Today, ProShares announced the addition of two new ETFs to its dividend growth suite, one focusing on U.S. technology and the other on the Russell 3000, which represents the total U.S. market.
With eight ETFs—including its flagship fund NOBL—and over $7 billion in assets under management as of November 7, 2019, ProShares’ dividend growth ETF lineup is the largest of any ETF provider. The expansion of the lineup reflects ProShares’ belief in the value of dividend growth strategies for long-term investors.
“Consistent dividend growth may be one of the best indicators of a company’s health,” said Michael Sapir, co-founder and CEO of ProShare Advisors, LLC, the advisor to ProShares. “We are committed to offering this powerful strategy across a broad array of market caps, geographies and sectors.”
ProShares S&P Technology Dividend Aristocrats ETF (Cboe BZX: TDV) is the only ETF focused on U.S. technology dividend growers—Technology Dividend Aristocrats®—that have raised their dividends for a minimum of seven consecutive years.
ProShares Russell U.S. Dividend Growers ETF (Cboe BZX: TMDV) represents the total market, and includes large-, mid- and small-cap U.S. companies. The fund follows the Russell 3000® Dividend Elite Index, which targets the best dividend growers of the Russell 3000 Index—companies that have raised their dividends for a minimum of 35 years.
ProShares Dividend Growers ETFs focus on the companies with the longest track records of dividend growth in some of the most widely tracked U.S. and international indexes. All of these ETFs are listed on the Cboe BZX Exchange. The funds are as follows:
S&P 500 Dividend Aristocrats ETF
S&P 500® Dividend Aristocrats® Index
U.S. large cap
S&P 500 MidCap 400 Dividend Aristocrats ETF
S&P MidCap 400® Dividend Aristocrats® Index
U.S. mid cap
Russell 2000 Dividend Growers ETF
Russell 2000® Dividend Growth Index
U.S. small cap
ProShares Russell U.S. Dividend Growers ETF
Russell 3000® Dividend Elite Index
U.S. total market
ProShares S&P Technology Dividend Aristocrats ETF
S&P® Technology Dividend Aristocrats® Index
MSCI EAFE Dividend Growers ETF
MSCI EAFE Dividend Masters Index
MSCI Europe Dividend Growers ETF
MSCI Europe Dividend Masters Index
MSCI Emerging Markets Dividend Growers ETF
MSCI Emerging Markets Dividend Masters Index
About the Indexes
The S&P Technology Dividend Aristocrats Index is constructed and maintained by S&P Dow Jones LLC. The S&P Technology Dividend Aristocrats Index focuses on well-established tech-related companies that have raised their dividends for a minimum of seven consecutive years. The index targets companies from the information technology sector but may also include technology-related companies in the communication services and consumer discretionary sectors, which may cover internet direct marketing retail, interactive home entertainment, and interactive media and services. Shares must be listed on a U.S. national securities exchange and meet certain liquidity and other requirements. The index contains a minimum of 25 stocks, which are equally weighted rather than weighted by market capitalization. The index is rebalanced quarterly each January, April, July and October, with an annual reconstitution during the January rebalance.
The Russell 3000 Dividend Elite Index is constructed and maintained by FTSE International Limited. The Russell 3000 Dividend Elite Index targets companies that are currently members of the Russell 3000 Index that have increased dividend payments for at least 35 consecutive years and meet certain liquidity requirements. The index contains a minimum of 40 stocks, which are equally weighted as of each quarterly rebalance date rather than weighted by market capitalization. No single sector is allowed to compose more than 30% of the index’s weight. The index is rebalanced each March, June, September and December, with an annual reconstitution during the June rebalance.
ProShares has been at the forefront of the ETF revolution since 2006. ProShares now offers one of the largest lineups of ETFs, with more than $32 billion in assets. The company is the leader in strategies such as dividend growth, interest rate hedged bond and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.
ProShares offers the largest dividend grower lineup of any provider. Source: ETF.com.
Best dividend growers are defined as companies that have the longest track records of consecutive dividend growth.
There is no guarantee dividends will continue to be paid. Companies may reduce or eliminate dividends at any time, and those that do will be dropped from the index at reconstitution. If fewer than 40 (TMDV) or 25 (TDV) stocks meet the criteria, the index may include companies with shorter dividend growth histories.
Investing involves risk, including the possible loss of principal. These ProShares ETFs entail certain risks, including imperfect benchmark correlation and market price variance, that may decrease performance. Investments in smaller companies typically exhibit higher volatility. Small- and mid-cap companies may have limited product lines or resources, may be dependent upon a particular market niche and may have greater fluctuations in price than the stocks of larger companies. Small- and mid-cap companies may lack the financial and personnel resources to handle economic or industry-wide setbacks and, as a result, such setbacks could have a greater effect on small- and mid-cap security prices. Technology companies may be subject to intense competition, product obsolescence, general economic conditions and government regulation and may have limited product lines, markets, financial resources or personnel. Please see their summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.
The “S&P® Technology Dividend Aristocrats® Index” is a product of S&P Dow Jones Indices LLC and its affiliates. “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. The “Russell 3000 Dividend Elite Index,” “Russell 3000” and “Russell®” are trademarks of Russell Investment Group. All have been licensed for use by ProShares. ProShares have not been passed on by these entities and their affiliates as to their legality or suitability. ProShares based on these indexes are not sponsored, endorsed, sold or promoted by these entities and their 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.
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. Obtain them from your financial advisor or broker-dealer representative or visit ProShares.com.
ProShares are distributed by SEI Investments Distribution Co. (“SIDCO”), which is not affiliated with the funds’ advisor.
© 2019 PSA PR-2019-7203
Tucker Hewes, Hewes Communications, Inc., 212-207-9451, firstname.lastname@example.org