IHE vs. IPO ETF Comparison

Comparison of iShares U.S. Pharmaceutical ETF (IHE) to Renaissance IPO ETF (IPO)

IHE

iShares U.S. Pharmaceutical ETF

IHE Description

The investment seeks to track the investment results of an index composed of U.S. equities in the pharmaceuticals sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Pharmaceuticals Index (the "underlying index"), which measures the performance of the pharmaceuticals sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$68.06

Average Daily Volume

33,923

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

$45.56

Average Daily Volume

29,456

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IHE	IPO
30 Days	-4.09%	2.13%
60 Days	-4.62%	6.15%
90 Days	-4.63%	8.19%
12 Months	18.57%	37.53%

0 Overlapping Holdings

	Symbol	Grade	Weight in IHE	Weight in IPO	Overlap

IHE Overweight 10 Positions Relative to IPO

Symbol	Grade	Weight
JNJ	C	22.25%
LLY	F	20.67%
BMY	B	5.27%
VTRS	A	4.69%
PFE	F	4.38%
ZTS	D	4.32%
CTLT	C	4.23%
RPRX	D	4.18%
MRK	D	4.09%
ITCI	C	3.33%

IHE Underweight 17 Positions Relative to IPO

Symbol	Grade	Weight
NU	C	-9.95%
KVUE	A	-9.28%
ARM	F	-8.6%
RIVN	F	-6.46%
CRBG	B	-5.74%
GTLB	B	-4.71%
TPG	A	-3.62%
HCP	B	-3.13%
GFS	C	-2.72%
RDDT	A	-2.19%
RBRK	A	-1.62%
BRZE	C	-1.56%
INFA	D	-1.34%
BIRK	D	-1.15%
FLNC	D	-0.8%
BLCO	B	-0.52%
ZK	D	-0.4%