IPO vs. LOUP ETF Comparison

Comparison of Renaissance IPO ETF (IPO) to Innovator Loup Frontier Tech ETF (LOUP)

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

$44.70

Average Daily Volume

26,438

Number of Holdings ^*

17

* may have additional holdings in another (foreign) market

LOUP

Innovator Loup Frontier Tech ETF

LOUP Description

The Innovator Loup Frontier Tech ETF seeks to provide exposure to the investment results of the Loup Frontier Tech Index, which tracks the performance of companies that influence the future of technology including, but not limited to, artificial intelligence (AI), computer perception, robotics, autonomous vehicles, virtual reality, and mixed/augmented reality.

Grade (RS Rating)

Last Trade

$53.42

Average Daily Volume

3,368

Number of Holdings ^*

23

* may have additional holdings in another (foreign) market

Performance

Period	IPO	LOUP
30 Days	0.75%	6.47%
60 Days	4.16%	15.09%
90 Days	8.87%	14.35%
12 Months	33.46%	34.10%

2 Overlapping Holdings

	Symbol	Grade	Weight in IPO	Weight in LOUP	Overlap
	NU	C	9.95%	5.17%	5.17%
	RDDT	A	2.19%	4.81%	2.19%

IPO Overweight 15 Positions Relative to LOUP

	Symbol	Grade	Weight
	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%
	RBRK	A	1.62%
	BRZE	C	1.56%
	INFA	D	1.34%
	BIRK	D	1.15%
	FLNC	C	0.8%
	BLCO	B	0.52%
	ZK	C	0.4%

IPO Underweight 21 Positions Relative to LOUP

	Symbol	Grade	Weight
	HOOD	A	-5.62%
	NTNX	B	-5.15%
	MU	D	-4.65%
	AXON	A	-3.8%
	HUBS	B	-3.37%
	MRVL	B	-3.32%
	SQ	A	-3.22%
	VRT	A	-3.12%
	TTWO	A	-3.09%
	FOUR	A	-3.0%
	DELL	B	-2.99%
	AVAV	C	-2.98%
	MDB	C	-2.96%
	ISRG	A	-2.93%
	CIEN	B	-2.91%
	SNPS	C	-2.83%
	SGBX	F	-2.7%
	ANET	C	-2.61%
	LRCX	F	-2.47%
	AMD	F	-2.24%
	ONTO	F	-2.2%

IPO: Top Represented Industries & Keywords

Industries: Software - Infrastructure Asset Management Auto Manufacturers Semiconductors Software - Application Banks - Diversified Footwear & Accessories Household & Personal Products Internet Content & Information Medical Instruments & Supplies Utilities - Renewable

Keywords: Computing Nasdaq 100 Advisory Services Bank Banking Data Management Electric Vehicle Fabless Semiconductor Companies Semiconductor Allergy Alternative Payments Annuities Artificial Intelligence Backup Software Baseband Processor Brokerage Products Business Process Management Care Products Cars Cataract Surgery

LOUP: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Aerospace & Defense Computer Systems Semiconductor Equipment & Materials Semiconductors Banks - Diversified Communication Equipment Conglomerates Electronic Gaming & Multimedia Internet Content & Information Medical Instruments & Supplies Metal Fabrication Semiconductor Memory

Keywords: S&P 500 Computing Nasdaq 100 Cloud Computing Semiconductor Cloud Infrastructure IBD 50 Integrated Circuits Electronics Ethernet Payment Systems Semiconductor Devices Telecommunications CMOS Camera Computer Network Computer Networking Debit Card E Commerce Electrical Engineering