FPX First Trust U.S. Equity Opportunities ETF
What is FPX?
FPX tracks a market-cap-weighted index of the 100 largest US IPOs over the first 1,000 trading days for each stock.
FPX Factset Analytics Insight
FPX holds positions in the 100 largest, and typically most liquid, US firms with recent IPOs. Eligible stocks are purchased after the close on the 6th trading day and sold on the 1000th, for a holding period of roughly 4 years. The fund applies further quantitative screens in addition to the usual de minimis size and liquidity requirements, but these are fairly relaxed. It is also market cap-weighted with a capping scheme of 10% for each individual security. See sibling funds FPXE and FPXI for Europe and broad international exposure, respectively, using the same methodology. Prior to December 14, 2016, the fund traded with the name First Trust US IPO Index ETF, however its name change bore no impact to FPX’s investment strategy. One caveat worth noting: In the case of an index constituent merging with or being acquired by a mature company, the resulting entity will remain included in the index.
FPX Summary Data
FPX Portfolio Data
FPX Index Data
FPX Portfolio Management
FPX Tax Exposures
FPX Fund Structure
FPX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FPX. FPX is rated a 5 out of 5.
FPX Tradability
FPX Sector/Industry Breakdown
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FPX Top 10 Holdings[View All]
FPX Countries
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FPX Regions
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FPX Economic Development
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FPX Performance Statistics
FPX Benchmark Comparison Summary
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FPX Benchmark Comparison Market Cap Size
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.