First Trust US Equity Opportunities ETF
FPX
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- May 24, 2006
- CIK
- 0001329377
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust US Equity Opportunities ETF (FPX) is an exchange-traded fund that seeks investment results corresponding generally to the price and yield, before the fund's fees and expenses, of the IPOX-100 U.S. Index. The fund, managed by First Trust Advisors L.P., normally invests at least 90% of its net assets, including investment borrowings, in the common stocks and depositary receipts that comprise the index; the index measures the performance of the equity securities of the 100 typically largest and most liquid initial public offerings, including spin-offs and equity carve-outs, of U.S. companies listed on a U.S. exchange within the previous 1,000 trading days. It employs a full replication technique to track the modified value-weighted, market cap-capped index, which ranks companies quarterly by float-adjusted market capitalization with a 10% cap per constituent; top holdings as of November 2025 include GE Vernova Inc. (9.51%), AppLovin Corp. (7.91%), Palantir Technologies Inc. (5.44%), Constellation Energy Corp. (4.69%) and International Business Machines Corp. (4.44%), spanning sectors such as industrials, information technology, utilities and communication services. The fund, which is non-diversified and domiciled in the United States, trades on the NYSE Arca exchange and targets investors seeking exposure to recent U.S. IPO activity across diversified market capitalizations, primarily large- and mid-cap growth and value stocks; it is available for sale in the United States and Mexico, with total net assets of approximately $1.03 billion and a net expense ratio of 0.61%. Launched on April 12, 2006, and headquartered with its investment advisor in Wheaton, Illinois, FPX previously operated under the name First Trust US IPO Index ETF until a name change on or about December 14, 2016, which had no impact on its investment objective, strategy or benchmark. Recent developments include ongoing portfolio rebalancing to reflect quarterly index reconstitutions, routine board and audit committee appointments such as those announced in March 2024 and May 2025, and sustained asset growth, with the fund surpassing $1 billion in AUM by early 2018 amid strong performance relative to benchmarks like the S&P 500 and Russell 3000.