FPA Flexible Fixed Income Fund (FPFIX)
Under normal circumstances, the fund invests at least 80% of the value of its assets in a diversified portfolio of debt instruments. The fund may invest up to 75% of its total assets in securities rated less than "A" (or its equivalent) by a nationally recognized statistical rating organization ("NRSRO").
Fund Info
US30254T7182
30254T718
Dec 30, 2018
$100,000
Expense Ratio
FPFIX has an expense ratio of 0.51%, placing it in the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
FPA Flexible Fixed Income Fund (FPFIX) returned 2.25% year-to-date (YTD) and 6.51% over the past 12 months.
FPFIX
2.25%
-0.49%
1.96%
6.51%
5.24%
3.67%
N/A
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of FPFIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.67% | 1.33% | 0.33% | 0.49% | -0.58% | 2.25% | |||||||
| 2024 | 0.63% | -0.17% | 0.71% | -0.90% | 1.31% | 0.79% | 1.68% | 1.08% | 1.05% | -1.38% | 0.77% | -0.38% | 5.28% |
| 2023 | 1.82% | -0.14% | 0.57% | 0.49% | 0.30% | 0.40% | 0.51% | 0.74% | -0.06% | 0.04% | 1.89% | 2.14% | 9.02% |
| 2022 | -0.19% | -0.46% | -0.82% | -0.52% | -0.20% | -0.71% | 0.63% | -0.24% | -0.96% | -0.53% | 0.86% | 0.27% | -2.83% |
| 2021 | 0.49% | 0.16% | 0.09% | 0.27% | 0.18% | -0.02% | 0.08% | 0.16% | 0.05% | -0.05% | 0.15% | -0.13% | 1.44% |
| 2020 | 0.73% | 0.63% | -2.70% | 1.44% | 0.73% | 1.10% | 0.39% | 0.49% | 0.54% | 0.21% | 0.60% | 0.11% | 4.30% |
| 2019 | 0.31% | 0.05% | 0.69% | 0.37% | 0.69% | 0.50% | -0.08% | 0.82% | -0.04% | 0.36% | 0.04% | 0.03% | 3.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 92, FPFIX is among the top 8% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for FPA Flexible Fixed Income Fund (FPFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
FPA Flexible Fixed Income Fund provided a 4.25% dividend yield over the last twelve months, with an annual payout of $0.43 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.48 | $0.48 | $0.28 | $0.23 | $0.30 | $0.25 |
Dividend yield | 4.25% | 4.76% | 4.78% | 2.92% | 2.26% | 2.94% | 2.42% |
Monthly Dividends
The table displays the monthly dividend distributions for FPA Flexible Fixed Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.03 | $0.03 | $0.03 | $0.00 | $0.14 | |||||||
| 2024 | $0.02 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.48 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2022 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.28 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.04 | $0.23 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.30 |
| 2019 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.25 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the FPA Flexible Fixed Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the FPA Flexible Fixed Income Fund was 4.29%, occurring on Nov 3, 2022. Recovery took 128 trading sessions.
The current FPA Flexible Fixed Income Fund drawdown is 0.68%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -4.29% | Nov 10, 2021 | 248 | Nov 3, 2022 | 128 | May 10, 2023 | 376 |
| -3.8% | Mar 6, 2020 | 14 | Mar 25, 2020 | 62 | Jun 23, 2020 | 76 |
| -1.88% | Sep 17, 2024 | 37 | Nov 6, 2024 | 72 | Feb 24, 2025 | 109 |
| -1.36% | Apr 7, 2025 | 5 | Apr 11, 2025 | — | — | — |
| -1.08% | Mar 28, 2024 | 13 | Apr 16, 2024 | 15 | May 7, 2024 | 28 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...