FPA New Income Fund (FPNIX)

9.82
Net Asset Value
-0.10%
1 Day
-1.60%
Year-to-Date
Overall Morningstar Rating
Short-term bond
Style or Category
No Load
Sales Expenses
0.57%
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-2.17% 3 years+2.38%
3 months-1.08% 5 years+1.94%
1 year+1.63% Since inception+6.67%
Data through --

Peer Comparisonvs. Short-term bond

 FPNIXCategory
Performance 5-yr return+1.94%+1.40%
Expense ratio0.57%0.73%
Risk 5 year sharpe ratio0.540.19
Net assets$7.8B$2.4B
Average market cap----
Average P/E----
Portfolio turnover25%25%

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Fund Management and Purchase Info

Fund familyFPA
Fund manager & tenureThomas Atteberry / 15 Years
Minimal initial investment$1,500.00
Minimum IRA investment$1,500.00

Holdings

Fixed income92.71%
Cash7.05%
U.S. stock0.22%
International stock0.01%
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
-- 6.94%
-- 1.17%
-- 0.93%
-- 0.92%
-- 0.89%
-- 0.86%
-- 0.84%
-- 0.79%
-- 0.79%
-- 0.76%