FPNIX : FPA New Income Fund

FPNIX is a Bond Market High Yield Bond with LOW fees.

FPNIX

FPA New Income Fund

FI Score

68 /100

Expense Ratio Rating

8 /10

Expense Rating

5 /10

Market Score

9 /10

Category Score

0 /10

Market Size

9 /10

68% FI Score
  • fpnix
  • Mutual Fund
  • Bond
  • High Yield Bond

FPA New Income Fund

Expenses: 0.50% (Better than 1% of similar funds)

This is an OK choice for a High Yield Bond Bond fund. See why ยป

Fund Summary

The investment seeks to provide long-term total return, which includes income and capital appreciation, while considering capital preservation. The fund primarily invests in a diversified portfolio of debt securities, cash and cash equivalents. It generally invests in highly rated debt securities and will invest at least 75% of its total assets, calculated at market value at the time of purchase, in debt securities rated at least A- or its equivalent by a NRSRO. The fund may invest up to 25% of its total assets, calculated at market value at the time of purchase, in debt securities that are rated below A- or its equivalent by a NRSRO or that are unrated.

Largest Holdings

Amount Holding
1.15% AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST 2.87%
1.05% VERIZON OWNER TRUST 1.94%
0.98% ALLY AUTO RECEIVABLES TRUST 1.93%
0.94% Government National Mortgage Association 3.1%
0.91% Wf-Rbs Com Mg Tst 3%
0.89% Synchrony Card Issuance Trust 2018-1 2.34%
0.89% Towd Point Mortgage Trust 2015-3 3.25%
0.85% WESTLAKE AUTOMOBILE RECEIVABLES TRUST 1.94%
0.85% Boart Longyear Management Pty., Ltd. 10%
0.85% Fortress Credit Investments IV Limited 3.24%
0.82% Ascentium Equipment Receivables Trust 2.83%
0.79% Barclays Dryrock Issuance Trust 1.96%
0.78% Synchrony Card Issuance Trust 2018-1 3.38%
0.76% Toyota Auto Receivables 2020-A Owner Trust 1.66%
0.72% HONDA AUTO RECEIVABLES OWNER TRUST 1.61%
0.70% ZAIS CLO 14 LTD 3%
0.68% CARMAX AUTO OWNER TRUST 2.18%
0.68% JP Morgan Chase Commercial Mortgage Securities Corp 3.09%
0.67% MERCEDES-BENZ AUTO RECEIVABLES TRUST 1.94%
0.67% Cim Trust 5%
0.66% HERCULES CAPITAL FUNDING TRUST 4.7%
0.65% StoneMor Partners L.P. / Cornerstone Family Services West Virginia Subsidia
0.65% ENTERPRISE FLEET FINANCING LLC 2.29%
0.64% TOWD POINT MORTGAGE TRUST 3.75%
0.64% DBUBS 2011-LC1 MTG TR 4.54%

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