First Trust IPOX Europe Equity Opportunities ETF

Frequently Asked Questions About FPXE

What does FPXE invest in?

The First Trust IPOX Europe Equity Opportunities ETF (the "Fund") has the objective of largely reflecting the overall returns, encompassing both price movements and dividend payouts, of the IPOX 100 Europe Index (the "Index"), prior to the deduction of its expenses. Normally, at least 90% of the Fund's net assets, including any leveraged investments, are committed into the equity securities and/or depositary receipts comprising the Index. Through an indexing strategy, the Fund strives to copy the Index's performance before accounting for fees and expenses. Its investment advisor targets a correlation of 0.95 or higher between its own performance and that of the Index, before expenses; a value of 1.00 would indicate a perfect match. IPOX Schuster LLC, identified as the Index Provider, is the proprietor, developer, administrator, and sponsor of this Index.

What is the expense ratio of FPXE?

First Trust IPOX Europe Equity Opportunities ETF (FPXE) charges an expense ratio of 0.70%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FPXE?

First Trust IPOX Europe Equity Opportunities ETF (FPXE) manages $5.0M 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 FPXE actively managed or an index fund?

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

When was FPXE launched?

First Trust IPOX Europe Equity Opportunities ETF (FPXE) launched in October 2018 and is managed by First Trust.

How has FPXE performed?

FPXE'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.