ERShares US Small Cap Strategy eVestment Report

Capital Impact

Aug 2005 - Sep 2021

ERShares US Small Cap Strategy

Analysis

Calendar Year Returns

Risk Analysis

Capital Impact: ERShares US Small Cap Strategy

100

Statistic

Russell 2000 Growth

YTD

-7.59%

2.82%

1 Year Return

20.82%

33.27%

50

2 Year Return

19.64%

24.18%

3 Year Return

8.41%

11.70%

0

5 Year Return

17.60%

15.34%

7 Year Return

13.90%

13.19%

10 Year Return

16.40%

15.74%

-50

Cumulative Return

684.51%

376.04%

Standard Deviation

19.94%

20.15%

Gain Deviation MAR (5%)

14.93%

14.34%

YTD 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 -100

Loss Deviation MAR (5%)

13.44%

14.21%

Sharpe Ratio (FTSE 3 Mo. T-…

0.62

0.44

ERShares US Small Cap Strategy

Russell 2000 Growth

eVestment US Small Cap Growth Equity

Background Universe:

Performance Statistics - All Market

Tracking Err

Excess Rtn

Info Ratio

Bench Rtn

Bat A v g

Std De v

Bench Std De v

Benchmark

Alpha

Beta

R^2

Returns

Russell 2000 Growth

4.11%

0.92

0.86

7.71%

3.46%

0.45

13.59%

10.13%

0.55

19.94%

20.15%

Vehicle Type: USA - SA - Composite - ERShares US Small Cap Strategy - Gross of Fees. Displayed in US Dollar (USD). Data frequency: Monthly eVestment Alliance, LLC and its affiliated entities (collectively, “eVestment”) collect information directly from investment management firms and other sources believed to be reliable, however, eVestment does not guarantee or warrant the accuracy, timeliness, or completeness of the information provided and is not responsible for any errors or omissions. Performance results may be provided with additional disclosures available on eVestment’s systems and other important considerations such as fees that may be applicable. Not for general distribution and limited distribution may only be made pursuant to client’s agreement terms. * All categories not necessarily included, Totals may not equal 100%. Copyright 2012-2021 eVestment Alliance, LLC. All Rights Reserved.

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