About FFIRX
FPA Flexible Fixed Income Fund is a mutual fund specializing in nontraditional bond strategies with a flexible investment mandate. Its primary objective is to achieve long-term total return by balancing income generation, capital appreciation, and capital preservation. The fund is notable for imposing few constraints on its investment allocations, allowing it to hold a broad mix of fixed income securities across credit qualities, durations, and sectors. It can allocate up to 75% of its assets to securities rated BBB or lower, and maintain a portfolio with positive duration, currently at an average of approximately 3.3 years.
The fund's holdings are diversified, with significant exposure to high-quality government instruments such as U.S. Treasury notes and bills, along with mortgage-backed securities and select corporate bonds. This unconstrained approach is designed to adapt to varying market conditions and seek to outperform inflation by a targeted margin over multi-year periods. Managed by First Pacific Advisors, the fund is recognized for its risk-aware culture and is frequently used by institutional investors seeking a flexible, actively managed fixed income solution for diversification and volatility mitigation within broader portfolios.
Fund Family FPA
Category Nontraditional Bond
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FFIRX
Share Class Investor Class
Index FTSE EPRA Nareit Developed NR USD
