XOVR
• The First Private-Public Crossover ETF
Join the true Leader in… Democratizing Access to Private Equity .
Institutional Only
1
Entrepreneur Factor applied to Private Equity
XOVR ETF: Bridging the Gap Between Private and Public Markets
Competitive Positioning
Pre-IPO opportunities Unique access to pre-IPO opportunities and high- growth private companies through proprietary relationships.
Diversified portfolio Diversified portfolio of entrepreneurial companies in aerospace, AI, healthcare, fintech and more .
Private-Public Innovative ETF bridging private and public investments.
XOVR compares favorably to closed/open/interval fund options (based on liquidity, expense ratio, NAV)
Institutional Only
2
Management Team
Eva Ados
Joel Shulman
Chief Operating Officer of ERShares
Founder, managing Director, and CEO
•Chief Investment Strategist at ERShares, leading global macro strategy and investments •Recognized for Stock picking insights (Identified and publicly spoke about Applovin before it became a household name) •Fulbright Scholar, multilingual, with international experience and a global perspective on finance •Frequent contributor on CNBC, Bloomberg, and Fox Business •Developed two new investment strategies (tech and female entrepreneurs) •10+ years in financial markets, strategy, and economic analysis •Expertise in market forecasting, equities, and innovative investments •Winner of multiple Entrepreneurship & Leadership competitions •Master’s in Innovation and Technology and Bachelor's in Economics and Finance
• Founder and CIO at ERShares, specializing in entrepreneurial and innovative growth companies. • Developed the Entrepreneur Factor, a proprietary investment model that pioneered bringing Venture Capital (VC) principles to public markets. • Professor of Finance and Entreprenurship at Babson College, the #1 school for entrepreneurship. • Creator of the ER30TR Index, among top-performing indices over the past 20 years. • Previously founded and exited The Shulman CFA Review— trained 12,000 candidates in 110 countries. • Previously set up Capital Markets for the World Bank. • Frequent commentator-Fox Business, CNBC, Bloomberg, Yahoo Fin & Forbes • Author of a top-ranked business book that explores the role of entrepreneurship in financial markets and investment strategies • Holds a Ph.D. in Finance, the CFA designation, and an MPA from Harvard’s Kennedy School
Institutional Only
3
Proprietary VC Model applied to the Public Markets
Data-Driven
Wide Universe
VC Model
We analyze more than 70,000 companies and select only a handful that meet the threshold of our Entrepreneur Factor®.
The ER30TR index is based on the Entrepreneur Factor® (EF), a proprietary model developed by ERShares utilizing 18 unique attributes.
The Entrepreneur Factor® (EF) has been developed and statistically supported through a complex, data-intensive analysis.
Entrepreneur 30 Total Return Index (ER30TR)
Institutional Only
4
Entrepreneurial Factor
Selection The ETF evaluates 18 attributes that are indicative of entrepreneurial leadership within a company. These include management quality, innovation, growth, profitability and other proprietary traits.
Development The Entrepreneur Factor® is a proprietary model developed by ERShares after 25 years of research to assess the entrepreneurial
Analysis We analyze more than 70,000 companies globally and the companies that meet our Entrepreneur Factor® become part of our holdings.
strength of companies.
Testing The Entrepreneur Factor® (EF) has been developed and statistically verified through a complex, data-intensive analysis.
Institutional Only
5
ERShares Investment Process
• Actively managing Thematic portfolios, prioritizing fundamental analysis
• Ongoing research and monitoring of both quantitative and qualitative characteristics
• Capitalizing on emerging trends and technologies while providing risk-adjusted returns.
• EF successfully identified NVDA (since 2005), TSLA, META, CRM, GOOGL, AAPL etc.
Momentum Dashboard & Sector Comparison
Fundamental Analysis
Performance Attribution
Entrepreneur Market Barometer
Performance Attribution
Sector Attribution
Risk Analysis
Institutional Only
6
The ER30TR Index
• Fiduciaries have a duty to reduce risk in concentrated portfolios and may have a legal risk exposure by holding major indices. • A solution for fiduciaries interested in pursuing Large Cap Growth without concentration risk in the major Mega Caps of their indices • ER30TR index outperformed Russell 1000 Growth in 2023 & 2024, without owning any MSFT, AAPL, and having low/no weights in TSLA and AMZN, yet still outperformed the IWF by 15% (57% vs 42%)* • ER30TR has high correlation (90%) to Major Growth Indices (Russell 1000 Growth etc), able to capture the return benefits of the IWF without holding many of the Mega Caps (Mag 7).
Institutional Only
7
XOVR: Private-Public Crossover ETF
Highly Liquid Publicly Traded Equities
Private Equity
85%+
<15%
• Tracking the ER30TR Index
• Private Equity Holdings
XOVR
• Applying VC Model to the public market
• Large-Cap, active secondary market
• Expected to be public within 1-3 yrs
• Meet the Entrepreneur Factor®
• High-Profile companies that are visible with periodic valuation updates or liquidity events each quarter
• Companies led by visionary entrepreneurs driving innovation.
Institutional Only
8
XOVR: Efficient Way to Access Private Equity
LOW FEES & NO MINIMUM INVESTMENT XOVR has relatively low fees in its category
DAILY LIQUIDITY
TRADES NEAR NAV
XOVR is priced daily to approximate Net Asset Value
XOVR provides access to private equity with daily liquidity
Institutional Only
9
NOW AVAILABLE AT $XOVR ETF
Top Weight of Portfolio (8% - 12%)
Opportunistic addition of other private companies that meet the Entrepreneur Factor criteria.
10 Institutional Only
Private Company Market Landscape
AI & Machine Learning
Aerospace & Defense
Crypto & Blockchain
Cybersecurity
Fintech
11 Institutional Only
Opportunity to Create a Bridge
• Potential opportunity for ETF market expansion w/private equity could be $2T+
Significant Market Potential
ETFs & Private Equity Each Exceed $10 Trillion in Market Cap Both ETFs and Private Equity have experienced strong growth over the past 20 yrs ($1T - $10T+) The returns on private equity have exceeded public equity over past 20 yrs
• Provide unique access to retail investors with desirable private equity
• Focus on liquidity, cost, efficiency and transparency
• Proper structure, risk controls are necessary to maximize opportunity
Retail investors cannot gain access to private equity
12 Institutional Only
XOVR PERFORMANCE Since 08/29/2024 Relaunch to 12/31/2025
13 Institutional Only
INDEX PERFORMANCE Since 06/30/2005 to 12/31/2025
14 Institutional Only
PERFORMANCE
Performance quoted represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate so an investor’s shares, when redeemed, may be worth more or less than the original cost. Current returns may be lower or higher. For performance information as of the most recent month-end, please call 1-833-368- 7383.
Performance as of 12/31/2025
Inception Date
Fund Name
Ticker
YTD
1 Year
3 Year
5 Year 10 Year Inception
Net Expense Ratio* Gross Expense Ratio
NAV Price 11.39%
11.39% 30.99% 3.93%
10.93%
ERShares Private-Public Crossover ETF
XOVR
11/07/2017
0.75%
0.75%
N/A
Market Price 11.83% 11.83% 31.29% 4.05%
10.99%
*Net Expense ratios reflect the expense waiver and fee reimbursement the advisor has contractually agreed to through November 1, 2026.
NAV prices are used to calculate market price performance prior to the date when the Fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated
Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses carefully before investing. For this and other information about the EntrepreneurShares funds, please read the prospectuses carefully before investing. The prospectus can be obtained by calling 1-833-368-7383 and be viewed at https://entrepreneurshares.com/. Past performance is no guarantee of future results. Please refer to the below disclosures: http://bit.ly/365Sxcl Fund Risks can include and are not limited to: Absence of Prior Active Market Risk, Index Risk, Index Tracking Risk, Indexing and Passive Investment Risk, New ETF Provider, Common Stock Risk, Market Risk, Concentration Risk, American Depositary Receipts, Early Closing Risk, Exchange Trade Fund Risk. For more information related to the risks of the fund, please refer to the prospectus. The prospectus can be obtained by calling 1-833-368-7383 and be viewed at https://entrepreneurshares.com/.
ERShares is distributed by Vigilant Distributors LLC. There is no affiliation between ERShares and vigilant distributors.
15 Institutional Only
Disclosures
PERFORMANCE Performance quoted represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate so an investor’s shares, when redeemed, may be worth more or less than the original cost. Current returns may be lower or higher. For performance information as of the most recent month-end, please call 1-833-368-7383.
Performance as of 12/31/2025
Inception Date
Net Expense Ratio*
Gross Expense Ratio
Index Name
Ticker
YTD
1 Year
3 Year
5 Year
10 Year Inception
Entrepreneur 30 Total Return Index
ER30
14.80% 14.80% 39.22% 9.55% 17.50% 16.64% 06/30/2005
-
-
NAV prices are used to calculate market price performance prior to the date when the Fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. Note: the ER30TR Index was a benchmark to ENTR/XOVR portfolio beginning 11/8/2017. Performance prior to 11/8/2017 does not correspond with an EntrepreneurShares investment product. Past performance is no guarantee of future results. Please refer to the below disclosures: http://bit.ly/365Sxcl Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses carefully before investing. For this and other information about the EntrepreneurShares funds, please read the prospectuses carefully before investing. The prospectus can be obtained by calling 1-833-368-7383 and be viewed at https://entrepreneurshares.com/. Private equity refers to investments in privately held companies or public companies taken private, typically through pooled funds managed by private equity firms. These firms raise capital from institutional and accredited investors to identify, acquire, and actively manage portfolio companies, aiming to enhance their value over time. After strategic improvements, the fund seeks to exit these investments through sales, mergers, or public offerings. The goal is to generate high returns for investors, albeit with associated risks such as illiquidity and valuation challenges. Fund Risks can include and are not limited to: Absence of Prior Active Market Risk, Management Risk, New ETF Provider, Common Stock Risk, Market Risk, Concentration Risk, American Depositary Receipts, Early Closing Risk, Exchange Trade Fund Risk, Private Equity Investment Risk, Illiquidity Risk, Valuation Risk, Exit Strategy Risk. For more information related to the risks of the fund, please refer to the prospectus. The prospectus can be obtained by calling 1-833-368-7383 and be viewed at https://entrepreneurshares.com/.
ERShares is distributed by Vigilant Distributors LLC. There is no affiliation between ERShares and Vigilant Distributors.
16 Institutional Only
Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16Made with FlippingBook. PDF to flipbook with ease