The First Trust US Equity Opportunities ETF (FPX) is a fund that seeks to provide investment results that correspond to the price and yield of the IPOX-100 U.S. Index12. It primarily invests in the common stocks of the companies that comprise this index, which are typically large, liquid initial public offerings (IPOs) of U.S. companies2. Here are some key points about FPX:
- Investment Objective: The ETF's investment objective is to track the performance of the IPOX-100 U.S. Index, which is a modified value-weighted price index1.
- Stock Selection: The fund focuses on companies that have recently undergone an IPO and may not have been properly valued at the time of launch, potentially making them candidates for outperformance3.
- Expense Ratio: FPX has an expense ratio of 0.59%, which is relatively low, indicating cost efficiency compared to peers2.
- Sector Weightings: The ETF's portfolio is heavily weighted towards technology, healthcare, and financial services sectors, reflecting the composition of the IPOX-100 index2.
- Performance: FPX has experienced a year-to-date return of 3.75% and a 1-year return of 16.78% as of the latest data2.
In summary, FPX is a U.S. equity ETF that targets a specific segment of the market—recent IPOs—with an emphasis on growth opportunities.
8/22/2024 01:13am
