FPA New Income Fund (FPNIX)
The fund primarily invests in a diversified portfolio of debt securities, cash and cash equivalents. It generally invests in highly rated debt securities and will invest at least 75% of its total assets, calculated at market value at the time of purchase, in debt securities rated at least A- or its equivalent by a NRSRO. The fund may invest up to 25% of its total assets, calculated at market value at the time of purchase, in debt securities that are rated below A- or its equivalent by a NRSRO or that are unrated.
Fund Info
US3025441011
302544101
Jul 11, 1984
$1,500
Expense Ratio
FPNIX has an expense ratio of 0.45%, 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 New Income Fund (FPNIX) returned 2.83% year-to-date (YTD) and 6.69% over the past 12 months. Over the past 10 years, FPNIX returned 2.58% annually, underperforming the S&P 500 benchmark at 10.82%.
FPNIX
2.83%
-0.30%
2.56%
6.69%
4.76%
2.98%
2.58%
^GSPC (Benchmark)
0.12%
6.51%
-1.84%
10.98%
12.30%
14.10%
10.82%
Monthly Returns
The table below presents the monthly returns of FPNIX, 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 | 0.63% | 1.55% | 0.41% | 0.82% | -0.60% | 2.83% | |||||||
| 2024 | 0.58% | -0.38% | 0.66% | -0.88% | 1.09% | 0.76% | 1.69% | 1.05% | 1.04% | -1.36% | 0.75% | -0.47% | 4.58% |
| 2023 | 1.45% | -0.56% | 1.13% | 0.42% | -0.10% | -0.09% | 0.56% | 0.95% | 0.18% | 0.06% | 1.75% | 1.94% | 7.91% |
| 2022 | -0.29% | -0.43% | -1.02% | -0.50% | 0.03% | -0.57% | 0.69% | -0.62% | -1.02% | -0.38% | 0.91% | 0.07% | -3.11% |
| 2021 | 0.34% | 0.03% | -0.00% | 0.09% | 0.21% | -0.01% | 0.20% | -0.02% | 0.17% | -0.03% | -0.03% | -0.14% | 0.81% |
| 2020 | 0.51% | 0.51% | -2.38% | 1.14% | 0.62% | 0.88% | 0.28% | 0.27% | 0.17% | 0.15% | 0.15% | 0.24% | 2.52% |
| 2019 | 0.38% | 0.10% | 0.68% | 0.40% | 0.62% | 0.31% | 0.11% | 0.61% | 0.11% | 0.31% | 0.11% | 0.02% | 3.82% |
| 2018 | 0.00% | 0.20% | 0.20% | 0.06% | 0.40% | 0.20% | 0.10% | 0.30% | -0.00% | 0.13% | 0.20% | 0.49% | 2.31% |
| 2017 | 0.20% | 0.30% | 0.10% | 0.20% | 0.40% | 0.00% | 0.40% | 0.30% | 0.30% | 0.05% | 0.20% | 0.18% | 2.67% |
| 2016 | -0.10% | 0.20% | 0.50% | 0.40% | -0.10% | 0.50% | 0.25% | 0.30% | 0.20% | 0.10% | -0.20% | 0.45% | 2.53% |
| 2015 | 0.40% | -0.00% | 0.20% | 0.20% | 0.10% | -0.00% | -0.00% | -0.30% | 0.20% | -0.20% | -0.10% | -0.34% | 0.15% |
| 2014 | 0.39% | 0.19% | -0.00% | 0.19% | 0.29% | 0.10% | -0.10% | 0.20% | -0.00% | 0.10% | 0.10% | -0.15% | 1.32% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 93, FPNIX is among the top 7% 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 New Income Fund (FPNIX) 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 New Income Fund provided a 4.30% 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 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.43 | $0.43 | $0.20 | $0.12 | $0.22 | $0.26 | $0.31 | $0.28 | $0.23 | $0.19 | $0.29 |
Dividend yield | 4.30% | 4.39% | 4.39% | 2.12% | 1.21% | 2.18% | 2.64% | 3.10% | 2.84% | 2.31% | 1.87% | 2.82% |
Monthly Dividends
The table displays the monthly dividend distributions for FPA New 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.13 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.43 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.05 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.20 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.12 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.22 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.08 | $0.31 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.07 | $0.28 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.07 | $0.23 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.03 | $0.00 | $0.04 | $0.19 |
| 2014 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.05 | $0.00 | $0.08 | $0.29 |
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 New 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 New Income Fund was 5.13%, occurring on Oct 19, 1987. Recovery took 13 trading sessions.
The current FPA New Income Fund drawdown is 0.60%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.13% | Aug 18, 1987 | 45 | Oct 19, 1987 | 13 | Nov 5, 1987 | 58 |
| -4.69% | Oct 21, 2021 | 252 | Oct 20, 2022 | 214 | Aug 29, 2023 | 466 |
| -3.98% | Jul 3, 2002 | 26 | Aug 9, 2002 | 121 | Feb 3, 2003 | 147 |
| -3.91% | Dec 30, 1993 | 95 | May 11, 1994 | 187 | Jan 27, 1995 | 282 |
| -3.71% | Jan 2, 1992 | 53 | Mar 16, 1992 | 64 | Jun 12, 1992 | 117 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...