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: 0.57% (as of May 1, 2026)

  • 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

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

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