Access Flex Bear High Yield ProFund Investor Class (AFBIX)
| Fund Assets | 398.55K |
| Expense Ratio | 1.78% |
| Min. Investment | $15,000 |
| Turnover | 650.00% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 27.33 |
| YTD Return | -0.47% |
| 1-Year Return | -4.37% |
| 5-Year Return | -11.43% |
| 52-Week Low | 27.30 |
| 52-Week High | 29.94 |
| Beta (5Y) | n/a |
| Holdings | 9 |
| Inception Date | Apr 27, 2005 |
About AFBIX
Access Flex Bear High Yield ProFund Investor Class is an open-end mutual fund designed to offer inverse exposure to the high yield debt market. Its primary objective is to achieve investment results that generally correspond to the inverse of the total return of the high yield bond market, making it unique among fixed-income funds. This strategy means that the fund tends to rise in value when the high yield market declines, and vice versa, which distinguishes it as a specialized tool for investors seeking to hedge credit risk or express a bearish outlook on lower-rated corporate bonds. Actively managed since its inception in 2005, the fund falls under the category of miscellaneous trading or inverse debt instruments. It attracts attention from market participants looking for tactical allocations rather than long-term, income-driven investing, as it does not aim to generate dividend income and distributes capital gains annually. Its performance is determined by the daily inverse of the high-yield market index, resulting in higher expenses compared to traditional funds and making it more suitable for sophisticated investors with specific risk management or contrarian strategies in mind.
Performance
AFBIX had a total return of -4.37% in the past year, including dividends. Since the fund's inception, the average annual return has been -7.51%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| AFBSX | Service Class | 2.78% |
Top Holdings
38.19% of assets| Name | Symbol | Weight |
|---|---|---|
| HSBC SECURITIES (USA), INC. 4.02 , 11/03/2025 | n/a | 10.89% |
| SOCIETE' GENERALE 3.9 , 11/03/2025 | n/a | 10.01% |
| CREDIT AGRICOLE CIB NY 3.9 , 11/03/2025 | n/a | 5.44% |
| NATWEST MARKETS PLC TM 4 , 11/03/2025 | n/a | 5.44% |
| UMB FINANCIAL CORP. 3.82 , 11/03/2025 | n/a | 3.34% |
| ROYAL BANK OF CANADA 3.87 , 11/03/2025 | n/a | 2.99% |
| AFBIX_HYG_GOLDMAN | n/a | 0.07% |
| AFBIX_HYG_UBS | n/a | 0.01% |
| AFBIX_HYG_GOLDMAN | n/a | -0.00% |