FPFIX – FPA Flexible Fixed Income Investment Strategy | Morningstar

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Strategy

The investment seeks to provide long-term total return, which includes income and capital appreciation, while considering capital preservation. Under normal circumstances, the fund invests at least 80% of the value of its assets in a diversified portfolio of debt instruments. The fund may invest up to 75% of its total assets in securities rated less than "A" (or its equivalent) by a nationally recognized statistical rating organization ("NRSRO").

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FFIAX	FPA Flexible Fixed Income Fund Advisor Class	No Load	Open			Apr 16, 2021	$80.52M	0.600%	Low	$1,500	$11.00M
FFIRX	FPA Flexible Fixed Income Fund Investor Class	No Load	Open			Jul 1, 2025	$36.97M	0.650%	Below Average	$1,500	—
FPFIX	FPA Flexible Fixed Income Fund	Institutional	Open			Dec 31, 2018	$2.01B	0.550%	Low	$100,000	$329.56M

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