ETF Evaluator: F/m Compoundr U.S. Aggregate Bond ETF () Follow This ETF

F/m Compoundr U.S. Aggregate Bond ETF Overview

F/m Compoundr U.S. Aggregate Bond ETF (CPAG) is a passively managed Taxable Bond Intermediate Core Bond exchange-traded fund (ETF). F/m investments, LLC launched the ETF in 2025.

The investment seeks investment results, that correspond (before fees and expenses) generally to the Nasdaq Compoundr U.S. Aggregate Bond™ Index. The fund is a passively-managed ETF that seeks investment results, before fees and expenses, that correspond generally to the price and yield performance of the Nasdaq Compoundr U.S. Aggregate Bond™ Index, which is designed to offer exposure consistent with the total return of U.S. investment-grade aggregate bonds, without receiving and reinvesting dividend income, by investing in ETFs. The fund is non-diversified.

About F/m Compoundr U.S. Aggregate Bond ETF (CPAG)

There are 3 members of the management team with an average tenure of 0.97 years: Peter Baden (2025), Kevin Conrath (2025) and Marcin Zdunek (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: Nasdaq Compoundr U.S. Agg Bond TR USD index with a weighting of 100%. F/m Compoundr U.S. Aggregate Bond ETF has 4 securities in its portfolio. The top 10 holdings constitute 100.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

F/m Compoundr U.S. Aggregate Bond ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. F/m Compoundr U.S. Aggregate Bond ETF has 9.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.4% (89.8% domestic bond, 9.6% foreign bond and 0.0% convertible bond). F/m Compoundr U.S. Aggregate Bond ETF has -49.2% of the portfolio in cash.

Assets Under Management

The fund has $288 million in total assets, which is below the $6 billion average for the Intermediate Core Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

CPAG Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The F/m Compoundr U.S. Aggregate Bond ETF expense ratio is below average compared to funds in the Intermediate Core Bond category. F/m Compoundr U.S. Aggregate Bond ETF has an expense ratio of 0.31%, which is 3% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. F/m Compoundr U.S. Aggregate Bond ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 95% for the Intermediate Core Bond category.

Recently, in the month of July 2026, F/m Compoundr U.S. Aggregate Bond ETF returned -1.4%, which earned it a grade of D, as the Intermediate Core Bond category had an average return of -1.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

F/m Compoundr U.S. Aggregate Bond ETF has a trailing yield of 0.00%, which is below the 4.44% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

F/m Compoundr U.S. Aggregate Bond ETF Grades

Year to date, the ETF has returned -0.9%, 0.6 percentage points worse than the category, which translates into a grade of F.

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