ProFunds Short NASDAQ-100 Svc (SOPSX)
| Fund Assets | 2.35M |
| Expense Ratio | 2.78% |
| Min. Investment | $5,000 |
| Turnover | 1,297.00% |
| Dividend (ttm) | 3.79 |
| Dividend Yield | 9.83% |
| Dividend Growth | 39.31% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 30.80 |
| YTD Return | -13.83% |
| 1-Year Return | -26.91% |
| 5-Year Return | -62.86% |
| 52-Week Low | 30.80 |
| 52-Week High | 43.77 |
| Beta (5Y) | -1.11 |
| Holdings | 9 |
| Inception Date | May 1, 2002 |
About SOPSX
ProFunds Short NASDAQ-100 Fund Service Class is a mutual fund designed to deliver daily investment results that correspond to the inverse, or opposite, of the daily performance of the NASDAQ-100 Index, before fees and expenses. By providing short exposure to the NASDAQ-100, the fund offers a dedicated strategy for those seeking to hedge or potentially profit from declines in a highly tech-concentrated, large-cap equity index. This fund typically utilizes various financial instruments, such as futures and swap agreements, and holds positions with major financial institutions to achieve its inverse objective. Notable features of the fund include its daily reset mechanism, negative beta, and high turnover designed to maintain alignment with the daily inverse of the NASDAQ-100 Index. It is primarily used by sophisticated investors and institutions to manage risk, implement tactical trading decisions, or gain downside exposure to growth-oriented U.S. equities. The fund requires a minimum investment amount and has a relatively high expense ratio compared to traditional index funds. Its role in the market is to act as a tool for portfolio diversification, market hedging, and tactical positioning within the broader U.S. equity space.
Performance
SOPSX had a total return of -26.91% in the past year, including dividends. Since the fund's inception, the average annual return has been -13.06%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| SOPIX | Investor Class | 1.78% |
Top 10 Holdings
99.63% of assets| Name | Symbol | Weight |
|---|---|---|
| SOCIETE' GENERALE 4.23 , 5/01/2025 | n/a | 31.26% |
| HSBC SECURITIES (USA), INC. 4.28 , 5/01/2025 | n/a | 29.65% |
| CREDIT AGRICOLE CIB NY 4.24 , 5/01/2025 | n/a | 11.20% |
| NATWEST MARKETS PLC 4.23 , 5/01/2025 | n/a | 10.72% |
| UMB FINANCIAL CORP. B 4.1 , 5/01/2025 | n/a | 9.15% |
| ROYAL BANK OF CANADA 4.15 , 5/01/2025 | n/a | 8.06% |
| SOPIX_NDX_GOLDMAN | n/a | -0.01% |
| SOPIX_NDX_UBS | n/a | -0.11% |
| SOPIX_NDX_GOLDMAN | n/a | -0.30% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $3.79338 | Jan 2, 2025 |
| Dec 28, 2023 | $2.72291 | Dec 29, 2023 |
| Dec 27, 2007 | $21.9975 | Dec 27, 2007 |
| Dec 28, 2006 | $21.5585 | Dec 28, 2006 |