First Trust IPOX® Europe Equity Opportunities ETF (FPXE)
  • 2021 Estimated Capital Gain Distributions
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Investment Objective/Strategy - The First Trust IPOX® Europe Equity Opportunities ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the IPOX® 100 Europe Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and/or depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned, developed, maintained and sponsored by IPOX® Schuster LLC (the "Index Provider").
There can be no assurance that the Fund's investment objectives will be achieved.
  • The IPOX® 100 Europe Index is a market cap weighted index that measures the performance of recent European initial public offerings (IPOs) from the IPOX® Global Composite Index.
  • The IPOX® Global Composite Index is designed to provide a broad and objective view of global aftermarket performance of recent IPOs and spin-offs in both emerging and developed countries during their first 1000 trading days. After applying initial screens, all eligible constituents generally must have at least six full days of trading in order to enter the index on each rebalance.
  • All constituents of the IPOX® Global Composite Index are ranked by market capitalization and the 100 largest and typically most liquid companies that are economically tied to Europe are selected for the IPOX® 100 Europe Index. Constituent weights are capped at 10%. Securities with a weight of greater than 4% are capped at a cumulative weight of 40%.
  • The index is reconstituted and rebalanced quarterly.
Fund Overview
TickerFPXE
Fund TypeEuropean Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33734X788
ISINUS33734X7883
Intraday NAVFPXEIV
Fiscal Year-End09/30
ExchangeNasdaq
Inception10/4/2018
Inception Price$19.70
Inception NAV$19.70
Rebalance FrequencyQuarterly
Expense Ratio0.70%
Current Fund Data (as of 11/26/2021)
Closing NAV1$31.23
Closing Market Price2$31.16
Bid/Ask Midpoint$31.16
Bid/Ask Discount0.24%
30-Day Median Bid/Ask Spread30.15%
Total Net Assets$10,930,558
Outstanding Shares350,002
Daily Volume1,820
Average 30-Day Daily Volume3,019
Closing Market Price 52-Week High/Low$33.58 / $26.31
Closing NAV 52-Week High/Low$33.55 / $26.24
Number of Holdings (excluding cash)101
Top Holdings (as of 11/26/2021)*
Holding Percent
Siemens Healthineers AG 8.28%
Adyen NV 7.58%
BioNTech SE (ADR) 4.36%
Dassault Systemes S.A. 3.62%
Prosus NV 3.54%
EQT AB 2.95%
NXP Semiconductors N.V. 2.82%
Universal Music Group Inc. 2.48%
DSV Panalpina A/S 2.38%
Natwest Group PLC 2.34%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 10/31/2021)4

Among 92 funds in the Europe Stock category. This fund was rated 5 stars/92 funds (3 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 11/27/2021)5$0.1011
30-Day SEC Yield (as of 10/29/2021)60.37%
12-Month Distribution Rate (as of 10/29/2021)71.04%
Index Yield (as of 10/29/2021)81.03%
Fund Characteristics (as of 10/29/2021)10
Maximum Market Cap.$279,166
Median Market Cap.$5,627
Minimum Market Cap.$486
Price/Earnings31.22
Price/Book4.24
Price/Cash Flow23.05
Price/Sales3.02
Top Country Exposure (as of 11/26/2021)
Country Percent
The Netherlands 19.79%
Germany 18.76%
Sweden 16.03%
United Kingdom 14.61%
France 8.16%
Denmark 4.46%
Israel 4.37%
Italy 3.80%
Switzerland 3.62%
Belgium 1.76%
Bid/Ask Premium/Discount (as of 11/26/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 220 50 19 54
Days Traded at Discount 33 11 44 10
Top Sector Exposure (as of 11/26/2021)
Information Technology 22.50%
Health Care 18.75%
Industrials 15.62%
Consumer Discretionary 14.36%
Financials 10.76%
Communication Services 7.00%
Consumer Staples 5.73%
Utilities 2.21%
Real Estate 1.54%
Materials 1.38%
Energy 0.15%
Hypothetical Growth of $10,000 Since Inception (as of 11/24/2021) *
Tracking Index: IPOX® 100 Europe Index

Month End Performance (as of 10/29/2021)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund
Inception11
Fund Performance *
Net Asset Value (NAV) 0.63% 11.34% 35.34% 23.10% N/A N/A 18.86%
After Tax Held 0.63% 11.19% 34.71% 22.43% N/A N/A 18.23%
After Tax Sold 0.37% 6.71% 20.88% 18.02% N/A N/A 14.58%
Market Price 0.66% 11.51% 34.91% 23.25% N/A N/A 18.93%
Index Performance **
IPOX® 100 Europe Index 0.97% 12.25% 36.88% 24.62% N/A N/A 20.28%
MSCI Europe Index 1.01% 15.03% 40.93% 12.34% N/A N/A 9.76%
Quarter End Performance (as of 9/30/2021)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund
Inception11
Fund Performance *
Net Asset Value (NAV) 1.83% 5.70% 24.19% N/A N/A N/A 17.39%
After Tax Held 1.83% 5.55% 23.62% N/A N/A N/A 16.74%
After Tax Sold 1.09% 3.37% 14.31% N/A N/A N/A 13.37%
Market Price 1.66% 5.73% 23.63% N/A N/A N/A 17.41%
Index Performance **
IPOX® 100 Europe Index 2.33% 6.68% 25.58% N/A N/A N/A 18.87%
MSCI Europe Index -1.55% 10.07% 27.25% N/A N/A N/A 8.44%
3-Year Statistics (as of 10/29/2021)
  Standard Deviation Alpha Beta Sharpe Ratio Correlation
FPXE 17.83% 11.35 0.82 1.19 0.86
MSCI Europe Index 18.82% --- 1.00 0.65 1.00
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.

*Performance data quoted represents past performance. Past performance is not a guarantee of future results and current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than their original cost.

After Tax Held returns represent return after taxes on distributions. Assumes shares have not been sold. After Tax Sold returns represent the return after taxes on distributions and the sale of fund shares. Returns do not represent the returns you would receive if you traded shares at other times. Market Price returns are determined by using the midpoint of the national best bid offer price ("NBBO") as of the time that the fund's NAV is calculated. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

**Performance information for the IPOX® 100 Europe Index is for illustrative purposes only and does not represent actual fund performance.
Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.

MSCI Europe Index - The Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of 16 developed markets in Europe.

Footnotes
1 The NAV represents the fund's net assets (assets less liabilities) divided by the fund's outstanding shares .
2 Fund shares are purchased and sold on an exchange at their market price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).
3 The median bid-ask spread is calculated by identifying the national best bid and national best offer ("NBBO") for the fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.
4
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
5 Most recent distribution paid or declared to today's date. Subject to change in the future. There is no guarantee that the fund will declare dividends.
6 The 30-day SEC yield is calculated by dividing the net investment income per share earned during the most recent 30-day period by the maximum offering price per share on the last day of the period and includes the effects of fee waivers and expense reimbursements, if applicable.
7 12-Month Distribution Rate is calculated by dividing the sum of the fund's trailing 12-month ordinary distributions paid or declared by the NAV price. Distribution rates may vary.
8 Index yield represents the weighted average trailing 12-month dividend of the constituents of the IPOX® 100 Europe Index.
9 Distribution Rate is calculated by dividing the fund's most recent ordinary distribution paid or declared, on an annualized basis, by the NAV price. Distribution rates may vary.
10 All market capitalization numbers are in USD$ Millions.
11 Inception Date is 10/4/2018

You should consider the fund's investment objectives, risks, and charges and expenses carefully before investing. You can download a prospectus or summary prospectus, or contact First Trust Portfolios L.P. at 1-800-621-1675 to request a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.

Risk Considerations

A fund's return may not match the return of its underlying index. A fund invests in securities included in the index regardless of investment merit and the securities held by a fund will generally not be bought or sold in response to market fluctuations.

Investors buying or selling fund shares on the secondary market may incur customary brokerage commissions. Market prices may differ to some degree from the net asset value of the shares. Investors who sell fund shares may receive less than the share's net asset value. Shares may be sold throughout the day on the exchange through any brokerage account. However, unlike mutual funds, shares may only be redeemed directly from a fund by authorized participants in very large creation/redemption units. If a fund's authorized participants are unable to proceed with creation/redemption orders and no other authorized participant is able to step forward to create or redeem, fund shares may trade at a discount to a fund's net asset value and possibly face delisting.

A fund's shares will change in value, and you could lose money by investing in a fund. One of the principal risks of investing in a fund is market risk. Market risk is the risk that a particular stock owned by a fund, fund shares or stocks in general may fall in value. There can be no assurance that a fund's investment objective will be achieved. The outbreak of the respiratory disease designated as COVID-19 in December 2019 has caused significant volatility and declines in global financial markets, which have caused losses for investors. While the development of vaccines has slowed the spread of the virus and allowed for the resumption of "reasonably" normal business activity in the United States, many countries continue to impose lockdown measures in an attempt to slow the spread. Additionally, there is no guarantee that vaccines will be effective against emerging variants of the disease.

Changes in currency exchange rates and the relative value of non-US currencies may affect the value of a fund's investments and the value of a fund's shares.

As the use of Internet technology has become more prevalent in the course of business, funds have become more susceptible to potential operational risks through breaches in cyber security.

Depositary receipts may be less liquid than the underlying shares in their primary trading market.

A fund may be subject to greater risks of adverse events which occur in the European region and may experience greater volatility than a fund that is more broadly diversified geographically. A significant number of countries in Europe are member states in the European Union, and the member states no longer control their own monetary policies. In these member states, the authority to direct monetary policies, including money supply and official interest rates for the Euro, is exercised by the European Central Bank. The implications of the United Kingdom's withdrawal from the European Union are difficult to gauge and cannot be fully known.

A fund may be a constituent of one or more indices which could greatly affect a fund's trading activity, size and volatility.

There is no assurance that the index provider or its agents will compile or maintain the index accurately.

The stocks of companies that have recently conducted an initial public offering are often subject to price volatility and speculative trading. These stocks may have exhibited above average price appreciation in connection with the initial public offering prior to inclusion in a fund. The price of stocks included in a fund may not continue to appreciate and their performance may not replicate the performance exhibited in the past.

A fund classified as "non-diversified" may invest a relatively high percentage of its assets in a limited number of issuers. As a result, a fund may be more susceptible to a single adverse economic or regulatory occurrence affecting one or more of these issuers, experience increased volatility and be highly concentrated in certain issuers.

Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers.

A fund and a fund's advisor may seek to reduce various operational risks through controls and procedures, but it is not possible to completely protect against such risks.

High portfolio turnover may result in higher levels of transaction costs and may generate greater tax liabilities for shareholders.

Certain fund investments may be subject to restrictions on their resale and a fund may be unable to sell a restricted security on short notice or only sell them at a price below current value.

A fund with significant exposure to a single asset class, country, region, industry, or sector may be more affected by an adverse economic or political development than a broadly diversified fund.

Securities of small- and mid-capitalization companies may experience greater price volatility and be less liquid than larger, more established companies.

Trading on the exchange may be halted due to market conditions or other reasons. There can be no assurance that the requirements to maintain the listing of a fund on the exchange will continue to be met or be unchanged.

First Trust Advisors L.P. is the adviser to the fund. First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the fund’s distributor.

IPOX® and IPOX® 100 Europe Index are registered international trademarks and service marks of IPOX® Schuster LLC (“IPOX”) and have been licensed for use by First Trust. The Fund is not sponsored, endorsed, sold or promoted by IPOX, and IPOX makes no representation regarding the advisability of trading in such Fund.

©2021 Morningstar, Inc. All Rights Reserved. The Morningstar RatingTM information contained herein: (1) is proprietary to Morningstar;(2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value