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FPA New Income Fund (FPNIX)

10.06
Net Asset Value
+0.10%
1 Day
+1.11%
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. The fund's investment adviser, First Pacific Advisors, LLC, 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 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 time of purchase, in debt securities that are rated below A- or its equivalent by a NRSRO or that are unrated.

Performance

1 month+0.30% 3 years+1.31%
3 months+0.85% 5 years+1.35%
1 year+1.52% Since inception+7.01%
Data through --

Peer Comparisonvs. Nontraditional bond

 FPNIXCategory
Performance 5-yr return+1.35%+1.80%
Expense ratio0.58%1.28%
Risk 5 year sharpe ratio1.740.73
Net assets$5.1B$1.1B
Average market cap--$12.4B
Average P/E----
Portfolio turnover29%29%

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Fund Management and Purchase Info

Fund familyFPA
Fund manager & tenureThomas Atteberry / 11 Years
Minimal initial investment$1,500.00
Minimum IRA investment$100.00

Holdings

Fixed income91.09%
Cash8.92%
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
-- 2.22%
-- 1.36%
-- 1.10%
-- 1.10%
-- 1.07%
-- 1.07%
-- 1.06%
-- 1.04%
-- 1.04%
-- 1.03%