IPO

Renaissance IPO ETF
C

33
*Unless otherwise stated, data provided by FactSet.

IPO Fund Description

IPO tracks a market-cap-weighted index of recent US-listed IPOs. The fund acquires issues within 90 days or sooner after IPO and sells after 2 years.

IPO Factset Analytics Insight

IPO offers access to the newest publicly traded stocks in an ETF wrapper. It adds a new company to its basket within 90 days of listing and removes a firm after 2 years of public trading. The largest new entrants can be included a week after their IPO date. 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. Post-IPO liquidity can be a challenge for market makers looking to create new shares, so keep a sharp eye on trading spreads.

IPO CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 04/18/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
IPO -1.92% 13.43% 29.33% 3.37% 14.97% 7.69% --
IPO (NAV) -2.14% 13.68% 29.47% 3.49% 14.97% 7.73% --
Renaissance IPO Index -2.14% 13.43% 29.33% 2.66% 14.54% 7.56% --
MSCI USA IMI 2.45% 9.18% 17.01% 8.63% 13.80% 11.13% 15.29%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IPO Top 10 Countries

IPO Top 10 Sectors

IPO Top 10 Holdings [View All]

IPO Summary Data

10/14/13
Open-Ended Fund
0.60%
$36.35M
$1.11M
0.47%

IPO Portfolio Data

$6.48B
176.06
3.40
0.49%
06/14/19
31

IPO Index Data

Renaissance IPO Index
Market Cap
Time Since Listing
MSCI USA IMI

IPO Portfolio Management

0.60%
0.23%
1.03%
-0.41%

IPO Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

IPO Fund Structure

Open-Ended Fund
No
Yes
No Policy
N/A
N/A
Medium
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

IPO Factset Analytics Block Liquidity

As of 04/22/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of IPO. IPO is rated a 5 out of 5.

IPO Tradability

36,483
$1.11M
22,701
$691.44K
0.47%
$0.14
-0.01%
1.60% / -2.41%
None
100.00%
50,000
0.45
0.03%
0.07%
--
$30.06
5

IPO Sector/Industry Breakdown


IPO
Segment Benchmark
1.92%
10.55%
1.80%
12.81%
0.88%
5.07%

IPO TOP 10 HOLDINGS[View All]

2.68%
43.61%

IPO Countries


IPO
Segment Benchmark
93.30%
99.92%
3.69%
--
3.00%
--
--
0.08%

IPO Regions


IPO
Segment Benchmark
93.30%
100.00%
3.69%
--
3.00%
--

IPO Economic Development


IPO
Segment Benchmark
93.30%
100.00%
6.70%
--

IPO Performance Statistics

0.76
1.31
1.28
1.28
0.89%
MSCI USA IMI

IPO BENCHMARK COMPARISON HOLDINGS

31
2399
14
0.15%

IPO BENCHMARK COMPARISON SUMMARY


IPO
Segment Benchmark
31
2399
$6.48B
$179.66B
176.06
22.76
3.40
3.15
0.98%
1.87%
High
Low

IPO BENCHMARK COMPARISON MARKET CAP SIZE


IPO
Segment Benchmark
0.00%
81.05%
83.03%
14.45%
16.21%
4.11%
0.76%
0.39%