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.
  • Dividend growth strategies: What are they? How can you use them? Where can you invest? Our video answers these questions. Watch it now.

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 9/30/19

Total Number of Companies 68
Price/Earnings Ratio 20.43
Price/Book Ratio 2.87
Dividend Yield (%) 2.52
Average Index Market Capitalization $46.93 billion

Index Holdings Information as of 9/30/19

Top 10 Index Companies Weight
Gorman-Rupp Co 1.68%
Middlesex Water 1.56%
Fuller H B Co 1.55%
Emerson Electric 1.55%
MGE Energy 1.55%
Franklin Resources 1.55%
Grainger (W W) 1.54%
Archer Daniels Midland 1.53%
Universal Corp 1.53%
Nordson Cp 1.53%

Index Holdings as of 9/30/19

Index Sector Weightings § Weight
Consumer Staples 20.45%
Industrials 18.19%
Utilities 14.69%
Financials 13.28%
Materials 11.79%
Consumer Discretionary 8.71%
Health Care 5.70%
Energy 2.94%
Real Estate 1.47%
Communication Services 1.45%
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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.