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 December 31, 2019, portfolio holdings include a broad mix of companies representing recent U.S. Equity Capital Markets (ECM) trends such as rideshare services providers Uber Technologies and Lyft, identity management software company Okta and IPO M&A electric car manufacturer Tesla.
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).