ProFunds UltraShort Latin America Inv
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-10.6%
1 yr return
-4.4%
3 Yr Avg Return
-43.6%
5 Yr Avg Return
-29.4%
Net Assets
$490 K
Holdings in Top 10
N/A
52 WEEK LOW AND HIGH
$6.4
$6.02
$11.50
Expenses
OPERATING FEES
Expense Ratio 1.78%
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
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
UFPIX - Profile
Distributions
- YTD Total Return -10.6%
- 3 Yr Annualized Total Return -43.6%
- 5 Yr Annualized Total Return -29.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.77%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameProFunds UltraShort Latin America Fund
-
Fund Family NameProFunds
-
Inception DateOct 16, 2007
-
Shares OutstandingN/A
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerScott Hanson
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 a market capitalization-weighted index. The Index is designed to track the performance of a basket of companies that are domiciled in Latin America and who also have level II or III ADR program, New York Shares or Global Registered Shares listed with the NYSE or Nasdaq. Securities eligible for inclusion in the Index are evaluated to ensure their overall consistency with the character, design and purpose of the Index, which is to further its use as an effective benchmark. Decisions regarding additions to and removals from the Index are guided by certain pre-existing objective criteria. As of the date of this Prospectus, the Index consists of the following Latin American countries: Brazil, Chile, Colombia and Mexico. The Index is published under the Bloomberg ticker symbol “BKTLA.”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.•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 directly shorting stocks in order to seek returns for a single day that are inverse leveraged (-2x) 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 gain inverse 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 two times the inverse 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 inverse 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 fall (assuming there were no shares issued). As a result, the Fund’s inverse leveraged exposure will need to be decreased. Conversely, if the Index has fallen on a given day, net assets of the Fund should rise (assuming there were no share redemptions). As a result, the Fund’s inverse leveraged exposure will need to be increased.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 two times the inverse (-2x) of 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, country or region to approximately the same extent the Index is so concentrated or focused.As of July 31, 2022, the Index was concentrated in the materials industry group and was focused in the banks and energy industry groups. The Index was also concentrated in Brazil and was focused in Mexico.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details.
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UFPIX - Performance
Return Ranking - Trailing
| Period | UFPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -10.6% | -52.9% | 764.6% | 64.54% |
| 1 Yr | -4.4% | -78.3% | 690.5% | 82.61% |
| 3 Yr | -43.6%* | -91.2% | 68.1% | 80.88% |
| 5 Yr | -29.4%* | -71.9% | 30.3% | 68.99% |
| 10 Yr | -21.2%* | -68.1% | 2.7% | 59.65% |
* Annualized
Return Ranking - Calendar
| Period | UFPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -35.8% | -91.3% | 117.2% | 92.65% |
| 2021 | -10.6% | -100.0% | 39.6% | 30.66% |
| 2020 | -15.1% | -78.2% | 102.0% | 50.36% |
| 2019 | -7.9% | -36.6% | 351.8% | 37.59% |
| 2018 | -0.8% | -11.7% | 8.4% | 80.47% |
Total Return Ranking - Trailing
| Period | UFPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -10.6% | -75.6% | 764.6% | 64.54% |
| 1 Yr | -4.4% | -78.3% | 690.5% | 82.61% |
| 3 Yr | -43.6%* | -91.2% | 68.1% | 80.88% |
| 5 Yr | -29.4%* | -71.9% | 30.3% | 68.99% |
| 10 Yr | -21.2%* | -68.1% | 2.7% | 59.65% |
* Annualized
Total Return Ranking - Calendar
| Period | UFPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -35.8% | -91.3% | 117.2% | 92.65% |
| 2021 | -10.6% | -100.0% | 39.6% | 30.66% |
| 2020 | -15.1% | -78.2% | 102.0% | 50.36% |
| 2019 | -7.9% | -36.6% | 30.0% | 37.59% |
| 2018 | -0.8% | -11.7% | 8.4% | 80.47% |
NAV & Total Return History
UFPIX - Holdings
Concentration Analysis
| UFPIX | Category Low | Category High | UFPIX % Rank | |
|---|---|---|---|---|
| Net Assets | 490 K | 304 K | 2.47 B | 95.80% |
| Number of Holdings | 8 | 3 | 602 | 76.92% |
| Net Assets in Top 10 | 828 K | -7.43 B | 447 M | 56.64% |
| Weighting of Top 10 | N/A | 7.7% | 100.0% | 14.49% |
Top 10 Holdings
- Sociedad Hipotecaria Federal SNC IBD 0% 56.34%
- HSBC Bank Canada 0% 52.15%
- Sociedade Dos Vinhos Borges S.A. 0% 46.41%
- Soc 0.035% , 8/3/2020 44.28%
- Soc 0.035% , 8/3/2020 44.28%
- Soc 0.035% , 8/3/2020 44.28%
- Soc 0.035% , 8/3/2020 44.28%
- Soc 0.035% , 8/3/2020 44.28%
- Soc 0.035% , 8/3/2020 44.28%
- Soc 0.035% , 8/3/2020 44.28%
Asset Allocation
| Weighting | Return Low | Return High | UFPIX % Rank | |
|---|---|---|---|---|
| Cash | 102.01% | -114.39% | 361.39% | 65.73% |
| Stocks | 0.00% | -300.04% | 200.58% | 33.57% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 91.61% |
| Convertible Bonds | 0.00% | 0.00% | 2.47% | 91.61% |
| Bonds | 0.00% | -95.77% | 114.58% | 85.31% |
| Other | -2.01% | -207.14% | 100.00% | 69.93% |
UFPIX - Expenses
Operational Fees
| UFPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.78% | 0.49% | 5.20% | 41.01% |
| Management Fee | 0.75% | 0.35% | 1.50% | 57.64% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 40.00% |
| Administrative Fee | N/A | 0.03% | 0.45% | 43.28% |
Sales Fees
| UFPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| UFPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| UFPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 459.00% | N/A |
UFPIX - Distributions
Dividend Yield Analysis
| UFPIX | Category Low | Category High | UFPIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 1.59% | 92.36% |
Dividend Distribution Analysis
| UFPIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| UFPIX | Category Low | Category High | UFPIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.77% | -7.24% | 3.75% | 68.00% |
Capital Gain Distribution Analysis
| UFPIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 30, 2019 | $0.087 | OrdinaryDividend |
| Dec 27, 2007 | $4.516 | OrdinaryDividend |
UFPIX - Fund Manager Analysis
Managers
Scott Hanson
Start Date
Tenure
Tenure Rank
Aug 31, 2016
5.75
5.8%
Scott Hanson is Portfolio Manager at ProShare Advisors since August 2016, Associate Portfolio Manager from May 2012 to August 2016 and Senior Portfolio Analyst from August 2010 to May 2012.
Alexander Ilyasov
Start Date
Tenure
Tenure Rank
Aug 14, 2020
1.79
1.8%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.16 | 23.76 | 9.07 | 14.22 |