2 / 5 Stars
1 1 5 5 3
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 75 Nontraditional Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 0.97 percent over the past year, 1.67 percent over the past three years, 2.23 percent over the past five years, and 3.01 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||0.6%|
|3 Years (Annualized)||1.7%|
|5 Years (Annualized)||2.2%|
|10 Years (Annualized)||3.0%|
The investment seeks current income and long-term total return; capital preservation is also a consideration. The fund invests at least 65% of total assets in a diversified portfolio of income producing securities. It generally invests a significant portion (50% or more) of the fund's total assets in debt obligations issued or guaranteed by the United States government and its agencies and instrumentalities, including mortgage-backed securities. The fund also invests in highly-rated non-convertible debt securities, commercial paper and repurchase agreements. It may invest up to 25% of its total assets in securities of foreign governments and corporations.
Fees are Average compared to funds in the same category.
FPA New Income Fund has an expense ratio of 0.58 percent.
Risk is Low compared to funds in the same category according to Morningstar.