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PSP PowerShares Global Listed Private Eq ETF

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Fund PSP PowerShares Global Listed Private Eq ETF PEX ProShares Global Listed Private Equity  
Similarity
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100% 89%
Annual Fees
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$234.66
(2.22% Exp. Ratio)
$76.11
(0.72% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 5.70% annual return
$26,928.92 $42,517.83
Est. savings over 30 yrs +$15,588.90
Return
As of 10/31/16
1 YR RETURN 0.15%
3 YR 2.08%
5 YR 10.47%
10 YR -2.89%
1 YR RETURN 4.43%
3 YR 3.31%
5 YR --
10 YR --
Description
The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Red Rocks Global Listed Private Equity Index. The fund generally will invest at least 90% of its total assets in securities (including American depositary receipts ("ADRs") and global depositary receipts ("GDRs")) that comprise the underlying index. The underlying index is composed of securities, ADRs and GDRs of 40 to 75 private equity companies, including business development companies ("BDCs"), master limited partnerships ("MLPs") and other vehicles.
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.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

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Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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