FPXI: FIRST TRUST INTERNATIONAL EQUITY OPPORTUNITIES ETF
What this ETF is trying to do
The First Trust International Equity Opportunities ETF (FPXI) is designed to provide investors with exposure to international stocks. It holds a variety of companies from outside the United States. As of October 7, 2026, the fund holds a partial list of 56 different holdings.
Top Holdings
The portfolio is spread across many companies, but the largest include:
• Advantest Corp: 12.02%
• Contemporary Amperex Technology Co Ltd: 7.96%
• Kioxia Holdings Corp: 6.81%
• Rio Tinto PLC ADR: 5.06%
• Siemens Energy AG: 4.71%
What the numbers show
As of October 6, 2026, the share price of FPXI is $69.67.
When looking at performance, it is important to distinguish between price return (the change in the share price) and total return (which includes the share price change plus distributions).
• Year-to-Date (YTD): The price return is 17.81%, while the total return is 18.79%.
• One Year: The price return is 12.39%, and the total return is 13.45%.
• Three Year: The price return is 80.45%, and the total return is 85.36%.
For a simple example, if you had invested $10,000 exactly one year ago at the estimated price of $61.99, the price-only increase of 12.39% would mean your investment grew to approximately $11,239 based on the share price alone.
Income and distribution explanation
FPXI pays out cash to investors, known as distributions. It usually does this quarterly and has made 4 payouts in the last 12 months.
The distribution yield is 0.99%. This is the amount of cash paid out relative to the share price. It is important for beginners to know that a high yield alone can be misleading; it does not guarantee that the total investment is growing or that the original money invested (the principal) is safe.
NAV erosion explanation
"NAV erosion" happens when the underlying value of an ETF's assets declines over time, often causing the share price to drop even if the fund pays high distributions.
For FPXI, the erosion-risk score is 100, and the label states "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.
Pros
• Strong three-year total return of 85.36%.
• No detected price erosion according to the erosion-risk score.
• Provides a way to own a diversified group of international companies.
Cons
• The distribution yield is relatively low at 0.99%.
• International investments can be subject to different market risks than domestic ones.
Beginner takeaway
FPXI is an international stock fund that has seen significant price growth over the last three years. While it provides some cash income through quarterly distributions, its primary movement has been in its share price. It currently shows a healthy erosion-risk score, meaning the price has not shown the patterns typically associated with NAV erosion.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ADVANTEST CORP | n/a | 12.02% |
| 2 | CONTEMPORARY AMPEREX TECHNOLOGY CO LTD ORDINARY SHARES CLASS H | n/a | 7.96% |
| 3 | KIOXIA HOLDINGS CORP ORDINARY SHARES | n/a | 6.81% |
| 4 | RIO TINTO PLC ADR | RIO | 5.06% |
| 5 | SIEMENS ENERGY AG ORDINARY SHARES | n/a | 4.71% |
| 6 | ARM HOLDINGS PLC ADR | ARM | 4.40% |
| 7 | CAIXA SEGURIDADE PARTICIPACOES SA | n/a | 3.20% |
| 8 | SANDOZ GROUP AG REGISTERED SHARES | n/a | 3.09% |
| 9 | VIKING HOLDINGS LTD | VIK | 2.73% |
| 10 | HOCHTIEF AG | n/a | 2.60% |