IPOX® International Index ETF (FPXI)

First Trust International Equity Opportunities ETF

The First Trust International Equity Opportunities ETF (FPXI) is an exchange-traded fund designed to track the performance of the IPOX® International Index. This index provides exposure to the 50 largest and most liquid non-U.S. companies in the IPOX® Global Composite Index.

Key Facts:

  • Ticker: FPXI (Nasdaq)

  • Inception Date: November 4, 2014

  • Expense Ratio: 0.70% (as of February 1, 2024)

  • Rebalance Frequency: Quarterly

Index Methodology:

The IPOX® International Index is a modified value-weighted price index that:

  • Measures the performance of the 50 largest and most liquid non-U.S. companies in the IPOX® Global Composite Index

  • Includes listings from regions such as Europe, China, Japan, and the Middle East

  • Ranks companies quarterly by market capitalization

  • Employs a 10% capping on all constituents

  • Offers systematic exposure to non-U.S. equity capital and private equity activity

  • Serves as a global proxy for innovation

Portfolio Composition:

As of August 1, 2024, the fund held 50 positions.

Top countries included:

  1. Sweden (11.36%)

  2. United Kingdom (10.09%)

  3. Japan (7.44%)

  4. Canada (7.40%)

  5. Ireland (7.21%)

Top sectors included:

  1. Information Technology (21.07%)

  2. Health Care (17.05%)

  3. Consumer Discretionary (15.76%)

  4. Industrials (12.63%)

  5. Communication Services (12.22%)

For the most current information and to obtain a prospectus, please visit the First Trust website.