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ProShares RAFI Long/Short (RALS)

33.18 -0.07 (-0.20%)
As of May 2 at 3:47 PM EDT. Market Open.

ETF Summary

The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index allocates an aggregate equal dollar amount to both long and short equity positions each time that the index rebalances. To be "long" means to hold or have long exposure to an asset with the expectation that its value will increase over time. The fund is non-diversified.

ETF Overview

Category Equity Market Neutral
Fund Family ProShares
Net Assets 6.65M
YTD Daily Total Return 7.67%
Yield 0.89%
Legal Type Exchange Traded Fund

ETF Operations

Attributes RALS Category Average
Annual Report Expense Ratio (net) 0.95% 1.81%
Holdings Turnover 0.00% 140.67%
Total Net Assets 0.00 0.00

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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