- What does UOPIX invest in?
- This fund's objective is to achieve daily investment results, before any charges, that are twice (2x) the daily performance of the Nasdaq-100® Index. To meet this aggressive aim, ProFund Advisors strategically allocates capital to various financial instruments, which, in combination, are expected to produce daily returns consistent with its investment mandate. The benchmark Nasdaq-100® Index tracks the top 100 non-financial companies, both domestic and global, whose shares are traded on The Nasdaq Stock Market and are ranked by their market value. Crucially, the fund operates as a non-diversified entity.
- What is the expense ratio of UOPIX?
- ProFunds UltraNASDAQ-100 Fund Investor Class (UOPIX) charges an expense ratio of 1.45%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is UOPIX?
- ProFunds UltraNASDAQ-100 Fund Investor Class (UOPIX) manages $1.17B 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 UOPIX actively managed or an index fund?
- UOPIX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (UOPIX's is 1.45%) because there's no security selection cost.
- When was UOPIX launched?
- ProFunds UltraNASDAQ-100 Fund Investor Class (UOPIX) launched in November 1997 and is managed by the fund issuer.
- How has UOPIX performed?
- UOPIX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
