Form NPORT-P RENAISSANCE CAPITAL GREE For: Jun 30

  
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          0001026634
          XXXXXXXX
        
      
      
      
      
        S000046875
        C000146463
      
      
      
    
  
  
    
      RENAISSANCE CAPITAL GREENWICH FUNDS
      811-08049
      0001026634
      254900CMVC5Q0DQ3TK16
      100 First Stamford Place
      Suite 403
      Stamford
      
      06902
      203-622-2978
      Renaissance International IPO ETF
      S000046875
      2549002WS2ZEW3J94213
      2022-09-30
      2022-06-30
      N
    
    
      10947654.12
      60211.54
      10887442.58
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      113850.84000000
      
        
        
        
        
        
        
      
      
        
          
            UST
          
        
      
      
        
          
        
        
          
            
            
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Oxford Nanopore Technologies PLC
        213800IRWQ2Q6M2CDW55
        
        000000000
        
          
        
        58097.00000000
        NS
        
        195544.94000000
        1.796059437862
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        Azelis Group NV
        699400M9RRMTV264FM70
        
        000000000
        
          
        
        5397.00000000
        NS
        
        118092.81000000
        1.084669876624
        Long
        EC
        CORP
        BE
        N
        
        1
        
          N
          N
          N
        
      
      
        PTT Oil & Retail Business PCL
        254900E86F1OANU6B371
        
        000000000
        
          
        
        254277.00000000
        NS
        
        183398.77000000
        1.684498160632
        Long
        EC
        CORP
        TH
        N
        
        1
        
          N
          N
          N
        
      
      
        La Francaise des Jeux SAEM
        969500R4CLSQFTYYI535
        
        000000000
        
          
        
        7976.00000000
        NS
        
        275995.99000000
        2.534993759755
        Long
        EC
        CORP
        FR
        N
        
        1
        
          N
          N
          N
        
      
      
        Smoore International Holdings Ltd
        N/A
        
        000000000
        
          
        
        162236.00000000
        NS
        
        500345.52000000
        4.595620287533
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          
        
      
      
        JS Global Lifestyle Co Ltd
        254900YP54EOBADL7333
        
        000000000
        
          
        
        58055.00000000
        NS
        
        75613.26000000
        0.694499736227
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        State Street Global Advisors
        5493008BJIBKQ5KTIF74
        
        857492706
        
          
        
        43718.40000000
        NS
        USD
        43718.40000000
        0.401548845642
        Long
        STIV
        RF
        US
        N
        
        N/A
        
          
          N
          N
        
      
      
        AutoStore Holdings Ltd
        549300KYN3M0LSM5A413
        
        000000000
        
          
        
        52909.00000000
        NS
        
        75202.90000000
        0.690730623352
        Long
        EC
        CORP
        BM
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Evergrande Property Services Group Ltd
        N/A
        
        000000000
        
          
        
        257103.00000000
        NS
        
        37680.13000000
        0.346087979092
        Long
        EC
        CORP
        KY
        
        N
        
        3
        
          N
          N
          N
        
      
      
        Pop Mart International Group Ltd
        9845000A05E8F937E337
        
        000000000
        
          
        
        65430.00000000
        NS
        
        316026.53000000
        2.902670004253
        Long
        EC
        CORP
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        N
        
        1
        
          N
          N
          
        
      
      
        CTP NV
        3157000YTVO4TN65UM14
        
        000000000
        
          
        
        6013.00000000
        NS
        
        69314.56000000
        0.636646847877
        Long
        EC
        CORP
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        N
        
        1
        
          N
          N
          N
        
      
      
        Nongfu Spring Co Ltd
        300300P08GGT4SKR9G93
        
        000000000
        
          
        
        101755.00000000
        NS
        
        584195.18000000
        5.365770480141
        Long
        EC
        CORP
        CN
        N
        
        1
        
          N
          N
          
        
      
      
        Joinn Laboratories China Co Ltd
        N/A
        
        000000000
        
          
        
        5256.00000000
        NS
        
        44275.58000000
        0.406666484573
        Long
        EC
        CORP
        CN
        N
        
        1
        
          N
          N
          N
        
      
      
        China Resources Mixc Lifestyle Services Ltd
        N/A
        
        000000000
        
          
        
        53227.00000000
        NS
        
        263869.39000000
        2.423612230889
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Central Retail Corp PCL
        N/A
        
        000000000
        
          
        
        254235.00000000
        NS
        
        251682.22000000
        2.311674373028
        Long
        EC
        CORP
        TH
        N
        
        1
        
          N
          N
          N
        
      
      
        JD Logistics Inc
        655600LWTFVMV3E2A890
        
        000000000
        
          
        
        146893.00000000
        NS
        
        320488.37000000
        2.943651529228
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ESR Group Ltd
        549300C81AR42BZUFZ09
        
        000000000
        
          
        
        151927.00000000
        NS
        
        410466.99000000
        3.770095566373
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Hygeia Healthcare Holdings Co Ltd
        2549001Z9KHQTRR29237
        
        000000000
        
          
        
        30753.00000000
        NS
        
        204385.09000000
        1.877255273662
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          
        
      
      
        Asset World Corp PCL
        N/A
        
        000000000
        
          
        
        648962.00000000
        NS
        
        89575.30000000
        0.822739585920
        Long
        EC
        CORP
        TH
        N
        
        1
        
          N
          N
          N
        
      
      
        Bridgepoint Group PLC
        213800KFNMVI8PDZX472
        
        000000000
        
          
        
        23417.00000000
        NS
        
        68869.33000000
        0.632557457768
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        JDE Peet's NV
        724500EHG519SE5ZRT89
        
        000000000
        
          
        
        7660.00000000
        NS
        
        218021.39000000
        2.002503236164
        Long
        EC
        CORP
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        1
        
          N
          N
          N
        
      
      
        Topsports International Holdings Ltd
        N/A
        
        000000000
        
          
        
        162200.00000000
        NS
        
        147383.14000000
        1.353698436680
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Nuvei Corp
        N/A
        
        67079A102
        
          
        
        6019.00000000
        NS
        
        217529.43000000
        1.997984635984
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        Volvo Car AB
        5299000EAMGGBEYP7J33
        
        000000000
        
          
        
        45165.00000000
        NS
        
        300047.74000000
        2.755906520702
        Long
        EC
        CORP
        SE
        N
        
        1
        
          N
          N
          N
        
      
      
        Pepco Group NV
        213800OVMJPFP79OB449
        
        000000000
        
          
        
        9895.00000000
        NS
        
        76927.25000000
        0.706568594366
        Long
        EC
        CORP
        NL
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Shenzhen Hepalink Pharmaceutical Group Co Ltd
        N/A
        
        000000000
        
          
        
        8274.00000000
        NS
        
        7613.08000000
        0.069925328598
        Long
        EC
        CORP
        CN
        N
        
        1
        
          N
          N
          
        
      
      
        Hangzhou Tigermed Consulting Co Ltd
        300300CP4N8WDF6DOO67
        
        000000000
        
          
        
        11259.00000000
        NS
        
        130141.11000000
        1.195332228333
        Long
        EC
        CORP
        CN
        N
        
        1
        
          N
          N
          N
        
      
      
        Pharmaron Beijing Co Ltd
        300300JYXHGVS5SNGG54
        
        000000000
        
          
        
        18333.00000000
        NS
        
        183521.58000000
        1.685626157396
        Long
        EC
        CORP
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        N
        
        1
        
          N
          N
          N
        
      
      
        Wise PLC
        213800LD9XCHIC1C4V71
        
        000000000
        
          
        
        42535.00000000
        NS
        
        153987.38000000
        1.414357677374
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        Var Energi ASA
        549300LIVN3FFOJN2K47
        
        000000000
        
          
        
        23750.00000000
        NS
        
        93206.52000000
        0.856091954700
        Long
        EC
        CORP
        NO
        N
        
        1
        
          N
          N
          N
        
      
      
        Budweiser Brewing Co APAC Ltd
        549300YF1MR4GTF18132
        
        000000000
        
          
        
        155489.00000000
        NS
        
        465666.45000000
        4.277096724766
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Monde Nissin Corp
        549300CUOTXJCLZ00K49
        
        000000000
        
          
        
        511469.00000000
        NS
        
        120925.65000000
        1.110689210174
        Long
        EC
        CORP
        PH
        N
        
        1
        
          N
          N
          N
        
      
      
        Kuaishou Technology
        300300FCDZBE6UP9ED24
        
        000000000
        
          
        
        99590.00000000
        NS
        
        1109263.14000000
        10.18846374480
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Allfunds Group Plc
        9598005U8TZQ8Q64SC71
        
        000000000
        
          
        
        22219.00000000
        NS
        
        171373.19000000
        1.574044489702
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        EQT AB
        213800U7P9GOIRKCTB34
        
        000000000
        
          
        
        26120.00000000
        NS
        
        534668.78000000
        4.910875773362
        Long
        EC
        CORP
        SE
        N
        
        1
        
          N
          N
          N
        
      
      
        Converge Information and Communications Technology Solutions Inc
        254900CGJPNECN6ENN96
        
        000000000
        
          
        
        177097.00000000
        NS
        
        68120.42000000
        0.625678799217
        Long
        EC
        CORP
        PH
        N
        
        1
        
          N
          N
          N
        
      
      
        Poly Property Services Co Ltd
        N/A
        
        000000000
        
          
        
        12611.00000000
        NS
        
        80357.60000000
        0.738075993600
        Long
        EC
        CORP
        CN
        N
        
        1
        
          N
          N
          
        
      
      
        GQG Partners Inc
        254900I3AQSQQQA75U50
        
        000000000
        
          
        
        57664.00000000
        NS
        
        58111.78000000
        0.533750507274
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Jiumaojiu International Holdings Ltd
        6556009ZSGTEPL7MEK84
        
        000000000
        
          
        
        56936.00000000
        NS
        
        151286.59000000
        1.389551209003
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          
        
      
      
        Airtel Africa PLC
        254900ZNZDQL6OWQH623
        
        000000000
        
          
        
        99160.00000000
        NS
        
        163196.53000000
        1.498942738855
        Long
        EC
        CORP
        GB
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Antin Infrastructure Partners SA
        2138008FABJXP4HUOK53
        
        000000000
        
          
        
        2374.00000000
        NS
        
        56026.01000000
        0.514592932071
        Long
        EC
        CORP
        FR
        N
        
        1
        
          N
          N
          N
        
      
      
        China Feihe Ltd
        N/A
        
        000000000
        
          
        
        361719.00000000
        NS
        
        415800.76000000
        3.819085675490
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        SCG Packaging PCL
        254900GZ121E5NIATI41
        
        000000000
        
          
        
        109440.00000000
        NS
        
        171798.05000000
        1.577946783531
        Long
        EC
        CORP
        TH
        N
        
        1
        
          N
          N
          N
        
      
      
        Nordnet AB publ
        549300D6WW5ZTWLZ4C08
        
        000000000
        
          
        
        15650.00000000
        NS
        
        204541.17000000
        1.878688851831
        Long
        EC
        CORP
        SE
        N
        
        1
        
          N
          N
          N
        
      
      
        JL Mag Rare-Earth Co Ltd
        65560079RZSGJHK7CG66
        
        000000000
        
          
        
        3936.00000000
        NS
        
        14295.76000000
        0.131305032333
        Long
        EC
        CORP
        CN
        N
        
        1
        
          N
          N
          N
        
      
      
        Corp ACCIONA Energias Renovables SA
        254900UPX0OEHTKB9Y44
        
        000000000
        
          
        
        5206.00000000
        NS
        
        200657.99000000
        1.843022257298
        Long
        EC
        CORP
        ES
        N
        
        1
        
          N
          N
          N
        
      
      
        Traton SE
        529900UIMQRKPFN6SV80
        
        000000000
        
          
        
        4522.00000000
        NS
        
        66154.07000000
        0.607618083989
        Long
        EC
        CORP
        DE
        N
        
        1
        
          N
          N
          N
        
      
      
        Blue Moon Group Holdings Ltd
        N/A
        
        000000000
        
          
        
        77532.00000000
        NS
        
        66200.80000000
        0.608047294059
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          
        
      
      
        OVH Groupe SAS
        9695001J8OSOVX4TP939
        
        000000000
        
          
        
        1767.00000000
        NS
        
        32034.89000000
        0.294237051213
        Long
        EC
        CORP
        FR
        N
        
        1
        
          N
          N
          
        
      
      
        Asymchem Laboratories Tianjin Co Ltd
        8368002CY8G4Q85YRQ60
        
        000000000
        
          
        
        1249.00000000
        NS
        
        29447.04000000
        0.270467924708
        Long
        EC
        CORP
        CN
        N
        
        1
        
          N
          N
          
        
      
      
        InPost SA
        2221003M23QLERR89585
        
        000000000
        
          
        
        18527.00000000
        NS
        
        107405.82000000
        0.986511012212
        Long
        EC
        CORP
        LU
        
        N
        
        1
        
          N
          N
          
        
      
      
        JD Health International Inc
        254900OM3MAXYK8PCC84
        
        000000000
        
          
        
        67410.00000000
        NS
        
        528761.47000000
        4.856617760458
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Allegro.eu SA
        222100VRLXV3FPMG4982
        
        000000000
        
          
        
        35432.00000000
        NS
        
        188529.49000000
        1.731623277135
        Long
        EC
        CORP
        LU
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Verallia SA
        5299007YZU978DE0ZY32
        
        000000000
        
          
        
        6324.00000000
        NS
        
        150968.43000000
        1.386628943305
        Long
        EC
        CORP
        FR
        N
        
        1
        
          N
          N
          N
        
      
      
        Fix Price Group Ltd
        549300EXJV1RPGZNH608
        
        33835G205
        
          
        
        11913.00000000
        NS
        USD
        119.13000000
        0.001094196356
        Long
        EC
        CORP
        VG
        
        N
        
        3
        
          N
          N
          N
        
      
    
    
      
      
      
      
    
    
      2022-07-21
      RENAISSANCE CAPITAL GREENWICH FUNDS
      William Smith
      William Smith
      President
    
  
  XXXX

Renaissance IPO ETF PORTFOLIO OF INVESTMENTS (Unaudited)

June 30, 2022

 

Shares						Value (US$)
				COMMON STOCKS - 99.9%
				COMMUNICATION SERVICES - 7.4%
				Entertainment - 3.8%
	53,952			Endeavor Group Holdings, Inc. - Class A *		$	1,109,253
	46,927			Playtika Holding Corp. *			621,314
	162,854			ROBLOX Corp. - Class A *			5,351,382
							7,081,949
				Interactive Media & Services - 3.6%
	61,374			Kanzhun Ltd. - ADR *			1,612,909
	39,004			Bumble, Inc. - Class A *			1,097,963
	125,284			ZoomInfo Technologies, Inc. *			4,164,440
							6,875,312
							13,957,261
				CONSUMER DISCRETIONARY - 24.6%
				Automobiles - 9.9%
	236,339			Li Auto, Inc. - ADR *			9,054,147
	81,173			Rivian Automotive, Inc. - Class A *			2,089,393
	239,735			XPeng, Inc. - ADR *			7,609,189
							18,752,729
				Hotels, Restaurants & Leisure - 8.0%
	170,865			Airbnb, Inc. - Class A *			15,220,654
				Internet & Direct Marketing Retail - 5.6%
	264,629			Coupang, Inc. *			3,374,020
	113,961			DoorDash, Inc. - Class A *			7,312,877
	13,440			Ozon Holdings PLC - ADR * ±			135
							10,687,032
				Leisure Equipment & Products - 0.7%
	135,550			Peloton Interactive, Inc. - Class A *			1,244,349
				Specialty Retail - 0.3%
	36,514			Petco Health & Wellness Co., Inc. *			538,216
				Textiles, Apparel & Luxury Goods - 0.1%
	13,418			On Holding AG - Class A *			237,364
							46,680,344
				CONSUMER STAPLES - 1.8%
				Food & Staples Retailing - 1.0%
	73,136			Albertsons Cos., Inc. - Class A			1,954,194
				Household Products - 0.4%
	24,651			Reynolds Consumer Products, Inc.			672,233
				Personal Products - 0.4%
	56,474			Olaplex Holdings, Inc. (a)			795,718
							3,422,145
				FINANCIALS - 6.4%
				Banks - 0.3%
	140,206			NU Holdings Ltd. - Class A *			524,370
				Capital Markets - 4.3%
	70,646			Coinbase Global, Inc. - Class A * (a)			3,321,775
	253,037			Robinhood Markets, Inc. - Class A *			2,079,964
	16,921			TPG, Inc.			404,581
	137,656			XP, Inc. - Class A *			2,472,302
							8,278,622
				Consumer Finance - 1.0%
	313,121			Lufax Holding Ltd. - ADR			1,878,726

See accompanying Notes to Financial Statements.

Renaissance IPO ETF PORTFOLIO OF INVESTMENTS (Unaudited)

June 30, 2022 (Continued)

 

Shares						Value (US$)
				Insurance - 0.8%
	37,429			Ryan Specialty Holdings, Inc. *		$	1,466,843
							12,148,561
				HEALTH CARE - 13.7%
				Biotechnology - 3.2%
	36,768			BioNTech SE - ADR			5,482,109
	11,253			Legend Biotech Corp. - ADR *			618,915
							6,101,024
				Health Care Equipment & Supplies - 1.6%
	15,807			Bausch + Lomb Corp. *			240,899
	74,151			Envista Holdings Corp. *			2,857,779
							3,098,678
				Health Care Providers & Services - 1.5%
	85,194			agilon health, Inc. *			1,859,785
	52,942			Oak Street Health, Inc. *			870,367
							2,730,152
				Health Care Technology - 1.5%
	114,507			Change Healthcare, Inc. *			2,640,531
	7,083			Doximity, Inc. - Class A * (a)			246,630
							2,887,161
				Life Sciences Tools & Services - 2.2%
	41,401			10X Genomics, Inc. - Class A *			1,873,395
	49,977			Maravai LifeSciences Holdings, Inc. - Class A *			1,419,847
	44,922			Sotera Health Co. *			880,022
							4,173,264
				Pharmaceuticals - 3.7%
	167,369			Royalty Pharma PLC - Class A			7,036,193
							26,026,472
				INDUSTRIALS - 4.6%
				Commercial Services & Supplies - 0.9%
	62,256			GFL Environmental, Inc.			1,606,205
				Marine - 0.9%
	37,317			ZIM Integrated Shipping Services Ltd. (a)			1,762,482
				Professional Services - 0.9%
	114,469			Dun & Bradstreet Holdings, Inc. *			1,720,469
				Road & Rail - 1.6%
	290,803			Full Truck Alliance Co. Ltd. - ADR * (a)			2,634,675
	17,945			Hertz Global Holdings, Inc. *			284,249
							2,918,924
				Trading Companies & Distributors - 0.3%
	27,334			Core & Main, Inc. - Class A *			609,548
							8,617,628
				INFORMATION TECHNOLOGY - 38.8%
				IT Services - 12.8%
	79,918			Affirm Holdings, Inc. *			1,443,319
	127,401			Cloudflare, Inc. - Class A *			5,573,793
	34,533			DigitalOcean Holdings, Inc. *			1,428,285
	47,264			Dlocal Ltd. * (a)			1,240,680
	196,525			Marqeta, Inc. - Class A *			1,593,818
	89,431			Snowflake, Inc. - Class A *			12,436,275
	38,625			Thoughtworks Holding, Inc. *			544,999
							24,261,169

See accompanying Notes to Financial Statements.

Renaissance IPO ETF PORTFOLIO OF INVESTMENTS (Unaudited)

June 30, 2022 (Continued)

 

Shares						Value (US$)
				Semiconductors & Semiconductor Equipment - 0.9%
	21,628			Allegro MicroSystems, Inc. *		$	447,483
	28,431			GLOBALFOUNDRIES, Inc. *			1,146,907
							1,594,390
				Software - 25.1%
	102,520			AppLovin Corp. - Class A * (a)			3,530,789
	33,219			Asana, Inc. - Class A * (a)			583,990
	76,809			Bentley Systems, Inc. - Class B			2,557,740
	44,481			Bill.com Holdings, Inc. *			4,890,241
	56,506			Confluent, Inc. - Class A *			1,313,199
	117,882			Datadog, Inc. - Class A *			11,227,082
	90,646			Dynatrace, Inc. *			3,575,078
	44,645			Freshworks, Inc. - Class A *			587,082
	22,219			Gitlab, Inc. - Class A *			1,180,718
	5,745			HashiCorp, Inc. - Class A * (a)			169,133
	16,154			Informatica, Inc. - Class A *			335,518
	5,476			Monday.com Ltd. *			564,904
	824,835			Palantir Technologies, Inc. - Class A *			7,481,253
	21,401			Paycor HCM, Inc. *			556,426
	31,796			Procore Technologies, Inc. *			1,443,220
	52,699			Qualtrics International, Inc. - Class A *			659,264
	18,269			SentinelOne, Inc. - Class A *			426,216
	170,035			UiPath, Inc. - Class A *			3,092,937
	94,930			Unity Software, Inc. *			3,495,323
							47,670,113
							73,525,672
				REAL ESTATE - 2.6%
				Real Estate Management & Development - 2.6%
	275,286			KE Holdings, Inc. - ADR *			4,941,384
				TOTAL COMMON STOCKS (Cost - $309,106,348)			189,319,467

See accompanying Notes to Financial Statements.

Renaissance IPO ETF PORTFOLIO OF INVESTMENTS (Unaudited)

June 30, 2022 (Continued)

 

Shares						Value (US$)
				SHORT-TERM INVESTMENTS - 3.1%
	5,929,782			State Street Navigator Securities Lending Government Money Market Portfolio (b)		$	5,929,782
				TOTAL SHORT-TERM INVESTMENTS (Cost - $5,929,782)			5,929,782
				TOTAL INVESTMENTS - 103.0% (Cost - $315,036,130) (c)		$	195,249,249
				LIABILITIES LESS OTHER ASSETS - (3.0) %			(5,605,289	)
				NET ASSETS - 100.0%		$	189,643,960

 

*

Non-income producing security.

 

±

Investments categorized as a significant unobservable input (Level 3).

 

(a)

Securities (or a portion of the security) on loan. As of June 30, 2022, the market value of securities loaned was $8,733,467. The loaned securities were secured with cash collateral of $5,929,782 and non-cash collateral with a value of $3,064,752. The non-cash collateral received consists primarily of U.S. treasuries, and is held for the benefit of the Fund at the Fund’s custodian. The Fund cannot repledge or resell this collateral. Collateral is calculated based on prior day’s prices.

 

(b)

Represents investments of cash collateral received in connection with securities lending.

 

(c)

Represents cost for financial reporting purposes. The cost for Federal income tax purposes is $315,036,130. At June 30, 2022, net depreciation for all securities was $119,786,881. This consists of aggregate gross unrealized appreciation of $3,086,167 and aggregate gross unrealized depreciation of $122,873,048.

 

ADR - American Depositary Receipt

 

PLC - Public Limited Company

 

See accompanying Notes to Financial Statements.

Renaissance International IPO ETF PORTFOLIO OF INVESTMENTS (Unaudited)

June 30, 2022 (Continued)

 

Shares						Value (US$)
				COMMON STOCKS - 98.9%
				BELGIUM - 1.1%
	5,397			Azelis Group NV		$	118,093
				BRITAIN - 7.6%
	99,160			Airtel Africa PLC			163,197
	22,219			Allfunds Group PLC			171,373
	23,417			Bridgepoint Group PLC			68,869
	58,097			Oxford Nanopore Technologies PLC *			195,545
	9,895			Pepco Group NV *			76,927
	42,535			Wise PLC - Class A *			153,988
							829,899
				CANADA - 2.0%
	6,019			Nuvei Corp. *			217,530
				CHINA - 47.2%
	1,249			Asymchem Laboratories Tianjin Co. Ltd. - Class H (a)			29,447
	77,532			Blue Moon Group Holdings Ltd. (a)			66,201
	361,719			China Feihe Ltd.			415,801
	53,227			China Resources Mixc Lifestyle Services Ltd.			263,869
	257,103			Evergrande Property Services Group Ltd. * ±			37,680
	11,259			Hangzhou Tigermed Consulting Co. Ltd. - Class H			130,141
	30,753			Hygeia Healthcare Holdings Co. Ltd. (a)			204,385
	67,410			JD Health International, Inc. *			528,761
	146,893			JD Logistics, Inc. *			320,488
	56,936			Jiumaojiu International Holdings Ltd.  (a)			151,287
	3,936			JL Mag Rare-Earth Co. Ltd. - Class H			14,296
	5,256			Joinn Laboratories China Co. Ltd. - Class H			44,276
	99,590			Kuaishou Technology *			1,109,263
	101,755			Nongfu Spring Co. Ltd. - Class H (a)			584,195
	18,333			Pharmaron Beijing Co. Ltd. - Class H			183,522
	12,611			Poly Property Services Co. Ltd. - Class H (a)			80,358
	65,430			Pop Mart International Group Ltd. (a)			316,027
	8,274			Shenzhen Hepalink Pharmaceutical Group Co. Ltd. - Class H (a)			7,613
	162,236			Smoore International Holdings Ltd. (a)			500,345
	162,200			Topsports International Holdings Ltd.			147,383
							5,135,338
				FRANCE - 4.7%
	2,374			Antin Infrastructure Partners SA *			56,026
	7,976			La Francaise des Jeux SAEM			275,996
	1,767			OVH Groupe SAS * (a)			32,035
	6,324			Verallia SA			150,968
							515,025
				GERMANY - 0.6%
	4,522			Traton SE			66,154
				HONG KONG - 8.7%
	155,489			Budweiser Brewing Co. APAC Ltd.			465,667
	151,927			ESR Group Ltd. *			410,467
	58,055			JS Global Lifestyle Co. Ltd.			75,613
							951,747
				NETHERLANDS - 2.6%
	6,013			CTP NV			69,315
	7,660			JDE Peet’s NV			218,021
							287,336

See accompanying Notes to Financial Statements.

Renaissance International IPO ETF PORTFOLIO OF INVESTMENTS (Unaudited)

June 30, 2022 (Continued)

 

Shares						Value (US$)
				NORWAY - 1.6%
	52,909			AutoStore Holdings Ltd. *		$	75,203
	23,750			Var Energi ASA			93,206
							168,409
				PHILIPPINES - 1.7%
	177,097			Converge Information & Communications Technology Solutions, Inc. *			68,120
	511,469			Monde Nissin Corp. *			120,926
							189,046
				POLAND - 2.7%
	35,432			Allegro.eu SA *			188,529
	18,527			InPost SA * (a)			107,406
							295,935
				RUSSIA - 0.0%
	11,913			Fix Price Group Ltd. - GDR  ±			119
				SPAIN - 1.9%
	5,206			Corp. ACCIONA Energias Renovables SA			200,658
				SWEDEN - 9.6%
	26,120			EQT AB *			534,669
	15,650			Nordnet AB publ			204,541
	45,165			Volvo Car AB - Class B *			300,048
							1,039,258
				THAILAND - 6.4%
	648,962			Asset World Corp. PCL			89,575
	254,235			Central Retail Corp. PCL			251,682
	254,277			PTT Oil & Retail Business PCL			183,399
	109,440			SCG Packaging PCL			171,798
							696,454
				UNITED STATES - 0.5%
	57,664			GQG Partners, Inc.			58,112
				TOTAL COMMON STOCKS (Cost - $14,410,282)			10,769,113

See accompanying Notes to Financial Statements.

Renaissance International IPO ETF PORTFOLIO OF INVESTMENTS (Unaudited)

June 30, 2022 (Continued)

 

Shares						Value (US$)
				SHORT-TERM INVESTMENTS - 0.4%
	43,718			State Street Navigator Securities Lending Government Money Market Portfolio (b)		$	43,718
				TOTAL SHORT-TERM INVESTMENTS (Cost - $43,718)			43,718
				TOTAL INVESTMENTS - 99.3% (Cost - $14,454,000) (c)		$	10,812,831
				OTHER ASSETS LESS LIABILITIES - 0.7 %			74,611
				NET ASSETS - 100.0%		$	10,887,442

 

*

Non-income producing security.

 

±

Investments categorized as a significant unobservable input (Level 3).

 

(a)

Securities (or a portion of the security) on loan. As of June 30, 2022, the market value of securities loaned was $1,370,442. The loaned securities were secured with cash collateral of $43,718 and non-cash collateral with a value of $1,408,995. The non-cash collateral received consists primarily of U.S. treasuries, and is held for the benefit of the Fund at the Fund’s custodian. The Fund cannot repledge or resell this collateral. Collateral is calculated based on prior day’s prices.

 

(b)

Represents investments of cash collateral received in connection with securities lending.

 

(c)

Represents cost for financial reporting purposes. The cost for Federal income tax purposes is $14,454,000. At June 30, 2022, net depreciation for all securities was $3,641,169. This consists of aggregate gross unrealized appreciation of $122,925 and aggregate gross unrealized depreciation of $3,764,094.

 

GDR - Global Depositary Receipt

 

PLC - Public Limited Company

 

See accompanying Notes to Financial Statements.

Renaissance IPO ETFs Notes to Financial Statements

For the Period Ended June 30, 2022  (Unaudited)

 

The following is a summary of significant accounting policies followed by the Funds. These policies are in conformity with accounting principles generally accepted in the United States of America (“GAAP”).

 

SECURITY VALUATION: The values of the Funds’ securities are based on the securities’ closing prices on their principal markets, where available. In the absence of a last reported sales price, values may be based on the mean between the last bid and ask prices, if available. For restricted securities, as well as securities or other assets for which market quotations are not readily available or are unreliable, those securities are to be valued at fair value using good faith estimates as determined in accordance with the Trust’s Fund Securities Valuation Procedures, which is approved annually by the Board of Trustees (the “Board”). There is no single standard for determining the fair value of such securities. Rather, in determining the fair value of a security, the Fair Value Committee, after consulting with representatives of the Fund’s Adviser, Renaissance Capital LLC (the “Advisor”), and/or the Fund’s Administrator, State Street Bank and Trust, shall take into account the relevant factors and surrounding circumstances, a few of which may include: (i) market prices for a security or securities deemed comparable, including the frequency of trades or quotes for the security and comparable securities; (ii) dealer valuations of a security or securities deemed comparable; (iii) short-term instruments with maturities of 60 days or less at the date of the purchase are valued at amortized cost, which approximates fair value; short-term instruments with maturities greater than 60 days at the date of purchase are valued at the midpoint between the latest available and representative asked and bid prices, and commencing 60 days prior to maturity such securities are valued at amortized cost; and (iv) determinations of value by one or more pricing services for a security or securities deemed comparable. The Funds may also use fair value pricing in a variety of circumstances, including, but not limited to, situations where the value of a security in a Fund’s portfolio has been materially affected by events occurring after the close of the market on which the security is principally traded, or where trading in a security has been suspended or halted. Fair value pricing involves subjective judgments and it is possible that a fair value determination for a security is materially different than the value that could be realized upon the sale of the security. In addition, fair value pricing could result in a difference between the prices used to calculate the NAV of the Funds and the prices used by each of the Funds’ benchmark indices, the Renaissance IPO Index and the Renaissance International IPO Index, respectively (the “Indices”). This may adversely affect the Funds’ ability to track the Indices.

 

The Funds utilize various methods to measure the fair value of most of their investments on a recurring basis. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of input are:

 

Level 1 – Unadjusted quoted prices in active markets for identical assets and liabilities that the Funds have the ability to access.

 

Level 2 – Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

 

Level 3 – Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Funds’ own assumptions about the assumptions a market participant would use in valuing the asset or liability and would be based on the best information available.

 

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. At June 30, 2022, all of the Funds’ investments were valued based on Level 1 inputs, except as noted and detailed on the Portfolio of Investments.

 

Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investment’s valuation changes.

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