Key stats
About Renaissance IPO ETF
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Inception date
Oct 14, 2013
Structure
Open-Ended Fund
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
Stocks99.90%
Electronic Technology24.83%
Technology Services20.32%
Finance16.52%
Consumer Non-Durables14.34%
Transportation9.98%
Consumer Services9.25%
Consumer Durables2.90%
Industrial Services0.99%
Health Technology0.76%
Bonds, Cash & Other0.10%
Cash0.10%
Stock breakdown by region
North America79.07%
Europe14.31%
Asia4.87%
Middle East1.75%
Latin America0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history