FPAS FPA Short Duration Government ETF
Quote as of Sep 24, 2026 20:04 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 23.80 | Day Range | 23.79 – 23.79 |
| 52-Week Range | 23.78 – 25.60 | Volume | 7 |
| Avg Volume | 1.28K | AUM | $13.8M (Sep 25, 2026) |
| Expense Ratio | 0.10% | Yield (TTM) | — |
| NAV | 23.86 | Premium/Discount | -0.29% indicative |
| Inception | Nov 01, 2024 | Holdings | — |
| Issuer | — | Exchange | CBOE |
| Category | Treasury Bonds | Index Tracked | Not stated in source data |
| CUSIP | 30254T478 | ISIN | US30254T4783 |
| Structure | Inverse | ||
| Management | Actively managed (per issuer description) | ||
About this ETF
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.
Description from the fund data provider · profile as of Sep 25, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -3.14% | -3.84% | -4.15% | -6.01% | -6.56% | — | — | — | -2.48% |
| Total return | -2.78% | -2.82% | -2.18% | -3.17% | -2.02% | — | — | — | +1.96% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Sep 24, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.10% | Annual cost of a $10,000 investment | $10.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | — | Paid (last 12 months) | — |
| Frequency | — | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | — | Last payment | — |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
No distributions in our database for this fund; it may not pay them, or history has not loaded yet.
Risk Statistics
| Volatility 1Y / 3Y | 3.40% / — | Sharpe 1Y / 3Y | -1.77 / — |
| Max drawdown 1Y / 3Y | -4.23% / — | Sortino 1Y | -2.32 |
| Beta vs S&P 500 (3Y) | -0.006 | Correlation vs S&P 500 (1Y) | 0.256 |
| Downside deviation 1Y | 2.59% | Risk-free rate used | 4.04% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Sep 25, 2026. Formulas →
Liquidity
| Volume today | 7 | Average volume | 1.28K |
| AUM | $13.8M | Premium/Discount | -0.29% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing. No official links available from our data source for this fund yet.
Latest News for FPAS
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.