IMPLX — Entrepreneur U.S. Large Cap Fund
Data updated: 2023-02-27
IMPLX — Entrepreneur U.S. Large Cap Fund. United States Large Cap Growth Equity · $25.93M AUM. Holdings, fees, performance and SEC filings.
IMPLX Fund Overview
IMPLX — Entrepreneur U.S. Large Cap Fund is a US mutual fund managed by EntrepreneurShares Series Trust, categorised as United States Large Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: EntrepreneurShares Series Trust
- Category: United States Large Cap Growth Equity
- Assets under management: $25.93M
- 1-year return: -33.8%
- Ticker: IMPLX
- SEC CIK: 0001495922
- SEC series ID: S000045873
- Share class ID: C000142959
IMPLX Investment Objective and Strategy
Entrepreneur U.S. Large Cap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by EntrepreneurShares Series Trust.
Investment objective
Entrepreneur U.S. Large Cap Fund (the Fund in this Summary and other U.S. Large Cap Fund specific sections and U.S. Large Cap Fund elsewhere in this Prospectus) seeks long-term capital appreciation.
Principal investment strategy
The Fund seeks investment results that exceed the performance, before fees and expenses, of the S&P 500 Index (the Index). The Fund will invest at least 80% of its net assets (plus any borrowing for investment purposes) in equity securities of U.S. companies with market capitalizations that are above $5 billion at the time of initial purchase and possess entrepreneurial characteristics (Entrepreneurial Companies), as determined by the Funds portfolio manager. Equity securities include common stocks, preferred stocks, convertible preferred stocks, rights, warrants, options and ADRs. Under normal market conditions, the Fund will invest approximately 85% - 100% of its assets in equity securities of large capitalization companies the business of which is tied economically to the United States, through being domiciled or headquartered within the United States, or whose primary business activities or principal trading markets are located within the United States.
The Fund may invest in a broad range of securities with discretion to invest across industry sectors. Some of the companies that the portfolio manager identifies as exhibiting entrepreneurial characteristics may be investment companies or other financial service companies. The Funds investment strategy is unique, in part, due to the portfolio managers proprietary process of identifying a universe of companies, including technology companies, that the manager believes possess entrepreneurial characteristics. The portfolio manager presumes that company managers with better entrepreneurial vision will select more efficient and economically effective growth vehicles, without taking on undue risk. This trait might be represented by superior growth characteristics compared to other non-entrepreneurial peer companies in the same industry.
These characteristics include: (i) more organic growth; (ii) more strategic alliances/partnerships/licensing deals; (iii) lower debt levels; (iv) lower or no dividends; and (v) higher sales turnover (sales divided by total assets). The Fund then uses fundamental analysis to identify from this list the Entrepreneurial Companies that it believes have the potential for long- term capital appreciation. The portfolio manager generally will sell a portfolio security when he believes the security will no longer increase in value at the same rate it has in the past, changing fundamentals signal a deteriorating value potential, or other securities with entrepreneurial characteristics have better price performance potential.
IMPLX Performance
Total returns for IMPLX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -33.8% |
| 3 years (annualised) | -4.8% |
IMPLX Risk Information
Risk metrics for IMPLX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 25.1%
IMPLX Costs and Fees
IMPLX costs about $76 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.76%
- Gross expense ratio: 0.79%
- Portfolio turnover: 187%
- Brokerage commissions: 3.14 bps of average net assets (SEC N-CEN)
IMPLX Cashflows
Over the 12 months to 2022-12, Entrepreneur U.S. Large Cap Fund had net outflows of $33.23M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-12 | −$94.21K |
| 2022-11 | $6.25K |
| 2022-10 | $7.55K |
| 2022-09 | −$16.67K |
| 2022-08 | $10.64K |
| 2022-07 | −$10.08M |
IMPLX Debt Constituents
No individual debt constituents are reported in Entrepreneur U.S. Large Cap Fund's latest SEC N-PORT filing.
IMPLX Prospectus and SEC Filings
Official Entrepreneur U.S. Large Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-10-28
- Prospectus supplement (497) — filed 2022-04-01
- Prospectus supplement (497) — filed 2021-11-17
- Portfolio holdings (N-PORT) — filed 2023-02-27
- Portfolio holdings (N-PORT) — filed 2022-11-23
- Portfolio holdings (N-PORT) — filed 2022-08-29
- Annual census (N-CEN) — filed 2022-09-13
- Annual census (N-CEN) — filed 2021-09-13
Related Funds
Other United States Large Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.