FPAAvsMFULETF Comparison
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FPA Global Allocation ETF (FPAA) and Mindful Conservative ETF (MFUL) belong to the same industry segment: Multi-Asset: Other. FPAA's top 3 sector exposures are Sovereign, Technology and Consumer Non-Cyclicals. In contrast, MFUL's top sector exposures are Sovereign, Technology and Finance. FPAA is less expensive with a Total Expense Ratio (TER) of 1.33%, versus 1.48% for MFUL. Run a side-by-side ETF comparison of FPAA and MFUL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FPAA vs MFUL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FPAA MFUL | +1.04%-1.11% | +0.67%-0.98% | n/a+1.60% | n/a+1.35% | n/a+15.80% | n/an/a |
| Flows | FPAA MFUL | +$7M- | +$15M- | --$1M | --$20M | --$74M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FPAA MFUL | +8.08%+3.99% | n/a+4.51% | n/a+4.11% | n/an/a |
| Max drawdown | FPAA MFUL | -4.40%-2.85% | n/a-3.43% | n/a-4.60% | n/an/a |
| Max drawdown duration | FPAA MFUL | 51d63d | n/a65d | n/a205d | n/an/a |
Trading data
FPAA | MFUL | |
Last sale 10/16/2026 at 1:30 PM | $25.19 | $21.96 |
| Previous close 10/16/2026 | $25.26 | $22.10 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FPAA | MFUL | |
|---|---|---|
| Last price | $25.19 | $21.96 |
| 1D performance | -0.28% | -0.63% |
| AuM | $27.87 M | $7.18 M |
| E/R | 1.33% | 1.48% |
Characteristics
FPAA | MFUL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Pacific Advisors | Mohr Funds |
| Benchmark | - | - |
| N° of holdings | 10775 | 32439 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 5, 2026 | November 3, 2021 |
| ESG | No | No |
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Exposure
Countries
FPAA
USA
70.02%
Other
29.98%
MFUL
USA
74.02%
Other
25.98%
Sectors
FPAA
Sovereign
35.98%
Technology
12.92%
Consumer Non-Cycl.
8.56%
Healthcare
7.67%
Other
34.87%
MFUL
Sovereign
33.4%
Technology
10.49%
Finance
9.1%
Other
47.01%
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Diversification
FPAA
Total weight of top 15 holdings out of 15
59.12%
MFUL
Total weight of top 15 holdings out of 15
30.55%
Top 15 holdings
Data as of August 31, 2026
FPAA
USA, Notes 4.125% 30jun2031, USD (AA-2031)
21.27%
USA, Notes 4.125% 31may2031, USD (Z-2031)
8.18%
USA, Notes 4.375% 31jul2031, USD (AB-2031)
6.53%
Alphabet, Inc.
2.41%
International Flavors & Fragrances, Inc.
2.26%
Heineken Holding NV
2.03%
US9220408457
2.03%
Analog Devices, Inc.
2.02%
Citigroup, Inc.
1.94%
Becton, Dickinson & Co.
1.92%
Meta Platforms, Inc.
1.80%
Amazon.com, Inc.
1.75%
Arthur J. Gallagher & Co.
1.72%
The Magnum Ice Cream Co. N.V.
1.63%
Glencore Plc
1.63%
MFUL
US78467V1035
5.38%
US72201R5853
3.77%
USA, Notes FRN 31oct2027, USD (BK-2027)
3.77%
USA, Notes FRN 31jan2028, USD (AX-2028)
3.76%
USA, Notes FRN 30apr2028, USD (BB-2028)
3.76%
USA, Notes FRN 31jul2028, USD (BF-2028)
1.70%
Chevron Corp.
1.07%
USA, Bills 0% 29oct2026, USD (364D)
1.04%
USA, Bills 0% 8oct2026, USD (182D)
1.02%
Apple, Inc.
0.97%
USA, Notes 0.5% 30apr2027, USD (K-2027)
0.93%
NVIDIA Corp.
0.86%
USA, Bills 0% 27nov2026, USD (364D)
0.86%
Microsoft Corp.
0.84%
Verizon Communications, Inc.
0.84%
Frequently asked questions about FPAA and MFUL
Which ETF is bigger: FPAA or MFUL?
As of October 16, 2026, FPAA holds $27.87 M in assets under management (AUM), while MFUL manages $7.18 M.
What sectors do the FPAA and MFUL ETFs invest in?
FPAA leans toward sectors like Sovereign, Technology and Consumer Non-Cyclicals. Meanwhile, MFUL focuses on Sovereign, Technology and Finance.
What are the top holdings of the FPAA ETF and MFUL ETF?
FPAA top holdings include USA, Notes 4.125% 30jun2031, USD (AA-2031), USA, Notes 4.125% 31may2031, USD (Z-2031) and USA, Notes 4.375% 31jul2031, USD (AB-2031). MFUL holds in its top three: US78467V1035, US72201R5853 and USA, Notes FRN 31oct2027, USD (BK-2027).
Which ETF is more diversified: FPAA or MFUL?
FPAA holds 11103 securities with 59.12% of its assets in the top 15. MFUL has 36781 securities and a top 15 weight of 30.55%.
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