IPOS vs. FPXI ETF Comparison

Comparison of Renaissance Capital Greenwich Fund (IPOS) to First Trust International IPO ETF (FPXI)

IPOS

Renaissance Capital Greenwich Fund

IPOS Description

The investment seeks replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance International IPO Index. The index is a portfolio of companies that have recently completed an initial public offering ("IPOs") that is listed on a non-U.S. exchange. IPOs are an unseasoned category of equities under-represented in core equity indices. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance International IPO Index. It is non-diversified.

Grade (RS Rating)

Last Trade

$13.54

Average Daily Volume

1,773

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPXI

First Trust International IPO ETF

FPXI Description

The investment seeks investment results that correspond generally to the price andyield (before the fund's fees and expenses) of an index called the IPOXInternational Index. The fund will normally invest at least 90% of its net assets (plus the amount ofany borrowings for investment purposes) in common stocks and/or depositaryreceipts that comprise the index. The index is a market-cap weightedportfolio measuring the performance of the top 50 non-U.S. companies, includingcompanies domiciled in emerging markets, ranked quarterly by marketcapitalization in the IPOX(R) Global Composite Index (the "Base Index"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.24

Average Daily Volume

14,451

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IPOS	FPXI
30 Days	-1.61%	-3.61%
60 Days	1.01%	-0.60%
90 Days	6.85%	6.29%
12 Months	-14.02%	14.91%

0 Overlapping Holdings

	Symbol	Grade	Weight in IPOS	Weight in FPXI	Overlap

IPOS Overweight 1 Positions Relative to FPXI

	Symbol	Grade	Weight
	LSPD	D	1.71%

IPOS Underweight 15 Positions Relative to FPXI

Symbol	Grade	Weight
PDD	B	-5.06%
SPOT	B	-4.79%
ARM	F	-4.63%
NVT	A	-4.42%
NU	C	-4.31%
NVO	C	-4.24%
GSK	C	-2.74%
MNDY	D	-2.07%
NTES	D	-1.95%
SN	A	-1.55%
CPNG	A	-1.36%
ICLR	C	-1.21%
TCOM	A	-1.05%
RBA	C	-0.45%
BIRK	D	-0.27%

IPOS: Top Represented Industries & Keywords

Industries: Software - Application

Keywords: Cloud Computing Cloud Infrastructure Computing Digital Transformation E Commerce Fintech Lightspeed Omnichannel Point Of Sale Point Of Sale Systems