About FNPSX
The ProFunds Financials UltraSector Service Class is a leveraged mutual fund designed to provide investors with 1.5 times the daily performance of the S&P Financial Select Sector Index. Its primary purpose is to give amplified exposure to the U.S. financial services sector, including banks, insurance companies, capital markets, and other related industries. The fund achieves its leverage through the use of derivatives and other financial instruments, aiming to magnify gains as well as losses on a daily basis.
Holding a diversified mix of financial stocks, the fund’s largest positions often include leading institutions such as Berkshire Hathaway, JPMorgan Chase, Visa, and Bank of America, reflecting the sector’s broad influence in the U.S. economy. Since its inception in June 2000, this mutual fund has served as a tactical vehicle for investors seeking targeted, short-term exposure to financials, often for trading or hedging purposes. Its leveraged structure is best suited for those who understand the risks and complexities of amplified sector performance, making it significant for sophisticated strategies within the financial market landscape.
Fund Family ProFunds
Category Trading--Leveraged Equity
Performance Rating Low
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol FNPSX
Share Class Service Class
Index S&P 500 TR
FNPSX had a total return of -3.64% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.70%.
