PEX

ProShares Global Listed Private Equity ETF
*Unless otherwise stated, data provided by FactSet.

PEX Fund Description

PEX tracks a market-cap-weighted index of publicly traded private equity firms around the world.

PEX Factset Analytics Insight

PEX is the third launch in the Global Private Equity Segment, and one of just two 1940 Act ETFs. The fund charges significantly more than its closest competitor, PSP. Still, neither is cheap, and both funds report the expense of underlying holdings in their own fees, unlike BDCS, an ETN that avoids this requirement. Its 30-holding portfolio is less half the size of PSP. PEX weights its holdings by market cap unlike our benchmark, which uses a proprietary methodology to weight and select securities. Unlike PSP, PEX avoids familiar names like KKR and Blackstone. While PEX is still fairly new, its assets and trading volume are small enough to worry about. We see fund closure risk and poor liquidity.

PEX MSCI FaCS and Factor Box

MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.

PEX Charts And Performance

Price Chart ($)
Total Return Chart (%)
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  • 3 Months
  • YTD
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Select ETFs to compare their performance:
PERFORMANCE [as of 11/20/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PEX 13.50% 13.76% -7.44% -4.25% 0.70% 4.74% --
PEX (NAV) 12.44% 13.82% -7.16% -3.56% 0.60% 4.81% --
LPX Direct Listed Private Equity Index 12.50% 14.22% -7.08% -3.36% 0.97% 5.01% 6.22%
S&P Listed Private Equity -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PEX Summary Data

ProShares
02/26/13
Open-Ended Fund
3.41%
$19.23M
$56.73K
0.28%
PSP

PEX Portfolio Data

$3.79B
-73.89
0.90
9.12%
12/23/20
30

PEX Index Data

Market Cap
Market Cap
S&P Listed Private Equity

PEX Portfolio Management

3.41%
-0.19%
0.29%
-1.17%

PEX Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

PEX Fund Structure

Open-Ended Fund
No
No
No Policy
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

PEX Factset Analytics Block Liquidity

As of 11/23/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of PEX. PEX is rated a 1 out of 5.

PEX Tradability

2,063
$56.73K
1,244
$33.61K
0.28%
$0.08
-0.06%
2.73% / -1.55%
None
70.00%
10,000
0.12
0.00%
0.30%
0
$30.44
1

PEX Top 10 Holdings[View All]

0.00%

PEX Performance Statistics

--
--
--
--
0.00%
S&P Listed Private Equity

PEX Benchmark Comparison Holdings

30
--
--
0.00%

PEX Benchmark Comparison Summary


PEX
Segment Benchmark
30
--
$3.79B
--
-73.89
--
0.90
--
6.75%
--
High
High

PEX Benchmark Comparison Market Cap Size


PEX
Segment Benchmark
0.00%
--
44.34%
--
49.84%
--
5.82%
--