FPA New Income Fund (FPNIX)

9.99
Net Asset Value
+0.10%
1 Day
+0.10%
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+0.68% 3 years+2.93%
3 months+2.24% 5 years+2.33%
1 year+2.54% Since inception+6.69%
Data through --

Peer Comparisonvs. Short-term bond

 FPNIXCategory
Performance 5-yr return+2.33%+2.18%
Expense ratio0.57%0.73%
Risk 5 year sharpe ratio0.800.52
Net assets$7.4B$2.5B
Average market cap--$45.2B
Average P/E----
Portfolio turnover25%25%

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 / 15 Years
Minimal initial investment$1,500.00
Minimum IRA investment$1,500.00

Holdings

Fixed income91.50%
Cash8.25%
U.S. stock0.24%
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
-- 1.27%
-- 1.25%
-- 1.15%
-- 1.05%
-- 0.98%
-- 0.94%
-- 0.91%
-- 0.89%
-- 0.89%
-- 0.85%