Any buyers hoping to search out an Index fund might take into consideration beginning with ProFunds UltraNASDAQ-100 Fund Investor (UOPIX). UOPIX possesses a Zacks Mutual Fund Rank of 1 (Robust Purchase), which is predicated on varied forecasting elements like dimension, value, and previous efficiency.
Historical past of Fund/Supervisor
ProFunds is predicated in Columbus, OH, and is the supervisor of UOPIX. Since ProFunds UltraNASDAQ-100 Fund Investor made its debut in December of 1997, UOPIX has garnered greater than $832.19 million in belongings. The fund is presently managed by Michael Neches who has been in command of the fund since October of 2013.
Efficiency
In fact, buyers search for sturdy efficiency in funds. This fund has delivered a 5-year annualized whole return of 32.13%, and is within the prime third amongst its class friends. However in case you are on the lookout for a shorter time-frame, it is usually value taking a look at its 3-year annualized whole return of 10.97%, which locations it within the center third throughout this time frame.
It is very important observe that the product’s returns could not replicate all its bills. Any charges not mirrored would decrease the returns. Whole returns don’t replicate the fund’s [%] sale cost. If gross sales costs had been included, whole returns would have been decrease.
When taking a look at a fund’s efficiency, it is usually necessary to notice the usual deviation of the returns. The decrease the usual deviation, the much less volatility the fund experiences. UOPIX’s customary deviation over the previous three years is 44.74% in comparison with the class common of 26.09%. Over the previous 5 years, the usual deviation of the fund is 43.97% in comparison with the class common of 27.24%. This makes the fund extra risky than its friends over the previous half-decade.
Danger Components
Buyers shouldn’t overlook about beta, an necessary solution to measure a mutual fund’s danger in comparison with the market as an entire. UOPIX has a 5-year beta of two.25, which implies it’s prone to be extra risky than the market common. One other issue to contemplate is alpha, because it displays a portfolio’s efficiency on a risk-adjusted foundation relative to a benchmark-in this case, the S&P 500. UOPIX has generated a optimistic alpha over the previous 5 years of three.53, demonstrating that managers on this portfolio are expert in selecting securities that generate better-than-benchmark returns.
Bills
For buyers, taking a better take a look at cost-related metrics is vital, since prices are more and more necessary for mutual fund investing. Competitors is heating up on this area, and a decrease value product will doubtless outperform its in any other case similar counterpart, all issues being equal. When it comes to charges, UOPIX is a no load fund. It has an expense ratio of 1.52% in comparison with the class common of 1.44%. UOPIX is definitely costlier than its friends when you think about elements like value.
Buyers must also observe that the minimal preliminary funding for the product is $15,000 and that every subsequent funding has no minimal quantity.
Charges charged by funding advisors haven’t been taken into considiration. Returns could be much less if these had been included.
Backside Line
General, even with its comparatively sturdy efficiency, worse draw back danger, and better charges, ProFunds UltraNASDAQ-100 Fund Investor ( UOPIX ) has a excessive Zacks Mutual Fund rank, and due to this fact seems to be potential alternative for buyers proper now.
For extra info on this product, or to match it to different mutual funds within the Index, be certain to go to www.zacks.com/funds/mutual-funds for extra info. For evaluation of the remainder of your portfolio, be certain to go to Zacks.com for our full suite of instruments which is able to aid you examine all your shares and funds in a single place.
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
