# FPA New Income Fund

FPA New Income Fund is a registered fund series of Investment Managers Series Trust III (series S000080693). Net assets $11.1B as of 2026-03-31.

## Profile

- Series ID: S000080693
- Registrant: Investment Managers Series Trust III
- LEI: 98450097FAFF1111C456
- Net assets: $11.1B
- Total assets: $11.1B
- 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) | — | $1.0B | 909.52% |
| [US TREASURY N/B](https://search.stillhousedata.com/security/91282CPD7) | — | $826.0M | 747.20% |
| [US TREASURY N/B](https://search.stillhousedata.com/security/91282CPW5) | — | $810.6M | 733.29% |
| [US TREASURY N/B](https://search.stillhousedata.com/security/91282CPN5) | — | $360.0M | 325.66% |
| [TREASURY BILL](https://search.stillhousedata.com/security/912797SL2) | — | $286.5M | 259.16% |
| [US TREASURY N/B](https://search.stillhousedata.com/security/91282CPR6) | — | $219.1M | 198.19% |
| [TREASURY BILL](https://search.stillhousedata.com/security/912797QD2) | — | $207.0M | 187.28% |
| [TREASURY BILL](https://search.stillhousedata.com/security/912797SD0) | — | $115.7M | 104.65% |
| [PHI Group Inc/DE](https://search.stillhousedata.com/security/69360B104) | — | $114.0M | 103.12% |
| [Fannie Mae](https://search.stillhousedata.com/security/3140XHFH5) | — | $106.9M | 96.67% |
| [Fortress Credit Opportunities](https://search.stillhousedata.com/security/34961JAY0) | — | $104.2M | 94.23% |
| [FHLMC Multifamily Structured P](https://search.stillhousedata.com/security/3137FNB82) | — | $87.5M | 79.14% |
| [Verizon Master Trust](https://search.stillhousedata.com/security/92348KCH4) | — | $87.1M | 78.76% |
| [Ford Credit Floorplan Master O](https://search.stillhousedata.com/security/34528PAK2) | — | $83.4M | 75.41% |
| [FHLMC Multifamily Structured P](https://search.stillhousedata.com/security/3137FNAE0) | — | $81.0M | 73.29% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-03-31 | $11.1B |
| 2025-12-31 | $10.8B |
| 2025-09-30 | $10.3B |
| 2025-06-30 | $9.1B |
| 2025-03-31 | $8.9B |
| 2024-12-31 | $8.7B |
| 2024-09-30 | $8.8B |
| 2024-06-30 | $8.5B |

## 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/S000080693.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.