CONSUMER GOODS ULTRASECTOR PROFUND
Fund
CNPSX
Price as of:
$56.46
- $0.46
- 0.81%
Primary Theme
fund company
Name
As of 09/22/2023Price
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
Vitals
YTD Return
-1.4%
1 yr return
-11.2%
3 Yr Avg Return
-18.7%
5 Yr Avg Return
-6.4%
Net Assets
$3.74 M
Holdings in Top 10
61.5%
52 WEEK LOW AND HIGH
$56.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.88%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$15,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 09/22/2023Price
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
CNPSX - Profile
Distributions
- YTD Total Return -1.4%
- 3 Yr Annualized Total Return -18.7%
- 5 Yr Annualized Total Return -6.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.40%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameCONSUMER GOODS ULTRASECTOR PROFUND
-
Fund Family NameProFund Advisors LLC
-
Inception DateJan 30, 2004
-
Shares OutstandingN/A
-
Share ClassS
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Neches
Fund Description
The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the consumer goods industry. Component companies include, among others, automobiles and auto parts and tires, brewers and distillers, farming and fishing, durable and non-durable household product manufacturers, cosmetic companies, food and tobacco products, clothing, accessories and footwear. The Index is published under the Bloomberg ticker symbol “DJUSNC.”The Fund will invest principally in the financial instruments set forth below. The Fund expects that its cash balances maintained in connection with the use of financial instruments will typically be held in money market instruments.•Equity Securities — The Fund invests in common stock issued by public companies.•Derivatives — The Fund invests in derivatives, which are financial instruments whose value is derived from the value of an underlying asset or assets, such as stocks, bonds, funds (including exchange-traded funds (“ETFs”)), interest rates or indexes. The Fund invests in derivatives as a substitute for investing directly in securities in order to seek returns for a single day that are leveraged (1.5x) to the returns of the Index for that day. These derivatives principally include:○Swap Agreements — Contracts entered into primarily with major global financial institutions for a specified period ranging from a day to more than one year. In a standard “swap” transaction, two parties agree to exchange the return (or differentials in rates of return) earned or realized on particular predetermined investments or instruments. The gross return to be exchanged or “swapped” between the parties is calculated with respect to a “notional amount,” e.g., the return on or change in value of a particular dollar amount invested in a “basket” of securities or an ETF representing a particular index.•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.ProFund Advisors uses a mathematical approach to investing. Using this approach, ProFund Advisors determines the type, quantity and mix of investment positions that it believes, in combination, the Fund should hold to produce daily returns consistent with the Fund’s daily investment objective. The Fund may invest in or gain exposure to only a representative sample of the securities in the Index or to securities not contained in the Index or in financial instruments, with the intent of obtaining exposure with aggregate characteristics similar to those of a multiple of the single day returns of the Index. In managing the assets of the Fund, ProFund Advisors does not invest the assets of the Fund in securities or financial instruments based on ProFund Advisors’ view of the investment merit of a particular security, instrument, or company, nor does it conduct conventional investment research or analysis or forecast market movement or trends. The Fund seeks to remain fully invested at all times in securities and/or financial instruments that, in combination, provide leveraged exposure to the single day returns of the Index, consistent with its investment objective, without regard to market conditions, trends or direction. The Fund seeks investment results for a single day only, measured as the time the Fund calculates its NAV to the next time the Fund calculates its NAV, and not for any other period.The Fund seeks to engage in daily rebalancing to position its portfolio so that its exposure to the Index is consistent with the Fund’s daily investment objective. The time and manner in which the Fund rebalances its portfolio may vary from day to day at the discretion of ProFund Advisors, depending on market conditions and other circumstances. The Index’s movements during the day will affect whether the Fund’s portfolio needs to be rebalanced. For example, if the Index has risen on a given day, net assets of the Fund should rise (assuming there were no share redemptions). As a result, the Fund’s exposure will need to be increased. Conversely, if the Index has fallen on a given day, net assets of the Fund should fall (assuming there were no shares issued). As a result, the Fund’s exposure will need to be decreased.Daily rebalancing and the compounding of each day’s return over time means that the return of the Fund for a period longer than a single day will be the result of each day’s returns compounded over the period.This will very likely differ in amount, and possibly even direction, from one and one-half times (1.5x) the return of the Index for the same period. The Fund will lose money if the Index’s performance is flat over time.The Fund can lose money regardless of the performance of the Index, as a result of daily rebalancing, the Index’s volatility, compounding of each day’s return and other factors. See “Principal Risks” below.The Fund will concentrate (i.e., invest in securities that represent 25 percent or more of the value of the Index) or focus (i.e., invest in securities that represent a substantial portion of its value, but less than 25 percent) its investments in a particular industry or group of industries to approximately the same extent the Index is so concentrated or focused. As of July 31, 2022, the Index was concentrated in the food, beverage & tobacco and the automobiles & components industry groups and was focused in the household & personal productsindustry group.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details.
Read More
CNPSX - Performance
Return Ranking - Trailing
| Period | CNPSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.4% | -69.9% | 136.8% | 68.13% |
| 1 Yr | -11.2% | -81.1% | 92.4% | 89.31% |
| 3 Yr | -18.7%* | -58.8% | 65.9% | 90.57% |
| 5 Yr | -6.4%* | -58.2% | 23.9% | 71.79% |
| 10 Yr | 0.7%* | -38.2% | 39.7% | 77.78% |
* Annualized
Return Ranking - Calendar
| Period | CNPSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -37.2% | -91.0% | 124.5% | 44.03% |
| 2021 | 22.7% | -79.4% | 168.2% | 58.49% |
| 2020 | -28.7% | -97.4% | 132.6% | 85.53% |
| 2019 | 35.0% | -53.1% | 229.8% | 75.16% |
| 2018 | -23.7% | -74.3% | 22.3% | 50.97% |
Total Return Ranking - Trailing
| Period | CNPSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.4% | -69.5% | 136.8% | 68.13% |
| 1 Yr | -11.2% | -80.7% | 93.9% | 89.31% |
| 3 Yr | -18.7%* | -58.7% | 70.7% | 90.57% |
| 5 Yr | -6.4%* | -57.9% | 28.5% | 71.79% |
| 10 Yr | 0.7%* | -38.1% | 40.3% | 77.78% |
* Annualized
Total Return Ranking - Calendar
| Period | CNPSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -37.2% | -91.0% | 130.7% | 48.43% |
| 2021 | 35.1% | -79.4% | 168.2% | 54.09% |
| 2020 | -28.7% | -97.4% | 132.6% | 86.79% |
| 2019 | 43.3% | -52.7% | 231.9% | 62.42% |
| 2018 | -23.4% | -74.3% | 22.3% | 54.84% |
NAV & Total Return History
CNPSX - Holdings
Concentration Analysis
| CNPSX | Category Low | Category High | CNPSX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.74 M | 900 K | 36.2 B | 92.31% |
| Number of Holdings | 44 | 6 | 2041 | 58.28% |
| Net Assets in Top 10 | 2.45 M | 765 K | 28.4 B | 94.48% |
| Weighting of Top 10 | 61.48% | 12.6% | 139.5% | 44.17% |
Top 10 Holdings
- PROCTER GAMBLE CO 10.71%
- SOCIETE GENERALE 9.21%
- PEPSICO INC 7.63%
- COCA COLA CO 7.25%
- COSTCO WHOLESALE CORP 6.48%
- ROYAL BANK OF CANADA 5.52%
- CREDIT AGRICOLE CIB NY 4.52%
- MONDELEZ INTERNATIONAL INC 3.43%
- WALMART INC 3.40%
- HSBC SECURITIES USA INC 3.34%
Asset Allocation
| Weighting | Return Low | Return High | CNPSX % Rank | |
|---|---|---|---|---|
| Stocks | 74.61% | -10.88% | 300.00% | 48.47% |
| Other | 25.11% | -15.63% | 199.03% | 30.06% |
| Cash | 0.29% | -217.86% | 110.87% | 80.37% |
| Preferred Stocks | 0.00% | 0.00% | 5.99% | 57.06% |
| Convertible Bonds | 0.00% | 0.00% | 0.32% | 61.35% |
| Bonds | 0.00% | 0.00% | 17.08% | 66.26% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CNPSX % Rank | |
|---|---|---|---|---|
| Consumer Defense | 52.46% | 0.00% | 52.46% | 1.59% |
| Consumer Cyclical | 42.85% | 0.00% | 94.15% | 7.14% |
| Communication Services | 3.58% | 0.00% | 100.00% | 47.62% |
| Industrials | 1.09% | 0.00% | 100.00% | 61.90% |
| Technology | 0.02% | 0.00% | 100.00% | 73.81% |
| Utilities | 0.00% | 0.00% | 100.00% | 74.60% |
| Real Estate | 0.00% | 0.00% | 100.00% | 71.43% |
| Healthcare | 0.00% | 0.00% | 100.00% | 86.51% |
| Financial Services | 0.00% | 0.00% | 100.00% | 85.71% |
| Energy | 0.00% | 0.00% | 100.00% | 79.37% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 83.33% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CNPSX % Rank | |
|---|---|---|---|---|
| US | 74.61% | -30.65% | 298.07% | 48.47% |
| Non US | 0.00% | 0.00% | 200.29% | 56.44% |
CNPSX - Expenses
Operational Fees
| CNPSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.88% | 0.74% | 5.55% | 4.38% |
| Management Fee | 0.75% | 0.00% | 0.95% | 49.70% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 90.63% |
| Administrative Fee | N/A | 0.03% | 0.25% | 64.21% |
Sales Fees
| CNPSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 4.75% | 4.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| CNPSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | 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.
| CNPSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 266.00% | 67.62% |
CNPSX - Distributions
Dividend Yield Analysis
| CNPSX | Category Low | Category High | CNPSX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 22.83% | 78.11% |
Dividend Distribution Analysis
| CNPSX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| CNPSX | Category Low | Category High | CNPSX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.40% | -2.77% | 2.92% | 84.28% |
Capital Gain Distribution Analysis
| CNPSX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 23, 2019 | $3.198 | OrdinaryDividend |
| Dec 28, 2018 | $0.283 | OrdinaryDividend |
| Dec 30, 2008 | $0.261 | OrdinaryDividend |
| Dec 30, 2004 | $0.116 | OrdinaryDividend |
CNPSX - Fund Manager Analysis
Managers
Michael Neches
Start Date
Tenure
Tenure Rank
Oct 01, 2013
8.67
8.7%
Michael Neches joined ProShare Advisors in 2000, and presently serves as a Senior Portfolio Manager. He previously served as the Senior Portfolio Manager responsible for the company’s commodities desk for two years, as a Portfolio Manager and team lead, as an Associate Portfolio Manager and as a Portfolio Analyst. Mr. Neches earned a Bachelor of Science in Finance from the University of Maryland, College Park and an MBA from Georgetown University.
Tarak Davé
Start Date
Tenure
Tenure Rank
Apr 30, 2018
4.09
4.1%
Tarak Dave ProFund Advisors LLC: Portfolio Manager since March 2018, Associate Portfolio Manager from November 2015 to March 2018, Senior Portfolio Analyst from May 2014 to October 2015 and Portfolio Analyst from April 2011 to April 2014.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 1.79 | 28.9 | 9.84 | 8.67 |