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.
Fund Basics
| Fund sponsor | First Trust |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 02, 2018 |
| Assets (mns) | $5 |
| 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 +
| NVENT ELECTRIC PLC | 8.4 % |
| ARM HOLDINGS PLC | 4.5 % |
| DAIMLER TRUCK HOLDING AG | 3.9 % |
| SPOTIFY TECHNOLOGY SA | 3.5 % |
| NOVO NORDISK A/S-B | 3.4 % |
| GLAXOSMITHKLINE PLC | 3.1 % |
| INPOST S.A. | 2.9 % |
| TECHNIP ENERGIES NV | 2.6 % |
| UNIVERSAL MUSIC GROUP N.V. | 2.6 % |
| MONDAY.COM LTD. | 2.6 % |
Constituent Breakdown
| Number of holdings | 104 |
| Herfindahl-Hirschman Index | 462 |
| Wgt avg mkt cap (mns) | $37,950 |
| Large cap (>$10bn) | 58.4% |
| Mid cap ($2-10bn) | 33.2% |
| Small cap (<$2bn) | 5.1% |
| Developed mkts. | 98.6% |
| Emerging mkts. | 1.4% |
Country Exposure
 |
BRITAIN | 23.2 % |
 |
SWEDEN | 10.7 % |
 |
GERMANY | 9.6 % |
 |
FRANCE | 4.1 % |
 |
IRELAND | 3.8 % |
 |
ISRAEL | 3.6 % |
 |
SWITZERLAND | 3.6 % |
 |
NETHERLANDS | 3.5 % |
 |
LUXEMBOURG | 3.5 % |
 |
DENMARK | 3.4 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 13.2% | 19.5% | 2.8% | -1.7% | 7.6% | -- | 8.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.20 | 81% |
| MSCI EAFE | 1.24 | 80% |
| MSCI Emg Mkts | 0.91 | 46% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.31% |
| ADV of underlying (mns) | $3,083 |
Technical Indicators
| Recent close | $24.02 |
| 30d moving avg. | $21.28 |
| Annualized volatility | 23.7% |
| Relative strength (RSI) | 69 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
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 | 34.3% | 0 bp | -0.9% |
| IPOS | Renaissance International IPO ETF | 10.1% | +10 bp | -173.4% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 4/25/2024
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FPXE
4.6%
Cat. Avg
7.2%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.6% |
Recommendation
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.
Category Overview
There are 257 funds in the International Equities category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.5%. FPXE's ALTAR Score™ is approximately
1.0 standard deviations
below
the category average. This places FPXE in the 15th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FPXE
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
Trading data provided for free by IEX. By accessing this data you agree to abide by their Terms of Service.
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. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .