ProShares RAFI Long/Short

Frequently Asked Questions About RALS

What does RALS invest in?

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.

What is the expense ratio of RALS?

ProShares RAFI Long/Short (RALS) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

How big is RALS?

ProShares RAFI Long/Short (RALS) manages $6.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is RALS actively managed or an index fund?

RALS's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was RALS launched?

ProShares RAFI Long/Short (RALS) launched in December 2010 and is managed by ProShares.

How has RALS performed?

RALS's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.