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FPA New Income (FPNIX) Fund Ranking and Research

Ranking, Research and Recommendation of FPA New Income (FPNIX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of FPA New Income Fund (FPNIX) ManagerFund Manager - Thomas Atteberry

Fund Manager Information

Fund Manager Tenure: 13.1 years
Fund Family: FPA
Fund Category: Nontraditional Bond
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.64)     (What does this score mean?)
Honorable Mentioning: Money Magazine (2011),

 

Graph of FPA New Income Fund (FPNIX) ProfileFPA New Income Fund (FPNIX) Profile

Fund Profile and Description

FPA New Income Fund seeks current income and long-term total return. FPA New Income Fund invests at least 65% assets in income producing securities. It generally invests a significant portion (50% or more) of total assets in debt obligations issued or guaranteed by the United States Government and its agencies and instrumentalities, including mortgage-backed securities. FPA New Income Fund may invest up to 10% of assets in securities of foreign issuers.

 

FPA New Income (FPNIX) Fund Strength What we like about FPA New Income (FPNIX) Fund

Data for FPA New Income Fund (FPNIX) as of May 30, 2016

  • FPA New Income Fund (FPNIX) management has been with FPA New Income Fund for 13.1 years
  • FPA New Income Fund (FPNIX) has good short-term performance (1-year return 0.16% vs -0.59% Nontraditional Bond category median performance)
  • FPA New Income Fund (FPNIX) has good mid-term performance (3-year return 0.76% vs 0.28% Nontraditional Bond category median performance)
  • FPA New Income Fund (FPNIX) ratio of up-years vs down years is greater than 2
  • FPA New Income Fund (FPNIX) has an annual stock turnover rate of 29.00% vs Nontraditional Bond average of 231.27%. It is good that FPA New Income management does not trade extensively for its return.
  • FPA New Income Fund (FPNIX) is less volatile than its peers as it has a 3-year Standard Deviation of 0.77, lower than category average of 3.24
  • FPA New Income Fund (FPNIX) has a lower expense ratio than its Nontraditional Bond average: 0.58% vs 1.21%
  • FPA New Income Fund (FPNIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

FPA New Income Fund (FPNIX) Weakness What we are cautious about FPA New Income (FPNIX) Fund

Data for FPA New Income Fund (FPNIX) as of May 30, 2016

  • FPA New Income Fund (FPNIX) has a less-than-ideal Long-term performance (5-year return 1.17% vs 1.74% Nontraditional Bond category median performance)
  • FPA New Income Fund (FPNIX) has a Morningstar rating of 3 and below
  • Asset base in FPA New Income Fund (FPNIX) has been consistently decreasing in the last 2 months. It shows lacks of investor confidence and market support
See FPA New Income Fund (FPNIX) performance details as of May 30, 2016

 

What do you think?

 

Compare FPA New Income Fund (FPNIX)Compare with other top Nontraditional Bond category mutual funds

Aadditional top Nontraditional Bond mutual funds for your consideration

FundYear to Date1 Year3 year5 year
FPA New Income0.910.160.761.17
Columbia Strategic Income Z (LSIZX)4.651.352.924.44Compare
JPMorgan Unconstrained Debt Select (JSISX)2.861.481.963.01Compare
Columbia Strategic Income W (CTTWX)4.651.082.704.22Compare

See top fund managers for Nontraditional Bond Category Funds

 

Graph of FPA New Income Fund (FPNIX) Net Asset TrackingFPA New Income (FPNIX) Fund Net Asset

Track net asset change of FPA New Income fund (FPNIX)

DateNet Asset
05/2016$5.29B
03/2016$5.34B
02/2016$5.41B
More historic net asset information on FPA New Income Fund (FPNIX)

  

Graph of FPA New Income Fund (FPNIX) Portfolio TrackingFPA New Income (FPNIX) Fund Portfolio Allocation

Track portfolio allocation change of FPA New Income fund (FPNIX)

DateCashStockBondOther
03/20169.98%0%89.64%0.38%
12/20157.03%0%92.69%0.28%
09/20158.72%0%90.09%1.19%
Click here to see more historic asset allocation information on FPA New Income Fund (FPNIX)

 

graph of FPA New Income Fund (FPNIX) Top 10 Position TrackingTop 10 Holdings in FPA New Income (FPNIX) Fund

Discover what FPA New Income Fund (FPNIX) manager is buying

Mar 30, 2016
US Treasury Note 1.375% [1.95%]
US Treasury Note 1% [1.33%]
Entpr Fleet Fnc 2015-2 1.59% [1.12%]
FNMA CMO 2.25% [1.09%]
Ge Cap Ccmt 2012-6 1.36% [1.08%]
Nrz Adv Recv Tr 2015-T3 2.5404% [1.05%]
Cap One Cc Tr 2014-2a 1.26% [1.05%]
Thompson Creek Metals Co 9.75% [1.03%]
Pfs Financing Corp 2016-A FRN [1.02%]
Cabelas Cc Mstr Tr 2012-Ii 1.45% [1.02%]

Dec 30, 2015
Reynolds Grp Issuer 7.875% [1.4%]
US Treasury Note 1% [1.32%]
FNMA CMO 2.25% [1.13%]
Puerto Rico Comwlth Aqueduct & Sr 8.75% [1.12%]
Entpr Fleet Fnc 2015-2 1.59% [1.12%]
Ge Cap Ccmt 2012-6 1.36% [1.07%]
Nrz Adv Recv Tr 2015-T3 2.5404% [1.05%]
Cap One Cc Tr 2014-2a 1.26% [1.05%]
Cabelas Cc Mstr Tr 2012-Ii 1.45% [1.02%]
Comm Mtg Tr 2012-9w57 CMO 2.3646% [1.01%]

Sep 29, 2015
Reynolds Grp Issuer 7.875% [1.32%]
FNMA CMO 2.25% [1.12%]
Entpr Fleet Fnc 2015-2 1.59% [1.07%]
FNMA CMO 3.5% [1.04%]
Ge Cap Ccmt 2012-6 1.36% [1.02%]
Cap One Cc Tr 2014-2a 1.26% [1%]
Comm Mtg Tr 2012-9w57 CMO 2.3646% [0.96%]
Thompson Creek Metals Co 9.75% [0.96%]
Algeco Scotsman Global Fin 144A 8.5% [0.95%]
Towd Point Mtg Tr 2015-2 FRN [0.95%]
Click here for Stock Holding Change Map in FPA New Income Fund (FPNIX)

  

Latest News on FPA New Income (FPNIX) Fund

See what is happening with FPA New Income Fund (FPNIX)

 

FPA New Income Fund (FPNIX) Related ResourcesSee more information on FPA New Income (FPNIX) Fund

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