FPXFirst Trust U.S. Equity Opportunities ETF
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.
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 Sector/Industry Breakdown
FPX Top 10 Holdings[View All]
FPX Economic Development
FPX Performance Statistics
FPX Benchmark Comparison Summary
FPX Benchmark Comparison Market Cap Size