FPA Global Equity ETF

C000232843 Fund Overview

FPA Global Equity ETF is a US ETF managed by Northern Lights Fund Trust III, categorised as Global (incl. US) Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Northern Lights Fund Trust III
• Category: Global (incl. US) Large Cap Blend / Core Equity
• Assets under management: $92.04M
• 1-year return: 29.3%
• SEC CIK: 0001537140
• SEC series ID: S000074718
• Share class ID: C000232843

C000232843 Investment Objective and Strategy

FPA Global Equity ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust III.

Investment objective

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

Principal investment strategy

Although the Fund has adopted a policy to invest at least 80% of its assets 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 defines mid- and large-cap companies to be those with market capitalization equal to or greater than $10 billion at the time of initial purchase. These securities may be traded on major stock exchanges, regional stock exchanges, over-the-counter markets and other quotation systems. Under normal circumstances, the Fund expects to invest at least 40% of its total assets in equity securities of non-U.S. issuers ( i.e.

, issuers headquartered outside the U.S. or at least 50% of its assets are outside the U.S. or 50% of its gross income is from non-U.S. sources). The equity securities held by the Fund may include common stocks and preferred stocks, and depositary receipts (including those paying dividends). The Adviser manages the Fund?s portfolio according to its Contrarian Value Equity Strategy, which seeks to invest in companies that currently appear out of favor or undervalued by the stock market, including those mired in bad news according to media headlines, but have a favorable outlook for long-term total return (growth of principal and income) in the Adviser?s estimation over 5-10 years. The Adviser conducts deep research into the underlying financial condition and prospects of individual companies, including potential future earnings, cash flow, and dividends to shareholders.

The Adviser consults with Wall Street professionals, industry consultants and the target company?s customers, competitors and executives to understand the company?s potential. The Adviser may, as part of its research, review current and historic SEC filings, conference call transcripts, and relevant periodicals to gain a full picture of the company. After identifying target companies for the Fund, the Adviser selects the companies whose equity securities are offered at a ?substantial discount? to the Adviser?s estimation of the company?s worth or intrinsic value. In seeking a ?substantial discount,? the Adviser looks for genuine bargains by seeking securities it believes have a compelling economic risk/reward proposition on an absolute basis rather than relative to companies in the same industry, or a comparative index or benchmark.

The Adviser may sell a security if its market price exceeds the Adviser?s estimate of its intrinsic value, or if its economic risk/reward proposition is no longer compelling or less compelling than that of other investments found by the Adviser. To achieve its objective, the Adviser may, at times, accept market volatility in the Fund?s share price and short-term Fund underperformance.

C000232843 Holdings

Top 10 holdings of FPA Global Equity ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000232843 holdings

C000232843 Portfolio Allocation

Asset-class allocation of FPA Global Equity ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000232843 Performance

Total returns for C000232843 (as of 2026-10-01), from SEC filings.

C000232843 Risk Information

Risk metrics for C000232843, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 15.4%

C000232843 Costs and Fees

C000232843 costs about $49 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.49%
• Gross expense ratio: 1.17%
• Portfolio turnover: 26%
• Brokerage commissions: 4.17 bps of average net assets (SEC N-CEN)

C000232843 Cashflows

Over the 12 months to 2024-03, FPA Global Equity ETF had net inflows of $46.09M, from monthly SEC N-PORT filings.

C000232843 Debt Constituents

No individual debt constituents are reported in FPA Global Equity ETF's latest SEC N-PORT filing.

C000232843 Prospectus and SEC Filings

Official FPA Global Equity ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2024-01-29
• Prospectus (485BPOS) — filed 2023-01-27
• Prospectus supplement (497) — filed 2021-12-28
• Portfolio holdings (N-PORT) — filed 2024-05-29
• Portfolio holdings (N-PORT) — filed 2024-02-28
• Portfolio holdings (N-PORT) — filed 2023-11-28
• Annual census (N-CEN) — filed 2023-12-14
• Annual census (N-CEN) — filed 2022-12-14

Related Funds

Other Global (incl. US) Large Cap Blend / Core Equity funds tracked on ABC INVEST:

• Capital World Growth & Income Fund (CWGIX)
• Vanguard Total World Stock Index Fund (VT)
• iShares MSCI ACWI ETF (ACWI)
• Old Westbury Large Cap Strategies Fund (OWLSX)
• iShares MSCI World ETF (URTH)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.