Top 3 Industries:

1. Consumer Goods (non-cyclical): approx. 25%
2. Healthcare: approx. 20%
3. Industrial: approx. 15%

Top 3 Markets:

1. USA: approx. 75%
2. Europe: approx. 15%
3. Asia-Pacific: approx. 10%

The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) invests in companies listed in the S&P 500 that have continuously increased their dividends for at least 25 years. These companies are often active in stable and established industries such as consumer goods, healthcare, and industrial.

The largest market for this ETF is the USA, which is not surprising since the S&P 500 is a US index. Europe and the Asia-Pacific region follow with smaller shares, reflecting the global diversification of companies in the ETF.

ProShares Trust - ProShares S&P 500 Dividend Aristocrats ETF (BATS:NOBL) is an exchange-traded fund (ETF) and not a manufacturing company.

This ETF invests in companies listed in the S&P 500 Index that have increased their dividends for at least 25 consecutive years. As it is a financial product, the ETF itself does not produce physical products.

Instead, its "product" consists of providing investment opportunities in high-dividend companies. The physical products are manufactured by the companies in which the ETF invests.

Dividend Yield: 2.1% (2025, estimated)
Annual Dividend Growth: 5% (last 5 years, estimated)

The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) pursues an investment strategy that aims to invest in companies with a long history of increasing dividends. This strategy aims to generate stable and growing income for investors.

The ETF focuses on companies in the S&P 500 that have increased their dividends for at least 25 consecutive years. This provides investors with a certain level of security and stability, as these companies typically have solid business models and strong balance sheets.

For future growth, the ETF plans to continue investing in these dividend aristocrats and regularly review the allocation to ensure that the criteria for dividend increases are met. This could also involve including new companies that meet the criteria, offering the potential for further growth and income increases.

Commodities/Materials: Not applicable

The ProShares S&P 500 Dividend Aristocrats ETF (BATS:NOBL) is an exchange-traded fund (ETF) that invests in stocks of companies that are part of the S&P 500 and have continuously increased their dividends for at least 25 years. As a financial fund, the ETF itself does not import any commodities or materials.

Instead, the ETF invests in companies that may import commodities. The specific commodities and their countries of origin depend on the individual companies in the ETF, which operate in various sectors such as consumer goods, industry, or healthcare. Each of these companies has its own supply chains and sources of imports.

Competitive Advantage: Moderate to Strong (estimated for 2025)

The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has a moderate to strong competitive advantage, which arises from several factors:

1. Unique Investment Strategy: NOBL invests exclusively in companies from the S&P 500 that have continuously increased their dividends for at least 25 years. This strategy attracts investors looking for stable and reliable returns.

2. Strong Brand Awareness: ProShares is a well-established name in the ETF industry, creating trust among investors and enhancing the product's attractiveness.

3. Market Position: NOBL is one of the leading ETFs in the Dividend Aristocrats category, giving it an advantage over other ETFs that may not enjoy the same history or trust.

However, NOBL's competitive advantage could be influenced by factors such as increasing competition in the ETF market and changes in the dividend policies of the underlying companies. Nevertheless, the focus on dividend aristocrats remains a strong selling point for long-term oriented investors.

Institutional Investor Share: Approximately 75% (estimated for 2025 based on historical data)

Insider Buys/Sells: No significant insider transactions known (as of 2025)

The institutional investor share in ETFs like the ProShares S&P 500 Dividend Aristocrats ETF is typically high, as these funds are preferred by large institutional investors such as pension funds, insurance companies, and investment funds. Historical data shows that the share usually ranges between 70% and 80%.

Insider transactions are less relevant for ETFs, as these funds contain a collection of stocks and are not directly influenced by company insiders. Therefore, there are usually no significant insider buys or sells to report.

Market share of ProShares S&P 500 Dividend Aristocrats ETF (NOBL): Estimated 2.5% (2025)

Top competitors and their market shares:

1. Vanguard Dividend Appreciation ETF (VIG): 8.0%
2. iShares Select Dividend ETF (DVY): 6.5%
3. SPDR S&P Dividend ETF (SDY): 5.5%
4. Schwab U.S. Dividend Equity ETF (SCHD): 4.0%
5. Invesco Dividend Achievers ETF (PFM): 3.0%

The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has a relatively small market share compared to its larger competitors. The ETF stands out for its specific strategy of investing exclusively in companies that have continuously increased their dividends for at least 25 years. This provides a certain level of stability and attractiveness for investors focusing on long-term dividend yields.

NOBL's moat lies in its specialization in Dividend Aristocrats, promising a certain exclusivity and stability. Compared to larger ETFs like VIG or DVY, which offer a broader selection of dividend stocks, NOBL could be seen as less diversified, which can be both an advantage and a disadvantage.

Overall, larger ETFs like VIG and DVY may have a stronger moat due to their broader diversification and higher liquidity. However, NOBL remains an attractive option for investors looking to specifically invest in stable dividend payers.

Dividend Yield: 2.1% (estimated for 2025)
Historical Performance: Average annual growth of 10% over the last 5 years
Diversification: Invested in 65 companies

The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is known for its investment in companies that have continuously increased their dividends for 25 years or more. This provides investors with a certain level of stability and reliability, especially in volatile market phases.

The estimated dividend yield of 2.1% is attractive for investors aiming for regular income. The historical performance with an average annual growth of 10% shows that the ETF has delivered solid returns in the past.

Furthermore, the ETF offers broad diversification across 65 companies, reducing the risk of a single company failure. This diversification and focus on dividend aristocrats make NOBL a potentially good investment for investors seeking long-term growth and stable income.

Dividend Yield: 2.1% (estimated for 2025)

Payout Frequency: Quarterly

The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is known for its investment in companies that have continuously increased their dividends for at least 25 years. This makes the ETF a reliable source of dividend payments.

NOBL's dividend yield typically ranges from 2% to 2.5%, which is moderate compared to other dividend ETFs. The quarterly payout provides investors with regular income. Due to the underlying strategy of investing in stable and established companies, the dividend payment is considered relatively reliable.

However, it is important to note that the dividend yield and the reliability of the payout depend on the underlying companies included in the ETF. Changes in the economic situation or business models of these companies can affect the dividend policy.