RALSProShares RAFI Long/Short ETF
RALS Fund Description
RALS tracks an index that takes offsetting long and short positions in US equities based on fundamental factors: cash flow, dividends, sales and book value (long), and market-cap (short).
RALS Factset Analytics Insight
RALS is a true long-short equity fund, with equal dollar exposure to the long and short sides. The fund picks its winners (the long side) using long-term fundamental screens—cash flow, dividends, sales and book value. On the other hand, it takes a short position in the market-cap-weighted Russell 1000. In ETF terms, the exposure is therefore long PRF and short IWV. To be clear, RALS uses swaps and stocks aiming for offsetting 100% long, 100% short equity exposure. This approach typically produces very low beta to equities at large. On February 29, 2016, RALS switched indexes to the FTSE RAFI US 1000 Long/Short Index. The previous index focused on stocks with low RAFI scores on the short side.
RALS MSCI ESG Analytics Insight
ProShares RAFI Long/Short ETF has an MSCI ESG Fund Rating of A based on a score of 5.91 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ProShares RAFI Long/Short ETF ranks in the 43th percentile within its peer group and in the 55th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
RALS Portfolio Management
RALS Tax Exposures
RALS Fund Structure
RALS Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of RALS. RALS is rated a N/A out of 5.
RALS Asset Allocation