NXTE vs. IPO ETF Comparison

Comparison of AXS Green Alpha ETF (NXTE) to Renaissance IPO ETF (IPO)

NXTE

AXS Green Alpha ETF

NXTE Description

AXS Green Alpha ETF is an actively managed portfolio seeking long-term capital appreciation. It's for the discerning, socially responsible investor looking for sustainability and the potential for above-average alpha. The ETF invests in Next Economy™ companies selected by Green Alpha Investments for their attractive growth prospects and a demonstrated commitment to promoting a sustainable environment and economy.

Grade (RS Rating)

Last Trade

$33.87

Average Daily Volume

3,895

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

$46.35

Average Daily Volume

26,323

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NXTE	IPO
30 Days	-0.30%	8.94%
60 Days	9.59%	16.06%
90 Days	7.45%	21.36%
12 Months	22.37%	44.09%

2 Overlapping Holdings

	Symbol	Grade	Weight in NXTE	Weight in IPO	Overlap
	RIVN	F	0.66%	5.76%	0.66%
	ZK	C	0.89%	0.31%	0.31%

NXTE Overweight 51 Positions Relative to IPO

Symbol	Grade	Weight
TSM	C	7.65%
IBM	D	5.05%
AMAT	F	4.72%
SFM	B	3.85%
CRSP	C	3.76%
QCOM	C	3.7%
ASML	F	3.62%
LRCX	F	3.56%
DLR	C	3.11%
SLG	B	2.88%
HASI	C	2.71%
NGVC	B	2.49%
JKS	C	2.35%
ABBV	B	2.27%
EQIX	C	2.24%
ARE	D	1.98%
VNO	B	1.88%
FSLR	F	1.56%
SKM	D	1.5%
MRNA	F	1.45%
HRZN	F	1.43%
TREX	C	1.42%
HPP	F	1.41%
BXP	C	1.38%
TILE	B	1.31%
CRBU	C	1.26%
ADI	C	1.2%
RPD	C	1.2%
KRC	C	1.06%
BNTX	C	0.86%
SCS	C	0.79%
XPEV	C	0.76%
ARCT	F	0.73%
AEIS	B	0.69%
VITL	B	0.69%
PACB	C	0.65%
ENPH	F	0.64%
QS	F	0.62%
CRWD	B	0.52%
CSIQ	D	0.49%
EDIT	F	0.46%
DQ	C	0.45%
HNST	B	0.44%
VERV	C	0.35%
FREY	C	0.3%
RXRX	C	0.3%
TPIC	F	0.28%
CMC	A	0.26%
PRME	C	0.2%
WOLF	D	0.15%
RUN	F	0.11%

NXTE Underweight 15 Positions Relative to IPO

Symbol	Grade	Weight
ARM	C	-10.42%
NU	C	-9.54%
KVUE	C	-9.11%
CRBG	B	-5.61%
GTLB	B	-4.46%
TPG	B	-3.78%
HCP	A	-3.3%
GFS	D	-2.75%
RBRK	B	-1.52%
BRZE	F	-1.37%
BIRK	F	-1.37%
RDDT	B	-1.34%
INFA	C	-1.21%
FLNC	C	-0.89%
BLCO	C	-0.58%