FPA Global Equity ETF

FPA Global Equity ETF (FPAG) is an actively managed exchange-traded fund listed on the Chicago Board Options Exchange (CBOE), launched on December 17, 2021, and managed by First Pacific Advisors (FPA). The fund seeks long-term growth of principal and income by investing in a diversified portfolio of large- and mid-cap value stocks across developed and emerging global markets, employing a Contrarian Value Equity Strategy that targets companies considered undervalued or out of favor but with favorable growth prospects over a 5- to 10-year horizon. With approximately $387–$521 million in assets under management, the fund limits its non-U.S. exposure to 40% of net assets and holds a portfolio of roughly 46–68 securities, with top holdings including Alphabet, Analog Devices, Citigroup, Meta Platforms, and International Flavors & Fragrances. FPAG is managed by portfolio managers Mark Landecker, Steven Romick, and Brian Selmo, carries a net expense ratio of 0.49%, and has earned a Morningstar Medalist Rating of Silver for its strong management team and sound investment process.