PEX Fees and Costs — ProShares Global Listed Private Equity ETF
Data updated: 2026-08-14
The net expense ratio is 2.95% (4.24% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1K in broker commissions, 0.0085% of average net assets, and portfolio turnover was 21%.
PEX Fees and Expenses
Annual operating expenses and sales charges of PEX. Prospectus, as of May 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 1.39% |
| Gross expense ratio | 4.24% |
| Fee waiver | −1.29% |
| Net expense ratio | 2.95% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PEX Costs Over Time
On $10,000 invested in PEX, assuming 5% a year before costs, total costs come to $1,779 over 5 years, cutting the return by 3.11% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 2.95%) | $310 | $947 | $1,609 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $48 | $166 |
| Total costs | $311 | $997 | $1,779 |
| Value after costs | $10,189 | $10,579 | $10,983 |
| Impact on return, per year | 3.11% | 3.11% | 3.11% |
PEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0085%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $11.5M
- Portfolio turnover (prospectus): 21%
- Securities on loan, average value: $853K
- Net income from securities lending: $34K (0.266% of average net assets)
PEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1K | 100.00% |
PEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $8.1M | 70.57% |
| Mizuho Securities USA LLC | $1.2M | 10.27% |
| Jane Street Capital, LLC | $850K | 7.43% |
| Citigroup Global Markets Inc. | $792K | 6.92% |
| Virtu Americas LLC | $400K | 3.50% |
| BNP Paribas Securities Corp. | $150K | 1.31% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.