This ETF, known as ProShares - Global Listed Private Equity ETF (PEX), seeks to mirror the performance of an index composed of up to 30 publicly traded private equity enterprises. ProShare Advisors carefully curates the fund's investments, aiming for the collective holdings to replicate the benchmark index's returns. A substantial portion, at least 80%, of the fund's overall assets will be dedicated to securities that are components of this index. The fund's portfolio will also concentrate its investments in specific sectors, countries, or geographical regions to a degree that approximately matches the concentration found within its underlying index. It is classified as a non-diversified fund.