Morningstar

FPA New Income - Investor FPNRX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See FPA Investment Hub

Morningstar’s Analysis FPNRX

Will FPNRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FPNRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FPNRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FPNRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A distinctive style continues to drive this strategy's appeal.

Director Eric Jacobson

Eric Jacobson

Director

Summary

FPA New Income’s approach can look stodgy in frothy markets but has made up for it by protecting investors when things go sour. We have raised its Process Pillar rating to High from Above Average.

by Eric Jacobson
Rated on Published on

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