SPXB — ProShares S&P 500 Bond ETF
Data updated: 2024-04-26
SPXB — ProShares S&P 500 Bond ETF. Long Corporate Bond · $9.35M AUM · 0.15% expense ratio · 6.2% 1-yr return. Holdings, fees, performance and SEC filings.
SPXB Fund Overview
SPXB — ProShares S&P 500 Bond ETF is a US ETF managed by Proshares Trust, categorised as Long Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Proshares Trust
- Category: Long Corporate Bond
- Assets under management: $9.35M
- 1-year return: 6.2%
- Ticker: SPXB
- SEC CIK: 0001174610
- SEC series ID: S000053144
- Share class ID: C000167248
SPXB Investment Objective and Strategy
ProShares S&P 500 Bond ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Proshares Trust.
Investment objective
ProShares S&P 500 ® Bond ETF (the “Fund”) seeks investment results, before fees and expenses, that track the performance of the S&P 500 ® /MarketAxess ® Investment Grade Corporate Bond Index.
Principal investment strategy
The Fund seeks to invest substantially all of its assets in the bonds included in the Index. The Index is constructed and maintained by S&P Dow Jones Indices LLC (the Index Provider). The Index consists exclusively of investment grade bonds issued by companies in the S&P 500, the most widely-used U.S. equity benchmark. From over 5000 bonds issued by S&P 500 companies, the Index Provider selects and weights up to 1000 of the most liquid investment grade bonds based on the following criteria: Qualifying bonds must (i) be issued by S&P 500 companies (or their subsidiaries), (ii) be rated investment grade, (iii) be issued in the United States and denominated in U.S. dollars, (iv) have a remaining maturity of greater than or equal to one year (as of the monthly rebalance date), (v) have a maturity upon issuance of at least two and a half years, and (vi) have a minimum par amount of $750 million.
Bonds meeting the above criteria are ranked based on their liquidity. The 1000 most liquid bonds (i.e., those with the highest average trading volumes) are included in the Index. If less than 1000 bonds meet the above criteria, all qualifying bonds will be included in the Index and the Index will consist of fewer than 1000 bonds. The Index is weighted by market value. Bond issuances with higher market values are more heavily weighted than bond issuances with lower market values. The Index constituents are reset and rebalanced on a monthly basis. As of May 31, 2018, the Index included 1000 bonds from 215 distinct issuers (183 S&P500 companies and their subsidiaries). The Index is published under the Bloomberg ticker symbol SP5MAIGT. The Fund invests in securities that ProShare Advisors believes should track the performance of the Index.
Under normal circumstances, the Fund will invest at least 80% of its total assets in component securities (i.e., securities of the Index and comparable securities that have economic characteristics that are substantially identical to the economic characteristics of the securities of the Index). The securities that the Fund will principally invest in are set forth below. Fixed Income Instruments The Fund invests substantially all of its assets in investment grade bonds issued by companies in the S&P 500. ProShare Advisors follows a passive approach to investing that is designed to track the performance of the Index. The Fund seeks to invest in a representative sample of the securities in the Index with the intent of obtaining exposure with aggregate characteristics similar to those of the Index, including the general credit profile of the Index.
In managing the assets of the Fund, ProShare Advisors does not invest the assets of the Fund in securities based on ProShare Advisors view of the investment merit of a particular security, nor does it conduct conventional investment research or analysis or forecast market movement or trends. The Fund seeks to remain fully invested at all times in securities that provide exposure to the Index without regard to market conditions, trends or direction. The Fund will concentrate its investment in a particular industry or group of industries, country or region to approximately the same extent as the Index is so concentrated. As of the close of business on May 31, 2018, the Index was concentrated in the financials industry group. Please see Investment Objectives, Principal Investment Strategies and Related Risks in the Funds Full Prospectus for additional details.
SPXB Holdings
Top 10 holdings of ProShares S&P 500 Bond ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Invesco Govt And Agcy Lex | 2.94% |
| AT&T, Inc. | 2.42% |
| AbbVie, Inc. | 1.80% |
| Pfizer Investment Enterprises Pte. Ltd. | 1.73% |
| Broadcom, Inc. | 1.65% |
| Warnermedia Holdings, Inc. | 1.50% |
| Merck & Co., Inc. | 1.46% |
| Altria Group, Inc. | 1.45% |
| Comcast Corp. | 1.40% |
| International Business Machines Corp. | 1.37% |
SPXB Portfolio Allocation
Asset-class allocation of ProShares S&P 500 Bond ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.8% |
| Cash & Equivalents | 3.9% |
SPXB Performance
Total returns for SPXB (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 6.2% |
| 3 years (annualised) | -3.1% |
SPXB Risk Information
Risk metrics for SPXB, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.7%
SPXB Costs and Fees
SPXB costs about $15 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.15%
- Gross expense ratio: 0.15%
- Portfolio turnover: 86%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
SPXB Cashflows
Over the 12 months to 2024-02, ProShares S&P 500 Bond ETF had net outflows of $1.89M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-02 | $0 |
| 2024-01 | −$1.89M |
| 2023-12 | $0 |
| 2023-11 | $0 |
| 2023-10 | $0 |
| 2023-09 | $0 |
SPXB Debt Constituents
Largest debt holdings of ProShares S&P 500 Bond ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| AT&T, Inc. | 2.42% |
| AbbVie, Inc. | 1.80% |
| Pfizer Investment Enterprises Pte. Ltd. | 1.73% |
| Broadcom, Inc. | 1.65% |
| Warnermedia Holdings, Inc. | 1.50% |
| Merck & Co., Inc. | 1.46% |
| Altria Group, Inc. | 1.45% |
| Comcast Corp. | 1.40% |
| International Business Machines Corp. | 1.37% |
| Goldman Sachs Group, Inc. (The) | 1.24% |
SPXB Prospectus and SEC Filings
Official ProShares S&P 500 Bond ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-09-26
- Prospectus (485BPOS) — filed 2022-09-27
- Prospectus supplement (497) — filed 2022-02-01
- Portfolio holdings (N-PORT) — filed 2024-04-26
- Portfolio holdings (N-PORT) — filed 2024-01-25
- Portfolio holdings (N-PORT) — filed 2023-10-27
- Annual census (N-CEN) — filed 2023-08-11
- Annual census (N-CEN) — filed 2022-08-09
Related Funds
Other Long Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.