FPNRX — Fpa New Income Fund
Data updated: 2026-08-27
FPNRX — Fpa New Income Fund. Intermediate Securitized (MBS/ABS/CMBS) Bond · $11.21B AUM · 0.55% expense ratio. Holdings, fees, performance and SEC filings.
FPNRX Fund Overview
FPNRX — 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: $11.21B
- 1-year return: 3.4%
- Ticker: FPNRX
- SEC CIK: 0000924727
- SEC series ID: S000080693
- Share class ID: C000249814
FPNRX 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 | 9.47% |
| US Treasury N/b | 8.88% |
| US Treasury N/b | 7.16% |
| Treasury Bill | 2.35% |
| US Treasury N/b | 2.12% |
| Treasury Bill | 2.10% |
| US Treasury N/b | 1.94% |
| Treasury Bill | 1.53% |
| Tsy Infl Ix N/b | 1.52% |
| PHI Group Inc/DE | 1.09% |
FPNRX 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 | 53.2% |
| Fixed Income | 43.8% |
| Equity | 1.6% |
| Loans | 0.6% |
| Cash & Equivalents | 0.2% |
FPNRX Performance
Total returns for FPNRX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.5% |
| 1 year | 3.4% |
| 3 years (annualised) | 5.5% |
FPNRX Risk Information
Risk metrics for FPNRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.1%
FPNRX Costs and Fees
FPNRX costs about $55 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.55%
- Gross expense ratio: 0.77%
- Portfolio turnover: 41%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FPNRX Cashflows
Over the 12 months to 2026-06, Fpa New Income Fund had net inflows of $2.19B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $16.01M |
| 2026-05 | $127.16M |
| 2026-04 | $82.19M |
| 2026-03 | $159.70M |
| 2026-02 | $93.19M |
| 2026-01 | $122.08M |
FPNRX 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 | 9.47% |
| US Treasury N/b | 8.88% |
| US Treasury N/b | 7.16% |
| Treasury Bill | 2.35% |
| US Treasury N/b | 2.12% |
| Treasury Bill | 2.10% |
| US Treasury N/b | 1.94% |
| Treasury Bill | 1.53% |
| Tsy Infl Ix N/b | 1.52% |
| American Tower Trust I | 0.69% |
FPNRX Prospectus and SEC Filings
Official Fpa New Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-26
- Prospectus (485BPOS) — filed 2025-01-27
- Prospectus supplement (497) — filed 2025-02-05
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2024-12-16
- Annual census (N-CEN) — filed 2023-12-11
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.