Dividend-adjusted return from the previous close · S&P 500 uses VOOFPASS&P 500 · VOO
| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | +0.1% | +1.7% | −0.3% | −1.2% | −0.4% | — | — | +5.8% |
| Peer average | +0.3% | +2.6% | −0.1% | −0.6% | −0.7% | +14.0% | −5.8% | — |
| S&P 500 · VOO | +1.6% | −1.6% | 0.0% | +13.4% | +13.5% | +91.7% | +81.2% | — |
Key Statistics
Open all fund facts →- AUM
- $16M
- Expense ratio
- 8.90%
- Distribution yield
- 4.7%
- NAV
- $24.15
- Volume
- 121
- Avg. volume 30D
- 3K
- High today
- $24.18
- Low today
- $24.18
- Previous close
- $24.16
- 52-week high
- $25.51
- 52-week low
- $23.69
- Our risk indicator
- 2/5
FPAS in One Breath
FPAS Among Treasuries ETFs
YTDEnd-of-day Nov 5, 2026 · 104 Treasuries ETFs by YTD
$10,000 in FPAS
5Y$10,000 in FPAS became
$10,582
In the S&P 500 (VOO)
$13,753
Total return, dividends in · Nov 1, 2024 – Nov 4, 2026 · S&P 500 uses VOO
FPAS’s Top Holdings
TodayUS TREAS NTS 4Us Treas Nts 4.125% 06/30/3144.1%US TREAS NTS18.5%US TREAS NTS14.6%US TREAS NTS14.6%US TREAS NTS3.7%US TREAS NTS3.7%CASHUSD
US TREAS NTS 4Us Treas Nts 4.125% 06/30/3144.1%US TREAS NTS18.5%US TREAS NTS14.6%US TREAS NTS14.6%US TREAS NTS3.7%US TREAS NTS3.7%CASHU
FPA FPAS · 0 holdings · tile size = share of the fund · as of Nov 4, 2026
What FPAS Holds
TodayAll holdings100.2%
US TREAS N 44.1 · US TREAS N 18.5 · US TREAS N 14.6 · US TREAS N 14.6 · US TREAS N 3.7 · US TREAS N 3.7 · CASHUSD 1.0
FPA FPAS · share of the fund · as of Nov 4, 2026
Us’ Share of FPAS
Today44.1%
$441 of every $1,000 in FPAS is Us
Us held by FPAS
$7.2M
FPA FPAS · each square = $10 of $1,000 · as of Nov 4, 2026
FPAS’s Share of Treasuries ETFs
Today0.0%
of the $472B in 122 Treasuries ETFs
$16.3M0.0%
$48.3B10.2%
$44.0B9.3%
$380B80.4%
Treasuries ETF AUM · Nov 5, 2026
FPAS Fee per $100 vs Peers
TodayExpense ratio · Treasuries peers · Nov 5, 2026
Inside FPAS
as of Nov 4, 2026FPAS
FPA Short Duration Government ETF
TodayAll holdings100.2%US Treas NTSUS Treas NTS 4.125% 06/30/3144.1%US Treas N18.5%US Treas N14.6%US Treas N14.6%US Treas N3.7%US Treas N3.7%CASHU
All holdings100.2%US Treas NTSUS Treas NTS 4.125% 06/30/3144.1%US Treas N18.5%US Treas N14.6%US Treas N14.6%
| # | Ticker | Company | Weight ▼ |
|---|---|---|---|
| 1 | — | US Treas NTS 4.125% 06/30/31 | 44.11% |
| 2 | — | US Treas NTS 4.125% 05/31/31 | 18.48% |
| 3 | — | US Treas NTS 5% 09/30/31 | 14.64% |
| 4 | — | US Treas NTS 4.375% 07/31/31 | 14.63% |
| 5 | — | US Treas NTS 4.375% 08/31/31 | 3.68% |
| 6 | — | US Treas NTS 4.75% 10/31/31 | 3.66% |
| 7 | CASHUSD | CASHUSD | 1.01% |
FPA FPAS · current holdings by weight · as of Nov 4, 2026 · each tile is one holding
How It Compares
FPAS
FPA Short Duration Government ETF’s Peers
YTDTreasuries peers · YTD and past-year returns · as of Nov 5, 2026 · sorted by AUM
Head to Head
Put FPAS head to head with TLT →TLT vs FPAS
YTDYear to date
FPAS wins+1.3 pts
Past year
FPAS wins+4.2 pts
Fee
TLT winslower fee
Yield
TLT wins+0.1 pts
AUM
TLT2964.6× more
2–2level
iShares TLT and FPA FPAS · year-to-date · as of Nov 5, 2026 · AUM not scored
FPAS vs VOO
YTDFPAS · FPA Short Duration Government
−1.2%
VOO · S&P 500
+13.4%
Gap
14.6 pts
FPA FPAS and Vanguard VOO · YTD total return · as of Nov 5, 2026
FPAS vs Its Peer Average
YTDFPASAvsBPeer average
1D+0.1%+0.3%
1M+1.7%+2.6%
3M−0.3%−0.1%
YTD−1.2%−0.6%
1Y−0.4%−0.7%
3Y[…]+14.0%
5Y[…]−5.8%
1–4Peer average wins
121 Treasuries peers · each row scaled to its leader
The Details
FPAS
Risk
1Y2/5our risk indicator
CalmerBumpier
Volatility · 1Y3.72%
Deepest drop · 1Y−4.6%
Lowest point · 5Y−0.8%
52-week range
$24.18
$23.69−5.2% from the high$25.51
FPA FPAS · past-year price moves · as of Nov 5, 2026
FPAS
Fund Facts
Today2024launched Oct 29
Tracks[…]
Exchange · CUSIPCBOE · 30254T478
StructureETF
Leverage1x
Cost on $10,000$890 a year
Go deeper
FPA FPAS · fund facts · as of Nov 5, 2026
FPAS
Payouts by Year
3Y$0.0866per share, Oct 2026
Distribution yield4.7%
PaidEvery month
Latest ex-date · paidOct 13 · Oct 20, 2026
12 payouts added up$1.13 a share
FPA FPAS · distributions by ex-date · 2024–2026
All Fund FactsDocuments · trading · fees · every payout
Prospectus & Documents
prospectus · SEC 497 ↗SEC reported portfolio · 2026-06-30 ↗SEC reported portfolio · 2026-03-31 ↗SEC reported portfolio · 2025-12-31 ↗summary prospectus · SEC 497K ↗annual report · SEC N-CSR ↗SEC reported portfolio · 2025-09-30 ↗SEC reported portfolio · 2025-06-30 ↗SEC reported portfolio · 2025-03-31 ↗SEC reported portfolio · 2024-12-31 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗prospectus · SEC 485APOS ↗
Trading & Liquidity
Net asset value$24.15
Premium / discount[…]
Median spread · 30D[…]
Volume today121
Average volume · 30D3K
Shares outstanding[…]
Options[…]
Fees & Costs
Net expense ratio8.90%
Gross expense ratio[…]
Management fee[…]
Cost on $10,000 a year$890.00
Our risk indicator2/5
Estimated yearly cost excludes trading costs and assumes constant assets.
Distributions
| Ex-date | Paid | Per share |
|---|---|---|
| Oct 13, 2026 | Oct 20, 2026 | $0.0866 |
| Sep 15, 2026 | Sep 22, 2026 | $0.0860 |
| Aug 13, 2026 | Aug 20, 2026 | $0.0908 |
| Jul 14, 2026 | Jul 21, 2026 | $0.0817 |
| Jun 16, 2026 | Jun 23, 2026 | $0.0767 |
| May 12, 2026 | May 19, 2026 | $0.0831 |
| Apr 14, 2026 | Apr 21, 2026 | $0.0870 |
| Mar 13, 2026 | Mar 20, 2026 | $0.0759 |
| Feb 13, 2026 | Feb 20, 2026 | $0.0748 |
| Jan 13, 2026 | Jan 20, 2026 | $0.0802 |
| Dec 12, 2025 | Dec 18, 2025 | $0.16 |
| Nov 13, 2025 | Nov 20, 2025 | $0.15 |
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