ProFunds Rising Rates Opportunity Fund Investor Class (RRPIX)
| Fund Assets | 10.43M |
| Expense Ratio | 1.79% |
| Min. Investment | $15,000 |
| Turnover | 1,297.00% |
| Dividend (ttm) | 2.03 |
| Dividend Yield | 4.75% |
| Dividend Growth | 10.31% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 42.44 |
| YTD Return | 1.23% |
| 1-Year Return | 0.99% |
| 5-Year Return | 90.94% |
| 52-Week Low | 37.11 |
| 52-Week High | 44.74 |
| Beta (5Y) | n/a |
| Holdings | 9 |
| Inception Date | May 1, 2002 |
About RRPIX
The ProFunds Rising Rates Opportunity Fund Investor Class is an inverse mutual fund designed to provide daily investment returns that correspond to one and one-quarter times (-1.25x) the inverse of the daily price movement of the most recently issued 30-year U.S. Treasury bond, before fees and expenses. Its primary function is to allow investors to potentially profit from or hedge against declines in long-term Treasury prices, which typically occur when interest rates rise. The fund achieves its objective by investing in financial instruments and derivatives that seek to deliver the targeted inverse exposure on a daily basis. This specialized approach makes it suitable for tactical investors seeking short-term exposure to interest rate movements or wishing to offset interest rate risk within a broader fixed income portfolio. The fund serves as a unique tool in the mutual fund market, offering a means to manage portfolio sensitivity to changes in long-term interest rates and helping investors respond to periods of rising borrowing costs.
Performance
RRPIX had a total return of 0.99% in the past year, including dividends. Since the fund's inception, the average annual return has been -6.36%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| RRPSX | Service Class | 2.79% |
Top 10 Holdings
97.76% of assets| Name | Symbol | Weight |
|---|---|---|
| SOCIETE' GENERALE 4.23 , 5/01/2025 | n/a | 31.90% |
| HSBC SECURITIES (USA), INC. 4.28 , 5/01/2025 | n/a | 30.24% |
| CREDIT AGRICOLE CIB NY 4.24 , 5/01/2025 | n/a | 11.45% |
| NATWEST MARKETS PLC 4.23 , 5/01/2025 | n/a | 10.99% |
| UMB FINANCIAL CORP. B 4.1 , 5/01/2025 | n/a | 9.11% |
| ROYAL BANK OF CANADA 4.15 , 5/01/2025 | n/a | 8.23% |
| RRPIX_CT30_CIT | n/a | 0.54% |
| RRPIX_CT30_SOC | n/a | -1.62% |
| RRPIX_CT30_CIT | n/a | -3.09% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $2.03458 | Jan 2, 2025 |
| Dec 28, 2023 | $1.84434 | Dec 29, 2023 |
| Dec 30, 2019 | $0.4169 | Dec 30, 2019 |
| Dec 30, 2008 | $0.6376 | Dec 30, 2008 |
| Dec 27, 2007 | $5.8544 | Dec 27, 2007 |
| Dec 28, 2006 | $10.91664 | Dec 28, 2006 |