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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
13.5%
1 yr return
6.6%
3 Yr Avg Return
12.1%
5 Yr Avg Return
11.7%
Net Assets
$25.9 M
Holdings in Top 10
28.0%
Expense Ratio 0.27%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund invests in securities that ProShare Advisors believes, in combination, should track the performance of the Index.
The Index and Fund seek to provide exposure to the companies of the S&P 500® Index (the "S&P 500®") with the exception of those companies included in the Energy Sector. The S&P 500® is a measure of large-cap U.S. stock market performance. It is a float adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization and financial viability. The Index is constructed and maintained by S&P Dow Jones LLC. The Index classifies each company in the S&P 500® as part of a particular sector using the Global Industry Classification Standards ("GICS"), which are jointly produced by S&P Dow Jones Indices and MSCI, to define companies within a sector. As of June 30, 2020, the following sectors are included within GICS: Consumer Discretionary, Consumer Staples, Financials, Health Care, Industrials, Information Technology, Materials, Communication Services, Real Estate, and Utilities. A Sector is comprised of multiple industries. For example, the Energy Sector is comprised of companies in, among others, the oil, gas, and consumable fuel industries. The Index consists of companies from each of the Sectors other than the Energy Sector. Each security in the Index is weighted by float-adjusted market capitalization according to the same rules as the S&P 500®. The Index is published under the Bloomberg ticker symbol "SPXXEGT."
Under normal circumstances, the Fund will invest at least 80% of its total assets in component securities of the Index.
The Fund will invest principally in the financial instruments set forth below.
ProShare Advisors uses a mathematical approach to investing. Using this approach, ProShare Advisors determines the type, quantity and mix of investment positions that it believes, in combination, the Fund should hold to produce returns consistent with the Fund's investment objective. The Fund may invest in or gain exposure to only a representative sample of the securities in the Index or to securities not contained in the Index or in financial instruments, with the intent of obtaining exposure with aggregate characteristics similar to those of the Index.
In managing the assets of the Fund, ProShare Advisors does not invest the assets of the Fund in securities or financial instruments based on ProShare Advisors' view of the investment merit of a particular security, instrument, or company, nor does it conduct conventional investment research or analysis or forecast market movement or trends.
The Fund seeks to remain fully invested at all times in securities and/or financial instruments that, in combination, provide exposure to the returns of the Index without regard to market conditions, trends or direction.
The Fund will concentrate or focus its investments in a particular industry or group of industries to approximately the same extent the Index is so concentrated or focused.
As of May 31, 2020, the Index was concentrated in the information technology industry group and was focused in the health care industry group.
Please see "Investment Objectives, Principal Investment Strategies and Related Risks" in the Fund's Prospectus for additional details.
Period | SPXE Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 13.5% | -51.8% | 22.1% | 62.16% |
1 Yr | 6.6% | -58.9% | 46.9% | 35.26% |
3 Yr | 12.1%* | -25.7% | 197.6% | 12.17% |
5 Yr | 11.7%* | -29.1% | 93.8% | 6.71% |
10 Yr | N/A* | -17.2% | 37.0% | N/A |
* Annualized
Period | SPXE Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2022 | -20.6% | -69.4% | 53.7% | 47.51% |
2021 | 13.1% | -94.0% | 152.6% | 6.63% |
2020 | 6.4% | -13.9% | 183.6% | 10.79% |
2019 | 7.3% | -18.2% | 8.9% | 4.74% |
2018 | -1.1% | -80.2% | 35.2% | 12.12% |
Period | SPXE Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 13.5% | -97.2% | 22.1% | 62.16% |
1 Yr | 6.6% | -58.9% | 67.6% | 36.43% |
3 Yr | 12.1%* | -25.7% | 197.6% | 13.48% |
5 Yr | 11.7%* | -28.1% | 93.8% | 7.59% |
10 Yr | N/A* | -11.8% | 37.0% | N/A |
* Annualized
Period | SPXE Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2022 | -20.6% | -69.4% | 53.7% | 47.59% |
2021 | 13.1% | -94.0% | 152.6% | 7.01% |
2020 | 6.4% | -13.9% | 183.6% | 10.71% |
2019 | 7.3% | -12.8% | 8.9% | 4.74% |
2018 | -1.1% | -60.0% | 35.2% | 31.56% |
SPXE | Category Low | Category High | SPXE % Rank | |
---|---|---|---|---|
Net Assets | 25.9 M | 177 K | 1.21 T | 92.43% |
Number of Holdings | 485 | 2 | 4154 | 20.68% |
Net Assets in Top 10 | 7.25 M | 1.74 K | 270 B | 91.36% |
Weighting of Top 10 | 28.00% | 1.8% | 100.0% | 67.51% |
Weighting | Return Low | Return High | SPXE % Rank | |
---|---|---|---|---|
Stocks | 99.86% | 0.00% | 130.24% | 17.70% |
Other | 0.14% | -13.91% | 134.98% | 5.74% |
Preferred Stocks | 0.00% | 0.00% | 2.23% | 79.88% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 78.08% |
Cash | 0.00% | -102.29% | 100.00% | 94.12% |
Bonds | 0.00% | -0.04% | 95.81% | 77.87% |
Weighting | Return Low | Return High | SPXE % Rank | |
---|---|---|---|---|
Technology | 25.67% | 0.00% | 48.94% | 25.49% |
Healthcare | 15.20% | 0.00% | 60.70% | 31.58% |
Financial Services | 14.08% | 0.00% | 55.59% | 39.15% |
Consumer Cyclical | 11.30% | 0.00% | 50.47% | 32.77% |
Communication Services | 9.24% | 0.00% | 27.94% | 30.32% |
Industrials | 8.62% | 0.00% | 29.90% | 57.00% |
Consumer Defense | 7.24% | 0.00% | 49.14% | 37.68% |
Utilities | 3.13% | 0.00% | 25.44% | 23.81% |
Real Estate | 2.91% | 0.00% | 37.52% | 43.77% |
Basic Materials | 2.59% | 0.00% | 26.10% | 47.41% |
Energy | 0.00% | 0.00% | 41.64% | 96.92% |
Weighting | Return Low | Return High | SPXE % Rank | |
---|---|---|---|---|
US | 98.70% | 0.00% | 127.77% | 19.23% |
Non US | 1.16% | 0.00% | 33.51% | 59.61% |
SPXE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.27% | 0.01% | 2.95% | 83.02% |
Management Fee | 0.13% | 0.00% | 2.00% | 12.79% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.85% | N/A |
SPXE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
SPXE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SPXE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 496.00% | 13.12% |
SPXE | Category Low | Category High | SPXE % Rank | |
---|---|---|---|---|
Dividend Yield | 1.15% | 0.00% | 19.15% | 11.70% |
SPXE | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
SPXE | Category Low | Category High | SPXE % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.21% | -54.00% | 6.06% | 20.16% |
SPXE | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Mar 29, 2023 | $0.263 | OrdinaryDividend |
Dec 30, 2022 | $0.371 | OrdinaryDividend |
Sep 28, 2022 | $0.306 | OrdinaryDividend |
Jun 29, 2022 | $0.286 | OrdinaryDividend |
Mar 30, 2022 | $0.241 | OrdinaryDividend |
Dec 31, 2021 | $0.270 | OrdinaryDividend |
Sep 29, 2021 | $0.236 | OrdinaryDividend |
Jun 29, 2021 | $0.270 | OrdinaryDividend |
Mar 30, 2021 | $0.198 | OrdinaryDividend |
Dec 31, 2020 | $0.304 | OrdinaryDividend |
Sep 30, 2020 | $0.190 | OrdinaryDividend |
Jul 01, 2020 | $0.249 | OrdinaryDividend |
Apr 01, 2020 | $0.205 | OrdinaryDividend |
Jan 02, 2020 | $0.227 | OrdinaryDividend |
Oct 02, 2019 | $0.245 | OrdinaryDividend |
Jul 02, 2019 | $0.261 | OrdinaryDividend |
Mar 27, 2019 | $0.215 | OrdinaryDividend |
Jan 03, 2019 | $0.266 | OrdinaryDividend |
Oct 03, 2018 | $0.188 | OrdinaryDividend |
Jun 27, 2018 | $0.213 | OrdinaryDividend |
Mar 28, 2018 | $0.177 | OrdinaryDividend |
Jan 04, 2018 | $0.229 | OrdinaryDividend |
Oct 05, 2017 | $0.236 | OrdinaryDividend |
Jun 29, 2017 | $0.205 | OrdinaryDividend |
Mar 30, 2017 | $0.262 | OrdinaryDividend |
Dec 30, 2016 | $0.170 | OrdinaryDividend |
Sep 29, 2016 | $0.194 | OrdinaryDividend |
Jun 30, 2016 | $0.179 | OrdinaryDividend |
Apr 01, 2016 | $0.160 | OrdinaryDividend |
Dec 31, 2015 | $0.218 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Sep 22, 2015
6.69
6.7%
Michael Neches joined ProShare Advisors in 2000, and presently serves as a Senior Portfolio Manager. He previously served as the Senior Portfolio Manager responsible for the company’s commodities desk for two years, as a Portfolio Manager and team lead, as an Associate Portfolio Manager and as a Portfolio Analyst. Mr. Neches earned a Bachelor of Science in Finance from the University of Maryland, College Park and an MBA from Georgetown University.
Start Date
Tenure
Tenure Rank
Apr 30, 2018
4.09
4.1%
Devin Sullivan is Portfolio Manager at ProShare Advisors since September 2016 and Associate Portfolio Manager from December 2011 to August 2016.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.17 | 2.42 |
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