BUSA vs. IPOS ETF Comparison

Comparison of Brandes U.S. Value ETF (BUSA) to Renaissance Capital Greenwich Fund (IPOS)

BUSA

Brandes U.S. Value ETF

BUSA Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to attain its investment objective by investing primarily in equity securities of U.S. companies. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes), measured at the time of purchase, in securities of U.S. companies.

Grade (RS Rating)

Last Trade

$31.59

Average Daily Volume

22,442

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

IPOS

Renaissance Capital Greenwich Fund

IPOS Description

The investment seeks replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance International IPO Index. The index is a portfolio of companies that have recently completed an initial public offering ("IPOs") that is listed on a non-U.S. exchange. IPOs are an unseasoned category of equities under-represented in core equity indices. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance International IPO Index. It is non-diversified.

Grade (RS Rating)

Last Trade

$13.30

Average Daily Volume

1,361

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	BUSA	IPOS
30 Days	-0.79%	-0.20%
60 Days	4.13%	6.76%
90 Days	6.37%	-0.15%
12 Months		0.91%

0 Overlapping Holdings

	Symbol	Grade	Weight in BUSA	Weight in IPOS	Overlap

BUSA Overweight 9 Positions Relative to IPOS

	Symbol	Grade	Weight
	CVX	B	3.18%
	FI	A	2.93%
	WFC	D	2.74%
	BAC	D	2.57%
	DOX	B	2.51%
	MRK	F	2.41%
	PNC	C	2.38%
	CI	D	2.38%
	CMCSA	B	2.37%

BUSA Underweight 1 Positions Relative to IPOS

	Symbol	Grade	Weight
	LSPD	B	-1.71%

BUSA: Top Represented Industries & Keywords

Industries: Banks - Global Banks - Regional - US Business Services Drug Manufacturers - Major Health Care Plans Oil & Gas Integrated Pay TV Software - Infrastructure

Keywords: S&P 500 Bank Banking Asset Management Services Cash Management Dow Jones Component Investment Bank Investment Management Loan Servicing Mobile Payments Nasdaq 100 Accident Insurance Accident Insurance Products Advertising Services Affordable Housing Alternative Fuel Amines Amusement Parks Animal Health Animal Health Products

IPOS: Top Represented Industries & Keywords

Industries: Software - Application

Keywords: Cloud Computing Cloud Infrastructure Computing Digital Transformation E Commerce Fintech Lightspeed Omnichannel Point Of Sale Point Of Sale Systems