ALTS also features an 18% allocation to the ProShares Global listed Private Equity ETF (BATS: PEX) and a 16.3% weight to the ProShares DJ Brookfield Global Infrastructure ETF (NYSEArca: TOLZ), which debuted in March.
TOLZ “focuses on companies whose assets include airports, toll roads, ports, communications, electricity distribution, oil and gas storage and transport, and water in both developed and emerging markets. To be included in the index, companies must derive more than 70% of their cash flows from infrastructure assets. The index excludes companies that supply services such as construction and engineering to the infrastructure industry,” according to ProShares. [Global Reach With Infrastructure ETFs]
ALTS’ other two holdings are the ProShares Merger Arbitrage ETF (NYSEArca: MRGR) and the ProShares 30 Year TIPS/TSY Spread (NYSEArca: RINF).
For at least the first two years following the launch of the ProShares Morningstar Alternatives Solution, all investment advisory and management service fees will be waived, said the issuer in the statement. The ETF has a net expense of 0.95%, according to issuer data.
ETF Trends editorial team contributed to this post.