The views expressed in these articles, commentaries or recordings are those of the author and/or presenter at the time created and is for informational purposes only. They do not necessarily reflect the views of FPA or the distributor. Future events, results or views may vary significantly from those expressed and 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, and certain assumptions may prove to be inaccurate. 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. FPA shall not be responsible for any trading decisions, damages or other losses from or related to the information, data analysis or opinions or their use. 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 not construe the contents herein as legal, tax, accounting, or other advice or recommendations.
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.
Abhi Patwardhan, Portfolio Manager and Co-Director of Research of the FPA New Income Fund and FPA Flexible Fixed Income Fund, sits down with InvestmentNews anchor Gregg Greenberg to discuss his team’s strategy for bond investing in the current economic environment.
Please click here for Standardized Performance for the FPA New Income Fund (“FNI”). Please click here for Standardized Performance for the FPA Flexible Fixed Income Fund (“FFI”). Please click here for the principal risks of investing in the funds. You should consider each fund's investment objectives, risks, and charges and expenses carefully before you invest. The Prospectus for each fund details their objective and policies and other matters of interest to the prospective investor. Please read the Prospectus carefully before investing. The Prospectus for each fund may be obtained by clicking here, by calling toll-free, 1-800-982-4372, or by contacting each fund in writing. Comparison to indices are for illustrative purposes only. FNI and FFI do not include outperformance of any index or benchmark in their investment objectives.
The FPA Funds are distributed by UMB Distribution Services, LLC (UMB). UMB and FPA are not affiliated.
Definition of terms used:
Duration: The measure of how much a bond's value will change if interest rates fluctuate. It's a key factor in fixed income investing and is used to evaluate a bond's interest rate risk.
Credit risk: The possibility that a borrower will not repay a debt, which can result in a financial loss for the lender.
High Yield (HY) bond: A high paying bond with a lower credit rating than investment-grade corporate bonds, Treasury bonds and municipal bonds. Because of the higher risk of default, these bonds pay a higher yield than investment grade bonds.
Yield: The return an investor realizes on an investment in a bond. The current yield is the bond's coupon rate divided by its market price.
Past performance is no guarantee, nor is it indicative, of future results.
Click the link below to watch the interview video on InvestmentNews.com: