0001145549-23-075531.txt : 20231211
0001145549-23-075531.hdr.sgml : 20231211
20231211143612
ACCESSION NUMBER: 0001145549-23-075531
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20230930
FILED AS OF DATE: 20231211
DATE AS OF CHANGE: 20231211
EFFECTIVENESS DATE: 20231211
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: FPA FUNDS TRUST
CENTRAL INDEX KEY: 0000924727
IRS NUMBER: 043236699
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-08544
FILM NUMBER: 231477741
BUSINESS ADDRESS:
STREET 1: 11601 WILSHIRE BOULEVARD
STREET 2: SUITE 1200
CITY: LOS ANGELES
STATE: CA
ZIP: 90025
BUSINESS PHONE: 310-473-0225
MAIL ADDRESS:
STREET 1: 11601 WILSHIRE BOULEVARD
STREET 2: SUITE 1200
CITY: LOS ANGELES
STATE: CA
ZIP: 90025
FORMER COMPANY:
FORMER CONFORMED NAME: UAM FUNDS TRUST
DATE OF NAME CHANGE: 19951101
FORMER COMPANY:
FORMER CONFORMED NAME: REGIS FUND II
DATE OF NAME CHANGE: 19940606
0000924727
S000080693
FPA New Income Fund
C000243216
FPA New Income Fund
FPNIX
N-CEN
1
primary_doc.xml
X0404
N-CEN
LIVE
0000924727
XXXXXXXX
true
false
false
N-1A
S000080693
true
FPA Funds Trust
811-08544
0000924727
549300H7BXP5EUEHOJ64
235 Galena Street
Milwaukee
53212
US-WI
US
4142992000
UMB FUND SERVICES, INC.
235 WEST GALENA STREET
MILWAUKEE
53212
4142992000
TRANSFER AGENT, FUND ACCOUNTANT, SHAREHOLDER SERVICE AGENT,AND CO-ADMINISTRATOR
MUTUAL FUND ADMINISTRATION, LLC
2220 E. ROUTE 66, SUITE 226
GLENDORA
91740
6269144141
CO-ADMINISTRATOR
UMB BANK, N.A.
928 GRAND BOULEVARD, 5TH FLOOR
KANSAS CITY
64106
8168601142
CUSTODIAN
UMB Distribution Services, LLC
235 WEST GALENA STREET
MILWAUKEE
53212
4142992000
DISTRIBUTOR
First Pacific Advisors, LP
11601 Wilshire Blvd
Suite 1200
Los Angeles
90025
3109965460
Investment Adviser
N
N
N-1A
6
Y
ROBERT F. GOLDRICH
N/A
N
JOHN P ZADER
N/A
N
J. RICHARD ATWOOD
N/A
Y
MAUREEN QUILL
N/A
Y
SANDRA BROWN
N/A
N
MARTIN W. DZIURA
N/A
309 WOODRIDGE LANE
MEDIA
19063
XXXXXX
Y
N
N
N
N
N
N
UMB Distribution Services, LLC
8-42106
000025938
N/A
N
N
TAIT, WELLER & BAKER LLP
00445
N/A
Y
N
N
N
N
N
N
FPA NEW INCOME FUND
S000080693
98450097FAFF1111C456
N
1
0
0
N/A
N
N
Y
N
N/A
N/A
N/A
Rule 32a-4 (17 CFR 270.32a-4)
Y
Y
N
N
FIRST PACIFIC ADVISORS, LP
801-67160
000141823
5493005X1UK1CXKK1241
N
UMB Fund Services, Inc.
084-05792
N/A
Y
N
N
INTERCONTINENTAL EXCHANGE, INC.
5493000F4ZO33MV32P92
N
IHS Markit Ltd.
549300HLPTRASHS0E726
BM
N
JP Morgan Chase Bank, NA
984500653R409CC5AB28
N
Y
UMB BANK, N.A.
VNOO6EITDJ2YUEBMSZ83
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
Y
UMB Fund Services, Inc.
084-05792
N/A
Y
N
Y
MUTUAL FUND ADMINISTRATION, LLC
N/A
Y
N
UMB FUND SERVICES, INC.
084-05792
SEC File Number
Y
N
Y
0.000000000000
MISCHLER FINANCIAL GROUP, INC.
8-48067
000037818
2549004IPXPSM9EJFC92
2709018315.000000000000
BREAN CAPITAL, LLC
8-40742
000023723
254900ZZA1UBVDCNQ378
578854251.000000000000
HSBC SECURITIES (USA) INC.
8-41562
000019585
CYYGQCGNHMHPSMRL3R97
339592560.000000000000
MUFG SECURITIES AMERICAS INC.
8-43026
000019685
N/A
207033049.000000000000
GOLDMAN SACHS & CO. LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
197126300.000000000000
J.P. MORGAN SECURITIES LLC
8-35008
000000079
ZBUT11V806EZRVTWT807
193499219.000000000000
CITIGROUP GLOBAL MARKETS INC.
8-8177
000007059
6SHGI4ZSSLCXXQSBB395
172645625.000000000000
BNP PARIBAS SECURITIES CORP.
8-32682
000015794
RCNB6OTYUAMMP879YW96
94245627.000000000000
RBC CAPITAL MARKETS, LLC
8-45411
000031194
549300LCO2FLSSVFFR64
55487313.000000000000
4782449581.000000000000
N
8339517690.000000000000
N
N
N
N
true
INTERNAL CONTROL RPT
2
internalcontrol.txt
INTERNAL CONTROL LETTER - FPA
REPORT OF INDEPENDENT
REGISTERED PUBLIC
ACCOUNTING FIRM
To the Shareholders and
Board of Trustees of
FPA Funds Trust
Glendora, California 91740
In planning and performing our audit of
the financial statements of the FPA New
Income Fund as of and for the year
ended September 30, 2023, in
accordance with the standards of the
Public Company Accounting Oversight
Board (United States), we considered
their internal control over financial
reporting, including control activities for
safeguarding securities, as a basis for
designing our auditing procedures for
the purpose of expressing our opinion
on the financial statements and to
comply with the requirements of Form
N-CEN, but not for the purpose of
expressing an opinion on the
effectiveness of the Fund's internal
control over financial reporting.
Accordingly, we express no such
opinion.
The management of the Fund is
responsible for establishing and
maintaining effective internal control
over financial reporting. In fulfilling
this responsibility, estimates and
judgments by management are required
to assess the expected benefits and
related costs of controls. A company's
internal control over financial reporting
is a process designed to provide
reasonable assurance regarding the
reliability of financial reporting and the
preparation of financial statements for
external purposes in accordance with
generally accepted accounting
principles. A company's internal
control over financial reporting includes
those policies and procedures that (1)
pertain to the maintenance of records
that, in reasonable detail, accurately and
fairly reflect the transactions and
dispositions of the assets of the
company; (2) provide reasonable
assurance that transactions are recorded
as necessary to permit preparation of
financial statements in accordance with
generally accepted accounting
principles, and that receipts and
expenditures of the company are being
made only in accordance with
authorizations of management and
directors of the company; and (3)
provide reasonable assurance regarding
prevention or timely detection of
unauthorized acquisition, use or
disposition of a company's assets that
could have a material effect on the
financial statements.
Because of inherent limitations, internal
control over financial reporting may not
prevent or detect misstatements. Also,
projections of any evaluation of
effectiveness to future periods are
subject to the risk that controls may
become inadequate because of changes
in conditions, or that the degree of
compliance with the policies or
procedures may deteriorate.
A deficiency in internal control over
financial reporting exists when the
design or operation of a control does not
allow management or employees, in the
normal course of performing their
assigned functions, to prevent or detect
misstatements on a timely basis. A
material weakness is a deficiency, or
combination of deficiencies, in internal
control over financial reporting, such
that there is a reasonable possibility that
a material misstatement of the
company's annual or interim financial
statements will not be prevented or
detected on a timely basis.
Our consideration of the Fund's internal
control over financial reporting was for
the limited purpose described in the first
paragraph and would not necessarily
disclose all deficiencies in internal
control that might be material
weaknesses under standards established
by the Public Company Accounting
Oversight Board (United States).
However, we noted no deficiencies in
the Fund's internal control over
financial reporting and its operation,
including controls for safeguarding
securities, which we consider to be
material weaknesses, as defined above,
as of September 30, 2023.
This report is intended solely for the
information and use of management,
Shareholders and Board of Trustees of
FPA Funds Trust and the Securities and
Exchange Commission, and is not
intended to be and should not be used by
anyone other than these specified
parties.
/s/TAIT, WELLER & BAKER LLP
Philadelphia, Pennsylvania
November 29, 2023
To the Shareholders and
Board of Trustees of
FPA Funds Trust
Page Two