FPX

First Trust U.S. Equity Opportunities ETF
*Unless otherwise stated, data provided by FactSet.

FPX Fund Description

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.

PERFORMANCE [as of 08/03/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FPX 9.78% -5.23% -25.33% -28.00% 5.69% 9.22% 13.56%
FPX (NAV) 9.73% -5.20% -25.32% -28.03% 5.68% 9.22% 13.55%
IPOX-100 U.S. Index -- -- -- -- -- -- --
MSCI USA IMI 9.11% -0.21% -13.00% -7.06% 13.72% 12.52% 13.57%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FPX Summary Data

First Trust
04/12/06
Open-Ended Fund
0.57%
$1.09B
$4.14M
0.07%

FPX Portfolio Data

$34.33B
48.57
3.56
0.33%
N/A
99

FPX Index Data

IPOX-100 U.S. Index
Market Cap
Time Since Listing
MSCI USA IMI

FPX Portfolio Management

0.57%
--
--
--

FPX Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

FPX Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

FPX Factset Analytics Block Liquidity

As of 08/04/22
5
4
3
2
1

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

48,147
$4.14M
41,882
$3.53M
0.07%
$0.06
-0.01%
0.09% / -2.04%
None
78.00%
50,000
0.84
0.01%
0.07%
6
$91.26
5

FPX Sector/Industry Breakdown


FPX
Segment Benchmark
21.88%
--
13.24%
--
11.42%
--
8.54%
--
8.22%
--
5.11%
--
4.75%
--
4.58%
--
4.37%
--
4.32%
--

FPX Countries


FPX
Segment Benchmark
98.19%
99.92%
1.53%
--
0.28%
--
--
0.08%

FPX Regions


FPX
Segment Benchmark
98.19%
100.00%
1.53%
--
0.28%
--

FPX Economic Development


FPX
Segment Benchmark
99.72%
100.00%
0.28%
--

FPX Performance Statistics

0.82
1.34
1.32
1.26
1.06%
MSCI USA IMI

FPX Benchmark Comparison Holdings

99
2604
92
3.17%

FPX Benchmark Comparison Summary


FPX
Segment Benchmark
99
2604
$34.33B
$436.77B
48.57
18.51
3.56
3.13
0.74%
1.45%
Medium
Low

FPX Benchmark Comparison Market Cap Size


FPX
Segment Benchmark
77.34%
87.05%
20.71%
9.92%
1.94%
2.78%
0.00%
0.25%