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The Smart Way to Invest in IPOs
Buy the US ETF
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 2.2 Years)
0.1%
overlap*
S&P 500
OLDER STOCKS
(Avg. Age 43 Years)
*By Weight, as of 01/01/2024
Key Information
as of 01/22/2024
| 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 01/22/2024 DOWNLOAD
| # | Holding Name | Asset Class | Ticker | Sedol | Holding Value | Weight | |
|---|---|---|---|---|---|---|---|
| 1 | Kenvue | Equity | KVUE | BQ84ZQ6 | $17,556,343 | 10.01% | |
| 2 | Nu Holdings | Equity | NU | BN6NP19 | $12,774,158 | 7.28% | |
| 3 | Coinbase Global | Equity | COIN | BMC9P69 | $12,594,012 | 7.18% | |
| 4 | Roblox | Equity | RBLX | BMWBC20 | $10,703,743 | 6.10% | |
| 5 | Coupang | Equity | CPNG | BNYHDF3 | $9,754,221 | 5.56% | |
| 6 | Rivian Automotive | Equity | RIVN | BL98841 | $6,114,894 | 3.49% | |
| 7 | Affirm Holdings | Equity | AFRM | BMF9NM8 | $5,656,089 | 3.23% | |
| 8 | AppLovin | Equity | APP | BMV3LG4 | $5,147,848 | 2.94% | |
| 9 | UiPath | Equity | PATH | BMD02L5 | $5,038,563 | 2.87% | |
| 10 | Arm Holdings | Equity | ARM | BNSP5P7 | $4,808,939 | 2.74% | |
| 11 | Robinhood Markets | Equity | HOOD | BP0TQN6 | $4,288,969 | 2.45% | |
| 12 | Core & Main | Equity | CNM | BNXKS92 | $3,576,226 | 2.04% | |
| 13 | GitLab | Equity | GTLB | BMTVT22 | $3,571,649 | 2.04% | |
| 14 | On Holding | Equity | ONON | BPF0FP9 | $3,515,327 | 2.00% | |
| 15 | SentinelOne | Equity | S | BP7L1B8 | $3,457,057 | 1.97% | |
| 16 | Duolingo | Equity | DUOL | BMCM6P4 | $3,361,910 | 1.92% | |
| 17 | Corebridge Financial | Equity | CRBG | BMTX0G9 | $3,307,980 | 1.89% | |
| 18 | Procore Technologies | Equity | PCOR | BLH11J8 | $3,278,866 | 1.87% | |
| 19 | DoubleVerify Holdings | Equity | DV | BMDX9Z7 | $3,261,178 | 1.86% | |
| 20 | Nextracker | Equity | NXT | BR1GTS6 | $3,236,281 | 1.85% | |
| 21 | monday.com | Equity | MNDY | BMHRYX8 | $2,879,674 | 1.64% | |
| 22 | GlobalFoundries | Equity | GFS | BMW7F63 | $2,764,541 | 1.58% | |
| 23 | Full Truck Alliance | Equity | YMM | BMD2L36 | $2,665,454 | 1.52% | |
| 24 | Kanzhun | Equity | BZ | BM91SH0 | $2,573,983 | 1.47% | |
| 25 | Ryan Specialty Holdings | Equity | RYAN | BNXKSK3 | $2,484,775 | 1.42% | |
| 26 | Confluent | Equity | CFLT | BNXH3Z4 | $2,424,090 | 1.38% | |
| 27 | Endeavor Group Holdings | Equity | EDR | BJQ05Y5 | $2,312,307 | 1.32% | |
| 28 | Doximity | Equity | DOCS | BMD22Y4 | $2,177,724 | 1.24% | |
| 29 | Global-E Online | Equity | GLBE | BN770J3 | $2,054,330 | 1.17% | |
| 30 | Freshworks | Equity | FRSH | BPF0BB7 | $2,032,965 | 1.16% | |
| 31 | Marqeta | Equity | MQ | BN0TQD2 | $1,701,924 | 0.97% | |
| 32 | Braze | Equity | BRZE | BPLQR66 | $1,667,694 | 0.95% | |
| 33 | TPG | Equity | TPG | BNKBB55 | $1,536,364 | 0.88% | |
| 34 | Mobileye Global | Equity | MBLY | BLFH8G4 | $1,449,251 | 0.83% | |
| 35 | Privia Health Group | Equity | PRVA | BMDP209 | $1,385,112 | 0.79% | |
| 36 | Shoals Technologies Group | Equity | SHLS | BMDJ085 | $1,335,200 | 0.76% | |
| 37 | DigitalOcean | Equity | DOCN | BNC23Q1 | $1,298,190 | 0.74% | |
| 38 | Remitly Global | Equity | RELY | BNZJHH8 | $1,272,266 | 0.73% | |
| 39 | HashiCorp | Equity | HCP | BP0PQT0 | $1,255,191 | 0.72% | |
| 40 | agilon health | Equity | AGL | BLR4TK4 | $1,102,462 | 0.63% | |
| 41 | Clear Secure | Equity | YOU | BLD30T1 | $967,562 | 0.55% | |
| 42 | Squarespace | Equity | SQSP | BKPGJQ1 | $944,761 | 0.54% | |
| 43 | dLocal | Equity | DLO | BKVF490 | $940,040 | 0.54% | |
| 44 | Birkenstock Holding | Equity | BIRK | BS44BN3 | $892,123 | 0.51% | |
| 45 | Bumble | Equity | BMBL | BMZ2WT7 | $823,184 | 0.47% | |
| 46 | PowerSchool Holdings | Equity | PWSC | BMGTPK9 | $797,168 | 0.45% | |
| 47 | Paycor HCM | Equity | PYCR | BNLYJ59 | $775,374 | 0.44% | |
| 48 | Informatica | Equity | INFA | BMG95P4 | $765,489 | 0.44% | |
| 49 | Fluence Energy | Equity | FLNC | BMXC0N9 | $690,183 | 0.39% | |
| 50 | Hertz Global Holdings | Equity | HTZ | BNM5672 | $673,593 | 0.38% | |
| 51 | EngageSmart | Equity | ESMT | BMHT1H7 | $659,303 | 0.38% | |
| 52 | Dutch Bros | Equity | BROS | BMWP7H2 | $570,637 | 0.33% | |
| 53 | Enact Holdings | Equity | ACT | BNZFTG9 | $487,206 | 0.28% | |
| 54 | CAVA Group | Equity | CAVA | BRBD9F4 | $455,655 | 0.26% | |
| 55 | Instacart (Maplebear) | Equity | CART | BN4L6W3 | $345,933 | 0.20% | |
| 56 | Bausch + Lomb | Equity | BLCO | BPLQ636 | $308,710 | 0.18% | |
| 57 | Instructure Holdings | Equity | INST | BNXH3T8 | $294,916 | 0.17% | |
| 58 | Klaviyo | Equity | KVYO | BN4JNC6 | $293,193 | 0.17% | |
| 59 | Playtika Holding | Equity | PLTK | BNRQKQ7 | $103,947 | 0.06% | |
| 60 | Cash/Other | Cash | $208,616 | 0.12% |
Market Cap Distribution
as of 01/22/2024
Sector Breakdown
as of 01/22/2024
| SECTOR | WEIGHT (%) |
|---|---|
| Technology | 33.5 % |
| Financials | 25.7 % |
| Consumer Discretionary | 12.3 % |
| Communication Services | 11.4 % |
| Consumer Staples | 9.7 % |
| Industrials | 5.5 % |
| Health Care | 1.6 % |
| Daily Performance as of 01/22/2024 | Closing Value | Daily Change | Percent Change | 30-Day Median Bid Ask Spread |
|---|---|---|---|---|
| Market Price | $34.88 | $0.53 | 1.52% | 0.06% |
| NAV | $34.90 | $0.52 | 1.48% |
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
| As of 12/31/23 | Market Price | NAV |
|---|---|---|
| 1M | 11.73% | 11.75% |
| YTD | 52.55% | 52.36% |
| 1yr | 52.55% | 52.36% |
| 3yr | -16.35% | -16.35% |
| 5yr | 10.37% | 10.30% |
| Inception | 6.89% | 6.88% |
Inception date is Ocobter 14th, 2013. Returns greater than one year are annualized.
| As of 12/31/23 | Market Price | NAV |
|---|---|---|
| QTR | 17.95% | 17.93% |
| YTD | 52.55% | 52.36% |
| 1yr | 52.55% | 52.36% |
| 3yr | -16.35% | -16.35% |
| 5yr | 10.37% | 10.30% |
| Inception | 6.89% | 6.88% |
Inception date is Ocobter 14th, 2013. Returns greater than one year are annualized.
Buy the US ETF
I am an expert and enthusiast assistant. I have access to a wide range of information and can provide insights on various topics. I can help answer questions, provide information, and engage in detailed discussions.
Regarding the concepts mentioned in the article you provided, let's break them down:
Renaissance IPO ETF (ticker: IPO)
The Renaissance IPO ETF is an exchange-traded fund that focuses exclusively on the US IPO (Initial Public Offering) market. It seeks to provide investors with exposure to the largest and most liquid US-listed newly public company stocks in one security. The ETF aims to reduce the risk of single-stock ownership and offers diversification across markets and time. It was launched in 2013 and is the only ETF that focuses exclusively on the US IPO market.
ETF Description
The Renaissance IPO ETF (ticker: IPO) is a transparent rules-based ETF that tracks the price and yield performance of the Renaissance IPO Index. The ETF is rebalanced quarterly to include new IPOs and remove older constituents three years after their IPO. Constituents are weighted by float-adjusted market capitalization, with a cap imposed on any weightings exceeding 10%.
Reasons to Invest in the IPO ETF
The article mentions several reasons to invest in the Renaissance IPO ETF:
- Access New Technologies: By investing in the IPO ETF, investors can gain exposure to innovative companies after their IPO, which is often the most important fundraising event in their history.
- Diversify with New Stocks: The IPO ETF allows investors to get exposure to multiple IPO stocks in one trade, providing diversification benefits.
- Invest Before the Mainstream: Investing in the IPO ETF allows investors to get in early on large newly-traded companies, potentially capturing growth opportunities before they become mainstream.
- Low Overlap with the S&P 500: The IPO ETF has almost no overlap with the S&P 500, as it only contains new stocks. This can provide additional diversification benefits for investors.
Holdings and Sector Breakdown
The article provides a list of the top holdings of the Renaissance IPO ETF as of January 22, 2024. Some of the top holdings include Kenvue Equity, Nu Holdings Equity, Coinbase Global Equity, Roblox Equity, and Coupang Equity, among others.
The sector breakdown of the IPO ETF's holdings as of January 22, 2024, is as follows:
- Technology: 33.5%
- Financials: 25.7%
- Consumer Discretionary: 12.3%
- Communication Services: 11.4%
- Consumer Staples: 9.7%
- Industrials: 5.5%
- Health Care: 1.6%
Performance
The article provides performance information for the Renaissance IPO ETF. As of December 31, 2023, the ETF had a market price return of 52.55% year-to-date and a net asset value return of 52.36% year-to-date. The performance history shows returns for different time periods, including 1 month, 1 year, 3 years, 5 years, and since inception (October 14, 2013).
Please note that the information provided is based on the article you shared, and it's always a good idea to verify the latest information from reliable sources. Let me know if there's anything else I can help you with!
