FPAG – FPA Global Equity ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks long-term growth of principal and income. Although the adviser has adopted a policy to invest at least 80% of its net assets,plus the amount of borrowings for investment purposes, in equity securities, the adviser expects to invest, under normal circumstances, at least 95% of the fund’s assets in equity securities. The fund invests primarily in publicly traded common stocks of mid- and large-cap U.S. and non-U.S. companies, including companies in emerging market countries. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FPAG	FPA Global Equity ETF	ETF	Open			Dec 16, 2021	$682.85M	0.490%	—	—	$346.43M

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