FPX

First Trust U.S. Equity Opportunities ETF
--

67
*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. 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 MSCI ESG Analytics Insight

First Trust U.S. Equity Opportunities ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.30 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

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. First Trust U.S. Equity Opportunities ETF ranks in the 25th percentile within its peer group and in the 10th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

FPX MSCI FaCS and Factor Box

MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.

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 09/18/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FPX 0.85% 1.37% 26.90% 6.02% 14.39% 10.44% 16.37%
FPX (NAV) 0.36% 0.32% 26.19% 4.92% 14.17% 10.25% 16.26%
IPOX-100 U.S. Index -- -- -- -- -- -- 16.26%
MSCI USA IMI 4.17% 3.26% 21.58% 4.38% 13.87% 10.25% 13.17%
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
0.59%
$1.28B
$5.59M
0.05%

FPX Portfolio Data

$46.12B
40.40
3.93
0.41%
09/25/19
101

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
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

FPX Factset Analytics Block Liquidity

As of 09/19/19
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

71,099
$5.59M
60,965
$4.87M
0.05%
$0.04
0.01%
0.27% / -0.16%
None
98.00%
50,000
1.22
0.01%
0.05%
0
$78.16
5

FPX Sector/Industry Breakdown


FPX
Segment Benchmark
35.55%
26.09%
18.12%
13.44%
10.09%
6.72%
9.15%
13.46%
8.12%
10.53%
7.92%
17.07%
5.23%
1.92%
3.45%
3.21%
1.22%
4.58%
1.15%
2.93%

FPX Countries


FPX
Segment Benchmark
94.38%
99.92%
2.40%
--
1.87%
--
1.36%
--
--
0.08%

FPX Regions


FPX
Segment Benchmark
94.38%
100.00%
3.23%
--
2.40%
--

FPX Economic Development


FPX
Segment Benchmark
100.00%
100.00%

FPX Performance Statistics

0.89
1.08
1.12
1.07
0.46%
MSCI USA IMI

FPX MSCI ESG Ratings

BBB
4.30 / 10
10.01
25.01
1.36%
3.64%
117.47

FPX Benchmark Comparison Holdings

101
2426
86
4.95%

FPX Benchmark Comparison Summary


FPX
Segment Benchmark
101
2426
$46.12B
$205.15B
40.40
24.01
3.93
3.16
0.96%
1.84%
Medium
Low

FPX Benchmark Comparison Market Cap Size


FPX
Segment Benchmark
72.65%
82.24%
23.19%
13.33%
4.16%
4.00%
0.00%
0.39%