---
ticker: "FPXE"
name: "First Trust IPOX Europe Equity Opportunities ETF"
url: "https://etf.net/etf/FPXE"
grade: "C"
score: 40
graded_at: "2026-10-12"
category: "IPO & Spin-Off"
category_rank: "5 of 8"
methodology: "https://etf.net/methodology"
---

# FPXE: First Trust IPOX Europe Equity Opportunities ETF

Grade **C**, Score 40 of 100. Rank 5 of 8 in IPO & Spin-Off.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 47 | 4 of 8 |
| Mission | Not scored | — |
| Risk | 62 | 1 of 8 |
| Tradability | 17 | 8 of 8 |
| Holdings | 52 | 5 of 7 |
| Durability | 32 | 7 of 8 |

## Top holdings

The fund holds 103 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | TPRO.MI | Technoprobe SpA | 7.06% |
| 2 | ROP.SW | Roche Holding AG | 7.03% |
| 3 | BG.VI | BAWAG Group AG | 6.36% |
| 4 | SOBI.ST | Swedish Orphan Biovitrum AB | 6.18% |
| 5 | SAVE.ST | Nordnet AB (publ) | 5.82% |
| 6 | ASND | Ascendis Pharma A/S | 5.51% |
| 7 | LTMC.MI | Lottomatica Group SpA | 4.74% |
| 8 | ARM | Arm Holdings Plc | 4.59% |
| 9 | ANDR.VI | Andritz AG | 3.06% |
| 10 | RIO.L | Rio Tinto Plc | 2.48% |
| 11 | SDZ.SW | Sandoz Group AG | 2.38% |
| 12 | NE | Noble Corp Plc | 2.18% |
| 13 | BAMI.MI | Banco BPM SpA | 2.02% |
| 14 | BP | BP Plc (ADR) | 1.95% |
| 15 | CMBT | Cmb.tech N.v. | 1.84% |
| 16 | PRY.MI | Prysmian SpA | 1.68% |
| 17 | OPTIMA.AT | Optima Bank SA | 1.67% |
| 18 | BGN.MI | Banca Generali SpA | 1.64% |
| 19 | GALD.SW | Galderma Group AG | 1.52% |
| 20 | GSK | GSK plc (ADR) | 1.52% |
| 21 | MICC.AS | The Magnum Ice Cream Company N.V. | 1.36% |
| 22 | VIK | Viking Holdings Ltd | 1.18% |
| 23 | SPNT | SiriusPoint Ltd. | 1.17% |
| 24 | VAR.OL | Var Energi ASA | 1.12% |
| 25 | P911.DE | Dr. Ing. h.c. F. Porsche AG | 1.03% |
| 26 | VOD.L | Vodafone Group Plc | 1.02% |
| 27 | ACLN.SW | Accelleron Industries AG | 0.97% |
| 28 | VALT.L | Valterra Platinum Limited | 0.94% |
| 29 | UCB.BR | Ucb S.a. | 0.89% |
| 30 | MNG.L | M&G Plc | 0.86% |

Source: etf.net, https://etf.net/etf/FPXE. Please cite the page URL.