As of 06.30.2020
ERSHARES US SMALL CAP MUTUAL FUND INVESTMENT STRATEGY> The fund invests in a portfolio of domestic entrepreneurial companies with market caps above $300MM. We select investments based on our 15 proprietary qualitative and quantitative filters. Our investment style places high value on visionary leaders who are stewards of their companies and possess high economic and personal stakes. APPROACH> The firm utilizes a bottom-up, fundamental approach to identify publicly-traded companies that possess the 15 entrepreneurial attributes. Our extensive academic research and 10+ years of professional performance assert that companies possessing these characteristics have the potential to outperform “non - entrepreneurial” companies over time.
IMPAX
1 Month 3 Month YTD
1 Year
3 Year
5 Year
Inception
IMPAX
3.80% 27.09% 0.59% 0.86% 10.69% 9.99% 9.83%
Russell 2000
3.53% 25.42% -12.99% -6.65% 1.98% 4.26% 5.39%
Russell 2000 Growth 3.84% 30.59% -3.07% 3.45% 7.82% 6.82% 8.14%
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- 833-368-7383 or visiting ershares.com.
Fund Information
Joel Shulman Ph.D., CFA Founder & CIO
Strategy AUM
163.91mm
Dr. Joel Shulman is the founder and managing director of EntrepreneurShares. His 30+ years of academic research led to the formation of our proprietary 15-factor investment model. Dr. Shulman is a leading academic in the field of Entrepreneurship at Babson College (ranked #1 for Entrepreneurship 18 consecutive years by U.S. News & World Report). Dr. Shulman holds a Ph.D. in Finance and is a CFA charter holder. He also earned an MPA from the JFK School of Government at Harvard University. He founded and sold The Shulman Review, a CFA test- prep company that trained over 12,000+ investment professionals in 110+ countries around the world.
Number of Holdings
95
Ticker Symbol
IMPAX
CUSIP
293828505
Inception Date
12/17/2013
Gross Expense Ratio
0.90%
Net Expense Ratio*
0.86%
Avg. Mkt. Cap.
82,263 mm
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 1-833-368-7383 or visiting www.ershares.com. Read it carefully before investing. Distributed by Foreside Fund Services, LLC. The ERShares US Small Cap Fund 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 Fund mutual fund has institutional class shares. The ERShares U.S. Small Cap Fund has Total Annual Fund Operating Expenses of 0.90%. 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, 2020.
www.ershares.com
+1 (617) 279 0045
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