News

Fund of the Week: ProFunds Internet UltraSector (INPSX)

Shauna O'Brien Jan 14, 2015

With many internet-focused hitting lows, many investors have been paying close attention to some of these these big-name stocks. This week, we have chosen the ProFunds Internet UltraSector Fund (INPSX) as our fund of the week.

Inside the Fund

The fund was launched in 2000 and is managed by Charles Lowery and Michael Neches. Currently, it has about $57 billion in assets under management (AUM).

The fund is comprised completely of U.S-based companies in the technology and consumer cyclical sectors. So far in 2014, the fund is down 2.5%.

Historical Performance

2010	2011	2012	2013	2014
52.47%	-13.55%	28.27%	83.94%	-.50%

ProFunds Internet UltraSector’s Largest Holdings

Nearly 30% of the fund’s portfolio is in its top five holdings. Each of these holdings are down YTD.

Symbol	Stock	Portfolio Weight	2015 Performance
FB	Facebook	7.58%	-2%
AMZN	Amazon	6.17%	-4.5%
PCLN	Priceline	4.96%	-9%
EBAY	eBay	4.67%	-1%
YHOO	Yahoo!	4.13%	-5%

The Bottom Line

Many companies in this industry have been considered momentum or growth stocks, but recently they have been stumbling. Other than energy stocks, internet-focused stocks have been some of the worst performers in the market lately. Investors interested in any of these stocks, or a mutual fund like ProFunds Internet UltraSector, should consider the recent downfall before jumping in.