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The Renaissance IPO ETF

The Smart Way to Invest in IPOs

Buy the US ETF
USA flag

TICKER

IPO

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 2.2 Years)

0.1%
overlap*

S&P 500

OLDER STOCKS
(Avg. Age 43 Years)

*By Weight, as of 01/01/2024

Key Information
as of 10/02/2024
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

as of 10/03/2024  DOWNLOAD  
# Holding
Name
Asset
Class
Ticker Sedol Shares Holding
Value
Weight
1 Kenvue Equity KVUE BQ84ZQ6 652,921 $14,775,602 10.06%
2 Arm Holdings Equity ARM BNSP5P7 103,630 $14,200,419 9.67%
3 Nu Holdings Equity NU BN6NP19 1,036,081 $13,696,991 9.32%
4 Kaspi.kz Equity KSPI BJY21K1 94,703 $10,263,911 6.99%
5 CAVA Group Equity CAVA BRBD9F4 80,226 $9,861,380 6.71%
6 Rivian Automotive Equity RIVN BL98841 875,033 $9,310,351 6.34%
7 Corebridge Financial Equity CRBG BMTX0G9 271,828 $7,687,296 5.23%
8 Instacart (Maplebear) Equity CART BN4L6W3 182,975 $7,218,364 4.91%
9 GitLab Equity GTLB BMTVT22 125,986 $6,328,277 4.31%
10 Nextracker Equity NXT BR1GTS6 152,212 $5,497,897 3.74%
11 TPG Equity TPG BNKBB55 89,340 $5,223,710 3.56%
12 HashiCorp Equity HCP BP0PQT0 149,997 $5,078,898 3.46%
13 Lineage Equity LINE BP5DSY8 65,519 $4,974,202 3.39%
14 GlobalFoundries Equity GFS BMW7F63 104,551 $4,169,494 2.84%
15 Viking Holdings Equity VIK BRDXKH1 110,440 $3,869,818 2.63%
16 Klaviyo Equity KVYO BN4JNC6 77,295 $2,685,228 1.83%
17 Braze Equity BRZE BPLQR66 69,579 $2,220,962 1.51%
18 UL Solutions Equity ULS BPW6WJ3 41,421 $2,039,156 1.39%
19 Birkenstock Holding Equity BIRK BS44BN3 41,762 $1,981,607 1.35%
20 Rubrik Equity RBRK BSLQK57 59,214 $1,858,727 1.27%
21 Reddit Equity RDDT BMVNLY2 26,958 $1,827,213 1.24%
22 Informatica Equity INFA BMG95P4 68,785 $1,654,967 1.13%
23 PACS Group Equity PACS BPW6WD7 41,676 $1,620,363 1.10%
24 Fluence Energy Equity FLNC BMXC0N9 64,250 $1,403,863 0.96%
25 Mobileye Global Equity MBLY BLFH8G4 94,550 $1,255,624 0.85%
26 Astera Labs Equity ALAB BMTQ7V2 23,425 $1,183,900 0.81%
27 Amer Sports Equity AS BN6TZY0 61,876 $1,025,285 0.70%
28 OneStream Equity OS BSWW173 30,022 $986,523 0.67%
29 Loar Holdings Equity LOAR BLDCK32 11,231 $822,334 0.56%
30 Bausch + Lomb Equity BLCO BPLQ636 42,946 $818,551 0.56%
31 ZEEKR Intelligent Technology Holding Equity ZK BS561Z0 22,376 $580,657 0.40%
32 Tempus AI Equity TEM BSLSJJ0 11,030 $565,288 0.38%
33 Cash/Other Cash $202,997 0.14%
SHOW ALL SHOW LESS

Market Cap Distribution

as of 10/02/2024

Sector Breakdown

as of 10/02/2024

SECTOR WEIGHT (%)
Financials 32.1 %
Technology 29.6 %
Consumer Discretionary 23.0 %
Consumer Staples 10.1 %
Industrials 6.6 %
Real Estate 3.4 %
Health Care 2.0 %
Daily Performance as of 10/02/2024 Closing Value Daily Change Percent Change 30-Day Median Bid Ask Spread
Market Price $41.95 -$0.01 -0.02% 0.09%
NAV $41.97 $0.03 0.08%

Renaissance IPO ETF Fund Performance

Performance History

At Month End
As of 09/30/24 Market Price NAV
1M 2.68% 2.58%
YTD 13.76% 13.73%
1yr 34.18% 34.12%
3yr -12.63% -12.65%
5yr 8.87% 8.84%
Inception 7.66% 7.65%

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

At Quarter End
As of 09/30/24 Market Price NAV
QTR 6.40% 6.20%
YTD 13.76% 13.73%
1yr 34.18% 34.12%
3yr -12.63% -12.65%
5yr 8.87% 8.84%
Inception 7.66% 7.65%

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