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Trending ETFs

Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FPA Global Equity ETF

FPAG | Active ETF

$29.77

$69.8 M

0.67%

$0.20

1.17%

Vitals

YTD Return

12.3%

1 yr return

28.5%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$69.8 M

Holdings in Top 10

46.0%

52 WEEK LOW AND HIGH

$29.8
$22.56
$29.81

Expenses

OPERATING FEES

Expense Ratio 1.17%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FPA Global Equity ETF

FPAG | Active ETF

$29.77

$69.8 M

0.67%

$0.20

1.17%

FPAG - Profile

Distributions

  • YTD Total Return 12.3%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    FPA Global Equity ETF
  • Fund Family Name
    FIRSTPACAD
  • Inception Date
    Dec 16, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mark Landecker

Fund Description

Although the Fund has adopted a policy to invest at least 80% of its assets in equity securities, the Adviser expects to invest, under normal circumstances, at least 95% of the Fund’s assets in equity securities. The Fund invests primarily in publicly traded common stocks of mid- and large-cap U.S. and non-U.S. companies, including companies in emerging market countries. The Fund defines mid- and large-cap companies to be those with market capitalization equal to or greater than $10 billion at the time of initial purchase. These securities may be traded on major stock exchanges, regional stock exchanges, over-the-counter markets and other quotation systems. Under normal circumstances, the Fund expects to invest at least 40% of its total assets in equity securities of non-U.S. issuers (i.e., issuers headquartered outside the U.S. or at least 50% of its assets are outside the U.S. or 50% of its gross income is from non-U.S. sources). The equity securities held by the Fund may include common stocks and preferred stocks, and depositary receipts (including those paying dividends).

The Adviser manages the Fund’s portfolio according to its Contrarian Value Equity Strategy, which seeks to invest in companies that currently appear out of favor or undervalued by the stock market, including those mired in bad news according to media headlines, but have a favorable outlook for long-term total return (growth of principal and income) in the Adviser’s estimation over 5-10 years. The Adviser conducts deep research into the underlying financial condition and prospects of individual companies, including potential future earnings, cash flow, and dividends to shareholders. The Adviser consults with Wall Street professionals, industry consultants and the target company’s customers, competitors and executives to understand the company’s potential. The Adviser may, as part of its research, review current and historic SEC filings, conference call transcripts, and relevant periodicals to gain a full picture of the company.

After identifying target companies for the Fund, the Adviser selects the companies whose equity securities are offered at a “substantial discount” to the Adviser’s estimation of the company’s worth or intrinsic value. In seeking a “substantial discount,” the Adviser looks for genuine bargains by seeking securities it believes have a compelling economic risk/reward proposition on an absolute basis rather than relative to companies in the same industry, or a comparative index or benchmark. The Adviser may sell a security if its market price exceeds the Adviser’s estimate of its intrinsic value, or if its economic risk/reward proposition is no longer compelling or less compelling than that of other investments found by the Adviser. To achieve its objective, the Adviser may, at times, accept market volatility in the Fund’s share price and short-term Fund underperformance.

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FPAG - Performance

Return Ranking - Trailing

Period FPAG Return Category Return Low Category Return High Rank in Category (%)
YTD 12.3% N/A N/A N/A
1 Yr 28.5% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period FPAG Return Category Return Low Category Return High Rank in Category (%)
2023 27.5% N/A N/A N/A
2022 -18.9% N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period FPAG Return Category Return Low Category Return High Rank in Category (%)
YTD 12.3% N/A N/A N/A
1 Yr 28.5% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period FPAG Return Category Return Low Category Return High Rank in Category (%)
2023 29.5% N/A N/A N/A
2022 -17.9% N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

FPAG - Holdings

Concentration Analysis

FPAG Category Low Category High FPAG % Rank
Net Assets 69.8 M N/A N/A N/A
Number of Holdings 48 N/A N/A N/A
Net Assets in Top 10 25.6 M N/A N/A N/A
Weighting of Top 10 45.98% N/A N/A N/A

Top 10 Holdings

  1. HOLCIM LTD 5.74%
  2. COMCAST CORP-A 5.57%
  3. ALPHABET INC-A 5.32%
  4. ANALOG DEVICES 5.18%
  5. TE CONNECTIVITY 4.71%
  6. META PLATFORMS-A 4.64%
  7. CITIGROUP INC 4.11%
  8. INTL FLVR FRAG 3.77%
  9. ALPHABET INC-C 3.68%
  10. VANGUARD TOT WORLD STK ET 3.26%

Asset Allocation

Weighting Return Low Return High FPAG % Rank
Stocks
99.27% N/A N/A N/A
Cash
0.73% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Other
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A
Bonds
0.00% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High FPAG % Rank
Utilities
0.00% N/A N/A N/A
Technology
0.00% N/A N/A N/A
Real Estate
0.00% N/A N/A N/A
Industrials
0.00% N/A N/A N/A
Healthcare
0.00% N/A N/A N/A
Financial Services
0.00% N/A N/A N/A
Energy
0.00% N/A N/A N/A
Communication Services
0.00% N/A N/A N/A
Consumer Defense
0.00% N/A N/A N/A
Consumer Cyclical
0.00% N/A N/A N/A
Basic Materials
0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High FPAG % Rank
US
72.19% N/A N/A N/A
Non US
27.08% N/A N/A N/A

FPAG - Expenses

Operational Fees

FPAG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.17% N/A N/A N/A
Management Fee 0.70% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

FPAG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

FPAG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FPAG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

FPAG - Distributions

Dividend Yield Analysis

FPAG Category Low Category High FPAG % Rank
Dividend Yield 0.67% N/A N/A N/A

Dividend Distribution Analysis

FPAG Category Low Category High Category Mod
Dividend Distribution Frequency None

Net Income Ratio Analysis

FPAG Category Low Category High FPAG % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

FPAG Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

FPAG - Fund Manager Analysis

Managers

Mark Landecker


Start Date

Tenure

Tenure Rank

Dec 16, 2021

0.45

0.5%

Mark Landecker, CFA, Partner, joined FPA in 2009. Mark serves as Portfolio Manager for the FPA Contrarian Value Strategy, the FPA Contrarian Value Equity Strategy, and Source Capital, Inc. Prior to joining FPA, Mark served as Portfolio Manager at both Kinney Asset Management and Arrow Investments, Inc., and as associate at TD Capital and PricewaterhouseCoopers. Mark earned a BBA (with honors) from the Schulich School of Business, York University, Toronto, Canada.

Brian Selmo


Start Date

Tenure

Tenure Rank

Dec 16, 2021

0.45

0.5%

Brian A. Selmo, CFA, Partner, joined FPA in 2008. Brian serves as Portfolio Manager and Director of Research for the FPA Contrarian Value Strategy, the FPA Contrarian Value Equity Strategy, and Source Capital, Inc. Prior to joining FPA, Brian was founder and managing member of Eagle Lake Capital, LLC, and Portfolio Manager of its predecessor. Previously, he was an analyst at Third Avenue Management and Rothschild, Inc. Brian earned a Bachelor's degree in Economics (with honors) from The Johns Hopkins University, where he graduated Phi Beta Kappa.

Steven Romick


Start Date

Tenure

Tenure Rank

Dec 16, 2021

0.45

0.5%

Steven Romick, CFA, Managing Partner, joined FPA in 1996. Steven serves as Portfolio Manager for the FPA Contrarian Value Strategy, the FPA Contrarian Value Equity Strategy, Source Capital, Inc., and Co-Portfolio Manager for the FPA Multi-Advisor Strategy. Prior to joining FPA, Steven was Chairman of Crescent Management and a consulting security analyst for Kaplan, Nathan & Co. Steven earned a Bachelor's degree in Education from Northwestern University.

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A