FPA Global Equity ETF
Name
As of 09/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
12.8%
1 yr return
23.7%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$69.8 M
Holdings in Top 10
47.9%
52 WEEK LOW AND HIGH
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 09/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FPAG - Profile
Distributions
- YTD Total Return 12.8%
- 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
- Dividend Yield 1.3%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFPA Global Equity ETF
-
Fund Family NameFIRSTPACAD
-
Inception DateDec 16, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark 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 Funds 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 Funds 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 Advisers 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 companys customers, competitors and executives to understand the companys 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 Advisers estimation of the companys 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 Advisers 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 Funds share price and short-term Fund underperformance.
FPAG - Performance
Return Ranking - Trailing
Period | FPAG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 12.8% | N/A | N/A | N/A |
1 Yr | 23.7% | 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 | 12.8% | N/A | N/A | N/A |
1 Yr | 23.7% | 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 | 46 | N/A | N/A | N/A |
Net Assets in Top 10 | 44 M | N/A | N/A | N/A |
Weighting of Top 10 | 47.86% | N/A | N/A | N/A |
Top 10 Holdings
- HOLCIM LTD 6.04%
- META PLATFORMS-A 5.79%
- ALPHABET INC-A 5.48%
- COMCAST CORP-A 5.26%
- ANALOG DEVICES 4.91%
- CITIGROUP INC 4.82%
- TE CONNECTIVITY 4.65%
- INTL FLVR FRAG 3.82%
- ALPHABET INC-C 3.62%
- WELLS FARGO CO 3.47%
Asset Allocation
Weighting | Return Low | Return High | FPAG % Rank | |
---|---|---|---|---|
Stocks | 99.33% | N/A | N/A | N/A |
Cash | 0.67% | 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 | 73.18% | N/A | N/A | N/A |
Non US | 26.15% | 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 | 1.25% | 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
Date | Amount | Type |
---|---|---|
Jun 14, 2024 | $0.093 | OrdinaryDividend |
Mar 15, 2024 | $0.050 | OrdinaryDividend |
Dec 14, 2023 | $0.124 | OrdinaryDividend |
Sep 14, 2023 | $0.098 | OrdinaryDividend |
Jun 15, 2023 | $0.154 | OrdinaryDividend |
Mar 15, 2023 | $0.023 | OrdinaryDividend |
Dec 15, 2022 | $0.062 | OrdinaryDividend |
Sep 15, 2022 | $0.067 | OrdinaryDividend |
Jun 15, 2022 | $0.113 | OrdinaryDividend |
Mar 15, 2022 | $0.012 | OrdinaryDividend |
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 |