Instrument NameRenaissance IPO ETFInstrument Symbol(IPO-A)

Instrument ExchangeNYSE Arca

The Renaissance IPO ETF is designed to provide investors with efficient exposure to a portfolio of U.S.- listed newly public companies ahead of their inclusion in core equity portfolios. By tracking the rules-based Renaissance IPO Index designed by Renaissance Capital research to hold the largest, most liquid newly-listed U.S.IPOs, the Renaissance IPO ETF includes the most economically significant newly public companies. Sizable IPOs are added on a fast entry basis and the rest are added during scheduled quarterly reviews. Companies that have been public for two years are removed at the next quarterly review.