Key stats
About First Trust IPOX Europe Equity Opportunities ETF
Expense ratio
0.70%
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Inception date
Oct 4, 2018
FPXE holds positions in the 100 largest developed-market European 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. 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. The index is reconstituted and rebalanced quarterly.
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
Health Technology
Electronic Technology
Technology Services
Finance
Stocks99.72%
Health Technology15.85%
Electronic Technology14.70%
Technology Services13.46%
Finance10.99%
Consumer Durables9.47%
Commercial Services7.70%
Producer Manufacturing4.95%
Consumer Non-Durables3.61%
Consumer Services3.28%
Industrial Services2.89%
Non-Energy Minerals2.78%
Transportation2.57%
Utilities1.82%
Health Services1.57%
Distribution Services1.51%
Energy Minerals1.09%
Retail Trade1.08%
Communications0.40%
Bonds, Cash & Other0.28%
Cash0.28%
Stock breakdown by region
Europe68.19%
North America31.81%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history