Morningstar

Renaissance IPO ETF IPO

Morningstar Medalist Rating
Medalist Rating as of | See Renaissance Capital Investment Hub

Morningstar’s Analysis IPO

Will IPO outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IPO’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the IPO management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of IPO’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Renaissance IPO ETF's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings IPO

More IPO Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 67.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Kenvue Inc

10.13 15.1 Mil
Consumer Defensive

ARM Holdings PLC ADR

9.60 14.3 Mil
Technology

Nu Holdings Ltd Ordinary Shares Class A

9.48 14.1 Mil
Financial Services

Cava Group Inc

6.69 10.0 Mil
Consumer Cyclical

Kaspi.kz JSC ADS

6.68 10.0 Mil
Technology

Rivian Automotive Inc Class A

6.22 9.3 Mil
Consumer Cyclical

Corebridge Financial Inc

5.30 7.9 Mil
Financial Services

Maplebear Inc

5.04 7.5 Mil
Consumer Cyclical

GitLab Inc Class A

4.26 6.3 Mil
Technology

NEXTracker Inc Ordinary Shares - Class A

3.94 5.9 Mil
Technology

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