Renaissance IPO ETF

Frequently Asked Questions About IPO

What does IPO invest in?

This fund aims to closely track the investment returns – both capital appreciation and income – of its underlying index, prior to the deduction of management fees and other operating costs. To achieve this, it typically commits a minimum of 80% of its total assets to the securities that constitute this benchmark. The index itself consists of a collection of companies that have recently gone public through an Initial Public Offering (IPO) and are traded on a U.S. stock exchange. It is classified as a non-diversified fund.

What is the expense ratio of IPO?

Renaissance IPO ETF (IPO) charges an expense ratio of 0.60%. This is the annual fee deducted from fund assets to cover management and operations.

How big is IPO?

Renaissance IPO ETF (IPO) manages $132.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is IPO actively managed or an index fund?

IPO's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was IPO launched?

Renaissance IPO ETF (IPO) launched in October 2013 and is managed by Renaissance.

How has IPO performed?

IPO's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.