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 July 31, 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, IPO M&A electric car manufacturer Tesla 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).