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First Trust US Equity Opportunities ETF

Ticker
FPX
NAV
info
The NAV represents the fund's net assets (assets less liabilities) divided by the fund's outstanding shares.
$113.37
Market Price
info
Fund shares are purchased and sold on an exchange at their market price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).
$113.46
Pricing as of 10/28/2024
Overview
Performance
Pricing
Holdings
Distributions

Overview

Fund Objective & Strategy

The First Trust US Equity Opportunities ETF (the "Fund"), formerly First Trust US IPO Index Fund, seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the IPOX®-100 U.S. Index. The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks that comprise the Index.

There can be no assurance that the Fund's investment objectives will be achieved.

Index Description According to the Index Provider

  • The IPOX®-100 U.S. Index is a modified value-weighted price index measuring the performance of the top 100 companies ranked quarterly by market capitalization in the IPOX® Global Composite Index.
  • The index utilizes a 10% capping on all constituents and includes the 100 largest, typically best performing and most liquid U.S. public offerings ("IPOs") in the IPOX® Global Composite Index.
  • Index constituents are selected based on quantitative initial screens. In general, eligible constituents are added on the sixth day of trading and remain eligible to be included in the Index for approximately four years.
  • The index is reconstituted and adjusted quarterly.
Potential Benefits of the First Trust US Equity Opportunities ETF
  • Systematic exposure to U.S. equity capital and private equity activity and the growth and innovativeness of the U.S. economy via a semi-passive indexing approach.
  • Based on well researched, totally disciplined and transparent index methodology. The IPOX®-100 U.S. Index has historically captured around 85% of total market capitalization created through U.S. IPO activity during the past four years. Tilt towards mid- and large-cap stocks.
  • Investment tool for buy-and-hold investors seeking timely and systematic IPO exposure as well as active market participants due to dynamic index properties.

Fund Facts

CUSIP
336920103
ISIN
US3369201039
Exchange
NYSE Arca
Inception
4/12/2006
Inception Share Price
$20.00
Inception NAV
$20.00
Rebalance Frequency
Quarterly
Fiscal Year-End
12/31
Fund Type
Growth
Intraday NAV
FPXIV
Investment Advisor
First Trust Advisors L.P.
Investor Servicing Agent
Bank of New York Mellon Corp

Current Fund Data

As Of 10/28/2024
Closing NAV
info
The NAV represents the fund's net assets (assets less liabilities) divided by the fund's outstanding shares.
$113.37
Closing Market Price
info
Fund shares are purchased and sold on an exchange at their market price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).
$113.46
30-Day Median Bid/Ask Spread
info
The median bid-ask spread is calculated by identifying the national best bid and national best offer ("NBBO") for the fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.
0.09%
Bid/Ask Midpoint
$113.46
Bid/Ask Premium
0.08%
Total Net Assets
$748,255,447
Outstanding Shares
6,600,002
Daily Volume
8,531
Average 30-Day Daily Volume
10,362
Closing Market Price 52-Week High/Low
$114.55 / $76.32
Closing NAV 52-Week High/Low
$114.53 / $76.38

Fees And Expenses

As Of 5/1/2024
Total Expense Ratio
0.59%
Net Expense Ratio
0.59%

Expenses are capped contractually at 0.60% per year, at least through 4/30/2025.

Yield Information

As Of 9/30/2024
30-Day SEC Yield
info
The 30-day SEC yield is calculated by dividing the net investment income per share earned during the most recent 30-day period by the maximum offering price per share on the last day of the period and includes the effects of fee waivers and expense reimbursements, if applicable.
0.11%
Unsubsidized 30-Day SEC Yield
info
The unsubsidized 30-day SEC yield is calculated the same as the 30-day SEC yield, however it excludes contractual fee waivers and expense reimbursements.
0.11%
Index Yield
info
Index yield represents the weighted average trailing 12-month dividend of the constituents of the fund’s benchmark index
0.65%
12-Month Distribution Rate
info
12-Month Distribution Rate is calculated by dividing the sum of the fund's trailing 12-month ordinary distributions paid or declared by the NAV price. Distribution rates may vary.
0.03%

Performance

Hypothetical Growth of $10,000 Since Inception *

As Of 10/28/2024
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Performance data quoted represents past performance. Past performance is not a guarantee of future results and current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than their original cost.

Tracking Index: IPOX® 100 U.S. Index

Month End Performance

As Of 9/30/2024
Fund Performance * 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception†
Net Asset Value (NAV) 11.01% 15.21% 31.39% -3.22% 8.25% 9.29% 10.47%
Market Price 11.04% 15.21% 31.46% -3.21% 8.26% 9.29% 10.47%
               
Index Performance ** 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception†
IPOX® 100 U.S. Index 11.18% 15.70% 32.13% -2.73% 8.78% 9.84% 11.09%
Russell 3000® Index 6.23% 20.63% 35.19% 10.29% 15.26% 12.83% 10.33%
S&P 500® Index 5.89% 22.08% 36.35% 11.91% 15.98% 13.38% 10.61%

† Inception Date is 4/12/2006

Quarter End Performance

As Of 9/30/2024
Fund Performance * 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception†
Net Asset Value (NAV) 11.01% 15.21% 31.39% -3.22% 8.25% 9.29% 10.47%
Market Price 11.04% 15.21% 31.46% -3.21% 8.26% 9.29% 10.47%
               
Index Performance ** 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception†
IPOX® 100 U.S. Index 11.18% 15.70% 32.13% -2.73% 8.78% 9.84% 11.09%
Russell 3000® Index 6.23% 20.63% 35.19% 10.29% 15.26% 12.83% 10.33%
S&P 500® Index 5.89% 22.08% 36.35% 11.91% 15.98% 13.38% 10.61%

† Inception Date is 4/12/2006

3 Year Statistics

As Of 9/30/2024
Standard Deviation
info
Standard Deviation is a measure of price variability (risk).
Alpha
info
Alpha is an indication of how much an investment outperforms or underperforms on a risk-adjusted basis relative to its benchmark.
Beta
info
Beta is a measure of price variability relative to the market.
Sharpe Ratio
info
Sharpe Ratio is a measure of excess reward per unit of volatility.
Correlation
info
Correlation is a measure of the similarity of performance.

* Performance data quoted represents past performance. Past performance is not a guarantee of future results and current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than their original cost.

Returns do not represent the returns you would receive if you traded shares at other times. Market Price returns are determined by using the midpoint of the national best bid offer price ("NBBO") as of the time that the fund's NAV is calculated. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

** Performance information for each listed index is for illustrative purposes only and does not represent actual fund performance. Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.

Russell 3000® Index - The Index is comprised of the 3000 largest and most liquid stocks based and traded in the U.S.

S&P 500® Index - The Index is an unmanaged index of 500 companies used to measure large-cap U.S. stock market performance.

Pricing

Price History

As Of 10/28/2024
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Bid/Ask Premium/Discount

As Of 10/28/2024
  2023 1/1/2024 - 3/31/2024 4/1/2024 - 6/30/2024 7/1/2024 - 9/30/2024
Days Traded at Premium 144 39 40 38
Days Traded at Discount 106 22 23 26

Holdings

Fund Characteristics

As Of 9/30/2024
Maximum Market Cap.
info
All market capitalization numbers are in USD Millions.
$113,465
Median Market Cap.
info
All market capitalization numbers are in USD Millions.
$6,878
Minimum Market Cap.
info
All market capitalization numbers are in USD Millions.
$1,962
Price/Earnings
25.38
Price/Book
5.36
Price/Cash Flow
18.32
Price/Sales
3.39

Top Holdings

As Of 10/28/2024
Carrier Global Corporation
7.26%
Samsara Inc. (Class A)
6.76%
Regeneron Pharmaceuticals, Inc.
5.66%
Palantir Technologies Inc. (Class A)
5.35%
Constellation Energy Corporation
4.44%
DoorDash, Inc. (Class A)
4.03%
Applovin Corp. (Class A)
3.54%
GE Vernova Inc.
3.38%
Kenvue Inc.
3.26%
Duolingo, Inc.
2.42%

Excluding cash. Holdings are subject to change.

Top Sector Exposure

As Of 10/28/2024
Information Technology
23.62%
Industrials
18.88%
Health Care
16.38%
Financials
13.50%
Consumer Discretionary
10.73%
Utilities
5.23%
Consumer Staples
4.01%
Communication Services
3.08%
Energy
2.73%
Materials
1.29%
Real Estate
0.55%

Distributions

Distribution History

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Ex-Dividend Date
Record Date
Payable Date
Distribution Amount
Distribution Type
info
Ordinary distributions may include realized short-term capital gains and/or returns of capital. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end. The Fund will send you a Form 1099-DIV for the current year that will tell you how to report these distributions for federal income tax purposes.

The distribution history represents dividends that were paid by the Fund and is not a guarantee of the Fund's future dividend-paying ability.

You should consider the fund's investment objectives, risks, and charges and expenses carefully before investing. You can download a prospectus or summary prospectus, or contact First Trust Portfolios L.P. at 1-800-621-1675 to request a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.

You could lose money by investing in a fund. An investment in a fund is not a deposit of a bank and is not insured or guaranteed. There can be no assurance that a fund's objective(s) will be achieved. Investors buying or selling shares on the secondary market may incur customary brokerage commissions. Please refer to each fund's prospectus and Statement of Additional Information for additional details on a fund's risks. The order of the below risk factors does not indicate the significance of any particular risk factor.

Unlike mutual funds, shares of the fund may only be redeemed directly from a fund by authorized participants in very large creation/redemption units. If a fund's authorized participants are unable to proceed with creation/redemption orders and no other authorized participant is able to step forward to create or redeem, fund shares may trade at a premium or discount to a fund's net asset value and possibly face delisting and the bid/ask spread may widen.

Current market conditions risk is the risk that a particular investment, or shares of the fund in general, may fall in value due to current market conditions. As a means to fight inflation, the Federal Reserve and certain foreign central banks have raised interest rates; however, the Federal Reserve has recently lowered interest rates and may continue to do so. Recent and potential future bank failures could result in disruption to the broader banking industry or markets generally and reduce confidence in financial institutions and the economy as a whole, which may also heighten market volatility and reduce liquidity. Ongoing armed conflicts between Russia and Ukraine in Europe and among Israel, Hamas and other militant groups in the Middle East, have caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, the Middle East and the United States. The hostilities and sanctions resulting from those hostilities have and could continue to have a significant impact on certain fund investments as well as fund performance and liquidity. The COVID-19 global pandemic, or any future public health crisis, and the ensuing policies enacted by governments and central banks have caused and may continue to cause significant volatility and uncertainty in global financial markets, negatively impacting global growth prospects.

A fund is susceptible to operational risks through breaches in cyber security. Such events could cause a fund to incur regulatory penalties, reputational damage, additional compliance costs associated with corrective measures and/or financial loss.

Equity securities may decline significantly in price over short or extended periods of time, and such declines may occur in the equity market as a whole, or they may occur in only a particular country, company, industry or sector of the market.

An index fund will be concentrated in an industry or a group of industries to the extent that the index is so concentrated. A fund with significant exposure to a single asset class, or the securities of issuers within the same country, state, region, industry, or sector may have its value more affected by an adverse economic, business or political development than a broadly diversified fund.

A fund may be a constituent of one or more indices or models which could greatly affect a fund's trading activity, size and volatility.

There is no assurance that the index provider or its agents will compile or maintain the index accurately. Losses or costs associated with any index provider errors generally will be borne by a fund and its shareholders.

Industrials and producer durables companies are subject to certain risks, including the general state of the economy, intense competition, consolidation, domestic and international politics, excess capacity and consumer demand and spending trends. They may also be significantly affected by overall capital spending levels, economic cycles, technical obsolescence, delays in modernization, labor relations, and government regulations.

Information technology companies are subject to certain risks, including rapidly changing technologies, short product life cycles, fierce competition, aggressive pricing and reduced profit margins, loss of patent, copyright and trademark protections, cyclical market patterns, evolving industry standards and regulation and frequent new product introductions.

The stocks of companies that have recently conducted an initial public offering are often subject to price volatility and speculative trading. These stocks may have exhibited above average price appreciation in connection with the initial public offering prior to inclusion in a fund. The price of stocks included in a fund may not continue to appreciate and their performance may not replicate the performance exhibited in the past.

Large capitalization companies may grow at a slower rate than the overall market.

Market risk is the risk that a particular security, or shares of a fund in general may fall in value. Securities are subject to market fluctuations caused by such factors as general economic conditions, political events, regulatory or market developments, changes in interest rates and perceived trends in securities prices. Shares of a fund could decline in value or underperform other investments as a result. In addition, local, regional or global events such as war, acts of terrorism, spread of infectious disease or other public health issues, recessions, natural disasters or other events could have significant negative impact on a fund.

A fund faces numerous market trading risks, including the potential lack of an active market for fund shares due to a limited number of market makers. Decisions by market makers or authorized participants to reduce their role or step away in times of market stress could inhibit the effectiveness of the arbitrage process in maintaining the relationship between the underlying values of a fund's portfolio securities and a fund's market price.

Mid capitalization companies may experience greater price volatility than larger, more established companies.

An index fund's return may not match the return of the index for a number of reasons including operating expenses, costs of buying and selling securities to reflect changes in the index, and the fact that a fund's portfolio holdings may not exactly replicate the index.

A fund classified as "non-diversified" may invest a relatively high percentage of its assets in a limited number of issuers. As a result, a fund may be more susceptible to a single adverse economic or regulatory occurrence affecting one or more of these issuers, experience increased volatility and be highly concentrated in certain issuers.

A fund and a fund's advisor may seek to reduce various operational risks through controls and procedures, but it is not possible to completely protect against such risks. The fund also relies on third parties for a range of services, including custody, and any delay or failure related to those services may affect the fund's ability to meet its objective.

A fund that invests in securities included in or representative of an index will hold those securities regardless of investment merit and the fund generally will not take defensive positions in declining markets.

High portfolio turnover may result in higher levels of transaction costs and may generate greater tax liabilities for shareholders.

The market price of a fund's shares will generally fluctuate in accordance with changes in the fund's net asset value ("NAV") as well as the relative supply of and demand for shares on the exchange, and a fund's investment advisor cannot predict whether shares will trade below, at or above their NAV.

Securities of small capitalization companies may experience greater price volatility and be less liquid than larger, more established companies.

Trading on an exchange may be halted due to market conditions or other reasons. There can be no assurance that a fund's requirements to maintain the exchange listing will continue to be met or be unchanged.

First Trust Advisors L.P. (FTA) is the adviser to the First Trust fund(s). FTA is an affiliate of First Trust Portfolios L.P., the distributor of the fund(s).

IPOX® and IPOX®-100 U.S. Index are registered international trademarks and service marks of IPOX® Schuster LLC ("IPOX") and have been licensed for use by First Trust. The Fund is not sponsored, endorsed, sold or promoted by IPOX, and IPOX makes no representation regarding the advisability of trading in such Fund. IPOX® is an international trademark of IPOX Schuster LLC. Index of Initial Public Offerings (IPOX) and IPOX Derivatives Patent No. US 7,698,197.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.
Not FDIC Insured • Not Bank Guaranteed • May Lose Value