- What does UMPSX invest in?
- This fund commits capital to various financial instruments, which ProFund Advisors expects to collectively deliver daily returns aligned with its defined investment objectives. Its holdings are structured to track a float-adjusted, market capitalization-weighted index composed of 400 U.S. operating companies and Real Estate Investment Trusts (REITs). The selection of these underlying assets involves a rigorous process, considering attributes like liquidity, share price, market value, financial health, and the public float of their shares. This portfolio is categorized as non-diversified.
- What is the expense ratio of UMPSX?
- ProFunds UltraMid Cap Fund (UMPSX) charges an expense ratio of 2.56%. This is the annual fee deducted from fund assets to cover management and operations.
- Is UMPSX a good long-term hold?
- UMPSX 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 UMPSX's daily reset work?
- UMPSX 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 UMPSX?
- ProFunds UltraMid Cap Fund (UMPSX) manages $126.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.
- Is UMPSX actively managed or an index fund?
- UMPSX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
