FPNIX – FPA New Income - Institutional 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. The fund primarily invests in a diversified portfolio of debt instruments, cash and cash equivalents. It generally invests in highly rated debt instruments and invests at least 75% of its total assets, calculated at market value at the time of purchase, in debt instruments rated at least A- or its equivalent by a NRSRO and in cash equivalent securities.

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
FPNIX	FPA New Income - Institutional	No Load	Open			Jul 11, 1984	$11.33B	0.450%	Average	$1,500	$1.16B
FPNRX	FPA New Income - Investor	No Load	Open			Apr 30, 2024	$81.15M	0.550%	Average	$1,500	$52.76M

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