FPXE: FIRST TRUST IPOX EUROPE EQUITY OPPORTUNITIES ETF
What this ETF is trying to do
The FIRST TRUST IPOX EUROPE EQUITY OPPORTUNITIES ETF (ticker: FPXE) is an exchange-traded fund listed on the NASDAQ. Based on its name, it focuses on equity opportunities within Europe. It holds a total of 107 different investments.
Top Holdings:
• Roche Holding AG: 6.83%
• Bawag Group AG: 6.63%
• Swedish Orphan Biovitrum AB: 6.20%
• Technoprobe Spa: 6.14%
• Nordnet AB (PUBL): 5.58%
• Arm Holdings PLC ADR: 5.42%
• Ascendis Pharma AS: 5.39%
• Lottomatica Group Spa: 5.19%
• Andritz AG: 3.12%
• Rio Tinto PLC: 2.39%
*(Note: These are top holdings and may change over time.)*
What the numbers show
When looking at this ETF, it is important to understand the difference between "price return" and "total return." Price return only tracks how much the share price changes. Total return includes those price changes plus any cash distributions paid out.
Over the last year, the one-year price return was -0.91%. However, the one-year total return was 0.79%. This shows that while the share price dropped slightly, the total return was positive because of distributions.
Looking at longer periods:
• Year-to-Date (YTD): The price return is 0.72%, and the total return is 2.12%.
• Three-Year: The price return was 53.04%, while the total return was 61.59%.
If you had invested $10,000 based only on the share price, your investment would be worth approximately $9,909.38 today, based on the estimated price from roughly one year ago ($31.95) compared to the current price ($31.67).
Income and distribution explanation
FPXE has a distribution yield of 1.80%. This represents the cash distributions relative to the ETF's price. Over the last 12 months, there were 3 distributions. The frequency is described as "irregular" or "less frequent." While distributions provide cash, they are not the same as total return.
NAV erosion explanation
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.
Regarding price-based evidence, the ETF has an erosion-risk score of 94, which is labeled as "Stable / sideways." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.
Pros
• Strong long-term performance: The three-year total return has been 61.59%.
• Stable risk profile: The erosion-risk score suggests price stability.
• Diversification: The fund holds over 100 different assets.
Cons
• Irregular income: Distributions do not happen on a regular, predictable schedule.
• Recent price decline: The one-year price return was slightly negative.
Beginner takeaway
When researching FPXE, remember that a falling share price does not always mean you are losing money overall; the total return tells a fuller story by including distributions. Also, keep in mind that while this ETF provides some income, the payments are irregular rather than monthly or quarterly.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ROCHE HOLDING AG ORDINARY SHARES NEW | n/a | 6.83% |
| 2 | BAWAG GROUP AG ORDINARY SHARES | n/a | 6.63% |
| 3 | SWEDISH ORPHAN BIOVITRUM AB | n/a | 6.20% |
| 4 | TECHNOPROBE SPA | n/a | 6.14% |
| 5 | NORDNET AB (PUBL) ORDINARY SHARES | n/a | 5.58% |
| 6 | ARM HOLDINGS PLC ADR | ARM | 5.42% |
| 7 | ASCENDIS PHARMA AS | ASND | 5.39% |
| 8 | LOTTOMATICA GROUP SPA | n/a | 5.19% |
| 9 | ANDRITZ AG | n/a | 3.12% |
| 10 | RIO TINTO PLC ORDINARY SHARES | n/a | 2.39% |