FPAG ETF — FPA Global Equity ETF

FPA Global Equity ETF (FPAG)

Updated October 16, 2026.

FPAG is an ETF. its distribution rate is 0.83%, its trailing-12-month yield is 1.29%, its expense ratio is 0.49%. Dividend Vision Distribution Safety Score™ is 67/100 (Generally safe). Total return is 79.9% over the past 4.8 years, 3.1 points ahead of SPY at 76.8%.

FPA Global Equity ETF is an actively managed fund investing primarily in publicly traded common stocks of mid- and large-cap U.S. and international companies, including those in emerging markets, with a non-diversified portfolio structure. The fund carries a modest current distribution rate, makes quarterly distributions, and has an expense ratio of 0.49%.

FPAG performance versus SPY

Price and return data through 2026-10-16.

Total return is 79.9% over the past 4.8 years, 3.1 points ahead of SPY at 76.8%. Over the past year its total return — price change plus distributions reinvested — is 18.5%. Its deepest 1-year drawdown was 12.1%.

FPAG key facts

Distribution Safety Score™

67 · Generally safe

Safety-Adjusted Yield

0.56%

Issuer

FPA

Asset type

ETF

Asset class

Equity

Inception date

12/16/2021

Expense ratio

0.49%

Distribution rate

0.83%

Distribution frequency

Quarterly

Trailing yield

1.29%

Last close

$41.87 (as of 2026-10-16)

AUM

$637,157,761

Average volume

16163.0

Dividend

$0.087

Ex-dividend date

09/15/2026

Payment date

09/22/2026

Beta

1.01

How Dividend Vision calculates yield and returns

Distribution rate (0.83%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.29%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: FPA; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FPAG risks and drawbacks

FPAG's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 12.1%.

Who may consider FPAG — and who may not

It is a weaker fit for investors who need monthly cash flow (FPAG pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on FPAG

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Frequently asked questions

More securities from FPA.