The Renaissance IPO ETF
The Smart Way to Invest in IPOs
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
Get exposure to multiple IPO stocks in one trade.
INVEST
Before the Mainstream
Get in early on large newly-traded companies.
The IPO ETF has almost NO Overlap with the S&P 500
The IPO ETF only contains NEW STOCKS
IPO ETF
NEW STOCKS ONLY
(Avg. Age 1.3 Years)
overlap*
S&P 500
OLDER STOCKS
(Avg. Age 43 Years)
*By Weight, as of 01/01/2025
Key Information
as of 01/17/2025| Ticker | IPO |
| Expense Ratio | 0.60% |
| Type | Passive Equity ETF |
| Inception Date | 10/14/2013 |
| 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
| # | Holding Name |
Asset Class |
Ticker | Sedol | Shares | Holding Value |
Weight |
|---|---|---|---|---|---|---|---|
| 1 | Arm Holdings | Equity | ARM | BNSP5P7 | 105,802 | $15,792,007 | 9.81% |
| 2 | Kenvue | Equity | KVUE | BQ84ZQ6 | 723,592 | $15,267,791 | 9.48% |
| 3 | Astera Labs | Equity | ALAB | BMTQ7V2 | 114,276 | $15,232,991 | 9.46% |
| 4 | Credo Technology Group Holding | Equity | CRDO | BLD13F2 | 142,849 | $11,430,777 | 7.10% |
| 5 | CAVA Group | Equity | CAVA | BRBD9F4 | 76,422 | $9,035,373 | 5.61% |
| 6 | Kaspi.kz | Equity | KSPI | BJY21K1 | 90,311 | $8,387,183 | 5.21% |
| 7 | Corebridge Financial | Equity | CRBG | BMTX0G9 | 235,664 | $7,529,465 | 4.68% |
| 8 | Instacart (Maplebear) | Equity | CART | BN4L6W3 | 153,189 | $7,095,714 | 4.41% |
| 9 | Nextracker | Equity | NXT | BR1GTS6 | 159,779 | $7,060,634 | 4.39% |
| 10 | TPG | Equity | TPG | BNKBB55 | 87,914 | $5,892,875 | 3.66% |
| 11 | Viking Holdings | Equity | VIK | BRDXKH1 | 121,547 | $5,799,007 | 3.60% |
| 12 | Equity | RDDT | BMVNLY2 | 31,236 | $5,476,608 | 3.40% | |
| 13 | Rubrik | Equity | RBRK | BSLQK57 | 72,775 | $4,941,423 | 3.07% |
| 14 | Klaviyo | Equity | KVYO | BN4JNC6 | 122,646 | $4,927,916 | 3.06% |
| 15 | Birkenstock Holding | Equity | BIRK | BS44BN3 | 82,190 | $4,925,647 | 3.06% |
| 16 | Lineage | Equity | LINE | BP5DSY8 | 83,446 | $4,854,888 | 3.02% |
| 17 | Loar Holdings | Equity | LOAR | BLDCK32 | 58,275 | $4,597,898 | 2.86% |
| 18 | UL Solutions | Equity | ULS | BPW6WJ3 | 87,609 | $4,551,288 | 2.83% |
| 19 | Amer Sports | Equity | AS | BN6TZY0 | 135,697 | $4,038,343 | 2.51% |
| 20 | StandardAero | Equity | SARO | BQPDNZ1 | 161,238 | $3,972,904 | 2.47% |
| 21 | Mobileye Global | Equity | MBLY | BLFH8G4 | 207,355 | $3,321,827 | 2.06% |
| 22 | OneStream | Equity | OS | BSWW173 | 100,890 | $2,889,490 | 1.79% |
| 23 | Bausch + Lomb | Equity | BLCO | BPLQ636 | 94,182 | $1,635,000 | 1.02% |
| 24 | ZEEKR Intelligent Technology Holding | Equity | ZK | BS561Z0 | 49,697 | $1,266,777 | 0.79% |
| 25 | Tempus AI | Equity | TEM | BSLSJJ0 | 24,757 | $870,209 | 0.54% |
| 26 | Cash/Other | Cash | $194,291 | 0.12% |
Market Cap Distribution
as of 01/17/2025
Sector Breakdown
as of 01/17/2025
| SECTOR | WEIGHT (%) |
|---|---|
| Technology | 39.8 % |
| Consumer Discretionary | 20.0 % |
| Financials | 18.8 % |
| Industrials | 12.5 % |
| Consumer Staples | 9.5 % |
| Real Estate | 3.0 % |
| Health Care | 1.6 % |
| Daily Performance as of 01/17/2025 | Closing Value | Daily Change | Percent Change | 30-Day Median Bid Ask Spread |
|---|---|---|---|---|
| Market Price | $45.97 | $0.55 | 1.19% | 0.14% |
| NAV | $46.00 | $0.59 | 1.29% |
IPO ETF Fund Documents
Renaissance IPO ETF Fund Performance
Performance History
| As of 12/31/24 | Market Price | NAV |
|---|---|---|
| 1M | -5.36% | -5.25% |
| YTD | 15.67% | 15.80% |
| 1yr | 15.67% | 15.80% |
| 3yr | -8.99% | -8.97% |
| 5yr | 7.03% | 7.04% |
| Inception | 7.64% | 7.65% |
Inception date is October 14th, 2013. Returns greater than one year are annualized.
| As of 12/31/24 | Market Price | NAV |
|---|---|---|
| QTR | 1.69% | 1.82% |
| YTD | 15.67% | 15.80% |
| 1yr | 15.67% | 15.80% |
| 3yr | -8.99% | -8.97% |
| 5yr | 7.03% | 7.04% |
| Inception | 7.64% | 7.65% |
Inception date is October 14th, 2013. Returns greater than one year are annualized.
US IPO ETF Investments
Exchange-Traded Funds (ETFs) have become a cornerstone of modern investing due to their versatility, cost efficiency, and accessibility. For investors looking to capitalize on emerging companies and high-growth opportunities, the Renaissance Capital US IPO ETF offers a targeted approach to investing in newly public companies (within the first 3 years of going public), providing exposure to IPOs that often drive market innovation and returns.
Below, we highlight the key investing ideas made possible by ETFs like ours and address some of the most common questions about how ETFs work and their benefits.
Top ETF Investing Ideas
-
Diversified Exposure to a Specific Sector or Theme
- The Renaissance Capital US IPO ETF provides investors access to a carefully curated basket of U.S.-listed IPOs. This allows you to participate in the early performance of companies that have recently gone public without having to pick individual stocks.
- Benefit: Get exposure to multiple IPO stocks in one trade.
-
Access New Technologies
- Invest in innovative companies after the most important fundraising event in their history.
- Benefit: Invest in cutting-edge technologies such as AI and Quantum Computing.
-
Invest before the Mainstream
- Get in early on large newly-traded companies.
- Benefit: Get in early on large newly-traded companies.
-
Liquidity and Flexibility
- Like stocks, ETFs trade throughout the day on major exchanges, providing investors with liquidity and the ability to react to market news in real time.
- Benefit: Flexibility to buy and sell as opportunities arise, which is especially useful during IPO windows of volatility.
Common Questions About ETFs
-
What is an ETF, and how does it work?
An Exchange-Traded Fund (ETF) is a type of investment fund that holds a collection of stocks, bonds, or other securities and trades on an exchange like a stock. Investors can buy and sell shares of the ETF throughout the day at market prices, providing liquidity and flexibility.
-
How is an IPO-focused ETF different from other ETFs?
An IPO-focused ETF, like the Renaissance Capital US IPO ETF, specifically tracks companies that have gone public in the last 3 years. This offers targeted exposure to emerging businesses poised for growth, rather than broader market indexes.
-
Are ETFs better than mutual funds?
ETFs have advantages like intraday trading, lower expense ratios, and greater tax efficiency. Mutual funds, on the other hand, are priced once per day and may have higher fees.
-
Can ETFs be part of a diversified investment strategy?
Yes, ETFs are an excellent way to diversify across sectors, themes, and market trends. For instance, combining an IPO ETF with other sector ETFs helps diversify your portfolio while capturing growth opportunities.
-
Are ETFs suitable for long-term or short-term investing?
Both! ETFs provide flexibility for short-term tactical moves while also serving as strong vehicles for long-term investing.