ETF Evaluator:
ProShares Global Listed Private Equity ()
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(as of Aug 26)
Best Performing in Financial Over the Last Year
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ETF Details
ProShares Global Listed Private Equity Overview
ProShares Global Listed Private Equity (PEX) is a passively managed Sector Equity Financial exchange-traded fund (ETF). ProShares launched the ETF in 2013.
The investment seeks investment results, before fees and expenses, that track the performance of the LPX Direct Listed Private Equity Index.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The 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. It will invest at least 80% of its total assets in components of the index or in instruments with similar economic characteristics.
About ProShares Global Listed Private Equity (PEX)
There are 2 members of the management team with an average tenure of 4.67 years: Alexander Ilyasov (2020) and Eric Silverthorne (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P Global 1200 TR index with a weighting of 100% and LPX Direct Listed Private Equity TR USD index with a weighting of 100%. ProShares Global Listed Private Equity has 37 securities in its portfolio. The top 10 holdings constitute 64.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
ProShares Global Listed Private Equity is part of the Equity global asset class and is within the Sector Equity ETF group. ProShares Global Listed Private Equity has 29.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 47.4% There is 29.4% allocated to foreign stock, and 0.6% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ProShares Global Listed Private Equity has 1.1% of the portfolio in cash.
Assets Under Management
The fund has $11 million in total assets, which is below the $2 billion average for the Financial category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PEX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ProShares Global Listed Private Equity expense ratio is high compared to funds in the Financial category. ProShares Global Listed Private Equity has an expense ratio of 2.95%, which is 94% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. ProShares Global Listed Private Equity has a portfolio turnover rate of 21%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 27% for the Financial category.
Recently, in the month of July 2026, ProShares Global Listed Private Equity returned 4.6%, which earned it a grade of C, as the Financial category had an average return of 4.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
ProShares Global Listed Private Equity has a trailing yield of 8.54%, which is above the 3.85% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
ProShares Global Listed Private Equity Grades
Year to date, the ETF has returned -7.3%, 12.1 percentage points worse than the category, which translates into a grade of F. The fund has returned -10.8% over the past year (grade of F), 4.1% over the past three years (grade of F) and -0.2% per year over the past five years (grade of F) and 4.8% per year over the past 10 years (grade of F).
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PEX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PEX Return (NAV) | 4.6% | 0.4% | -10.8% | 4.1% | -0.2% | 4.8% |
| PEX Return (Price) | 5.0% | 3.2% | -11.2% | 4.3% | -0.2% | 4.8% |
| NAV +/- Price Return | -0.398% | -2.816% | 0.389% | -0.221% | 0.016% | -0.017% |
| Financial Avg | 4.6% | 6.3% | 9.3% | 15.6% | 8.6% | 10.8% |
| PEX Grade (NAV) | C | F | F | F | F | F |
| +/- Category (NAV) | -0.1% | -5.9% | -20.1% | -11.6% | -8.9% | -6.0% |
| PEX Tax-Cost Ratio | na | na | 2.5% | 3.9% | 3.5% | 3.4% |
PEX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PEX Return (NAV) | -7.3% | 1.2% | 12.5% | 22.9% | -25.6% | 27.4% | -0.6% | 24.9% | -13.2% | 15.0% | 11.1% |
| PEX Return (Price) | -6.8% | 0.2% | 13.1% | 23.2% | -26.0% | 28.3% | -1.1% | 25.6% | -13.3% | 14.3% | 11.0% |
| NAV +/- Price Ret | -0.070% | -0.789% | 0.053% | 0.011% | 0.015% | 0.031% | 0.884% | 2.6% | 1.0% | -4.4% | -0.4% |
| Financial Avg | 4.8% | 11.7% | 23.9% | 13.9% | -13.8% | 32.1% | -1.0% | 28.6% | -12.8% | 14.2% | 22.3% |
| PEX Grade (NAV) | F | F | F | B | F | D | B | D | C | C | F |
| +/- Category | -12.1% | -10.6% | -11.4% | 9.1% | -11.8% | -4.7% | 0.4% | -3.7% | -0.4% | 0.8% | -11.3% |
| Risk Measures | |
| Beta: | 0.78 |
| R-Squared: | 51% |
| Standard Deviation: | 13.9% |
| Category Risk Index: | 0.81 |
| Category Risk Rating: | Low |
| Total Risk Index: | 1.13 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 8.5% |
| Total Assets: | $ 11 Mil |
| Share Class Assets: | $ 11 Mil |
| Turnover: | 21.0% |
| Expense Ratio: | 2.95% |
| Index Fund: | Yes |
| Index Tracked: | S&P Global 1200 TR |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 6.0 years | |||
| Average Tenure: 4.7 years | |||
| Managers (Year): Ilyasov Alexander (2020), Silverthorne Eric (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 37 |
| % in Top 10 Holdings: | 64.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 29.4% |
Portfolio Allocation |
|
| Domestic Stock: | 47.4% |
| Foreign Stock: | 29.4% |
| Preferred Stock: | 0.6% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 21.5% |
| Cash: | 1.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | ProShares |
| Phone Number: | 866-776-5125 |
| Website: | www.proshares.com |
| Inception Date: | February 26, 2013 |
Expenses and Fees
| Expense Ratio (%): | 2.95% (Rating: High) |
| Category Average Expense Ratio (%): | 1.52% |
