About MLPIX
ProFunds Mid Cap Value Fund Investor Class is a mutual fund that targets mid-capitalization U.S. companies exhibiting value characteristics. The fund’s primary objective is to deliver daily investment results, before fees and expenses, that correspond to the performance of the S&P MidCap 400 Value Index. This benchmark consists of U.S. mid-sized firms recognized for lower price-to-book ratios and other traditional value metrics, providing investors exposure to the value segment within the mid-cap equity market.
With a broadly diversified portfolio spanning over 300 holdings, the fund invests across several sectors, including financial services, real estate, healthcare, consumer defensive, industrials, and energy. Its top holdings include companies such as Fidelity National Financial, Reinsurance Group of America, and Tenet Healthcare, reflecting a focus on established businesses with perceived upside based on value factors.
The fund is designed for investors seeking capital preservation and appreciation through disciplined exposure to mid-cap value stocks. It carries a higher turnover rate and is positioned as a no-load share class, though it has a relatively high expense ratio compared to peers. Since its inception in 2001, the fund has served as a specialized vehicle for those looking to access mid-cap value opportunities within the U.S. equity landscape.
Fund Family ProFunds
Category Small Value
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol MLPIX
Share Class Investor Class
Index S&P MidCap 400 Value TR
MLPIX had a total return of 9.40% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.27%.
