IPO vs. DTCR ETF Comparison

Comparison of Renaissance IPO ETF (IPO) to Global X Data Center & Digital Infrastructure ETF (DTCR)

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

$47.00

Average Daily Volume

30,314

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DTCR

Global X Data Center & Digital Infrastructure ETF

DTCR Description

DTCR invests in firms from both developed and emerging markets that derive bulk of their revenues in Data Center REITs and Digital Infrastructure. These firms are involved in the ownership, operation, and development of data centers and cellular towers. Also included are the digital infrastructure hardware firms that manufacture, design, or assemble the servers or other hardware for data centers and cellular towers. The underlying index uses an algorithm that ranks these firms according to the frequency of specific keywords and will primarily include real estate companies. The market cap-weighted index imposes the following constraints to limit concentration to larger caps: maximum weight of a data center/cellular tower company is 12.0%, server/hardware company at 2%, minimum weight of a company is at 0.3%, and aggregate weight of companies above 4.5% are capped at 45%, while the remaining are capped at 4.5%. The index undergoes semi-annual rebalance and reconstitution. Prior to April 1, 2024, the fund traded under the ticker VPN and has since removed REITs to its fund name.

Grade (RS Rating)

Last Trade

$17.64

Average Daily Volume

120,897

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IPO	DTCR
30 Days	5.81%	-0.11%
60 Days	9.33%	0.74%
90 Days	11.48%	9.36%
12 Months	41.11%	27.27%

0 Overlapping Holdings

	Symbol	Grade	Weight in IPO	Weight in DTCR	Overlap

IPO Overweight 17 Positions Relative to DTCR

Symbol	Grade	Weight
KVUE	A	9.85%
ARM	D	8.79%
NU	D	8.76%
CRBG	B	5.91%
RIVN	D	5.58%
GTLB	C	4.97%
TPG	B	3.83%
HCP	B	3.22%
GFS	C	2.76%
RDDT	B	2.33%
RBRK	B	1.7%
BRZE	C	1.59%
INFA	D	1.41%
BIRK	C	1.23%
FLNC	C	0.89%
BLCO	D	0.53%
ZK	C	0.32%

IPO Underweight 17 Positions Relative to DTCR

Symbol	Grade	Weight
DLR	A	-13.13%
EQIX	A	-12.88%
AMT	D	-10.84%
CCI	D	-8.56%
GDS	D	-6.78%
SBAC	D	-4.4%
UNIT	B	-4.17%
VNET	C	-2.99%
APLD	B	-2.98%
VRT	B	-2.94%
NVDA	C	-2.12%
AMD	F	-1.43%
MU	D	-1.4%
IHS	C	-1.36%
MCHP	F	-1.32%
INTC	C	-1.3%
SMCI	D	-0.54%