Access Flex High Yield ProFund
Name
As of 05/02/2024Price
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
0.5%
1 yr return
3.2%
3 Yr Avg Return
-2.5%
5 Yr Avg Return
-1.8%
Net Assets
$18.8 M
Holdings in Top 10
98.1%
52 WEEK LOW AND HIGH
$29.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.68%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/02/2024Price
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
FYAIX - Profile
Distributions
- YTD Total Return 0.5%
- 3 Yr Annualized Total Return -2.5%
- 5 Yr Annualized Total Return -1.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 9.6%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameAccess Flex High Yield ProFund
-
Fund Family NameProFunds
-
Inception DateDec 17, 2004
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
•Derivatives — Financial instruments whose value is derived from the value of an underlying asset or rate, such as stocks, bonds, ETFs, interest rates or indexes. These derivatives principally include:○Credit Default Swaps (“CDS”) — The Fund intends to invest in centrally cleared, index-based CDS. CDS provide exposure to the credit of one or more debt issuers referred to as “reference entities.” These instruments are designed to reflect changes in credit quality, including events of default. CDS are most commonly discussed in terms of buying or selling credit protection with respect to a reference entity. Because the Fund seeks to provide long exposure to credit, it will generally be a net seller of credit protection with respect to North American high yield debt issuers. Selling credit protection is equivalent to being “long” credit. Index-based CDS provide credit exposure, through a single trade, to a basket of reference entities. A variety of high yield, index-based CDS with different characteristics are currently available in the marketplace with new issuances occurring periodically. Issuances typically vary in terms of underlying reference entities and maturity and, thus, can have significant differences in performance over time. The Fund intends to typically invest in new issuances of 5.25 year maturity North American high yield, index-based CDS, which are issued every six months on a 100-name basket, which names vary from issue to issue.○U.S. Treasury Futures Contracts — The Fund intends to invest in U.S. Treasury futures contracts in order to obtain interest rate exposure similar to the interest rate exposure that is present in high yield bonds but is not present in CDS. U.S. Treasury futures contracts are standardized contracts traded on, or subject to the rules of, an exchange that call for the future delivery of a specified quantity and type of U.S. Treasury at a specified time and place or, alternatively, may call for cash settlement. The Fund will generally purchase U.S. Treasury futures contracts as a substitute for a comparable market position in U.S. Treasury notes.•Money Market Instruments — The Fund expects that any cash balances maintained in connection with its use of derivatives will typically be held in high quality, short-term money market instruments, 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.•U.S. Treasury Obligations — The Fund invests in obligations of the U.S. Department of the Treasury (“U.S. Treasury”), including Treasury bills and notes and other obligations issued or guaranteed by the U.S. Treasury, and repurchase agreements fully collateralized by U.S. Treasury securities. These debt securities carry different interest rates, maturities and issue dates.The Fund seeks to maintain exposure to the high yield market regardless of market conditions and without taking defensive positions in cash or other instruments in anticipation of an adverse climate for the high yield market. There is no assurance that the Fund will achieve its investment objective.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details.
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FYAIX - Performance
Return Ranking - Trailing
Period | FYAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.5% | N/A | N/A | N/A |
1 Yr | 3.2% | N/A | N/A | N/A |
3 Yr | -2.5%* | N/A | N/A | N/A |
5 Yr | -1.8%* | N/A | N/A | N/A |
10 Yr | -0.8%* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
Period | FYAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.0% | N/A | N/A | N/A |
2022 | -12.1% | N/A | N/A | N/A |
2021 | -2.5% | N/A | N/A | N/A |
2020 | -2.7% | N/A | N/A | N/A |
2019 | 6.8% | N/A | N/A | N/A |
Total Return Ranking - Trailing
Period | FYAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.5% | N/A | N/A | N/A |
1 Yr | 3.2% | N/A | N/A | N/A |
3 Yr | -2.5%* | N/A | N/A | N/A |
5 Yr | -1.8%* | N/A | N/A | N/A |
10 Yr | -0.8%* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FYAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.0% | N/A | N/A | N/A |
2022 | -12.1% | N/A | N/A | N/A |
2021 | -2.5% | N/A | N/A | N/A |
2020 | -2.7% | N/A | N/A | N/A |
2019 | 6.8% | N/A | N/A | N/A |
NAV & Total Return History
FYAIX - Holdings
Concentration Analysis
FYAIX | Category Low | Category High | FYAIX % Rank | |
---|---|---|---|---|
Net Assets | 18.8 M | N/A | N/A | N/A |
Number of Holdings | 9 | N/A | N/A | N/A |
Net Assets in Top 10 | 19 M | N/A | N/A | N/A |
Weighting of Top 10 | 98.12% | N/A | N/A | N/A |
Top 10 Holdings
- U S TREASURY NOTE 60.57%
- SOCIETE GENERALE 10.10%
- HSBC SECURITIES USA INC 6.06%
- CREDIT AGRICOLE CIB NY 5.05%
- CDX NORTH AMERICA HIGH YIELD INDEX 4.59%
- ROYAL BANK OF CANADA 4.20%
- Natwest Markets PLC 4.20%
- UMB FINANCIAL CORP 3.21%
- 5 YEAR US TREASURY NOTE FUTURE MAR24 0.14%
Asset Allocation
Weighting | Return Low | Return High | FYAIX % Rank | |
---|---|---|---|---|
Bonds | 60.57% | N/A | N/A | N/A |
Other | 37.55% | N/A | N/A | N/A |
Cash | 1.88% | N/A | N/A | N/A |
Stocks | 0.00% | N/A | N/A | N/A |
Preferred Stocks | 0.00% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | FYAIX % Rank | |
---|---|---|---|---|
Derivative | 4.73% | N/A | N/A | N/A |
Cash & Equivalents | 0.00% | N/A | N/A | N/A |
Securitized | 0.00% | N/A | N/A | N/A |
Corporate | 0.00% | N/A | N/A | N/A |
Municipal | 0.00% | N/A | N/A | N/A |
Government | 0.00% | N/A | N/A | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FYAIX % Rank | |
---|---|---|---|---|
US | 60.57% | N/A | N/A | N/A |
Non US | 0.00% | N/A | N/A | N/A |
FYAIX - Expenses
Operational Fees
FYAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.68% | N/A | N/A | N/A |
Management Fee | 0.75% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
FYAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
FYAIX 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.
FYAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
FYAIX - Distributions
Dividend Yield Analysis
FYAIX | Category Low | Category High | FYAIX % Rank | |
---|---|---|---|---|
Dividend Yield | 9.65% | N/A | N/A | N/A |
Dividend Distribution Analysis
FYAIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly |
Net Income Ratio Analysis
FYAIX | Category Low | Category High | FYAIX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
FYAIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 02, 2024 | $0.720 | OrdinaryDividend |
Dec 29, 2023 | $0.179 | OrdinaryDividend |
Oct 03, 2023 | $1.095 | OrdinaryDividend |
Jun 30, 2023 | $0.146 | OrdinaryDividend |
Dec 30, 2022 | $0.802 | OrdinaryDividend |
Sep 28, 2022 | $0.255 | OrdinaryDividend |
Sep 30, 2021 | $0.128 | OrdinaryDividend |
Jun 30, 2021 | $0.235 | OrdinaryDividend |
Mar 30, 2021 | $0.580 | OrdinaryDividend |
Dec 30, 2019 | $0.364 | OrdinaryDividend |
Sep 25, 2019 | $0.263 | OrdinaryDividend |
Jun 26, 2019 | $0.266 | OrdinaryDividend |
Mar 27, 2019 | $0.774 | OrdinaryDividend |
Dec 28, 2018 | $0.080 | OrdinaryDividend |
Jun 27, 2018 | $0.295 | OrdinaryDividend |
Dec 28, 2017 | $0.475 | OrdinaryDividend |
Sep 27, 2017 | $0.224 | OrdinaryDividend |
Jun 28, 2017 | $0.343 | OrdinaryDividend |
Mar 28, 2017 | $0.443 | OrdinaryDividend |
Dec 29, 2016 | $0.217 | OrdinaryDividend |
Sep 28, 2016 | $0.498 | OrdinaryDividend |
Dec 30, 2015 | $2.414 | OrdinaryDividend |
Sep 25, 2015 | $0.197 | OrdinaryDividend |
Jun 25, 2015 | $0.105 | OrdinaryDividend |
Mar 25, 2015 | $0.095 | OrdinaryDividend |
Dec 30, 2014 | $0.003 | OrdinaryDividend |
Dec 30, 2013 | $1.540 | OrdinaryDividend |
Sep 24, 2013 | $0.114 | OrdinaryDividend |
Jun 24, 2013 | $0.087 | OrdinaryDividend |
Mar 21, 2013 | $0.340 | OrdinaryDividend |
Dec 15, 2010 | $0.784 | OrdinaryDividend |
Nov 23, 2010 | $0.648 | OrdinaryDividend |
Sep 23, 2010 | $0.368 | OrdinaryDividend |
May 07, 2010 | $0.022 | OrdinaryDividend |
Dec 30, 2009 | $0.033 | OrdinaryDividend |
Dec 16, 2009 | $0.350 | OrdinaryDividend |
Sep 24, 2009 | $0.050 | OrdinaryDividend |
Jun 24, 2009 | $0.148 | OrdinaryDividend |
Jan 15, 2009 | $0.116 | OrdinaryDividend |
Dec 31, 2008 | $0.290 | OrdinaryDividend |
Dec 16, 2008 | $1.044 | OrdinaryDividend |
Sep 24, 2008 | $1.528 | OrdinaryDividend |
Jun 24, 2008 | $0.591 | OrdinaryDividend |
Mar 20, 2008 | $0.297 | OrdinaryDividend |
Dec 20, 2007 | $0.260 | OrdinaryDividend |
Sep 24, 2007 | $0.355 | OrdinaryDividend |
Jun 25, 2007 | $0.454 | OrdinaryDividend |
Mar 26, 2007 | $0.269 | OrdinaryDividend |
Dec 28, 2006 | $0.428 | OrdinaryDividend |
Sep 26, 2006 | $1.203 | OrdinaryDividend |
Jun 27, 2006 | $1.261 | OrdinaryDividend |
Mar 28, 2006 | $0.519 | OrdinaryDividend |
Sep 26, 2005 | $0.454 | OrdinaryDividend |
Jun 24, 2005 | $0.160 | OrdinaryDividend |
Mar 24, 2005 | $0.378 | OrdinaryDividend |