IPO - RENAISSANCE CAPITAL GREENWICH FUNDS

Form Type: 497K

Filing Date: 2025-01-24

Corporate Action: Ipo

Type: New

Accession Number: 000158064225000435

Filing Summary: The document serves as a summary prospectus for the Renaissance International IPO ETF, which aims to replicate the price and yield performance of the Renaissance International IPO Index. The Fund primarily invests in companies that have recently gone public and are listed on non-U.S. exchanges, focusing on IPOs that meet specific size, liquidity, and free float criteria. Its principal investment strategy involves holding at least 80% of its assets in securities included in the Index while maintaining a restrictive investment policy. The Fund has a low annual operating expense ratio of 0.80% and does not charge shareholder fees. Significant risks inherent to investing in the Fund include IPO investment volatility, emerging market risks, and non-U.S. issuer risks, among others. It is suggested that potential investors understand these risks before proceeding with investments. The summary mentions that the prospectus and additional information can be found online or requested via phone or email, with the effective date of the prospectus being January 31, 2025.

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