FPNIX Performance — Fpa New Income Fund, Institutional Class
Data updated: 2026-08-27
FPNIX returned +0.54% year to date and +3.48% over one year to Jun 2026. The annualised 3-year return is +5.89%. The fund trailed its Short-Term Securitized Bond category average: $100 invested three years ago grew to $119, against $120 for the category, and to $103 over one year, against $105. Volatility over the past three years was 2.63% a year. In the 12 months to Jun 2026 the fund took in a net $2.2B, and assets reached $11.21B.
FPNIX Growth of $100
What $100 invested in Fpa New Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Securitized Bond category average over the same months.
| Period | FPNIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $103 | $105 |
| 3 years (Jul 2023 – Jun 2026) | $119 | $120 |
FPNIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.54% |
| 1 year | +3.48% |
| 3 years (annualised) | +5.89% |
FPNIX Annual Returns
Calendar-year total returns of Fpa New Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +0.54% |
| 2025 | +7.36% |
| 2024 | +4.59% |
| 2023 (Jul–Dec) | +5.16% |
FPNIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.2% | +1.1% | −1.2% | +0.2% | 0.0% | +0.1% | — | — | — | — | — | — |
| 2025 | +0.6% | +1.6% | +0.4% | +0.8% | −0.2% | +1.0% | 0.0% | +1.3% | +0.5% | +0.4% | +0.5% | +0.2% |
| 2024 | +0.6% | −0.4% | +0.7% | −0.9% | +1.1% | +0.8% | +1.7% | +1.1% | +1.0% | −1.4% | +0.8% | −0.5% |
| 2023 | — | — | — | — | — | — | +0.6% | +0.6% | +0.2% | +0.1% | +1.8% | +1.9% |
FPNIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 2.63%
- 3-year Sharpe ratio: 0.53 (vs 4.5% risk-free rate)
- Best month: +1.93% (Dec 2023)
- Worst month: −1.36% (Oct 2024)
FPNIX Fund Flows
Monthly money in and out of Fpa New Income Fund, from SEC Form N-PORT.
- 12-month net flow: $2.2B
- 12-month gross sales (incl. reinvestments): $4.2B
- Sales ÷ redemptions: 2.07×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $251.5M | $235.5M | $16.0M |
| May 2026 | $281.2M | $154.0M | $127.2M |
| Apr 2026 | $252.4M | $170.2M | $82.2M |
| Mar 2026 | $331.4M | $171.7M | $159.7M |
| Feb 2026 | $391.8M | $298.6M | $93.2M |
| Jan 2026 | $301.7M | $179.6M | $122.1M |
| Dec 2025 | $343.7M | $159.3M | $184.4M |
| Nov 2025 | $332.1M | $121.5M | $210.6M |
| Oct 2025 | $273.6M | $180.1M | $93.5M |
| Sep 2025 | $282.7M | $147.1M | $135.6M |
| Aug 2025 | $256.1M | $111.5M | $144.6M |
| Jul 2025 | $934.3M | $111.1M | $823.2M |
FPNIX Assets Under Management
Net assets of Fpa New Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $11.21B |
| 2026-03-31 | $11.05B |
| 2025-12-31 | $10.77B |
| 2025-09-30 | $10.29B |
| 2025-06-30 | $9.10B |
| 2025-03-31 | $8.89B |
| 2024-12-31 | $8.72B |
| 2024-09-30 | $8.75B |
| 2024-06-30 | $8.47B |
| 2024-03-31 | $8.51B |
| 2023-12-31 | $8.23B |
| 2023-09-30 | $7.83B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.