IMPAX: ERShares US Small Cap Fund™ Inst

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IMPAX ERShares US Small Cap Fund™ Inst


Profile

IMPAX - Profile

Vitals

  • YTD Return 6.1%
  • 3 Yr Annualized Return 2.5%
  • 5 Yr Annualized Return 2.5%
  • Net Assets $156 M
  • Holdings in Top 10 15.4%

52 WEEK LOW AND HIGH

$12.67
$11.60
$13.26

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.89%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 43.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return 6.1%
  • 3 Yr Annualized Total Return 13.1%
  • 5 Yr Annualized Total Return 10.1%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio -0.01%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    ERShares US Small Cap Fund™
  • Fund Family Name
    EntrepreneurShares
  • Inception Date
    Dec 17, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Joel Shulman

Fund Description

The fund seeks investment results that exceed the performance, before fees and expenses, of the Russell 2000® Index. It will invest at least 80% of its assets in equity securities of small or mid capitalization companies domiciled or headquartered within the United States, or whose primary business activities or principal trading markets are located within the United States ("Entrepreneurial Companies"). Small capitalization companies are companies with market capitalizations that are above $300 million at the time of initial purchase.


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Categories

Performance

IMPAX - Performance

Return Ranking - Trailing

Period IMPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.1% -2.7% 13.3% 34.13%
1 Yr -0.5% -39.4% 37.1% 86.11%
3 Yr 2.5%* -53.1% 27.7% 54.53%
5 Yr 2.5%* -39.1% 24.1% 44.03%
10 Yr N/A* -17.7% 16.4% N/A

* Annualized

Return Ranking - Calendar

Period IMPAX Return Category Return Low Category Return High Rank in Category (%)
2019 11.8% -49.8% 425.7% 86.23%
2018 -15.6% -54.2% 18.6% 36.10%
2017 11.9% -73.6% 36.1% 60.15%
2016 17.1% -49.0% 133.1% 11.86%
2015 -11.1% -70.7% 173.7% 59.96%

Total Return Ranking - Trailing

Period IMPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.1% -2.7% 13.3% 34.13%
1 Yr -0.5% -39.4% 37.1% 86.11%
3 Yr 13.1%* -23.1% 27.7% 19.22%
5 Yr 10.1%* -17.7% 28.3% 15.51%
10 Yr N/A* -7.6% 27.2% N/A

* Annualized

Total Return Ranking - Calendar

Period IMPAX Return Category Return Low Category Return High Rank in Category (%)
2019 11.8% -49.8% 425.7% 86.23%
2018 2.5% -54.2% 18.6% 2.54%
2017 23.8% -5.9% 42.0% 34.82%
2016 17.3% -16.4% 133.1% 16.01%
2015 -5.4% -59.6% 200.6% 55.14%

NAV & Total Return History


Holdings

IMPAX - Holdings

Concentration Analysis

IMPAX Category Low Category High IMPAX % Rank
Net Assets 156 M 4.64 M 25.7 B 74.13%
Number of Holdings 84 1 2020 66.40%
Net Assets in Top 10 23.3 M 369 K 2.44 B 78.39%
Weighting of Top 10 15.37% 5.2% 100.0% 73.34%

Top 10 Holdings

  1. Insperity Inc 1.65%
  2. Texas Roadhouse Inc 1.62%
  3. Global Blood Therapeutics Inc 1.54%
  4. Sunrun Inc 1.54%
  5. Cheesecake Factory Inc 1.53%
  6. Corcept Therapeutics Inc 1.52%
  7. J&J Snack Foods Corp 1.52%
  8. Yelp Inc Class A 1.51%
  9. Medpace Holdings Inc 1.49%
  10. The GEO Group Inc 1.45%

Asset Allocation

Weighting Return Low Return High IMPAX % Rank
Stocks
95.11% 86.87% 109.00% 83.91%
Cash
5.85% -3.87% 16.68% 7.57%
Preferred Stocks
0.00% 0.00% 3.57% 91.17%
Convertible Bonds
0.00% 0.00% 0.00% 91.01%
Bonds
0.00% 0.00% 0.13% 91.17%
Other
-0.96% -13.22% 7.79% 98.42%

Stock Sector Breakdown

Weighting Return Low Return High IMPAX % Rank
Technology
33.28% 2.71% 77.08% 9.94%
Healthcare
27.68% 0.15% 44.56% 32.33%
Financial Services
10.77% 0.00% 22.83% 19.40%
Consumer Cyclical
7.90% 0.00% 27.51% 89.91%
Industrials
5.64% 2.68% 39.66% 97.32%
Consumer Defense
5.49% 0.00% 14.85% 31.07%
Real Estate
2.83% 0.00% 13.39% 41.17%
Energy
2.69% 0.00% 10.09% 9.15%
Communication Services
2.29% 0.00% 11.20% 45.74%
Basic Materials
1.44% 0.00% 9.73% 62.62%
Utilities
0.00% 0.00% 7.29% 94.01%

Stock Geographic Breakdown

Weighting Return Low Return High IMPAX % Rank
US
95.11% 81.58% 108.58% 50.16%
Non US
0.00% 0.00% 14.94% 99.05%

Expenses

IMPAX - Expenses

Operational Fees

IMPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.89% 0.06% 4.73% 86.85%
Management Fee 0.75% 0.05% 1.59% 40.13%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.40% 22.49%

Sales Fees

IMPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

IMPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 57.81%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IMPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 43.00% 8.00% 474.00% 33.71%

Distributions

IMPAX - Distributions

Dividend Yield Analysis

IMPAX Category Low Category High IMPAX % Rank
Dividend Yield 0.00% 0.00% 27.99% 91.17%

Dividend Distribution Analysis

IMPAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

IMPAX Category Low Category High IMPAX % Rank
Net Income Ratio -0.01% -2.40% 1.11% 15.37%

Capital Gain Distribution Analysis

IMPAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

IMPAX - Fund Manager Analysis

Managers

Joel Shulman


Start Date

Tenure

Tenure Rank

Dec 17, 2013

6.13

6.1%

Dr. Joel Shulman is the founder and managing director of EntrepreneurShares. His 25+ 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 20+ 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. In addition, he provided consulting services to the World Bank and helped facilitate capital market development in Central Asian states. Dr. Shulman is author of 2004 best business book Getting Bigger by Growing Smaller and contributes regularly to a Forbes column on investing.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 28.51 7.9 2.92