This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

First Trust US IPO Index
FPX : n.a. : Financial
$47.73 -0.14 | -0.29%
Today's Range: 47.70 - 48.00
Avg. Daily Volume: 60,000
07/29/14 - 3:34 PM ET
  • Last Ratings Update:06/30/2014
  • Price as of 06/30/2014 :$48.12
  • Net Assets:$486.1 Million
  • NAV:$48.6
  • Premium-0.99%
  •   
  • Peer Rank:8 of 283
  • Investment Rating:A+
  • Performance:A
  • RiskB
FPX Price Chart

SUMMARY


We rate First Trust US IPO Index at A+. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a well above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Growth - Domestic strategy.


POSITIVES AND RISKS


Total return ranks very high in comparison with peers over the last three years. The First Trust US IPO Index has returned an annual rate of 12.27% since inception. More recently, the fund has generated a total return of 27.70% in the last five years, 23.66% in the last three years, and 33.85% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 95% of them. It has also outpaced 96% of its competitors on a three year basis and 91% of them over the last year for the period ending 6/30/2014. On a year to date basis, FPX has returned 7.40%.

Downside risk has been below average. FPX has a draw down risk of -16.70%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 16.0%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 6/30/2014, the fund was trading at a price of $48.12, which is 0.4% below its 52-week high of $48.29 and 4.4% above its 52-week low of $46.07.

High expense ratio hinders performance. On total assets of $486.10 million, FPX maintains a high expense ratio compared to its Growth - Domestic peers of 0.60% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As FPX is an exchange traded fund, it has no front end or back end load.

The First Trust US IPO Index is managed by Daniel J. Lindquist at First Trust Advisors LP. This fund is one of 99 First Trust Advisors LP exchange-traded funds launched since 6/12/2003 that we track.


Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV

Latest Stock Upgrades/Downgrades

Brokerage Partners


Top Rated Stocks Top Rated Funds Top Rated ETFs