Russell U.S. Dividend Growers ETF - TMDV Russell U.S. Dividend Growers ETF

ProShares Russell U.S. Dividend Growers ETF seeks investment results, before fees and expenses, that track the performance of the Russell 3000® Dividend Elite Index.

  • The only total market ETF focusing on the Russell 3000® Dividend Elite Index—a rare breed of U.S. companies that have raised their dividends for at least 35 consecutive years.††
  • TMDV’s holdings are quality names that, as a group, generally have had stable earnings, solid fundamentals and strong histories of profit and growth.
  • Learn more about the full lineup of ProShares Dividend Growers ETFs.
  • Download our brochure to see what makes dividend growth appealing to investors.
  • Read the latest Dividend Viewpoint for a current dividend scorecard and to learn about the source of the Dividend Aristocrats’ resilience in today’s markets.

Index/Benchmark Summary

The index, constructed and maintained by FTSE International Limited, targets companies that are currently members of the Russell 3000 Index, which represents approximately 98% of the investable U.S. equity market, have increased dividend payments each year for at least 35 years, and meet certain liquidity requirements. The index contains a minimum of 40 stocks which are equally weighted. No single sector is allowed to make up more than 30% of the index weight. If there are fewer than 40 stocks with at least 35 consecutive years of dividend growth, the index will include companies with shorter dividend growth histories. If the 30% sector cap is breached, companies in the applicable sector are removed, beginning with companies with the lowest dividend yield and shortest history of dividend growth, and progressively moving to companies with higher yields, as necessary. Only the top 85% of the Russell 3000 constituents, based on 20-day average dollar trading volume, are eligible for inclusion in the index. The index is rebalanced each March, June, September and December, with an annual reconstitution during the June rebalance.

Fundamentals as of 3/31/20

Total Number of Companies 66
Price/Earnings Ratio 16.25
Price/Book Ratio 2.21
Dividend Yield (%) 3.17
Average Index Market Capitalization $43.37 billion

Index Holdings Information as of 12/31/19

Top 10 Index Companies Weight
Helmerich & Payne Inc. 1.64%
VF Corp. 1.62%
Northwest Natural Holding Co. 1.59%
Universal Corp. 1.57%
Commerce Bancshares Inc. 1.55%
W.W. Grainger Inc. 1.55%
Archer-Daniels-Midland Co. 1.55%
Stepan Co. 1.54%
Cintas Corp. 1.54%
Becton Dickinson & Co. 1.53%

Index Holdings as of 12/31/19

Index Sector Weightings § Weight
Consumer Staples 20.82%
Industrials 17.94%
Utilities 13.51%
Financials 13.21%
Materials 11.90%
Consumer Discretionary 9.04%
Health Care 6.03%
Energy 3.12%
Communication Services 1.52%
Information Technology 1.47%
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§ Sum of weightings may not equal 100% due to rounding.

†† If fewer than 40 stocks meet the criteria, the index may include companies with shorter dividend growth histories.