CLIA vs. IPO ETF Comparison

Comparison of Return Stacked Bonds & Managed Futures ETF Veridien Climate Action ETF (CLIA) to Renaissance IPO ETF (IPO)

CLIA

Return Stacked Bonds & Managed Futures ETF Veridien Climate Action ETF

CLIA Description

The fund seeks to achieve its investment objective by investing in equity securities (or corresponding American Depositary Receipts ("ADRs")) of U.S. and foreign companies, whose activities, business models, or products make a substantial contribution to mitigating climate change. The fund invests in ADRs to gain exposure to foreign companies, which may include those based in both developed and emerging markets.

Grade (RS Rating)

Last Trade

$18.61

Average Daily Volume

25,531

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	CLIA	IPO
30 Days	-7.83%	5.12%
60 Days	-6.52%	18.48%
90 Days	-7.18%	3.66%
12 Months	-5.51%	38.40%

0 Overlapping Holdings

	Symbol	Grade	Weight in CLIA	Weight in IPO	Overlap

CLIA Overweight 9 Positions Relative to IPO

Symbol	Grade	Weight
HASI	B	5.75%
TSLA	C	5.38%
ENPH	F	4.95%
FLR	B	4.71%
AES	C	4.35%
ON	F	4.14%
STM	F	3.36%
NEP	D	3.1%
ARRY	F	2.78%

CLIA 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%