Key Takeaways
- • ProShares Global Listed Private Equity (PEX) tracks the LPX Direct Listed Private Equity Index, designed to measure performance of actively traded listed private equity companies pursuing direct investment strategies.
- • The fund maintains a concentrated portfolio with Ares Capital Corp (ARCC) as the largest holding at 9.90% of net assets, followed by Onex Corp at 8.64% and Main Street Capital Corporation at 7.36%.
- • PEX invests at least 80% of total assets in index components or economically similar instruments, with 520,001 shares outstanding as of May 5, 2026.
- • The fund pays quarterly dividends of $0.01 per share, providing regular income distribution to shareholders alongside equity exposure to listed private equity operators.
Summary
ProShares Global Listed Private Equity (PEX) is an index-tracking fund structured to provide investors exposure to publicly listed private equity companies that actively pursue direct private equity investment strategies. The fund seeks to replicate the performance of the LPX Direct Listed Private Equity Index before fees and expenses, utilizing financial instruments that ProShares Advisors believes will collectively track index performance.
The fund's investment approach requires a minimum 80% allocation to index components or instruments with economically similar characteristics. This constraint-based strategy ensures that PEX maintains meaningful exposure to its benchmark while allowing limited flexibility for cash management and operational efficiency. As of May 4, 2026, the fund's top holdings reflect concentration in established business development companies and private equity operators: Ares Capital Corp leads the portfolio at 9.90% of net assets, followed by Onex Corp subordinate voting shares at 8.64%, and Main Street Capital Corporation at 7.36%. Additional significant positions include FS KKR Capital Corp (4.62%), Hercules Capital Inc (4.55%), and Golub Capital BDC Inc (4.46%).
As of early May 2026, PEX had 520,001 shares outstanding and distributed $0.01 quarterly dividends to shareholders, reflecting the income-generating characteristics typical of business development companies and listed private equity vehicles. The fund's structure appeals to investors seeking diversified exposure to the listed private equity sector without direct operational involvement or the capital commitment requirements of traditional private equity partnerships.
The fund's investment approach requires a minimum 80% allocation to index components or instruments with economically similar characteristics. This constraint-based strategy ensures that PEX maintains meaningful exposure to its benchmark while allowing limited flexibility for cash management and operational efficiency. As of May 4, 2026, the fund's top holdings reflect concentration in established business development companies and private equity operators: Ares Capital Corp leads the portfolio at 9.90% of net assets, followed by Onex Corp subordinate voting shares at 8.64%, and Main Street Capital Corporation at 7.36%. Additional significant positions include FS KKR Capital Corp (4.62%), Hercules Capital Inc (4.55%), and Golub Capital BDC Inc (4.46%).
As of early May 2026, PEX had 520,001 shares outstanding and distributed $0.01 quarterly dividends to shareholders, reflecting the income-generating characteristics typical of business development companies and listed private equity vehicles. The fund's structure appeals to investors seeking diversified exposure to the listed private equity sector without direct operational involvement or the capital commitment requirements of traditional private equity partnerships.
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