ERSHARES PRIVATE PUBLIC CROSSOVER ETF USD (XOVR US)
XOVR US$20.97
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Performance
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 20.97
- Change
- ▼ -0.14 (-0.66)
- Bid / Ask
- 19.03 - 21.06
- Volume
- 140,100
- Turnover
- 2,589,921
- Open
- 21.00
- Day Range
- 20.88 - 21.06
- VWAP
- 20.97
- Prev Close
- 21.11
- Last Trade
- 28/10 4:00pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$1.46B
OCT 2026
Distributions
Annually
Since inception
9.0 yrs
NOV 2017
- Legal name
- ERShares Private-Public Crossover ETF
- Issuer
- EntrepreneurShares
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Actively managed
- Morningstar category
- Large Growth
- Category index
- Russell 1000 Growth TR USD
- Benchmark
- Russell 1000 Growth TR USD
- ETF net assets
- $1.46B
- Units on issue
- 69.8M
- Management fee
- 0.75% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 7 NOV 2017
- Listed
- 14 NOV 2023
- Index provider
- Russell Index
Objective and strategy
The investment seeks long-term capital appreciation. The fund invests primarily in equity securities of mid and large capitalization companies traded on the NASDAQ, the New York Stock Exchange or other major U.S. exchanges. Equity securities include common stocks, preferred stocks, convertible preferred stocks, American Depositary Receipts (ADRs) (sponsored only) and Global Depositary Receipts (GDRs) (sponsored only). The fund is non-diversified.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 79.06%Non-US equity 0.00%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 79.06 | 79.06 | — |
| Bond | 0.00 | 0.00 | — |
| Cash | 0.70 | 0.70 | — |
| Other | 20.24 | 20.24 | — |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 16.73%Sensitive 58.19%Defensive 25.08%
- Basic Materials
- 0.00%
- Consumer Cyclical
- 10.94%
- Financial Services
- 5.79%
- Real Estate
- 0.00%
- Communication Services
- 18.52%
- Energy
- 2.95%
- Industrials
- 1.74%
- Technology
- 34.98%
- Consumer Defensive
- 0.00%
- Healthcare
- 25.08%
- Utilities
- 0.00%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 100.00%Emerging markets 0.00%
- North America
- 100.00%
- Latin America
- 0.00%
- United Kingdom
- 0.00%
- Europe Developed
- 0.00%
- Europe Emerging
- 0.00%
- Africa / Middle East
- 0.00%
- Japan
- 0.00%
- Australasia
- 0.00%
- Asia Developed
- 0.00%
- Asia Emerging
- 0.00%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- United States
- 100.00%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Large Growth
- Average moat
- Wide
Size score
210
Small
Mid
Large
Value-growth score
291
Value
Blend
Growth
Economic moat
Wide 62%Narrow 28%None 10%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- Giant
- 26.86%
- Large
- 10.48%
- Mid
- 41.84%
- Small
- 20.82%
- Micro
- 0.00%
Giant 27%Large 10%Mid 42%Small 21%
- Average market cap
- $121.87B
- Number of holdings
- 33
- Shares held
- 29
Portfolio statistics · 22 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Price / earnings
- 26.75
- Price / book
- 7.04
- Price / sales
- 6.32
- Price / cash flow
- 17.30
- Dividend yield
- 0.22%
- Assets in top 10
- 57.58%
- Return on equity
- 35.14%
- Net margin
- 32.13%
- Earnings growth (3 yr)
- 40.73%
Top holdings · top 10 = 59.50% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Spv Exposure To Spacex Lp | 20.32 | — | 306.1M | — | — | — | — | |
| NVIDIA Corp NVDA | 9.58 | MAR 2018 | 144.4M | USD | 632,194 | Technology | United States | |
| Alphabet Inc Class A GOOGL | 5.82 | JAN 2026 | 87.7M | USD | 254,812 | Communication Services | United States | |
| Meta Platforms Inc Class A META | 4.76 | JAN 2024 | 71.7M | USD | 98,911 | Communication Services | United States | |
| Veeva Systems Inc Class A VEEV | 3.67 | OCT 2025 | 55.3M | USD | 193,735 | Healthcare | United States | |
| Robinhood Markets Inc Class A HOOD | 3.36 | OCT 2024 | 50.7M | USD | 450,457 | Financial Services | United States | |
| Fortinet Inc FTNT | 3.32 | JUL 2026 | 50.0M | USD | 279,461 | Technology | United States | |
| Natera Inc NTRA | 2.97 | JAN 2025 | 44.8M | USD | 108,332 | Healthcare | United States | |
| Arista Networks Inc ANET | 2.94 | APR 2022 | 44.3M | USD | 217,668 | Technology | United States | |
| DoorDash Inc Ordinary Shares - Class A DASH | 2.76 | JUN 2022 | 41.5M | USD | 226,143 | Consumer Cyclical | United States |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
2.1
3M
0.3
6M
27.9
YTD
7.6
1Y
2.2
3Y
23.4
5Y
6.7
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | 2.08 | 3.19 | 2.15 | 36 / 1,088 |
| 3 months | 0.33 | 1.47 | 0.53 | 69 / 1,075 |
| 6 months | 27.86 | 26.47 | 28.39 | 13 / 1,063 |
| Year to date | 7.58 | 6.06 | 8.25 | 61 / 1,058 |
| 1 year | 2.23 | 1.14 | 3.08 | 89 / 1,049 |
| 3 years p.a. | 23.36 | 22.96 | 24.33 | 53 / 965 |
| 5 years p.a. | 6.66 | 6.42 | 7.40 | 88 / 914 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Calendar year returns
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
Total Capital
2018
-4.7
2019
31.7
2020
50.4
2021
-9.3
2022
-40.5
2023
51.3
2024
33.3
2025
11.4
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 11.39 | 11.39 | 81 / 1,080 |
| 2024 | 33.33 | 33.33 | 27 / 1,088 |
| 2023 | 51.35 | 51.35 | 10 / 1,200 |
| 2022 | -40.53 | -40.53 | 93 / 1,235 |
| 2021 | -9.30 | -9.66 | 99 / 1,237 |
| 2020 | 50.36 | 41.42 | 12 / 1,289 |
| 2019 | 31.66 | 31.55 | 56 / 1,360 |
| 2018 | -4.65 | -4.83 | 75 / 1,405 |
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | -11.96 | -4.74 | -7.49 | — |
| Beta | 1.16 | 1.41 | 1.28 | — |
| R-squared | 33.49 | 58.13 | 63.30 | — |
| Standard deviation | 26.52 | 22.91 | 25.26 | — |
| Sharpe ratio | 0.06 | 0.84 | 0.23 | — |
| Sortino ratio | 0.09 | 1.43 | 0.33 | — |
| Tracking error | 21.74 | 15.64 | 15.84 | — |
| Information ratio | -0.62 | 0.03 | -0.45 | — |
| Upside capture % | 77.05 | 120.55 | 110.20 | — |
| Downside capture % | 201.56 | 164.78 | 156.78 | — |
| Maximum drawdown % | -20.60 | -20.60 | -47.12 | — |
Measured against S&P 500 (TR) (1970) with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
100.4
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Tracking volatility
- 15.355
- Est. holding cost %
- 3.767
- Market impact cost %
- 0.021
- Best quarter
- 27.71% · JUN 2026
- Worst quarter
- -24.39% · JUN 2022
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.75% p.a.
- PDS dated
- 28 OCT 2025
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.0925
- Ex Date
- 21 DEC 2021
- Record Date
- 22 DEC 2021
- Pay Date
- 28 DEC 2021
- NAV at ex date
- 14.92
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2020
0.1
2019
1.7
2018
0.0
2017
0.0
2016
0.0
| Year | Per unit ($) |
|---|---|
| 2020 | 0.0925 |
| 2019 | 1.6516 |
| 2018 | 0.0144 |
| 2017 | 0.0273 |
| 2016 | 0.0128 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 21 DEC 2021 | 0.0925 |
| 21 DEC 2020 | 1.6516 |
| 19 DEC 2019 | 0.0144 |
| 18 DEC 2018 | 0.0273 |
| 22 DEC 2017 | 0.0127 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Low
ESG risk score
20.89
Negligible
Low
Medium
High
Severe
Category average 18.38
- Rank in category
- 92nd percentile of 1,718 funds
- Environmental risk
- 2.80
- Social risk
- 9.48
- Governance risk
- 5.66
- Portfolio covered
- 96.5%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 0.00%
- Low
- 48.29%
- Medium
- 46.19%
- High
- 5.52%
- Severe
- 0.00%
13.07% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
3.58
Low
Medium
High
Severe
Category average 5.57
- Carbon risk
- Low Risk
- Rank in category
- 58th percentile of 1,826 funds
- Fossil fuel involvement
- 0.00%
- Category average
- 3.10%
- Low Carbon Designation
- Yes
- Portfolio covered
- 94.1%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Joel M. Shulman
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 1
- Average tenure
- 8.9 years
- Longest tenure
- 8.9 years
- Longest serving
- Joel M. Shulman · since 7 NOV 2017
- Most recent appointment
- Joel M. Shulman · since 7 NOV 2017
- Managed since
- 7 NOV 2017
- Other funds managed
- 6
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
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