LOUP vs. IPO ETF Comparison

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

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

$49.04

Average Daily Volume

4,632

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

$40.94

Average Daily Volume

23,500

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LOUP	IPO
30 Days	5.77%	2.94%
60 Days	6.96%	4.73%
90 Days	3.63%	1.99%
12 Months	27.97%	26.42%

3 Overlapping Holdings

Symbol	Grade	Weight in LOUP	Weight in IPO	Overlap
GFS	C	3.09%	2.47%	2.47%
NU	B	3.17%	10.57%	3.17%
RDDT	B	3.1%	0.8%	0.8%

LOUP Overweight 23 Positions Relative to IPO

Symbol	Grade	Weight
MDB	D	5.26%
CIEN	F	5.09%
APP	B	5.01%
ONTO	B	4.88%
ANET	A	3.4%
RBLX	B	3.09%
ISRG	A	3.09%
SNOW	D	3.07%
DELL	C	3.06%
AXON	C	3.04%
NTNX	C	3.04%
CRWD	B	3.0%
AMAT	B	2.96%
FOUR	B	2.91%
AMD	B	2.89%
MRVL	C	2.87%
HUBS	C	2.86%
SQ	C	2.86%
PSTG	B	2.86%
MU	C	2.85%
TTWO	C	2.84%
VRT	C	2.76%
U	F	2.67%

LOUP Underweight 25 Positions Relative to IPO

Symbol	Grade	Weight
KVUE	F	-9.8%
ARM	A	-9.05%
HOOD	B	-7.44%
RIVN	C	-5.9%
ONON	C	-4.79%
CNM	D	-4.03%
DUOL	F	-3.79%
CRBG	C	-3.69%
RYAN	B	-2.96%
GTLB	C	-2.9%
S	C	-2.36%
BROS	B	-1.91%
TPG	D	-1.74%
HCP	A	-1.6%
FRSH	D	-1.27%
NUVL	C	-1.21%
BRZE	D	-0.98%
INFA	B	-0.98%
BIRK	B	-0.68%
PWSC	B	-0.66%
FLNC	F	-0.57%
ACT	C	-0.44%
RBRK	C	-0.35%
BLCO	F	-0.3%
INST	B	-0.26%