IPOX® 100 U.S. Index ETF (FPX)

First Trust US Equity Opportunities ETF

The First Trust US Equity Opportunities ETF (FPX) is an exchange-traded fund designed to track the performance of the IPOX® 100 U.S. Index, providing exposure to the top 100 U.S. companies ranked by market capitalization in the IPOX® Global Composite Index. The ETF has recently been featured in an in-depth analysis on Seeking Alpha (Read more…).

Key Facts:

  • Ticker: FPX (NYSE Arca)

  • European Ticker: FPX LN (London Stock Exchange, UCITS format in GBP)

  • Inception Date: April 12, 2006

  • Expense Ratio: 0.59% (as of May 1, 2024)

  • Rebalance Frequency: Quarterly

Index Methodology:

The IPOX® 100 U.S. Index is a modified value-weighted price index that:

  • Measures the performance of the top 100 U.S. companies in the IPOX® Global Composite Index

  • Ranks companies quarterly by market capitalization

  • Employs a 10% capping on all constituents

  • Includes the 100 largest, typically best-performing and most liquid U.S. initial public offerings (IPOs)

  • Offers systematic exposure to U.S. equity capital and private equity activity

  • Serves as a proxy for the growth and innovativeness of the U.S. economy

Portfolio Composition:

As of August 1, 2024, the fund held 100 positions. Top sectors included:

  1. Industrials (25.49%)

  2. Information Technology (20.07%)

  3. Health Care (18.01%)

  4. Consumer Discretionary (13.26%)

  5. Financials (11.55%)

The fund's shares trade on the NYSE Arca exchange during regular trading hours. European investors can access the fund in UCITS format on the London Stock Exchange under the ticker FPX LN, denominated in British Pounds (GBP).

For the most current information and to obtain a prospectus, please visit the First Trust website.