July 7, 2016

Morningstar 'Fund Spy' highlights FPA New Income (FPNIX) expense cut

In Morningstar's 'Fund Spy' column today, senior analyst for fixed-income strategies Eric Jacobson highlights FPA's expense limitation agreement for FPA New Income effective June 1 ("Putting the Investor Horse in Front of the Fund Company Cart: FPA New Income's shareholder-conscious pricing and policy decisions are almost novel in their genesis").

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