First Trust US Equity Opportunities ETF

Frequently Asked Questions About FPX

What does FPX invest in?

The First Trust US Equity Opportunities ETF (previously known as the First Trust US IPO Index Fund) aims to deliver investment outcomes mirroring the price movements and income generation of the IPOX-100 U.S. Index, prior to the deduction of its own operational costs. Typically, the Fund allocates at least 90% of its net assets (which may include amounts obtained via borrowing) to the common shares that constitute this specific index.

What is the expense ratio of FPX?

First Trust US Equity Opportunities ETF (FPX) charges an expense ratio of 0.57%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FPX?

First Trust US Equity Opportunities ETF (FPX) manages $1.58B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FPX actively managed or an index fund?

FPX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FPX launched?

First Trust US Equity Opportunities ETF (FPX) launched in April 2006 and is managed by First Trust.

How has FPX performed?

FPX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.