Renaissance International IPO ETF
Ticker: IPOS
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Regulatory Disclosures
Summary Prospectus
Before you invest in the Renaissance International IPO ETF, you may want to review the Fund’s prospectus, which contains more information about the Fund and its risks.
Full Prospectus
The U.S. Securities and Exchange Commission has not approved or disapproved these securities or passed upon the accuracy or adequacy of this Prospectus. Any representation to the contrary is a criminal offense.
SAI
This Statement of Additional Information is not a prospectus. It should be read in conjunction with the current Prospectus.
Reports to Shareholders
Annual Report
The Renaissance IPO ETF and Renaissance International IPO ETF Annual Report for the year ended September 30.
Semiannual Report
The Renaissance IPO ETF and Renaissance International IPO ETF Semi-Annual Report for the period ended March 31.
ETF Distribution Schedule
The Renaissance IPO ETF and the Renaissance International IPO ETF quarterly distribution schedule.
Additional Documents
International IPO Index Ground Rules
The Renaissance International IPO Index is a rolling two-year population of newly public companies held ahead of their inclusion in core equity indices. IPOs that meet liquidity and operational screens, are included in the Index at the end of the fifth day of trading, or upon quarterly reviews, weighted by float capitalization, capped at 10% and removed after two years. The Index is designed by Renaissance Capital and calculated by FTSE Group.
Strategy Pieces
IPO Strategy - Investment Case
With an average of $135 billion raised annually, the global IPO market is sizable and sustainable. Even during very weak market periods, such as the 2008 financial crisis, the IPO window has historically reopened after several months. Newly public companies represent an economically significant segment of the equity markets.
Completing the Core
Research shows that Renaissance IPO ETFs have minimal overlap to broad-based ETFs.
