B$1.3B
Average market cap$482.6M$4.9B
Average P/E--9.8
Portfolio turnover59%59%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyFPA
Fund manager & tenureThomas Atteberry / 13 Years
Minimal initial investment$1,500.00
Minimum IRA investment$1,500.00


Fixed income94.76%
U.S. stock0.10%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Financial service 100.00%
Business service 0.00%
Consumer goods 0.00%
Consumer service 0.00%
Energy 0.00%
Top 10 Holdings
Portfolio weighting
-- 2.21%
-- 1.93%
-- 1.76%
-- 1.75%
-- 1.75%
-- 1.13%
-- 1.00%
-- 0.99%
-- 0.99%
-- 0.99%