FPNIX — Fpa New Income Fund
Data updated: 2026-05-28
FPNIX — Fpa New Income Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Intermediate Securitized (MBS/ABS/CMBS) Bond · $11.05B AUM · 0.45% expense ratio · 4.8% 1-yr return. From SEC regulatory filings.
FPNIX Fund Overview
FPNIX — Fpa New 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: $11.05B
- 1-year return: 4.8%
- Ticker: FPNIX
- SEC CIK: 0000924727
- SEC series ID: S000080693
- Share class ID: C000243216
FPNIX Holdings
Top 10 holdings of Fpa New Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| US Treasury N/b | 9.10% |
| US Treasury N/b | 7.47% |
| US Treasury N/b | 7.33% |
| US Treasury N/b | 3.26% |
| Treasury Bill | 2.59% |
| US Treasury N/b | 1.98% |
| Treasury Bill | 1.87% |
| Treasury Bill | 1.05% |
| PHI Group Inc/DE | 1.03% |
| Fannie Mae | 0.97% |
FPNIX Portfolio Allocation
Asset-class allocation of Fpa New Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 55.9% |
| Fixed Income | 41.3% |
| Equity | 1.5% |
| Loans | 0.6% |
| Cash & Equivalents | 0.3% |
FPNIX Performance
Total returns for FPNIX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.2% |
| 1 year | 4.8% |
| 3 years (annualised) | 6.3% |
FPNIX Risk Information
Risk metrics for FPNIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.3%
FPNIX Costs and Fees
FPNIX costs about $45 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.45%
- Gross expense ratio: 0.59%
- Portfolio turnover: 41%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FPNIX Cashflows
Over the 12 months to 2026-03, Fpa New Income Fund had net inflows of $2.12B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | $159.70M |
| 2026-02 | $93.19M |
| 2026-01 | $122.08M |
| 2025-12 | $184.38M |
| 2025-11 | $210.61M |
| 2025-10 | $93.48M |
FPNIX Debt Constituents
Largest debt holdings of Fpa New Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| US Treasury N/b | 9.10% |
| US Treasury N/b | 7.47% |
| US Treasury N/b | 7.33% |
| US Treasury N/b | 3.26% |
| Treasury Bill | 2.59% |
| US Treasury N/b | 1.98% |
| Treasury Bill | 1.87% |
| Treasury Bill | 1.05% |
| American Tower Trust I | 0.70% |
| Sce Recovery Funding LLC | 0.66% |
FPNIX Prospectus and SEC Filings
Official Fpa New 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.