IPOX® 100 U.S. Index (IPXO)
The IPOX® 100 U.S. Index is an applied market cap-weighted index portfolio measuring the performance of the top 100 U.S. companies ranked quarterly by market cap in the IPOX® U.S. Composite Index – a sub-index of the IPOX® Global Composite Index – subject to defined liquidity and exposure criteria. The IPOX® 100 U.S. Index has historically captured ca. 85% of total market cap created through U.S. New Listings activity over the past four years, respectively.
As of March 29, 2019, portfolio holdings include a broad mix of companies representing recent U.S. Equity Capital Markets (ECM) trends ranging from payment processor PayPal (PYPL US), online dating leader Match Group (MTCH US) to database platform developer MongoDB (MDB US) and fitness center operator Planet Fitness (PLNT US).
The IPOX® 100 U.S. Index serves as the underlying benchmark for a number of Financial Products, including the 5-star (10 years) First Trust U.S. Equity Opportunities ETF (FPX US).