Access Flex Bear High Yield ProFund Service Class (AFBSX)
| Fund Assets | 398.55K |
| Expense Ratio | 2.78% |
| 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 | 22.44 |
| YTD Return | -0.66% |
| 1-Year Return | -5.40% |
| 5-Year Return | -15.73% |
| 52-Week Low | 22.42 |
| 52-Week High | 24.79 |
| Beta (5Y) | -0.41 |
| Holdings | 9 |
| Inception Date | Apr 27, 2005 |
About AFBSX
Access Flex Bear High Yield ProFund Service Class is an actively managed mutual fund designed to deliver investment results that closely correspond to the inverse of the total return of the high yield bond market. Its primary purpose is to provide investors with a tool for seeking profit or potential risk mitigation when high yield (junk) bonds decline in value. The fund achieves this by employing strategies that produce returns inverse to a benchmark representing the high yield fixed-income market. Notably, this fund is classified in the "inverse debt" category, which means it is structured to move in the opposite direction of its designated high yield bond index. This characteristic makes it relevant for hedging credit risk during periods of anticipated stress in speculative-grade fixed income or for investors with a negative outlook on high yield bonds. Launched in 2005 by ProFunds, the fund targets financial professionals and sophisticated investors who understand inverse relationship mechanics in debt markets. The asset plays a niche but significant role, offering a specialized alternative to traditional high yield bond funds by allowing market participants to navigate or hedge credit cycles, volatility, and downturns within the broader high yield sector.
Performance
AFBSX had a total return of -5.40% in the past year, including dividends. Since the fund's inception, the average annual return has been -8.46%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| AFBIX | Investor Class | 1.78% |
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% |