ProFunds Short Precious Metals Fund Service Class (SPPSX)
| Fund Assets | 8.80M |
| Expense Ratio | 2.78% |
| Min. Investment | $5,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.15 |
| Dividend Yield | 2.45% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 6.30 |
| YTD Return | -37.99% |
| 1-Year Return | -32.20% |
| 5-Year Return | -53.44% |
| 52-Week Low | 6.11 |
| 52-Week High | 10.38 |
| Beta (5Y) | -0.49 |
| Holdings | 10 |
| Inception Date | Jan 9, 2006 |
About SPPSX
ProFunds Short Precious Metals Service Class is an inverse mutual fund designed to deliver daily investment results that correspond to the opposite (-1x) of the performance of the Dow Jones U.S. Precious Metals Index. Its primary focus is to provide investors with exposure to the inverse performance of companies engaged in the extraction, mining, and production of precious metals such as gold and silver. The fund achieves its objective through direct investments and the use of derivatives in stocks of entities across the materials, metals, and mining sectors, including those involved with gold and silver ores. Typically utilized as a tactical vehicle for hedging or expressing a negative outlook on the precious metals sector, this fund plays a distinctive role in the market by allowing investors to potentially profit from declines in the value of precious metal mining stocks. Since its launch in 2006, ProFunds Short Precious Metals Service Class has served investors seeking short-term inverse commodity exposure, with its structure and strategy tailored to short-term tactical positioning rather than long-term holdings.
Performance
SPPSX had a total return of -32.20% in the past year, including dividends. Since the fund's inception, the average annual return has been -16.87%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| SPPIX | Investor Class | 1.78% |
Top 10 Holdings
99.91% of assets| Name | Symbol | Weight |
|---|---|---|
| SOCIETE' GENERALE 4.23 , 5/01/2025 | n/a | 31.43% |
| HSBC SECURITIES (USA), INC. 4.28 , 5/01/2025 | n/a | 29.82% |
| CREDIT AGRICOLE CIB NY 4.24 , 5/01/2025 | n/a | 11.28% |
| NATWEST MARKETS PLC 4.23 , 5/01/2025 | n/a | 10.84% |
| UMB FINANCIAL CORP. B 4.1 , 5/01/2025 | n/a | 9.01% |
| ROYAL BANK OF CANADA 4.15 , 5/01/2025 | n/a | 8.11% |
| SPPIX_DJGSP_GOLDMAN | n/a | -0.00% |
| SPPIX_DJGSP_UBS | n/a | -0.01% |
| SPPIX_DJGSP_GOLDMAN | n/a | -0.27% |
| SPPIX_DJGSP_UBS | n/a | -0.28% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.15459 | Jan 2, 2025 |
| Dec 28, 2023 | $2.00781 | Dec 29, 2023 |