Forge Index - Benchmark for Actively Traded Private Companies

Annual Returns	2019	2020	2021	2022	2023	2024 YTD
Forge Private Market Index	34.4%	72.3%	112.9%	-44.3%	-20.2%	4.9%
IPO ETF	35.0%	108.5%	-10.3%	-57.3%	52.5%	-0.7%

Index Composition

Companies

Sector

Subsector

Reset

Name	Sector	Subsector	Weight	Return QTD	Return YTD
Addepar Addepar FinTech / FinTech software Return QTD 0% Weight 1.35% Return YTD 1%	FinTech	FinTech software	1.35%	0%	1%
Algolia Algolia Enterprise Software / Software Development Return QTD 0% Weight 1.35% Return YTD 0%	Enterprise Software	Software Development	1.35%	0%	0%
Anduril Anduril Industrial / Aerospace & Defense Return QTD 20% Weight 1.62% Return YTD 27%	Industrial	Aerospace & Defense	1.62%	20%	27%
Anthropic Anthropic Enterprise Software / Data Intelligence Return QTD 0% Weight 1.35% Return YTD -47%	Enterprise Software	Data Intelligence	1.35%	0%	-47%
Apollo Graph Apollo Graph Enterprise Software / Software Development Return QTD 0% Weight 1.35% Return YTD 0%	Enterprise Software	Software Development	1.35%	0%	0%
Apollo.io Apollo.io Enterprise Software / Sales & Marketing / Adtech Return QTD 0% Weight 1.34% Return YTD 4%	Enterprise Software	Sales & Marketing / Adtech	1.34%	0%	4%
Arctic Wolf Arctic Wolf Enterprise Software / Cybersecurity Return QTD 2% Weight 1.37% Return YTD 0%	Enterprise Software	Cybersecurity	1.37%	2%	0%
Asapp Asapp Enterprise Software / Sales & Marketing / Adtech Return QTD -53% Weight 1.00% Return YTD -67%	Enterprise Software	Sales & Marketing / Adtech	1.00%	-53%	-67%
Attentive Attentive Enterprise Software / Sales & Marketing / Adtech Return QTD 3% Weight 1.35% Return YTD -7%	Enterprise Software	Sales & Marketing / Adtech	1.35%	3%	-7%
Automation Anywhere Automation Anywhere Enterprise Software / Productivity Return QTD 19% Weight 1.61% Return YTD 2%	Enterprise Software	Productivity	1.61%	19%	2%
Calm Calm Healthcare / Digital Health Return QTD 0% Weight 1.35% Return YTD -28%	Healthcare	Digital Health	1.35%	0%	-28%
Cerebras Cerebras Technology Hardware / Computing hardware Return QTD 7% Weight 1.41% Return YTD 46%	Technology Hardware	Computing hardware	1.41%	7%	46%
Chainalysis Chainalysis FinTech / Blockchain software Return QTD 0% Weight 1.35% Return YTD 21%	FinTech	Blockchain software	1.35%	0%	21%
Chime Chime FinTech / Digital Banking Return QTD 13% Weight 1.52% Return YTD 26%	FinTech	Digital Banking	1.52%	13%	26%
Cityblock Health Cityblock Health Healthcare / Healthcare providers & services Return QTD 0% Weight 1.35% Return YTD -27%	Healthcare	Healthcare providers & services	1.35%	0%	-27%
Cohesity Cohesity Enterprise Software / Data Management / Storage Return QTD 0% Weight 1.35% Return YTD -16%	Enterprise Software	Data Management / Storage	1.35%	0%	-16%
ConsenSys ConsenSys FinTech / Blockchain Return QTD 0% Weight 1.35% Return YTD -7%	FinTech	Blockchain	1.35%	0%	-7%
Databricks Databricks Enterprise Software / Data Intelligence Return QTD 0% Weight 1.35% Return YTD -13%	Enterprise Software	Data Intelligence	1.35%	0%	-13%
Dataminr Dataminr Enterprise Software / Data Intelligence Return QTD 6% Weight 1.43% Return YTD 4%	Enterprise Software	Data Intelligence	1.43%	6%	4%
DataRobot DataRobot Enterprise Software / Data Intelligence Return QTD 0% Weight 1.35% Return YTD 3%	Enterprise Software	Data Intelligence	1.35%	0%	3%
Dialpad Dialpad Enterprise Software / Communication & Collaboration software Return QTD -8% Weight 1.23% Return YTD -8%	Enterprise Software	Communication & Collaboration software	1.23%	-8%	-8%
Discord Discord Consumer & Lifestyle / Social Return QTD 0% Weight 1.35% Return YTD -21%	Consumer & Lifestyle	Social	1.35%	0%	-21%
Epic Games Epic Games Consumer & Lifestyle / Gaming Return QTD -8% Weight 1.23% Return YTD 29%	Consumer & Lifestyle	Gaming	1.23%	-8%	29%
EquipmentShare EquipmentShare Industrial / Construction Return QTD 6% Weight 1.43% Return YTD 6%	Industrial	Construction	1.43%	6%	6%
Exabeam Exabeam Enterprise Software / Cybersecurity Return QTD 0% Weight 1.35% Return YTD -11%	Enterprise Software	Cybersecurity	1.35%	0%	-11%
Farmer's Business Network Farmer's Business Network FoodTech / AgTech Return QTD 0% Weight 1.35% Return YTD -21%	FoodTech	AgTech	1.35%	0%	-21%
Figure Figure FinTech / Lending Return QTD 0% Weight 1.35% Return YTD 0%	FinTech	Lending	1.35%	0%	0%
Flexport Flexport Industrial / Logistics Return QTD -5% Weight 1.28% Return YTD -17%	Industrial	Logistics	1.28%	-5%	-17%
FourKites FourKites Industrial / Logistics Return QTD 0% Weight 1.35% Return YTD -5%	Industrial	Logistics	1.35%	0%	-5%
Front Front Enterprise Software / Sales & Marketing / Adtech Return QTD 0% Weight 1.35% Return YTD 0%	Enterprise Software	Sales & Marketing / Adtech	1.35%	0%	0%
Harness Harness Enterprise Software / Software Development Return QTD 12% Weight 1.50% Return YTD -16%	Enterprise Software	Software Development	1.50%	12%	-16%
Highspot Highspot Enterprise Software / Sales & Marketing / Adtech Return QTD 0% Weight 1.35% Return YTD 0%	Enterprise Software	Sales & Marketing / Adtech	1.35%	0%	0%
Impossible Foods Impossible Foods FoodTech / Animal-free protein Return QTD 0% Weight 1.35% Return YTD -16%	FoodTech	Animal-free protein	1.35%	0%	-16%
INRIX INRIX Enterprise Software / Data Intelligence Return QTD 0% Weight 1.34% Return YTD -26%	Enterprise Software	Data Intelligence	1.34%	0%	-26%
Intercom Intercom Enterprise Software / Sales & Marketing / Adtech Return QTD 0% Weight 1.35% Return YTD -30%	Enterprise Software	Sales & Marketing / Adtech	1.35%	0%	-30%
Iterable Iterable Enterprise Software / Sales & Marketing / Adtech Return QTD 1% Weight 1.35% Return YTD 6%	Enterprise Software	Sales & Marketing / Adtech	1.35%	1%	6%
Kraken Kraken FinTech / Blockchain Return QTD 16% Weight 1.54% Return YTD 62%	FinTech	Blockchain	1.54%	16%	62%
LeoLabs LeoLabs Industrial / Aerospace & Defense Return QTD 0% Weight 1.35% Return YTD 0%	Industrial	Aerospace & Defense	1.35%	0%	0%
Mark43 Mark43 Industrial / Industrial software Return QTD -38% Weight 0.83% Return YTD -38%	Industrial	Industrial software	0.83%	-38%	-38%
Menlo Security Menlo Security Enterprise Software / Cybersecurity Return QTD 0% Weight 1.35% Return YTD -34%	Enterprise Software	Cybersecurity	1.35%	0%	-34%
Mercury Mercury FinTech / Digital Banking Return QTD 0% Weight 1.35% Return YTD 3%	FinTech	Digital Banking	1.35%	0%	3%
Motive Motive Industrial / Logistics Return QTD 0% Weight 1.35% Return YTD -4%	Industrial	Logistics	1.35%	0%	-4%
Netskope Netskope Enterprise Software / Cybersecurity Return QTD 0% Weight 1.34% Return YTD 7%	Enterprise Software	Cybersecurity	1.34%	0%	7%
Neuralink Neuralink Healthcare / Medical Devices Return QTD 0% Weight 1.35% Return YTD 89%	Healthcare	Medical Devices	1.35%	0%	89%
Nuro Nuro Transportation / Autonomous Vehicles Return QTD -7% Weight 1.25% Return YTD -14%	Transportation	Autonomous Vehicles	1.25%	-7%	-14%
OpenAI OpenAI Enterprise Software / Data Intelligence Return QTD -1% Weight 1.34% Return YTD 15%	Enterprise Software	Data Intelligence	1.34%	-1%	15%
Outreach Outreach Enterprise Software / Sales & Marketing / Adtech Return QTD -6% Weight 1.26% Return YTD -26%	Enterprise Software	Sales & Marketing / Adtech	1.26%	-6%	-26%
Patreon Patreon Consumer & Lifestyle / Consumer & Lifestyle Enterprise Software Return QTD -10% Weight 1.21% Return YTD 16%	Consumer & Lifestyle	Consumer & Lifestyle Enterprise Software	1.21%	-10%	16%
Pilot Pilot Enterprise Software / Business Operations Return QTD 0% Weight 1.35% Return YTD -6%	Enterprise Software	Business Operations	1.35%	0%	-6%
Pipe Pipe FinTech / Capital Markets Return QTD 0% Weight 1.35% Return YTD 0%	FinTech	Capital Markets	1.35%	0%	0%
Plaid Plaid FinTech / Personal Finance Return QTD 0% Weight 1.35% Return YTD 0%	FinTech	Personal Finance	1.35%	0%	0%
Postman Postman Enterprise Software / Software Development Return QTD -1% Weight 1.33% Return YTD -2%	Enterprise Software	Software Development	1.33%	-1%	-2%
Ramp Ramp FinTech / Payments Return QTD 12% Weight 1.35% Return YTD 6%	FinTech	Payments	1.35%	12%	6%
Rappi Rappi Transportation / Delivery services Return QTD 0% Weight 1.35% Return YTD 15%	Transportation	Delivery services	1.35%	0%	15%
Redwood Materials Redwood Materials Energy / Energy Storage Return QTD 0% Weight 1.35% Return YTD 23%	Energy	Energy Storage	1.35%	0%	23%
Relativity Space Relativity Space Industrial / Aerospace & Defense Return QTD -3% Weight 1.31% Return YTD -15%	Industrial	Aerospace & Defense	1.31%	-3%	-15%
Ripple Ripple FinTech / Payments Return QTD 0% Weight 1.34% Return YTD 23%	FinTech	Payments	1.34%	0%	23%
Rippling Rippling Enterprise Software / Human Resources Return QTD 24% Weight 1.67% Return YTD 50%	Enterprise Software	Human Resources	1.67%	24%	50%
SambaNova Systems SambaNova Systems Enterprise Software / Data Intelligence Return QTD 10% Weight 1.42% Return YTD -6%	Enterprise Software	Data Intelligence	1.42%	10%	-6%
SecurityScorecard SecurityScorecard Enterprise Software / Cybersecurity Return QTD 0% Weight 1.35% Return YTD 0%	Enterprise Software	Cybersecurity	1.35%	0%	0%
Sift Sift Enterprise Software / Cybersecurity Return QTD -9% Weight 1.22% Return YTD -9%	Enterprise Software	Cybersecurity	1.22%	-9%	-9%
Sila Nanotechnologies Sila Nanotechnologies Energy / Energy Storage Return QTD 0% Weight 1.35% Return YTD 22%	Energy	Energy Storage	1.35%	0%	22%
SingleStore (MemSQL) SingleStore (MemSQL) Enterprise Software / Data Management / Storage Return QTD 0% Weight 1.35% Return YTD 6%	Enterprise Software	Data Management / Storage	1.35%	0%	6%
Solugen Solugen Industrial / Materials Return QTD 0% Weight 1.35% Return YTD -7%	Industrial	Materials	1.35%	0%	-7%
SpaceX SpaceX Industrial / Aerospace & Defense Return QTD 0% Weight 1.37% Return YTD 50%	Industrial	Aerospace & Defense	1.37%	0%	50%
Starburst Data Starburst Data Enterprise Software / Data Intelligence Return QTD -12% Weight 1.18% Return YTD -12%	Enterprise Software	Data Intelligence	1.18%	-12%	-12%
Stripe Stripe FinTech / Payments Return QTD 11% Weight 1.49% Return YTD 11%	FinTech	Payments	1.49%	11%	11%
Tanium Tanium Enterprise Software / Cybersecurity Return QTD -3% Weight 1.31% Return YTD -12%	Enterprise Software	Cybersecurity	1.31%	-3%	-12%
ThoughtSpot ThoughtSpot Enterprise Software / Data Intelligence Return QTD 0% Weight 1.35% Return YTD -14%	Enterprise Software	Data Intelligence	1.35%	0%	-14%
Thrive Market Thrive Market FoodTech / Food Products & Services Return QTD 0% Weight 1.35% Return YTD 10%	FoodTech	Food Products & Services	1.35%	0%	10%
Turo Turo Transportation / Ridesharing Return QTD 0% Weight 1.35% Return YTD -8%	Transportation	Ridesharing	1.35%	0%	-8%
Vectra AI Vectra AI Enterprise Software / Cybersecurity Return QTD 21% Weight 1.62% Return YTD 21%	Enterprise Software	Cybersecurity	1.62%	21%	21%
Workato Workato Enterprise Software / Productivity Return QTD 5% Weight 1.48% Return YTD -15%	Enterprise Software	Productivity	1.48%	5%	-15%
Zipline Zipline Transportation / Delivery services Return QTD -1% Weight 1.34% Return YTD -3%	Transportation	Delivery services	1.34%	-1%	-3%

The Forge Private Market Index

Benchmark for actively traded private companies

Index Composition

Companies

Sector Allocation

Methodology

Designed for both existing and new private market participants

	Enterprise Software	48.9%
	FinTech	16.7%
	Industrial	13.2%
	Transportation	5.3%
	FoodTech	4.0%
	Healthcare	4.0%
	Consumer & Lifestyle	3.8%
	Energy	2.7%
	Technology Hardware	1.4%