SPXN
ProShares S&P 500 Ex-Financials ETFSPXN Fund Description
SPXN tracks a market-cap-weighted index of US large-cap stocks, excluding firms in the financial and real estate sectors.
SPXN Factset Analytics Insight
SPXN launched in September 2015 as part of the ‘ex-sector’ suite from ProShares, which seeks to represent the US large-cap space without exposure to a specific sector. The fund starts with the S&P 500 index constituents. From this selection universe, companies are classified by sector according to GICS and those under financials and real estate are excluded from the portfolio. Selected securities are market-cap-weighted and rebalanced quarterly. SPXN might be used either speculatively when you want to bet on the underperformance of the financials and real estate sector, or complementary when you already have large positions in financials and real estate, and are looking to diversify. Prior to August 16, 2016, the fund’s underlying index name was S&P 500 Ex-Financials since the financial sector already included real estate at the time of launch. The change was made following the September 2016 GICS elevation of real estate to sector level.
SPXN MSCI ESG Analytics Insight
ProShares S&P 500 Ex-Financials ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.45 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 Ex-Financials ETF ranks in the 33th percentile within its peer group and in the 20th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
SPXN MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
SPXN Summary Data
SPXN Portfolio Data
SPXN Index Data
SPXN Portfolio Management
SPXN Tax Exposures
SPXN Fund Structure
SPXN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SPXN. SPXN is rated a 4 out of 5.
SPXN Tradability
SPXN Sector/Industry Breakdown
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SPXN Top 10 Holdings[View All]
SPXN Countries
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SPXN Regions
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SPXN Economic Development
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SPXN Performance Statistics
SPXN MSCI ESG Ratings
SPXN Benchmark Comparison Summary
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SPXN Benchmark Comparison Market Cap Size
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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.