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Critical Facts You Need to Know About Preferred Stocks
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ProShares Large Cap Core Plus
ETF
CSM
Payout Change
Pending
Price as of:
$67.4539
+0.53
+0.8%
primary theme
U.S. Large-Cap Blend Equity
CSM (ETF)
ProShares Large Cap Core Plus
Payout Change
Pending
Price as of:
$67.4539
+0.53
+0.8%
primary theme
U.S. Large-Cap Blend Equity
CSM (ETF)
ProShares Large Cap Core Plus
Payout Change
Pending
Price as of:
$67.4539
+0.53
+0.8%
primary theme
U.S. Large-Cap Blend Equity
Name
As of 11/21/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
23.1%
1 yr return
31.4%
3 Yr Avg Return
8.4%
5 Yr Avg Return
13.8%
Net Assets
$434 M
Holdings in Top 10
26.3%
52 WEEK LOW AND HIGH
$66.9
$51.73
$68.28
Expenses
OPERATING FEES
Expense Ratio 0.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/21/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
CSM - Profile
Distributions
- YTD Total Return 23.1%
- 3 Yr Annualized Total Return 8.4%
- 5 Yr Annualized Total Return 13.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.10%
- Dividend Yield 1.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameProShares Large Cap Core Plus
-
Fund Family NameProShares Trust
-
Inception DateJul 14, 2009
-
Shares Outstanding9560000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Neches
Fund Description
The Fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the Index.The Index is designed to replicate a “130/30” investment strategy by establishing either long or short positions in 500 of the leading large-cap U.S. companies (the “Universe”) based on a multi-factor model. A 130/30 investment strategy seeks to provide total long exposure of 130% to companies expected to increase in value and total short 30% exposure to companies expected to decline in value.Each company in the Universe is scored based on 10 factors that the index provider believes indicate whether a company will increase or decrease in value: 1) Traditional Value; 2) Relative Value; 3) Historical Growth; 4) Expected Growth; 5) Profit Trends; 6) Accelerating Sales; 7) Earnings Momentum; 8) Price Momentum; 9) Price Reversal; and 10) Small Size.The long portion of the Index consists of the companies with a positive score. Companies are then weighted from highest to lowest score.The short portion of the Index consists of the companies with a negative score. Companies are then weighted from lowest to highest score.The Index and the sub-indexes representing the long and short portion of the Index are constructed and maintained by Credit Suisse Securities (USA) LLC. More information about the Index can be found using the Bloomberg ticker symbol “CS13030.” More information about the long portion of the Index and the short portion of the Index can be found using the Bloomberg ticker symbols “CS130L” and “CS130S.”Under normal circumstances, the Fund will invest at least 80% of its total assets in components of the Index or in instruments with similar economic characteristics.The Fund will invest principally in the financial instruments listed below.●Equity Securities — Common stock issued by public companies.●Derivatives — Financial instruments whose value is derived from the value of an underlying asset or assets, such as stocks, bonds, ETFs, interest rates or indexes. The Fund invests in derivatives in order to gain exposure to the Index. These derivatives principally include:○Swap Agreements — Contracts entered into primarily with major global financial institutions for a specified period ranging from a day to more than one year. In a standard swap transaction, two parties agree to exchange or “swap” payments based on the change in value of an underlying asset or benchmark. For example, two parties may agree to exchange the return (or differentials in rates of returns) earned or realized on a particular investment or instrument.ProShare Advisors uses a mathematical approach to investing in which it determines the type, quantity and mix of investment positions that it believes, in combination, the Fund should hold to produce returns consistent with its investment objective. The Fund seeks to remain fully invested at all times in financial instruments that, in combination, provide exposure consistent with the investment objective, without regard to market conditions, trends or direction. The Fund may also invest in or gain exposure to only a representative sample of the securities in the Index or to securities not contained in the Index or in financial instruments, with the intent of obtaining exposure consistent with the investment objective.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details.
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CSM - Performance
Return Ranking - Trailing
| Period | CSM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 23.1% | 3.5% | 44.2% | 53.81% |
| 1 Yr | 31.4% | 6.0% | 54.8% | 44.05% |
| 3 Yr | 8.4%* | -12.1% | 15.9% | 48.80% |
| 5 Yr | 13.8%* | -8.1% | 109.9% | 55.85% |
| 10 Yr | 11.8%* | -0.4% | 52.4% | 45.17% |
* Annualized
Return Ranking - Calendar
| Period | CSM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.0% | -42.6% | 47.4% | 34.07% |
| 2022 | -19.3% | -56.3% | -4.2% | 27.15% |
| 2021 | 32.0% | -27.2% | 537.8% | 1.08% |
| 2020 | 9.3% | -22.5% | 2181.7% | 64.97% |
| 2019 | 27.3% | -13.5% | 40.4% | 25.68% |
Total Return Ranking - Trailing
| Period | CSM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 23.1% | 3.5% | 44.2% | 53.81% |
| 1 Yr | 31.4% | 6.0% | 54.8% | 44.05% |
| 3 Yr | 8.4%* | -12.1% | 15.9% | 48.80% |
| 5 Yr | 13.8%* | -8.1% | 109.9% | 55.85% |
| 10 Yr | 11.8%* | -0.4% | 52.4% | 45.17% |
* Annualized
Total Return Ranking - Calendar
| Period | CSM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 23.5% | -5.0% | 47.4% | 53.95% |
| 2022 | -18.3% | -36.8% | -2.2% | 52.42% |
| 2021 | 33.1% | 3.0% | 537.8% | 3.67% |
| 2020 | 10.9% | -15.8% | 2266.0% | 85.47% |
| 2019 | 29.3% | -0.4% | 241.3% | 57.26% |
CSM - Holdings
Concentration Analysis
| CSM | Category Low | Category High | CSM % Rank | |
|---|---|---|---|---|
| Net Assets | 434 M | 2.34 M | 1.55 T | 70.51% |
| Number of Holdings | 320 | 2 | 3963 | 25.02% |
| Net Assets in Top 10 | 122 M | 880 K | 517 B | 75.71% |
| Weighting of Top 10 | 26.31% | 0.3% | 112.9% | 91.84% |
Top 10 Holdings
- Apple, Inc. 4.84%
- NVIDIA Corp. 4.71%
- Microsoft Corp. 4.61%
- Total Return Swap 3.42%
- Amazon.com, Inc. 2.38%
- Meta Platforms, Inc., Class A 1.55%
- Broadcom, Inc. 1.34%
- Alphabet, Inc., Class A 1.25%
- Eli Lilly Co. 1.18%
- Berkshire Hathaway, Inc., Class B 1.03%
Asset Allocation
| Weighting | Return Low | Return High | CSM % Rank | |
|---|---|---|---|---|
| Stocks | 97.84% | 0.00% | 105.85% | 74.57% |
| Cash | 1.31% | 0.00% | 99.07% | 38.99% |
| Other | 0.85% | -13.91% | 100.00% | 10.48% |
| Preferred Stocks | 0.00% | 0.00% | 2.53% | 53.13% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 50.45% |
| Bonds | 0.00% | 0.00% | 94.06% | 54.35% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CSM % Rank | |
|---|---|---|---|---|
| Technology | 20.82% | 0.00% | 48.94% | 70.80% |
| Healthcare | 14.05% | 0.00% | 52.29% | 63.28% |
| Financial Services | 12.41% | 0.00% | 55.59% | 76.18% |
| Consumer Cyclical | 12.26% | 0.00% | 30.33% | 16.87% |
| Industrials | 8.99% | 0.00% | 29.90% | 50.29% |
| Communication Services | 7.85% | 0.00% | 27.94% | 60.05% |
| Real Estate | 6.53% | 0.00% | 31.91% | 3.14% |
| Consumer Defense | 5.58% | 0.00% | 47.71% | 79.82% |
| Energy | 5.21% | 0.00% | 41.64% | 19.77% |
| Utilities | 3.59% | 0.00% | 20.91% | 16.63% |
| Basic Materials | 2.70% | 0.00% | 25.70% | 44.17% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CSM % Rank | |
|---|---|---|---|---|
| US | 97.84% | 0.00% | 105.85% | 61.58% |
| Non US | 0.00% | 0.00% | 64.54% | 59.95% |
CSM - Expenses
Operational Fees
| CSM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.45% | 0.01% | 19.75% | 77.02% |
| Management Fee | 0.45% | 0.00% | 1.90% | 42.37% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| CSM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| CSM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| CSM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 268.00% | 68.09% |
CSM - Distributions
Dividend Yield Analysis
| CSM | Category Low | Category High | CSM % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.98% | 0.00% | 25.47% | 59.12% |
Dividend Distribution Analysis
| CSM | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| CSM | Category Low | Category High | CSM % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.10% | -54.00% | 2.44% | 26.80% |
Capital Gain Distribution Analysis
| CSM | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 25, 2024 | $0.165 | OrdinaryDividend |
| Jun 26, 2024 | $0.174 | OrdinaryDividend |
| Mar 20, 2024 | $0.146 | OrdinaryDividend |
| Dec 20, 2023 | $0.209 | OrdinaryDividend |
| Sep 20, 2023 | $0.145 | OrdinaryDividend |
| Jun 21, 2023 | $0.147 | OrdinaryDividend |
| Mar 22, 2023 | $0.142 | OrdinaryDividend |
| Dec 22, 2022 | $0.204 | OrdinaryDividend |
| Sep 21, 2022 | $0.141 | OrdinaryDividend |
| Jun 22, 2022 | $0.139 | OrdinaryDividend |
| Mar 23, 2022 | $0.133 | OrdinaryDividend |
| Dec 23, 2021 | $0.142 | OrdinaryDividend |
| Sep 22, 2021 | $0.089 | OrdinaryDividend |
| Jun 22, 2021 | $0.096 | OrdinaryDividend |
| Mar 23, 2021 | $0.106 | OrdinaryDividend |
| Dec 23, 2020 | $0.141 | OrdinaryDividend |
| Sep 23, 2020 | $0.108 | OrdinaryDividend |
| Jun 24, 2020 | $0.121 | OrdinaryDividend |
| Mar 25, 2020 | $0.140 | OrdinaryDividend |
| Dec 24, 2019 | $0.160 | OrdinaryDividend |
| Sep 25, 2019 | $0.133 | OrdinaryDividend |
| Jun 25, 2019 | $0.154 | OrdinaryDividend |
| Mar 20, 2019 | $0.099 | OrdinaryDividend |
| Dec 26, 2018 | $0.150 | OrdinaryDividend |
| Sep 26, 2018 | $0.124 | OrdinaryDividend |
| Jun 20, 2018 | $0.111 | OrdinaryDividend |
| Mar 21, 2018 | $0.084 | OrdinaryDividend |
| Dec 26, 2017 | $0.112 | OrdinaryDividend |
| Sep 27, 2017 | $0.134 | OrdinaryDividend |
| Jun 21, 2017 | $0.095 | OrdinaryDividend |
| Mar 22, 2017 | $0.087 | OrdinaryDividend |
| Dec 21, 2016 | $0.122 | OrdinaryDividend |
| Sep 21, 2016 | $0.096 | OrdinaryDividend |
| Jun 22, 2016 | $0.090 | OrdinaryDividend |
| Mar 23, 2016 | $0.105 | OrdinaryDividend |
| Dec 22, 2015 | $0.137 | OrdinaryDividend |
| Sep 23, 2015 | $0.100 | OrdinaryDividend |
| Jun 24, 2015 | $0.081 | OrdinaryDividend |
| Mar 25, 2015 | $0.095 | OrdinaryDividend |
| Dec 22, 2014 | $0.107 | OrdinaryDividend |
| Sep 24, 2014 | $0.082 | OrdinaryDividend |
| Jun 25, 2014 | $0.079 | OrdinaryDividend |
| Mar 26, 2014 | $0.083 | OrdinaryDividend |
| Dec 24, 2013 | $0.090 | OrdinaryDividend |
| Sep 25, 2013 | $0.066 | OrdinaryDividend |
| Jun 26, 2013 | $0.072 | OrdinaryDividend |
| Mar 20, 2013 | $0.041 | OrdinaryDividend |
| Dec 26, 2012 | $0.052 | OrdinaryDividend |
| Sep 25, 2012 | $0.011 | OrdinaryDividend |
| Mar 21, 2012 | $0.037 | OrdinaryDividend |
| Dec 23, 2011 | $0.018 | OrdinaryDividend |
| Sep 21, 2011 | $0.041 | OrdinaryDividend |
| Jun 22, 2011 | $0.028 | OrdinaryDividend |
| Mar 23, 2011 | $0.056 | OrdinaryDividend |
| Sep 21, 2010 | $0.012 | OrdinaryDividend |
| Jun 22, 2010 | $0.032 | OrdinaryDividend |
| Mar 24, 2010 | $0.005 | OrdinaryDividend |
| Dec 23, 2009 | $0.032 | OrdinaryDividend |
| Sep 24, 2009 | $0.022 | OrdinaryDividend |
CSM - Fund Manager Analysis
Managers
Michael Neches
Start Date
Tenure
Tenure Rank
Oct 01, 2013
8.67
8.7%
Michael Neches joined ProShare Advisors in 2000, and presently serves as a Senior Portfolio Manager. He previously served as the Senior Portfolio Manager responsible for the company’s commodities desk for two years, as a Portfolio Manager and team lead, as an Associate Portfolio Manager and as a Portfolio Analyst. Mr. Neches earned a Bachelor of Science in Finance from the University of Maryland, College Park and an MBA from Georgetown University.
Tarak Davé
Start Date
Tenure
Tenure Rank
Apr 30, 2018
4.09
4.1%
Tarak Dave ProFund Advisors LLC: Portfolio Manager since March 2018, Associate Portfolio Manager from November 2015 to March 2018, Senior Portfolio Analyst from May 2014 to October 2015 and Portfolio Analyst from April 2011 to April 2014.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.24 | 2.42 |
