# FPA Global Equity ETF (FPAG): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fpag for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: FPA · Asset class: Equity - Strategy: Actively Managed · Inception: 2024-03-15 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 tar... ## Key Facts | Metric | Value | |---|---| | Price | $42.04 | | Expense Ratio | 0.86% | | Assets Under Management | $664.4M | | NAV | $41.98 | | Holdings Count | 44 | | Distribution Yield (TTM) | 1.49% | | Annual Distribution (TTM) | $0.63 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $34.75 – $43.56 | | Beta | 0.97 | ## Latest Distribution - Amount: $0.0871 /share - Ex-date: 2026-09-15 - Pay date: 2026-09-22 ## Frequently Asked Questions ### 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 $664.4M 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. ### Does FPAG pay a dividend? FPA Global Equity ETF (FPAG) currently distributes little or no income. Trailing-twelve-month yield is 1.49%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FPAG pay dividends? FPA Global Equity ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FPAG's dividend yield? FPAG's trailing-twelve-month yield is 1.49%, calculated from the sum of dividends over the past year divided by the current price. ### When is FPAG's next ex-dividend date? The most recently announced ex-dividend date for FPAG was 2026-09-15. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will FPAG's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.86% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FPAG charge its expense ratio? The expense ratio is deducted in tiny daily slices from FPAG's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FPAG cost more than a fund like VOO? FPAG is actively managed (current expense ratio 0.86%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether FPAG's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to FPAG? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FPAG (0.86%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fpag - Distribution history: https://www.dividenddata.com/funds/fpag/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fpag/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fpag/expenses - Peer comparison: https://www.dividenddata.com/funds/fpag/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.