First Trust US Equity Opportunities ETF (FPX)

First Trust US Equity Opportunities ETF (FPX) is an exchange-traded fund in the Mid Cap Growth category. It has $1.67B in assets, an expense ratio of 0.57% and a 0.41% dividend yield. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index seeks to measure the performance of equity securities of the 100 typically largest and most liquid initial public offerings ("IPOs") (including spin-offs and equity carve-outs) of U.S. companies. It is non-diversified.