XOVR Performance After the SpaceX IPO

By ERShares | Performance data through September 4, 2026

The investment case for XOVR

The ERShares Private-Public Crossover ETF (Nasdaq: XOVR) combines public growth companies with select private-company exposure. Its reported results, private-public structure and research framework provide a basis for evaluating the fund’s investment approach. ERShares assesses leadership, innovation, competitive positioning, valuation and business quality when considering portfolio allocations.

The ERShares Private-Public Crossover ETF (NASDAQ: XOVR) gained 5.64% on a cumulative net asset value (NAV) basis between June 12 and September 4, 2026, exceeding the ER30TR, Russell 1000 Growth and Nasdaq-100 indices.

XOVR performance after the SpaceX IPO

Source: ERShares’ September 15, 2026 press release.

Performance quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Performance data current to the most recent month end may be obtained by calling +1 (617) 279 0045 or visiting ershares.com.

Click https://entrepreneurshares.com/xovr-etf/ for standardized performance as of the most recent quarter end.

Since its August 29, 2024 relaunch through September 4, 2026, XOVR’s cumulative NAV return was 40.42%, versus 38.18% for Russell 1000 Growth, 33.72% for the Dow Jones Industrial Average and 40.86% for ER30TR.

The XOVR private public crossover strategy

XOVR combines publicly traded companies with select private-company exposure in one Nasdaq-listed ETF. Its public-equity research draws on the ER30TR Index; a separate sleeve provides indirect exposure to selected private businesses.

This structure lets investors evaluate public and private opportunities within one fund and access the portfolio through XOVR shares traded on Nasdaq.

Learn more about the XOVR ETF’s strategy, holdings and performance.

SpaceX exposure across the private to public transition

XOVR maintained SpaceX exposure across its transition to public markets. That continuity illustrates the fund’s private-public approach: a company’s listing can be one stage in an investment thesis rather than an automatic exit.

XOVR’s SpaceX exposure is held indirectly through a special purpose vehicle (SPV). The SPV continues to hold the security after the IPO until the conditions for distributing public shares are satisfied.

Investors own shares of XOVR and gain exposure to its broader portfolio rather than direct SpaceX shareholder rights.

How XOVR evaluates investment opportunities

ERShares applies its proprietary Venture Capital (“VC”) Lens across public and private companies. The framework incorporates the Entrepreneur Factor®, examining 18 qualitative and quantitative attributes.

Research considers leadership, governance, innovation, competitive advantages, growth durability, capital efficiency, financial quality, valuation and risk. The aim is to assess whether a business can sustain its development over time and whether its investment terms are attractive.

A company’s private or public status is one part of that assessment. The broader question is how its business quality, price and risks fit the portfolio. Learn more about the XOVR VC Lens.

Questions about XOVR

Does XOVR provide SpaceX exposure?

SpaceX exposure is held indirectly through a Special Purpose Vehicle (“SPV”). Investors purchasing XOVR own ETF shares.

An SPV is a separate legal entity created for one specific purpose, such as pooling investor money into a single deal. SPV investments involve risks, including limited liquidity, valuation uncertainty, lack of certain regulatory protections, additional fees and expenses, and no assurance that the SPV will achieve its investment objective.

How XOVR trades

XOVR ETF shares trade on Nasdaq through brokerage accounts. The fund combines this exchange-traded structure with public companies and select indirect private-company holdings.

Researching and buying XOVR

Review the fund’s current holdings, performance, expenses and prospectus. Search for XOVR through a brokerage that supports the fund, and check the broker’s fees and trading terms. See how to invest in XOVR.

Explore the XOVR investment approach

For investors evaluating how private-company exposure can fit alongside public equities, XOVR offers a single fund to research. Start with the fund overview, current performance, holdings and prospectus.

Important investment disclosures

Past performance does not guarantee future results. Investment return and principal value fluctuate; shares may be worth more or less than their purchase cost when sold or redeemed. Current performance may be higher or lower than shown. For the most recent month-end performance, call 617-279-0045.

Returns quoted in the article are cumulative NAV returns for the stated periods, not annualized returns or an investor’s trading returns. ETF shares may trade above or below NAV. The fund’s strategy changed on August 29, 2024; earlier performance reflects prior strategies.

Historical standardized performance as of September 30 2026

Source: ERShares disclosures page. Returns for periods longer than one year are annualized. The published inception date is November 7, 2017.

Investing can result in loss of principal. XOVR is non-diversified; concentration, private-company exposure and SPVs create liquidity, valuation and additional-cost risks. SpaceX exposure is indirect through an SPV and may remain restricted after an IPO. Holdings may change. Indices are unmanaged, exclude fund expenses, cannot be invested in directly and differ from XOVR in composition and risk.

Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV, and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

ERShares estimated that redemption fees retained by the fund added $15.5 million to assets and contributed approximately 0.90 percentage points to post-IPO NAV performance, based on internal records as of September 4, 2026. This contribution should not be assumed to recur.

Consider the fund’s objectives, risks, charges and expenses before investing. Read the XOVR prospectus carefully.

The ER30TR Index is a proprietary stock index created by ERShares 30 highly entrepreneurial, innovation-focused large-cap companies using a selection methodology built on 20+ years of research. The Russell 1000 Growth Index tracks large U.S. companies with growth characteristics and is heavily weighted toward technology. The Nasdaq-100 Index tracks 100 of the largest non-financial companies listed on Nasdaq and is heavily weighted toward technology and growth companies. It is not possible to invest directly in an index.

Holdings are subject to change at any time and should not be considered investment advice or a recommendation to buy or sell any security. Click https://entrepreneurshares.com/xovr-etf/#fund-top-10-holdings for the most recent holdings.

Distributed by Foreside Financial Services, LLC.