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
$ 294.3 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 | 11.6 % |
| CONTEMPORARY AMPEREX TECHN-H | 8.1 % |
| KIOXIA HOLDINGS CORP | 6.2 % |
| RIO TINTO PLC-SPON ADR | 5.0 % |
| SIEMENS ENERGY AG | 4.8 % |
| ARM HOLDINGS PLC | 4.2 % |
| CAIXA SEGURIDADE | 3.2 % |
| SANDOZ GROUP AG | 3.1 % |
| VIKING HOLDINGS LTD | 2.8 % |
| Z AI CO LTD | 2.6 % |
Constituent Breakdown
| Number of holdings | 61 |
| Herfindahl-Hirschman Index | 422 |
| Wgt avg mkt cap (mns) | $57,506 |
| Large cap (>$10bn) | 67.6% |
| Mid cap ($2-10bn) | 6.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 63.9% |
| Emerging mkts. | 19.1% |
Sector Breakdown
Country Exposure
 |
JAPAN | 23.3 % |
 |
China | 10.7 % |
 |
BRITAIN | 9.9 % |
 |
GERMANY | 8.3 % |
 |
CANADA | 5.7 % |
 |
UNITED STATES | 5.5 % |
 |
TAIWAN | 3.7 % |
 |
SWITZERLAND | 3.6 % |
 |
BRAZIL | 3.2 % |
 |
BELGIUM | 2.0 % |
Historical Performance
Standardized Performance (as of 08/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 18.9% | 19.7% | 20.6% | 20.0% | 0.4% | 10.2% | -- | 7.5% |
| Dividend Yield | 0.6% | 0.7% | 0.9% | 1.0% | 0.9% | 1.0% | -- | 1.0% |
| Total Returns | 19.5% | 20.5% | 21.5% | 21.0% | 1.2% | 11.2% | -- | 8.5% | Ann. Volatility | 35.5% | 31.0% | 26.5% | 23.9% | 23.3% | 22.2% | -- | 21.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.80 | 55% |
| MSCI EAFE | 1.50 | 57% |
| MSCI Emg Mkts | 1.10 | 78% |
Liquidity Measures
| Avg. volume (000) | 14 |
| ADV traded (mns) | $1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.51% |
Technical Indicators
| 30d moving avg. (EMA) | $72.51 |
| Relative strength (RSI) | 51 |
| MACD/Signal | -0.23/-0.97 |
| Bollinger Bands (Upper/Lower) | $75.44/$65.92 |
| Short interest (% of AUM) | 0.6% |
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 | 24.1% | 0 bp | +0.4% |
| GRIN | VictoryShares International Free Cash Flow Growth ETF | 10.8% | -14 bp | -1.6% |
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 9/6/2026
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
4.6%
ALTAR SCORE™
17th
PERCENTILE
AVOID
ETFRC RATING
There are 419 funds in the International Equity category with an average
ALTAR Score™ of 6.0% and a standard deviation
of 1.5%. FPXI's ALTAR Score™ is approximately -1.0 standard
deviations above the category average. This places FPXI in the 17th percentile
among funds in the category.
Sell-Side Consensus
$82.77
PRICE TARGET
+16.7%
UPSIDE