What this ETF is trying to do

The Ershares Private-Public Crossover ETF (XOVR) is designed to invest in companies that bridge the gap between private and public markets. Based on its top holdings, the fund focuses heavily on large technology and growth companies. As of October 12, 2026, the fund holds 30 different assets.

Top Holdings

The portfolio is concentrated in a few large names. The top holdings include:

• NVIDIA Corp: 10.66%

• Alphabet Inc Class A: 6.93%

• Meta Platforms Inc Class A: 4.93%

• Applovin Corp: 3.79%

• Reddit Inc Class A: 3.76%

These holdings can change over time.

What the numbers show

The current price of XOVR is $22.18. For investors looking at price movement, the data shows the following:

• Year-to-Date (YTD): The price return is 10.13%.

• One Year: The price return is 2.97%.

• Three Year: The price return is 89.98%.

• Five Year: The total return is 40.80%.

An estimated price from roughly one year ago was $21.54. Because this fund has no history of share splits, these percentages reflect the direct movement of the share price.

Income and distribution explanation

XOVR is not designed as an income fund. The data shows a distribution yield of 0%, and no distributions were detected over the last 12 months. Because there are no payouts, the price return and the total return for the YTD, one-year, and three-year periods are identical.

NAV erosion explanation

NAV erosion happens when the actual value of the assets inside an ETF drops over time. The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, looking at price-based evidence, the fund has an erosion-risk score of 94, which is labeled as "Stable / sideways" with "good" severity. There is no severe erosion-risk flag for this ETF.

Pros

• Strong Long-Term Growth: The fund has shown a significant three-year price return of approximately 90%.

• Stability: The erosion-risk score suggests the price trend has been stable or sideways rather than crashing.

• High-Profile Holdings: It provides exposure to major tech leaders like NVIDIA and Alphabet.

Cons

• No Income: This ETF provides no cash distributions for investors seeking regular income.

• Concentration: A large portion of the fund is tied to a small number of technology stocks.

Beginner takeaway

XOVR is a growth-oriented ETF rather than an income-oriented one. It focuses on "crossover" companies and has seen strong growth over a three-year window. While it does not pay dividends, its price-based risk indicators are currently rated as good.