ProFunds Financials UltraSector Fund Investor Class (FNPIX)
| Fund Assets | 26.95M |
| Expense Ratio | 1.76% |
| Min. Investment | $15,000 |
| Turnover | 178.00% |
| Dividend (ttm) | 0.90 |
| Dividend Yield | 1.92% |
| Dividend Growth | 1,091.44% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 30, 2024 |
| Previous Close | 46.23 |
| YTD Return | 11.26% |
| 1-Year Return | 36.55% |
| 5-Year Return | 188.37% |
| 52-Week Low | 33.39 |
| 52-Week High | 46.32 |
| Beta (5Y) | 1.47 |
| Holdings | 83 |
| Inception Date | Jun 19, 2000 |
About FNPIX
The ProFunds Financials UltraSector Fund Investor Class is a leveraged mutual fund designed to deliver one and one-half times (1.5x) the daily performance of the financial sector as represented by a benchmark index, typically the S&P Financial Select Sector Index. This fund primarily targets exposure to U.S. financial services companies, encompassing banks, insurance firms, mortgage real estate investment trusts (REITs), and capital markets institutions. To achieve its daily investment objective, the fund invests in a mix of equity securities and derivatives, such as swaps, allowing for leveraged returns that are recalibrated each trading day. The strategy makes the fund a distinctive tool for investors and traders seeking amplified daily movements in the financial sector, rather than long-term buy-and-hold exposure. With a semi-annual dividend payout and a relatively high expense ratio, the fund plays a specialized role in the broader market as a vehicle for tactical exposure and short-term trading within the dynamic financial industry.
Performance
FNPIX had a total return of 36.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.21%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| FNPSX | Service Class | 2.76% |
Top 10 Holdings
58.13% of assets| Name | Symbol | Weight |
|---|---|---|
| Berkshire Hathaway Inc. | BRK.B | 12.20% |
| JPMorgan Chase & Co. | JPM | 8.54% |
| Visa Inc. | V | 7.43% |
| SOCIETE' GENERALE 4.23 , 5/01/2025 | n/a | 6.86% |
| HSBC SECURITIES (USA), INC. 4.28 , 5/01/2025 | n/a | 6.50% |
| Mastercard Incorporated | MA | 5.57% |
| Bank of America Corporation | BAC | 3.30% |
| Wells Fargo & Company | WFC | 2.92% |
| CREDIT AGRICOLE CIB NY 4.24 , 5/01/2025 | n/a | 2.46% |
| NATWEST MARKETS PLC 4.23 , 5/01/2025 | n/a | 2.36% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2024 | $0.2041 | Dec 31, 2024 |
| Dec 27, 2024 | $0.69818 | Dec 30, 2024 |
| Dec 28, 2023 | $0.07573 | Dec 29, 2023 |
| Dec 30, 2019 | $0.46107 | Dec 30, 2019 |
| Dec 30, 2008 | $0.1019 | Dec 30, 2008 |
| Dec 27, 2007 | $0.3428 | Dec 27, 2007 |