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First Trust International Equity Opportunities ETF (FPXI)
Investment Objective/Strategy - The First Trust International Equity Opportunities ETF is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the IPOX International Index.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • The IPOX International Index is a rules based market-cap weighted index that measures the performance of the 50 largest and typically most liquid companies that are domiciled outside the U.S. within the IPOX Global Composite Index.
  • The IPOX Global Composite Index is constructed and managed 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 then ranked by market capitalization and the 50 largest international companies are selected for the IPOX International Index. Constituent weights are capped at 10%.
  • The index is reconstituted and rebalanced quarterly.
Fund Overview
Fund TypeGrowth
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End09/30
Inception Price$30.00
Inception NAV$30.00
Rebalance FrequencyQuarterly
Expense Ratio*0.70%
* As of 2/1/2024
Current Fund Data (as of 5/24/2024)
Closing NAV1$48.04
Closing Market Price2$47.87
Bid/Ask Midpoint$47.97
Bid/Ask Discount0.15%
30-Day Median Bid/Ask Spread30.46%
Total Net Assets$156,134,980
Outstanding Shares3,250,002
Daily Volume6,633
Average 30-Day Daily Volume8,831
Closing Market Price 52-Week High/Low$47.87 / $36.59
Closing NAV 52-Week High/Low$48.04 / $36.71
Number of Holdings (excluding cash)50
Top Holdings (as of 5/24/2024)*
Holding Percent
PDD Holdings Inc. (ADR) 6.52%
nVent Electric Plc 4.83%
Spotify Technology S.A. 4.66%
Arm Holdings Plc 4.58%
Nu Holdings Ltd. (Class A) 4.35%
Novo Nordisk A/S (ADR) 4.30%
Universal Music Group NV 3.55%
Wise Plc (Class A) 3.41%
Brookfield Asset Management Ltd. 3.23%
New Oriental Education & Technology Group Inc. (ADR) 3.10%

* Excluding cash.  Holdings are subject to change.

Top Country Exposure (as of 5/24/2024)
Country Percent
United Kingdom 16.05%
Ireland 9.56%
Sweden 8.78%
Canada 7.15%
Saudi Arabia 6.75%
China 6.00%
Brazil 5.77%
Indonesia 4.50%
Denmark 4.32%
Japan 4.11%
NAV History (Since Inception)
Past performance is not indicative of future results.
Distribution Information
Dividend per Share Amt (as of 5/25/2024)4$0.0874
30-Day SEC Yield (as of 4/30/2024)50.14%
12-Month Distribution Rate (as of 4/30/2024)60.66%
Index Yield (as of 4/30/2024)71.63%
Fund Characteristics (as of 4/30/2024)8
Maximum Market Cap.$577,238
Median Market Cap.$14,881
Minimum Market Cap.$1,875
Price/Cash Flow16.92
Bid/Ask Premium/Discount (as of 5/24/2024)
  2023 Q1 2024 Q2 2024 Q3 2024
Days Traded at Premium 30 10 1 ---
Days Traded at Discount 220 51 39 ---
Top Sector Exposure (as of 5/24/2024)
Financials 16.92%
Consumer Discretionary 16.91%
Information Technology 13.89%
Health Care 13.70%
Industrials 11.61%
Communication Services 11.42%
Materials 7.84%
Utilities 3.68%
Energy 2.10%
Real Estate 1.93%
Hypothetical Growth of $10,000 Since Inception (as of 5/23/2024) *