IPO: RENAISSANCE IPO ETF
Understanding the RENAISSANCE IPO ETF (IPO)
The RENAISSANCE IPO ETF (ticker: IPO) is an exchange-traded fund designed to provide exposure to companies that have recently gone through an Initial Public Offering (IPO). This ETF focuses on newer companies entering the public stock market.
What the numbers show
The performance of this ETF can be looked at in two ways: price return and total return. Price return only tracks how much the share price changes. Total return includes both the price change and any cash distributions paid out to investors.
Based on the supplied data:
• Year-to-Date (YTD): The price return is approximately 16.86%, while the total return is approximately 17.00%.
• One-Year: The price return is approximately 2.17%, and the total return is approximately 2.30%.
• Three-Year: The price return is approximately 68.76%, and the total return is approximately 70.27%.
• Five-Year: The five-year total return is approximately -15.47%.
An estimated price from roughly one year ago was $52.21, compared to the current price of $53.35.
Income and distribution explanation
This ETF provides a very low amount of income. The distribution yield is approximately 0.11%. This means the cash paid out relative to the share price is quite small. The distributions are described as "irregular" or "less frequent," with only 2 payments made in the last 12 months.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, we can look at the erosion-risk score, which is 94. This is labeled as "Stable / sideways" with a "good" severity rating. There is no severe erosion-risk flag for this ETF.
Top Holdings
The following are the top holdings in the portfolio (note that this list is partial):
• COREWEAVE INC (8.88%)
• ASTERA LABS INC (7.59%)
• REDDIT INC (7.06%)
• ARM HOLDINGS PLC ADR (7.00%)
• RUBRIK INC (5.32%)
• CIRCLE INTERNET GROUP INC (5.11%)
• VIKING HOLDINGS LTD (4.99%)
• MEDLINE INC (4.77%)
• KASPI.KZ JSC ADS (3.48%)
• AMERICAN HEALTHCARE REIT INC (3.36%)
Holdings can change over time.
Pros
• The ETF has shown strong three-year total returns of approximately 70.27%.
• The erosion-risk score suggests a stable price trend.
Cons
• The five-year total return is negative at approximately -15.47%.
• The distribution yield is very low, which may not meet the needs of investors looking for regular income.
Beginner takeaway
The IPO ETF focuses on newer companies. While it has seen significant growth over the last three years, its long-term five-year history shows a decline in total return. It is not primarily an income fund, as its distribution yield is very low.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | COREWEAVE INC ORDINARY SHARES CLASS A | CRWV | 8.88% |
| 2 | ASTERA LABS INC | ALAB | 7.59% |
| 3 | REDDIT INC CLASS A SHARES | RDDT | 7.06% |
| 4 | ARM HOLDINGS PLC ADR | ARM | 7.00% |
| 5 | RUBRIK INC CLASS A SHARES | RBRK | 5.32% |
| 6 | CIRCLE INTERNET GROUP INC ORDINARY SHARES CLASS A | CRCL | 5.11% |
| 7 | VIKING HOLDINGS LTD | VIK | 4.99% |
| 8 | MEDLINE INC ORDINARY SHARES CLASS A | MDLN | 4.77% |
| 9 | KASPI.KZ JSC ADS | KSPI | 3.48% |
| 10 | AMERICAN HEALTHCARE REIT INC ORDINARY SHARES | AHR | 3.36% |