SPXV

S&P 500 Ex-Health Care ETF
star-1 star-2 star-3 star-4 star-5
Morningstar Rating
Overall Morningstar Rating out of 1209 Large Blend funds based on risk-adjusted returns as of 9/30/26.

SPXV is a convenient way for investors to tailor their exposure to the S&P 500 by excluding the Health Care sector.

How to Buy
Why SPXV?
Tailored Core

SPXV delivers access to the large-cap S&P 500, excluding companies in the health care sector.

Express a Sector View

SPXV allows investors to conveniently exclude health care if they believe the sector may underperform.

Diversify & Manage Risk*

For investors with concentrated exposure to health care, whether through their career or portfolio, SPXV can be a convenient diversification tool.

Performance

Growth of $10,000

Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.

Total Return

Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
SPXV NAV -0.29% 1.88% 17.99% 12.93% 14.90% 24.31% 14.48% 15.72% 15.65% 09/22/2015
SPXV Market Price -0.18% 2.01% 18.28% 12.90% 15.07% 24.38% 14.48% 15.74% 15.67% 09/22/2015
S&P 500 Ex-Health Care Index -0.29% 1.90% 18.07% 13.02% 15.03% 24.43% 14.59% 15.95% 15.89% --

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

About the Fund

Snapshot
  • Ticker
    SPXV
  • Intraday Ticker
    SPXV.IV
  • CUSIP
    74347B565
  • Inception Date
    9/22/15
  • Net Assets
    $40,095,174
  • Net Expense Ratio
    0.09%
  • Gross Expense Ratio
    0.13%
  • NAV Calculation Time
    4:00 p.m. ET
  • Options Available
    Yes
Characteristics
as of 9/30/2026
  • Number of Holdings
    445
  • Price/Earnings Ratio
    25.497
  • Price/Book Ratio
    5.815

    Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.

  • Avg. Market Cap
    $153.40 billion

    Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.

Price
as of 10/30/2026
  • NAV
    $81.83
  • NAV Change
    $-1.72 down caret
  • Market Price
    $81.75
  • Market Price Change
    $-1.78 down caret
  • Trading Volume (M)
    867
  • 30-Day Median Bid Ask Spread
    0.26%
  • View Premium / Discount
Distributions
as of 9/30/2026
  • Distribution Frequency
    Quarterly
  • SEC 30-Day Yield
    0.92%

    SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.

  • 12-Month Yield
    0.91%

    12-Month Yield represents the sum of the funds dividends for the last 12 months divided by the sum of the last month's NAV and any capital gain distributions made over the past 12 months.

  • Distribution Details
Snapshot
  • Ticker
    SPXV
  • Intraday Ticker
    SPXV.IV
  • CUSIP
    74347B565
  • Inception Date
    9/22/15
  • Net Assets
    $40,095,174
  • Net Expense Ratio
    0.09%
  • Gross Expense Ratio
    0.13%
  • NAV Calculation Time
    4:00 p.m. ET
  • Options Available
    Yes
Characteristics
as of 9/30/2026
  • Number of Holdings
    445
  • Price/Earnings Ratio
    25.497
  • Price/Book Ratio
    5.815

    Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.

  • Avg. Market Cap
    $153.40 billion

    Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.

Price
as of 10/30/2026
  • NAV
    $81.83
  • NAV Change
    $-1.72 down caret
  • Market Price
    $81.75
  • Market Price Change
    $-1.78 down caret
  • Trading Volume (M)
    867
  • 30-Day Median Bid Ask Spread
    0.26%
  • View Premium / Discount
Distributions
as of 9/30/2026
  • Distribution Frequency
    Quarterly
  • SEC 30-Day Yield
    0.92%

    SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.

  • 12-Month Yield
    0.91%

    12-Month Yield represents the sum of the funds dividends for the last 12 months divided by the sum of the last month's NAV and any capital gain distributions made over the past 12 months.

  • Distribution Details

Expenses with Contractual Waiver through September 30, 2027. Without the fee waiver performance would likely be lower.

Exposures

Index as of 9/30/2026 and Fund as of 9/30/2026

Holdings

as of 10/30/2026

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
8.57% AAPL APPLE INC -- $3,434,237.95 9,965 2046251
8.43% NVDA NVIDIA CORP -- $3,381,471.36 16,524 2379504
6.60% MSFT MICROSOFT CORP -- $2,646,605.61 5,071 2588173
4.02% AMZN AMAZON.COM INC -- $1,610,825.70 6,702 2000019
2.80% GOOGL ALPHABET INC-CL A -- $1,121,318.88 4,007 BYVY8G0
2.64% AVGO BROADCOM INC -- $1,059,107.84 3,248 BDZ78H9
2.31% META META PLATFORMS INC-CLASS A -- $926,174.94 1,506 B7TL820
2.25% GOOG ALPHABET INC-CL C -- $902,823.90 3,245 BYY88Y7
1.92% TSLA TESLA INC -- $769,234.44 1,924 B616C79
1.72% BRK/B BERKSHIRE HATHAWAY INC-CL B -- $689,504.79 1,271 2073390
1.70% MU MICRON TECHNOLOGY INC -- $682,134.54 771 2588184
1.53% JPM JPMORGAN CHASE & CO -- $611,727.60 1,815 2190385
1.40% AMD ADVANCED MICRO DEVICES -- $562,852.00 1,115 2007849
1.31% XOM EXXONMOBIL HOLDINGS CORP -- $525,798.00 2,808 BVSRPD7
1.20% V VISA INC-CLASS A SHARES -- $481,005.17 1,163 B2PZN04
0.94% WMT WALMART INC -- $375,840.93 3,043 2936921
0.88% MA MASTERCARD INC - A -- $352,181.52 552 B121557
0.79% CVX CHEVRON CORP -- $317,716.48 1,349 2838555
0.76% COST COSTCO WHOLESALE CORP -- $306,720.84 303 2701271
0.72% PLTR PALANTIR TECHNOLOGIES INC-A -- $289,420.92 1,572 BN78DQ4
0.70% CSCO CISCO SYSTEMS INC -- $281,340.92 2,692 2198163
0.64% PG PROCTER & GAMBLE CO/THE -- $256,411.59 1,587 2704407
0.62% KO COCA-COLA CO/THE -- $248,747.52 2,644 2206657
0.56% HD HOME DEPOT INC -- $224,185.20 681 2434209
0.56% INTC INTEL CORP -- $223,123.68 3,393 2463247
0.55% PM PHILIP MORRIS INTERNATIONAL -- $222,361.35 1,065 B2PKRQ3
0.55% BAC BANK OF AMERICA CORP -- $222,044.40 4,440 2295677
0.53% GE GENERAL ELECTRIC -- $213,674.40 708 BL59CR9
0.53% AMAT APPLIED MATERIALS INC -- $211,428.78 542 2046552
0.51% LRCX LAM RESEARCH CORP -- $204,199.94 854 BSML4N7
0.51% PANW PALO ALTO NETWORKS INC -- $203,789.59 557 B87ZMX0
0.49% CAT CATERPILLAR INC -- $195,543.50 314 2180201
0.47% TXN TEXAS INSTRUMENTS INC -- $187,724.16 624 2885409
0.46% RTX RTX CORP -- $184,015.80 921 BM5M5Y3
0.44% GS GOLDMAN SACHS GROUP INC -- $178,015.45 199 2407966
0.44% NFLX NETFLIX INC -- $176,555.52 2,844 2857817
0.43% CRWD CROWDSTRIKE HOLDINGS INC - A -- $174,048.85 695 BJJP138
0.43% WFC WELLS FARGO & CO -- $172,221.00 2,065 2649100
0.41% IBM INTL BUSINESS MACHINES CORP -- $166,029.64 644 2005973
0.40% LIN LINDE PLC -- $161,985.60 315 BNZHB81
0.39% GEV GE VERNOVA INC -- $156,132.34 182 BP6H4Y1
0.38% ORCL ORACLE CORP -- $154,190.60 1,180 2661568
0.37% MS MORGAN STANLEY -- $150,020.20 814 2262314
0.35% KLAC KLA CORP -- $141,013.63 893 2480138
0.35% C CITIGROUP INC -- $139,655.65 1,145 2297907
0.35% ADI ANALOG DEVICES INC -- $138,897.63 333 2032067
0.33% APH AMPHENOL CORP-CL A -- $133,541.20 1,684 2145084
0.33% DIS WALT DISNEY CO/THE -- $130,798.26 1,179 2270726
0.32% CRM SALESFORCE INC -- $128,335.20 560 2310525
0.32% PEP PEPSICO INC -- $128,000.88 932 2681511
0.32% VZ VERIZON COMMUNICATIONS INC -- $126,899.01 2,837 2090571
0.32% COP CONOCOPHILLIPS -- $126,458.63 821 2685717
0.31% MCD MCDONALD'S CORP -- $124,671.96 483 2550707
0.31% UNP UNION PACIFIC CORP -- $123,424.00 406 2914734
0.30% ANET ARISTA NETWORKS INC -- $120,566.04 714 BL9XPM3
0.30% QCOM QUALCOMM INC -- $120,131.91 729 2714923
0.30% NEE NEXTERA ENERGY INC -- $119,203.04 1,424 2328915
0.29% MRVL MARVELL TECHNOLOGY INC -- $117,447.20 598 BNKJSM5
0.29% DE DEERE & CO -- $116,182.56 172 2261203
0.29% WELL WELLTOWER INC -- $115,423.20 492 BYVYHH4
0.29% SNDK SANDISK CORP -- $115,089.00 100 BSNPZV3
0.29% AXP AMERICAN EXPRESS CO -- $114,879.60 360 2026082
0.28% BLK BLACKROCK INC -- $112,458.92 98 BMZBBT7
0.27% ACN ACCENTURE PLC-CL A -- $107,944.32 418 B4BNMY3
0.26% TJX TJX COMPANIES INC -- $105,793.74 754 2989301
0.25% T AT&T INC -- $100,177.39 4,679 2831811
0.25% STX SEAGATE TECHNOLOGY HOLDINGS -- $99,909.90 155 BKVD2N4
0.24% SCHW SCHWAB (CHARLES) CORP -- $97,735.50 1,110 2779397
0.24% ETN EATON CORP PLC -- $97,672.08 264 B8KQN82
0.24% SPGI S&P GLOBAL INC -- $96,109.30 206 BYV2325
0.23% BA BOEING CO/THE -- $92,637.00 540 2108601
0.23% PGR PROGRESSIVE CORP -- $91,818.16 397 2705024
0.23% UBER UBER TECHNOLOGIES INC -- $90,958.50 1,394 BK6N347
0.22% WDC WESTERN DIGITAL CORP -- $89,696.95 245 2954699
0.22% MO ALTRIA GROUP INC -- $89,032.23 1,141 2692632
0.22% LMT LOCKHEED MARTIN CORP -- $88,536.05 139 2522096
0.22% DELL DELL TECHNOLOGIES -C -- $87,830.10 207 BHKD3S6
0.22% CB CHUBB LTD -- $87,024.68 239 B3BQMF6
0.21% COF CAPITAL ONE FINANCIAL CORP -- $85,832.15 419 2654461
0.21% MPC MARATHON PETROLEUM CORP -- $85,388.16 192 B3K3L40
0.21% PLD PROLOGIS INC -- $82,931.04 648 B44WZD7
0.20% SBUX STARBUCKS CORP -- $80,758.93 779 2842255
0.20% LOW LOWE'S COS INC -- $80,073.81 383 2536763
0.20% ADP AUTOMATIC DATA PROCESSING -- $79,336.80 270 2065308
0.20% VLO VALERO ENERGY CORP -- $78,733.02 197 2041364
0.19% PH PARKER HANNIFIN CORP -- $77,384.52 86 2671501
0.19% PSX PHILLIPS 66 -- $76,929.76 272 B78C4Y8
0.19% NEM NEWMONT CORP -- $76,652.59 719 2636607
0.19% BKNG BOOKING HOLDINGS INC -- $75,990.69 513 BDRXDB4
0.19% CME CME GROUP INC -- $74,269.30 245 2965839
0.18% NOW SERVICENOW INC -- $74,109.60 705 B80NXX8
0.18% SO SOUTHERN CO/THE -- $73,656.06 786 2829601
0.17% BNY BANK OF NEW YORK MELLON CORP -- $68,259.04 464 B1Z77F6
0.17% EQIX EQUINIX INC -- $67,917.90 67 BVLZX12
0.17% DUK DUKE ENERGY CORP -- $67,898.87 533 B7VD3F2
0.17% ADBE ADOBE INC -- $67,812.33 271 2008154
0.17% GLW CORNING INC -- $66,710.71 541 2224701
0.16% CSX CSX CORP -- $65,767.35 1,265 2160753
0.16% MRSH MARSH & MCLENNAN COS -- $65,402.12 326 2567741
0.16% ICE INTERCONTINENTAL EXCHANGE IN -- $64,838.40 384 BFSSDS9
0.16% GD GENERAL DYNAMICS CORP -- $64,458.07 173 2365161
0.16% PWR QUANTA SERVICES INC -- $63,935.19 103 2150204
0.16% INTU INTUIT INC -- $63,783.83 187 2459020
0.16% USB US BANCORP -- $63,254.80 1,064 2736035
0.16% EMR EMERSON ELECTRIC CO -- $62,842.14 381 2313405
0.16% WMB WILLIAMS COS INC -- $62,156.60 836 2967181
0.15% PNC PNC FINANCIAL SERVICES GROUP -- $61,977.92 272 2692665
0.15% JCI JOHNSON CONTROLS INTERNATION -- $61,698.42 414 BY7QL61
0.15% CDNS CADENCE DESIGN SYS INC -- $61,643.32 188 2302232
0.15% TT TRANE TECHNOLOGIES PLC -- $61,500.00 150 BK9ZQ96
0.15% MMM 3M CO -- $61,367.68 352 2595708
0.15% SNPS SYNOPSYS INC -- $61,256.91 131 2867719
0.15% FCX FREEPORT-MCMORAN INC -- $61,220.60 980 2352118
0.15% VRT VERTIV HOLDINGS CO-A -- $60,915.00 262 BL3LWS8
0.15% BX BLACKSTONE INC -- $60,221.07 513 BKF2SL7
0.15% AMT AMERICAN TOWER CORP -- $59,714.04 318 B7FBFL2
0.15% EOG EOG RESOURCES INC -- $59,263.32 358 2318024
0.15% WM WASTE MANAGEMENT INC -- $59,062.85 253 2937667
0.15% CEG CONSTELLATION ENERGY -- $59,035.50 225 BMH4FS1
0.15% MAR MARRIOTT INTERNATIONAL -CL A -- $58,297.80 146 2210614
0.14% FTNT FORTINET INC -- $57,289.68 421 B5B2106
0.14% MDLZ MONDELEZ INTERNATIONAL INC-A -- $56,562.74 871 B8CKK03
0.14% TRV TRAVELERS COS INC/THE -- $56,263.24 142 2769503
0.14% CMCSA COMCAST CORP-CLASS A -- $56,122.74 2,417 2044545
0.14% MSI MOTOROLA SOLUTIONS INC -- $55,542.89 113 B5BKPQ4
0.14% UPS UNITED PARCEL SERVICE-CL B -- $55,424.00 512 2517382
0.14% HLT HILTON WORLDWIDE HOLDINGS IN -- $54,965.68 154 BYVMW06
0.14% SLB SLB LTD -- $54,492.36 1,014 2779201
0.13% HWM HOWMET AEROSPACE INC -- $53,988.62 271 BKLJ8V2
0.13% DDOG DATADOG INC - CLASS A -- $53,876.83 229 BKT9Y49
0.13% NSC NORFOLK SOUTHERN CORP -- $52,423.92 153 2641894
0.13% GM GENERAL MOTORS CO -- $52,352.60 599 B665KZ5
0.13% RCL ROYAL CARIBBEAN CRUISES LTD -- $52,220.60 170 2754907
0.13% ECL ECOLAB INC -- $52,112.56 172 2304227
0.13% SHW SHERWIN-WILLIAMS CO/THE -- $51,887.16 156 2804211
0.13% CL COLGATE-PALMOLIVE CO -- $51,837.76 544 2209106
0.13% TMUS T-MOBILE US INC -- $51,625.20 330 B94Q9V0
0.13% CTAS CINTAS CORP -- $51,437.88 234 2197137
0.13% LITE LUMENTUM HOLDINGS INC -- $51,282.70 61 BYM9ZP2
0.13% NOC NORTHROP GRUMMAN CORP -- $50,736.14 91 2648806
0.13% MCO MOODY'S CORP -- $50,378.82 102 2252058
0.13% URI UNITED RENTALS INC -- $50,312.15 43 2134781
0.12% ROST ROSS STORES INC -- $49,993.32 219 2746711
0.12% HPE HEWLETT PACKARD ENTERPRISE -- $49,801.36 904 BYVYWS0
0.12% ITW ILLINOIS TOOL WORKS -- $49,303.35 177 2457552
0.12% ORLY O'REILLY AUTOMOTIVE INC -- $48,642.24 552 B65LWX6
0.12% AEP AMERICAN ELECTRIC POWER -- $48,438.12 372 2026242
0.12% AJG ARTHUR J GALLAGHER & CO -- $48,312.25 175 2359506
0.12% SPG SIMON PROPERTY GROUP INC -- $48,122.75 221 2812452
0.12% APD AIR PRODUCTS & CHEMICALS INC -- $48,097.36 152 2011602
0.12% TGT TARGET CORP -- $47,857.80 310 2259101
0.12% HON HONEYWELL INTERNATIONAL INC -- $47,377.61 217 BN7RHC5
0.12% ABNB AIRBNB INC-CLASS A -- $47,179.93 287 BMGYYH4
0.12% CMI CUMMINS INC -- $47,008.46 94 2240202
0.12% FDX FEDEX CORP -- $46,992.00 150 2142784
0.12% AON AON PLC-CLASS A -- $46,523.25 145 BLP1HW5
0.12% MNST MONSTER BEVERAGE CORP -- $46,251.18 977 BZ07BW4
0.11% TRGP TARGA RESOURCES CORP -- $45,988.54 146 B55PZY3
0.11% HOOD ROBINHOOD MARKETS INC - A -- $45,894.60 540 BP0TQN6
0.11% DASH DOORDASH INC - A -- $45,821.44 256 BN13P03
0.11% KMB KIMBERLY-CLARK CORP -- $45,198.19 419 2491839
0.11% ALL ALLSTATE CORP -- $44,957.51 173 2019952
0.11% KMI KINDER MORGAN INC -- $44,920.01 1,338 B3NQ4P8
0.11% NXPI NXP SEMICONDUCTORS NV -- $44,652.92 172 B505PN7
0.11% KKR KKR & CO INC -- $44,552.08 472 BG1FRR1
0.11% TDG TRANSDIGM GROUP INC -- $43,578.78 38 B11FJK3
0.11% DLR DIGITAL REALTY TRUST INC -- $43,187.30 239 B03GQS4
0.11% NUE NUCOR CORP -- $42,449.85 155 2651086
0.11% APP APPLOVIN CORP-CLASS A -- $42,272.50 185 BMV3LG4
0.11% TEL TE CONNECTIVITY PLC -- $42,179.94 198 BRC3N84
0.10% OKE ONEOK INC -- $41,376.00 431 BWJJFW8
0.10% CRH CRH PLC -- $41,227.74 454 B01ZKD6
0.10% MPWR MONOLITHIC POWER SYSTEMS INC -- $41,195.42 34 B01Z7J1
0.10% BE BLOOM ENERGY CORP- A -- $40,837.17 201 BDD1BB8
0.10% GWW WW GRAINGER INC -- $40,775.10 30 2380863
0.10% TFC TRUIST FINANCIAL CORP -- $40,690.86 834 BKP7287
0.10% FAST FASTENAL CO -- $40,645.53 783 2332262
0.10% D DOMINION ENERGY INC -- $40,038.62 601 2542049
0.10% DVN DEVON ENERGY CORP -- $39,112.50 750 2480677
0.10% SRE SEMPRA -- $38,468.82 447 2138158
0.09% AME AMETEK INC -- $37,855.84 157 2089212
0.09% AFL AFLAC INC -- $37,786.45 305 2026361
0.09% BKR BAKER HUGHES CO -- $37,445.94 678 BDHLTQ5
0.09% APO APOLLO GLOBAL MANAGEMENT INC -- $37,416.32 323 BN44JF6
0.09% PSA PUBLIC STORAGE -- $37,348.55 115 2852533
0.09% O REALTY INCOME CORP -- $36,776.78 646 2724193
0.09% PCAR PACCAR INC -- $36,687.60 360 2665861
0.09% MET METLIFE INC -- $36,507.30 365 2573209
0.09% ADSK AUTODESK INC -- $35,943.84 144 2065159
0.09% KEYS KEYSIGHT TECHNOLOGIES IN -- $35,942.40 117 BQZJ0Q9
0.09% LHX L3HARRIS TECHNOLOGIES INC -- $35,256.47 127 BK9DTN5
0.09% ETR ENTERGY CORP -- $35,125.09 319 2317087
0.09% AZO AUTOZONE INC -- $34,868.02 11 2065955
0.08% XEL XCEL ENERGY INC -- $34,003.32 426 2614807
0.08% CVNA CARVANA CO -- $33,598.68 492 BYQHPG3
0.08% HONA HONEYWELL AEROSPACE INC -- $33,450.55 217 BN7RHB4
0.08% FITB FIFTH THIRD BANCORP -- $33,399.40 620 2336747
0.08% KDP KEURIG DR PEPPER INC -- $33,331.20 930 BD3W133
0.08% EBAY EBAY INC -- $33,329.36 274 2293819
0.08% PYPL PAYPAL HOLDINGS INC -- $33,293.84 584 BYW36M8
0.08% ROK ROCKWELL AUTOMATION INC -- $33,151.20 76 2754060
0.08% VYLR VYLOR INC -- $32,942.00 455 C0C06F3
0.08% F FORD MOTOR CO -- $32,768.75 2,675 2615468
0.08% RSG REPUBLIC SERVICES INC -- $32,701.36 134 2262530
0.08% DAL DELTA AIR LINES INC -- $32,621.05 407 B1W9D46
0.08% EXC EXELON CORP -- $32,496.64 704 2670519
0.08% WAB WABTEC CORP -- $32,154.00 115 2955733
0.08% NDAQ NASDAQ INC -- $32,081.46 302 2965107
0.08% OXY OCCIDENTAL PETROLEUM CORP -- $31,936.00 499 2655408
0.08% STT STATE STREET CORP -- $31,916.76 188 2842040
0.08% ROP ROPER TECHNOLOGIES INC -- $31,728.80 68 2749602
0.08% NKE NIKE INC -CL B -- $31,709.40 820 2640147
0.08% FERG FERGUSON ENTERPRISES INC -- $31,505.76 132 BS6VHW3
0.08% MSCI MSCI INC -- $31,169.00 50 B2972D2
0.08% CIEN CIENA CORP -- $31,109.84 97 B1FLZ21
0.08% GRMN GARMIN LTD -- $30,811.71 113 B3Z5T14
0.08% VMRK VIVMARK RESIDENTIAL -- $30,764.30 497 2319157
0.08% CARR CARRIER GLOBAL CORP -- $30,193.69 563 BK4N0D7
0.07% VST VISTRA CORP -- $29,749.55 215 BZ8VJQ8
0.07% FANG DIAMONDBACK ENERGY INC -- $29,691.20 140 B7Y8YR3
0.07% VTR VENTAS INC -- $29,680.00 350 2927925
0.07% FIX COMFORT SYSTEMS USA INC -- $29,583.84 24 2036047
0.07% ED CONSOLIDATED EDISON INC -- $29,509.92 253 2216850
0.07% AMP AMERIPRISE FINANCIAL INC -- $29,449.80 60 B0J7D57
0.07% TER TERADYNE INC -- $29,357.59 107 2884183
0.07% AIG AMERICAN INTERNATIONAL GROUP -- $29,238.30 357 2027342
0.07% YUM YUM! BRANDS INC -- $28,904.40 186 2098876
0.07% P EVERPURE INC-A -- $28,697.48 226 BYZ62T3
0.07% MCHP MICROCHIP TECHNOLOGY INC -- $28,693.14 371 2592174
0.07% COHR COHERENT CORP -- $28,182.88 134 BNG8Z81
0.07% XYZ BLOCK INC -- $28,125.18 369 BYNZGK1
0.07% CMG CHIPOTLE MEXICAN GRILL INC -- $27,521.07 863 B0X7DZ3
0.07% PRU PRUDENTIAL FINANCIAL INC -- $27,482.20 236 2819118
0.07% SYY SYSCO CORP -- $27,108.30 327 2868165
0.07% WDAY WORKDAY INC-CLASS A -- $27,101.34 137 B8K6ZD1
0.07% NTAP NETAPP INC -- $26,690.12 134 2630643
0.06% KR KROGER CO -- $25,969.64 389 2497406
0.06% WEC WEC ENERGY GROUP INC -- $25,883.61 223 BYY8XK8
0.06% CCI CROWN CASTLE INC -- $25,808.79 291 BTGQCX1
0.06% DHI DR HORTON INC -- $25,404.00 174 2250687
0.06% PEG PUBLIC SERVICE ENTERPRISE GP -- $25,332.89 341 2707677
0.06% ADM ARCHER-DANIELS-MIDLAND CO -- $25,303.39 329 2047317
0.06% CCL CARNIVAL CORP LTD -- $25,053.27 869 BVV7RC7
0.06% VMC VULCAN MATERIALS CO -- $25,031.25 89 2931205
0.06% CBRE CBRE GROUP INC - A -- $24,996.90 194 B6WVMH3
0.06% ACGL ARCH CAPITAL GROUP LTD -- $24,675.52 232 2740542
0.06% PAYX PAYCHEX INC -- $24,554.28 219 2674458
0.06% HIG HARTFORD INSURANCE GROUP INC -- $24,529.15 185 2476193
0.06% IBKR INTERACTIVE BROKERS GRO-CL A -- $23,839.00 310 B1WT4X2
0.06% CBOE CBOE GLOBAL MARKETS INC -- $23,822.63 71 B5834C5
0.06% IRM IRON MOUNTAIN INC -- $23,659.65 203 BVFTF03
0.06% EQT EQT CORP -- $23,647.26 427 2319414
0.06% AXON AXON ENTERPRISE INC -- $23,527.35 55 BDT5S35
0.06% UAL UNITED AIRLINES HOLDINGS INC -- $23,141.28 222 B4QG225
0.06% STLD STEEL DYNAMICS INC -- $23,073.60 92 2849472
0.06% TTWO TAKE-TWO INTERACTIVE SOFTWRE -- $22,820.40 120 2122117
0.06% EXPE EXPEDIA GROUP INC -- $22,302.54 78 B748CK2
0.06% MLM MARTIN MARIETTA MATERIALS -- $22,156.81 41 2572079
0.05% ODFL OLD DOMINION FREIGHT LINE -- $21,915.12 127 2656423
0.05% MTB M & T BANK CORP -- $21,851.28 99 2340168
0.05% COIN COINBASE GLOBAL INC -CLASS A -- $21,818.08 152 BMC9P69
0.05% FLEX FLEX LTD -- $21,792.96 252 2353058
0.05% EXR EXTRA SPACE STORAGE INC -- $21,790.08 144 B02HWR9
0.05% HBAN HUNTINGTON BANCSHARES INC -- $21,776.40 1,380 2445966
0.05% TWLO TWILIO INC - A -- $21,528.15 105 BD6P5Q0
0.05% NTRS NORTHERN TRUST CORP -- $21,145.00 125 2648668
0.05% TDY TELEDYNE TECHNOLOGIES INC -- $21,063.36 32 2503477
0.05% AEE AMEREN CORPORATION -- $20,892.06 189 2050832
0.05% HAL HALLIBURTON CO -- $20,580.73 569 2405302
0.05% WTW WILLIS TOWERS WATSON PLC -- $20,438.46 63 BDB6Q21
0.05% EME EMCOR GROUP INC -- $20,386.50 30 2474164
0.05% WSM WILLIAMS-SONOMA INC -- $20,217.60 80 2967589
0.05% CTSH COGNIZANT TECH SOLUTIONS-A -- $20,053.88 308 2257019
0.05% DG DOLLAR GENERAL CORP -- $19,977.30 151 B5B1S13
0.05% PCG P G & E CORP -- $19,835.90 1,505 2689560
0.05% ATO ATMOS ENERGY CORP -- $19,827.15 115 2315359
0.05% ARES ARES MANAGEMENT CORP - A -- $19,735.10 154 BF14BT1
0.05% OTIS OTIS WORLDWIDE CORP -- $19,695.00 260 BK531S8
0.05% JBL JABIL INC -- $19,635.84 72 2471789
0.05% AWK AMERICAN WATER WORKS CO INC -- $19,634.32 136 B2R3PV1
0.05% DTE DTE ENERGY COMPANY -- $19,239.58 142 2280220
0.05% LYV LIVE NATION ENTERTAINMENT IN -- $19,212.12 108 B0T7YX2
0.05% DOV DOVER CORP -- $19,112.08 92 2278407
0.05% CNP CENTERPOINT ENERGY INC -- $19,098.00 450 2440637
0.05% ON ON SEMICONDUCTOR -- $19,064.22 266 2583576
0.05% CINF CINCINNATI FINANCIAL CORP -- $19,024.95 105 2196888
0.05% IR INGERSOLL-RAND INC -- $18,891.80 236 BL5GZ82
0.05% ULTA ULTA BEAUTY INC -- $18,572.47 29 B28TS42
0.05% VLTO VERALTO CORP -- $18,553.70 167 BPGMZQ5
0.05% RJF RAYMOND JAMES FINANCIAL INC -- $18,551.96 118 2718992
0.05% EL ESTEE LAUDER COMPANIES-CL A -- $18,459.87 169 2320524
0.05% CFG CITIZENS FINANCIAL GROUP -- $18,377.28 288 BQRX1X3
0.05% VICI VICI PROPERTIES INC -- $18,369.46 751 BYWH073
0.05% PPL PPL CORP -- $18,324.10 514 2680905
0.05% PPG PPG INDUSTRIES INC -- $18,167.04 152 2698470
0.05% FISV FISERV INC -- $18,157.26 363 2342034
0.04% CPAY CORPAY INC -- $18,042.30 45 BMX5GK7
0.04% HPQ HP INC -- $17,987.50 625 BYX4D52
0.04% EXPD EXPEDITORS INTL WASH INC -- $17,697.65 89 2325507
0.04% ES EVERSOURCE ENERGY -- $17,617.35 257 BVVN4Q8
0.04% VRSK VERISK ANALYTICS INC -- $17,470.70 89 B4P9W92
0.04% DLTR DOLLAR TREE INC -- $17,403.10 130 2272476
0.04% CHD CHURCH & DWIGHT CO INC -- $17,371.26 162 2195841
0.04% CPRT COPART INC -- $17,354.88 576 2208073
0.04% VRSN VERISIGN INC -- $17,203.76 56 2142922
0.04% DRI DARDEN RESTAURANTS INC -- $17,173.26 78 2289874
0.04% DOW DOW INC -- $17,107.10 493 BHXCF84
0.04% CASY CASEY'S GENERAL STORES INC -- $17,004.75 25 2179414
0.04% SYF SYNCHRONY FINANCIAL -- $16,727.70 222 BP96PS6
0.04% FE FIRSTENERGY CORP -- $16,699.96 356 2100920
0.04% Q QNITY ELECTRONICS INC -- $16,683.81 143 BW1P234
0.04% RF REGIONS FINANCIAL CORP -- $16,627.74 582 B01R311
0.04% HSY HERSHEY CO/THE -- $16,561.00 100 2422806
0.04% IFF INTL FLAVORS & FRAGRANCES -- $16,185.48 174 2464165
0.04% PHM PULTEGROUP INC -- $15,966.72 128 2708841
0.04% TPR TAPESTRY INC -- $15,699.15 135 BF09HX3
0.04% SW SMURFIT WESTROCK PLC -- $15,426.22 358 BRK49M5
0.04% PKG PACKAGING CORP OF AMERICA -- $15,409.20 60 2504566
0.04% EIX EDISON INTERNATIONAL -- $15,402.98 262 2829515
0.04% HUBB HUBBELL INC -- $15,207.84 36 BDFG6S3
0.04% OMC OMNICOM GROUP -- $15,195.62 187 2279303
0.04% TROW T ROWE PRICE GROUP INC -- $15,169.40 146 2702337
0.04% CMS CMS ENERGY CORP -- $15,001.40 214 2219224
0.04% AMCR AMCOR PLC -- $14,975.24 316 BV7DQ55
0.04% PFG PRINCIPAL FINANCIAL GROUP -- $14,846.79 133 2803014
0.04% XYL XYLEM INC -- $14,784.00 160 B3P2CN8
0.04% EFX EQUIFAX INC -- $14,768.00 80 2319146
0.04% GPN GLOBAL PAYMENTS INC -- $14,719.68 152 2712013
0.04% NI NISOURCE INC -- $14,618.96 328 2645409
0.04% PTC PTC INC -- $14,469.96 74 B95N910
0.04% KHC KRAFT HEINZ CO/THE -- $14,360.60 590 BYRY499
0.04% EXE EXPAND ENERGY CORP -- $14,306.90 158 BMZ5LZ5
0.04% LUV SOUTHWEST AIRLINES CO -- $14,171.62 334 2831543
0.03% BR BROADRIDGE FINANCIAL SOLUTIO -- $13,947.96 78 B1VP7R6
0.03% STZ CONSTELLATION BRANDS INC-A -- $13,938.99 103 2170473
0.03% SWKS SKYWORKS SOLUTIONS INC -- $13,837.64 158 2961053
0.03% NRG NRG ENERGY INC -- $13,764.24 144 2212922
0.03% BRO BROWN & BROWN INC -- $13,742.72 197 2692687
0.03% EVRG EVERGY INC -- $13,576.94 158 BFMXGR0
0.03% FIS FIDELITY NATIONAL INFO SERV -- $13,569.60 352 2769796
0.03% SBAC SBA COMMUNICATIONS CORP -- $13,474.80 72 BZ6TS23
0.03% FTV FORTIVE CORP -- $13,437.38 206 BYT3MK1
0.03% TPL TEXAS PACIFIC LAND CORP -- $13,267.20 40 BM99VY2
0.03% FFIV F5 INC -- $13,195.26 39 2427599
0.03% IP INTERNATIONAL PAPER CO -- $13,165.94 362 2465254
0.03% KEY KEYCORP -- $13,073.28 619 2490911
0.03% CDW CDW CORP/DE -- $13,072.15 85 BBM5MD6
0.03% BBY BEST BUY CO INC -- $12,912.75 135 2094670
0.03% DD DUPONT DE NEMOURS INC -- $12,884.60 92 BW60F13
0.03% FSLR FIRST SOLAR INC -- $12,731.20 73 B1HMF22
0.03% CF CF INDUSTRIES HOLDINGS INC -- $12,699.90 103 B0G4K50
0.03% LNT ALLIANT ENERGY CORP -- $12,682.05 177 2973821
0.03% SMCI SUPER MICRO COMPUTER INC -- $12,652.80 384 BRC3N73
0.03% L LOEWS CORP -- $12,579.16 113 2523022
0.03% APA APA CORP -- $12,571.16 238 BNNF1C1
0.03% GIS GENERAL MILLS INC -- $12,515.85 365 2367026
0.03% SNA SNAP-ON INC -- $12,448.10 35 2818740
0.03% J JACOBS SOLUTIONS INC -- $12,369.60 80 BNGC0D3
0.03% LDOS LEIDOS HOLDINGS INC -- $12,296.28 86 BDV82B8
0.03% LYB LYONDELLBASELL INDU-CL A -- $12,149.28 177 B3SPXZ3
0.03% TSCO TRACTOR SUPPLY COMPANY -- $12,082.64 356 2900335
0.03% BALL BALL CORP -- $12,031.07 181 2073022
0.03% NVR NVR INC -- $11,917.12 02 2637785
0.03% HST HOST HOTELS & RESORTS INC -- $11,840.40 468 2567503
0.03% IEX IDEX CORP -- $11,692.00 50 2456612
0.03% ESS ESSEX PROPERTY TRUST INC -- $11,623.92 44 2316619
0.03% NDSN NORDSON CORP -- $11,616.12 36 2641838
0.03% ZBRA ZEBRA TECHNOLOGIES CORP-CL A -- $11,560.32 32 2989356
0.03% LEN LENNAR CORP-A -- $11,476.08 132 2511920
0.03% WRB WR BERKLEY CORP -- $11,448.30 155 2093644
0.03% HAS HASBRO INC -- $11,432.64 96 2414580
0.03% GPC GENUINE PARTS CO -- $11,364.60 94 2367480
0.03% JBHT HUNT (JB) TRANSPRT SVCS INC -- $11,275.08 51 2445416
0.03% KIM KIMCO REALTY CORP -- $11,230.16 458 2491594
0.03% TSN TYSON FOODS INC-CL A -- $11,008.72 193 2909730
0.03% MAS MASCO CORP -- $10,886.40 135 2570200
0.03% ALLE ALLEGION PLC -- $10,813.52 58 BFRT3W7
0.03% GEN GEN DIGITAL INC -- $10,719.84 368 BJN4XN5
0.03% FICO FAIR ISAAC CORP -- $10,668.45 15 2330299
0.03% SWK STANLEY BLACK & DECKER INC -- $10,654.32 103 B3Q2FJ4
0.03% BG BUNGE GLOBAL SA -- $10,437.12 108 BQ6BPG9
0.03% FDXF FEDEX FREIGHT HOLDING CO -- $10,335.28 82 BVSVT37
0.03% TRMB TRIMBLE INC -- $10,325.46 159 2903958
0.03% TYL TYLER TECHNOLOGIES INC -- $10,251.80 26 2909644
0.03% RL RALPH LAUREN CORP -- $10,214.62 26 B4V9661
0.03% GDDY GODADDY INC - CLASS A -- $10,199.88 87 BWFRFC6
0.03% TXT TEXTRON INC -- $10,026.90 117 2885937
0.02% WY WEYERHAEUSER CO -- $10,012.20 492 2958936
0.02% CHRW C.H. ROBINSON WORLDWIDE INC -- $9,968.80 80 2116228
0.02% AIZ ASSURANT INC -- $9,955.20 34 2331430
0.02% EG EVEREST GROUP LTD -- $9,863.28 24 2556868
0.02% IT GARTNER INC -- $9,837.97 43 2372763
0.02% INVH INVITATION HOMES INC -- $9,747.52 367 BD81GW9
0.02% SJM JM SMUCKER CO/THE -- $9,482.70 73 2951452
0.02% AVY AVERY DENNISON CORP -- $9,475.44 52 2066408
0.02% MAA MID-AMERICA APARTMENT COMM -- $9,259.59 79 2589132
0.02% ECHO ECHOSTAR CORP-A -- $9,209.30 95 B2NC471
0.02% RDDT REDDIT INC-CL A -- $9,173.00 100 BMVNLY2
0.02% AKAM AKAMAI TECHNOLOGIES INC -- $9,086.56 98 2507457
0.02% DOC HEALTHPEAK PROPERTIES INC -- $8,963.13 471 BJBLRK3
0.02% PNW PINNACLE WEST CAPITAL -- $8,744.47 83 2048804
0.02% FOXA FOX CORP - CLASS A -- $8,600.64 136 BJJMGL2
0.02% HII HUNTINGTON INGALLS INDUSTRIE -- $8,555.76 27 B40SSC9
0.02% REG REGENCY CENTERS CORP -- $8,503.26 114 2726177
0.02% CHTR CHARTER COMMUNICATIONS INC-A -- $8,473.24 76 BZ6VT82
0.02% GL GLOBE LIFE INC -- $8,431.24 53 BK6YKG1
0.02% IVZ INVESCO LTD -- $8,383.52 302 B28XP76
0.02% CSGP COSTAR GROUP INC -- $8,326.92 276 2262864
0.02% MKC MCCORMICK & CO-NON VTG SHRS -- $8,228.46 174 2550161
0.02% GNRC GENERAC HOLDINGS INC -- $7,917.20 40 B6197Q2
0.02% FDS FACTSET RESEARCH SYSTEMS INC -- $7,909.68 24 2329770
0.02% JKHY JACK HENRY & ASSOCIATES INC -- $7,905.66 49 2469193
0.02% LULU LULULEMON ATHLETICA INC -- $7,721.28 72 B23FN39
0.02% DECK DECKERS OUTDOOR CORP -- $7,625.07 93 2267278
0.02% TKO TKO GROUP HOLDINGS INC -- $7,407.88 41 BQBBFD1
0.02% ALB ALBEMARLE CORP -- $7,371.00 81 2046853
0.02% CLX CLOROX COMPANY -- $7,304.00 83 2204026
0.02% AES AES CORP -- $7,237.04 488 2002479
0.02% LII LENNOX INTERNATIONAL INC -- $7,225.68 21 2442053
0.02% PNR PENTAIR PLC -- $7,222.34 109 BLS09M3
0.02% DPZ DOMINO'S PIZZA INC -- $7,215.33 23 B01SD70
0.02% NWSA NEWS CORP - CLASS A -- $7,134.40 245 BBGVT40
0.02% UDR UDR INC -- $7,104.00 200 2727910
0.02% ROL ROLLINS INC -- $7,070.64 204 2747305
0.02% CPT CAMDEN PROPERTY TRUST -- $7,048.30 70 2166320
0.02% BXP BXP INC -- $6,845.20 109 2019479
0.02% LVS LAS VEGAS SANDS CORP -- $6,490.59 177 B02T2J7
0.02% BEN FRANKLIN TEMPLETON INC -- $6,359.64 201 2350684
0.02% APTV APTIV PLC -- $6,238.06 142 BTDN8H1
0.02% FRT FEDERAL REALTY INVS TRUST -- $6,060.45 55 BN7P9B2
0.01% NCLH NORWEGIAN CRUISE LINE HOLDIN -- $5,516.98 314 B9CGTC3
0.01% FOX FOX CORP - CLASS B -- $5,170.40 92 BJJMGY5
0.01% AOS SMITH (A.O.) CORP -- $4,730.25 75 2816023
0.01% ERIE ERIE INDEMNITY COMPANY-CL A -- $4,705.02 18 2311711
0.01% ARE ALEXANDRIA REAL ESTATE EQUIT -- $4,301.40 107 2009210
0.01% HRL HORMEL FOODS CORP -- $4,234.72 199 2437264
0.01% MOS MOSAIC CO/THE -- $3,990.63 217 B3NPHP6
0.01% WYNN WYNN RESORTS LTD -- $3,733.00 50 2963811
0.01% MGM MGM RESORTS INTERNATIONAL -- $3,595.20 120 2547419
0.01% BF/B BROWN-FORMAN CORP-CLASS B -- $3,473.91 121 2146838
0.01% SKYD SKYDANCE CORP -- $2,949.45 371 BSNMNQ5
0.01% NWS NEWS CORP - CLASS B -- $2,570.94 81 BBGVT51
-- -- NET OTHER ASSETS (LIABILITIES) -- $95,127.52 95,128 --

Index

as of 9/30/2026

  • Total Number of Holdings443
  • Price/Earnings Ratio24.31
  • Price/Book Ratio5.61
  • Dividend Yield ( % )1.02
  • Avg. Index Market Capitalization$140.19 billion
About the Index

The S&P 500 Ex-Health Care Index is designed tomeasure the performance of the companies included in the S&P 500 Index with the exception of those companies included in the health care sector.

Distributions

Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital
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*Diversification does not ensure a profit or guarantee against a loss.

The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.

For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

Holdings are subject to change. ProShares may invest in financial instruments (including derivatives) that, in combination, should have daily price return characteristics similar to the fund's benchmark.

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

There is no guarantee that capital gain distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Investing involves risk, including the possible loss of principal. This ProShares ETF is subject to certain risks, including the risk that the fund may not track the performance of the index and that the fund’s market price may fluctuate, which may decrease performance. The fund may operate as non-diversified in order to approximate its index; non-diversified and narrowly focused investments typically exhibit higher volatility. This fund is exposed to the stocks of large cap companies, which tend to go through cycles of outperformance or underperformance lasting up to several years relative to other segments of the stock market. As a result, large cap returns may trail the returns of the overall stock market or other market segments. Please see the summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

The "S&P 500 Ex-Health Care Index" is a product of S&P Dow Jones Indices LLC and its affiliates and has been licensed for use by ProShares. "S&P®" is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and "Dow Jones®" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates. ProShares have not been passed on by S&P Dow Jones Indices LLC and its affiliates as to their legality or suitability. ProShares based on the S&P 500 Ex-Health Care Index are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates, and they make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

Star rating is © 2026 Morningstar, Inc. All Rights Reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Morningstar Rating ™ for funds, or “star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. Star ratings are calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five- and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. SPXV was rated against the following numbers of U.S.-domiciled Large Blend funds for the following time periods: 1209 for the last three years and 1122 for the last five years, and 898 for the last 10 years ending 9/30/26. With respect to these Large Blend funds, SPXV received a Morningstar Rating of 5 stars for the three-year period and 4 stars for the five-year period, and 5 stars for the ten-year period. Past performance is no guarantee of future results.

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