IPO vs. FFLS ETF Comparison

Comparison of Renaissance IPO ETF (IPO) to The Future Fund Long/Short ETF (FFLS)
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
FFLS

The Future Fund Long/Short ETF

FFLS Description Under normal conditions, the fund, which is an actively managed exchange traded fund or "ETF", will invest at least 80% of its assets in long and short positions in U.S. exchange-listed equity securities and American Depositary Receipts (ADRs). The fund may invest in the equity securities of companies of any market capitalization although the fund will primarily invest (at least 65% of its assets) in mid and large capitalization companies (companies with market capitalizations in excess of $2 billion). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.31

Average Daily Volume

5,806

Number of Holdings *

47

* may have additional holdings in another (foreign) market
Performance
Period IPO FFLS
30 Days 6.25% 2.11%
60 Days 6.73% 2.74%
90 Days 20.39% 6.25%
12 Months 44.86% 23.70%
2 Overlapping Holdings
Symbol Grade Weight in IPO Weight in FFLS Overlap
GTLB A 4.46% 2.99% 2.99%
RIVN F 5.76% 1.37% 1.37%
IPO Overweight 15 Positions Relative to FFLS
Symbol Grade Weight
ARM B 10.42%
NU C 9.54%
KVUE B 9.11%
CRBG B 5.61%
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 45 Positions Relative to FFLS
Symbol Grade Weight
NVDA B -7.36%
GOOGL A -5.92%
CRM A -4.24%
NFLX A -4.16%
DASH A -3.95%
LLY F -3.86%
MU C -3.78%
UBER C -3.7%
PANW B -3.56%
LPLA A -3.39%
GTLS B -3.26%
ERJ C -2.98%
ABNB B -2.91%
FTI B -2.88%
EW D -2.83%
DDOG B -2.81%
GLOB B -2.6%
GLW A -2.45%
AMD F -2.23%
FND D -2.18%
VRTX D -1.98%
GPRE F -1.88%
BABA B -1.82%
DKNG F -1.81%
KTOS C -1.72%
HALO B -1.34%
JD A -1.26%
ONON D -0.98%
CELH F -0.64%
ACHC F --1.19%
VRT B --1.28%
GH D --1.29%
APH B --1.42%
AFRM A --1.46%
ISRG B --1.53%
ROL D --1.71%
MEDP F --1.9%
PVH C --1.9%
PODD A --2.07%
NXPI C --2.08%
HRB D --2.37%
URI B --2.39%
COIN C --2.43%
FAST A --2.63%
FICO B --2.89%
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