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ProShares Trust - ProShares RAFI Long/Short
ETF
RALS
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
RALS (ETF)
ProShares Trust - ProShares RAFI Long/Short
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
RALS (ETF)
ProShares Trust - ProShares RAFI Long/Short
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
Name
As of 05/03/2022Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$6.7 M
Holdings in Top 10
22.9%
52 WEEK LOW AND HIGH
$33.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 3.88%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 05/03/2022Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
RALS - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameProShares Trust - ProShares RAFI Long/Short
-
Fund Family NameProShares Trust
-
Inception DateN/A
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Neches
Fund Description
The Fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the Index.The Index is constructed and maintained by FTSE International Limited. The Index allocates an aggregate equal dollar amount to both long and short equity positions each time that the Index rebalances. This allocation is based on a comparison of Research Affiliates Fundamental Index® weightings with traditional market capitalization weightings. To be “long” means to hold or have long exposure to an asset with the expectation that its value will increase over time. To be “short” means to sell or have short exposure to an asset with the expectation that it will fall in value. The long position of the Index consists of the equity securities in the FTSE RAFI US 1000 Total Return Index (the “Long Index”), and the short position of the Index consists of the securities included in the Russell 1000 Total Return Index (the “Short Index”). The Long Index is a “fundamental” index which uses non-price measures of company size (such as sales, dividends, cash flow or book value) to select and weight the securities in the Long Index. The Short Index is a capitalization weighted index. Capitalization-weighted indexes weight securities based on the price of the securities in the index and not fundamental factors. The Index leverages a theory that index weighting based on market capitalization (i.e., price) results in overweighting of overpriced securities and underweighting of underpriced securities. By obtaining long exposure to a non-capitalization weighted “fundamental” index and short exposure to a market capitalization weighted index in an equal dollar amount, the Index seeks to deliver the difference in performance (outperformance or underperformance) between the fundamentally weighted index and the market capitalization weighted index. In general, when fundamental weighting is outperforming capitalization weighting, the Index, expects to have positive performance. When capitalization weighting is outperforming fundamental weighting, the Index and Fund expect to have negative performance. The Index is published under the Bloomberg ticker symbol “FR10LSTR.”The Fund will invest principally in the financial instruments set forth below. The Fund expects that its cash balances maintained in connection with the use of financial instruments will typically be held in money market instruments.•Equity Securities — The Fund invests in common stock issued by public companies.•Derivatives — The Fund invests in derivatives, which are financial instruments whose value is derived from the value of an underlying asset or assets, such as stocks, bonds, funds (including exchange-traded funds (“ETFs”)), interest rates or indexes. The Fund invests in derivatives as a substitute for investing directly in or taking short positions in the equity securities comprising the Index. These derivatives principally include:○Swap Agreements — Contracts entered into primarily with major global financial institutions for a specified period ranging from a day to more than one year. In a standard “swap” transaction, two parties agree to exchange the return (or differentials in rates of return) earned or realized on particular predetermined investments or instruments. The gross return to be exchanged or “swapped” between the parties is calculated with respect to a “notional amount,” e.g., the return on or change in value of a particular dollar amount invested in a “basket” of securities or an ETF representing a particular index.ProShare Advisors uses a mathematical approach to investing. Using this approach, ProShare Advisors determines the type, quantity and mix of investment positions that it believes, in combination, the Fund should hold to produce returns consistent with the Fund’s investment objective. The Fund may invest in or gain exposure to only a representative sample of the securities in the Index or to securities not contained in the Index or in financial instruments, with the intent of obtaining exposure with aggregate characteristics similar to those of the Index. In managing the assets of the Fund, ProShare Advisors does not invest the assets of the Fund in securities or financial instruments based on ProShare Advisors’ view of the investment merit of a particular security, instrument, or company, nor does it conduct conventional investment research or analysis or forecast market movement or trends. The Fund seeks to remain fully invested at all times in securities and/or financial instruments that, in combination, provide exposure to the returns of the Index without regard to market conditions, trends or direction.The Fund will concentrate (i.e., invest in securities that represent 25 percent or more of the value of the Index) or focus (i.e., invest in securities that represent a substantial portion of its value, but less than 25 percent) its investments in a particular industry or group of industries to approximately the same extent the Index is so concentrated or focused. As of May 31, 2021, the Index was not concentrated in an industry group, but was focused in the information technology and financials industry groups.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details.
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RALS - Performance
Return Ranking - Trailing
| Period | RALS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -11.6% | 15.8% | 19.00% |
| 1 Yr | N/A | -33.0% | 41.7% | 68.93% |
| 3 Yr | N/A* | -10.5% | 13.4% | 73.47% |
| 5 Yr | N/A* | -4.8% | 11.1% | 85.54% |
| 10 Yr | N/A* | -4.6% | 7.6% | 94.12% |
* Annualized
Return Ranking - Calendar
| Period | RALS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -31.7% | 23.2% | 86.73% |
| 2022 | N/A | -20.7% | 10.7% | 73.20% |
| 2021 | N/A | -12.4% | 14.7% | 77.78% |
| 2020 | N/A | -13.2% | 12.9% | 98.73% |
| 2019 | N/A | -11.7% | 7.9% | 31.43% |
Total Return Ranking - Trailing
| Period | RALS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -11.7% | 15.8% | 28.00% |
| 1 Yr | N/A | -33.0% | 41.7% | 63.11% |
| 3 Yr | N/A* | -10.5% | 13.4% | 72.45% |
| 5 Yr | N/A* | -4.8% | 11.1% | 81.93% |
| 10 Yr | N/A* | -4.6% | 7.6% | 94.12% |
* Annualized
Total Return Ranking - Calendar
| Period | RALS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -31.7% | 23.2% | 86.73% |
| 2022 | N/A | -20.7% | 10.7% | 73.20% |
| 2021 | N/A | -12.4% | 14.7% | 81.11% |
| 2020 | N/A | -12.7% | 12.9% | 98.73% |
| 2019 | N/A | -11.5% | 13.2% | 54.29% |
RALS - Holdings
Concentration Analysis
| RALS | Category Low | Category High | RALS % Rank | |
|---|---|---|---|---|
| Net Assets | 6.7 M | 105 K | 12.6 B | 95.19% |
| Number of Holdings | 996 | 5 | 2526 | 14.42% |
| Net Assets in Top 10 | 1.12 M | -619 M | 6.53 B | 94.23% |
| Weighting of Top 10 | 22.88% | 7.6% | 96.1% | N/A |
Top 10 Holdings
- Repurchase Agreement 5.14%
- Total Return Swap 5.08%
- Apple, Inc. 2.29%
- Exxon Mobil Corp. 1.94%
- Microsoft Corp. 1.63%
- Wells Fargo Co. 1.56%
- JPMorgan Chase Co. 1.40%
- Chevron Corp. 1.36%
- Bank of America Corp. 1.28%
- Berkshire Hathaway, Inc., Class B 1.20%
Asset Allocation
| Weighting | Return Low | Return High | RALS % Rank | |
|---|---|---|---|---|
| Stocks | 87.24% | -57.09% | 325.56% | 75.00% |
| Other | 12.07% | -11.90% | 43.69% | 74.04% |
| Cash | 0.69% | -225.56% | 102.75% | 2.88% |
| Preferred Stocks | 0.00% | 0.00% | 5.67% | 80.77% |
| Convertible Bonds | 0.00% | 0.00% | 95.47% | 85.58% |
| Bonds | 0.00% | -1.04% | 63.30% | 83.65% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RALS % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 66.28% | 29.03% |
| Technology | 0.00% | 0.00% | 100.00% | 58.06% |
| Real Estate | 0.00% | 0.00% | 93.91% | 21.51% |
| Industrials | 0.00% | 0.00% | 27.58% | 49.46% |
| Healthcare | 0.00% | 0.00% | 27.28% | 34.41% |
| Financial Services | 0.00% | 0.00% | 98.37% | 29.03% |
| Energy | 0.00% | 0.00% | 53.30% | 15.05% |
| Communication Services | 0.00% | 0.00% | 33.72% | 35.48% |
| Consumer Defense | 0.00% | 0.00% | 30.58% | 19.35% |
| Consumer Cyclical | 0.00% | 0.00% | 29.06% | 51.61% |
| Basic Materials | 0.00% | 0.00% | 42.74% | 47.31% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RALS % Rank | |
|---|---|---|---|---|
| US | 87.24% | -55.82% | 325.56% | 83.65% |
| Non US | 0.00% | -7.09% | 86.98% | 41.35% |
RALS - Expenses
Operational Fees
| RALS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 3.88% | 0.73% | 9.52% | 25.24% |
| Management Fee | 0.75% | 0.13% | 1.65% | 21.15% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.06% | 0.40% | N/A |
Sales Fees
| RALS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| RALS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| RALS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 30.00% | 483.00% | 1.12% |
RALS - Distributions
Dividend Yield Analysis
| RALS | Category Low | Category High | RALS % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 0.75% | 0.96% |
Dividend Distribution Analysis
| RALS | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| RALS | Category Low | Category High | RALS % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -2.49% | 4.20% | 13.59% |
Capital Gain Distribution Analysis
| RALS | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 30, 2022 | $0.057 | OrdinaryDividend |
| Dec 31, 2021 | $0.093 | OrdinaryDividend |
| Sep 29, 2021 | $0.074 | OrdinaryDividend |
| Jun 29, 2021 | $0.073 | OrdinaryDividend |
| Mar 30, 2021 | $0.110 | OrdinaryDividend |
| Dec 31, 2020 | $0.113 | OrdinaryDividend |
| Sep 30, 2020 | $0.101 | OrdinaryDividend |
| Jul 01, 2020 | $0.141 | OrdinaryDividend |
| Apr 01, 2020 | $0.135 | OrdinaryDividend |
| Jan 02, 2020 | $0.174 | OrdinaryDividend |
| Oct 02, 2019 | $0.199 | OrdinaryDividend |
| Jul 02, 2019 | $0.154 | OrdinaryDividend |
| Mar 27, 2019 | $0.130 | OrdinaryDividend |
| Jan 03, 2019 | $0.224 | OrdinaryDividend |
| Oct 03, 2018 | $0.206 | OrdinaryDividend |
| Jun 27, 2018 | $0.117 | OrdinaryDividend |
| Mar 28, 2018 | $0.119 | OrdinaryDividend |
| Jan 04, 2018 | $0.148 | OrdinaryDividend |
| Oct 05, 2017 | $0.177 | OrdinaryDividend |
| Jun 29, 2017 | $0.141 | OrdinaryDividend |
| Mar 30, 2017 | $0.092 | OrdinaryDividend |
| Dec 30, 2016 | $0.169 | OrdinaryDividend |
| Sep 29, 2016 | $0.133 | OrdinaryDividend |
| Jun 30, 2016 | $0.076 | OrdinaryDividend |
| Apr 01, 2016 | $0.290 | OrdinaryDividend |
| Dec 31, 2015 | $0.208 | OrdinaryDividend |
| Oct 01, 2015 | $0.185 | OrdinaryDividend |
| Jul 02, 2015 | $0.096 | OrdinaryDividend |
| Apr 02, 2015 | $0.136 | OrdinaryDividend |
| Dec 31, 2014 | $0.190 | OrdinaryDividend |
| Oct 02, 2014 | $0.133 | OrdinaryDividend |
| Jul 03, 2014 | $0.120 | OrdinaryDividend |
| Apr 01, 2014 | $0.099 | OrdinaryDividend |
| Dec 31, 2013 | $0.125 | OrdinaryDividend |
| Oct 01, 2013 | $0.067 | OrdinaryDividend |
| Jul 02, 2013 | $0.239 | OrdinaryDividend |
| Mar 26, 2013 | $0.065 | OrdinaryDividend |
| Jan 03, 2013 | $0.156 | OrdinaryDividend |
| Oct 01, 2012 | $0.104 | OrdinaryDividend |
| Jun 26, 2012 | $0.092 | OrdinaryDividend |
| Mar 27, 2012 | $0.106 | OrdinaryDividend |
| Dec 30, 2011 | $0.132 | OrdinaryDividend |
| Sep 27, 2011 | $0.105 | OrdinaryDividend |
| Jun 28, 2011 | $0.058 | OrdinaryDividend |
| Mar 29, 2011 | $0.046 | OrdinaryDividend |
| Dec 30, 2010 | $0.032 | OrdinaryDividend |
RALS - Fund Manager Analysis
Managers
Michael Neches
Start Date
Tenure
Tenure Rank
Oct 01, 2013
8.58
8.6%
Michael Neches joined ProShare Advisors in 2000, and presently serves as a Senior Portfolio Manager. He previously served as the Senior Portfolio Manager responsible for the company’s commodities desk for two years, as a Portfolio Manager and team lead, as an Associate Portfolio Manager and as a Portfolio Analyst. Mr. Neches earned a Bachelor of Science in Finance from the University of Maryland, College Park and an MBA from Georgetown University.
Tarak Davé
Start Date
Tenure
Tenure Rank
Apr 30, 2018
4.0
4.0%
Tarak Dave ProFund Advisors LLC: Portfolio Manager since March 2018, Associate Portfolio Manager from November 2015 to March 2018, Senior Portfolio Analyst from May 2014 to October 2015 and Portfolio Analyst from April 2011 to April 2014.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.59 | 6.3 | 9.42 |
