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%	7.0%
IPO ETF	35.0%	108.5%	-10.3%	-57.3%	52.5%	18.4%

Annual Returns

2019

2020

2021

2022

2023

2024 YTD

Forge Private Market Index

34.4%

72.3%

112.9%

-44.3%

-20.2%

7.0%

IPO ETF

35.0%

108.5%

-10.3%

-57.3%

52.5%

18.4%

Index Composition

Companies

Sector

Subsector

Reset

Name	Sector	Subsector	Weight	Return QTD	Return YTD
6sense 6sense Enterprise Software / Sales & Marketing / Adtech Return QTD -22% Weight 0.99% Return YTD -21%	Enterprise Software	Sales & Marketing / Adtech	0.99%	-22%	-21%
Addepar Addepar FinTech / FinTech software Return QTD 11% Weight 1.41% Return YTD 24%	FinTech	FinTech software	1.41%	11%	24%
Algolia Algolia Enterprise Software / Software Development Return QTD 0% Weight 1.28% Return YTD -16%	Enterprise Software	Software Development	1.28%	0%	-16%
Anduril Anduril Industrial / Aerospace & Defense Return QTD 1% Weight 1.28% Return YTD 52%	Industrial	Aerospace & Defense	1.28%	1%	52%
Anthropic Anthropic Enterprise Software / Data Intelligence Return QTD 0% Weight 1.28% Return YTD -36%	Enterprise Software	Data Intelligence	1.28%	0%	-36%
Apollo Graph Apollo Graph Enterprise Software / Software Development Return QTD 0% Weight 1.28% Return YTD -33%	Enterprise Software	Software Development	1.28%	0%	-33%
Apollo.io Apollo.io Enterprise Software / Sales & Marketing / Adtech Return QTD -27% Weight 0.93% Return YTD -24%	Enterprise Software	Sales & Marketing / Adtech	0.93%	-27%	-24%
Arctic Wolf Arctic Wolf Enterprise Software / Cybersecurity Return QTD 21% Weight 1.54% Return YTD 20%	Enterprise Software	Cybersecurity	1.54%	21%	20%
Attentive Attentive Enterprise Software / Sales & Marketing / Adtech Return QTD 0% Weight 1.28% Return YTD -1%	Enterprise Software	Sales & Marketing / Adtech	1.28%	0%	-1%
Automation Anywhere Automation Anywhere Enterprise Software / Productivity Return QTD -21% Weight 1.00% Return YTD -29%	Enterprise Software	Productivity	1.00%	-21%	-29%
Aviatrix Aviatrix Enterprise Software / Cybersecurity Return QTD 0% Weight 1.28% Return YTD -7%	Enterprise Software	Cybersecurity	1.28%	0%	-7%
Cerebras Cerebras Technology Hardware / Computing hardware Return QTD 10% Weight 1.40% Return YTD 232%	Technology Hardware	Computing hardware	1.40%	10%	232%
Chainalysis Chainalysis FinTech / Blockchain software Return QTD -22% Weight 0.99% Return YTD -15%	FinTech	Blockchain software	0.99%	-22%	-15%
Chime Chime FinTech / Digital Banking Return QTD -2% Weight 1.25% Return YTD 52%	FinTech	Digital Banking	1.25%	-2%	52%
Cohesity Cohesity Enterprise Software / Data Management / Storage Return QTD -1% Weight 1.26% Return YTD -16%	Enterprise Software	Data Management / Storage	1.26%	-1%	-16%
ConsenSys ConsenSys FinTech / Blockchain Return QTD -7% Weight 1.18% Return YTD -37%	FinTech	Blockchain	1.18%	-7%	-37%
Databricks Databricks Enterprise Software / Data Intelligence Return QTD 26% Weight 1.61% Return YTD 32%	Enterprise Software	Data Intelligence	1.61%	26%	32%
Dataminr Dataminr Enterprise Software / Data Intelligence Return QTD 25% Weight 1.59% Return YTD 38%	Enterprise Software	Data Intelligence	1.59%	25%	38%
DataRobot DataRobot Enterprise Software / Data Intelligence Return QTD 13% Weight 1.44% Return YTD -27%	Enterprise Software	Data Intelligence	1.44%	13%	-27%
Discord Discord Consumer & Lifestyle / Social Return QTD 0% Weight 1.28% Return YTD -9%	Consumer & Lifestyle	Social	1.28%	0%	-9%
Epic Games Epic Games Consumer & Lifestyle / Gaming Return QTD -3% Weight 1.23% Return YTD 2%	Consumer & Lifestyle	Gaming	1.23%	-3%	2%
EquipmentShare EquipmentShare Industrial / Construction Return QTD -21% Weight 1.00% Return YTD 24%	Industrial	Construction	1.00%	-21%	24%
Fanatics Fanatics Consumer & Lifestyle / Clothing, Fashion, Beauty & Apparel Return QTD 0% Weight 1.28% Return YTD -30%	Consumer & Lifestyle	Clothing, Fashion, Beauty & Apparel	1.28%	0%	-30%
Farmer's Business Network Farmer's Business Network FoodTech / AgTech Return QTD -19% Weight 1.03% Return YTD -37%	FoodTech	AgTech	1.03%	-19%	-37%
Figma Figma Consumer & Lifestyle / Consumer & Lifestyle Enterprise Software Return QTD 19% Weight 1.52% Return YTD 5%	Consumer & Lifestyle	Consumer & Lifestyle Enterprise Software	1.52%	19%	5%
Figure AI Figure AI Industrial / Robotics Return QTD 19% Weight 1.51% Return YTD 423%	Industrial	Robotics	1.51%	19%	423%
Flexport Flexport Industrial / Logistics Return QTD -2% Weight 1.25% Return YTD -35%	Industrial	Logistics	1.25%	-2%	-35%
FloQast FloQast Enterprise Software / Business Operations Return QTD 0% Weight 1.28% Return YTD 19%	Enterprise Software	Business Operations	1.28%	0%	19%
Gecko Robotics Gecko Robotics Industrial / Robotics Return QTD -3% Weight 1.24% Return YTD -3%	Industrial	Robotics	1.24%	-3%	-3%
Glean Glean Enterprise Software / Data Intelligence Return QTD 0% Weight 1.28% Return YTD 279%	Enterprise Software	Data Intelligence	1.28%	0%	279%
Groq Groq Technology Hardware / Computing hardware Return QTD 9% Weight 1.39% Return YTD 52%	Technology Hardware	Computing hardware	1.39%	9%	52%
Harness Harness Enterprise Software / Software Development Return QTD 4% Weight 1.33% Return YTD 1%	Enterprise Software	Software Development	1.33%	4%	1%
Highspot Highspot Enterprise Software / Sales & Marketing / Adtech Return QTD 0% Weight 1.28% Return YTD -37%	Enterprise Software	Sales & Marketing / Adtech	1.28%	0%	-37%
Impossible Foods Impossible Foods FoodTech / Animal-free protein Return QTD -31% Weight 0.88% Return YTD -55%	FoodTech	Animal-free protein	0.88%	-31%	-55%
INRIX INRIX Enterprise Software / Data Intelligence Return QTD -13% Weight 1.11% Return YTD -52%	Enterprise Software	Data Intelligence	1.11%	-13%	-52%
Intercom Intercom Enterprise Software / Sales & Marketing / Adtech Return QTD 0% Weight 1.28% Return YTD -24%	Enterprise Software	Sales & Marketing / Adtech	1.28%	0%	-24%
Kraken Kraken FinTech / Blockchain Return QTD 49% Weight 1.90% Return YTD 169%	FinTech	Blockchain	1.90%	49%	169%
Lambda Lambda Enterprise Software / Data Intelligence Return QTD -11% Weight 1.14% Return YTD 691%	Enterprise Software	Data Intelligence	1.14%	-11%	691%
LeoLabs LeoLabs Industrial / Aerospace & Defense Return QTD 0% Weight 1.28% Return YTD -7%	Industrial	Aerospace & Defense	1.28%	0%	-7%
Menlo Security Menlo Security Enterprise Software / Cybersecurity Return QTD -8% Weight 1.17% Return YTD -39%	Enterprise Software	Cybersecurity	1.17%	-8%	-39%
Mercury Mercury FinTech / Digital Banking Return QTD -5% Weight 1.21% Return YTD 2%	FinTech	Digital Banking	1.21%	-5%	2%
Motive Motive Industrial / Logistics Return QTD -43% Weight 0.72% Return YTD -43%	Industrial	Logistics	0.72%	-43%	-43%
Netskope Netskope Enterprise Software / Cybersecurity Return QTD -1% Weight 1.26% Return YTD 9%	Enterprise Software	Cybersecurity	1.26%	-1%	9%
Neuralink Neuralink Healthcare / Medical Devices Return QTD 4% Weight 1.33% Return YTD 136%	Healthcare	Medical Devices	1.33%	4%	136%
OpenAI OpenAI Enterprise Software / Data Intelligence Return QTD 55% Weight 1.98% Return YTD 97%	Enterprise Software	Data Intelligence	1.98%	55%	97%
Outreach Outreach Enterprise Software / Sales & Marketing / Adtech Return QTD -6% Weight 1.20% Return YTD -47%	Enterprise Software	Sales & Marketing / Adtech	1.20%	-6%	-47%
Patreon Patreon Consumer & Lifestyle / Consumer & Lifestyle Enterprise Software Return QTD 0% Weight 1.28% Return YTD 4%	Consumer & Lifestyle	Consumer & Lifestyle Enterprise Software	1.28%	0%	4%
Plaid Plaid FinTech / Personal Finance Return QTD 0% Weight 1.28% Return YTD 0%	FinTech	Personal Finance	1.28%	0%	0%
Postman Postman Enterprise Software / Software Development Return QTD 0% Weight 1.28% Return YTD 1%	Enterprise Software	Software Development	1.28%	0%	1%
PsiQ PsiQ Technology Hardware / Computing hardware Return QTD 4% Weight 1.32% Return YTD 146%	Technology Hardware	Computing hardware	1.32%	4%	146%
Ramp Ramp FinTech / Payments Return QTD 0% Weight 1.28% Return YTD 46%	FinTech	Payments	1.28%	0%	46%
Rappi Rappi Transportation / Delivery services Return QTD 1% Weight 1.29% Return YTD 0%	Transportation	Delivery services	1.29%	1%	0%
Redwood Materials Redwood Materials Energy / Energy Storage Return QTD -6% Weight 1.20% Return YTD -1%	Energy	Energy Storage	1.20%	-6%	-1%
Relativity Space Relativity Space Industrial / Aerospace & Defense Return QTD -4% Weight 1.23% Return YTD -32%	Industrial	Aerospace & Defense	1.23%	-4%	-32%
Ripple Ripple FinTech / Payments Return QTD 91% Weight 2.43% Return YTD 138%	FinTech	Payments	2.43%	91%	138%
Rippling Rippling Enterprise Software / Human Resources Return QTD 0% Weight 1.28% Return YTD 65%	Enterprise Software	Human Resources	1.28%	0%	65%
SambaNova Systems SambaNova Systems Enterprise Software / Data Intelligence Return QTD 31% Weight 1.68% Return YTD 39%	Enterprise Software	Data Intelligence	1.68%	31%	39%
SandboxAQ SandboxAQ Enterprise Software / Cybersecurity Return QTD 167% Weight 3.40% Return YTD 83%	Enterprise Software	Cybersecurity	3.40%	167%	83%
Scale AI Scale AI Enterprise Software / Data Intelligence Return QTD 6% Weight 1.35% Return YTD 63%	Enterprise Software	Data Intelligence	1.35%	6%	63%
Shield AI Shield AI Industrial / Aerospace & Defense Return QTD 1% Weight 1.29% Return YTD 16%	Industrial	Aerospace & Defense	1.29%	1%	16%
SingleStore (MemSQL) SingleStore (MemSQL) Enterprise Software / Data Management / Storage Return QTD 0% Weight 1.28% Return YTD -30%	Enterprise Software	Data Management / Storage	1.28%	0%	-30%
SpaceX SpaceX Industrial / Aerospace & Defense Return QTD 64% Weight 2.09% Return YTD 109%	Industrial	Aerospace & Defense	2.09%	64%	109%
Starburst Data Starburst Data Enterprise Software / Data Intelligence Return QTD -12% Weight 1.13% Return YTD -71%	Enterprise Software	Data Intelligence	1.13%	-12%	-71%
Stripe Stripe FinTech / Payments Return QTD 0% Weight 1.28% Return YTD 6%	FinTech	Payments	1.28%	0%	6%
TAE Technologies TAE Technologies Energy / Clean Energy Return QTD 0% Weight 1.28% Return YTD -44%	Energy	Clean Energy	1.28%	0%	-44%
Tanium Tanium Enterprise Software / Cybersecurity Return QTD 23% Weight 1.57% Return YTD 22%	Enterprise Software	Cybersecurity	1.57%	23%	22%
ThoughtSpot ThoughtSpot Enterprise Software / Data Intelligence Return QTD 7% Weight 1.37% Return YTD -49%	Enterprise Software	Data Intelligence	1.37%	7%	-49%
Thrive Market Thrive Market FoodTech / Food Products & Services Return QTD 0% Weight 1.28% Return YTD 10%	FoodTech	Food Products & Services	1.28%	0%	10%
Turo Turo Transportation / Ridesharing Return QTD -28% Weight 0.92% Return YTD -37%	Transportation	Ridesharing	0.92%	-28%	-37%
Vectra AI Vectra AI Enterprise Software / Cybersecurity Return QTD 3% Weight 1.31% Return YTD 10%	Enterprise Software	Cybersecurity	1.31%	3%	10%
Workato Workato Enterprise Software / Productivity Return QTD 0% Weight 1.28% Return YTD -9%	Enterprise Software	Productivity	1.28%	0%	-9%
Workrise Workrise Enterprise Software / Human Resources Return QTD -5% Weight 1.22% Return YTD 1%	Enterprise Software	Human Resources	1.22%	-5%	1%
xAI xAI Enterprise Software / Data Intelligence Return QTD 0% Weight 1.28% Return YTD 0%	Enterprise Software	Data Intelligence	1.28%	0%	0%
Zipline Zipline Transportation / Delivery services Return QTD 7% Weight 1.36% Return YTD -25%	Transportation	Delivery services	1.36%	7%	-25%
ZocDoc ZocDoc Healthcare / Digital Health Return QTD -6% Weight 1.20% Return YTD 49%	Healthcare	Digital Health	1.20%	-6%	49%

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	50.5%
	FinTech	14.2%
	Industrial	12.9%
	Consumer & Lifestyle	6.6%
	Technology Hardware	4.1%
	Transportation	3.6%
	FoodTech	3.2%
	Healthcare	2.5%
	Energy	2.5%