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PEX

GradeDChicago Board Options Exchange

ProShares Global Listed Private Equity ETF

Themes · ProShares · Inception 2013-02-26 · SEC filings

$22.84−0.62 (−2.62%)

As of Sep 23, 2026, 3:04 PM EDT

Intraday session: down, 60 prints from 23.46 to 22.84. Range 22.80 to 23.03. Use the arrow keys to read each point.$22.80$22.90$23.0010 AM12 PM2 PM4 PM
Expense ratio
2.95%
Fund size
$11M
1Y return
−7.5%
Yield · Last 12 months
8.36%
Holdings
32
Volume · 30D
0M sh
NAV per share
$23.53
52W range
low $20.49high $27.55

The ETF.net PEX Grade

D

35/ 100

Rank 10 of 12 in Listed Private Markets⁠

Confidence Medium

Six-pillar profile for PEX. Scores out of 100: Cost 35, Risk 49, Mission not scored, Tradability 23, Holdings 27, Durability 59. Strongest: Durability (59). Weakest: Tradability (23). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 35 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 35
    Category rank8/12 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 49
    Category rank7/12 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 23
    Category rank10/12 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 27
    Category rank11/11 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 59
    Category rank6/12 · top 50%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on PEX

ETF.net Research

DPrivate equity you can buy at 9:30 a.m. PEX tracks a global index of roughly 30 listed firms that write their own deal checks (buyout houses, BDCs), not funds of funds. The headline fee is mostly a pass-through of what those firms charge.

Stated mandate

The Fund seeks to track, before fees and expenses, the performance of the LPX Direct Listed Private Equity Index.

Why people hold it

  1. 01Direct-only by design: the index screens for listed companies that mainly pursue their own private equity deals, so you own operators, not a wrapper around other people's funds.proshares.com
  2. 02Most of the sticker price is not ProShares'. The issuer puts the fund's net expense ratio at 0.60% after waivers, once the fees of the companies it holds are stripped out.proshares.com
  3. 03Running since 2013 on one narrow brief: at least 80% of assets in index components, and it has hugged that index closely.proshares.com

Worth knowing

  1. 01All-in cost including the underlying companies' fees sits near 3%, above the peer median. GPZ (0.40%) and GTPE (0.50%) charge far less for adjacent private-markets exposure.
  2. 02Small fund, light volume. Spreads can be wide, so limit orders matter more here than in a household-name ETF.
  3. 03About 30 holdings, heavy in BDCs, and a 3% ownership limit per company means the fund sometimes samples the index instead of matching it name for name.proshares.com

PEX Holdings

As of Sep 20, 2026, 6:50 AM
Asset class
Other
Holdings
32
Top-10 weight
64%
Largest holding
ARCC10.0%

Sectors

  • Financials95.0%
  • Industrials3.3%
  • Health Care1.5%
  • Materials0.3%

Geography

  • United States47.43%
  • United Kingdom18.99%
  • Belgium10.21%
  • Canada8.16%
  • France7.30%
  • Sweden3.65%
  • Switzerland2.62%
  • Bermuda1.65%

Developed 97% · Emerging 3% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001ARCCARES CAPITAL CORP10.01%58,010$1M17
002III3I GROUP PLC9.69%30,519$1M64
003—ONEX CORPORATION8.10%11,643$910K1
004SOFSOFINA7.77%3,086$873K10
005MAINMAIN STREET CAPITAL CORP7.68%15,450$864K12
006HTGCHERCULES CAPITAL INC4.64%30,108$522K9
007FSKFS KKR CAPITAL CORP4.63%46,069$520K10
008GBDCGOLUB CAPITAL BDC INC4.21%37,758$473K14
009MFWENDEL3.69%4,355$415K4
010RFEURAZEO SE3.51%7,408$395K310
011—HGCAPITAL TRUST PLC3.47%71,630$390K1
012TSLXSIXTH STREET SPECIALTY LENDI2.73%17,158$307K13
013—HBM HEALTHCARE IVST-A2.63%1,020$295K1
014GROWMOLTEN VENTURES PLC2.38%29,802$268K13
015—KINNEVIK AB - B2.38%44,123$268K1

Showing 1–15 of 31 holdings

PEX Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PEX$9,251
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. PEX $9,251. SPY $11,723. Use the arrow keys to read each point.$7,874$9,962$12,050Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PEX. Periods over one year show the average yearly return.
PeriodPEX
Year to date−5.0%
1 month−2.9%
3 months+9.3%
1 year−7.5%
3 years+6.1%per year
5 years−0.1%per year
10 years+4.8%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PEX
YearReturn barPEX
2026 YTD−5.0%
2025+0.3%
2024+13.1%
2023+23.2%
2022−26.0%
2021+28.3%
2020−1.1%

PEX in the news

ETF.net Research hasn’t filed on PEX yet — coverage lands here as it’s written.

PEX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
8.36%Last 12 months
Payout per share
$1.96Last 12 months
Last payment
$0.01 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 35 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.17; Jun 21, 2017 $1.49; Sep 27, 2017 $1.17; Dec 26, 2017 $5.86; Mar 21, 2018 $0.03; Jun 20, 2018 $0.20; Sep 26, 2018 $0.67; Dec 26, 2018 $0.50; Mar 20, 2019 $0.06; Jun 25, 2019 $0.65; Sep 25, 2019 $0.54; Dec 24, 2019 $1.49; Mar 25, 2020 $0.18; Jun 24, 2020 $0.16; Sep 23, 2020 $0.95; Dec 23, 2020 $0.47; Mar 23, 2021 $0.68; Jun 22, 2021 $1.28; Sep 22, 2021 $1.28; Dec 23, 2021 $1.66; Mar 23, 2022 $0.09; Dec 22, 2022 $0.37; Mar 22, 2023 $0.60; Jun 21, 2023 $0.86; Sep 20, 2023 $1.29; Dec 20, 2023 $0.92; Mar 20, 2024 $0.43; Jun 26, 2024 $1.33; Sep 25, 2024 $1.20; Dec 23, 2024 $0.96; Mar 26, 2025 $0.41; Jun 25, 2025 $0.81; Sep 24, 2025 $0.92; Dec 24, 2025 $1.02; Mar 25, 2026 $0.01. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Mar 25, 2026Mar 31, 2026$0.01
Dec 24, 2025Dec 31, 2025$1.02
Sep 24, 2025Sep 30, 2025$0.92
Jun 25, 2025Jul 1, 2025$0.81
Mar 26, 2025Apr 1, 2025$0.41
Dec 23, 2024Dec 31, 2024$0.96
Sep 25, 2024Oct 2, 2024$1.20
Jun 26, 2024Jul 3, 2024$1.33
Mar 20, 2024Mar 27, 2024$0.43
Dec 20, 2023Dec 28, 2023$0.92
Sep 20, 2023Sep 27, 2023$1.29
Jun 21, 2023Jun 28, 2023$0.86

PEX Risk

How much the fund’s monthly returns vary, scaled to a year.
14.0%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.21
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−36.6%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.80
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

PEX Cost

Expense ratio2.95%
  • The middle half of Listed Private Markets funds
  • Median 0.95%

7 of the 11 Listed Private Markets funds charge less.

PEX costs $295.00 a year on $10,000. The median Listed Private Markets fund costs $95.00.