PEX

Global Listed Private Equity ETF

PEX invests in a globally diversified portfolio of listed private equity companies whose primary business is direct investments in private enterprises.

How to Buy
Why PEX?
Exposure to Private Equity

PEX invests in a broad set of listed private equity firms that stand to benefit from private market growth.

Diversification*

Private equity investments often have a lower correlation with public equity markets, allowing PEX to deliver diversification potential.

Efficient

PEX provides a convenient, liquid alternative to investing in typical private equity limited partnerships.

Performance
About the Fund
Exposures
Holdings
Index
Distributions
View fund details
Documents & Downloads
ETF & Index
Fund Fact Sheet
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NAV History
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Prospectus & Regulatory
Summary Prospectus
Statutory Prospectus
SAI
Annual Report
Semi-Annual Report

You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

Performance

Growth of $10,000

Since Inception
Since Inception
Year-to-Date
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
10 Years

Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.

Total Return

Month-End Total Returns as of 11/30/2025
Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
PEX NAV -2.41% -6.00% -1.99% -0.48% -1.40% 9.74% 6.60% 5.69% 6.22% 02/26/2013
PEX Market Price -2.62% -6.73% -2.15% -1.38% -2.50% 9.57% 6.60% 5.69% 6.19% 02/26/2013
LPX Direct Listed Private Equity Index -2.41% -5.94% -1.77% -0.25% -1.09% 10.42% 7.09% 6.06% 6.67% --

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

About the Fund

Snapshot
  • Ticker
    PEX
  • Intraday Ticker
    PEX.IV
  • CUSIP
    74348A533
  • Inception Date
    2/26/13
  • Net Expense Ratio
    2.95%*
  • Gross Expense Ratio
    4.24%
  • NAV Calculation Time
    4:00 p.m. ET
Characteristics
as of 11/30/2025
  • Number of Companies
    30
  • Avg. Market Cap
    $4.14 billion

    Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.

Price
as of 1/06/2026
  • NAV
    $24.96
  • NAV Change
    $-0.10 down caret
  • Market Price
    $24.95
  • Market Price Change
    $-0.08 down caret
  • Trading Volume (M)
    5,596
  • 30-Day Median Bid Ask Spread
    0.23%
  • View Premium / Discount
Distributions
as of 11/30/2025
  • Distribution Frequency
    Quarterly
  • SEC 30-Day Yield
    6.24%

    SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.

  • 12-Month Yield
    12.20%

    12-Month Yield represents the sum of the funds dividends for the lost 12 months divided by the sum of the lost month's NAV and any capitol gain distributions mode over the post 12 months.

  • Distribution Details
Snapshot
  • Ticker
    PEX
  • Intraday Ticker
    PEX.IV
  • CUSIP
    74348A533
  • Inception Date
    2/26/13
  • Net Expense Ratio
    2.95%*
  • Gross Expense Ratio
    4.24%
  • NAV Calculation Time
    4:00 p.m. ET
Characteristics
as of 11/30/2025
  • Number of Companies
    30
  • Avg. Market Cap
    $4.14 billion

    Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.

Price
as of 1/06/2026
  • NAV
    $24.96
  • NAV Change
    $-0.10 down caret
  • Market Price
    $24.95
  • Market Price Change
    $-0.08 down caret
  • Trading Volume (M)
    5,596
  • 30-Day Median Bid Ask Spread
    0.23%
  • View Premium / Discount
Distributions
as of 11/30/2025
  • Distribution Frequency
    Quarterly
  • SEC 30-Day Yield
    6.24%

    SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.

  • 12-Month Yield
    12.20%

    12-Month Yield represents the sum of the funds dividends for the lost 12 months divided by the sum of the lost month's NAV and any capitol gain distributions mode over the post 12 months.

  • Distribution Details

Expenses with Contractual Waiver through September 30, 2026. Without the fee waiver performance would likely be lower.

*This ETF has acquired fund fees and expenses of 2.35%. These fees are incurred indirectly through the fund's ownership of shares in other investment companies, such as business development companies. They are not direct costs paid by shareholders or used to calculate net asset value. The fund's net expense ratio including fee waivers and excluding acquired fund fees is 0.60%.

Exposures

Index as of 9/30/2025 and Fund as of 1/06/2026

Holdings

as of 1/06/2026

Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
10.52% ARCC ARES CAPITAL CORP -- $1,338,741.21 65,019 B032FN0
8.10% MAIN MAIN STREET CAPITAL CORP -- $1,030,856.64 16,544 B28BNR6
7.58% III 3I GROUP PLC -- $964,841.73 22,033 B1YW440
7.58% SOF SOFINA -- $964,387.87 3,236 4820301
7.36% ONEX ONEX CORPORATION -- $937,372.92 10,860 2659518
4.74% HTGC HERCULES CAPITAL INC -- $603,447.86 32,426 B07LT08
4.63% HGT HGCAPITAL TRUST PLC -- $589,696.31 85,993 BJ0LT19
4.63% GBDC GOLUB CAPITAL BDC INC -- $588,797.32 42,884 B60K6F8
4.60% FSK FS KKR CAPITAL CORP -- $585,487.14 40,047 BLPJL16
4.04% RF EURAZEO SE -- $514,229.34 8,373 7042395
3.79% MF WENDEL -- $482,708.51 5,134 7390113
3.37% KINVB KINNEVIK AB - B -- $429,420.43 48,858 BRDY8X6
3.35% TSLX SIXTH STREET SPECIALTY LENDI -- $426,500.06 19,466 BMGGJV9
2.49% HBMN HBM HEALTHCARE IVST-A -- $317,389.26 1,125 B01TCC1
2.00% GIMB GIMV NV -- $254,650.38 4,880 5249080
1.97% CSWC CAPITAL SOUTHWEST CORP -- $251,419.28 11,032 2174583
1.71% OCSL OAKTREE SPECIALTY LENDING CO -- $217,868.97 17,061 BPVGJR1
1.70% MFIC MIDCAP FINANCIAL INVESTMENT -- $216,302.82 18,679 BGLP5H7
1.68% OCI OAKLEY CAPITAL INVESTMENTS -- $213,573.05 27,953 B23DL39
1.66% PSEC PROSPECT CAPITAL CORP -- $211,019.57 77,867 B020VX7
1.60% GSBD GOLDMAN SACHS BDC INC -- $204,310.08 22,256 BWC8Y36
1.49% NBPE NB PRIVATE EQUITY PARTNERS L -- $189,058.57 8,624 B28ZZX8
1.35% BBDC BARINGS BDC INC -- $171,817.47 18,819 BFZ4N57
1.28% SYNC SYNCONA LTD -- $163,258.19 124,939 B8P59C0
1.21% PEY PARTNERS GROUP PRIVATE EQUIT -- $154,325.32 12,341 B28C2R2
1.21% RATOB RATOS AB-B SHS -- $153,464.81 37,622 B130WD0
1.20% CHRY CHRYSALIS INVESTMENTS LTD -- $152,709.46 96,196 BGJYPP4
1.12% SLRC SLR INVESTMENT CORP -- $142,665.78 9,258 B61FRC6
1.04% NMFC NEW MOUNTAIN FINANCE CORP -- $132,959.50 14,374 B61WWF5
0.52% CODI COMPASS DIVERSIFIED HOLDINGS -- $66,250.90 13,745 B14TC70
-- -- NET OTHER ASSETS (LIABILITIES) -- $60,979.14 60,979 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

as of 9/30/2025

  • Total Number of Companies30
  • Price/Earnings Ratio16.11
  • Price/Book Ratio0.94
  • Dividend Yield ( % )6.68
  • Avg. Index Market Capitalization$4.51 billion
About the Index

The LPX Direct Listed Private Equity Index is designed to measure the performance of the most actively traded listed private equity companies that mainly pursue a direct private equity investment strategy.

Distributions

For

2026
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital
Get the latest perspectives and updates.

*Diversification does not ensure a profit or guarantee against a loss.

For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.

 May include significant acquired fund fees and expenses incurred indirectly through the fund's ownership of shares in other investment companies, such as business development companies. These fees are not direct costs paid by shareholders or used to calculate net asset value. See the prospectus for more information.

Holdings are subject to change.

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

There is no guarantee that capital gain distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

There is no guarantee any ProShares ETF will achieve its investment objective.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Investing involves risk, including the possible loss of principal. This ProShares ETF is subject to certain risks, including the risk that the fund may not track the performance of the index and that the fund’s market price may fluctuate, which may decrease performance. Please see their summary and full prospectuses for a more complete description of risks.

International investments may involve risks from: geographic concentration, differences in valuation and valuation times, unfavorable fluctuations in currency, differences in generally accepted accounting principles, and from economic or political instability.

Investments in smaller companies typically exhibit higher volatility. Small- and mid-cap companies may have limited product lines or resources, may be dependent upon a particular market niche and may have greater fluctuations in price than the stocks of larger companies. Small- and mid-cap companies may lack the financial and personnel resources to handle economic or industry-wide setbacks and, as a result, such setbacks could have a greater effect on small- and mid-cap security prices.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

There are risks in investing in listed private equity companies (LPEs), which encompass business development companies (BDCs) and other financial institutions or vehicles whose principal business is to invest in and provide financing to privately held companies. Little public information may exist for private or thinly traded companies, and investors may not be able to make fully informed investment decisions. Private equity securities carry risks related to unclear ownership, market access and market opaqueness. BDCs are subject to the Investment Company Act of 1940 but are exempt from many of its regulatory constraints. The fund is subject to risks faced by BDCs to the same extent as its index is so concentrated. A significant portion of the index is composed of BDCs or other investment companies. The fund may not acquire greater than 3% of the total outstanding shares of such companies. As a result, the fund’s ability to purchase certain securities in the proportions represented in the index could be inhibited. The fund may be required to use sampling techniques in these circumstances, which could increase correlation risk. For more on the fund, LPEs, BDCs, correlation and other risks, please read the prospectus.

"LPX® Direct Listed Private Equity Index" and "LPX®" are registered trademarks of LPX GmbH and have been licensed for use by ProShares. ProShares have not been passed on by LPX GmbH as to their legality or suitability. ProShares based on the LPX® Direct Listed Private Equity Index are not sponsored, endorsed, sold, or promoted by LPX GmbH, and it makes no representation regarding the advisability of investing in ProShares. THIS ENTITY AND ITS AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

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