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Critical Facts You Need to Know About Preferred Stocks
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Sector Rating
Recommendation *
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Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
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Renaissance IPO ETF
etf
IPO
Dividend policy
Suspended
Price as of:
$68.27
-1.25
0%
primary theme
U.S. Mid-Cap Growth Equity
IPO (ETF)
Renaissance IPO ETF
Dividend policy
Suspended
Price as of:
$68.27
-1.25
0%
primary theme
U.S. Mid-Cap Growth Equity
IPO (ETF)
Renaissance IPO ETF
Dividend policy
Suspended
Price as of:
$68.27
-1.25
0%
primary theme
U.S. Mid-Cap Growth Equity
IPO - Snapshot
Vitals
- YTD Return 5.9%
- 3 Yr Annualized Return 32.1%
- 5 Yr Annualized Return 25.8%
- Net Assets $734 M
- Holdings in Top 10 60.7%
52 WEEK LOW AND HIGH
$69.52
$21.62
$69.79
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.60%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 152.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) N/A
- IRA N/A
Fund Classification
- Primary Theme U.S. Mid-Cap Growth Equity
- Fund Type Exchange Traded Fund
- Investment Style Mid-Cap Growth
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$17.54
-0.85%
$5.56 B
12.14%
$2.15
blocked
blocked
blocked
2.87%
-
$21.67
-1.14%
$1.68 B
0.85%
$0.18
blocked
blocked
blocked
5.09%
-
$17.40
-0.63%
$710.45 M
0.01%
$0.00
blocked
blocked
blocked
3.57%
-
$14.26
-1.11%
$23.57 M
0.36%
$0.05
blocked
blocked
blocked
4.09%
-
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
Vanguard Mid-Cap Growth Index Fund
VOT | ETF
$215.51
-0.59%
$20.93 B
0.42%
$0.92
blocked
blocked
blocked
1.62%
-
iShares Russell Mid-Cap Growth ETF
IWP | ETF
$104.88
-0.78%
$15.27 B
0.37%
$0.39
blocked
blocked
blocked
2.17%
-
iShares S&P Mid-Cap 400 Growth ETF
IJK | ETF
$75.92
-1.11%
$7.89 B
0.66%
$0.51
blocked
blocked
blocked
5.12%
-
SPDR® S&P 400 Mid Cap Growth ETF
MDYG | ETF
$72.87
-1.07%
$2.04 B
0.67%
$0.49
blocked
blocked
blocked
5.11%
-
$64.12
-2.85%
$1.80 B
0.61%
$0.40
blocked
blocked
blocked
11.24%
-
IPO - Profile
Distributions
- YTD Total Return 5.9%
- 3 Yr Annualized Total Return 32.1%
- 5 Yr Annualized Total Return 25.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.21%
- Dividend Yield 0.1%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameRenaissance IPO ETF
-
Fund Family NameRenaissance Capital
-
Inception DateOct 16, 2013
-
Shares Outstanding11400000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerWilliam Smith
Fund Description
The fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the index. It normally invests at least 80% of its total assets in securities that comprise the index. The index is a portfolio of companies that have recently completed an initial public offering ("IPO") and are listed on a U.S. exchange. The fund is non-diversified.
IPO - Performance
Return Ranking - Trailing
| Period | IPO Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.9% | -1.8% | 18.0% | 17.95% |
| 1 Yr | 107.3% | 2.6% | 152.5% | 3.59% |
| 3 Yr | 32.1%* | 1.6% | 57.6% | 7.11% |
| 5 Yr | 25.8%* | 6.6% | 45.5% | 7.09% |
| 10 Yr | N/A* | 7.2% | 24.0% | N/A |
* Annualized
Return Ranking - Calendar
| Period | IPO Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 107.3% | -69.7% | 2474.5% | 3.80% |
| 2019 | 33.7% | -50.2% | 44.9% | 16.67% |
| 2018 | -17.5% | -70.5% | 9.2% | 62.34% |
| 2017 | 36.5% | -21.1% | 84.9% | 1.70% |
| 2016 | -1.1% | -61.7% | 39.8% | 68.03% |
Total Return Ranking - Trailing
| Period | IPO Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.9% | -1.8% | 18.0% | 17.95% |
| 1 Yr | 107.3% | -2.9% | 152.5% | 3.60% |
| 3 Yr | 32.1%* | 1.6% | 57.6% | 6.77% |
| 5 Yr | 25.8%* | 6.6% | 45.5% | 6.74% |
| 10 Yr | N/A* | 7.2% | 24.0% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | IPO Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 107.3% | -69.7% | 2474.5% | 3.80% |
| 2019 | 33.7% | -50.2% | 44.9% | 16.67% |
| 2018 | -17.5% | -51.7% | 12.2% | 76.02% |
| 2017 | 36.5% | -7.0% | 84.9% | 3.40% |
| 2016 | -1.1% | -61.7% | 39.8% | 92.21% |
IPO - Holdings
Concentration Analysis
| IPO | Category Low | Category High | IPO % Rank | |
|---|---|---|---|---|
| Net Assets | 734 M | 1.09 M | 39 B | 56.39% |
| Number of Holdings | 50 | 10 | 2593 | 84.63% |
| Net Assets in Top 10 | 446 M | 195 K | 7.69 B | 40.78% |
| Weighting of Top 10 | 60.70% | 3.9% | 97.2% | 3.58% |
Top 10 Holdings
- Moderna Inc 10.79%
- Peloton Interactive Inc 9.84%
- Uber Technologies Inc 9.65%
- Zoom Video Communications Inc 8.51%
- CrowdStrike Holdings Inc Class A 8.13%
- Pinduoduo Inc ADR 7.22%
- Pinterest Inc 6.75%
- NIO Inc ADR 4.57%
- Slack Technologies Inc Class A 4.12%
- Datadog Inc Class A 3.83%
Asset Allocation
| Weighting | Return Low | Return High | IPO % Rank | |
|---|---|---|---|---|
| Stocks | 99.62% | 0.07% | 102.10% | 19.39% |
| Cash | 0.38% | -5.31% | 41.10% | 77.83% |
| Preferred Stocks | 0.00% | 0.00% | 1.59% | 33.82% |
| Other | 0.00% | -0.87% | 39.00% | 39.00% |
| Convertible Bonds | 0.00% | 0.00% | 1.20% | 27.35% |
| Bonds | 0.00% | 0.00% | 17.46% | 30.53% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | IPO % Rank | |
|---|---|---|---|---|
| Technology | 46.97% | 0.00% | 59.48% | 1.29% |
| Communication Services | 18.45% | 0.00% | 24.80% | 2.43% |
| Consumer Cyclical | 14.58% | 0.00% | 67.94% | 35.11% |
| Healthcare | 7.28% | 0.00% | 39.13% | 93.04% |
| Financial Services | 3.96% | 0.00% | 37.20% | 68.93% |
| Basic Materials | 3.57% | 0.00% | 20.37% | 13.43% |
| Consumer Defense | 2.60% | 0.00% | 15.94% | 59.22% |
| Real Estate | 1.68% | 0.00% | 14.19% | 62.14% |
| Industrials | 0.92% | 0.00% | 34.76% | 97.57% |
| Utilities | 0.00% | 0.00% | 5.78% | 45.79% |
| Energy | 0.00% | 0.00% | 49.06% | 52.91% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | IPO % Rank | |
|---|---|---|---|---|
| US | 90.18% | 29.81% | 100.08% | 75.73% |
| Non US | 9.44% | 0.00% | 56.23% | 16.99% |
IPO - Expenses
Operational Fees
| IPO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.60% | 0.05% | 25.69% | 93.37% |
| Management Fee | 0.60% | 0.00% | 1.50% | 15.36% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| IPO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| IPO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.20% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| IPO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 152.00% | 1.00% | 457.00% | 94.36% |
IPO - Distributions
Dividend Yield Analysis
| IPO | Category Low | Category High | IPO % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.10% | 0.00% | 1.37% | 3.04% |
Dividend Distribution Analysis
| IPO | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| IPO | Category Low | Category High | IPO % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.21% | -2.48% | 1.52% | 36.51% |
Capital Gain Distribution Analysis
| IPO | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Monthly | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Mar 27, 2020 | $0.066 |
| Dec 20, 2019 | $0.064 |
| Jun 21, 2019 | $0.019 |
| Mar 22, 2019 | $0.062 |
| Sep 21, 2018 | $0.017 |
| Jun 22, 2018 | $0.068 |
| Mar 23, 2018 | $0.030 |
| Sep 22, 2017 | $0.016 |
| Jun 26, 2017 | $0.085 |
| Mar 27, 2017 | $0.022 |
| Sep 26, 2016 | $0.028 |
| Jun 27, 2016 | $0.021 |
| Mar 29, 2016 | $0.035 |
| Dec 29, 2015 | $0.012 |
| Mar 30, 2015 | $0.011 |
| Sep 29, 2014 | $0.011 |
| Jun 30, 2014 | $0.027 |
| Mar 31, 2014 | $0.007 |
| Dec 31, 2013 | $0.016 |
IPO - Fund Manager Analysis
Managers
William Smith
Start Date
Tenure
Tenure Rank
Oct 16, 2013
7.21
7.2%
Mr. Smith is a co-founder and president of Renaissance Capital Corporation. Prior to forming the firm in 1991, he was an investment banking senior vice president at Kidder Peabody where he was a founding member of Kidder's Financial Restructuring Group. Before that, he specialized in corporate restructurings, valuations and mergers as a vice president in the Corporate Finance Group at Bear Stearns. Also, Mr. Smith was a senior manager in management consulting at the Touche Ross Financial Services Center.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 34.88 | 8.16 | 3.84 |
