FPX
First Trust US Equity Opportunities ETF
stock NYSE ETF

The investment 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 common stocks that comprise the index. The index is an applied, market-cap weighted price index measuring the performance of the top U.S. companies ranked quarterly by market capitalization in the IPOX® U.S. Composite Index, a sub-index of the IPOX® Global Composite Index. It is non-diversified.