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The Renaissance International IPO ETF

The Smart Way to Invest in IPOs

Buy the Int'l ETF
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TICKER

IPOS

IPOS
LISTED
NYSE

Reasons to Invest in our International IPO ETF

ACCESS
New Technologies

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

DIVERSIFY
with New Stocks

Get exposure to multiple IPO stocks in one trade.

INVEST
Before the Mainstream

Get in early on large newly-traded companies.

The International IPO ETF has Negligible Overlap with the ACWI ETF

International IPO ETF

NEW STOCKS ONLY

0.1%
overlap*

MSCI ACWI ex-US ETFs

OLDER STOCKS

*By Weight, as of 01/01/2024

Key Information
as of 02/04/2025
Ticker IPOS
Expense Ratio 0.80%
Type Passive Equity ETF
Inception Date 10/06/2014
Fact Sheet VIEW
ETF Summary

The Renaissance International IPO ETF (ticker: IPOS) seeks to provide investors with the largest, most liquid internationally 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 2014, it is the only ETF focusing exclusively on the international IPO market.

ETF Description

The Renaissance International IPO ETF (ticker: IPOS) is a transparent rules-based ETF that tracks as closely as possible, before fees and expenses, the price and yield performance of the Renaissance International 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 759937303
ISIN US 759937303 9
SEDOL BQZJ3F9
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 02/05/2025  DOWNLOAD  
# Holding
Name
Listing
Country
Asset
Class
Ticker Sedol Shares Holding
Value
Weight
1 Galderma Switzerland Equity GALD BRC2T72 3,680 $472,989 11.97%
2 Porsche AG Germany Equity P911 BJN59B8 5,687 $354,374 8.97%
3 J&T Global Express Hong Kong Equity 1519 BRBTW19 341,000 $286,391 7.25%
4 Amman Mineral Internasional Indonesia Equity AMMN BRK2Z98 624,700 $263,716 6.67%
5 CVC Capital Partners Netherlands Equity CVC BRX9808 10,553 $251,199 6.36%
6 SenseTime Hong Kong Equity 20 BPK3C96 947,858 $210,580 5.33%
7 GoTo Gojek Tokopedia Indonesia Equity GOTO BQ3R601 38,501,287 $204,932 5.18%
8 Midea Group Hong Kong Equity 300 BQB7ZL7 15,800 $152,176 3.85%
9 Tokyo Metro Japan Equity 9023 BQTY1X4 13,600 $151,557 3.83%
10 Zhejiang Leapmotor Technology Hong Kong Equity 9863 BJLVDM7 34,637 $149,009 3.77%
11 Var Energi Norway Equity VAR BPLF0Y2 44,074 $137,215 3.47%
12 Rakuten Bank Japan Equity 5838 BRPTWP9 4,500 $135,069 3.42%
13 Lottomatica Group Italy Equity LTMC BMXPBZ7 8,071 $126,738 3.21%
14 Socionext Japan Equity 6526 BMTVX75 8,500 $118,693 3.00%
15 Kokusai Electric Japan Equity 6525 BNGHNG2 6,700 $108,434 2.74%
16 Puig Brands Spain Equity PUIG BNTCFW4 5,601 $106,450 2.69%
17 Zabka Group Poland Equity ZAB BRXWDB3 17,306 $98,992 2.50%
18 SBI Sumishin Net Bank Japan Equity 7163 BN90R55 2,400 $72,192 1.83%
19 Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret Turkey Equity ASTOR BMHB9P7 15,973 $53,077 1.34%
20 Laopu Gold Hong Kong Equity 6181 BS854D3 900 $52,056 1.32%
21 SCHOTT Pharma Germany Equity 1SXP BRJ9MM2 1,999 $47,625 1.20%
22 Onewo Hong Kong Equity 2602 BPJPDT0 16,700 $47,181 1.19%
23 Thai Life Insurance Thailand Equity TLI BMH11X9 143,821 $45,917 1.16%
24 Sichuan Kelun-Biotech Biopharmaceutical Hong Kong Equity 6990 BPXZ192 2,100 $42,609 1.08%
25 Ionos Group Germany Equity IOS BPRD664 1,634 $41,407 1.05%
26 Springer Nature Germany Equity SPG BB22LL8 1,538 $41,274 1.04%
27 China Tourism Group Duty Free Hong Kong Equity 1880 BLB6P53 6,300 $39,400 1.00%
28 Horizon Robotics Hong Kong Equity 9660 BS5YNY7 63,000 $37,539 0.95%
29 ZJLD Group Hong Kong Equity 6979 BP6G9P4 29,400 $24,692 0.62%
30 Trimegah Bangun Persada Indonesia Equity NCKL BP69061 459,400 $19,393 0.49%
31 Tianqi Lithium Hong Kong Equity 9696 BMZ3RS4 6,000 $17,491 0.44%
32 WuXi XDC Cayman Hong Kong Equity 2268 BQHNQ38 4,500 $16,441 0.42%
33 Pertamina Geothermal Energy Indonesia Equity PGEO BN4DH26 238,900 $13,301 0.34%
34 JL Mag Rare-Earth Hong Kong Equity 6680 BNXFSW0 7,246 $8,654 0.22%
35 Cash/Other Cash $3,765 0.10%
SHOW ALL SHOW LESS

Country Distribution

as of 02/04/2025

Sector Breakdown

as of 02/04/2025

SECTOR WEIGHT (%)
Consumer Discretionary 29.8 %
Consumer Staples 15.3 %
Technology 13.1 %
Financials 12.8 %
Industrials 12.4 %
Materials 9.0 %
Energy 3.5 %
Health Care 1.5 %
Real Estate 1.2 %
Communication Services 1.0 %
Utilities 0.3 %
Daily Performance as of 02/04/2025 Closing Value Daily Change Percent Change 30-Day Median Bid Ask Spread
Market Price $13.15 $0.30 2.30% 0.46%
NAV $13.18 $0.29 2.18%

Renaissance International IPO ETF Fund Performance

Performance History

At Month End
As of 01/31/25 Market Price NAV
1M 6.47% 4.98%
YTD 6.47% 4.98%
1yr 4.81% 5.17%
3yr -16.46% -16.15%
5yr -11.58% -11.52%
Inception -2.99% -2.93%

Inception date is October 6th, 2014. Returns greater than one year are annualized.

At Quarter End
As of 12/31/24 Market Price NAV
QTR -7.45% -6.65%
YTD -12.35% -10.46%
1yr -12.35% -10.46%
3yr -21.33% -20.96%
5yr -12.58% -12.21%
Inception -3.61% -3.41%

Inception date is October 6th, 2014. Returns greater than one year are annualized.

International IPO ETF Investments

Exchange-Traded Funds (ETFs) are one of the most versatile tools for modern investors, offering access to diversified portfolios, global opportunities, and cost-efficient strategies. For those looking to capitalize on newly public companies outside the U.S., the Renaissance Capital International IPO ETF provides targeted exposure to global IPOs across developed and emerging markets (within the first 3 years of going public).

Below, we explore the investing ideas enabled by ETFs like ours and address common questions about ETFs, particularly for investors seeking international diversification.


Top ETF Investing Ideas

    • The Renaissance Capital International IPO ETF provides access to a portfolio of recently listed IPOs from markets worldwide. By investing globally, you gain exposure to innovative and fast-growing companies in Europe, Asia, Latin America, and beyond.
    • Benefit: Diversify your portfolio geographically, reducing the risk tied to any single market.
    • Many of the most dynamic and rapidly growing companies go public in emerging markets, where innovation and economic expansion often drive significant opportunity. This ETF allows investors to tap into growth stories they might otherwise miss.
    • Benefit: Capture opportunities in high-growth markets with reduced effort and research.
    • Newly public companies often represent market disruptors and innovators across technology, healthcare, energy, and consumer industries. This ETF offers thematic exposure to cutting-edge companies from around the globe.
    • Benefit: Gain access to companies at the forefront of global innovation and growth.
    • Investing internationally through an ETF helps hedge risks tied to U.S.-centric portfolios, providing both market and currency diversification. This can add resilience during domestic market downturns.
    • Benefit: Broaden your portfolio with global assets to improve diversification.
    • Investing in international IPOs individually can be complex and costly. The Renaissance Capital International IPO ETF simplifies this process, giving you exposure to a carefully selected basket of international companies with one investment.
    • Benefit: Access global IPOs without high fees or navigating foreign markets on your own.

Common Questions About ETFs and International Investing

  1. An Exchange-Traded Fund (ETF) is a type of investment fund that holds a basket of securities and trades on an exchange like a stock. International ETFs simplify global investing, offering exposure to foreign markets without the complexities of buying individual stocks abroad.

  2. An international IPO ETF, such as the Renaissance Capital International IPO ETF, focuses on companies that have recently gone public at non-US exchanges over the last 3 years. This allows investors to tap into emerging and developed market growth while maintaining diversified exposure.

  3. While international markets can carry currency, political, or economic risks, diversification across multiple regions and sectors helps diversify these risks. An ETF spreads risk across numerous companies and markets.

  4. Investing internationally allows exposure to different currencies, which can act as a hedge against a weakening U.S. dollar or inflation, while also providing new growth opportunities in other economies.

  5. ETF holdings are typically published daily, providing full transparency into which companies are included in the portfolio. Investors can easily track performance and changes.