Consumer Staples UltraSector ProFund Svc

Frequently Asked Questions About CNPSX

What does CNPSX invest in?

The index is designed to measure the performance of consumer staples companies included in the S&P 500 Index. Under normal circumstances, the fund will obtain leveraged exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.

What is the expense ratio of CNPSX?

Consumer Staples UltraSector ProFund Svc (CNPSX) charges an expense ratio of 2.78%. This is the annual fee deducted from fund assets to cover management and operations.

Is CNPSX a good long-term hold?

CNPSX is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does CNPSX's daily reset work?

CNPSX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is CNPSX?

Consumer Staples UltraSector ProFund Svc (CNPSX) is one share class of a fund that manages $4.8M across all of its share classes (CNPIX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is CNPSX actively managed or an index fund?

CNPSX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.