IPO vs. ADPV ETF Comparison

Comparison of Renaissance IPO ETF (IPO) to Adaptiv Select ETF (ADPV)
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

$44.57

Average Daily Volume

25,849

Number of Holdings *

17

* may have additional holdings in another (foreign) market
ADPV

Adaptiv Select ETF

ADPV Description To achieve its investment objective of long-term capital appreciation, the fund will invest substantially all of its net assets in a portfolio of publicly-listed equity securities of U.S. large capitalization companies during broad U.S. equity market uptrends. The fund will primarily own common stocks, but may also invest in equity securities of REITS to the extent such REITS are among the 1,000 largest capitalized U.S.-listed stocks. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.36

Average Daily Volume

5,834

Number of Holdings *

25

* may have additional holdings in another (foreign) market
Performance
Period IPO ADPV
30 Days 6.25% 2.23%
60 Days 6.73% 0.94%
90 Days 20.39% 11.29%
12 Months 44.86% 44.84%
2 Overlapping Holdings
Symbol Grade Weight in IPO Weight in ADPV Overlap
CRBG B 5.61% 3.68% 3.68%
NU C 9.54% 4.57% 4.57%
IPO Overweight 15 Positions Relative to ADPV
Symbol Grade Weight
ARM B 10.42%
KVUE B 9.11%
RIVN F 5.76%
GTLB A 4.46%
TPG B 3.78%
HCP A 3.3%
GFS F 2.75%
RBRK A 1.52%
BRZE F 1.37%
BIRK F 1.37%
RDDT A 1.34%
INFA C 1.21%
FLNC B 0.89%
BLCO A 0.58%
ZK A 0.31%
IPO Underweight 23 Positions Relative to ADPV
Symbol Grade Weight
PLTR B -6.33%
PPC A -5.59%
HOOD B -5.48%
AMCR D -5.38%
HBAN B -5.11%
T A -5.09%
VIRT A -4.48%
KEY B -4.46%
APP B -4.0%
VKTX A -3.9%
KMI B -3.88%
MTG D -3.78%
HIW C -3.54%
OWL B -3.51%
RF B -3.5%
CPNG B -3.49%
RKT D -3.43%
MDU F -3.37%
VST B -3.26%
AM C -2.94%
GTES A -2.19%
SLM C -2.12%
AGNC D -2.03%
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