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CPAG

GradeBNASDAQ Global Market

F/m Compoundr U.S. Aggregate Bond ETF

Core US Bond · F/m · Inception 2025-08-12

$99.67−0.92 (−0.91%)

As of Sep 23, 2026, 1:46 PM EDT

History starts Aug 12, 2025.
Intraday session: down, 18 prints from 100.58 to 99.67. Range 99.56 to 100.36. Use the arrow keys to read each point.$99.80$100.00$100.20$100.4010 AM12 PM2 PM4 PM
Expense ratio
0.31%
Fund size
$149M
1Y return
−0.8%
Yield · Last 12 months
—
Holdings
2
Volume · 30D
0M sh
NAV per share
$100.55
52W range
low $100.12high $103.94

The ETF.net CPAG Grade

B

59/ 100

Rank 61 of 118 in US Aggregate Bond⁠

Confidence High

Six-pillar profile for CPAG. Scores out of 100: Cost 53, Risk 40, Mission 100, Tradability 55, Holdings 19, Durability 40. Strongest: Mission (100). Weakest: Holdings (19). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 59 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 53
    Category rank54/118 · top 46%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank16/100 · top 16%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 40
    Category rank87/117 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 55
    Category rank49/118 · top 42%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 19
    Category rank116/117 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 40
    Category rank85/118 · mid-pack

Graded as of Sep 22, 2026

Our read on CPAG

ETF.net Research

BA core U.S. bond fund built to compound rather than pay out. It tracks the Nasdaq Compoundr U.S. Aggregate Bond Index, and income stays inside the fund instead of landing in your account as cash.

Stated mandate

The fund seeks investment results corresponding to the Nasdaq Compoundr U.S. Aggregate Bond Index. It generally uses replication and may use representative sampling when full replication is not practicable.

Why people hold it

  1. 01Income compounds inside the fund instead of arriving as cash, so there is nothing to reinvest by hand.
  2. 02At 0.31% a year, it undercuts the typical fund in the core bond crowd.
  3. 03Simple machinery: replicate the index, and sample only when full replication is not practical. No side bets bolted onto the mandate.

Worth knowing

  1. 01The 0.03% giants (BND, SPAB, SCHZ) are right there. The compounding wrapper is what the extra fee buys.
  2. 02Launched in 2025, still small and thinly traded, so the record is short and spreads can run wider than the mega-Aggs. Limit orders earn their keep.
  3. 03Nothing shows up in your account to spend. That is a different rhythm from a core bond fund that pays monthly.

CPAG Holdings

As of Sep 20, 2026, 4:12 AM
Asset class
Bonds
Holdings
2
Top-10 weight
100%
Largest holding
AGG100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AGGiShares Core U.S. Aggregate Bond ETF100.02%0$148M13

Showing 1–1 of 1 holdings

CPAG Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

CPAG$9,917
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. CPAG $9,917. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CPAG. Periods over one year show the average yearly return.
PeriodCPAG
Year to date−1.6%
1 month−0.9%
3 months−1.7%
1 year−0.8%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CPAG
YearReturn barCPAG
2026 YTD−1.6%
2025+2.2%

Since listing, Aug 12, 2025

CPAG in the news

ETF.net Research hasn’t filed on CPAG yet — coverage lands here as it’s written.

CPAG Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

CPAG Risk

How much the fund’s monthly returns vary, scaled to a year.
3.1%
Annualised · 12 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.86
vs 3-month T-bills · 12 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−3.6%
13 months · trough Sep 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.08
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

CPAG Cost

Expense ratio0.31%
  • The middle half of US Aggregate Bond funds
  • Median 0.34%

50 of the 112 US Aggregate Bond funds charge less.

CPAG costs $31.00 a year on $10,000. The median US Aggregate Bond fund costs $34.00.