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 invests exclusively in S&P 500 companies with the longest track records of year-over-year dividend growth, the Aristocrats.
  • Since its inception, NOBL's index has outperformed the S&P 500 with lower volatility.
  • Each holding has increased dividends for at least 25 consecutive years and is equally weighted so performance is not overly dependent on just a few holdings.
  • Learn more about the S&P 500's strongest dividend growers.
  • Read our report: Consistency: What Rolling Returns Say about Dividend Aristocrats.
  • Watch "Not All Dividend Strategies Are Created Equal."

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. Visit S&P Dow Jones Indices to learn more about the index methodology.

Fundamentals as of 12/31/15

Total Number of Companies 51
Price/Earnings Ratio 21.76
Price/Cash Ratio 12.94
Price/Book Ratio 3.35
Dividend Yield (%) 2.61
Average Index Market Capitalization $62.76 billion

Index Holdings Information as of 3/31/16

Top 10 Index Companies Weight
Nucor Corp. 2.38%
Emerson Electric Co. 2.25%
Illinois Tool Works Inc. 2.22%
W.W. Grainger Inc. 2.22%
Genuine Parts Co. 2.22%
Pentair PLC 2.19%
Leggett & Platt Inc. 2.19%
McCormick & Co. 2.17%
Air Products & Chemicals Inc. 2.16%
Dover Corp. 2.15%

Index Sector Weightings § Weight
Consumer Staples 25.34%
Industrials 17.11%
Health Care 12.98%
Consumer Discretionary 12.31%
Financials 11.71%
Materials 10.60%
Energy 3.98%
Utilities 2.01%
Telecommunication Services 1.99%
Information Technology 1.97%

§ Sum of weightings may not equal 100% due to rounding.