Key stats
About Renaissance IPO ETF
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Inception date
Oct 14, 2013
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Renaissance Capital LLC
Distributor
Foreside Fund Services LLC
IPO offers access to the newest publicly traded stocks in an ETF wrapper. Companies that have gone public within the last three years and that meet the index's size, liquidity, and free float criteria are included. The fund removes a firm after three years of public trading. The resulting portfolio complements the overall equity market, as its weighted average market cap will ordinarily be far smaller, and its constituents may not be included in major indexes for a few months. The small number of eligible securities can make for a concentrated portfolio. Index constituents have a 10% issuer cap and are reviewed quarterly. Post-IPO liquidity can be a challenge for market makers looking to create new shares, so keep a sharp eye on trading spreads.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Finance
Consumer Non-Durables
Stocks99.85%
Electronic Technology28.22%
Technology Services22.69%
Finance14.32%
Consumer Non-Durables11.98%
Transportation9.14%
Consumer Services7.80%
Consumer Durables3.79%
Industrial Services1.30%
Health Technology0.60%
Bonds, Cash & Other0.15%
Cash0.15%
Stock breakdown by region
North America78.36%
Europe15.31%
Asia4.41%
Middle East1.92%
Latin America0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
IPO invests in stocks. The fund's major sectors are Electronic Technology, with 28.22% stocks, and Technology Services, with 22.69% of the basket. The assets are mostly located in the North America region.
IPO top holdings are ARM Holdings PLC Sponsored ADR and Astera Labs, Inc., occupying 9.42% and 9.01% of the portfolio correspondingly.
IPO last dividends amounted to 0.07 USD. The quarter before, the issuer paid 0.03 USD in dividends, which shows a 52.16% increase.
IPO assets under management is 138.99 M USD. It's risen 6.97% over the last month.
IPO fund flows account for −52.06 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, IPO pays dividends to its holders with the dividend yield of 0.28%. The last dividend (Mar 21, 2025) amounted to 0.07 USD. The dividends are paid quarterly.
IPO shares are issued by Renaissance Capital LLC under the brand Renaissance. The ETF was launched on Oct 14, 2013, and its management style is Passive.
IPO expense ratio is 0.60% meaning you'd have to pay 0.60% of your investment to help manage the fund.
IPO follows the FTSE Renaissance IPO Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
IPO invests in stocks.
IPO price has risen by 9.76% over the last month, and its yearly performance shows a 10.30% increase. See more dynamics on IPO price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 8.89% over the last month, showed a 11.92% increase in three-month performance and has increased by 11.29% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 8.89% over the last month, showed a 11.92% increase in three-month performance and has increased by 11.29% in a year.
IPO trades at a premium (0.09%) meaning the ETF is trading at a higher price than the calculated NAV.