IPO vs. HAIL ETF Comparison

Comparison of Renaissance IPO ETF (IPO) to SPDR S&P Kensho Smart Mobility ETF (HAIL)

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

$36.32

Average Daily Volume

65,025

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HAIL

SPDR S&P Kensho Smart Mobility ETF

HAIL Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Smart Transportation Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide which are included in the Smart Transportation sector as determined by a classification standard produced by the index provider. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.40

Average Daily Volume

6,094

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IPO	HAIL
30 Days	-12.16%	-8.47%
60 Days	-5.78%	-9.91%
90 Days	5.74%	-3.28%
12 Months	28.77%	-7.16%

1 Overlapping Holdings

	Symbol	Grade	Weight in IPO	Weight in HAIL	Overlap
	RIVN	F	2.45%	0.76%	0.76%

IPO Overweight 43 Positions Relative to HAIL

Symbol	Grade	Weight
KVUE	D	10.1%
COIN	B	9.77%
NU	D	9.55%
APP	A	5.41%
ARM	F	4.54%
HOOD	B	4.1%
CNM	A	3.51%
PATH	F	2.88%
ONON	C	2.39%
DUOL	D	2.26%
BZ	A	2.26%
CRBG	A	2.19%
PCOR	D	2.12%
CFLT	F	2.0%
S	F	1.88%
YMM	A	1.86%
GTLB	F	1.86%
RYAN	B	1.75%
MNDY	D	1.74%
DV	F	1.65%
EDR	A	1.47%
GFS	F	1.37%
GLBE	D	1.14%
TPG	C	1.13%
DOCS	F	1.03%
FRSH	F	1.02%
MQ	D	0.96%
HCP	F	0.9%
BRZE	F	0.79%
DOCN	F	0.77%
SQSP	A	0.74%
NUVL	D	0.62%
INFA	A	0.58%
YOU	F	0.57%
BROS	B	0.55%
AGL	F	0.55%
DLO	F	0.53%
PWSC	F	0.42%
PYCR	F	0.41%
FLNC	F	0.34%
ACT	A	0.31%
BLCO	F	0.19%
INST	F	0.14%

IPO Underweight 72 Positions Relative to HAIL

Symbol	Grade	Weight
NVDA	B	-2.93%
LYFT	B	-2.35%
ALSN	A	-2.23%
ASPN	D	-2.06%
TRMB	C	-1.98%
QCOM	B	-1.98%
GM	A	-1.96%
CMI	A	-1.95%
MOD	B	-1.9%
AUR	B	-1.89%
UBER	D	-1.88%
GTX	B	-1.86%
BLBD	B	-1.84%
VNT	C	-1.83%
TXT	A	-1.82%
F	B	-1.79%
ANSS	C	-1.77%
HMC	C	-1.75%
THRM	D	-1.73%
GRAB	A	-1.61%
EH	B	-1.6%
ALGM	F	-1.57%
BWA	B	-1.55%
LEA	D	-1.45%
ON	F	-1.4%
AXL	D	-1.4%
APTV	F	-1.39%
VC	F	-1.39%
TM	B	-1.36%
BLNK	F	-1.33%
DAN	F	-1.33%
INDI	F	-1.32%
PCAR	B	-1.31%
STM	F	-1.31%
KAMN	A	-1.27%
SANM	D	-1.26%
STLA	C	-1.25%
LI	F	-1.25%
NXPI	D	-1.23%
AMBA	F	-1.22%
REVG	A	-1.21%
ENPH	F	-1.2%
HII	C	-1.2%
TXN	D	-1.16%
HEI	A	-1.15%
R	C	-1.15%
MT	D	-1.14%
ST	D	-1.11%
PLUG	F	-1.09%
NKLA	D	-1.07%
TSLA	F	-1.06%
PSNY	F	-0.98%
INTC	F	-0.95%
BIDU	F	-0.94%
SEDG	F	-0.93%
CAR	F	-0.93%
NIO	F	-0.84%
MATW	F	-0.83%
LCID	F	-0.83%
HY	D	-0.83%
HTZ	F	-0.83%
LAZR	F	-0.81%
INVZ	F	-0.76%
XPEV	F	-0.72%
LXFR	B	-0.68%
MVIS	F	-0.64%
REKR	F	-0.55%
MAXN	F	-0.54%
BLDE	B	-0.5%
ITRN	D	-0.46%
LEV	F	-0.18%
YNDX	C	-0.0%