About TEPSX
The ProFunds Technology UltraSector Fund Service Class is a leveraged mutual fund designed to provide investors with daily investment results that correspond to one and one-half times (1.5x) the daily performance of the S&P Technology Select Sector Index, before fees and expenses. The fund primarily invests in financial instruments and derivatives that aim to amplify the returns of the underlying index on a daily basis. This approach targets exposure to key segments of the technology sector, including IT services, software, communications equipment, technology hardware, storage and peripherals, electronic equipment, and semiconductors.
As a non-diversified fund, it holds a concentrated portfolio and is structured for investors seeking short-term, tactical exposure to the technology sector's market movements. Its strategy results in higher volatility and risk compared to traditional, non-leveraged funds, and performance can deviate significantly from the underlying index over periods longer than a single trading day due to the effects of daily compounding. The fund’s holdings typically include major technology companies, making it a significant tool for investors focusing on sector rotation or seeking to capitalize on short-term trends within the fast-moving technology industry.
Fund Family ProFunds
Category Trading--Leveraged Equity
Performance Rating Low
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol TEPSX
Share Class Service Class
Index Dow Jones US Technology TR
TEPSX had a total return of 44.19% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.38%.
