FPA Global Equity ETF

Investment Objective

The Fund seeks long-term growth of principal and income.

Fund Details (as of TBD)
Ticker
FPAG
Type
Active
CUSIP
66538R631
ISIN
US66538R6311
Primary Exchange
Cboe BZX Exchange, Inc.
Inception Date
Dec 17, 2021
Gross Expense Ratio
1.54%
Net Expense Ratio
0.49%
Fund AUM
TBD
Advisor
First Pacific Advisors, LP
Fund Distributor
Northern Lights Distributors, LLC
Fund NAV/Market Price (as of TBD)
NAV
TBD
NAV Change
TBD
Market Price
$24.95
Market Price Change
TBD
Premium/Discount
0.60%
Median Bid/Ask Spread
TBD
Historical Premium/Discount
 
 
Days at Premium
Days at NAV
Days at Discount

As with any stock, the price of the Fund’s shares will fluctuate with market conditions and other factors. Shares of ETFs frequently trade at a price that is less than (a “discount”) or more than (a “premium”) their net asset value. If the Fund’s shares trade at a premium to net asset value, there is no assurance that any such premium will be sustained for any period of time and will not decrease, or that the shares will not trade at a discount to net asset value thereafter.

Portfolio Holdings (as of TBD)
Ticker
Description
Quantity
Portfolio Weight

* Holding data is provided “as of” the date indicated. Holdings are subject to change without notice. Holdings are provided for informational purposes only and should be not be considered a recommendation to buy or sell the securities listed.

Investment Team

Mark Landecker, CFA

Portfolio Manager

Mark joined FPA in 2009. He serves as a Portfolio Manager for FPA. Prior to joining the firm, Mark served as Portfolio Manager at both Kinney Asset Management and Arrow Investments, Inc., and as associate at TD Capital and PricewaterhouseCoopers. Mark earned a BBA (with honors) from the Schulich School of Business, York University, Toronto, Canada. He is a CFA® Charterholder.

Steven Romick, CFA

Portfolio Manager

Steven joined FPA in 1996. He serves as a Portfolio Manager for FPA. Prior to joining the firm, Steven was Chairman of Crescent Management and a consulting security analyst for Kaplan, Nathan & Co. Steven earned a Bachelor’s degree in Education from Northwestern University. He is a CFA® Charterholder.

Brian A. Selmo, CFA

Portfolio Manager

Brian joined the firm in 2008. He serves as a Portfolio Manager and Director of Research for FPA. Prior to joining the firm, Brian was founder and managing member of Eagle Lake Capital, LLC, and Portfolio Manager of its predecessor. Previously, he was an analyst at Third Avenue Management and Rothschild, Inc. Brian earned a Bachelor's degree in Economics (with honors) from The Johns Hopkins University, where he graduated Phi Beta Kappa. He is a CFA® Charterholder.

The FPA Global Equity ETF is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. First Pacific Advisors, LP, the Funds advisor is not affiliated with Northern Lights Distributors, LLC.

You should consider the Fund's investment objectives, risks, and charges and expenses carefully before you invest. The Prospectus details the Fund's objective and policies, charges, and other matters of interest to the prospective investor. Please read the Prospectus carefully before investing. You may obtain the prospectus by clicking on the link above.

Important Risk Information

The Fund is new with limited operating history. Past performance does not guarantee future results. The Fund’s net asset value and investment return will fluctuate based upon changes in the value of its portfolio securities. There is no assurance that the Fund will achieve its investment objective, and an investment in the Fund is not by itself a complete or balanced investment program. For a complete description of the Fund’s principal investment risks please refer to the prospectus.

Shares of the Fund are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Because ETFs trade like stocks, the Fund may trade at prices above or below the ETF's NAV. While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. Brokerage commissions and ETF expenses will reduce returns.

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