FPAShort GovernmentFPAS · Cboe BZX

FPA Short Duration Government ETF (FPAS)

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Price: $24.17; —30 Oct 2026
Assets: $13.7M; Total net assets
Expense ratio: 0.10%; Category 0.52%
Yield: 5.01%; Trailing distributions

1Y return: -0.4%-2.4%; Category 2.0%
3Y CAGR: —; Category 4.4%
5Y CAGR: —; Category 2.2%

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FPA Short Duration Government 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	+2.3%	-0.1%	-1.0%	-1.3%	-0.4%	—	—	—	+2.9%
Short Government average	1.0%	0.5%	0.7%	1.2%	2.0%	4.4%	2.2%	1.9%	2.7%
Difference	+1.3%	-0.6%	-1.7%	-2.5%	-2.4%	—	—	—	+0.2%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

US government98.9%

Asset mix

Bonds98.9%
Cash1.1%

ETF details

Issuer: FPA
Category: Fixed Income · Short Government
Ticker: FPAS
Exchange: Cboe BZX
Inception: 31 Oct 2024 (2.0 years)
Structure: Exchange Traded Fund
Expense ratio: 0.10% (category 0.52%)
Holdings turnover: 228% (category 192%)
Distribution yield: 5.01%
Beta, 3 years: 0.00
Total net assets: $13.7M
Average duration: 4.18 years
Average maturity: 9.63 years

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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