PEX
Global Listed Private Equity ETF
Why Invest in PEX?
-
Invests exclusively in a globally diversified portfolio of listed private equity companies whose primary business is direct investments in private enterprises.
-
Provides ETF access to listed private equity for investors who either have had difficulty accessing it in other forms or who want more liquidity than is typical of private equity limited partnerships.
Why Invest in PEX?
-
Invests exclusively in a globally diversified portfolio of listed private equity companies whose primary business is direct investments in private enterprises.
-
Provides ETF access to listed private equity for investors who either have had difficulty accessing it in other forms or who want more liquidity than is typical of private equity limited partnerships.
Documents & Downloads
You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)
Performance
Growth of $10,000
Since Inception
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
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| PEX Market Price | 2.80% | 4.19% | 9.23% | 10.70% | 18.72% | 1.16% | 6.58% | 5.61% | 6.86% | 02/26/2013 |
| PEX NAV | 2.03% | 3.68% | 8.08% | 9.63% | 17.13% | 0.94% | 6.32% | 5.82% | 6.78% | 02/26/2013 |
| LPX Direct Listed Private Equity Index | 2.04% | 3.47% | 7.97% | 9.83% | 17.51% | 1.46% | 6.76% | 6.22% | 7.24% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| PEX Market Price | -1.42% | 1.25% | 7.69% | 7.69% | 18.66% | 1.54% | 5.76% | 5.07% | 6.65% | 02/26/2013 |
| PEX NAV | -1.25% | 1.58% | 7.44% | 7.44% | 18.17% | 1.56% | 5.68% | 5.17% | 6.64% | 02/26/2013 |
| LPX Direct Listed Private Equity Index | -1.40% | 1.49% | 7.63% | 7.63% | 18.77% | 2.12% | 6.18% | 5.57% | 7.11% | -- |
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
- Expense Ratio 2.79%*
- Gross Expense Ratio 4.14%
- NAV Calculation Time 4:00 p.m. ET
Characteristics
as of 8/31/2024- Number of Companies --
- Price/Earnings Ratio --
- Price/Book Ratio --
Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.
- Weighted Avg. Market Cap --
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.
- SEC 30-Day Yield (unsubsidized) 4.50%
- Weighted Average Yield to
Maturity-- - Net Effective Duration --
Price
as of 9/06/2024- NAV $28.21
- NAV Change $-0.32
- Market Price $28.35
- Market Price Change $-0.36
- Trading Volume (M) 2,233
- 30-Day Median Bid Ask Spread 0.42%
- View Premium / Discount
Snapshot
- Ticker PEX
- Intraday Ticker PEX.IV
- CUSIP 74348A533
- Inception Date 2/26/13
- Expense Ratio 2.79%
- Gross Expense Ratio 4.14%
- NAV Calculation Time 4:00 p.m. ET
Characteristics
as of 8/31/2024- Number of Companies --
- Price/Earnings Ratio --
- Price/Book Ratio --
Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.
- Distribution Yield --
Distribution Yield represents the annualized yield based on the last income distribution.
- Weighted Avg. Market Cap --
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.
- SEC 30-Day Yield (unsubsidized) 4.50%
- Weighted Average Yield to Maturity --
- Net Effective Duration --
Price
as of 9/06/2024- NAV $28.21
- NAV Change $-0.32
- Market Price $28.35
- Market Price Change $-0.36
- Trading Volume (M) 2,233
- 30-Day Median Bid Ask Spread 0.42%
- View Premium / Discount
The expense ratio above has a contractual waiver ending 9/30/24.
* This ETF has acquired fund fees and expenses of 2.19%. 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 excluding acquired fund fees is 0.60%.
Read the prospectus for more information.
Exposures
Index as of 6/28/2024 and Fund as of 9/06/2024
Holdings
as of 9/06/2024
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 10.87% | III | 3I GROUP PLC | -- | $1,165,764.21 | 28,867 | B1YW440 |
| 9.88% | ARCC | ARES CAPITAL CORP | -- | $1,059,180.84 | 51,617 | B032FN0 |
| 8.22% | FSK | FS KKR CAPITAL CORP | -- | $881,380.47 | 44,047 | BLPJL16 |
| 6.38% | ONEX | ONEX CORPORATION | -- | $683,776.52 | 10,476 | 2659518 |
| 6.16% | MAIN | MAIN STREET CAPITAL CORP | -- | $660,541.29 | 13,583 | B28BNR6 |
| 4.57% | MF | WENDEL | -- | $489,909.86 | 4,893 | 7390113 |
| 4.40% | HGT | HGCAPITAL TRUST PLC | -- | $472,069.44 | 70,898 | BJ0LT19 |
| 4.37% | RF | EURAZEO SE | -- | $468,691.98 | 6,104 | 7042395 |
| 4.29% | GBDC | GOLUB CAPITAL BDC INC | -- | $460,467.72 | 31,197 | B60K6F8 |
| 4.13% | HTGC | HERCULES CAPITAL INC | -- | $442,640.10 | 23,862 | B07LT08 |
| 3.21% | TSLX | SIXTH STREET SPECIALTY LENDI | -- | $344,606.00 | 16,255 | BMGGJV9 |
| 3.03% | PSEC | PROSPECT CAPITAL CORP | -- | $325,100.16 | 61,572 | B020VX7 |
| 2.82% | KINVB | KINNEVIK AB - B | -- | $301,947.49 | 41,835 | BRDY8X6 |
| 2.40% | GSBD | GOLDMAN SACHS BDC INC | -- | $257,305.30 | 18,578 | BWC8Y36 |
| 2.07% | CODI | COMPASS DIVERSIFIED HOLDINGS | -- | $222,058.56 | 10,848 | B14TC70 |
| 2.07% | OCSL | OAKTREE SPECIALTY LENDING CO | -- | $221,461.50 | 13,325 | BPVGJR1 |
| 1.92% | HBMN | HBM HEALTHCARE IVST-A | -- | $205,980.67 | 998 | B01TCC1 |
| 1.84% | NMFC | NEW MOUNTAIN FINANCE CORP | -- | $196,874.04 | 16,124 | B61WWF5 |
| 1.80% | CSWC | CAPITAL SOUTHWEST CORP | -- | $192,497.97 | 7,703 | 2174583 |
| 1.62% | SYNC | SYNCONA LTD | -- | $173,793.53 | 111,018 | B8P59C0 |
| 1.55% | OCI | OAKLEY CAPITAL INVESTMENTS | -- | $166,638.62 | 24,734 | B23DL39 |
| 1.50% | MFIC | MIDCAP FINANCIAL INVESTMENT | -- | $160,373.94 | 11,546 | BGLP5H7 |
| 1.49% | GIMB | GIMV NV | -- | $159,753.69 | 3,540 | 5249080 |
| 1.47% | BBDC | BARINGS BDC INC | -- | $157,086.72 | 16,128 | BFZ4N57 |
| 1.43% | NBPE | NB PRIVATE EQUITY PARTNERS L | -- | $153,028.37 | 7,537 | B28ZZX8 |
| 1.30% | APAX | APAX GLOBAL ALPHA LTD | -- | $139,526.96 | 73,270 | BWWYMV8 |
| 1.22% | SLRC | SLR INVESTMENT CORP | -- | $130,686.92 | 8,372 | B61FRC6 |
| 1.19% | PEY | PARTNERS GROUP PRIVATE EQUIT | -- | $127,273.61 | 10,435 | B28C2R2 |
| 0.98% | RATOB | RATOS AB-B SHS | -- | $105,599.47 | 34,311 | B130WD0 |
| 0.95% | IPO | IP GROUP PLC | -- | $102,218.04 | 176,492 | B128J45 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $92,805.72 | 92,806 | -- |
Index
as of 6/28/2024
- Total Number of Companies30
- Price/Earnings Ratio--
- Price/Book Ratio--
- Dividend Yield ( % )5.01
- Avg. Index Market Capitalization$3.69 billion
About the Index
The index, published by LPX GmbH ("LPX"), consists of up to 30 qualifying listed private equity companies. A listed private equity company is an eligible candidate for the index if its direct private equity investments, as well as cash and cash equivalent positions and post-Initial Public Offering listed investments, represent more than 80% of the total assets of the company. LPX considers direct private equity investments to be direct investments noted on the balance sheet of the listed private equity company in the equity, mezzanine or debt facility of an underlying private company or investments in limited partnerships managed by the management portion of the listed private equity company. Candidates for the index will have a majority of its assets invested in or exposed to private companies or have a stated intention to have a majority of its assets invested in or exposed to private companies.
The index applies a liquidity screen to qualifying companies and then includes up to 30 of the remaining companies based, among other things, on greater relative trading volume (i.e., trading volume relative to the market capitalization of the company)—the index historically has included securities of all market capitalizations, from micro to large cap. The index is reconstituted quarterly on the 15th of January, April, July and October.
Distributions
For
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
| Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
|---|
