NOBL | ETF
NOBL
ProShares S&P 500 Dividend Aristocrats ETF
segment: Equity: U.S. - Large Cap Competing ETFs: KNG, SDOG, DLN, DTN, SPYD Related ETF Channels: U.S., Smart-Beta ETFs, Large Cap, Dividend, Dividends, Broad-based, Size and Style, North America, Equity Find more ETFs with our ETF Screener and Database
*Unless otherwise stated, data provided by FactSet.
A 62
NOBL Fund Description
NOBL tracks an equal-weighted index of S&P 500 constituents that have increased dividend payments annually for at least 25 years.
NOBL Factset Analytics Insight
NOBL only selects companies from the S&P 500 that have increased their dividends for at least 25 consecutive years, then it equal-weights those holdings. This causes it to overweight traditional dividend-paying sectors. It doesn't Fit our neutral capweighted benchmark well, but with its methodology and a far smaller pool of holdings, it's not trying to. It's methodology substantially limits NOBL's selection universe, and the fund has a pronounced mid-cap tilt. Still, it's worth noting that it may be less sensitive to market movements than our benchmark. These factors have not diminished the fund's popularity, where its daily activity and narrow spreads make it an extremely tradable option. Its liquid underlying S&P 500 stock assets make for cheap and easy creation for those looking to trade in size. NOBL's Efficiency might suffer slightly due to a slightly higher expense ratio than some large-cap ETFs, but it looks better when you consider the amount of portfolio rebalancing that NOBL's equal-weighted structure requires.
NOBL MSCI ESG Analytics Insight
ProShares S&P 500 Dividend Aristocrats ETF has an MSCI ESG Fund Rating of A based on a score of 6.51 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund's Peer Rank reflects the ranking of a fund's MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ProShares S&P 500 Dividend Aristocrats ETF ranks in the 79th percentile within its peer group and in the 93th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
NOBL Summary Data Issuer
Inception Date
Legal Structure
Expense Ratio
Assets Under Management
Average Daily $ Volume
Average Spread (%)
ProShares 10/09/13
Open-Ended Fund 0.35% $5.39B
$29.16M
0.02%
NOBL Portfolio Data Weighted Average Market Cap Price / Earnings Ratio Price / Book Ratio Distribution Yield Next Ex-Dividend Date Number of Holdings
$77.99B
21.05 3.57
1.96% 09/25/19
57
NOBL Index Data Index Tracked
Index Weighting Methodology
S&P 500 Dividend Aristocrats Equal
Index Selection Methodology
Dividends
Segment Benchmark
MSCI USA Large Cap Index
1 Year
Daily Price ($) 75.00
70.00
65.00
60.00
Oct
Nov
Dec
`19
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Volume
4M
PERFORMANCE [as of 09/09/19]
NOBL NOBL (NAV) S&P 500 Dividend Aristocrats MSCI USA Large Cap Index
1 MONTH
3.27% 3.22% 3.27% 2.21%
3 MONTHS
4.04% 4.04% 4.14% 4.31%
YTD
18.61% 18.60% 18.93% 20.42%
1 YEAR
8.90% 8.89% 9.39% 6.19%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.
NOBL Top 10 Countries
United States
100.00%
3 YEARS
12.25% 12.24% 12.71% 14.50%
5 YEARS
11.11% 11.10% 11.56% 10.91%
10 YEARS
---13.48%
NOBL Top 10 Sectors NOBL Top 10 Holdings
Consumer Non-Cyclicals Industrials Financials Consumer Cyclicals Basic Materials
25.43% 24.70% 12.34% 10.52%
9.05%
Healthcare Energy Telecommunications Serv... Utilities Technology
9.00% 3.49% 1.87% 1.81% 1.79%
Target Corporation Brown-Forman Corporatio... AT&T Inc. Lowe's Companies, Inc. A. O. Smith Corporation
2.12% 2.01% 1.96% 1.95% 1.91%
Sysco Corporation
1.90%
Hormel Foods Corporation Cardinal Health, Inc. Procter & Gamble Compa... Leggett & Platt, Incorpora...
1.87% 1.86% 1.85% 1.83%
Total Top 10 Weighting 19.26%
NOBL Portfolio Management Expense Ratio
Median Tracking Difference (12 Mo)
Max. Upside Deviation (12 Mo)
Max. Downside Deviation (12 Mo)
0.35% -0.50% -0.39% -0.56%
NOBL Tax Exposures Max LT/ST Capital Gains Rate
Capital Gains Distributions (3 Year)
Tax on Distributions
Distributes K1
20.00% / 39.60% --
Qualified dividends No
NOBL Fund Structure Legal Structure OTC Derivative Use Securities Lending Active Securities Lending Split (Fund/Issuer) ETN Counterparty ETN Counterparty Risk Fund Closure Risk Portfolio Disclosure
Open-Ended Fund No No
No Policy
N/A N/A Low Daily
Daily Spread Premium/Discount
Volume
Oct
Nov
`19
Mar
May
Jul
0.07% 0.06% 0.05% 0.04% 0.03% 0.02% 0.01%
0%
NOBL Factset Analytics Block Liquidity
As of 09/11/19
5
This measurement shows how easy it is
4
to trade a $1 million USD block of NOBL. NOBL is rated a 5 out of 5.
3
2
1
0.2%
0.1%
0.0%
-0.1%
-0.2%
4M 3M 2M 1M
Sep
NOBL Tradability Avg. Daily Share Volume
Average Daily $ Volume
Median Daily Share Volume
Median Daily Volume ($)
Average Spread (%)
Average Spread ($)
Median Premium / Discount (12 Mo)
Max. Premium / Discount (12 Mo)
Impediment to Creations
Market Hours Overlap
Creation Unit Size (Shares)
Creation Unit/Day (45 Day Average)
Creation Unit Cost (%)
Underlying Volume / Unit
Open Interest on ETF Options
Net Asset Value (Yesterday)
Implied Liquidity
421,247 $29.16M 360,809 $24.66M
0.02% $0.02 0.01% 0.14% / -0.11% None 100.00% 50,000
7.22 0.01% 0.04%
704 $71.13
5
NOBL Sector/Industry Breakdown NOBL
Segment Benchmark
Consumer NonCyclicals
25.43%
7.74%
Industrials
24.70%
9.15%
Financials
12.34%
14.77%
Consumer Cyclicals
10.52%
13.15%
Basic Materials
9.05%
2.10%
Healthcare
9.00%
14.03%
Energy
3.49%
5.11%
Telecommunications Services
1.87%
2.30%
Utilities
1.81%
2.64%
Technology
1.79%
29.02%
NOBL Top 10 Holdings Target Corporation Brown-Forman Corporation Class B AT&T Inc. Lowe's Companies, Inc. A. O. Smith Corporation Sysco Corporation Hormel Foods Corporation Cardinal Health, Inc. Procter & Gamble Company Leggett & Platt, Incorporated Total Top 10 Weighting
NOBL Countries United States
NOBL 100.00%
NOBL Regions North America
NOBL 100.00%
NOBL Economic Development Developed Countries
NOBL 100.00%
2.12% 2.01% 1.96% 1.95% 1.91% 1.90% 1.87% 1.86% 1.85% 1.83% 19.26%
Segment Benchmark 100.00%
NOBL Performance Statistics Goodness of Fit (R2)
0.86
Beta
0.80
Up Beta
0.77
Down Beta
0.82
Downside Standard Deviation
0.41%
Segment Benchmark
MSCI USA Large Cap Index
NOBL MSCI ESG Ratings MSCI ESG Rating
MSCI ESG Quality Score
Peer Group Percentile Rank
Global Percentile Rank
SRI Screening Criteria Exposure
Exposure to Sustainable Impact Solutions
Weighted Average Carbon Intensity (t CO2e/$M Sales)
A 6.51 / 10
93.39 79.15 5.13% 9.33%
192.86
Segment Benchmark 100.00%
Segment Benchmark 100.00%
NOBL Benchmark Comparison Holdings NOBL Number of Holdings
Benchmark Constituents
Shared Holdings
Shared Holdings Weight
57 298
45 17.91%
NOBL Benchmark Comparison Summary
NOBL
Segment Benchmark
Number of Holdings
57
298
Weighted Average Market Cap
$77.99B $268.77B
Price / Earnings Ratio
21.05
21.93
Price / Book Ratio
3.57
3.46
Dividend Yield
2.53%
1.91%
Concentration
Low
Low
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