First Trust US Equity Opportunities ETFFirst Trust US Equity Opportunities ETFFirst Trust US Equity Opportunities ETF

First Trust US Equity Opportunities ETF

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Key stats


Assets under management (AUM)
‪800.56 M‬USD
Fund flows (1Y)
‪−137.88 M‬USD
Dividend yield (indicated)
0.02%
Discount/Premium to NAV
−0.06%

About First Trust US Equity Opportunities ETF


Issuer
AJM Ventures LLC
Brand
First Trust
Expense ratio
0.59%
Inception date
Apr 12, 2006
Index tracked
IPOX-100 U.S. Index
Management style
Passive
FPX holds positions in the 100 largest, and typically most liquid, US firms with recent IPOs. Eligible stocks are purchased after the close on the 6th trading day and sold on the 1000th, for a holding period of roughly 4 years. The fund applies further quantitative screens in addition to the usual de minimis size and liquidity requirements, but these are fairly relaxed. It is also market cap-weighted with a capping scheme of 10% for each individual security. See sibling funds FPXE and FPXI for Europe and broad international exposure, respectively, using the same methodology. Prior to December 14, 2016, the fund traded with the name First Trust US IPO Index ETF, however its name change bore no impact to FPXs investment strategy. One caveat worth noting: In the case of an index constituent merging with or being acquired by a mature company, the resulting entity will remain included in the index.

Classification


Asset Class
Equity
Category
Size and style
Focus
Total market
Niche
Broad-based
Strategy
Time since launch
Weighting scheme
Market cap
Selection criteria
Time since listing

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 20, 2024
Exposure type
StocksBonds, Cash & Other
Technology Services
Finance
Producer Manufacturing
Health Technology
Stocks99.87%
Technology Services36.01%
Finance13.02%
Producer Manufacturing12.69%
Health Technology10.16%
Transportation4.90%
Electronic Technology4.86%
Utilities4.32%
Consumer Services3.87%
Consumer Non-Durables3.40%
Industrial Services2.48%
Health Services1.50%
Non-Energy Minerals0.86%
Energy Minerals0.47%
Commercial Services0.45%
Process Industries0.35%
Communications0.32%
Retail Trade0.14%
Consumer Durables0.08%
Bonds, Cash & Other0.13%
Cash0.13%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows