Fund Description: Entrepreneur 30 Fund is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the EntrepreneurShares Series Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The Entrepreneur 30 Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Entrepreneur 30 Index. INDEX DESCRIPTION: The Entrepreneur 30 Index represents price appreciation and total return, and assumes dividends have been reinvested into the Index. The Index uses primary market prices based in U.S. dollars. The Index is constructed using a rules-based methodology by selecting equity securities from a pool of companies whose securities trade on NASDAQ, the New York Stock Exchange or another major exchange in the U.S. and have a market capitalization that exceeds $1,000,000,000 USD (the Index Universe). The Fund invests in domestic U.S. equity securities, but such securities may include domestic equity securities of foreign issuers, including indirect investments such as American Depositary Receipts (ADRs) or other types of depositary receipts, which are U.S. dollar-denominated securities of foreign issuers traded on a U.S. exchange. The Index selects companies from Index Universe using six factors, which are sometimes referred to as the entrepreneurial standards, are: (1) Management (2) Compensation (3) Revenue (4) Ownership (5) Profitability and (6) Company Statistics. To construct the Entrepreneur 30 Index , each constituent in the Index Universe that meets all six of the entrepreneurial standards is ranked by its market capitalization, with the 30 largest companies by market capitalization being selected to be in the index. FUND STRATEGY: Under normal circumstances, the Fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies included in the Index. The Fund employs a passive investment approach designed to attempt to track the performance of the Index. In seeking its objective, the Fund typically employs a full replication strategy which involves investing in all the securities that make up the Index, in the same approximate proportions as the Index. The Fund can, however, use a sampling methodology to purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. FUND MANAGEMENT: Capital Impact Advisors, LLC serves as the investment advisor to the Fund.