Renaissance IPO ETF

Frequently Asked Questions About IPO

What does IPO invest in?

The fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the index. It normally invests at least 80% of its total assets in securities that comprise the index. The index is a portfolio of companies that have recently completed an initial public offering ("IPO") and are listed on a U.S. exchange. The fund is non-diversified.

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 $159.6M 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.