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CPAG ETF — Holdings & Analysis

The F/m Compoundr U.S. Aggregate Bond ETF (CPAG) is a fixed-income ETF with $0.01 billion in assets under management and an expense ratio of 0.31%. Launched in August 2025, CPAG aims to replicate the total return of U.S.

investment-grade aggregate bonds without reinvesting dividend income. It achieves this by investing primarily in other ETFs that focus on U.S. dollar-denominated investment-grade bonds, offering a streamlined approach to bond market exposure. Past performance does not guarantee future results.

F/m Compoundr U.S. Aggregate Bond ETF (CPAG) ETF — Price, Holdings & Analysis

The F/m Compoundr U.S. Aggregate Bond ETF (CPAG) is a fixed-income ETF with $0.01 billion in assets under management and an expense ratio of 0.31%. Launched in August 2025, CPAG aims to replicate the total return of U.S. investment-grade aggregate bonds without reinvesting dividend income. It achieves this by investing primarily in other ETFs that focus on U.S. dollar-denominated investment-grade bonds, offering a streamlined approach to bond market exposure. Past performance does not guarantee future results.

ETF Overview

The index is designed to offer exposure consistent with the total return of U.S. investment-grade aggregate bonds, without receiving and reinvesting dividend income, by investing in ETFs. Under normal market conditions, F/m Investments LLC (the “Adviser”) seeks to achieve the fund’s objective by investing at least 80% of the fund’s net assets (plus any borrowings for investment purposes) in underlying funds that primarily invest in U.S. dollar denominated investment-grade bonds.
CPAG seeks to mirror the performance of the U.S. investment-grade aggregate bond market by investing in underlying ETFs. Specifically, the fund invests at least 80% of its net assets in underlying funds that primarily invest in U.S. dollar-denominated investment-grade bonds. Its primary holding is the iShares Core US Aggregate Bond ETF (AGG), comprising 100.02% of its portfolio. This strategy provides investors with broad exposure to the U.S. investment-grade bond market through a single ETF. CPAG's approach is designed for investors seeking a simplified way to track the aggregate bond market without the complexities of direct bond investing or dividend reinvestment. The fund's objective is to provide a total return consistent with the aggregate bond market, making it suitable for investors looking for stability and diversification within their fixed-income allocation. Past performance does not guarantee future results.

Risk Metrics

CPAG's risk profile is largely dictated by its concentrated holding in the iShares Core US Aggregate Bond ETF (AGG), representing 100.02% of its portfolio. This concentration means that CPAG's performance is highly correlated with AGG's performance, and any fluctuations in AGG will directly impact CPAG. With a beta of 0.00 (3Y), CPAG exhibits very low volatility relative to the broader market, which is expected for a fund tracking the aggregate bond market. The expense ratio of 0.31% introduces a slight drag on performance, which is a factor investors may want to research. Given its focus on investment-grade bonds, CPAG is subject to credit risk, although this is mitigated by the diversification within AGG. Past performance does not guarantee future results.

Expense Ratio

0.31%

What does CPAG hold?

HoldingWeight
iShares Core US Aggregate Bond ETF (AGG)100.02%

How Is the Fund Allocated?

CountryWeight
United States100.0%

Dividend Yield

0.00%

Risk Metrics

  • Beta: 0.00

Questions & Answers

What is CPAG and what does it track?

The F/m Compoundr U.S. Aggregate Bond ETF (CPAG) is a fixed-income ETF managed by F/m Investments. Launched in August 2025, CPAG aims to replicate the total return of the U.S. investment-grade aggregate bond market.

It achieves this by investing primarily in other ETFs that focus on U.S. dollar-denominated investment-grade bonds.

What is the expense ratio for CPAG?

The expense ratio for the F/m Compoundr U.S. Aggregate Bond ETF (CPAG) is 0.31%. This means that for every $10,000 invested in the fund, $31 is deducted annually to cover operating expenses.

While there is no specific category average for 'compounder' ETFs, when compared to broadly diversified fixed income ETFs, the expense ratio is in line with similar ETFs.

What are the top holdings in CPAG?

As of 2026-03-15, the F/m Compoundr U.S. Aggregate Bond ETF (CPAG) has a concentrated portfolio. Its top holding is the iShares Core US Aggregate Bond ETF (AGG), which constitutes 100.02% of the fund's total assets.

This single holding provides CPAG with its exposure to the broader U.S. investment-grade bond market.

Is CPAG a good long-term investment?

Whether CPAG is a suitable long-term investment depends on an individual's investment goals and risk tolerance. CPAG aims to track the total return of the U.S.

investment-grade aggregate bond market, providing exposure to a diversified portfolio of bonds through its holding in AGG.

How does CPAG compare to similar ETFs?

CPAG differentiates itself through its investment strategy, focusing on total return without dividend reinvestment by investing in underlying ETFs. Its primary holding is the iShares Core US Aggregate Bond ETF (AGG).

In comparison to other broad market bond ETFs, CPAG's expense ratio of 0.31% is competitive. However, its AUM of $0.01 billion is relatively small.

Does CPAG pay dividends?

As of 2026-03-15, the F/m Compoundr U.S. Aggregate Bond ETF (CPAG) has a dividend yield of 0.00%. This is because the fund is designed to offer exposure consistent with the total return of U.S.

investment-grade aggregate bonds, without receiving and reinvesting dividend income. Investors seeking current income from their fixed-income investments may want to consider other ETFs with a higher dividend yield. Past performance does not guarantee future results.