SPXN
ProShares S&P 500 Ex-Financials ETF
📎 Investment Objective
The ProShares S&P 500 Ex-Financials ETF (SPXN) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the S&P 500 Ex-Financials Index.
Overview
ETF tracking ProShares S&P 500 Ex-Financials ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The ProShares S&P 500 Ex-Financials ETF (SPXN) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the S&P 500 Ex-Financials Index.
🎯 Investment Strategy
The fund invests in a portfolio of securities that seeks to track the performance of the S&P 500 Ex-Financials Index, which measures the performance of the S&P 500 constituents excluding those from the financials sector.
✨ Key Features
- Provides exposure to the large-cap U.S. equity market, excluding the financials sector
- Seeks to track the performance of the S&P 500 Ex-Financials Index
- Low expense ratio of 0.00%
- Suitable for investors seeking broad market exposure with reduced financials concentration
⚠️ Primary Risks
- Market risk: The value of the fund's shares will fluctuate with changes in the value of the underlying securities
- Sector concentration risk: The fund's performance may be more volatile than the performance of a more diversified fund due to the fund's greater concentration in a particular sector
- Tracking error risk: The fund may not perfectly track the performance of its underlying index
- Liquidity risk: The fund may experience difficulty in buying or selling securities at a favorable price
👤 Best For
This ETF may be suitable for long-term investors seeking broad exposure to the large-cap U.S. equity market with reduced financials sector concentration. It may be particularly appealing to investors who want to avoid the potential risks associated with the financials sector while still maintaining broad market exposure.