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Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Bitcoin Strategy ProFund

BTCFX | Fund

$33.56

$290 M

13.36%

$4.23

1.57%

Vitals

YTD Return

117.0%

1 yr return

137.5%

3 Yr Avg Return

13.8%

5 Yr Avg Return

N/A

Net Assets

$290 M

Holdings in Top 10

69.4%

52 WEEK LOW AND HIGH

$32.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.57%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Bitcoin Strategy ProFund

BTCFX | Fund

$33.56

$290 M

13.36%

$4.23

1.57%

BTCFX - Profile

Distributions

  • YTD Total Return 117.0%
  • 3 Yr Annualized Total Return 13.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -1.28%
DIVIDENDS
  • Dividend Yield 13.4%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Bitcoin Strategy ProFund
  • Fund Family Name
    ProFunds
  • Inception Date
    Aug 09, 2021
  • Shares Outstanding
    1360378
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Alexander Ilyasov

Fund Description

The Fund seeks to provide capital appreciation by investing all or substantially all of its assets through managed exposure to bitcoin futures contracts. The Fund does not invest directly in bitcoin.Bitcoin is a digital asset, sometimes referred to as a digital currency or “cryptocurrency.” The ownership and operation of bitcoin is determined by participants in an online, peer-to-peer network sometimes referred to as the “Bitcoin Network”. The Bitcoin Network connects computers that run publicly accessible, or “open source,” software that follows the rules and procedures governing the Bitcoin Network. This is commonly referred to as the Bitcoin Protocol (and is described in more detail in the section entitled “The Bitcoin Protocol” in the Fund’s Prospectus).The value of bitcoin is not backed by any government, corporation, or other identified body. Instead, its value is determined in part by the supply and demand in markets created to facilitate trading of bitcoin. Ownership and transaction records for bitcoin are protected through public-key cryptography. The supply of bitcoin is determined by the Bitcoin Protocol. No single entity owns or operates the Bitcoin Network. The Bitcoin Network is collectively maintained by (1) a decentralized group of participants who run computer software that results in the recording and validation of transactions (commonly referred to as “miners”), (2) developers who propose improvements to the Bitcoin Protocol and the software that enforces the protocol and (3) users who choose which version of the bitcoin software to run. From time to time, the developers suggest changes to the bitcoin software. If a sufficient number of users and miners elect not to adopt the changes, a new digital asset, operating on the earlier version of the bitcoin software, may be created. This is often referred to as a “fork.” The price of the bitcoin futures contracts in which the Fund invests may reflect the impact of these forks.While the Fund seeks to invest primarily in bitcoin futures contracts, the Fund also may invest in other instruments as described below. The Fund expects that its cash balances maintained in connection with the use of financial instruments will typically be held in money marketinstruments.•Bitcoin Futures Contracts – Standardized, cash-settled bitcoin futures contracts traded on commodity exchanges registered with the Commodity Futures Trading Commission (“CFTC”). The Fund seeks to invest in cash-settled, front-month bitcoin futures.The Fund may also invest in back-month, cash-settled bitcoin futures contracts. Front-month bitcoin futures contracts are those contracts with the shortest time to maturity. Back-month bitcoin futures contracts are those with longer times to maturity.The Fund expects to gain exposure by investing a portion of its assets in a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands and advised by ProFund Advisors. Because the Fund intends to qualify for treatment as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended, the Fund intends to invest no more than 25% of the Fund’s total assets in the subsidiary at each quarter end of the Fund’s tax year. Exceeding this amount may have tax consequences, see the section below entitled “Tax Risk” for more information. References to investments by the Fund should be read to mean investments by either the Fund or the subsidiary.•Canadian Exchange Traded Funds – In limited circumstances, for example to manage inflows and outflows or respond to unusual market conditions or increased in margin requirements, the Fund may invest in the securities of exchange traded funds, or “ETFs”, organized and listed for trading in Canada. The shares of these ETFs represent an interest in a portfolio of bitcoin.•Money Market Instruments — The Fund invests in short-term cash instruments that have a remaining maturity of 397 days or less and exhibit high quality credit profiles, for example:○U.S. Treasury Bills — U.S. government securities that have initial maturities of one year or less, and are supported by the full faith and credit of the U.S. government.○Repurchase Agreements — Contracts in which a seller of securities, usually U.S. government securities or other money market instruments, agrees to buy the securities back at a specified time and price. Repurchase agreements are primarily used by the Fund as a short-term investment vehicle for cash positions.•Reverse Repurchase Agreements – The Fund seeks to engage in reverse repurchase agreements, a form of borrowing, and use the proceeds for investment purposes.The Fund does not take temporary defensive positions. The Fund will generally hold its bitcoin futures contracts during periods in which the value of bitcoin or bitcoin futures are flat or declining as well as during periods in which the value of bitcoin or bitcoin futures is rising. In order to maintain its exposure to bitcoin futures contracts, the Fund must sell its futures contracts as they near expiration and replace them with new futures contracts with a later expiration date. This is often referred to as “rolling” a futures contract. Futures contracts with a longer term to expiration may be priced higher than futures contracts with a shorter term to expiration, a relationship called “contango.” When rolling futures contracts that are in contango, the Fund will sell the expiring contract at a relatively lower price and buy a longer-dated contract at a relatively higher price.Conversely, futures contracts with a longer term to expiration may be priced lower than futures contracts with a shorter term to expiration, a relationship called “backwardation.” When rolling futures contracts that are in backwardation, the Fund will sell the expiring contract at a relatively higher price and buy a longer-dated contract at a relatively lower price.The Fund does not invest in, or seek direct exposure to, acurrent “spot” or cash price of bitcoin. Investors seeking direct exposure to the price of bitcoin should consider an investment other than the Fund.The Fund is classified as non-diversified, which means it has the ability to invest a relatively high percentage of its assets in financial instruments with a single counterparty or a few counterparties.
Read More

BTCFX - Performance

Return Ranking - Trailing

Period BTCFX Return Category Return Low Category Return High Rank in Category (%)
YTD 117.0% -62.5% 107.1% 82.69%
1 Yr 137.5% -89.0% 245.9% N/A
3 Yr 13.8%* -83.6% 168.8% N/A
5 Yr N/A* -80.0% 108.2% N/A
10 Yr N/A* -100.0% 7.0% N/A

* Annualized

Return Ranking - Calendar

Period BTCFX Return Category Return Low Category Return High Rank in Category (%)
2023 102.4% -94.4% 48.5% N/A
2022 -64.0% -58.5% 72.8% N/A
2021 N/A -84.2% 86.0% N/A
2020 N/A -67.0% 1180.0% N/A
2019 N/A -50.0% 90.5% N/A

Total Return Ranking - Trailing

Period BTCFX Return Category Return Low Category Return High Rank in Category (%)
YTD 117.0% -70.3% 78.6% 69.23%
1 Yr 137.5% -89.0% 245.9% N/A
3 Yr 13.8%* -83.6% 168.8% N/A
5 Yr N/A* -80.0% 108.2% N/A
10 Yr N/A* -100.0% 7.0% N/A

* Annualized

Total Return Ranking - Calendar

Period BTCFX Return Category Return Low Category Return High Rank in Category (%)
2023 133.4% -94.4% 48.5% N/A
2022 -64.0% -58.5% 72.8% N/A
2021 N/A -84.2% 86.0% N/A
2020 N/A -91.8% 12699.6% N/A
2019 N/A -94.2% 483.4% N/A

NAV & Total Return History

BTCFX - Holdings

Concentration Analysis

BTCFX Category Low Category High BTCFX % Rank
Net Assets 290 M 161 K 29.3 B 30.88%
Number of Holdings 4 1 34 73.08%
Net Assets in Top 10 175 M 0 1.2 B 30.77%
Weighting of Top 10 69.36% 38.4% 100.0% N/A

Top 10 Holdings

  1. U S TREASURY BILL 63.47%
  2. UMB FINANCIAL CORP 48.55%
  3. CME BITCOIN FUTURE AUG24 -2.99%
  4. UMB FINANCIAL CORP -39.67%

Asset Allocation

Weighting Return Low Return High BTCFX % Rank
Bonds 		63.47% 0.00% 158.15% 2.13%
Cash 		30.64% -121.66% 150.05% 100.00%
Other 		5.89% -50.05% 149.96% 8.70%
Stocks 		0.00% -0.18% 100.00% 59.57%
Preferred Stocks 		0.00% 0.00% 0.00% 47.83%
Convertible Bonds 		0.00% 0.00% 0.32% 52.17%

Bond Sector Breakdown

Weighting Return Low Return High BTCFX % Rank
Government 		100.00% 0.00% 100.00% 2.22%
Cash & Equivalents 		0.00% 0.00% 100.00% 100.00%
Securitized 		0.00% 0.00% 12.35% 53.33%
Corporate 		0.00% 0.00% 14.43% 53.33%
Municipal 		0.00% 0.00% 0.24% 53.33%
Derivative 		-2.99% 0.00% 66.67% 53.33%

Bond Geographic Breakdown

Weighting Return Low Return High BTCFX % Rank
US 		63.47% 0.00% 158.15% 2.17%
Non US 		0.00% 0.00% 20.61% 54.35%

BTCFX - Expenses

Operational Fees

BTCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.57% 0.50% 3.00% 46.27%
Management Fee 0.45% 0.00% 3.00% 2.94%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.05% 0.25% 14.29%

Sales Fees

BTCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 4.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

BTCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BTCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 55.00% N/A

BTCFX - Distributions

Dividend Yield Analysis

BTCFX Category Low Category High BTCFX % Rank
Dividend Yield 13.36% 0.00% 18.14% 53.03%

Dividend Distribution Analysis

BTCFX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Quarterly Annually

Net Income Ratio Analysis

BTCFX Category Low Category High BTCFX % Rank
Net Income Ratio -1.28% -3.07% 1.41% 52.50%

Capital Gain Distribution Analysis

BTCFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

BTCFX - Fund Manager Analysis

Managers

Alexander Ilyasov

Start Date

Tenure

Tenure Rank

Jul 28, 2021

0.84

0.8%

Alexander Ilyasov, ProShare Advisors: Senior Portfolio Manager since October 2013 and Portfolio Manager from November 2009 through September 2013. ProFund Advisors LLC: Senior Portfolio Manager since October 2013 and Portfolio Manager from November 2009 through September 2013. World Asset Management, Inc.: Portfolio Manager from January 2006 through November 2009. Ilyasov joined WAM’s predecessor entity in September 2005 as a member of its International Investment Team. Since joining in 2005, he has been involved in supporting WAM’s international equity product line.

George Banian

Start Date

Tenure

Tenure Rank

Mar 15, 2022

0.21

0.2%

George Banian, Principal of the Sponsor since March 11, 2022, has served as a registered associated person and an NFA associate member of the Sponsor since March 11, 2022, and a Portfolio Manager of the Sponsor since March 11, 2022. In these roles, Mr. Banian’s responsibilities include day-to-day portfolio management of certain series of the Trust. Mr. Banian also serves as a Portfolio Manager of PSA since February 2022, Associate Portfolio Manager of PSA from August 2016 to February 2022, Senior Portfolio Analyst of PSA from December 2010 to August 2016, and Portfolio Analyst of PSA from December 2007 to December 2010. In addition, Mr. Banian served as a Portfolio Manager of PFA since February 2022, and an Associate Portfolio Manager of PFA from July 2021 to February 2022.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 16.86 3.85 0.05

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