{
 "ticker": "FPAA",
 "name": "FPA Global Allocation ETF",
 "issuer": "FPA",
 "desk": "core",
 "url": "https://etfiq.com/funds/fpaa",
 "html": "https://etfiq.com/funds/fpaa",
 "markdown": "https://etfiq.com/funds/fpaa.md",
 "as_of": "2026-10-09",
 "verdict": "FPAA returned +1.8% since it first traded on Jun 8, 2026.",
 "category": {
  "id": "allocation",
  "name": "Allocation",
  "label": "Allocation ETFs",
  "url": "https://etfiq.com/allocation/",
  "group": {
   "id": "allocation",
   "name": "Allocation"
  },
  "segment": {
   "id": "moderate",
   "name": "Moderate",
   "url": "https://etfiq.com/allocation/moderate/"
  },
  "status": "classified",
  "as_of": "2026-10-11",
  "method": "https://etfiq.com/methodology/categories"
 },
 "key_facts": [
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch, Jun 8, 2026",
   "value": "+1.8%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "FPAA, total return, since launch, Jun 8, 2026: +1.8%, as of Oct 9, 2026."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.49%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "FPAA, expense ratio: 0.49%, as of Oct 9, 2026."
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "3",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "FPAA, holdings: 3, as of Oct 9, 2026."
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u22123.5%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "FPAA, below its high: \u22123.5%, as of Oct 9, 2026."
  },
  {
   "key": "last_payment_ex_date_sep_25_2026",
   "label": "Last payment, ex-date Sep 25, 2026",
   "value": "$0.1291",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "FPAA, last payment, ex-date Sep 25, 2026: $0.1291, as of Oct 9, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$10m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026",
   "as_of": "2026-10-09",
   "sentence": "FPAA, net assets: $10m (SEC filing, whole fund, as filed for Jun 30, 2026)."
  }
 ],
 "fields": [
  {
   "key": "fund_type",
   "label": "Fund type",
   "value": "Allocation fund",
   "source": null
  },
  {
   "key": "category",
   "label": "Category",
   "value": "Allocation \u00b7 Moderate",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.49%",
   "source": "485BPOS XBRL, May 22, 2026"
  },
  {
   "key": "price",
   "label": "Price",
   "value": "$24.91",
   "source": null
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Jun 8, 2026",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$10m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026"
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Its own holdings, as of Jun 30, 2026; its prospectus names no index it tracks",
   "source": "ETFIQ, from its filings"
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u22123.5%",
   "source": "ETFIQ"
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "3",
   "source": null
  },
  {
   "key": "top_ten_weight",
   "label": "Top ten weight",
   "value": "99.4%",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Jun 30, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "\u22121.2%",
   "S&P 500 (SPY)": "+2.4%",
   "Gap to SPY": "\u22123.6 pts"
  },
  {
   "window": "3 months",
   "Total return": "0.0%",
   "S&P 500 (SPY)": "+3.4%",
   "Gap to SPY": "\u22123.4 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+1.8%",
   "S&P 500 (SPY)": "+5.8%",
   "Gap to SPY": "\u22124.0 pts"
  }
 ],
 "questions": [
  {
   "q": "What does FPAA cost?",
   "a": "The prospectus expense ratio is 0.49% a year."
  },
  {
   "q": "What does FPAA hold?",
   "a": "3 positions as filed for Jun 30, 2026, with the top ten at 99.4% of the fund. 0% of its weight is in stocks the S&P 500 also holds."
  },
  {
   "q": "How far is FPAA below its high?",
   "a": "3.5% below its high of Aug 26, 2026, measured on the reinvested series to Oct 9, 2026."
  }
 ],
 "generated": "2026-10-11",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, FPAA, allocation fund, data as of Oct 9, 2026. https://etfiq.com/funds/fpaa"
}