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Morningstar

FPA New Income FPNIX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 9.55  /  0.03 %
  • Total Assets 8.5 Bil
  • Adj. Expense Ratio
    0.460%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 1,500
  • Status Limited
  • TTM Yield 2.13%
  • Effective Duration 1.70 years

USD | NAV as of Jan 30, 2023 | 1-Day Return as of Jan 30, 2023, 11:08 PM GMT+00:00

Morningstar’s Analysis FPNIX

Will FPNIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FPNIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FPNIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FPNIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

FPA once again shows why it deserves the trust of its investors.

Strategist

Summary

| by Eric Jacobson

FPA New Income has executed a long-planned management handoff and reopened to new investors. ‎It has always been shareholder-focused, though, and new fee waivers further cement that ‎reputation. It carries a Morningstar Analyst Rating of Bronze.‎

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