FPA New Income Fund (FPNIX)

10.22
Net Asset Value
0.00%
1 Day
-0.49%
Year-to-Date
Overall Morningstar Rating
Nontraditional bond
Style or Category
No Load
Sales Expenses
0.58%
Expense Ratio
Low
Morningstar Risk Rating™
Investment Objective The investment seeks current income and long-term total return; capital preservation is also a consideration. The fund invests at least 65% of total assets in a diversified portfolio of income producing securities. It generally invests a significant portion (50% or more) of the fund's total assets in debt obligations issued or guaranteed by the United States government and its agencies and instrumentalities, including mortgage-backed securities. The fund also invests in highly-rated non-convertible debt securities, commercial paper and repurchase agreements. It may invest up to 25% of its total assets in securities of foreign governments and corporations.

Performance

1 month-0.10% 3 years+1.43%
3 months+0.29% 5 years+2.07%
1 year+1.56% Since inception+7.31%
Data through --

Peer Comparisonvs. Nontraditional bond

 FPNIXCategory
Performance 5-yr return+2.07%+6.00%
Expense ratio0.58%1.37%
Risk 5 year sharpe ratio2.931.48
Net assets$5.6B$1.8B
Average market cap--$37.6B
Average P/E--11.8
Portfolio turnover84%84%

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Fund Management and Purchase Info

Fund familyFPA
Fund manager & tenureThomas Atteberry / 9 Years
Minimal initial investment$1,500.00
Minimum IRA investment$100.00

Holdings

Fixed income89.14%
Cash10.86%
U.S. stock0.00%
International stock0.00%
Other0.00%
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
-- US Treasury Note1.78%
-- Csmc Tr 2013-6 CMO1.59%
-- FNMA CMO 2.25%1.38%
-- Cards Ii Tr 2012-4 FRN1.34%
-- FNMA CMO 3.5%1.26%
-- Santander Drive Auto 2013-2 0.7%1.22%
-- Ge Cap Ccmt 2010-1 3.69%1.16%
-- Nissan Auto Lease Tr 2013-A 0.61%1.15%
-- Ford Credit Auto Tr 2013-A 0.55%1.03%
-- FNMA CMO 3.5%1.00%

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