The views expressed in these articles and commentaries are those of the author at the time created. They do not necessarily reflect the views of FPA or the distributor. These views are subject to change at any time based on market and other conditions, and FPA and/or the Distributor disclaims any responsibility to update such views. No forecasts can be guaranteed. These views may not be relied upon as investment advice or as indication of trading intent on behalf of any FPA portfolio or the distributor and should not be construed as an offer to sell or a solicitation of an offer to buy securities or any product mentioned in this article. This information and data has been prepared from sources believed reliable. However, the accuracy and completeness of the information cannot be guaranteed and is not a complete summary or statement of all available data. FPA has received certain nominations or awards by third-parties as reflected herein. Investors should review the criteria for each nomination or award as reflected on the third-party’s webpage.
You should consider the Fund’s investment objectives, risks, fees and expenses before investing. The Prospectus contain this and other important information which should be read carefully before investing.
FPA started managing the New Income Fund in 1984, and since that time has not had a negative calendar year. This Barron’s piece covers both the Fund’s long-term track record, as well as how portfolio managers Thomas Atteberry and Abhijeet Patwardhan have adjusted the portfolio as bond markets have sold off and yields have picked up.
Please note that auto loan example contained in this piece is for illustrative purposes only and does not necessarily reflect the overall loan-to-value of the underlying collateral for auto asset backed securities in which the Fund invests.
Please click here for Standardized Performance for FPA New Income, Inc. (“Fund”). Please click here for the principal risks of investing in the Fund. You should consider the Fund's investment objectives, risks, and charges and expenses carefully before you invest. The Prospectus details the Fund's objective and policies and other matters of interest to the prospective investor. Please read this Prospectus carefully before investing. The Prospectus may be obtained by clicking here, by calling toll-free, 1-800-982-4372, or by contacting the Fund in writing. Past performance is no guarantee, nor is it indicative, of future results. Comparison to indices are for illustrative purposes only. The Fund does not include outperformance of any index or benchmark in the investment objectives. The FPA Funds are distributed by UMB Distribution Services, LLC.