From a distance, FPA New Income looks a little complicated, but up close, its style is relatively simple and very effective.
FPA New Income - Investor FPNRX
- NAV / 1-Day Return 9.96 / +0.20 %
- Total Assets 11.2B
-
Adj. Expense Ratio
0.550%
- Expense Ratio 0.550%
- Distribution Fee Level 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 4.11%
- Effective Duration 3.33 years
USD | NAV as of Jun 12, 2026 | 1-Day Return as of Jun 12, 2026, 12:15 AM GMT+0
Morningstar’s Analysis FPNRX
Will FPNRX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
The People Pillar is our evaluation of the FPNRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of FPNRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 33.7
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
United States Treasury Notes | 9.10 | 1B | Government |
United States Treasury Notes | 7.47 | 826M | Government |
United States Treasury Notes | 7.33 | 811M | Government |
United States Treasury Notes | 3.26 | 360M | Government |
United States Treasury Bills | 2.59 | 286M | Government |
United States Treasury Notes | 1.98 | 219M | Government |
United States Treasury Bills | 1.87 | 207M | Government |
United States Treasury Bills | 1.05 | 116M | Government |
PHI Group Inc | 1.03 | 114M | Industrials |
Federal National Mortgage Association | 0.97 | 107M | Securitized |
United States