FPX: FIRST TRUST US EQUITY OPPORTUNITIES ETF
What this ETF is trying to do
The FIRST TRUST US EQUITY OPPORTUNITIES ETF (ticker: FPX) is an exchange-traded fund designed to invest in U.S. stocks. Based on its holdings, it focuses on various companies across different sectors of the economy.
What the numbers show
The current price of FPX is $180.49. To understand how the fund has performed, we can look at different timeframes:
• Year-to-Date (YTD): The price return is approximately 10.33%. When including distributions, the YTD total return is approximately 10.39%.
• One Year: The one-year price return is approximately 8.03%, while the one-year total return is approximately 8.24%.
• Three Years: The three-year price return is approximately 116.26%, and the three-year total return is approximately 117.79%.
An estimated price from roughly one year ago was $167.07. Because the total return numbers are slightly higher than the price return numbers, it shows that distributions added a small amount of value to the overall performance.
Income and distribution explanation
FPX provides a distribution yield of approximately 0.18%. This represents the cash distributed relative to the ETF's price. The trailing distributions were $0.3173.
The distribution frequency is described as "irregular" or "less frequent," with 3 payouts recorded over the last 12 months. It is important to remember that a distribution yield is not the same as total return. While distributions provide cash, they are only one part of an investor's overall experience.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, looking at price-based evidence, the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.
Top Holdings
The following are the top holdings in the fund (note that this is a partial list):
• GE VERNOVA INC: 7.75%
• ELI LILLY AND CO: 7.04%
• SANDISK CORP ORDINARY SHARES: 6.87%
• SPCX: 6.59%
• SEAGATE TECHNOLOGY HOLDINGS PLC: 5.05%
• LUMENTUM HOLDINGS INC: 3.19%
• HF SINCLAIR CORP: 3.08%
• WBD: 3.05%
• TWILIO INC CLASS A: 2.22%
• CORPAY INC: 1.98
Holdings can change over time. This data was updated on October 12, 2026.
Pros
• The fund has shown significant positive price returns over a three-year period.
• There are no detected signs of price erosion based on the current erosion score.
Cons
• The distribution yield is relatively low (approximately 0.18%).
• Distributions are irregular rather than being paid on a steady, predictable schedule.
Beginner takeaway
FPX is an ETF that has experienced share-price growth over the last year and three years. While it pays out distributions, they are infrequent and represent a small percentage of the share price. The fund currently shows no signs of price erosion according to the provided risk scores.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | GE VERNOVA INC | GEV | 7.75% |
| 2 | ELI LILLY AND CO | LLY | 7.04% |
| 3 | SANDISK CORP ORDINARY SHARES | SNDK | 6.87% |
| 4 | n/a | SPCX | 6.59% |
| 5 | SEAGATE TECHNOLOGY HOLDINGS PLC | STX | 5.05% |
| 6 | LUMENTUM HOLDINGS INC | LITE | 3.19% |
| 7 | HF SINCLAIR CORP | DINO | 3.08% |
| 8 | n/a | WBD | 3.05% |
| 9 | TWILIO INC CLASS A | TWLO | 2.22% |
| 10 | CORPAY INC | CPAY | 1.98% |