(PEX) ProShares Global Listed - Ratings and Ratios

The ProShares Global Listed Private Equity ETF (BATS:PEX) is designed to provide exposure to the performance of actively traded listed private equity companies. The fund primarily invests in financial instruments selected to track the performance of its target index, which focuses on firms that pursue direct private equity investment strategies. By investing at least 80% of its total assets in index components or instruments with similar economic characteristics, the ETF aims to replicate the indexs returns. As a non-diversified fund, it may concentrate its holdings in a smaller number of securities, which can lead to higher volatility compared to diversified funds.

The funds strategy involves tracking an index composed of listed private equity companies, which are publicly traded firms that primarily engage in private equity investments. These companies often offer investors a way to gain exposure to private equity without the illiquidity typically associated with traditional private equity funds. The ETFs structure allows for daily liquidity, making it accessible to a broader range of investors. The funds use of derivatives or other financial instruments to achieve its investment objective may introduce additional risks, such as counterparty risk or tracking error.