Fund Strategy

Note: As of 08/29/2024, the fund’s ticker has been changed from ENTR to XOVR. The fund was an actively managed US Large Cap ETF that typically utilized 70-93 equities. The turnover of this actively managed strategy was 360% for the past year. Since inception, the fund significantly underperformed the ER30TR Index. Notably, the ER30TR Index has provided exceptional performance since its 06/30/2005 inception date (Note – Past Performance is not a guarantee of future results). On 08/29/2024, we decided to replace the preponderance of the portfolio (85%+) with the ER30TR Index and supplement with US Large Cap private equity securities for the balance.

The overall strategy of XOVR remains the same as before (US Large Cap Growth focused on Entrepreneurial companies) but the implementation is different. XOVR utilises the proprietary ER30TR Index comprised of 30 US Large capitalization entrepreneurial stocks. The index has a quarterly rebalance with approximately a 15-20% turnover. We believe the frequency of trades, portfolio weights and composition and private equity holdings will impact the performance.

The ERShares XOVR ETF selects the most entrepreneurial, primarily US Large Cap companies, that meet the threshold embedded in the proprietary Entrepreneur Factor® (EF). It is a crossover ETF that will enable investors (institutional, retail, high net worth) to invest in both public and private equity securities. (e.g. SpaceX, Xai, Open AI, Epic Games). The ETF provides investors with daily liquidity, trades at Net Asset Value (NAV), and no minimum investment. The majority of the XOVR ERShares’ investment will be held in the ER30TR Index with the balance held in private equity. The Index incorporates the Entrepreneur Factor®– a bottom-up investment orientation that we believe stands above other investment factors such as momentum, sector, growth, value, leverage, market cap, and geographic orientation. Moreover, with the aid of Thematic Research, ERShares incorporates a macro-economic, top-down approach that integrates changing investment flows, innovation entry points, sector growth, and other characteristics into a dynamic, global perspective model. ERShares EF strives to deliver strong performance across a variety of investment strategies without disrupting investors’ underlying risk profile metrics.

Fund Data Table