FPA New Income Fund (FPNIX)

10.08
Net Asset Value
0.00%
1 Day
-0.40%
Year-to-Date
Overall Morningstar Rating
Nontraditional bond
Style or Category
No Load
Sales Expenses
0.56%
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, purchases primarily fixed-income securities for the fund, with an emphasis on obligations issued or guaranteed by the United States Government and its agencies and instrumentalities. At least 65% of the fund's total assets are invested in a diversified portfolio of income-producing securities.

Performance

1 month-0.10% 3 years+1.21%
3 months-0.10% 5 years+1.59%
1 year+1.04% Since inception+7.17%
Data through --

Peer Comparisonvs. Nontraditional bond

 FPNIXCategory
Performance 5-yr return+1.59%+3.02%
Expense ratio0.56%1.35%
Risk 5 year sharpe ratio2.730.91
Net assets$5.6B$1.2B
Average market cap--$27.6B
Average P/E--23.4
Portfolio turnover97%97%

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 / 10 Years
Minimal initial investment$1,500.00
Minimum IRA investment$100.00

Holdings

Fixed income88.78%
Cash11.21%
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
-- 1.33%
-- 1.20%
-- 1.10%
-- 1.03%
-- 1.01%
-- 0.99%
-- 0.98%
-- 0.97%
-- 0.96%
-- 0.95%