FPX

📎 Investment Objective

The First Trust US Equity Opportunities ETF (FPX) seeks to provide investment results that correspond generally to the price and yield performance of an index that is designed to track the performance of companies that are newly public or have recently completed an initial public offering (IPO).

✨ Key Features

• Provides exposure to newly public U.S. companies that have recently completed an IPO
• Tracks the IPOX-100 U.S. Index, which is designed to capture the performance of the 100 largest, most liquid IPO companies
• Uses a passive, full-replication strategy to track the index
• Has a low expense ratio of 0.00%

⚠️ Primary Risks

• Concentration risk as the fund is focused on a specific segment of the market (newly public companies)
• Potential for higher volatility compared to the broader market due to the nature of IPO companies
• Liquidity risk as some newly public companies may have lower trading volumes
• Dependence on the performance of the underlying index

👤 Best For

This ETF may be suitable for investors seeking exposure to the performance of newly public U.S. companies and are willing to accept the higher risk and volatility associated with this segment of the market. It may be most appropriate for investors with a long-term investment horizon and a higher risk tolerance.