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Synopsis: In an interview with Consuelo Mack on PBS’s Wealthtrack, FPA New Income, Inc. (FPNIX) Senior Advisor Tom Atteberry discusses new investment opportunities in bonds.
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. The FPA Funds are distributed by UMB Distribution Services, LLC.
There is no guarantee that the Fund will achieve its investment objectives. Portfolio composition will change due to ongoing management of the Fund. References to individual investments or sectors should not be construed as a recommendation by the Fund, the portfolio managers, the Adviser, or the distributor to purchase or sell such investments or invest in such sectors, and any information provided is not a sufficient basis upon which to make an investment decision. It should not be assumed that future investments will be profitable or will equal the performance of the investment or sector examples discussed. Comparison to indices is for illustrative purposes only. The Fund does not include outperformance of any index or benchmark in the investment objectives. The portfolio holdings as of June 30, 2022 may be obtained here.
Morningstar Short-term Bond Category
Short-term bond portfolios invest primarily in corporate and other investment-grade U.S. fixed-income issues and typically have durations of 1.0 to 3.5 years. These portfolios are attractive to fairly conservative investors, because they are less sensitive to interest rates than portfolios with longer durations. Morningstar calculates monthly breakpoints using the effective duration of the Morningstar Core Bond Index (MCBI) in determining duration assignment. Short-term is defined as 25% to 75% of the three-year average effective duration of the MCBI. As of June 30, 2022, there were 615 funds in this category. ©2022 Morningstar, Inc. All Rights Reserved.
Past performance is no guarantee, nor is it indicative, of future results.