FPA New Income - Institutional (FPNIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

9.92

+0.02 (0.20%)

Aug 25, 2026, 4:00 PM EDT

-1.49% (1Y)

Fund Assets	10.89B
Expense Ratio	0.45%
Min. Investment	$1,500
Turnover	41.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	n/a
Ex-Dividend Date	n/a

Previous Close	9.90
YTD Return	0.43%
1-Year Return	2.36%
5-Year Return	15.90%
52-Week Low	9.85
52-Week High	10.17
Beta (5Y)	0.04
Holdings	343
Inception Date	Apr 1, 1969

About FPNIX

FPA New Income Fund Institutional Class is a mutual fund focused on delivering long-term total returns, primarily through income generation and capital appreciation, while maintaining a strong emphasis on capital preservation. The fund invests predominantly in a diversified portfolio of high-quality debt instruments, including U.S. Treasury bills and notes, agency mortgage-backed securities, and select securitized credit and corporate bonds. It is categorized within the short-term bond sector, characterized by limited interest rate sensitivity and high credit quality, aiming to minimize both credit and duration risk. With an effective duration of around 3.2 years and an expense ratio of 0.45%, the fund targets stability and downside protection in volatile market conditions. Its holdings are widely diversified, with no single position comprising a significant portion of the total assets, and the largest allocations are typically to government-backed securities. The FPA New Income Fund Institutional Class plays a vital role in the financial market as a conservative fixed income solution, appealing to institutional and risk-averse investors seeking steady returns with a strong focus on risk management and capital preservation.

Fund Family FPA

Category Short-Term Bond

Performance Rating Above Average

Risk Rating Average

Stock Exchange NASDAQ

Ticker Symbol FPNIX

Share Class Institutional Class

Index Bloomberg U.S. Aggregate Bond TR

Performance

FPNIX had a total return of 2.36% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.44%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FPNRX	Investor Class	0.55%