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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 1.3 Years)

0.1%
overlap*

S&P 500

OLDER STOCKS
(Avg. Age 43 Years)

*By Weight, as of 01/01/2026

Key Information
as of 06/24/2026
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 06/25/2026  DOWNLOAD  
# Holding
Name		 Asset
Class		 Ticker Sedol Shares Holding
Value		 Weight
1 Astera Labs Equity ALAB BMTQ7V2 46,255 $18,498,300 10.71%
2 CoreWeave Equity CRWV BTTRKN7 168,892 $17,037,825 9.87%
3 Arm Holdings Equity ARM BNSP5P7 44,595 $16,013,173 9.28%
4 Reddit Equity RDDT BMVNLY2 68,056 $10,937,960 6.34%
5 Viking Holdings Equity VIK BRDXKH1 90,336 $9,309,125 5.39%
6 Medline Equity MDLN BNBV4B1 228,828 $8,249,249 4.78%
7 Circle Internet Group Equity CRCL BL6K237 91,224 $6,475,080 3.75%
8 Rubrik Equity RBRK BSLQK57 79,061 $5,891,626 3.41%
9 BrightSpring Health Services Equity BTSG BPJM8Q3 81,210 $5,490,608 3.18%
10 American Healthcare REIT Equity AHR BQWNKQ4 97,359 $4,877,686 2.83%
11 Kaspi.kz Equity KSPI BJY21K1 54,261 $4,655,594 2.70%
12 Forgent Power Solutions Equity FPS BV9C843 65,171 $3,918,081 2.27%
13 Instacart (Maplebear) Equity CART BN4L6W3 78,118 $3,640,299 2.11%
14 UL Solutions Equity ULS BPW6WJ3 39,150 $3,626,073 2.10%
15 Kodiak Gas Services Equity KGS BQLSDK5 50,300 $3,553,695 2.06%
16 Amer Sports Equity AS BN6TZY0 93,637 $3,286,659 1.90%
17 Cerebras Systems Equity CBRS BQ732F2 17,642 $3,215,431 1.86%
18 StandardAero Equity SARO BQPDNZ1 116,429 $3,157,554 1.83%
19 Apogee Therapeutics Equity APGE BM9HHL5 22,440 $2,977,564 1.72%
20 Tempus AI Equity TEM BSLSJJ0 54,824 $2,847,559 1.65%
21 Legence Equity LGN BT6CC17 29,243 $2,333,299 1.35%
22 Chime Financial Equity CHYM BTCHBL9 132,504 $2,302,920 1.33%
23 Figma Equity FIG BSML6T7 108,721 $2,026,559 1.17%
24 ServiceTitan Equity TTAN BPGN2Q7 30,554 $1,986,927 1.15%
25 Figure Technology Solutions Equity FIGR BVLD6Y0 72,152 $1,976,965 1.15%
26 Klarna Group Equity KLAR BMHVL51 103,656 $1,906,234 1.10%
27 Madison Air Solutions Equity MAIR BVH8NY8 45,472 $1,791,597 1.04%
28 Loar Holdings Equity LOAR BLDCK32 22,473 $1,658,507 0.96%
29 Karman Holdings Equity KRMN BTRFVH4 34,889 $1,564,423 0.91%
30 Lineage Equity LINE BP5DSY8 35,406 $1,449,876 0.84%
31 EquipmentShare.com Equity EQPT BVMZK21 60,581 $1,350,956 0.78%
32 Caris Life Sciences Equity CAI BT18HP9 62,887 $1,141,399 0.66%
33 Fervo Energy Equity FRVO BVK0QZ3 31,122 $1,011,154 0.59%
34 Klaviyo Equity KVYO BN4JNC6 70,905 $996,924 0.58%
35 Firefly Aerospace Equity FLY BPK4SR9 39,723 $992,281 0.57%
36 Arxis Equity ARXS BVH8P08 22,098 $952,203 0.55%
37 Pony AI Equity PONY BRWKBD6 131,574 $948,649 0.55%
38 Birkenstock Holding Equity BIRK BS44BN3 20,481 $923,488 0.53%
39 PACS Group Equity PACS BPW6WD7 23,163 $899,883 0.52%
40 Venture Global Equity VG BSZBFJ7 76,595 $805,013 0.47%
41 LandBridge Equity LB BLD7424 12,411 $762,284 0.44%
42 Janus Living Equity JAN BV6NBP1 23,625 $675,203 0.39%
43 SOLV Energy Equity MWH BWTRBN5 18,551 $639,267 0.37%
44 Ingram Micro Holding Equity INGM BS5YN47 22,424 $619,575 0.36%
45 Smithfield Foods Equity SFD BS893N8 23,461 $579,017 0.34%
46 Netskope Equity NTSK BQT3J26 58,147 $552,397 0.32%
47 SailPoint Equity SAIL BRXZ3P6 33,445 $420,404 0.24%
48 X-Energy Equity XE BW0TQY6 21,488 $410,421 0.24%
49 Central Bancompany Equity CBC B3KKGR9 9,957 $293,134 0.17%
50 BETA Technologies Equity BETA BT3CTW0 16,871 $264,537 0.15%
51 BillionToOne Equity BLLN BMDJC90 2,373 $255,667 0.15%
52 Bullish Equity BLSH BV6KVT6 10,593 $248,618 0.14%
53 Cash/Other Cash $242,883 0.14%
SHOW ALL SHOW LESS

Market Cap Distribution

as of 06/24/2026

Sector Breakdown

as of 06/24/2026

SECTOR WEIGHT (%)
Technology 43.7 %
Health Care 11.0 %
Industrials 10.7 %
Financials 10.4 %
Consumer Discretionary 10.0 %
Real Estate 3.7 %
Energy 0.9 %
Consumer Staples 0.3 %
Daily Performance as of 06/24/2026 Closing Value Daily Change Percent Change Premium/Discount
to NAV		 30-Day Median
Bid Ask Spread
Market Price $56.55 -$0.55 -0.97% -0.10% 0.13%
NAV $56.60 -$0.50 -0.89%
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 05/31/26 Market Price NAV
1M 16.77% 16.64%
YTD 24.08% 24.06%
1yr 33.20% 33.16%
3yr 24.02% 24.02%
5yr -1.48% -1.48%
10yr 11.14% 11.14%
Inception 9.05% 9.05%

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

At Quarter End
As of 03/31/26 Market Price NAV
QTR -8.19% -8.16%
YTD -8.19% -8.16%
1yr 12.13% 12.01%
3yr 13.00% 13.01%
5yr -7.44% -7.42%
10yr 8.33% 8.32%
Inception 6.57% 6.58%

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

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Investors should consider the investment objectives, risks, charges and expenses carefully before investing. An investor cannot invest directly in an index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

Buy the US ETF

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

    • 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.
    • 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.
    • Get in early on large newly-traded companies.
    • Benefit: Get in early on large newly-traded companies.
    • 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

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. Both! ETFs provide flexibility for short-term tactical moves while also serving as strong vehicles for long-term investing.