July 1, 2013
Kiplinger Comments on FPNIX
The views expressed in this story are those of the author at the time created. They do not necessarily reflect the views of the Fund, Advisor, or the Distributor. These views are subject to change at any time based on market and other conditions, and the Fund, Advisor, or the Distributor disclaims any responsibility to update such views. No forecasts can be guaranteed. These views may not be relied upon as investment advice or as indication of trading intent on behalf of any First Pacific Advisors portfolio or the Distributor and should not be construed as an offer to sell or a solicitation of an offer to buy securities or any product mentioned in this article.
The primary investment objective of FPA New Income, Inc. (FPNIX) is current income and long-term total return. Capital preservation is also a consideration. Do not confuse the investment objective of the Fund with "the manager's primary or secondary goal" as stated by the author.
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