FPXE
First Trust IPOX Europe Equity Opportunities ETF
The First Trust IPOX Europe Equity Opportunities ETF tracks a market-cap-weighted index of the 100 largest European IPOs over the first 1,000 trading days for each stock.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
3.8 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 02, 2018 |
| Assets (mns) | $4 |
| Expense ratio | 70 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Time Since Listing |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NORDNET AB (PUBL) | 19.0 % |
| ARM HOLDINGS PLC | 7.0 % |
| SPOTIFY TECHNOLOGY SA | 5.4 % |
| MONDAY.COM LTD. | 4.2 % |
| GENESIS HEALTHCARE INC CLASS A | 4.0 % |
| ON HOLDING AG CLASS A | 4.0 % |
| UCB SA | 3.3 % |
| INPOST S.A. | 3.1 % |
| BONESUPPORT HOLDING AB | 2.8 % |
| CRH PLC-SPONSORED ADR | 2.2 % |
Constituent Breakdown
| Number of holdings | 104 |
| Herfindahl-Hirschman Index | 587 |
| Wgt avg mkt cap (mns) | $29,086 |
| Large cap (>$10bn) | 53.8% |
| Mid cap ($2-10bn) | 36.9% |
| Small cap (<$2bn) | 3.9% |
| Developed mkts. | 99.2% |
| Emerging mkts. | 0.9% |
Country Exposure
 |
BRITAIN | 11.9 % |
 |
SWEDEN | 11.4 % |
 |
SWITZERLAND | 9.1 % |
 |
ISRAEL | 6.8 % |
 |
LUXEMBOURG | 5.4 % |
 |
GERMANY | 5.3 % |
 |
DENMARK | 4.5 % |
 |
UNITED STATES | 4.0 % |
 |
NORWAY | 3.8 % |
 |
BELGIUM | 3.4 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 21.4% | 28.3% | 16.6% | -3.1% | 6.9% | -- | 8.6% | Volatility | 17.1% | 16.6% | 17.2% | 22.6% | 24.3% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.17 | 80% |
| MSCI EAFE | 1.20 | 82% |
| MSCI Emg Mkts | 0.92 | 49% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.31% |
| ADV of underlying (mns) | $3,621 |
Technical Indicators
| Recent close | $25.50 |
| 30d moving avg. | $26.45 |
| Annualized volatility | 23.0% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FPXE |
Expenses vs. FPXE |
ALTAR Score™ vs. FPXE |
|---|---|---|---|---|
| FPXI | First Trust International Equity Opportunities ETF | 42.0% | 0 bp | +1.3% |
| IPO | Renaissance IPO ETF | 11.7% | -10 bp | -7.9% |
Risk and Returns: FPXE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FPXE
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
FPXE
3.7%
Cat. Avg
7.5%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.5% and a standard deviation of
2.7%. FPXE's ALTAR Score™ is approximately
1.4 standard deviations
below
the category average. This places FPXE in the 8th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FPXESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| FPXE (70 bp) Percentile rank | 87 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FPXE | 70.0 | 30.5 | 100.5 |
| Peer Avg. | 54.5 | 60.4 | 114.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .