Key stats
About FPA Short Duration Government ETF
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Inception date
Oct 31, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Pacific Advisors LP
Distributor
Distribution Services LLC
ISIN
US30254T4783
FPAS seeks long-term total return with capital preservation by actively investing in debt securities backed by the US government and its agencies. These securities consist of US Treasurys and mortgage-related securities issued by the Government National Mortgage Association (GNMA) and the Federal Home Loan Mortgage Corporation (FHLMC). It also has the flexibility to invest up to 10% of its portfolio in other investment-grade securities including ETFs, mutual funds, and cash and cash equivalent securities. The fund may hold bonds of any maturity or duration but strives for an effective portfolio duration of one to five years. Since the fund is actively managed, security selection and investment decisions are at the discretion of the adviser.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government97.47%
Cash2.53%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FPAS top holdings are United States Treasury Notes 4.0% 31-MAR-2030 and United States Treasury Notes 4.0% 28-FEB-2030, occupying 24.32% and 24.20% of the portfolio correspondingly.
FPAS last dividends amounted to 0.08 USD. The quarter before, the issuer paid 0.08 USD in dividends, which shows a 2.48% decrease.
FPAS assets under management is 3.82 M USD. It's risen 0.23% over the last month.
FPAS fund flows account for 2.52 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FPAS pays dividends to its holders with the dividend yield of 3.92%. The last dividend (Sep 22, 2025) amounted to 0.08 USD. The dividends are paid quarterly.
FPAS shares are issued by First Pacific Advisors LP under the brand FPA. The ETF was launched on Oct 31, 2024, and its management style is Active.
FPAS expense ratio is 0.09% meaning you'd have to pay 0.09% of your investment to help manage the fund.
FPAS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FPAS invests in bonds.
FPAS price has risen by 0.37% over the last month, and its yearly performance shows a 1.74% increase. See more dynamics on FPAS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.70% over the last month, showed a 1.80% increase in three-month performance and has increased by 5.97% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.70% over the last month, showed a 1.80% increase in three-month performance and has increased by 5.97% in a year.
FPAS trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.