FPA New Income Fund (FPNIX)

9.93
Net Asset Value
0.00%
1 Day
-0.20%
Year-to-Date
Overall Morningstar Rating
Short-term bond
Style or Category
No Load
Sales Expenses
0.59%
Expense Ratio
Below Average
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.

Performance

1 month+0.10% 3 years+1.70%
3 months+0.55% 5 years+1.38%
1 year+2.31% Since inception+6.84%
Data through --

Peer Comparisonvs. Short-term bond

 FPNIXCategory
Performance 5-yr return+1.38%+1.00%
Expense ratio0.59%0.75%
Risk 5 year sharpe ratio1.330.39
Net assets$5.4B$2.3B
Average market cap$201.6M$41.1B
Average P/E--16.2
Portfolio turnover59%59%

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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

Holdings

Fixed income93.60%
Cash6.36%
U.S. stock0.04%
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
-- 2.08%
-- 1.14%
-- 1.09%
-- 1.05%
-- 0.95%
-- 0.95%
-- 0.94%
-- 0.94%
-- 0.94%
-- 0.93%