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 September 30, 2020, portfolio holdings include a broad mix of companies representing recent U.S. Equity Capital Markets (ECM) trends such as video conferencing services provider Zoom Video Communications, rideshare services provider Uber Technologies, and Masco Corporation’s insulation products installer and distributor spin-off TopBuild.
The IPOX® 100 U.S. Index serves as the underlying benchmark for a number of Financial Products, including the First Trust U.S. Equity Opportunities ETF (FPX US).