ProShares S&P 500 Aristocrats ETF (NYSEArca: NOBL)
AUM: $242.3 million
Comment: One of the most successful ETFs to debut last year, NOBL is another of the many dividend offerings available on OneSource. NOBL tracks the S&P 500 Dividend Aristocrats Index, which only includes companies that have increased their dividends for at least 25 consecutive years.
However, the ETF’s emphasis on mature dividend payers does not translate to an emphasis on high-yielding companies with stretched payout ratios. For example, the average payout ratio of NOBL’s top-10 holdings at the end of the second quarter was just 37.9%.
