NOBL - S&P 500 Dividend Aristocrats ETF - Vol 4
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NOBL Overview
NOBL is a passive ETF that tracks the S&P 500 Dividend Aristocrats Index which targets companies in the S&P 500 that have increased their dividends each year for at least 25 years!
Click here for → NOBL Homepage
Issuer - Proshares
Launched 10/09/2013
AUM $11.8B
30-Day SEC Yield 2.17%
Cost 0.35%
4 Morningstars in the Large Value Category
Beta of 0.86 more on Beta here
Correlation to S&P 500 of 0.74 more on Correlation here
*source: proshares.com and marketchameleon.com
NOBL Since Inception
Strategy
NOBL is the only ETF focusing exclusively on the S&P 500 Dividend Aristocrats Index
Invests in high quality stocks that have grown dividends for over 25 years, with most companies growing them for 40 years or more
Often investing in household names with solid fundamentals
Strategy has a history of weathering market turbulence as the high quality companies can provide a buffer against market downturns
The fund contains a minimum of 40 stocks equally weighted (currently holds 66 names)
No sector can be more than 30% of the holdings to ensure diversification
NOBL is rebalanced quarterly in January, April, July and October
for more in index rebalancing click → here
An annual reconstitution occurs during the January rebalance
for more on index reconstitution click → here
For a real deep dive on the importance of Dividends to returns click → here
Click here for → NOBL on Morningstar