About SRPIX
ProFunds Short Real Estate Fund Investor Class is a mutual fund designed to provide investors with returns that correspond to the inverse (-1x) of the daily performance of the S&P Real Estate Select Sector Index, before fees and expenses. This fund seeks to move opposite to the benchmark index on a daily basis, meaning it is intended to rise in value when the index declines and decline in value when the index rises. The S&P Real Estate Select Sector Index tracks a broad range of U.S. real estate companies, primarily real estate investment trusts (REITs) across sectors such as industrial, office, retail, healthcare, hospitality, residential, and specialized property segments. To achieve its investment objective, the fund uses financial instruments like derivatives and swaps, resulting in a non-diversified portfolio with a high portfolio turnover rate. As a result, the fund plays a niche role in financial markets, serving as a tactical tool for investors seeking daily inverse exposure to the U.S. real estate sector, particularly for hedging or short-term strategies rather than long-term investment purposes.
Fund Family ProFunds
Category Trading--Miscellaneous
Stock Exchange Nasdaq
Ticker Symbol SRPIX
Share Class Investor Class
Index S&P 500 TR
SRPIX had a total return of -1.52% in the past year, including dividends. Since the fund's
inception, the average annual return has been -12.77%.
