ProFunds UltraShort Mid-Cap Fund Service Class (UIPSX)
| Fund Assets | 413.26K |
| Expense Ratio | 2.78% |
| Min. Investment | $5,000 |
| Turnover | n/a |
| Dividend (ttm) | 1.19 |
| Dividend Yield | 5.38% |
| Dividend Growth | -1.73% |
| Payout Frequency | Annual |
| Ex-Dividend Date | n/a |
| Previous Close | 19.13 |
| YTD Return | -13.91% |
| 1-Year Return | -20.80% |
| 5-Year Return | -63.86% |
| 52-Week Low | 18.83 |
| 52-Week High | 36.50 |
| Beta (5Y) | n/a |
| Holdings | 9 |
| Inception Date | Jan 30, 2004 |
About UIPSX
ProFunds UltraShort Mid-Cap Service Class is a mutual fund designed to offer investors inverse leveraged exposure to the U.S. mid-cap equity market. Its primary objective is to seek daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the return of the S&P MidCap 400 Index for a single trading day. This means the fund aims to rise in value when the S&P MidCap 400 Index declines, and vice versa, but only for one-day periods; results over longer periods can significantly diverge from this target due to the effects of compounding and index volatility. By utilizing derivatives, such as swap agreements and futures contracts, the fund delivers its inverse leveraged exposure, making it a unique tool for sophisticated investors who wish to hedge or take tactical positions against mid-cap U.S. stocks. The fund’s structure and strategy can magnify both gains and losses on a short-term basis. With its focus on a key segment of the U.S. equity market—the mid-cap sector—the fund plays a specialized role in financial markets, often serving as a vehicle for active traders and institutional investors aiming to express a bearish outlook or manage risk linked to mid-cap equities.
Performance
UIPSX had a total return of -20.80% in the past year, including dividends. Since the fund's inception, the average annual return has been -19.41%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| UIPIX | Investor Class | 1.78% |
Top Holdings
98.39% of assets| Name | Symbol | Weight |
|---|---|---|
| HSBC SECURITIES (USA), INC. 4.02 , 11/03/2025 | n/a | 27.22% |
| SOCIETE' GENERALE 3.9 , 11/03/2025 | n/a | 24.92% |
| NATWEST MARKETS PLC TM 4 , 11/03/2025 | n/a | 13.26% |
| CREDIT AGRICOLE CIB NY 3.9 , 11/03/2025 | n/a | 13.26% |
| UMB FINANCIAL CORP. 3.82 , 11/03/2025 | n/a | 8.84% |
| ROYAL BANK OF CANADA 3.87 , 11/03/2025 | n/a | 7.42% |
| UIPIX_MID_UBS | n/a | 2.18% |
| UIPIX_MID_GOLDMAN | n/a | 1.16% |
| UIPIX_MID_GOLDMAN | n/a | 0.14% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $1.19434 | Jan 2, 2025 |
| Dec 28, 2023 | $1.21531 | Dec 29, 2023 |
| Dec 30, 2008 | $9.070 | Dec 30, 2008 |
| Dec 27, 2007 | $3.790 | Dec 27, 2007 |
| Dec 28, 2006 | $50.464 | Dec 28, 2006 |
| Dec 29, 2005 | $20.040 | Dec 29, 2005 |