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The Renaissance IPO ETF

The Smart Way to Invest in IPOs

Buy the US ETF
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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 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%
overlap*

S&P 500

OLDER STOCKS
(Avg. Age 42 Years)

*By Weight, as of 01/01/2023

Key Information
as of 09/20/2023
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 09/21/2023  DOWNLOAD  
# Holding
Name		 Asset
Class		 Ticker Sedol Shares Holding
Value		 Weight
1 Airbnb Equity ABNB BMGYYH4 133,591 $18,436,894 9.80%
2 Kenvue Equity KVUE BQ84ZQ6 881,999 $18,424,959 9.80%
3 Palantir Technologies Equity PLTR BN78DQ4 952,036 $14,033,011 7.46%
4 DoorDash Equity DASH BN13P03 153,321 $12,104,693 6.44%
5 Coupang Equity CPNG BNYHDF3 556,737 $9,815,273 5.22%
6 Nu Holdings Equity NU BN6NP19 1,172,042 $8,216,014 4.37%
7 Rivian Automotive Equity RIVN BL98841 336,808 $7,544,499 4.01%
8 Coinbase Global Equity COIN BMC9P69 84,656 $6,490,576 3.45%
9 Roblox Equity RBLX BMWBC20 233,223 $6,122,104 3.26%
10 Bentley Systems Equity BSY BMC1PR6 97,568 $4,774,978 2.54%
11 AppLovin Equity APP BMV3LG4 106,650 $4,194,545 2.23%
12 Robinhood Markets Equity HOOD BP0TQN6 336,969 $3,443,823 1.83%
13 UiPath Equity PATH BMD02L5 190,653 $3,202,970 1.70%
14 On Holding Equity ONON BPF0FP9 107,121 $3,181,494 1.69%
15 Confluent Equity CFLT BNXH3Z4 93,916 $2,906,700 1.55%
16 agilon health Equity AGL BLR4TK4 147,430 $2,671,432 1.42%
17 Procore Technologies Equity PCOR BLH11J8 39,815 $2,590,364 1.38%
18 Affirm Holdings Equity AFRM BMF9NM8 110,372 $2,549,593 1.36%
19 Kanzhun Equity BZ BM91SH0 163,356 $2,448,706 1.30%
20 Full Truck Alliance Equity YMM BMD2L36 339,826 $2,351,596 1.25%
21 Ryan Specialty Holdings Equity RYAN BNXKSK3 47,058 $2,304,901 1.23%
22 GlobalFoundries Equity GFS BMW7F63 39,788 $2,281,842 1.21%
23 Duolingo Equity DUOL BMCM6P4 14,436 $2,264,287 1.20%
24 GitLab Equity GTLB BMTVT22 44,483 $2,109,384 1.12%
25 monday.com Equity MNDY BMHRYX8 12,392 $1,963,388 1.04%
26 SentinelOne Equity S BP7L1B8 116,686 $1,931,153 1.03%
27 Academy Sports and Outdoors Equity ASO BN7K304 37,556 $1,828,602 0.97%
28 Endeavor Group Holdings Equity EDR BJQ05Y5 80,098 $1,791,792 0.95%
29 DoubleVerify Holdings Equity DV BMDX9Z7 63,361 $1,786,147 0.95%
30 Shoals Technologies Group Equity SHLS BMDJ085 86,232 $1,773,792 0.94%
31 Mobileye Global Equity MBLY BLFH8G4 43,520 $1,761,690 0.94%
32 Global-E Online Equity GLBE BN770J3 46,665 $1,760,204 0.94%
33 Remitly Global Equity RELY BNZJHH8 65,721 $1,661,427 0.88%
34 Freshworks Equity FRSH BPF0BB7 81,454 $1,636,411 0.87%
35 Marqeta Equity MQ BN0TQD2 246,368 $1,488,063 0.79%
36 Corebridge Financial Equity CRBG BMTX0G9 74,950 $1,433,044 0.76%
37 Core & Main Equity CNM BNXKS92 46,545 $1,312,569 0.70%
38 Allegro MicroSystems Equity ALGM BN4LSB6 37,970 $1,234,784 0.66%
39 Doximity Equity DOCS BMD22Y4 60,685 $1,228,871 0.65%
40 Braze Equity BRZE BPLQR66 26,319 $1,187,513 0.63%
41 HashiCorp Equity HCP BP0PQT0 49,256 $1,177,218 0.63%
42 Miniso Group Holding Equity MNSO BLBLMG8 44,065 $1,123,217 0.60%
43 Nextracker Equity NXT BR1GTS6 24,914 $1,052,118 0.56%
44 Hertz Global Holdings Equity HTZ BNM5672 68,079 $1,051,140 0.56%
45 dLocal Equity DLO BKVF490 52,608 $1,019,017 0.54%
46 TPG Equity TPG BNKBB55 32,478 $997,075 0.53%
47 Clear Secure Equity YOU BLD30T1 41,820 $830,963 0.44%
48 DigitalOcean Equity DOCN BNC23Q1 31,790 $765,821 0.41%
49 Sotera Health Equity SHC BNKVRZ7 49,916 $764,214 0.41%
50 Bumble Equity BMBL BMZ2WT7 50,745 $752,548 0.40%
51 Privia Health Group Equity PRVA BMDP209 33,920 $746,579 0.40%
52 Asana Equity ASAN BLFDQC4 39,827 $687,812 0.37%
53 Squarespace Equity SQSP BKPGJQ1 22,379 $637,130 0.34%
54 Paycor HCM Equity PYCR BNLYJ59 27,900 $625,518 0.33%
55 PowerSchool Holdings Equity PWSC BMGTPK9 28,074 $623,243 0.33%
56 Maravai LifeSciences Equity MRVI BMCWKZ2 55,443 $554,984 0.30%
57 Fluence Energy Equity FLNC BMXC0N9 19,672 $466,030 0.25%
58 Informatica Equity INFA BMG95P4 21,418 $452,991 0.24%
59 Dutch Bros Equity BROS BMWP7H2 17,165 $426,035 0.23%
60 Enact Holdings Equity ACT BNZFTG9 14,980 $420,788 0.22%
61 Driven Brands Holdings Equity DRVN BL0P090 31,287 $419,559 0.22%
62 Lufax Holding Equity LU BNDK6G5 345,982 $387,500 0.21%
63 Sportradar Group Equity SRAD BMGSDH9 34,424 $351,125 0.19%
64 Bausch + Lomb Equity BLCO BPLQ636 17,606 $303,880 0.16%
65 CAVA Group Equity CAVA BRBD9F4 8,387 $266,120 0.14%
66 Instructure Holdings Equity INST BNXH3T8 8,994 $224,400 0.12%
67 Savers Value Village Equity SVV BQLSDL6 11,390 $220,738 0.12%
68 Playtika Holding Equity PLTK BNRQKQ7 9,688 $98,043 0.05%
69 Ozon Holdings Equity OZON BN10NX3 13,440 $134 0.00%
70 Cash/Other Cash $352,348 0.19%
SHOW ALL SHOW LESS

Market Cap Distribution

as of 09/20/2023

Sector Breakdown

as of 09/20/2023

SECTOR WEIGHT (%)
Technology 48.6 %
Financials 15.4 %
Consumer Discretionary 13.2 %
Consumer Staples 9.8 %
Communication Services 7.2 %
Industrials 3.0 %
Health Care 2.7 %
Daily Performance as of 09/20/2023 Closing Value Daily Change Percent Change 30-Day Median Bid Ask Spread
Market Price $31.88 -$0.44 -1.38% 0.21%
NAV $31.87 -$0.44 -1.39%
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 08/31/23 Market Price NAV
1M -10.78% -10.78%
YTD 32.20% 32.01%
1yr 1.90% 1.82%
3yr -12.23% -12.17%
5yr 1.41% 1.37%
Inception 5.59% 5.58%

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

At Quarter End
As of 06/30/23 Market Price NAV
QTR 11.72% 11.64%
YTD 32.28% 32.03%
1yr 8.57% 8.53%
3yr -6.89% -6.86%
5yr 2.07% 2.10%
Inception 5.69% 5.68%

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

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