Overview
Every S&P 500 company with 25+ consecutive years of dividend increases, equally weighted — the strictest dividend-growth screen in the index world.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| — | ~68 Aristocrats, equal ~1.5% weights | |
| CAT | Caterpillar | ~1.6% |
| ABBV | AbbVie | ~1.6% |
| LOW | Lowe's | ~1.5% |
| TGT | Target | ~1.5% |
| KO | Coca-Cola | ~1.5% |
Fund Details
Investment Thesis
Twenty-five consecutive years of increases is survivorship at its most brutal: a company must have raised its payout through the dot-com bust, the financial crisis and the pandemic to qualify. NOBL equal-weights the survivors, so no single giant dominates and the mid-cap aristocrats matter as much as the household names. It reliably lags euphoric markets and earns its 0.35% fee in the down years, when aristocrats' drawdowns run structurally shallower.
Who It's For
Long-horizon income growers and inheritance-minded investors who value payout reliability over yield size — the Aristocrats' average yield is modest; the growth of it is the point.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $21.56 | -- |
| 2017 | $26.20 | +21.5% |
| 2018 | $25.28 | -3.5% |
| 2019 | $32.23 | +27.5% |
| 2020 | $34.97 | +8.5% |
| 2021 | $44.06 | +26.0% |
| 2022 | $41.20 | -6.5% |
| 2023 | $44.49 | +8.0% |
| 2024 | $47.83 | +7.5% |
| 2025 | $53.33 | +11.5% |
| Year | Yield |
|---|---|
| 2016 | 1.90% |
| 2017 | 1.90% |
| 2018 | 2.00% |
| 2019 | 2.10% |
| 2020 | 2.20% |
| 2021 | 2.50% |
| 2022 | 2.20% |
| 2023 | 2.10% |
| 2024 | 2.00% |
| 2025 | 2.04% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $2.0B | -- |
| 2017 | $2.4B | +20.0% |
| 2018 | $3.0B | +25.0% |
| 2019 | $3.6B | +20.0% |
| 2020 | $4.4B | +22.2% |
| 2021 | $5.4B | +22.7% |
| 2022 | $6.5B | +20.4% |
| 2023 | $8.0B | +23.1% |
| 2024 | $9.7B | +21.2% |
| 2025 | $12B | +23.7% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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