Key stats
About FIRST TRUST INTERNATIONAL EQUITY OPPORTUNITIES ETF
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Inception date
Nov 4, 2014
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FPXI holds positions in the 50 largest international firms with recent IPOs, weighted by market cap. 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: a minimum market cap of $50M at the close of the first trading day, publicly traded float of at least 15%, and no abnormal underpricing defined as a first-day price increase more than 3 sigma above the mean. A 10% issuer cap is also in place. The index is reconstituted and rebalanced quarterly. This process results in an eclectic basket that can change significantly when new firms enter and older ones age out. Overall, its a good option for investors looking to access relatively fresh stock issues. See sibling funds FPX and FPXE for US and Europe exposure, respectively, using the same methodology.
Classification
What's in the fund
Exposure type
Technology Services
Finance
Electronic Technology
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.