NOBL Profile
The ProShares S&P 500 Dividend Aristocrats ETF is designed to provide investors with exposure to high-quality, dividend-paying companies by tracking an index of U.S. stocks known for their consistent dividend growth. The fund commits at least 80% of its total assets to securities included in its benchmark index, which features companies that have demonstrated a reliable track record of increasing dividends over an extended period. The index includes a minimum of 40 stocks, selected for their ability to maintain and grow their dividend payments.
The index underlying the ETF is composed of companies that are part of the S&P 500 and have achieved "Dividend Aristocrat" status, meaning they have increased their dividend payouts for at least 25 consecutive years. The ETF follows a strict weighting methodology where each component stock is equally weighted, ensuring a diversified exposure across the selected companies. Additionally, the index is designed to avoid sector concentration by limiting any single sector to a maximum of 30% of the total index weight.
The fund's investment strategy aims to stay fully invested in securities and/or financial instruments that collectively mirror the returns of the index, regardless of prevailing market conditions or trends. This approach ensures that the ETF maintains its focus on companies with a strong history of dividend growth, providing investors with a reliable income stream while participating in the broader equity market performance.
The ProShares S&P 500 Dividend Aristocrats ETF offers a specialized investment opportunity for those seeking exposure to high-quality dividend-paying stocks within the S&P 500. By focusing on companies with a long history of dividend increases, the fund caters to income-oriented investors who value stability and consistent dividend returns. The ETF’s commitment to equal weighting and sector diversification helps mitigate risks associated with sector-specific downturns and promotes a balanced investment approach.
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