ProFunds Real Estate UltraSector Inv Grades A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. Recently, in the month of March 2023, ProFunds Real Estate UltraSector Inv returned -3.9%, which earned it a grade of F, as the Trading-Leveraged Equity category had an average return of 25.6%. By way of comparison, the average portfolio turnover is 274% for the Trading-Leveraged Equity category. ProFunds Real Estate UltraSector Inv has a portfolio turnover rate of 253%, indicating that holds its assets around 0.0 years. High portfolio turnover can translate to higher expenses and lower aftertax returns. It is best to compare fund expense ratios against the category averages for meaningful assessments. Certain investment categories such as small company and foreign also normally have higher expense ratios. Active management normally comes with higher expense ratios than passive index management. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. ProFunds Real Estate UltraSector Inv has an expense ratio of 1.55%, which is 23% lower than its category average, making the fund expense ratio grade a B. The ProFunds Real Estate UltraSector Inv expense ratio is high compared to funds in the Trading-Leveraged Equity category. The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns. The fund normally distributes its dividend income none and its capital gains annually. ProFunds Real Estate UltraSector Inv has a trailing dividend yield of 0.0%, which is below the 0.3% category average. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. The fund has $4 million in total assets, which is below the $32 million average for the Trading-Leveraged Equity category. ProFunds Real Estate UltraSector Inv has 23.6% of the portfolio in cash. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The overall assets allocated to domestic stock is 63.4%. ProFunds Real Estate UltraSector Inv has 0.0% of its portfolio invested in foreign issues. ProFunds Real Estate UltraSector Inv is part of the Miscellaneous global asset class and is within the Miscellaneous fund group. The fund is not considered to have an ESG focus with its investment selection and management. The fund meets the SEC requirement of being classified as a nondiversified fund. The top 10 holdings constitute 27.0% of the fund’s assets. ProFunds Real Estate UltraSector Inv has 98 securities in its portfolio. The fund has 1 primary benchmark: S&P Real Estate Select Sector TR USD index with a weighting of 150%. Management tenure is more important for actively managed funds than passive index funds.
There are 2 members of the management team with an average tenure of 7.21 years: Michael Neches (2013), Tarak Davé (2018). It is non-diversified.Ībout ProFunds Real Estate UltraSector Inv (REPIX) The index represents the real estate sector of the S&P 500 Index. The index is constructed and maintained by S&P Dow Jones Indices LLC. The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The investment seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the daily performance of the S&P Real Estate Select Sector Index. ProFunds Real Estate UltraSector Inv (REPIX) is a passively managed Miscellaneous Trading-Leveraged Equity fund. ProFunds Real Estate UltraSector Inv Overview
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