FPAModerate AllocationFPAA · Cboe BZX

FPA Global Allocation ETF (FPAA)

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Price: $25.57; —12 Nov 2026
Assets: $31.5M; Total net assets
Expense ratio: 0.49%; Category 1.04%
Yield: —; Trailing distributions

1Y return: —; Category 6.4%
3Y CAGR: —; Category 12.6%
5Y CAGR: —; Category 4.8%

$25.57—12 Nov 2026

Fund

Assets: $31.5M
Expense: 0.49%
Categ. exp: 1.04%
Yield: —

ReturnFundCateg.

1Y—6.4%

3Y—12.6%

5Y—4.8%

Launch4.5%—

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FPA Global Allocation ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+2.1%	-0.7%	—	—	—	—	—	—	+4.5%
Moderate Allocation average	-0.8%	-2.7%	-0.7%	5.7%	6.4%	12.6%	4.8%	6.3%	8.2%
Difference	+2.9%	+2.0%	—	—	—	—	—	—	-3.7%

Holdings

The 3 largest positions make up 99.0% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
FPAG	FPA Global Equity ETF	62.49%
FPAS	FPA Short Duration Government ETF	34.14%
HYBB	iShares BB Rated Corporate Bond ETF	2.38%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 19.5
P/B: 2.1
P/S: 1.5
P/CF: 10.4

Sector allocation

Share of the equity the fund holds.

Health care16.8%
Communication services14.3%
Materials13.7%
Technology13.2%
Industrials12.4%
Consumer discretionary9.9%
Financial services9.8%
Consumer staples8.8%
Energy1.2%
Real estate0.0%
Utilities0.0%

Asset mix

Stocks60.9%
Bonds36.2%
Cash2.4%
Preferred shares0.6%

Credit quality

Share of the bonds by rating.

US government34.7%

ETF details

Issuer: FPA
Category: Asset Allocation · Moderate Allocation
Ticker: FPAA
Exchange: Cboe BZX
Inception: 5 Jun 2026 (0.4 years)
Structure: Exchange Traded Fund
Expense ratio: 0.49% (category 1.04%)
Holdings turnover: 0% (category 66%)
Distribution yield: —
Beta, 3 years: 0.00
Total net assets: $31.5M
Average duration: 4.30 years
Average maturity: 9.62 years

Prices and returns as of 12 Nov 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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