SPXB

The ProShares S&P 500 Bond ETF (SPXB) is an exchange-traded fund designed to track the performance of a portfolio of corporate bonds issued by companies within the S&P 500 universe. The ETF is managed by ProShares and trades under the ticker SPXB on NYSE Arca.

Classified as a fixed-income ETF with exclusive exposure to investment-grade corporate bonds issued by large U.S. companies, SPXB aims to reflect, before fees and expenses, the performance of the securities included in its benchmark index.

The fund follows a passive management strategy, replicating the ICE BofA S&P 500 Corporate Index, maintaining a portfolio structured to mirror the composition and methodology of the benchmark.

The methodology considers issuer characteristics, bond eligibility, and diversification across maturities and sectors. The index undergoes periodic reviews with additions, removals, and rebalancing reflected in the ETF’s holdings.

Composition / Exposure profile

SPXB provides exposure to the corporate credit market of large U.S. companies, including bonds issued by companies across sectors such as:

• Financials
• Information technology
• Industrials
• Health care
• Consumer discretionary
• Energy

This composition seeks to broadly represent key sectors of the U.S. economy within the corporate fixed-income market.

Structure and costs

SPXB shares trade on the secondary market on NYSE Arca during regular trading hours. Creation and redemption occur through authorized participants, helping maintain alignment between market price and net asset value.

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. SPXB may distribute income derived from interest payments generated by the bonds held in its portfolio.

History and evolution of the ETF

The ProShares S&P 500 Bond ETF was launched in 2020, during a period of increased investor demand for corporate fixed-income exposure linked to large-cap, high-credit-quality issuers.

Since inception, the fund has been used as a structured vehicle for accessing investment-grade corporate bond exposure tied to major U.S. companies.

In recent years, SPXB has reflected the Federal Reserve’s rate-hiking cycle, corporate credit repricing, changes in credit spreads, and investor demand for higher-quality fixed-income allocation.

Additional Information

ProShares S&P 500 Bond ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $9.13 Millions.

Over the past 12 months, ProShares S&P 500 Bond ETF recorded a return of 0.00%, with its price trading between $0.00 and $0.00 during the same period.

The ETF is traded under the ticker SPXB.