FPA New Income Fund (FPNIX)

10.16
Net Asset Value
+0.10%
1 Day
+0.40%
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+0.49% 3 years+1.46%
3 months+0.25% 5 years+1.90%
1 year+1.43% Since inception+7.23%
Data through --

Peer Comparisonvs. Nontraditional bond

 FPNIXCategory
Performance 5-yr return+1.90%+3.38%
Expense ratio0.58%1.39%
Risk 5 year sharpe ratio2.951.01
Net assets$5.6B$1.4B
Average market cap--$26.8B
Average P/E--15.3
Portfolio turnover97%97%

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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 income95.76%
Cash4.23%
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
-- FHLMC CMO 2.5%2.20%
-- US Treasury Note1.51%
-- Csmc Tr 2013-6 CMO1.48%
-- Reynolds Grp Issuer 7.875%1.35%
-- FNMA CMO 2.25%1.27%
-- Everest Acq Llc/Finance 6.875%1.23%
-- FNMA CMO 3.5%1.18%
-- Nissan Auto Lease Tr 2013-A 0.61%1.14%
-- Ge Cap Ccmt 2010-1 3.69%1.14%
-- Sunset Mtg Ln Co Llc 2014-Npl2 FRN1.01%

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