ProFunds UltraShort NASDAQ-100 Fund Investor Class (USPIX)
| Fund Assets | 14.68M |
| Expense Ratio | 1.78% |
| Min. Investment | $15,000 |
| Turnover | 1,297.00% |
| Dividend (ttm) | 1.50 |
| Dividend Yield | 7.64% |
| Dividend Growth | -37.56% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 20.00 |
| YTD Return | -22.35% |
| 1-Year Return | -33.76% |
| 5-Year Return | -98.71% |
| 52-Week Low | 19.60 |
| 52-Week High | 37.09 |
| Beta (5Y) | n/a |
| Holdings | 10 |
| Inception Date | Jun 2, 1998 |
About USPIX
ProFunds UltraShort Nasdaq-100 Fund Investor Class is an alternative mutual fund designed to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the Nasdaq-100 Index. This makes the fund uniquely positioned for those seeking to capitalize on declines in the technology-heavy Nasdaq-100, as its strategy aims to deliver opposite returns, amplified by a factor of two, on a daily basis. The fund primarily utilizes financial instruments and derivatives, rather than direct equity ownership, to achieve its leveraged inverse exposure, focusing on large-cap U.S. technology companies within the index. Since its inception in 1998, the fund has been categorized under alternative and dedicated short bias strategies, often used for hedging or tactical purposes by investors anticipating short-term downward movements in the tech sector or seeking to offset tech-heavy portfolio risk. Its highly active strategy and atypical performance profile distinguish it from conventional mutual funds, and it is notable for a high portfolio turnover rate and substantial concentration in top holdings.
Performance
USPIX had a total return of -33.76% in the past year, including dividends. Since the fund's inception, the average annual return has been -43.55%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| USPSX | Service Class | 2.78% |
Top 10 Holdings
98.85% of assets| Name | Symbol | Weight |
|---|---|---|
| SOCIETE' GENERALE 4.23 , 5/01/2025 | n/a | 31.53% |
| HSBC SECURITIES (USA), INC. 4.28 , 5/01/2025 | n/a | 29.90% |
| CREDIT AGRICOLE CIB NY 4.24 , 5/01/2025 | n/a | 11.31% |
| NATWEST MARKETS PLC 4.23 , 5/01/2025 | n/a | 10.87% |
| UMB FINANCIAL CORP. B 4.1 , 5/01/2025 | n/a | 8.96% |
| ROYAL BANK OF CANADA 4.15 , 5/01/2025 | n/a | 8.15% |
| USPIX_NDX_GOLDMAN | n/a | 0.09% |
| CHICAGO MERCANTILE EXCHANGE - CME E-Mini NASDAQ 100 Index Future | NQM5.INDEX | -0.02% |
| USPIX_NDX_UBS | n/a | -0.18% |
| USPIX_NDX_GOLDMAN | n/a | -1.76% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $1.49799 | Jan 2, 2025 |
| Jul 2, 2024 | $0.01008 | Jul 3, 2024 |
| Dec 28, 2023 | $2.39771 | Dec 29, 2023 |
| Jul 25, 2023 | $0.01762 | Jul 26, 2023 |
| Dec 30, 2020 | $0.07736 | Dec 30, 2020 |
| Dec 30, 2019 | $1.41644 | Dec 30, 2019 |