FPA New Income Fund — new fund registration

FPA FUNDS TRUST registered 4 new fund series on Form 485APOS, filed 2023-04-06. Featured series: FPA New Income Fund.

Registration

Registrant / trust: FPA FUNDS TRUST
CIK: 0000924727
Form: 485APOS
Filed: 2023-04-06
State of incorporation: MA
Accession: 0001104659-23-042782
Reported net assets: $11.1B

Series & classes (4)

Series	Class	Ticker	New
FPA New Income Fund	FPA New Income Fund	FPNIX	Yes
FPA Queens Road Small Cap Value Fund	FPA Queens Road Small Cap Value Fund	—	Yes
FPA Queens Road Value Fund	FPA Queens Road Value Fund	QRVLX	Yes
FPA U.S. Core Equity Fund	FPA U.S. Core Equity Fund	—	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.00%
Gross expense ratio: 0.59%
Management fee: 0.50%
Net expense ratio: 0.45%
Other expenses: 0.09%

Investment objective

The FPA New Income Fund (the "Fund") seeks to provide long-term total return, which includes income and capital appreciation, while considering capital preservation.

Advisers

FIRST PACIFIC ADVISORS, LP (Advisor)