ProFunds UltraShort Mid-Cap Fund Investor Class (UIPIX)

19.73
Net Asset Value
+0.92%
1 Day
-15.79%
Year-to-Date
Overall Morningstar Rating
Bear market
Style or Category
No Load
Sales Expenses
2.95%
Expense Ratio
--
Morningstar Risk Rating™
Investment Objective The investment seeks daily investment results- before fees and expenses- that correspond to two times the inverse (-2x) of the daily performance of the S&P MidCap 400-. The fund invests in derivatives that ProFund Advisors believes- in combination- should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. It is a float-adjusted- market capitalization-weighted index of 400 U.S. operating companies and real estate investment trusts selected through a mechanical process that factors in criteria such as liquidity- price- market capitalization and financial viability. It is non-diversified.

Performance

1 month+0.25% 3 years-28.38%
3 months-4.55% 5 years-25.06%
1 year-27.78% Since inception-26.95%
Data through --

Peer Comparisonvs. Bear market

 UIPIXCategory
Performance 5-yr return-25.06%-21.22%
Expense ratio2.95%2.17%
Risk 5 year sharpe ratio-1.44-1.36
Net assets$2.3M$88.2M
Average market cap--$51.6B
Average P/E--14.3
Portfolio turnover----

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyProFunds
Fund manager & tenureMichael Neches / 4 Years
Minimal initial investment$15,000.00
Minimum IRA investment--

Holdings

Cash98.08%
Fixed income1.92%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Financial service 18.06%
Industrial materials 14.97%
Healthcare 12.34%
Business service 11.01%
Consumer service 10.98%
Top 10 Holdings
Portfolio weighting
Holdings not available.