Benchmark indifferent, seeks to provide a positive return in a 12-month period.
May invest up to 25% in credit sensitive securities (BBB+ & below).
Bottom-up research, cash allocation is a residual of investment opportunities.
Fund Facts are as of September 30, 2018.
Morningstar evaluates funds based on five key pillars - Process, Performance, People, Parent, and Price - which its analysts believe lead to funds that are more likely to outperform over the long term on a risk-adjusted basis. Analysts assign a rating of Positive, Neutral, or Negative to each pillar. The Bronze analyst rating indicates the analysts conviction that the fund displays notable advantages across several, but perhaps not all, of the five pillars.
Abhi joined FPA in 2010. He serves as Portfolio Manager and Director of Research for the FPA New Income, Inc. and Portfolio Manager for Source Capital, Inc. Prior to joining FPA, Abhi was an investment analyst at Reservoir Capital Group and D.B. Zwirn & Co. and an investment banking analyst at UBS Warburg and Donaldson, Lufkin & Jenrette. He earned a Bachelor’s degree in Economics, summa cum laude, and an MBA from the Wharton School of the University of Pennsylvania.