S&P 500 Dividend Aristocrats ETF - NOBL S&P 500 Dividend Aristocrats ETF

ProShares S&P 500® Dividend Aristocrats ETF seeks investment results, before fees and expenses, that track the performance of the S&P 500® Dividend Aristocrats® Index.

  • The only ETF that focuses exclusively on companies in the S&P 500 that have grown dividends for at least 25 consecutive years.††
  • NOBL's index, the S&P 500 Dividend Aristocrats, has outperformed the S&P 500 with lower volatility since its inception.
  • NOBL is part of the largest suite of ETFs focused on dividend growers, covering U.S. and international markets.

Index/Benchmark Summary

The S&P 500® Dividend Aristocrats® Index, constructed and maintained by S&P Dow Jones Indices LLC, targets companies that are currently members of the S&P 500®, have increased dividend payments each year for at least 25 years, and meet certain market capitalization and liquidity requirements. The index contains a minimum of 40 stocks, which are equally weighted, and no single sector is allowed to comprise more than 30% of the index weight. The index is rebalanced each January, April, July and October, with an annual reconstitution during the January rebalance.

Fundamentals as of 12/31/18

Total Number of Companies 53
Price/Earnings Ratio 17.62
Price/Book Ratio 3.65
Dividend Yield (%) 2.64
Average Index Market Capitalization $70.67 billion

Index Holdings Information as of 12/31/18

Top 10 Index Companies Weight
AbbVie Inc. 2.23%
Kimberly-Clark Corp. 2.08%
Abbott Laboratories 2.08%
Cincinnati Financial Corp. 2.08%
Air Products & Chemicals Inc. 2.06%
Aflac Inc. 2.05%
Stanley Black & Decker Inc. 2.03%
Illinois Tool Works Inc. 2.03%
PPG Industries Inc. 2.01%
Franklin Resources Inc. 2.01%

Index Holdings as of 12/31/18

Index Sector Weightings § Weight
Consumer Staples 24.34%
Industrials 20.83%
Health Care 11.65%
Materials 11.59%
Consumer Discretionary 10.76%
Financials 9.87%
Energy 3.58%
Utilities 1.88%
Real Estate 1.87%
Information Technology 1.83%
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§ Sum of weightings may not equal 100% due to rounding.

†† Required years would drop to 20 if needed in order to have at least 40 companies or to meet index sector diversification rules. Additional companies are added in order of decreasing yield until requirements are met. Special dividend payments are not taken into consideration. There is no guarantee that dividends will be paid. Companies may reduce or eliminate dividends at any time, and those that do will be dropped from the index at reconstitution each January.

Bloomberg. The total return of the index has been higher than the S&P 500 since the index's inception on May 2, 2005. Past performance is no guarantee of future results.