PEX vs. BIZD ETF Comparison

Comparison of ProShares Global Listed Private Equity ETF (PEX) to Market Vectors BDC Income ETF (BIZD)

PEX

ProShares Global Listed Private Equity ETF

PEX Description

The investment seeks investment results before fees and expenses that track the performance of the LPX Direct Listed Private Equity Index (the "index"). The index consists of up to 30 qualifying listed private equity companies. The fund invests in securities that ProShare Advisors believes, in combination, should track the performance of the index. It will invest at least 80% of its total assets in component securities. The fund will concentrate its investments in a particular industry or group of industries, country or region to approximately the same extent as the index is so concentrated. It is non-diversified.

Grade (RS Rating)

Last Trade

$28.50

Average Daily Volume

3,302

Number of Holdings ^*

13

* may have additional holdings in another (foreign) market

BIZD

Market Vectors BDC Income ETF

BIZD Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors® US Business Development Companies Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The BDC Index is comprised of BDCs. BDCs are vehicles whose principal business is to invest in, lend capital to or provide services to privately-held companies or thinly traded U.S. public companies.

Grade (RS Rating)

Last Trade

$16.67

Average Daily Volume

625,092

Number of Holdings ^*

21

* may have additional holdings in another (foreign) market

Performance

Period	PEX	BIZD
30 Days	1.91%	1.58%
60 Days	0.83%	3.81%
90 Days	2.27%	5.54%
12 Months	20.86%	11.07%

12 Overlapping Holdings

	Symbol	Grade	Weight in PEX	Weight in BIZD	Overlap
	ARCC	A	10.18%	22.03%	10.18%
	BBDC	A	1.44%	1.74%	1.44%
	CSWC	D	1.64%	2.06%	1.64%
	FSK	A	8.92%	9.57%	8.92%
	GBDC	C	4.53%	4.7%	4.53%
	GSBD	F	2.24%	2.68%	2.24%
	HTGC	D	4.21%	4.56%	4.21%
	MAIN	A	6.56%	4.76%	4.76%
	NMFC	D	1.71%	1.99%	1.71%
	PSEC	D	2.51%	3.02%	2.51%
	SLRC	A	1.21%	1.21%	1.21%
	TSLX	C	3.0%	3.6%	3.0%

PEX Overweight 1 Positions Relative to BIZD

	Symbol	Grade	Weight
	CODI	B	2.39%

PEX Underweight 9 Positions Relative to BIZD

	Symbol	Grade	Weight
	BXSL	A	-8.65%
	CGBD	D	-1.58%
	PFLT	D	-1.56%
	TCPC	C	-1.44%
	TRIN	A	-1.44%
	FDUS	A	-1.3%
	BCSF	C	-1.21%
	CION	C	-1.17%
	GAIN	C	-0.96%

PEX: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Conglomerates Specialty Finance

Keywords: Business Development Mezzanine Capital Private Equity Venture Capital Chemical Golub Capital Healthcare Service Refinancing Spell Capital Partners Aerospace Beverage Business Development Company Capital Structure Consumer Products Debt Debt Financing Electronics Entrepreneurship Leveraged Buyout Loan

BIZD: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Specialty Finance

Keywords: Business Development Private Equity Mezzanine Capital Venture Capital Loan Business Development Company Credit Debt Refinancing Senior Debt Second Lien Loan Subordinated Debt Aerospace Beverage Chemical Golub Capital Healthcare Service Leveraged Buyout Bankruptcy Capital Structure