SPXB ETF Report: Ratings, Analysis, Quotes, Holdings

Competing ETFs: LQD, CRED, CORP, QLTA, VTC

Related ETF Channels: U.S., Fixed Income, Bond, Investment Grade Bonds, Broad Maturities, Vanilla, North America

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*Unless otherwise stated, data provided by FactSet.

SPXB Fund Description

SPXB tracks a market-value-weighted index of investment-grade bonds issued by companies in the S&P 500 Index.

SPXB Factset Analytics Insight

SPXB only holds bonds from issuers that are included in the S&P 500. All holdings must be investment-grade, denominated in US dollars, with at least one year remaining to maturity. From the pool of eligible securities, SPXB selects the 1000 most liquid issues—typically the entire pool—and rebalances monthly. The investment case for SPXB is somewhat hazy; it’s more or less aligned with our benchmark corporate bond index on every metric, but the relatively narrow portfolio lacks the diversification benefits of some established competitors like iShares’ LQD or PIMCO’s CORP. Perhaps some neophyte bond investors will feel more comfortable holding a portfolio of issues from companies they’ve heard of, pre-filtered through a familiar stock index. If so, SPXB isn’t a bad choice; it offers reasonable exposure at a fair price.

SPXB MSCI ESG Analytics Insight

ProShares S&P 500 Bond ETF has an MSCI ESG Fund Rating of BB based on a score of 4.18 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 Bond ETF ranks in the 23th percentile within its peer group and in the 8th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

SPXB Charts And Performance

Price Chart ($)

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PERFORMANCE [as of 09/18/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

SPXB -1.49% 3.45% 12.24% 11.90% -- -- --

SPXB (NAV) -1.01% 3.49% 12.68% 12.49% -- -- --

S&P 500/MarketAxess Investment Grade Corporate Bond Index -- -- -- -- -- -- --

Bloomberg Barclays US Aggregate Corporate Index -- -- -- -- -- -- --

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SPXB Summary Data

ProShares

05/01/18

Open-Ended Fund

0.15%

$28.11M

$256.91K

0.27%

Fund Home Page

SPXB Portfolio Data

7.84

3.09%

10/01/19

182

SPXB Index Data

S&P 500/MarketAxess Investment Grade Corporate Bond Index

Market Value

Committee

Bloomberg Barclays US Aggregate Corporate Index

SPXB Portfolio Management

0.15%

Max. Downside Tracking Difference (12 Mo) --

SPXB Tax Exposures

20.00% / 39.60%

Ordinary income

SPXB Fund Structure

Open-Ended Fund

No Policy

N/A

High

Daily

Cboe Book Viewer

Top Of Book

Last 10 Trades

Bats BZX Real-time Quote -

SPXB Factset Analytics Block Liquidity

As of 09/19/19

This measurement shows how easy it is to trade a $1 million USD block of SPXB. SPXB is rated a N/A out of 5.

SPXB Tradability

2,833

$256.91K

2,265

$201.22K

0.27%

$0.23

0.15%

0.63% / -0.76%

None

100.00%

25,000

0.09

0.02%

$86.68

N/A

SPXB Sector/Industry Breakdown

SPXB

Segment Benchmark

Industrial

66.79%

Financial

31.68%

Utility

1.53%

SPXB Top 10 Holdings[View All]

AT&T Inc. 3.4% 15-MAY-2025 1.67%

JPMorgan Chase & Co. 3.9% 15-JUL-2025 1.53%

Citigroup Inc. 2.35% 02-AUG-2021 1.43%

Verizon Communications Inc. 5.25% 16-MAR-2037 1.32%

Ford Motor Company 5.291% 08-DEC-2046 1.22%

Mastercard Incorporated 2.95% 01-JUN-2029 1.12%

Oracle Corporation 3.8% 15-NOV-2037 1.03%

AT&T Inc. 5.25% 01-MAR-2037 1.03%

United Technologies Corporation 4.5% 01-JUN-2042 1.01%

Goldman Sachs Group, Inc. 6.75% 01-OCT-2037 0.95%

Total Top 10 Weighting 12.31%

SPXB Top 5 Countries

SPXB

Segment Benchmark

United States

97.41%

Ireland

1.46%

Luxembourg

0.68%

United Kingdom

0.45%

SPXB Top 5 Currencies

SPXB

Segment Benchmark

USD

100.00%

SPXB Performance Statistics

SPXB MSCI ESG Ratings

4.18 / 10

7.53

23.09

9.73%

5.81%

89.75

SPXB Holdings Statistics

11.76 years

Effective Duration 7.84

3.09%

Credit Spread Duration 7.83

Concentration Medium

Number of Holdings 182

Option Adjusted Spread 0.99%

SPXB Avg Life Maturity Distribution

0 - 1 years 0.48%

1 - 2 years 11.55%

2 - 3 years 8.11%

3 - 5 years 13.35%

5 - 7 years 16.47%

7 - 10 years 15.85%

10 - 15 years 0.36%

15 - 20 years 8.02%

> 20 years 25.81%

SPXB OAS Breakdown

100 - 200 bps 33.63%

200 - 300 bps 5.09%

300 - 400 bps 2.09%

400 - 500 bps --

500 - 600 bps --

600 - 700 bps --

700 - 800 bps --

800 - 900 bps --

900 - 1000 bps --

> 1000 bps --

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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.