FPX

First Trust U.S. Equity Opportunities ETF
N/A

62
*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 US firms with recent IPOs, weighted by market cap. 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: a minimum market cap of $50M at the close of the first trading day, publicly traded float of at least 15%, and no abnormal underpricing—defined as a first-day price increase more than 3 sigma above the mean. This process results in an eclectic basket that can change significantly when new firms enter and older ones age out. Overall, it’s a good option for investors looking to access relatively fresh stock issues.See sibling funds FPXE and FPXI for Europe and broad international exposure, respectively, using the same methodology. FPX changed its name from First Trust US IPO Index ETF on 12/14/2016. There was no impact to FPX’s investment strategy.

FPX MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of December 9, 2018 the First Trust U.S. Equity Opportunities ETF MSCI ESG Fund Quality Score is 4.72 out of 10.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. FPX ranks in the 11st percentile within its peer group and in the 23th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

FPX CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 12/07/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FPX -7.25% -12.33% -4.44% -2.40% 8.73% 9.16% 18.83%
FPX (NAV) -7.28% -12.42% -4.41% -2.48% 8.70% 9.16% 18.26%
IPOX-100 U.S. Index -- -- -- -- -- -- 18.26%
MSCI USA IMI -6.28% -8.75% -0.28% 1.21% 10.31% 9.64% 14.33%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FPX Top 10 Countries

FPX Top 10 Sectors

FPX Top 10 Holdings [View All]

FPX Summary Data

First Trust
04/12/06
Open-Ended Fund
0.59%
$1.04B
$6.37M
0.07%

FPX Portfolio Data

$47.83B
17.16
2.95
0.78%
12/18/18
76

FPX Index Data

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

FPX Portfolio Management

0.59%
--
--
--

FPX Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

FPX Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

FPX Factset Analytics Block Liquidity

As of 12/10/18
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

93,747
$6.37M
73,050
$4.94M
0.07%
$0.04
0.02%
0.27% / -0.16%
None
98.00%
50,000
1.46
0.01%
0.04%
--
$64.82
5

FPX Sector/Industry Breakdown


FPX
Segment Benchmark
31.62%
24.16%
19.95%
13.75%
13.64%
7.17%
10.53%
13.14%
8.20%
10.15%
5.06%
1.92%
4.63%
16.85%
0.74%
2.25%

FPX TOP 10 HOLDINGS[View All]

2.64%
41.49%

FPX Countries


FPX
Segment Benchmark
91.87%
99.93%
5.24%
--
2.89%
--
--
0.07%

FPX Regions


FPX
Segment Benchmark
91.87%
100.00%
8.13%
--

FPX Economic Development


FPX
Segment Benchmark
100.00%
100.00%

FPX Performance Statistics

0.87
1.10
1.08
1.05
0.49%
MSCI USA IMI

FPX MSCI ESG Ratings

4.72 / 10
11.09
23.20
2.31%
8.50%
134.58

FPX BENCHMARK COMPARISON HOLDINGS

76
2378
61
3.96%

FPX BENCHMARK COMPARISON SUMMARY


FPX
Segment Benchmark
76
2378
$47.83B
$191.20B
17.16
22.97
2.95
3.12
1.19%
1.84%
Medium
Low

FPX BENCHMARK COMPARISON MARKET CAP SIZE


FPX
Segment Benchmark
66.14%
80.89%
29.88%
14.48%
3.98%
4.28%
0.00%
0.35%