Symbols

IPOS

Renaissance International IPO ETF·ARCA

--(--)

Key Stats

Assets Under Management

7.98MUSD

Fund Flow (1Y)

2.91MUSD

Dividend Yield

0.97%

Discount / Premium to NAV

2.85%

Shares Outstanding

450.00K

Expense Ratio

0.80%

About Renaissance International IPO ETF

Issuer

Renaissance Capital

Brand

Renaissance

Home Page

https://etfs.renaissancecapital.com/intl-ipo-etf

Inception Date

Oct 6, 2014

Structure

Open-Ended Fund

Index Tracked

Renaissance International IPO Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Renaissance Capital LLC

Distributor

Foreside Fund Services LLC

IPOS, launched October 2014, is an international version of Renaissance Capital's IPO, which launched in October 2013. IPOS specifically targets recent IPOs listed on international exchanges and includes them within 90 days of listing, but can include IPOs as early as 5 days. The fund removes a company after 2 years. Despite its "international" focus, IPOS won't include foreign companies that choose the US for its IPO, like Alibaba, which gets included in its "US-listed" specific sister-fund, IPO. The fund charges 80 bps—a high fee for a cap-weighted equity ETF—which could drag on the fund's tracking. IPOS tilts toward small-growth firms compared with our broad benchmark.