ProShares Large Cap Core Plus

CSM

Market cap $516M

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of Cooperativa de Seguros Múltiples de Puerto Rico (CSM) (San Juan, PR). The outlook of these Credit Ratings (ratings) has been revised to stable from positive. The ratings reflect CSM's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limi.

ProShares Large Cap Core Plus ETF (CSM) employs a 130/30 strategy, targeting large-cap U.S. stocks with a multi-factor model. CSM's portfolio holds 302 stocks and 5 swap contracts, and has value characteristics. CSM has underperformed the S&P 500 since 2009, with slightly higher risk metrics.