AMTR vs. IPO ETF Comparison

Comparison of ETRACS Alerian Midstream Energy Total Return Index ETN (AMTR) to Renaissance IPO ETF (IPO)

AMTR

ETRACS Alerian Midstream Energy Total Return Index ETN

AMTR Description

The investment seeks to provide an unleveraged long exposure to the performance of the Alerian Midstream Energy Adjusted Net TR Index. The index is the adjusted net total return version of the Alerian Midstream Energy Index. The securities are subject to a Daily Tracking Fee equivalent to 0.75% per annum. The index tracks a broad-based composite of North American energy infrastructure companies that earn the majority of their cash flow from midstream energy activities involving energy commodities.

Grade (RS Rating)

Last Trade

$69.75

Average Daily Volume

1,123

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IPO

Renaissance IPO ETF

IPO Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.43

Average Daily Volume

42,489

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AMTR	IPO
30 Days	5.68%	5.12%
60 Days	11.73%	18.48%
90 Days	12.67%	3.66%
12 Months	42.93%	38.40%

0 Overlapping Holdings

	Symbol	Grade	Weight in AMTR	Weight in IPO	Overlap

AMTR Overweight 11 Positions Relative to IPO

Symbol	Grade	Weight
ENB	A	9.15%
KMI	A	8.89%
PBA	A	6.1%
CQP	D	5.29%
MPLX	B	3.18%
KEY	B	1.49%
AM	A	0.77%
ETRN	D	0.73%
NGL	D	0.31%
HESM	C	0.14%
TELL	B	0.06%

AMTR Underweight 17 Positions Relative to IPO

Symbol	Grade	Weight
NU	D	-10.11%
KVUE	C	-9.95%
ARM	C	-9.79%
RIVN	F	-6.83%
CRBG	B	-5.16%
GTLB	D	-4.41%
TPG	A	-3.46%
HCP	A	-3.35%
GFS	F	-2.69%
BRZE	F	-1.5%
BIRK	F	-1.38%
RBRK	D	-1.31%
RDDT	B	-1.19%
INFA	D	-1.16%
FLNC	C	-0.95%
BLCO	C	-0.54%
ZK	C	-0.27%