Frequently Asked Questions About FPAG

What does FPAG invest in?

FPAG seeks long-term income and capital growth from an actively managed portfolio of large- and mid-cap value stocks from developed and emerging markets. Constituents are selected using the Contrarian Value Equity Strategy which seeks to invest in companies that are considered undervalued, including firms that currently appear out of favor according to media headlines, but have a favorable outlook for growth in the next 5 to 10 years. The fund adviser also conducts an internal research of each firms financial condition (potential future earnings, cash flow, and dividends), including its target customers and competitors. The final portfolio composition consists of securities offered at a substantial discount relative to the fund advisers estimation of their intrinsic value. The fund limits its non-US exposure to 40% of its net assets. FPAG is the first ETF launched by the First Pacific Advisors.

What is the expense ratio of FPAG?

FPA Global Equity ETF (FPAG) charges an expense ratio of 0.86%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FPAG?

FPA Global Equity ETF (FPAG) manages $650.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is FPAG actively managed or an index fund?

FPAG is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (FPAG's is 0.86%) in exchange for the discretion to over- or under-weight positions.

When was FPAG launched?

FPA Global Equity ETF (FPAG) launched in March 2024 and is managed by FPA.

How has FPAG performed?

FPAG's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.

FPAG

FPA Global Equity ETF

CBOE·Asset Management · Financial Services

$42.08$0.05+0.12%

Oct 28 3:47 PM EDT

Price Chart

$42.08+$0.05 (+0.12%)today

+68.66%CAGR +11.35%

Select date range

FromTo

Dec 17, 2021Dec 17, 2021 → Oct 28, 2026· 4.9 yrsOct 28, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)$0.35

Distribution Yield (FWD)0.83%

Annual Distribution (TTM)$0.63

Distribution Yield (TTM)1.49%

Distribution Growth (5Y)—

FrequencyQuarterly

Most Recent$0.09

Ex-Dividend DateSep 15

Payment DateSep 22

DiversificationDiversification Tab

Holdings70

Top 10 Weight33.4%

Top 25 Weight62.9%

Effective Holdings47

Sectors12

Largest HoldingIFF · 4.1%

Largest SectorHealthcare · 16.8%

Asset ClassEquity

StrategyActively Managed

Cost & RiskExpenses Tab

Expense Ratio0.86%

Cost per 10k Invested$86.00

AUM$650.70M

Avg Daily Volume41.27K

Price$42.08

NAV$41.85

Premium / Discount+0.55%

52-Week Range$34.75 – $43.56

Beta0.97

Fund Overview

Cost Verdict

Is FPAG's expense ratio expensive, average, or a steal for its category?

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Issuer: FPA
Asset Class: Equity
Strategy: Actively Managed
Inception: March 15, 2024
Fund Type: ETF
Domicile: US
Currency: USD
ISIN: US30254T5772
CUSIP: 30254T577
Website: fpag.fpa.com/

Peers

Peers Tab

PAPI

Parametric Equity Premium Income ETF

Cap

$404.7M

EQIN

Columbia U.S. Equity Income ETF

Cap

$327.1M

OAIM

OneAscent International Equity ETF

Cap

$387.0M

Latest News

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Frequently Asked Questions About FPAG

What does FPAG invest in?: FPAG seeks long-term income and capital growth from an actively managed portfolio of large- and mid-cap value stocks from developed and emerging markets. Constituents are selected using the Contrarian Value Equity Strategy which seeks to invest in companies that are considered undervalued, including firms that currently appear out of favor according to media headlines, but have a favorable outlook for growth in the next 5 to 10 years. The fund adviser also conducts an internal research of each firms financial condition (potential future earnings, cash flow, and dividends), including its target customers and competitors. The final portfolio composition consists of securities offered at a substantial discount relative to the fund advisers estimation of their intrinsic value. The fund limits its non-US exposure to 40% of its net assets. FPAG is the first ETF launched by the First Pacific Advisors.
What is the expense ratio of FPAG?: FPA Global Equity ETF (FPAG) charges an expense ratio of 0.86%. This is the annual fee deducted from fund assets to cover management and operations.
How big is FPAG?: FPA Global Equity ETF (FPAG) manages $650.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.
Is FPAG actively managed or an index fund?: FPAG is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (FPAG's is 0.86%) in exchange for the discretion to over- or under-weight positions.
When was FPAG launched?: FPA Global Equity ETF (FPAG) launched in March 2024 and is managed by FPA.
How has FPAG performed?: FPAG's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.