ERShares' XOVR ETF Opens the Door to Pre-IPO Stage Investing

Core Viewpoint - ERShares' Private-Public Crossover ETF (XOVR) is the first ETF to provide investors with exposure at the IPO stage, traditionally reserved for venture capital and institutional investors, as demonstrated by Klarna's recent IPO [1][3][4]. Group 1: ETF Structure and Strategy - XOVR was relaunched on August 30, 2024, combining the Entrepreneur 30 Total Return Index (ER30TR) with selective private equity exposure to capture growth opportunities in both public and private markets [2]. - The ETF allows retail investors to access companies during their private-to-public transition, which was previously unavailable to them [3][4]. Group 2: Performance Metrics - Since its relaunch, XOVR has delivered a total return of +37.2% (with dividends reinvested) from August 30, 2024, to September 30, 2025 [6]. - Comparatively, the S&P 500, Russell 1000 Growth, Nasdaq 100, and Dow Jones have shown returns of +20.1%, +28.9%, +26.9%, and +13.7% respectively during the same period [9]. Group 3: Market Context and Future Outlook - The ETF aims to bridge the gap for retail investors who have been excluded from the wealth creation occurring in private markets before IPOs [7]. - Current holdings include both public and private companies such as SpaceX, Anduril, and Klarna, with expectations for more opportunities as additional private companies approach public markets in late 2025 [8]. Group 4: Management Insights - Eva Ados, COO and Chief Investment Strategist at ERShares, emphasizes the importance of providing retail investors access to the IPO stage, stating that the opportunity for private equity exposure has never been more compelling [4]. - Joel Shulman, Founder and CIO of ERShares, describes XOVR as a breakthrough ETF that allows everyday investors to participate in growth across both private and public markets [5].