IPOX® 100 U.S. Index (IPXO)

The IPOX® 100 U.S. Index (Ticker: IPXO) is a leading benchmark for investors seeking exposure to the top 100 largest and most liquid U.S. companies that have recently gone public, including IPOs and spin-offs, as well as select acquirers of recent IPOs (“IPO M&As”).

Key features of the IPOX® 100 U.S. Index include:

  • Captures approximately 85% of the total market cap created via U.S. IPO and spin-off activity over the past 4 years, providing comprehensive exposure to the U.S. new listings market

  • Utilizes IPOX®'s proven and proprietary index technology to select the 100 largest and most liquid recent IPOs and spin-offs from the IPOX® U.S. Composite Index

  • Employs a market-cap weighting scheme with a 10% cap on all constituents to ensure diversification

  • Rebalances on a quarterly basis to maintain exposure to the largest new listings

  • Serves as the underlying index for investable products including the First Trust U.S. Equity Opportunities ETF (Ticker: FPX)

As of March 2024, the index includes innovative market leaders across a range of sectors that have shaped the U.S. new listings market in recent years, such as:

  • Carrier Global (Ticker: CARR) - a major global provider of HVAC, refrigeration, and fire & security technologies that spun off from United Technologies in 2020

  • DoorDash (Ticker: DASH) - online marketplace and last mile delivery service, the largest food delivery platform in the United States.

  • Samsara Inc (Ticker: IOT) - provides comprehensive Internet of Things (IoT) solutions that combine hardware, software and cloud capabilities

Other significant holdings span areas like enterprise software, electric vehicles, biotechnology, and more - reflecting the breadth of U.S. companies choosing to go public.

For investors who want to take part in the "New Generation" of public companies driving the future economy, the IPOX® 100 U.S. Index provides a unique, one-stop solution. Through its rules-based methodology and quarterly rebalancing, the index aims to capture the performance of these innovative growth companies in a systematic fashion.