US IPO ETF - Renaissance Capital ETFs (2024)

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The Smart Way to Invest in IPOs

Buy the US ETF

TICKER

IPO

LISTED

NYSE

Reasons to Invest in our US IPO ETF

ACCESS

New Technologies

Invest in innovative companies after the most important fundraising event in their history.

DIVERSIFY

with New Stocks

Diversify your portfolio.
Minimize single IPO risk.

INVEST

Before the Mainstream

Get in before they're household names.

The IPO ETF has NO Overlap with S&P 500 ETFs

The IPO ETF only contains NEW STOCKS

IPO ETF

NEW STOCKS ONLY
(Avg. Age 1.3 Years)

0%
overlap*

S&P 500 ETFs

OLDER STOCKS
(Avg. Age 42 Years)

*By Weight, as of 01/01/2023

Key Information

as of 02/28/2023

Ticker	IPO
Expense Ratio	0.60%
Type	Passive Equity ETF
Inception Date	10/16/2013
Fact Sheet	VIEW

ETF Summary

The Renaissance IPO ETF (ticker: IPO) seeks to provide investors with the largest, most liquid US-listed newly public company stocks in one security, reducing the risk of single-stock ownership while avoiding overlap with major core indices for optimal diversification across markets and time. Launched in 2013, it is the only ETF focusing exclusively on the US IPO market.

ETF Description

The Renaissance IPO ETF (ticker: IPO) is a transparent rules-based ETF that tracks as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index. Each quarter the ETF is rebalanced as new IPOs are included and older constituents cycle out three years after their IPO. Constituents are weighted by float-adjusted market capitalization with a cap imposed on any weightings exceeding 10%.

Trading Details

Options Available	Yes
CUSIP	759937204
ISIN	US 759937204 9
SEDOL	BFRB2P9
Distribution Frequency	Quarterly
Distribution History	VIEW
Index Ground Rules	VIEW

Service Providers

Advisor	Renaissance Capital LLC
Primary Exchange	NYSE Arca
Fund Administrator	State Street
Fund Distributor	Foreside Fund Services
IPO Index Calculator	FTSE

Holdings

as of 03/01/2023 DOWNLOAD

#	Holding Name	Asset Class	Ticker	Sedol	Holding Value	Weight
1	Airbnb	Equity	ABNB	BMGYYH4	$16,460,346	11.66%
2	Snowflake	Equity	SNOW	BN134B7	$14,162,667	10.04%
3	Coupang	Equity	CPNG	BNYHDF3	$5,542,545	3.93%
4	Palantir Technologies	Equity	PLTR	BN78DQ4	$5,123,808	3.63%
5	DoorDash	Equity	DASH	BN13P03	$4,853,316	3.44%
6	Royalty Pharma	Equity	RPRX	BMVP7Y0	$4,738,187	3.36%
7	Roblox	Equity	RBLX	BMWBC20	$4,724,765	3.35%
8	Li Auto	Equity	LI	BMXHCD8	$4,406,618	3.12%
9	KE Holdings	Equity	BEKE	BMBX7M2	$4,153,919	2.94%
10	Coinbase Global	Equity	COIN	BMC9P69	$3,671,323	2.60%
11	Nu Holdings	Equity	NU	BN6NP19	$3,650,815	2.59%
12	Rivian Automotive	Equity	RIVN	BL98841	$3,562,664	2.52%
13	Unity Software	Equity	U	BLFDXH8	$2,680,455	1.90%
14	Bentley Systems	Equity	BSY	BMC1PR6	$2,419,872	1.71%
15	ZoomInfo Technologies	Equity	ZI	BMWF095	$2,358,243	1.67%
16	Robinhood Markets	Equity	HOOD	BP0TQN6	$2,005,642	1.42%
17	UiPath	Equity	PATH	BMD02L5	$1,982,743	1.40%
18	Procore Technologies	Equity	PCOR	BLH11J8	$1,686,205	1.19%
19	Xpeng	Equity	XPEV	BMXR2T4	$1,663,152	1.18%
20	GFL Environmental	Equity	GFL	BKDT650	$1,630,019	1.15%
21	Academy Sports and Outdoors	Equity	ASO	BN7K304	$1,614,677	1.14%
22	On Holding	Equity	ONON	BPF0FP9	$1,606,701	1.14%
23	Full Truck Alliance	Equity	YMM	BMD2L36	$1,584,492	1.12%
24	GlobalFoundries	Equity	GFS	BMW7F63	$1,466,948	1.04%
25	Oak Street Health	Equity	OSH	BN2XDL9	$1,456,462	1.03%
26	agilon health	Equity	AGL	BLR4TK4	$1,418,737	1.01%
27	Doximity	Equity	DOCS	BMD22Y4	$1,331,412	0.94%
28	Ryan Specialty Holdings	Equity	RYAN	BNXKSK3	$1,242,077	0.88%
29	Shoals Technologies Group	Equity	SHLS	BMDJ085	$1,191,908	0.84%
30	Albertsons Companies	Equity	ACI	BYNQ369	$1,184,391	0.84%
31	Shift4 Payments	Equity	FOUR	BLF0L75	$1,150,745	0.82%
32	SentinelOne	Equity	S	BP7L1B8	$1,078,877	0.76%
33	Confluent	Equity	CFLT	BNXH3Z4	$1,070,916	0.76%
34	Dun & Bradstreet Holdings	Equity	DNB	BLF9ZT2	$1,063,758	0.75%
35	Affirm Holdings	Equity	AFRM	BMF9NM8	$1,045,226	0.74%
36	AppLovin	Equity	APP	BMV3LG4	$1,042,605	0.74%
37	Vaxcyte	Equity	PCVX	BKPVGH6	$1,033,345	0.73%
38	Allegro MicroSystems	Equity	ALGM	BN4LSB6	$1,020,583	0.72%
39	Endeavor Group Holdings	Equity	EDR	BJQ05Y5	$1,012,071	0.72%
40	Kanzhun	Equity	BZ	BM91SH0	$960,268	0.68%
41	Inari Medical	Equity	NARI	BLDRF10	$954,620	0.68%
42	Legend Biotech	Equity	LEGN	BMX9K07	$899,309	0.64%
43	Beam Therapeutics	Equity	BEAM	BK6L288	$898,117	0.64%
44	Marqeta	Equity	MQ	BN0TQD2	$884,558	0.63%
45	Signify Health	Equity	SGFY	BMD8TD0	$822,876	0.58%
46	Global-E Online	Equity	GLBE	BN770J3	$813,908	0.58%
47	DigitalOcean	Equity	DOCN	BNC23Q1	$781,367	0.55%
48	GitLab	Equity	GTLB	BMTVT22	$759,646	0.54%
49	Duolingo	Equity	DUOL	BMCM6P4	$748,382	0.53%
50	Qualtrics International	Equity	XM	BM9PJH9	$743,025	0.53%
51	Bumble	Equity	BMBL	BMZ2WT7	$730,889	0.52%
52	TPG	Equity	TPG	BNKBB55	$718,218	0.51%
53	ZIM Integrated Shipping Services	Equity	ZIM	BLC90J0	$681,148	0.48%
54	DoubleVerify Holdings	Equity	DV	BMDX9Z7	$678,134	0.48%
55	Clear Secure	Equity	YOU	BLD30T1	$669,702	0.47%
56	Mobileye Global	Equity	MBLY	BLFH8G4	$657,170	0.47%
57	monday.com	Equity	MNDY	BMHRYX8	$656,168	0.46%
58	Driven Brands Holdings	Equity	DRVN	BL0P090	$612,597	0.43%
59	Core & Main	Equity	CNM	BNXKS92	$583,612	0.41%
60	Corebridge Financial	Equity	CRBG	BMTX0G9	$570,487	0.40%
61	Maravai LifeSciences	Equity	MRVI	BMCWKZ2	$569,940	0.40%
62	dLocal	Equity	DLO	BKVF490	$545,878	0.39%
63	Braze	Equity	BRZE	BPLQR66	$529,698	0.38%
64	Reynolds Consumer Products	Equity	REYN	BKV9674	$524,570	0.37%
65	Lufax Holding	Equity	LU	BNDK6G5	$521,733	0.37%
66	Freshworks	Equity	FRSH	BPF0BB7	$516,984	0.37%
67	Paycor HCM	Equity	PYCR	BNLYJ59	$476,525	0.34%
68	Privia Health Group	Equity	PRVA	BMDP209	$445,176	0.32%
69	Harmony Biosciences Holdings	Equity	HRMY	BKSGZN7	$403,447	0.29%
70	Dutch Bros	Equity	BROS	BMWP7H2	$397,665	0.28%
71	Asana	Equity	ASAN	BLFDQC4	$378,683	0.27%
72	HashiCorp	Equity	HCP	BP0PQT0	$365,029	0.26%
73	PowerSchool Holdings	Equity	PWSC	BMGTPK9	$363,964	0.26%
74	Playtika Holding	Equity	PLTK	BNRQKQ7	$302,285	0.21%
75	Sportradar Group	Equity	SRAD	BMGSDH9	$289,993	0.21%
76	Petco Health and Wellness	Equity	WOOF	BNRQM83	$288,225	0.20%
77	Enact Holdings	Equity	ACT	BNZFTG9	$251,594	0.18%
78	Informatica	Equity	INFA	BMG95P4	$219,334	0.16%
79	Thoughtworks Holding	Equity	TWKS	BMYR6Y6	$218,283	0.15%
80	Olaplex Holdings	Equity	OLPX	BNKJ933	$209,184	0.15%
81	Bausch + Lomb	Equity	BLCO	BPLQ636	$208,234	0.15%
82	Hertz Global Holdings	Equity	HTZ	BNM5672	$204,387	0.14%
83	ProFrac Holding	Equity	ACDC	BPCJW03	$153,346	0.11%
84	Instructure Holdings	Equity	INST	BNXH3T8	$151,193	0.11%
85	AbCellera Biologics	Equity	ABCL	BL53SR3	$72,307	0.05%
86	Ozon Holdings	Equity	OZON	BN10NX3	$134	0.00%
87	Cash/Other	Cash				$1,604,394	1.14%

SHOW ALL SHOW LESS

Market Cap Distribution

as of 03/01/2023

Sector Breakdown

as of 03/01/2023

SECTOR	WEIGHT (%)
Technology	47.8 %
Consumer Discretionary	13.5 %
Financials	10.9 %
Health Care	9.9 %
Communication Services	8.2 %
Industrials	3.9 %
Real Estate	3.1 %
Consumer Staples	1.4 %
Energy	0.1 %

Daily Performance as of 02/28/2023	Closing Value	Daily Change	Percent Change	30-Day Median Bid Ask Spread
Market Price	$28.23	$0.20	0.71%	0.10%
NAV	$28.23	$0.21	0.74%

View Premium Discount Chart and Detailed History

IPO ETF Fund Documents

Fact Sheet

Summary Prospectus

Index Updates

Index Ground Rules

IPO Strategy - Investment Case

View All

Renaissance IPO ETF Fund Performance

Performance History

At Month End
As of 02/28/23	Market Price	NAV
1M	-1.47%	-1.42%
YTD	14.20%	14.07%
1yr	-38.48%	-38.47%
3yr	-3.58%	-3.64%
5yr	0.15%	0.14%
Inception	4.26%	4.25%

Inception date is Ocobter 14th, 2013. Returns greater than one year are annualized.

At Quarter End
As of 12/31/22	Market Price	NAV
QTR	-12.90%	-12.83%
YTD	-57.28%	-57.24%
1yr	-57.28%	-57.24%
3yr	-7.33%	-7.30%
5yr	-2.37%	-2.34%
Inception	2.84%	2.85%

Inception date is Ocobter 14th, 2013. Returns greater than one year are annualized.

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