# FPA Flexible Fixed Income Fund

FPA Flexible Fixed Income Fund is a registered fund series of Investment Managers Series Trust III (series S000064044). Net assets $2.1B as of 2026-03-31.

## Profile

- Series ID: S000064044
- Registrant: Investment Managers Series Trust III
- LEI: 549300DRXGWEWOEBJV78
- Net assets: $2.1B
- Total assets: $2.1B
- As of: 2026-03-31

## Advisers

- [FIRST PACIFIC ADVISORS, LP (Advisor)](https://search.stillhousedata.com/firm/141823)

## Top holdings (200 reported)

_Showing 15 of 200 holdings by value._

| Holding | Ticker | Value | % of fund |
| --- | --- | --- | --- |
| [US TREASURY N/B](https://search.stillhousedata.com/security/91282CQD6) | — | $184.3M | 883.00% |
| [US TREASURY N/B](https://search.stillhousedata.com/security/91282CPW5) | — | $177.2M | 848.74% |
| [US TREASURY N/B](https://search.stillhousedata.com/security/91282CPD7) | — | $137.9M | 660.84% |
| [US TREASURY N/B](https://search.stillhousedata.com/security/91282CPR6) | — | $122.1M | 585.03% |
| [TREASURY BILL](https://search.stillhousedata.com/security/912797QD2) | — | $72.0M | 344.96% |
| [TREASURY BILL](https://search.stillhousedata.com/security/912797SD0) | — | $54.5M | 260.87% |
| [US TREASURY N/B](https://search.stillhousedata.com/security/91282CPN5) | — | $46.9M | 224.60% |
| [TREASURY BILL](https://search.stillhousedata.com/security/912797SL2) | — | $35.6M | 170.73% |
| [JP Morgan Mortgage Trust](https://search.stillhousedata.com/security/46654WAH4) | — | $19.4M | 93.04% |
| [MSILF Treasury Portfolio](https://search.stillhousedata.com/security/61747C582) | — | $16.1M | 76.90% |
| [Fannie Mae](https://search.stillhousedata.com/security/3140XHFH5) | — | $15.0M | 71.64% |
| [Freddie Mac](https://search.stillhousedata.com/security/3133KYU56) | — | $14.2M | 67.93% |
| [SCE RECOVERY FUNDING LLC](https://search.stillhousedata.com/security/78433LAJ5) | — | $13.2M | 63.01% |
| [Freddie Mac](https://search.stillhousedata.com/security/3133KYVB2) | — | $12.9M | 61.88% |
| [FHLMC Multifamily Structured P](https://search.stillhousedata.com/security/3137FNB82) | — | $12.8M | 61.10% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-03-31 | $2.1B |
| 2025-12-31 | $1.9B |
| 2025-09-30 | $1.8B |
| 2025-06-30 | $1.6B |
| 2025-03-31 | $1.5B |
| 2024-12-31 | $1.3B |
| 2024-09-30 | $1.3B |
| 2024-06-30 | $1.1B |

## More

- [Registrant: Investment Managers Series Trust III](https://search.stillhousedata.com/registrant/924727)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000064044.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

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Source: public SEC filing data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.