ERShares
Funds
IMPAX US Small Cap Mutual fund
Why Invest In IMPAX?
This mutual fund selects the most entrepreneurial, primarily US Small Cap companies, that meet the thresholds embedded in our proprietary Entrepreneur Factor®. Our investment style places high value on visionary and innovative leaders who are stewards of their companies and possess high economic and personal stakes.
Fund Details
| Fund Type Equity Fund |
| AUM $36.70 Million |
| Number of Holdings 53 |
| Inception Date 12/17/2013 |
| Gross Expense Ratio 0.87% |
| Net Expense Ratio* 0.85% |
| Average Market Cap $8,517 Million |
Fund Strategy
The ERShares US Small Cap Mutual Fund selects the most entrepreneurial, primarily US Small Cap companies, that meet the thresholds embedded in the proprietary Entrepreneur Factor®(EF).
The Entrepreneur Factor® incorporates a bottom-up investment orientation that 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.
Fund Documents
| Factsheet Q2 2024 |
| Prospectus |
| SAI |
| Semi-Annual Report 2022 |
| Annual Report 2024 |
| Annual Shareholder Report |
| Liquidation Supplement |
Fund Performance Graph
| NAV | $5.94 |
| Market Price | $5.94 |
Sector Allocations
| Information Technology 33.90% |
| Health Care 26.45% |
| Consumer Discretionary 14.40% |
| Communication Services 6.19% |
| Financials 5.12% |
| Industrials 4.80% |
| Consumer Staples 4.05% |
| Energy 2.02% |
Sector Allocations are subject to change
ERShares IMPAX Performance
| YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception | |
| NAV | -9.33 | -5.70 | -10.18 | 0.77 | 5.94 | 6.29 |
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.
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Disclosures
The fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling +1 (617) 279 0045 or visiting www.ershares.com. Read it carefully before investing. Distributed by Vigilant Distributors, LLC.
The ERShares US Small Cap invests in smaller companies, which involve additional risks such as limited liquidity and greater volatility. The Fund is exposed to common stock risk. Common Stock prices fluctuate based on changes in a company’s financial condition and on overall market and economic conditions. Additional risks are detailed in the prospectus. The Russell 2000 Total Return Index is a subset of the Russell 3000 Total Return Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership. The Russell 2000 Growth Index is composed of small-capitalization US equities that exhibit growth characteristics.
Fees The ERShares US Small Cap mutual fund has institutional class shares. The ERShares U.S. Small Cap has Total Annual Fund Operating Expenses of 0.87%. The Mutual Fund share classes is subject to a Redemption Fee of 2%.
*Net Expense ratios reflect the expense waiver and fee reimbursement the advisor has contractually agreed to through November 1, 2023.
Effective April 1, 2022 the ERShares US Small Cap Fund was renamed the ERShares US Small Cap
