FPAS

FPA Short Duration Government ETF

$25.27

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The FPA Short Duration Government ETF seeks to provide investment results that correspond, before fees and expenses, to the inverse (opposite) of the daily performance of the ICE BofA 1-3 Year US Treasury Index.

Overview

ETF tracking FPA Short Duration Government ETF

Category Inverse

Issuer Other

Inception Date 2024-11-01

Market Cap $5.1M

Average Volume N/A

Dividend Yield 3.81%

52-Week Range $24.49 - $25.64

VWAP $25.22

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF uses a passive management (or indexing) approach and seeks to track the performance of its target index. It invests primarily in short-term U.S. Treasury securities and other government-related debt instruments to achieve its inverse exposure.

✨ Key Features

Provides inverse exposure to short-term U.S. Treasury securities
Designed to generate returns that are the opposite of the daily performance of the target index
Maintains a short duration portfolio to limit interest rate risk
Expense ratio of 0.00%

⚠️ Primary Risks

Inverse performance risk: The ETF's returns will be the opposite of the underlying index, which may not align with investor expectations over longer time periods
Liquidity risk: The ETF may have difficulty trading certain securities, particularly in volatile market conditions
Interest rate risk: Fluctuations in interest rates can affect the value of the ETF's holdings
Tracking error risk: The ETF may not perfectly track the performance of its target index

👤 Best For

This ETF may be suitable for investors seeking to hedge against or profit from declines in short-term U.S. Treasury securities. It is a specialized investment tool that requires a higher risk tolerance and should be used cautiously, especially for long-term holding periods.