FPA Flexible Fixed Income (FPFIX)
| Fund Assets | 1.78B |
| Expense Ratio | 0.55% |
| Min. Investment | $100,000 |
| Turnover | 58.00% |
| Dividend (ttm) | 0.44 |
| Dividend Yield | 4.17% |
| Dividend Growth | -7.46% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 25, 2025 |
| Previous Close | 10.44 |
| YTD Return | 5.43% |
| 1-Year Return | 5.40% |
| 5-Year Return | 19.92% |
| 52-Week Low | 10.03 |
| 52-Week High | 10.46 |
| Beta (5Y) | 0.07 |
| Holdings | 394 |
| Inception Date | Dec 31, 2018 |
About FPFIX
FPA Flexible Fixed Income Fund Institutional Class is an actively managed mutual fund focused on diversified fixed income investing. The fund’s primary objective is to generate a positive absolute return over time through current income and long-term capital appreciation, with a strong emphasis on capital preservation across market cycles. It employs a flexible, benchmark-agnostic approach that allows broad latitude across sectors, credit tiers, and securitized markets, while maintaining a positive portfolio duration. The strategy invests in U.S. Treasuries, agency mortgage-backed securities, asset-backed and structured credit, and selectively in corporates, with the ability to allocate meaningfully to BBB-and-below exposures when compensated for risk. Classified in the nontraditional bond category, the fund targets risk management through shorter effective duration and rigorous underwriting of underlying collateral in securitized assets. Its role in the market is to provide a defensively oriented core-plus fixed income allocation that seeks to dampen interest-rate sensitivity while pursuing attractive, risk-adjusted income across changing credit environments.
Performance
FPFIX had a total return of 5.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.81%.
Top 10 Holdings
26.00% of assets| Name | Symbol | Weight |
|---|---|---|
| US TREASURY N/B - United States Treasury Note | 91282CMD | 12.11% |
| United States Treasury Bill | 912797NX | 4.54% |
| US TREASURY N/B - United States Treasury Note | 91282CMA | 2.56% |
| US TREASURY N/B - United States Treasury Note | 91282CLR | 1.26% |
| US TREASURY N/B - United States Treasury Note | 91282CMU | 0.97% |
| US TREASURY N/B - United States Treasury Note | 91282CMG | 0.96% |
| Fannie Mae Pool | 3140XHFH | 0.95% |
| Freddie Mac Pool | 3133KYU5 | 0.94% |
| Freddie Mac Pool | 3133KYVB | 0.86% |
| Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio | MISXX | 0.85% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 25, 2025 | $0.03074 | Sep 25, 2025 |
| Aug 28, 2025 | $0.03103 | Aug 28, 2025 |
| Jul 24, 2025 | $0.03212 | Jul 24, 2025 |
| Jun 26, 2025 | $0.03268 | Jun 26, 2025 |
| May 29, 2025 | $0.03292 | May 29, 2025 |
| Apr 24, 2025 | $0.03352 | Apr 24, 2025 |