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Trending ETFs

Access Flex Bear High Yield ProFund

mutual fund
AFBIX
Payout Change
Suspended
Price as of:
$29.76 -0.18 -0.6%
primary theme
Inverse Bond
share class
AFBIX (Mutual Fund)

Access Flex Bear High Yield ProFund

Payout Change
Suspended
Price as of:
$29.76 -0.18 -0.6%
primary theme
Inverse Bond
share class
AFBIX (Mutual Fund)

Access Flex Bear High Yield ProFund

Payout Change
Suspended
Price as of:
$29.76 -0.18 -0.6%
primary theme
Inverse Bond
share class

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$29.76

$1.83 M

0.00%

2.53%

Vitals

YTD Return

-0.5%

1 yr return

-6.6%

3 Yr Avg Return

-1.4%

5 Yr Avg Return

N/A

Net Assets

$1.83 M

Holdings in Top 10

80.5%

52 WEEK LOW AND HIGH

$29.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.53%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$15,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$29.76

$1.83 M

0.00%

2.53%

AFBIX - Profile

Distributions

  • YTD Total Return -0.5%
  • 3 Yr Annualized Total Return -1.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.78%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Access Flex Bear High Yield ProFund
  • Fund Family Name
    ProFunds
  • Inception Date
    Apr 27, 2005
  • Shares Outstanding
    187
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Alexander Ilyasov

Fund Description

If the Fund is successful in meeting its objective, its net asset value should generally lose value as the high yield market (i.e., U.S. corporate high yield debt market) is rallying (gaining value). Conversely, its net asset value should generally increase in value as the high yield market is falling (losing value).The Fund is actively managed and seeks to achieve returns that are not directly correlated to any particular fixed income index. The Fund invests primarily in financial instruments that ProFund Advisors believes, in combination, should provide investment results that correspond generally to the inverse of the high yield market. The Fund uses the Markit iBoxx $ Liquid High Yield Index as a performance benchmark only and does not seek to track its performance or the inverse of its performance.The Fund will invest principally in the financial instruments listed below.Derivatives — Financial instruments whose value is derived from the value of an underlying asset or rate, such as stocks, bonds, ETFs, interest rates or indexes. These derivatives principally include:Credit Default Swaps (“CDS”) —The Fund intends to invest in centrally cleared, index-based CDS. CDS provide exposure to the credit of one or more debt issuers referred to as “reference entities.” These instruments are designed to reflect changes in credit quality, including events of default. CDS are most commonly discussed in terms of buying or selling credit protection with respect to a reference entity. Because the Fund seeks to provide short exposure to credit, it will generally be a net buyer of credit protection with respect to North American high yield debt issuers. Buying credit protection is equivalent to being “short” credit. Index-based CDS provide credit exposure, through a single trade, to a basket of reference entities. A variety of high yield, index-based CDS with different characteristics are currently available in the marketplace with new issuances occurring periodically. Issuances typically vary in terms of underlying reference entities and maturity and, thus, can have significant differences in performance over time. The Fund intends to typically invest in new issuances of 5.25 year maturity North American high yield, index-based CDS, which are issued every six months on a 100-name basket, which names vary from issue to issue.U.S. Treasury Futures Contracts — The Fund intends to invest in short U.S. Treasury futures contracts in order to obtain inverse exposure to interest rates, similar to the inverse interest rate exposure that would be present when shorting high yield bonds but is not present in CDS. U.S. Treasury futures contracts are standardized contracts traded on, or subject to the rules of, an exchange that call for the future delivery of a specified quantity and type of U.S. Treasury at a specified time and place or, alternatively, may call for cash settlement. The Fund will generally sell U.S. Treasury futures contracts as a substitute for a comparable market position in U.S. Treasury notes.Money Market Instruments — The Fund expects that any cash balances maintained in connection with its use of derivatives will typically be held in high quality, short-term money market instruments, for example:U.S. Treasury Bills — U.S. government securities that have initial maturities of one year or less, and are supported by the full faith and credit of the U.S. government.Repurchase Agreements — Contracts in which a seller of securities, usually U.S. government securities or other money market instruments, agrees to buy the securities back at a specified time and price.The Fund seeks to maintain inverse exposure to the high yield market regardless of market conditions and without taking defensive positions in cash or other instruments in anticipation of periods favorable for the high yield market (which would generally be adverse market conditions for this Fund). There is no assurance that the Fund will achieve its investment objective.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details.
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AFBIX - Performance

Return Ranking - Trailing

Period AFBIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -0.2% 16.7% 95.45%
1 Yr -6.6% -6.5% 23.4% 95.45%
3 Yr -1.4%* -2.1% 20.9% 95.45%
5 Yr N/A* -4.6% 4.4% 68.18%
10 Yr N/A* -12.8% -0.3% 60.00%

* Annualized

Return Ranking - Calendar

Period AFBIX Return Category Return Low Category Return High Rank in Category (%)
2023 -6.3% -20.8% 3.3% 77.27%
2022 8.0% 6.9% 150.2% 95.45%
2021 -4.6% -7.1% 7.5% 77.27%
2020 -6.6% -54.3% -6.6% 4.55%
2019 N/A -36.0% -6.6% 90.91%

Total Return Ranking - Trailing

Period AFBIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -0.2% 16.7% 95.45%
1 Yr -6.6% -6.5% 23.4% 95.45%
3 Yr -1.4%* -2.1% 20.9% 95.45%
5 Yr N/A* -4.6% 4.4% 59.09%
10 Yr N/A* -12.8% -0.3% 55.00%

* Annualized

Total Return Ranking - Calendar

Period AFBIX Return Category Return Low Category Return High Rank in Category (%)
2023 -6.3% -20.0% 4.6% 86.36%
2022 8.0% 6.9% 150.2% 95.45%
2021 -4.6% -6.7% 7.5% 86.36%
2020 -6.6% -54.1% -5.9% 18.18%
2019 N/A -34.9% -5.2% 90.91%

NAV & Total Return History


AFBIX - Holdings

Concentration Analysis

AFBIX Category Low Category High AFBIX % Rank
Net Assets 1.83 M 2.14 M 650 M 100.00%
Number of Holdings 8 4 23 68.18%
Net Assets in Top 10 1.7 M 456 K 456 M 95.45%
Weighting of Top 10 80.52% 38.4% 121.4% 95.45%

Top 10 Holdings

  1. SOCIETE GENERALE 27.35%
  2. Natwest Markets PLC 17.71%
  3. CREDIT AGRICOLE CIB NY 10.11%
  4. ROYAL BANK OF CANADA 10.11%
  5. HSBC SECURITIES USA INC 7.08%
  6. UMB FINANCIAL CORP 5.94%
  7. 5 YEAR US TREASURY NOTE FUTURE DEC23 1.61%
  8. CDX NORTH AMERICA HIGH YIELD INDEX 0.62%

Asset Allocation

Weighting Return Low Return High AFBIX % Rank
Other
80.52% 5.48% 100.09% 36.36%
Cash
19.48% 0.00% 98.86% 40.91%
Stocks
0.00% 0.00% 51.91% 72.73%
Preferred Stocks
0.00% 0.00% 0.00% 59.09%
Convertible Bonds
0.00% 0.00% 0.08% 72.73%
Bonds
0.00% -49.81% 12.84% 54.55%

AFBIX - Expenses

Operational Fees

AFBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.53% 0.90% 5.37% 36.36%
Management Fee 0.75% 0.75% 0.90% 45.45%
12b-1 Fee 0.00% 0.00% 1.00% 20.00%
Administrative Fee N/A 0.25% 0.25% 3.85%

Sales Fees

AFBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 4.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

AFBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AFBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 344.00% 88.67%

AFBIX - Distributions

Dividend Yield Analysis

AFBIX Category Low Category High AFBIX % Rank
Dividend Yield 0.00% 0.00% 12.39% 90.91%

Dividend Distribution Analysis

AFBIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Quarterly

Net Income Ratio Analysis

AFBIX Category Low Category High AFBIX % Rank
Net Income Ratio -1.78% -3.85% -0.83% 63.64%

Capital Gain Distribution Analysis

AFBIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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AFBIX - Fund Manager Analysis

Managers

Alexander Ilyasov


Start Date

Tenure

Tenure Rank

Apr 05, 2019

3.16

3.2%

Alexander Ilyasov, ProShare Advisors: Senior Portfolio Manager since October 2013 and Portfolio Manager from November 2009 through September 2013. ProFund Advisors LLC: Senior Portfolio Manager since October 2013 and Portfolio Manager from November 2009 through September 2013. World Asset Management, Inc.: Portfolio Manager from January 2006 through November 2009. Ilyasov joined WAM’s predecessor entity in September 2005 as a member of its International Investment Team. Since joining in 2005, he has been involved in supporting WAM’s international equity product line.

James Linneman


Start Date

Tenure

Tenure Rank

Mar 15, 2022

0.21

0.2%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.21 27.26 11.01 14.22