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First Trust IPOX® Europe Equity Opportunities ETF (FPXE)
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
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 10/18/2018)
Closing NAV1$18.42
Closing Share Price2$18.73
Bid/Ask Midpoint$18.41
Bid/Ask Discount0.05%
Total Net Assets$1,842,043
Outstanding Shares100,002
Daily Volume0
Closing Share Price 52-Week High/Low$19.70 / $18.33
Closing NAV 52-Week High/Low$19.70 / $18.30
Number of Holdings100
Fund Characteristics (as of 10/4/2018)3
Maximum Market Cap.$41,412
Median Market Cap.$2,902
Minimum Market Cap.$1,128
Price/Earnings13.01
Price/Book2.16
Price/Cash Flow9.78
Price/Sales1.38
Top Holdings (as of 10/18/2018)
Holding Percent
Siemens Healthineers AG 7.11%
Orsted A/S 5.88%
Ferrari N.V. 4.90%
ABN AMRO Group N.V. 4.26%
Vonovia SE 4.22%
Innogy SE (Tendered) 4.14%
Aena, S.A. 3.52%
Adyen NV 3.50%
NN Group N.V. 2.67%
Covestro AG 2.43%

Holdings are subject to change.

Top Country Exposure (as of 10/18/2018)
Country Percent
Germany 26.90%
The Netherlands 14.62%
Italy 12.80%
United Kingdom 10.56%
Denmark 7.12%
Spain 6.54%
Sweden 6.19%
France 5.89%
Switzerland 2.70%
Australia 1.54%
NAV History (Since Inception)
Past performance is not indicative of future results.
Top Sector Exposure (as of 10/18/2018)
Consumer Discretionary 19.44%
Financials 17.41%
Industrials 13.08%
Utilities 12.79%
Health Care 10.59%
Information Technology 9.18%
Communication Services 6.39%
Real Estate 6.05%
Materials 3.04%
Consumer Staples 1.22%
Energy 0.81%
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 share 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 All market capitalization numbers are in USD$ Millions.

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.

ETF Characteristics

The fund lists and principally trades its shares on The Nasdaq Stock Market LLC.

The fund's return may not match the return of the IPOX 100 Europe Index.  Securities held by the 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 the fund by authorized participants, in very large creation/redemption units. If the 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 the fund's net asset value and possibly face delisting.

Risk Considerations

The fund's shares will change in value, and you could lose money by investing in the fund. One of the principal risks of investing in the fund is market risk. Market risk is the risk that a particular stock owned by the fund, fund shares or stocks in general may fall in value. There can be no assurance that the fund's investment objective will be achieved.

The fund may invest in securities issued by companies concentrated in a particular industry, sector, or country, which involves additional risks, including limited diversification. The fund may invest in small capitalization and mid capitalization companies. Such companies may experience greater price volatility than larger, more established companies.

An investment in a fund containing securities of non-U.S. issuers is 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. These risks may be heightened for securities of companies located in, or with significant operations in, emerging market countries. The fund may invest in depositary receipts which may be less liquid than the underlying shares in their primary trading market.

The fund is 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 United Kingdom's referendum on June 23, 2016 to leave the European Union (known as "Brexit") sparked depreciation in the value of the British pound, short-term declines in the stock markets and heightened risk of continued economic volatility worldwide.

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 the fund. The price of stocks included in the fund may not continue to appreciate and their performance may not replicate the performance exhibited in the past.

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

Changes in currency exchange rates and the relative value of non-U.S. currencies will affect the value of the fund's investments and the value of fund shares.

The fund currently has fewer assets than larger funds, and like other relatively new funds, large inflows and outflows may impact the fund's market exposure for limited periods of time.

The fund is classified as "non-diversified" and may invest a relatively high percentage of its assets in a limited number of issuers. As a result, the 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.

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.

A patent with respect to the IPOX® index methodology has been issued (U.S. Pat. No. 7,698,197). IPOX® is a registered international trademark of IPOX® Schuster LLC (www.ipoxschuster.com).

Not FDIC Insured • Not Bank Guaranteed • May Lose Value
 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
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