Key stats
About First Trust US Equity Opportunities ETF
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Inception date
Apr 12, 2006
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
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Producer Manufacturing
Finance
Stocks99.99%
Technology Services40.05%
Producer Manufacturing13.46%
Finance12.08%
Utilities6.39%
Transportation5.68%
Electronic Technology4.76%
Consumer Services3.39%
Health Technology3.13%
Health Services2.73%
Consumer Non-Durables2.38%
Industrial Services2.22%
Communications1.40%
Energy Minerals0.99%
Consumer Durables0.60%
Commercial Services0.36%
Distribution Services0.36%
Bonds, Cash & Other0.01%
Cash0.01%
Stock breakdown by region
North America98.07%
Europe1.93%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FPX invests in stocks. The fund's major sectors are Technology Services, with 40.05% stocks, and Producer Manufacturing, with 13.46% of the basket. The assets are mostly located in the North America region.
FPX top holdings are GE Vernova Inc. and Palantir Technologies Inc. Class A, occupying 9.21% and 6.84% of the portfolio correspondingly.
FPX last dividends amounted to 0.09 USD. The quarter before, the issuer paid 0.01 USD in dividends, which shows a 92.06% increase.
FPX assets under management is 947.29 M USD. It's risen 5.52% over the last month.
FPX fund flows account for −35.44 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FPX pays dividends to its holders with the dividend yield of 0.14%. The last dividend (Jun 30, 2025) amounted to 0.09 USD. The dividends are paid quarterly.
FPX shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Apr 12, 2006, and its management style is Passive.
FPX expense ratio is 0.61% meaning you'd have to pay 0.61% of your investment to help manage the fund.
FPX follows the IPOX-100 U.S. Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FPX invests in stocks.
FPX price has risen by 7.64% over the last month, and its yearly performance shows a 42.05% increase. See more dynamics on FPX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 7.29% over the last month, showed a 29.63% increase in three-month performance and has increased by 45.98% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 7.29% over the last month, showed a 29.63% increase in three-month performance and has increased by 45.98% in a year.
FPX trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.