FPA Short Duration Government ETFFPAS

FPABonds & CashTreasuries#661 of 785 by YTD

$24.16

−0.2% last session

−1.3% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Oct 31, 2025 – Nov 3, 2026FPASS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−0.2%	+1.7%	−0.7%	−1.3%	−0.4%	—	—	+5.7%
Peer average	−0.3%	+2.5%	−0.6%	−0.8%	−1.1%	+13.4%	−5.6%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $16M
Expense ratio: 8.90%
Distribution yield: 4.7%
NAV: $24.15
Volume: 124
Avg. volume 30D: 3K
High today: $24.16
Low today: $24.16
Previous close: $24.20
52-week high: $25.51
52-week low: $23.69
Our risk indicator: 2/5

FPAS in One Breath

FPAS Among Treasuries ETFs

YTD

#1IBIDiShares+3.6%$157M

#2IBICiShares+3.5%$74.4M

#3TBILF/m+3.1%$7.5B

#4XBILF/m+3.0%$792M

#5TBLLInvesco+3.0%$2.9B

#6IBTGiShares+3.0%$1.9B

#7XHLFBondBloxx+2.9%$2.0B

#8OBILF/m+2.6%$337M

#66FPASFPA−1.3%$16.3M

End-of-day Nov 4, 2026 · 104 Treasuries ETFs by YTD

$10,000 in FPAS

$10,000 in FPAS became

$10,573

In the S&P 500 (VOO)

$13,534

Total return, dividends in · Nov 1, 2024 – Nov 3, 2026 · S&P 500 uses VOO

FPAS Returns by Period

Today

YTD

MAX

FPAS

−0.2%

+1.7%

−0.7%

−1.3%

−0.4%

—

+5.7%

Peer average

−0.3%

+2.5%

−0.6%

−0.8%

−1.1%

+13.4%

−5.6%

—

S&P 500 · VOO

+0.3%

−2.6%

−1.7%

+11.5%

+11.9%

+90.9%

+77.5%

—

End-of-day Nov 4, 2026 · total return, dividends in · peers = 121 Treasuries ETFs

FPAS’s Bonds & Cash Rank

YTD

#661of 785
bonds & cash ETFs

Best · RSBY+18.5%

Average+0.3%

FPAS−1.3%

Worst · MVRL−30.1%

Bonds & Cash ETFs by YTD return · Nov 4, 2026

FPAS Price and 52-Week Range

From the 52-week high

−5.3%

From the 52-week low

+2.0%

Today $24.16 – $24.16

Previous close $24.20

$24.16 now

52-week low$23.6952-week high$25.51

End-of-day Nov 4, 2026 · box = today’s range, dashed = previous close

FPAS’s Share of Treasuries ETFs

Today

0.0%

of the $472B in 122 Treasuries ETFs

FPAS$16.3M0.0%

TLT$48.3B10.2%

IEF$44.0B9.3%

119 others$380B80.4%

Treasuries ETF AUM · Nov 4, 2026

FPAS Fee per $100 vs Peers

Today

$8.90a year
per $100

$890 a year on $10,000

VGIT$0.03

VGSH$0.03

GOVT$0.05

TLT$0.15

IEF$0.15

FPAS$8.90

Expense ratio · Treasuries peers · Nov 4, 2026

Inside FPAS

FPAS

FPA Short Duration Government ETF

Today

FPAS reports no holdings we can show: […]

FPA FPAS · holdings

How It Compares

FPAS

FPA Short Duration Government ETF’s Peers

Today


TLT	iSharesRead Desk	0.15%	−0.8%	−5.6%	$48.3B
IEF	iSharesRead Desk	0.15%	−0.4%	−1.8%	$44.0B
GOVT	iSharesRead Desk	0.05%	−0.3%	−0.4%	$43.1B
VGIT	VanguardRead Desk	0.03%	−0.2%	−0.5%	$39.7B
VGSH	VanguardRead Desk	0.03%	0.0%	+2.1%	$35.1B
FPAS	FPAThis fundRead Desk	8.90%	−0.2%	−0.4%	$16M

Treasuries peers · Today’s and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put FPAS head to head with TLT →

TLT vs FPAS

YTD

TLTiShares · TreasuriesFPASFPA · Treasuries

Year to date

−3.3%

−1.3%

FPAS wins+2.0 pts

Past year

−5.6%

−0.4%

FPAS wins+5.2 pts

Fee

0.15%

8.90%

TLT winslower fee

Yield

4.8%

4.7%

TLT wins+0.2 pts

AUM

$48.3B

$16.3M

TLT2964.6× more

2–2level

iShares TLT and FPA FPAS · year-to-date · as of Nov 4, 2026 · AUM not scored

FPAS vs VOO

YTD

FPAS · FPA Short Duration Government

−1.3%

VOO · S&P 500

+11.5%

Gap

12.9 pts

FPA FPAS and Vanguard VOO · Today total return · as of Nov 4, 2026

FPAS vs Its Peer Average

YTD

FPASAvsBPeer average

1D−0.2%−0.3%

1M+1.7%+2.5%

3M−0.7%−0.6%

YTD−1.3%−0.8%

1Y−0.4%−1.1%

3Y[…]+13.4%

5Y[…]−5.6%

2–3Peer average wins

121 Treasuries peers · each row scaled to its leader

The Details

FPAS

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y3.72%

Deepest drop · 1Y−4.6%

Lowest point · 5Y−0.8%

52-week range

$24.16

$23.69−5.3% from the high$25.51

FPA FPAS · past-year price moves · as of Nov 4, 2026

FPAS

Fund Facts

Today

2024launched Oct 29

Tracks[…]

Exchange · CUSIPCBOE · 30254T478

StructureETF

Leverage1x

Cost on $10,000$890 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

FPA FPAS · fund facts · as of Nov 4, 2026

FPAS

Payouts by Year

$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 today124

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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