ProShares S&P 500 ex-Energy ETF (SPXE) seeks investment results that correspond to the performance of the S&P 500 Ex-Energy Index, a market cap-weighted index of U.S. large- and mid-cap stocks excluding companies classified in the GICS energy sector; the fund holds approximately 481 companies with top holdings including NVIDIA Corp., Apple Inc., and Microsoft Corp. SPXE provides investors with tailored exposure to the broad U.S. equity market without energy sector volatility, featuring a net expense ratio of 0.09%, quarterly distributions, and options availability; it trades on NYSE Arca with a CUSIP of 74347B581 and calculates NAV at 4:00 p.m. ET. Launched on September 22, 2015, SPXE is managed by ProShares, an ETF provider headquartered in Bethesda, Maryland, that operates primarily in the United States and offers a wide range of strategic, leveraged, inverse, and thematic funds targeting institutional and retail investors seeking risk management and enhanced returns.
ProShares, the issuer, manages over $95 billion in ETF and mutual fund assets as of September 2025 and continues to expand its product lineup, including the June 2025 launch of groundbreaking Dynamic Buffer ETFs that adapt daily to market volatility; in August 2025, it introduced leveraged ETFs targeting 2x daily returns of Solana and XRP, and in October 2025, launched its first interval fund focused on private equity strategies such as buyouts and growth equity. Recent strategic enhancements include three key distribution hires in September 2025 to bolster national sales to financial advisors, alongside opening a new office in New York’s Hudson Yards and surpassing $100 billion in assets under management in October 2025, reflecting accelerated growth amid demand for innovative ETF strategies. No major acquisitions, funding rounds, or reorganizations specific to SPXE have occurred in the last 1-2 years, with the fund maintaining stable operations amid ProShares' broader expansions into crypto-linked, high-income, and interest rate-hedged products.