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FPA New Income FPNIX

Analyst rating as of
NAV / 1-Day Return
10.03  /  0.10 %
Total Assets
11.9 Bil
Adj. Expense Ratio
0.470%
Expense Ratio
0.470%
Fee Level
Below Average
Longest Manager Tenure
16.94 years
Category
Short-Term Bond
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
1,500
Status
Limited
TTM Yield
1.35%
Effective Duration
1.25 years
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Morningstar’s Analysis

Will FPNIX outperform in future?

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

Tom Atteberry Stepping Down in Mid-2022; Rating Unchanged

Strategist

Analyst Note

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Tom Atteberry, who joined FPA in 1997 and has led FPA New Income since 2010, will step down from portfolio management responsibilities on July 1, 2022, and assume a senior advisor role at the firm. The long transition should allow Atteberry time to formally hand off his remaining responsibilities to his skilled comanager since 2015, Abhijeet Patwardhan, who also has been director of research since that year. He’s also run FPA Flexible Fixed Income FPFIX with Atteberry since 2018.

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