The Board of Directors of the $5.3 billion FPA New Income fund has approved a new distributor for the fund.
Effective today, UMB Distribution Services has taken over distribution services for FPA Fund Distributors, according to a Securities and Exchange Commission filing. Mark Hancock, Director of Business Development, was not immediately available for comment on the fund’s new distributor.
The fund is managed by Thomas Atteberry and Robert Rodriquez. It sports an expense ratio of 60 basis points.