F/m Compoundr U.S. Aggregate Bond ETF
CPAG
NASDAQ Global Market- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 3050 K Street NW, Suite 201 Washington DC United States of America 20007
- IPO Date
- Aug 12, 2025
- Website
- fminvest.com
- Similar Companies
- Business
- F/m Compoundr U.S. Aggregate Bond ETF (CPAG) is a passively managed exchange-traded fund that seeks investment results corresponding, before fees and expenses, to the price and yield performance of the Nasdaq Compoundr U.S. Aggregate Bond Index. The fund provides tax-efficient exposure to U.S. investment-grade aggregate bonds through a systematic dividend rotation strategy, holding primarily the iShares Core U.S. Aggregate Bond ETF (AGG) and Fidelity Total Bond ETF (FBND), with temporary rotations into equivalent substitute ETFs prior to ex-dividend dates to convert interest income into deferred capital gains; it may also employ up to one-third of assets in reverse repurchase agreements and engage in securities lending for additional income. CPAG emphasizes income deferral, enhanced compounding by retaining assets otherwise used for taxes, strategic tax flexibility for realizing gains or losses, reduced ordinary income exposure, and minimized U.S. withholding taxes for non-U.S. investors, while aiming to make no distributions and maintain 100% reinvestment. Launched on August 12, 2025, and listed on Nasdaq, CPAG forms part of the inaugural F/m Compoundr Series of ETFs introduced by F/m Investments, an independent $18 billion asset management firm founded in 2018 and headquartered in Washington, D.C., with additional offices in Boston, Chicago, Milwaukee, and St. Louis. The series, developed in partnership with Compoundr LLC, Nasdaq for indexing, and lead market makers Susquehanna International Group (for CPAG) and GTS Mischler, represents F/m Investments' expansion into innovative tax-optimized fixed-income strategies, building on its U.S. Benchmark Series that exceeded $7 billion in assets as of July 2025. F/m Investments manages CPAG with a team including Barry Julien, Kevin Conrath, and Marcin Zdunek, targeting financial advisors, pensions, endowments, and tax-sensitive investors seeking total-return performance in the intermediate core bond segment without dividend tax drag.