RAFI Long/Short - RALS RAFI Long/Short

ProShares RAFI® Long/Short seeks investment results, before fees and expenses, that track the performance of the FTSE RAFI US 1000 Long/Short Total Return Index.

  • Can serve as a valuable component of an alternative asset allocation in a well-balanced core portfolio.
  • Seeks to isolate the potential for outperformance of the RAFI fundamental methodology by taking long positions in the RAFI US 1000 Index and short positions in the market-cap weighted Russell 1000 Index.
  • Allocates equal dollar amounts to both long and short equity positions.
  • Visit Alternatives University to learn about the role of alternative investments in a portfolio.

Index/Benchmark Summary

The index allocates an aggregate equal dollar amount to both long and short equity positions. The long equity positions consist of securities in the FTSE RAFI US 1000 Total Return Index, and the short equity positions consist of securities in the Russell 1000 Total Return Index. By going long a "fundamental" index and short a market cap index, the index seeks to provide an alternative to traditional market cap weighting. The index is rebalanced monthly.

As of 11/30/17

Fundamentals

Price/Sales
Ratio
Price/Cash Flow
Ratio
Price/Book
Ratio
Dividend Yield 1
(%)
Average Index Market
Capitalization
Long Short Long Short Long Short Long Short Long Short
1.418 2.16 10.14 12.80 2.67 3.24 2.27 1.85 $26.51 billion $28 billion
1 = Derivative contracts are priced to reflect the underlying index yield and will not generate dividend income. Because ProShares invest in derivatives, they will not have dividend distributions that reflect those of their applicable indexes.

Top 10 Index Companies (Long) Weight
Exxon Mobil Corporation 2.68%
Apple Inc. 2.38%
JPMorgan Chase & Co 1.96%
Chevron 1.95%
Microsoft Corp 1.61%
AT&T 1.54%
Wells Fargo & Company 1.48%
Citigroup 1.45%
Wal-Mart Stores 1.38%
Bank of America 1.37%
Index Sector Weightings (Long)2
Financials 22.81%
Industrials 12.34%
Technology 12.31%
Consumer Services 12.07%
Oil & Gas 10.16%
Health Care 10.06%
Consumer Goods 9.22%
Utilities 5.07%
Telecommunications 3.06%
Basic Materials 2.89%
Top 10 Index Companies (Short) Weight
Alphabet Class A -1.22%
Alphabet Class C -1.22%
Exxon Mobil Corp -1.40%
JPMorgan Chase & Co -1.47%
Berkshire Hathaway B -1.47%
Johnson & Johnson -1.49%
Facebook Class A -1.64%
Amazon.Com -1.85%
Microsoft Corp -2.50%
Apple Inc. -3.55%
Index Sector Weightings (Short)2
Telecommunications -1.86%
Basic Materials -2.54%
Utilities -3.17%
Oil & Gas -5.62%
Consumer Goods -9.10%
Health Care -12.60%
Industrials -12.65%
Consumer Services -12.81%
Technology -19.50%
Financials -20.14%

2 = Sum of weightings may not equal 100% due to rounding.


Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index.

Investing involves risk, including the possible loss of principal. ProShares ETFs are generally non-diversified and each entails certain risks, which may include risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance. Short positions lose value as security prices increase. Leverage can increase market exposure and magnify investment risk. These risks can increase volatility and decrease performance. Please see their summary and full prospectuses for a more complete description of risks.

London Stock Exchange Group companies includes FTSE International Limited ("FTSE"), Frank Russell Company ("Russell"), MTS Next Limited ("MTS"), and FTSE TMX Global Debt Capital Markets Inc. ("FTSE TMX"). All rights reserved. "FTSE®", "Russell®", "MTS®", "FTSE TMX®" and "FTSE Russell" and other service marks and trademarks related to the FTSE or Russell indexes are trademarks of the London Stock Exchange Group companies ("LSEG") and are used by FTSE, MTS, FTSE TMX and Russell under license. All rights in the FTSE RAFI US 1000 Long/Short Total Return Index (the "Index") vest in FTSE International Limited ("FTSE"). ProShares RAFI Long/Short (the "ETF") has been developed solely by ProShares. The Index is calculated by FTSE or its agent. The ETF has not been passed on by LSEG or its affiliates as to its legality or suitability. LSEG and its licensors are not connected to and do not sponsor, advise, recommend, endorse or promote the ETF and do not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the ETF. LSEG makes no claim, prediction, warranty or representation either as to the results to be obtained from the ETF or the suitability of the Index for the purpose to which it is being put by ProShares. LSEG neither has nor will provide any advice or recommendation in relation to the Index. Neither LSEG nor its affiliates guarantee that the Index has been accurately calculated and no party shall have any liability for any error in such calculation.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

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