About MGPIX
ProFunds Mid Cap Growth Fund Investor Class is an open-end mutual fund focused on delivering investment results that, before fees and expenses, closely track the performance of the S&P MidCap 400 Growth Index. This index is designed to measure the growth segment of mid-sized U.S. companies, selecting constituents based on metrics such as sales growth, earnings growth relative to price, and momentum. These firms typically feature market capitalizations ranging from approximately $2 billion to $26.7 billion, representing dynamic industries like industrials, technology, consumer cyclical, and basic materials. The fund primarily invests in common stocks that are included in the index or have similar economic characteristics, providing exposure to a diversified basket of mid-cap growth equities. With an emphasis on companies demonstrating above-average growth potential, the fund plays a significant role for investors seeking to capture the performance of the U.S. mid-cap growth sector within their portfolios. Its strategy, which involves annual and quarterly index rebalancing, aims to maintain alignment with evolving growth trends in the mid-cap segment of the market.
Fund Family ProFunds
Category Mid-Cap Growth
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol MGPIX
Share Class Investor Class
Index S&P MidCap 400 Growth Total Return Index
MGPIX had a total return of 13.79% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.53%.
