The ProShares S&P 500 Ex-Technology ETF (SPXT) is managed by ProShare Advisors and aims to replicate the performance of the S&P 500® Index while excluding companies from the Information Technology Sector. The S&P 500® is a widely recognized benchmark that measures the performance of large-cap U.S. stocks. It consists of 500 U.S. operating companies and real estate investment trusts selected based on criteria such as liquidity, market capitalization, and financial viability. The Index is constructed and maintained by S&P Dow Jones Indices LLC, using the Global Industry Classification Standards (GICS) to classify companies into sectors. As of June 30, 2021, the GICS includes sectors like Consumer Discretionary, Consumer Staples, Energy, Financials, Health care, Industrials, Materials, Communication Services, Real Estate, and Utilities.
While the primary objective of the ProShares S&P 500® Ex-Information Technology ETF (SPXT) is to mirror the performance of the S&P 500® Ex-Information Technology Index, it also reflects the dividend distribution of the underlying companies within this index. The ETF typically distributes dividends on a regular basis, and eligibility for these dividends depends on the dividend policies and performances of the constituent companies. Investors looking for exposure to a diverse range of large-cap U.S. stocks, excluding the Information Technology Sector, may consider SPXT for potential capital appreciation and dividend income.
Tracking the S&P 500® Index (excluding the Information Technology Sector) is the primary goal of the SPXT ETF. This exchange-traded fund aims to provide exposure to large-cap U.S. stock market performance by investing in securities that closely follow the S&P 500® Index. Comprising 500 U.S. operating companies and real estate investment trusts, the S&P 500® is a float-adjusted, market capitalization-weighted index selected through a comprehensive criteria-based process. The SPXT ETF uses a replication strategy to mimic the index's composition, striving to maintain consistent returns with the S&P 500® without regard to market conditions or trends. As of June 30, 2021, the ETF's holdings primarily represent sectors such as Consumer Discretionary, Consumer Staples, Energy, Financials, Health care, Industrials, Materials, Communication Services, Real Estate, and Utilities. This makes the SPXT ETF a suitable choice for investors seeking to mirror the performance of the S&P 500® Index while excluding the Information Technology Sector.
The correlation aspect of the ProShares S&P 500 Ex-Technology ETF (SPXT) is instrumental in understanding its behavior in relation to the broader U.S. equity market. As SPXT tracks the S&P 500 Index with the exception of the Information Technology Sector, its correlation with the overall market is expected to be strong, offering investors an opportunity for diversification and risk management within their portfolios. By analyzing SPXT's correlation with other assets and sectors, investors can gain valuable insights into broader market trends.
The SPXT Sector ETF primarily invests in securities designed to track the performance of the S&P 500® Index, excluding companies from the Information Technology Sector. The S&P 500® Index is a widely recognized benchmark for measuring the performance of large-cap U.S. stocks, consisting of 500 U.S. operating companies and real estate investment trusts. This ETF provides exposure to various sectors within the S&P 500®, such as Consumer Discretionary, Consumer Staples, Energy, Financials, Health care, Industrials, Materials, Communication Services, Real Estate, and Utilities, excluding Information Technology. It allows investors to diversify their portfolio while focusing on sectors that may offer growth opportunities, such as health care, consumer discretionary, financials, and communication services. Please refer to the Fund's Prospectus for more information regarding its investment objectives and strategies.
The exposure characteristic of the SPDR S&P 500 ex-Information Technology ETF (SPXT) is centered on providing investors with access to the S&P 500® Index, excluding companies within the Information Technology Sector. The S&P 500® is a benchmark for large-cap U.S. stock market performance, comprising 500 U.S. operating companies and real estate investment trusts. SPXT''s focus on sectors other than Information Technology allows investors to participate in the performance of various sectors, such as Consumer Discretionary, Consumer Staples, Energy, Financials, Health care, Industrials, Materials, Communication Services, Real Estate, and Utilities, providing diversification and exposure to a broad range of industries. To delve deeper into SPXT''s exposure and explore correlations, investors can utilize the ETF Insider web app, which offers comprehensive data visualization tools and insights for a better understanding of this ETF''s characteristics and potential benefits.
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