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.


Rules-Based, Concentrated

MANAGEMENT MATRIX

FPXE

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust
CategoryInternational Equities
Asset classEquity
Websitelink...
Inception dateNov 04, 2014
Assets (mns)$160
Expense ratio70 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionProprietary
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
ARM HOLDINGS PLC 5.5 %
PINDUODUO, INC. SPONSORED ADR CLASS A 5.2 %
NU HOLDINGS LTD. CLASS A 4.6 %
NVENT ELECTRIC PLC 4.2 %
WISE PLC CLASS A 4.2 %
NOVO-NORDISK A/S-SPONS ADR 4.1 %
SPOTIFY TECHNOLOGY SA 4.1 %
SAUDI ARAMCO BASE OIL COMPANY - LUBEREF 4.0 %
NEW ORIENTAL EDUCATION & TECHNOLOGY GROU 3.7 %
DAIMLER TRUCK HOLDING AG 3.6 %
Constituent Breakdown
Number of holdings60
Herfindahl-Hirschman Index 409
Wgt avg mkt cap (mns)$55,943
Large cap (>$10bn)80.2%
Mid cap ($2-10bn)18.2%
Small cap (<$2bn)0.0%
Developed mkts.68.9%
Emerging mkts.31.1%
Country Exposure
BRITAIN 16.6 %
CHINA 12.0 %
SAUDI ARABIA 7.2 %
LUXEMBOURG 6.2 %
CAYMAN ISLANDS 4.6 %
DENMARK 4.1 %
CANADA 3.9 %
JAPAN 3.7 %
GERMANY 3.6 %
NETHERLANDS 3.4 %
Historical Performance


Standardized Annual Returns (as of 02/29/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
0.0% 9.3% -8.1% -14.7% 4.8% -- 5.3%
Market Correlations
versus...BetaR-squared
S&P 5000.8351%
MSCI EAFE0.9765%
MSCI Emg Mkts1.0275%
Liquidity Measures
Avg. volume (000)19
Turnover0.6%
Avg. Bid/Ask (% of price)0.36%
ADV of underlying (mns)$5,759
Technical Indicators
Recent close$46.34
30d moving avg.$40.46
Annualized volatility20.7%
Relative strength (RSI)71
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)

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. FPXI
Expenses
vs. FPXI
ALTAR Score™
vs. FPXI
FPXE First Trust IPOX Europe Equity Opportunities ETF   35.4%   0 bp +0.0%
FDNI First Trust Dow Jones International Internet ETF   10.1%   -5 bp -3.5%
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
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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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 --%
2.0 21.1 3.7 1.3% --
Based on closing prices from 3/27/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
FPXI



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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

FPXI

3.5%

Cat. Avg

6.7%

Fund Category: International Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™3.5%
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 6.7% and a standard deviation of 2.9%. FPXI's ALTAR Score™ is approximately 1.1 standard deviations below the category average. This places FPXI in the 13rd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
FPXI
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
FPXI 70.0 35.6 105.6
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.