About UHPSX
The ProFunds UltraShort China Fund Service Class is a mutual fund designed to deliver inverse exposure to the Chinese equity market. Specifically, the fund seeks to achieve daily returns that correspond to two times the inverse (-2x) of the daily performance of the S&P China Select ADR Index, before fees and expenses. This index comprises American Depositary Receipts (ADRs) of major Chinese companies, with significant representation in sectors such as consumer discretionary, communication services, healthcare, and industrials.
By utilizing various financial instruments—including swap agreements, futures contracts, and options—the fund aims to provide a leveraged inverse strategy, making it primarily suited for investors seeking to benefit from short-term declines in the Chinese ADR market. Its portfolio construction is highly responsive to daily index movements, rebalancing regularly to maintain the targeted exposure. The fund plays a specialized role in the financial market, offering a tool for tactical positioning, hedging, or portfolio diversification related to Chinese equities and their U.S.-traded ADR representations.
Fund Family ProFunds
Category Trading--Inverse Equity
Stock Exchange Nasdaq
Ticker Symbol UHPSX
Share Class Service Class
Index S&P China Select ADR NR USD
UHPSX had a total return of 81.17% in the past year, including dividends. Since the fund's
inception, the average annual return has been -11.27%.
