The PEX ProShares ETF is managed by ProShare Advisors, aiming to track the performance of the LPX Direct Listed Private Equity Index. The LPX Index consists of up to 30 qualifying listed private equity companies, selected based on criteria such as direct private equity investments, cash equivalents, and post-initial public offering listed investments representing over 80% of a company's total assets. The Index is known for its inclusion of a variety of market capitalizations, from micro-cap to large-cap, and is rebalanced quarterly. Under normal conditions, the PEX ETF invests at least 80% of its assets in component securities of the LPX Index, with a focus on equity securities issued by U.S. and foreign public companies, including business development companies (BDCs) for U.S. domiciled firms. ProShare Advisors employs a replication strategy to achieve its investment objective, emphasizing full exposure to the Index's returns without consideration for market conditions or trends. Furthermore, the Fund may concentrate its investments in particular industries or regions to mirror the concentration of the Index, as of May 31, 2022, emphasizing the financials industry group. Please refer to the Fund's Prospectus for comprehensive details on investment objectives, principal strategies, and related risks.
While the PEX ETF (PEX) primarily emphasizes exposure to the performance of the PEX Index, it does offer dividend distributions to its investors. Dividends from PEX are typically paid out on a quarterly basis, subject to the dividend policies and performances of the underlying companies within the index. Investors seeking a balance between growth potential and dividend income may consider PEX as part of their investment portfolio.
The LPXDITU ETF, managed by ProShare Advisors, is designed to track the performance of the LPX AG Index, which comprises up to 30 qualifying listed private equity companies. A listed private equity company is eligible for inclusion in the index if it holds more than 80% of its total assets in direct private equity investments, cash equivalents, or post-initial public offering listed investments. The LPXDITU ETF seeks to replicate the composition of the index, primarily investing in equity securities of U.S. and foreign public companies, including business development companies (BDCs) for U.S. domiciled firms. The fund utilizes a replication strategy to closely match the index's performance and maintains a focus on the financials industry, in line with the index's concentration. Please refer to the Fund's Prospectus for more information on its investment objectives and strategies.
The correlation aspect of the ProShares Global Listed Private Equity ETF (PEX) is essential for investors seeking exposure to the listed private equity sector. PEX aims to track the LPX Direct Listed Private Equity Total Return Index, comprising up to 30 qualifying listed private equity companies. These companies primarily invest in or are exposed to private companies, making PEX's correlation with the performance of private equity assets a key consideration. Understanding this correlation can help investors gauge the ETF's potential for capturing returns in the private equity space. To delve deeper into PEX's correlations and gain valuable insights into its portfolio, investors can utilize ETF Insider's web app, which provides comprehensive data and visualization tools for analyzing correlations and identifying overlaps with other U.S. ETFs.
The ProShares Global Listed Private Equity ETF (PEX) is primarily involved in the financial sector, as it seeks to track the performance of the LPX Direct Listed Private Equity Index. This index is comprised of up to 30 qualifying listed private equity companies, which are selected based on their significant exposure to private equity investments. PEX provides investors with exposure to the private equity industry, allowing them to potentially benefit from the growth and returns associated with this asset class. However, it's important to note that investing in private equity can be riskier and less liquid compared to traditional equity investments.
The Alternative Sources ETF (PEX) employs an active management strategy focused on dynamic exposure management. It utilizes systematic trend-following techniques, market analysis, and risk management to adjust its exposure to various U.S. and non-U.S. equity sectors, styles, and asset classes. In periods of low systemic market risk or bullish market conditions, PEX seeks to capitalize on opportunities in equity sectors, while during elevated market risk or bearish environments, it shifts its exposure towards fixed income securities, cash, or cash equivalents. The ETF offers investors a flexible approach to navigate changing market conditions and aims to outperform the S&P 500 Index in any market environment. For a comprehensive analysis of PEX's exposure and in-depth data visualization, investors can use the ETF Insider web app to explore correlations, overlaps, and more.
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