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NASDAQ-100 PROFUND
mutual fund
OTPIX
Payout Change
Suspended
Price as of:
$46.44
-0.32
-0.68%
primary theme
U.S. Large-Cap Growth Equity
share class
OTPIX (Mutual Fund)
NASDAQ-100 PROFUND
Payout Change
Suspended
Price as of:
$46.44
-0.32
-0.68%
primary theme
U.S. Large-Cap Growth Equity
share class
OTPIX (Mutual Fund)
NASDAQ-100 PROFUND
Payout Change
Suspended
Price as of:
$46.44
-0.32
-0.68%
primary theme
U.S. Large-Cap Growth Equity
share class
Name
As of 12/12/2024Price
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
Vitals
YTD Return
26.8%
1 yr return
29.0%
3 Yr Avg Return
9.0%
5 Yr Avg Return
18.6%
Net Assets
$133 M
Holdings in Top 10
60.3%
52 WEEK LOW AND HIGH
$46.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.57%
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 12/12/2024Price
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
OTPIX - Profile
Distributions
- YTD Total Return 26.8%
- 3 Yr Annualized Total Return 9.0%
- 5 Yr Annualized Total Return 18.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.01%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameNASDAQ-100 PROFUND
-
Fund Family NameProFunds
-
Inception DateAug 07, 2000
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Neches
Fund Description
The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index.The Index is designed to measure the performance of 100 of the largest Nasdaq-listed non-financial companies. The Index includes non-financial companies listed on the Nasdaq Global Select Market or the Nasdaq Global Market (which include both U.S. and non-U.S. companies). The top 100 companies based on market capitalization are included in the Index. These companies are then weighted based on market capitalization. The Index’s composition and the assigned weights are reevaluated every December, with additional weight adjustments occurring in March, June, and September. The Index is constructed and maintained by Nasdaq Inc. More information about the Index can be found using the Bloomberg ticker symbol “NDX.”Under normal circumstances, the Fund will invest at least 80% of its total assets in components of the Index or in instruments with similar economic characteristics.The Fund will invest principally in the financial instruments listed below.●Equity Securities — Common stock issued by public companies.●Derivatives — Financial instruments whose value is derived from the value of an underlying asset or assets, such as stocks, bonds, ETFs, interest rates or indexes. The Fund invests in derivatives in order to gain exposure to the Index. These derivatives principally include:○Swap Agreements — Contracts entered into primarily with major global financial institutions for a specified period ranging from a day to more than one year. In a standard swap transaction, two parties agree to exchange or “swap” payments based on the change in value of an underlying asset or benchmark. For example, two parties may agree to exchange the return (or differentials in rates of returns) earned or realized on a particular investment or instrument.○Futures Contracts — Standardized contracts that obligate the parties to buy or sell an asset at a predetermined price and date in the future.●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.ProFund Advisors uses a mathematical approach to investing in which it determines the type, quantity and mix of investment positions that it believes, in combination, the Fund should hold to produce returns consistent with its investment objective. The Fund seeks to remain fully invested at all times in financial instruments that, in combination, provide exposure consistent with the investment objective, without regard to market conditions, trends or direction. The Fund may also invest in or gain exposure to only a representative sample of the securities in the Index or to securities not contained in the Index or in financial instruments, with the intent of obtaining exposure consistent with the investment objective.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details.
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OTPIX - Performance
Return Ranking - Trailing
| Period | OTPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 26.8% | -37.8% | 56.1% | 70.18% |
| 1 Yr | 29.0% | -36.3% | 134.4% | 70.91% |
| 3 Yr | 9.0%* | -21.2% | 35.4% | 51.62% |
| 5 Yr | 18.6%* | -12.8% | 32.8% | 19.51% |
| 10 Yr | 16.3%* | -3.9% | 21.1% | 15.01% |
* Annualized
Return Ranking - Calendar
| Period | OTPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 51.7% | -74.1% | 72.4% | 4.29% |
| 2022 | -34.4% | -85.9% | 4.7% | 53.85% |
| 2021 | 21.5% | -52.4% | 60.5% | 12.25% |
| 2020 | 43.4% | -34.3% | 145.0% | 14.74% |
| 2019 | 35.4% | -6.9% | 49.4% | 5.30% |
Total Return Ranking - Trailing
| Period | OTPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 26.8% | -37.8% | 56.1% | 70.18% |
| 1 Yr | 29.0% | -36.3% | 134.4% | 70.91% |
| 3 Yr | 9.0%* | -21.2% | 35.4% | 51.62% |
| 5 Yr | 18.6%* | -12.8% | 32.8% | 19.51% |
| 10 Yr | 16.3%* | -3.9% | 21.1% | 15.01% |
* Annualized
Total Return Ranking - Calendar
| Period | OTPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 51.7% | -4.6% | 72.4% | 6.66% |
| 2022 | -34.4% | -61.7% | 5.6% | 77.20% |
| 2021 | 24.6% | -39.8% | 118.1% | 30.22% |
| 2020 | 45.0% | 2.8% | 149.2% | 21.73% |
| 2019 | 36.6% | -5.2% | 49.4% | 18.14% |
NAV & Total Return History
OTPIX - Holdings
Concentration Analysis
| OTPIX | Category Low | Category High | OTPIX % Rank | |
|---|---|---|---|---|
| Net Assets | 133 M | 296 K | 287 B | 87.94% |
| Number of Holdings | 111 | 2 | 3061 | 21.96% |
| Net Assets in Top 10 | 72.1 M | 126 K | 150 B | 86.84% |
| Weighting of Top 10 | 60.33% | 0.7% | 205.0% | 23.66% |
Top 10 Holdings
- HSBC SECURITIES USA INC 10.55%
- SOCIETE GENERALE 9.13%
- NATWEST MARKETS PLC 8.11%
- UMB FINANCIAL CORP 6.19%
- CREDIT AGRICOLE CIB NY 5.07%
- APPLE COMPUTER INC 5.04%
- NVIDIA CORP 4.78%
- MICROSOFT CORP 4.43%
- ROYAL BANK OF CANADA 4.06%
- BROADCOM INC 2.98%
Asset Allocation
| Weighting | Return Low | Return High | OTPIX % Rank | |
|---|---|---|---|---|
| Stocks | 56.33% | 0.00% | 123.52% | 99.36% |
| Other | 42.58% | -36.56% | 50.35% | 0.18% |
| Cash | 0.31% | 0.00% | 173.52% | 75.05% |
| Preferred Stocks | 0.00% | 0.00% | 8.45% | 90.20% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 88.27% |
| Bonds | 0.00% | 0.00% | 102.71% | 88.20% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | OTPIX % Rank | |
|---|---|---|---|---|
| Technology | 48.48% | 0.00% | 65.70% | 5.00% |
| Communication Services | 18.55% | 0.00% | 66.40% | 5.91% |
| Consumer Cyclical | 15.76% | 0.00% | 62.57% | 50.73% |
| Healthcare | 5.71% | 0.00% | 39.76% | 96.82% |
| Consumer Defense | 5.28% | 0.00% | 25.50% | 26.64% |
| Industrials | 3.75% | 0.00% | 30.65% | 74.82% |
| Financial Services | 1.46% | 0.00% | 43.06% | 96.36% |
| Utilities | 1.01% | 0.00% | 16.07% | 17.45% |
| Real Estate | 0.00% | 0.00% | 16.05% | 97.18% |
| Energy | 0.00% | 0.00% | 41.09% | 95.64% |
| Basic Materials | 0.00% | 0.00% | 18.91% | 96.64% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | OTPIX % Rank | |
|---|---|---|---|---|
| US | 56.33% | 0.00% | 123.52% | 99.00% |
| Non US | 0.00% | 0.00% | 75.46% | 92.83% |
OTPIX - Expenses
Operational Fees
| OTPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.57% | 0.01% | 28.71% | 17.21% |
| Management Fee | 0.70% | 0.00% | 1.50% | 72.03% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 16.40% |
| Administrative Fee | N/A | 0.01% | 1.02% | 24.94% |
Sales Fees
| OTPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| OTPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 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.
| OTPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 316.74% | 54.76% |
OTPIX - Distributions
Dividend Yield Analysis
| OTPIX | Category Low | Category High | OTPIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 27.58% | 95.64% |
Dividend Distribution Analysis
| OTPIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| OTPIX | Category Low | Category High | OTPIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.01% | -6.13% | 3.48% | 87.85% |
Capital Gain Distribution Analysis
| OTPIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2021 | $0.923 | OrdinaryDividend |
| Dec 21, 2020 | $0.332 | OrdinaryDividend |
| Dec 23, 2019 | $0.104 | CapitalGainShortTerm |
| Dec 23, 2019 | $0.081 | CapitalGainLongTerm |
| Dec 20, 2017 | $0.119 | CapitalGainShortTerm |
| Dec 15, 2014 | $0.095 | CapitalGainShortTerm |
| Dec 15, 2014 | $0.018 | CapitalGainLongTerm |
| Dec 12, 2013 | $0.126 | CapitalGainShortTerm |
| Dec 12, 2013 | $0.105 | CapitalGainLongTerm |
| Dec 26, 2012 | $0.062 | CapitalGainShortTerm |
| Dec 26, 2012 | $0.043 | CapitalGainLongTerm |
| Dec 22, 2010 | $0.156 | CapitalGainShortTerm |
| Dec 22, 2010 | $0.022 | CapitalGainLongTerm |
| Dec 23, 2009 | $0.099 | CapitalGainShortTerm |
| Dec 30, 2008 | $0.009 | OrdinaryDividend |
| Dec 18, 2007 | $0.091 | CapitalGainShortTerm |
| Sep 24, 2007 | $0.013 | CapitalGainLongTerm |
| Dec 28, 2006 | $0.066 | CapitalGainLongTerm |
| Dec 29, 2005 | $0.015 | OrdinaryDividend |
| Dec 29, 2003 | $0.124 | CapitalGainShortTerm |
| Dec 29, 2003 | $0.032 | CapitalGainLongTerm |
OTPIX - Fund Manager Analysis
Managers
Michael Neches
Start Date
Tenure
Tenure Rank
Oct 01, 2013
8.67
8.7%
Michael Neches joined ProShare Advisors in 2000, and presently serves as a Senior Portfolio Manager. He previously served as the Senior Portfolio Manager responsible for the company’s commodities desk for two years, as a Portfolio Manager and team lead, as an Associate Portfolio Manager and as a Portfolio Analyst. Mr. Neches earned a Bachelor of Science in Finance from the University of Maryland, College Park and an MBA from Georgetown University.
Devin Sullivan
Start Date
Tenure
Tenure Rank
Apr 30, 2018
4.09
4.1%
Devin Sullivan is Portfolio Manager at ProShare Advisors since September 2016 and Associate Portfolio Manager from December 2011 to August 2016.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.25 | 3.08 |
