FPA New Income Fund (FPNIX)

9.92
Net Asset Value
+0.10%
1 Day
+0.51%
Year-to-Date
Overall Morningstar Rating
Short-term bond
Style or Category
No Load
Sales Expenses
0.58%
Expense Ratio
Low
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+0.47% 3 years+2.65%
3 months+1.25% 5 years+1.92%
1 year+3.11% Since inception+6.78%
Data through --

Peer Comparisonvs. Short-term bond

 FPNIXCategory
Performance 5-yr return+1.92%+1.45%
Expense ratio0.58%0.75%
Risk 5 year sharpe ratio1.620.57
Net assets$6.6B$2.3B
Average market cap$74.7M$18.3B
Average P/E--14.8
Portfolio turnover29%29%

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Fund Management and Purchase Info

Fund familyFPA
Fund manager & tenureThomas Atteberry / 14 Years
Minimal initial investment$1,500.00
Minimum IRA investment$1,500.00

Holdings

Fixed income93.61%
Cash6.38%
U.S. stock0.01%
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
-- 1.80%
-- 1.64%
-- 1.52%
-- 1.17%
-- 1.04%
-- 0.91%
-- 0.87%
-- 0.85%
-- 0.85%
-- 0.83%