Renaissance IPO ETF
Before you invest in the Renaissance IPO ETF, you may want to review the Fund's prospectus, which contains more information about the Fund and its risks.
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.
This Statement of Additional Information is not a prospectus. It should be read in conjunction with the current Prospectus.
The Renaissance IPO ETF and Renaissance International IPO ETF portfolio holdings for the quarter ended December 31.
The Renaissance IPO ETF and Renaissance International IPO ETF portfolio holdings for the quarter ended June 30.
The Nominating Committee Charter for Renaissance Capital Greenwich Funds.
The Renaissance IPO Indices are designed to hold a portfolio of the largest, most liquid, newly-listed U.S. IPOs. Each quarter when the Index is rebalanced, new IPOs are included and older constituents are removed. At quarterly rebalances, constituents are weighted by float-adjusted market capitalization with a cap imposed on any weightings exceeding 10%. The Renaissance IPO Indices are administered and calculated by FTSE Group.
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.
Research shows that Renaissance IPO ETFs have minimal overlap to broad-based ETFs.