Fund Evaluator:
FPA Short Duration Government ETF (FPAS)
Follow This Fund
Fixed Income
Global Asset Class
Taxable Bond
Fund Group
Short Government
Category
$0.000
NAV (as of )
$0.00
Minimum Initial
0.10% C
Expense Ratio
$11 Mil
Assets
Open
Status
na
12b-1 Fee
4.81%
TTM Yield
0.00%
Max Load
228%
Portfolio Turnover
Best Performing in Short Government Over the Last Year
| 3.3% | Vanguard Short-Term Federal Adm (VSGDX) |
| 3.2% | Vanguard Short-Term Federal Inv (VSGBX) |
| 3.1% | Vanguard Short-Term Treasury Idx Admiral (VSBSX) |
| 3.0% | Vanguard Short-Term Treasury Adm (VFIRX) |
| 2.9% | Vanguard Short-Term Treasury Inv (VFISX) |
Data as of 7/31/2026
-0.6% F
1-Mo Return
-1.0% F
3-Mo Return
-0.9% F
YTD Return
1.7% F
1-Yr Return
na
3-Yr Return
na
5-Yr Return
na
Category Risk Index
na
Total Risk Index
Fund Details
Fund Family
FPA
Inception Date
10/31/2024
Share Class Type
Equity Investment Style
na
Bond Investment Style
na
Socially Responsible Fund
No
Index Fund
No
Benchmark Index
Bloomberg US Agg Bond TR USD: 100%
Additional Fund Details
FPA Short Duration Government ETF Overview
FPAS Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FPAS Return (NAV) | -0.6% | -1.0% | 1.7% | na | na | na |
| FPAS Grade | F | F | F | na | na | na |
| +/- Category | -0.5% | -1.1% | -1.2% | na | na | na |
| Short Government Avg | -0.1% | 0.1% | 2.9% | 4.2% | 1.5% | 1.5% |
| FPAS Tax Cost Ratio | na | na | 1.9% | na | na | na |
FPAS Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FPAS Return (NAV) | -0.9% | 6.8% | na | na | na | na | na | na | na | na | na |
| FPAS Grade | F | A | na | na | na | na | na | na | na | na | na |
| +/- Category | -1.5% | 1.4% | na | na | na | na | na | na | na | na | na |
| Short Government Avg | 0.6% | 5.4% | 3.8% | 4.0% | -4.9% | -1.1% | 3.2% | 3.2% | 1.1% | 0.5% | 0.7% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 4.8% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $11 Mil |
| Fund Total Assets: | $ 12 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 228% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 1.8 years | |||
| Average Tenure: 1.8 years | |||
| Managers (Year): Patwardhan Abhijeet (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 4 |
| % in Top 10 Holdings: | 93.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 93.6% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 6.4% |
Purchase Information
| Fund Family: | FPA |
| Phone Number: | 800-982-4372 |
| Website: | www.fpafunds.com |
| Status: | Open |
| Inception Date: | October 31, 2024 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.10% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 0.64% |
| Share Class: | FPA Short Duration Government ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
Copyright 2026 American Association of Individual Investors and Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.