UltraChina ProFund
Name
As of 11/22/2024Price
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
-23.0%
1 yr return
-21.0%
3 Yr Avg Return
-40.0%
5 Yr Avg Return
-29.6%
Net Assets
$25.5 M
Holdings in Top 10
63.5%
52 WEEK LOW AND HIGH
$20.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.81%
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 11/22/2024Price
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
UGPIX - Profile
Distributions
- YTD Total Return -23.0%
- 3 Yr Annualized Total Return -40.0%
- 5 Yr Annualized Total Return -29.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.05%
- Dividend Yield 4.2%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameUltraChina ProFund
-
Fund Family NameProFunds
-
Inception DateFeb 04, 2008
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerScott Hanson
Fund Description
The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Daily Target.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 China and that have a level II or III ADR program, New York Shares or Global Registered Shares listed with the New York Stock Exchange 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. More information about the Index is published under the Bloomberg ticker symbol “BKTCN.”Under normal circumstances, the Fund will obtain leveraged exposure to at least 80% of its total assets in component securities of the Index or in instruments with similar economic characteristics.The Fund will invest principally in the financial instruments listed below.•Equity Securities — Common stock issued by public companies.•Depositary Receipts — The Fund may invest in depositary receipts, which principally include:○American Depositary Receipts (ADRs), which represent the right to receive securities of foreign issuers deposited in a bank or trust company and are an alternative to purchasing the underlying securities in their national markets and currencies○Global Depositary Receipts (GDRs), which are receipts for shares in a foreign-based corporation traded in capital markets around the world.•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:○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 or “swap” payments based on the change in value of an underlying asset or benchmark. For example, two parties may agree to exchange the return (or differentials in rates of returns) earned or realized on a particular investment or instrument.•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.ProFund Advisors uses a mathematical approach to investing in which it 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 Daily Target. For these purposes a day is measured from the time of one net asset value (“NAV”) calculation to the next.The Fund seeks to remain fully invested at all times in financial instruments that, in combination, provide leveraged exposure consistent with the investment objective, without regard to market conditions, trends or direction. However, 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 leveraged exposure consistent with the investment objective.The Fund seeks to rebalance its portfolio each day so that its exposure to the Index is consistent with the Daily Target. 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.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details.
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UGPIX - Performance
Return Ranking - Trailing
| Period | UGPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -23.0% | -69.2% | 140.0% | 96.20% |
| 1 Yr | -21.0% | -59.6% | 185.5% | 96.84% |
| 3 Yr | -40.0%* | -50.5% | 34.7% | 96.84% |
| 5 Yr | -29.6%* | -40.0% | 56.7% | 96.20% |
| 10 Yr | -17.2%* | -37.3% | 43.1% | 96.38% |
* Annualized
Return Ranking - Calendar
| Period | UGPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -14.4% | -56.9% | 257.9% | 93.04% |
| 2022 | -53.0% | -91.0% | 124.5% | 73.42% |
| 2021 | -73.9% | -79.4% | 168.2% | 98.73% |
| 2020 | 76.5% | -97.4% | 132.6% | 6.33% |
| 2019 | 40.0% | -53.1% | 229.8% | 64.10% |
Total Return Ranking - Trailing
| Period | UGPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -23.0% | -69.2% | 140.0% | 96.20% |
| 1 Yr | -21.0% | -59.6% | 185.5% | 96.84% |
| 3 Yr | -40.0%* | -50.5% | 34.7% | 96.84% |
| 5 Yr | -29.6%* | -40.0% | 56.7% | 96.20% |
| 10 Yr | -17.2%* | -37.3% | 43.1% | 96.38% |
* Annualized
Total Return Ranking - Calendar
| Period | UGPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -11.6% | -55.8% | 259.6% | 90.51% |
| 2022 | -53.0% | -91.0% | 130.7% | 73.42% |
| 2021 | -73.9% | -79.4% | 168.2% | 98.73% |
| 2020 | 76.5% | -97.4% | 132.6% | 8.86% |
| 2019 | 40.1% | -52.7% | 231.9% | 65.38% |
NAV & Total Return History
UGPIX - Holdings
Concentration Analysis
| UGPIX | Category Low | Category High | UGPIX % Rank | |
|---|---|---|---|---|
| Net Assets | 25.5 M | 1.5 M | 22.2 B | 65.27% |
| Number of Holdings | 50 | 5 | 2009 | 53.70% |
| Net Assets in Top 10 | 11 M | 1.08 M | 9.23 B | 68.52% |
| Weighting of Top 10 | 63.47% | 13.9% | 185.3% | 39.51% |
Top 10 Holdings
- ALIBABA GROUP HOLDING LTD ADR 19.13%
- PDD HOLDINGS INC 15.85%
- JD COM INC ADR 4.42%
- NETEASE INC ADR 4.19%
- LI AUTO INC 3.78%
- Invesco Government Agency Portfolio 3.43%
- BEIGENE LTD ADR 3.34%
- BAIDU INC ADR 3.19%
- NEW ORIENTAL EDUCATION TECHNOLOGY GROUP INC 3.08%
- KE HOLDINGS INC 3.06%
Asset Allocation
| Weighting | Return Low | Return High | UGPIX % Rank | |
|---|---|---|---|---|
| Other | 12.65% | -7.39% | 99.69% | 70.37% |
| Cash | 3.43% | 0.00% | 104.72% | 48.15% |
| Stocks | 0.00% | 0.00% | 375.12% | 90.74% |
| Preferred Stocks | 0.00% | 0.00% | 1.99% | 22.22% |
| Convertible Bonds | 0.00% | 0.00% | 0.32% | 26.54% |
| Bonds | 0.00% | 0.00% | 37.59% | 31.48% |
UGPIX - Expenses
Operational Fees
| UGPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.81% | 0.68% | 5.63% | 49.37% |
| Management Fee | 0.75% | 0.00% | 0.95% | 16.77% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 4.72% |
| Administrative Fee | N/A | 0.03% | 0.25% | 27.37% |
Sales Fees
| UGPIX 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
| UGPIX 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.
| UGPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 266.00% | 94.29% |
UGPIX - Distributions
Dividend Yield Analysis
| UGPIX | Category Low | Category High | UGPIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.23% | 0.00% | 18.26% | 8.38% |
Dividend Distribution Analysis
| UGPIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Monthly | Annually |
Net Income Ratio Analysis
| UGPIX | Category Low | Category High | UGPIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.05% | -2.77% | 2.92% | 68.35% |
Capital Gain Distribution Analysis
| UGPIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $0.841 | OrdinaryDividend |
| Dec 30, 2019 | $0.108 | OrdinaryDividend |
| Dec 28, 2017 | $1.429 | OrdinaryDividend |
| Dec 22, 2010 | $1.139 | CapitalGainLongTerm |
| Dec 29, 2009 | $0.004 | OrdinaryDividend |
UGPIX - 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 |
|---|---|---|---|
| 1.79 | 28.9 | 9.84 | 8.67 |