FPA New Income Fund Institutional (FPNIX)
10.11
-0.01
(-0.10%)
USD |
Dec 04 2025
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.45% | 10.65B | -- | 63.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 1.314B | 6.47% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide long-term total return, which includes income and capital appreciation, while considering capital preservation. The Fund invests in a diversified portfolio of debt securities, cash, and cash equivalents. The Fund invests in highly rated debt securities and invests at least 75% of total assets. |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Medium Term |
| Peer Group | Short-Intmdt Investment Grade Debt Funds |
| Global Macro | Bond HC |
| US Macro | Short/Intermediate Investment-Grade Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short-Intmdt Investment Grade Debt Funds |
| Fund Owner Firm Name | FPA |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
1
-321.95M
Peer Group Low
183.96M
Peer Group High
1 Year
% Rank:
6
1.314B
-1.178B
Peer Group Low
4.405B
Peer Group High
3 Months
% Rank:
4
-214.99M
Peer Group Low
787.32M
Peer Group High
3 Years
% Rank:
17
-4.688B
Peer Group Low
4.022B
Peer Group High
6 Months
% Rank:
3
-715.07M
Peer Group Low
4.738B
Peer Group High
5 Years
% Rank:
17
-4.362B
Peer Group Low
6.864B
Peer Group High
YTD
% Rank:
6
-771.60M
Peer Group Low
4.426B
Peer Group High
10 Years
% Rank:
18
-4.294B
Peer Group Low
33.34B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of December 05, 2025.
Asset Allocation
As of September 30, 2025.
| Type | % Net |
|---|---|
| Cash | 0.46% |
| Stock | 1.73% |
| Bond | 93.59% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 4.21% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| United States of America USGB 3.875 06/30/2030 FIX USD Government | 11.52% | 100.91 | -0.20% |
| United States of America USGB 10/09/2025 FIX USD Government (Matured) | 3.64% | 100.00 | 0.00% |
| United States of America USGB 3.625 08/31/2030 FIX USD Government | 3.06% | 99.82 | -0.19% |
| United States of America USGB 10/02/2025 FIX USD Government (Matured) | 2.89% | 100.00 | 0.00% |
|
United States of America (Government) 3.625% 30-SEP-2030
|
1.45% | -- | -- |
| PHI Group, Inc. (Louisiana) | 1.18% | 32.00 | 0.00% |
|
FORTRESS CREDIT OPPORTUNITIES CLO LIMITED 9R A1T FLT 6.06771% 15-OCT-2033
|
1.16% | -- | -- |
|
Federal National Mortgage Association 01-MAR-2037 FS1967
|
1.10% | -- | -- |
| United States of America USGB 4.625 09/30/2030 FIX USD Government | 1.08% | 104.16 | -0.19% |
|
VERIZON MASTER TRUST 242 A SEQ FIX 4.83% 22-DEC-2031
|
0.85% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.37% |
| Administration Fee | 1.31M% |
| Maximum Front Load | 0.00% |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | 0.00% |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 1500.00 None |
| Minimum Subsequent Investment | 100.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide long-term total return, which includes income and capital appreciation, while considering capital preservation. The Fund invests in a diversified portfolio of debt securities, cash, and cash equivalents. The Fund invests in highly rated debt securities and invests at least 75% of total assets. |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Medium Term |
| Peer Group | Short-Intmdt Investment Grade Debt Funds |
| Global Macro | Bond HC |
| US Macro | Short/Intermediate Investment-Grade Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short-Intmdt Investment Grade Debt Funds |
| Fund Owner Firm Name | FPA |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (12-3-25) | 4.01% |
| 30-Day SEC Yield (9-30-25) | 3.71% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 360 |
| Bond | |
| Yield to Maturity (9-30-25) | 3.93% |
| Effective Duration | 3.30 |
| Average Coupon | 4.01% |
| Calculated Average Quality | 1.324 |
| Effective Maturity | 9.815 |
| Nominal Maturity | 9.816 |
| Number of Bond Holdings | 338 |
As of September 30, 2025
Fund Details
| Key Dates | |
| Inception Date | 7/11/1984 |
| Last Annual Report Date | 9/30/2024 |
| Last Prospectus Date | 1/31/2025 |
| Share Classes | |
| FPNRX | Inv |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Synthetic Replication Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:FPNIX", "name") |
| Broad Asset Class: =YCI("M:FPNIX", "broad_asset_class") |
| Broad Category: =YCI("M:FPNIX", "broad_category_group") |
| Prospectus Objective: =YCI("M:FPNIX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |