FPA New Income’s approach can look stodgy in frothy markets but has made up for it by protecting investors when things go sour. We have raised its Process Pillar rating to High from Above Average.
FPA New Income - Institutional FPNIX
- NAV / 1-Day Return 9.94 / −0.50 %
- Total Assets 8.8 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.450%
- Distribution Fee Level Below Average
- Share Class Type No Load
- Category Short-Term Bond
- Credit Quality / Interest Rate Sensitivity High/Limited
- Min. Initial Investment 1,500
- Status Open
- TTM Yield 4.06%
- Effective Duration 3.21 years
USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:28 PM GMT+0
Morningstar’s Analysis FPNIX
Will FPNIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 14.1
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
United States Treasury Bills | 4.32 | 366.0 Mil | Government |
United States Treasury Notes | 3.14 | 265.8 Mil | Government |
United States Treasury Notes | 1.53 | 129.5 Mil | Government |
Fnma Pass-Thru I | 1.48 | 125.2 Mil | Securitized |
Fortress Credit Investments IV Limited | 1.40 | 118.8 Mil | Securitized |
United States Treasury Notes | 1.27 | 108.0 Mil | Government |
United States Treasury Notes | 1.12 | 94.8 Mil | Government |
Federal National Mortgage Association | 1.07 | 90.3 Mil | Securitized |
Fnma Pass-Thru I | 1.06 | 89.9 Mil | Securitized |
GOLUB CAPITAL PARTNERS ABS FUNDING LLC | 1.04 | 88.2 Mil | Securitized |