PEX vs. PSP ETF Comparison

Comparison of ProShares Global Listed Private Equity ETF (PEX) to PowerShares Listed Private Equity (PSP)

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

$28.25

Average Daily Volume

3,198

Number of Holdings ^*

13

* may have additional holdings in another (foreign) market

PSP

PowerShares Listed Private Equity

PSP Description

The PowerShares Global Listed Private Equity Portfolio (Fund) is based on the Red Rocks Global Listed Private Equity Index (Index). The Fund will normally invest at least 90% of its total assets in securities, which may include American depository receipts and global depository receipts, that comprise the Index. The Index includes securities, ADRs and GDRs of 40 to 75 private equity companies, including business development companies (BDCs), master limited partnerships (MLPs) and other vehicles whose principal business is to invest in, lend capital to or provide services to privately held companies (collectively, listed private equity companies). The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$70.35

Average Daily Volume

16,881

Number of Holdings ^*

26

* may have additional holdings in another (foreign) market

Performance

Period	PEX	PSP
30 Days	-0.07%	2.66%
60 Days	0.26%	3.67%
90 Days	1.37%	8.18%
12 Months	19.80%	38.54%

12 Overlapping Holdings

	Symbol	Grade	Weight in PEX	Weight in PSP	Overlap
	ARCC	A	10.18%	3.12%	3.12%
	BBDC	A	1.44%	0.23%	0.23%
	CODI	B	2.39%	0.77%	0.77%
	CSWC	D	1.64%	0.21%	0.21%
	FSK	A	8.92%	0.97%	0.97%
	GBDC	D	4.53%	0.72%	0.72%
	GSBD	F	2.24%	0.21%	0.21%
	HTGC	D	4.21%	0.47%	0.47%
	MAIN	A	6.56%	0.49%	0.49%
	NMFC	D	1.71%	0.22%	0.22%
	SLRC	A	1.21%	0.24%	0.24%
	TSLX	C	3.0%	0.22%	0.22%

PEX Overweight 1 Positions Relative to PSP

	Symbol	Grade	Weight
	PSEC	D	2.51%

PEX Underweight 14 Positions Relative to PSP

	Symbol	Grade	Weight
	TPG	A	-5.77%
	BX	A	-5.75%
	KKR	A	-5.61%
	CG	B	-4.65%
	OWL	A	-3.85%
	HLNE	B	-3.01%
	STEP	C	-2.55%
	GHC	B	-1.45%
	BBUC	C	-1.19%
	IAC	F	-1.07%
	BXSL	A	-0.71%
	PX	A	-0.55%
	CNNE	B	-0.49%
	BCSF	C	-0.23%

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

PSP: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Conglomerates Education & Training Services Internet Content & Information Specialty Finance

Keywords: Private Equity Business Development Venture Capital Mezzanine Capital Chemical Consumer Products Healthcare Service Wilshire Associates Aerospace Business Development Company Credit Golub Capital Investment Solutions Leveraged Buyout Loan Refinancing Beverage Blackstone Broadcasting Cable TV