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Objective: Current income and long-term total return.
Investments: Fixed income; convertible securities; preferred stock; common stock. |
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Fund data as of 9/3/2010
Net Asset Value: $11.02
Maximum Offering Price: $11.42
Cusip: 302544101
Ticker: FPNIX
Quarterly Portfolio Holdings
Quarterly Briefing
(Download)
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Investment Officer: Robert L. Rodriguez and Thomas H. Atteberry |
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Founded: 1969; under FPA management since July 1984 |
 Data below last updated July 31, 2010
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Average Annual Total Return * |
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12 Months |
5 Years |
10 Years |
Before Tax |
-0.25% |
+3.64% |
+5.09% |
After Tax on Distribution |
-1.40% |
+2.11% |
+3.33% |
After Tax on Distribution
and Sale of Fund Shares |
-0.87% |
+2.20% |
+3.30% |
The maximum sales charge of 3.50% and all applicable expenses, such as advisory fees, have been included. Please see additional disclosures below.*
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Total net assets: $4.205 billion |
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Total Securities in Portfolio: 231 |
Average Quality: Agency
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Effective Duration: 1.02 years |
Average Life: 2.03 years
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Data below last updated June 30, 2010
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US Treasury Note 1.125% '11 |
3.60% |
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US Treasury Note 1.000% '11 |
2.88% |
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% |
FFCB Floating Rate 0.83719% '11 |
1.44% |
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% |
Farmer Mac 3.875% '11 |
1.44% |
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FNMA Series 2010-34 Class MA 5% '25 |
1.36% |
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% |
Top 10 Holdings represent 10.72% of Total Net Assets |
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* Performance has been calculated on a total return basis, which combines principal and dividend income changes for the periods shown. Principal changes are based on the difference between the beginning and closing net asset values for the period and assume reinvestment of all dividends and distributions paid. The maximum sales charge of 3.50% and all applicable expenses such as advisory fees have been included in calculating performance. Total return calculations are based on a $10,000 investment. This data represents past performance and investors should understand that investment returns and principal values fluctuate, so that when you redeem your investment it may be worth more or less than its original cost. The Prospectus details the Fund's objective and policies, sales charges, and other matters of interest to the prospective investor. Please read this Prospectus carefully before investing.
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