NOBL, which had $3.56 billion in assets under management at the end of 2017, allocates 24.2% of its weight to the consumer staples sector. Industrial and healthcare stocks combine for about 29% of the ETF’s weight.
NOBL’s 12-month distribution yield of 2.22% could be seen as a positive trait in a rising interest rate environment. With interest rates rising, high-yield dividend stocks could lag while dividend payers with lower yields and quality traits could outperform.
NOBL has some dividend growth counterparts addressing other market caps and regions, including the ProShares Russell 2000 Dividend Growers ETF (CBOE: SMDV), ProShares S&P MidCap 400 Dividend Aristocrats ETF (CBOE: REGL) and the ProShares MSCI Emerging Markets Dividend Growers ETF (CBOE: EMDV).
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