FFIRX — FPA Flexible Fixed Income Fund
Data updated: 2026-05-22
FFIRX — FPA Flexible Fixed Income Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Intermediate Securitized (MBS/ABS/CMBS) Bond · $2.09B AUM · 0.65% expense ratio. From SEC regulatory filings.
FFIRX Fund Overview
FFIRX — FPA Flexible Fixed Income Fund is a US mutual fund managed by Investment Managers Series Trust III, categorised as Intermediate Securitized (MBS/ABS/CMBS) Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Investment Managers Series Trust III
- Category: Intermediate Securitized (MBS/ABS/CMBS) Bond
- Assets under management: $2.09B
- Ticker: FFIRX
- SEC CIK: 0000924727
- SEC series ID: S000064044
- Share class ID: C000262097
FFIRX Holdings
Top 10 holdings of FPA Flexible Fixed Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| US Treasury N/b | 8.83% |
| US Treasury N/b | 8.49% |
| US Treasury N/b | 6.61% |
| US Treasury N/b | 5.85% |
| Treasury Bill | 3.45% |
| Treasury Bill | 2.61% |
| US Treasury N/b | 2.25% |
| Treasury Bill | 1.71% |
| JP Morgan Mortgage Trust | 0.93% |
| MSILF Treasury Portfolio | 0.77% |
FFIRX Portfolio Allocation
Asset-class allocation of FPA Flexible Fixed Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 52.1% |
| Fixed Income | 46.2% |
| Cash & Equivalents | 0.8% |
| Loans | 0.8% |
| Equity | 0.1% |
FFIRX Performance
Total returns for FFIRX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.2% |
FFIRX Costs and Fees
FFIRX costs about $65 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.65%
- Gross expense ratio: 0.81%
- Portfolio turnover: 48%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FFIRX Cashflows
Over the 12 months to 2026-03, FPA Flexible Fixed Income Fund had net inflows of $586.46M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | $53.55M |
| 2026-02 | $63.09M |
| 2026-01 | $48.97M |
| 2025-12 | $79.54M |
| 2025-11 | $42.00M |
| 2025-10 | $40.95M |
FFIRX Debt Constituents
Largest debt holdings of FPA Flexible Fixed Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| US Treasury N/b | 8.83% |
| US Treasury N/b | 8.49% |
| US Treasury N/b | 6.61% |
| US Treasury N/b | 5.85% |
| Treasury Bill | 3.45% |
| Treasury Bill | 2.61% |
| US Treasury N/b | 2.25% |
| Treasury Bill | 1.71% |
| Sce Recovery Funding LLC | 0.63% |
| Midcap Financial Issr Tr | 0.49% |
FFIRX Prospectus and SEC Filings
Official FPA Flexible Fixed Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Intermediate Securitized (MBS/ABS/CMBS) Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.