FPA Takes Load Off of Funds

Investors in Los Angeles–based FPA funds will be glad to hear that effective April 1, all of the FPA Funds will be available as no-load funds.

The change will only affect FPA Capital Fund [FPPTX], FPA New Income [FPNIX], FPA Paramount Fund [FPRAX] and FPA Perennial Fund [FPPFX], since these funds are currently structured as front-load mutual funds.

“After careful consideration and analysis, we believe this decision is in the best interests of all FPA Fund shareholders by creating a better alignment of the Funds’ structure with their needs,” stated Rich Atwood, Chief Operating Officer and one of FPA's Managing Partners.

“Most significantly, this change combined with our low $1,500 minimum removes costly barriers for smaller investors who choose to manage their own investments."

The firm managed some $22 billion in assets as of the end of January.

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