FPXI
First Trust International Equity Opportunities ETF
The First Trust International IPO ETF tracks a market-cap-weighted index of the 50-largest IPOs outside of the US over the first 1,000 trading days of each stock. Stocks must pass additional quantitative screens to be included.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 239.5 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Inception date | Nov 04, 2014 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ADVANTEST CORP | 9.4 % |
| CONTEMPORARY AMPEREX TECHN-H | 9.1 % |
| KIOXIA HOLDINGS CORPORATION | 8.5 % |
| ARM HOLDINGS PLC | 6.4 % |
| SIEMENS ENERGY AG | 5.5 % |
| YAGEO CORPORATION | 3.1 % |
| AGNICO-EAGLE MINES LTD | 2.9 % |
| SANDOZ GROUP AG | 2.8 % |
| CAIXA SEGURIDADE | 2.6 % |
| KNOWLEDGE ATLAS TECHNOLOGY CO., LTD. (CL | 2.5 % |
Constituent Breakdown
| Number of holdings | 60 |
| Herfindahl-Hirschman Index | 404 |
| Wgt avg mkt cap (mns) | $35,669 |
| Large cap (>$10bn) | 58.3% |
| Mid cap ($2-10bn) | 11.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 52.8% |
| Emerging mkts. | 20.0% |
Sector Breakdown
Country Exposure
 |
JAPAN | 10.8 % |
 |
China | 10.2 % |
 |
CANADA | 10.1 % |
 |
BRITAIN | 8.2 % |
 |
GERMANY | 7.9 % |
 |
UNITED STATES | 5.7 % |
 |
TAIWAN | 4.7 % |
 |
SWITZERLAND | 3.5 % |
 |
BRAZIL | 3.1 % |
 |
NORWAY | 1.7 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 31.7% | 47.5% | 28.0% | 26.7% | 3.0% | 11.6% | -- | 8.6% |
| Dividend Yield | 0.1% | 1.2% | 1.1% | 1.1% | 0.9% | 1.0% | -- | 1.0% |
| Total Returns | 31.8% | 48.8% | 29.1% | 27.8% | 3.9% | 12.7% | -- | 9.6% | Ann. Volatility | 30.2% | 23.5% | 22.9% | 21.2% | 21.6% | 21.3% | -- | 21.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.51 | 58% |
| MSCI EAFE | 1.25 | 64% |
| MSCI Emg Mkts | 1.03 | 76% |
Liquidity Measures
| Avg. volume (000) | 37 |
| ADV traded (mns) | $3 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.65% |
Technical Indicators
| 30d moving avg. (EMA) | $74.32 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 1.10/1.48 |
| Bollinger Bands (Upper/Lower) | $81.17/$69.88 |
| Short interest (% of AUM) | 0.1% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FPXI |
Expenses vs. FPXI |
ALTAR Score™ vs. FPXI |
|---|---|---|---|---|
| FPXE | First Trust IPOX Europe Equity Opportunities ETF | 30.1% | 0 bp | +0.7% |
| IPO | Renaissance IPO ETF | 10.3% | -10 bp | -1.7% |
Risk and Returns: FPXI 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 6/20/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
3.6%
ALTAR SCORE™
6th
PERCENTILE
AVOID
ETFRC RATING
There are 417 funds in the International Equity category with an average
ALTAR Score™ of 6.1% and a standard deviation
of 1.6%. FPXI's ALTAR Score™ is approximately -1.5 standard
deviations above the category average. This places FPXI in the 6th percentile
among funds in the category.
Sell-Side Consensus
$82.77
PRICE TARGET
-1.5%
UPSIDE