Due to IPO’s index flexibility, the ETF could be among the first to add Alibaba when that IPO does happen.

Top-10 holdings in the $27.4 million ETF, which debuted last October, currently include Zoetis (NYSE: ZTS), Facebook (NasdaqGS: FB), Workday (NYSE: WDAY) and Voya Financial (NYSE: VOYA). IPOs that pass Renaissance Capital’s formulated screening process are weighted by investable market capitalization, capped at 10% and removed after two years, according to Renaissance Capital.

Renaissance IPO ETF

ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Facebook.