ProFunds Consumer Discretionary UltraSector Fund Service Class (CYPSX)

Overview

The fund is specially designed for investors looking to target the consumer discretionary sector of the S&P 500 Index. By investing in financial instruments that are believed to have the potential to produce daily returns in alignment with the Daily Target, this fund provides a focused investment strategy. The index, reflecting the performance of the consumer discretionary sector, is constructed and maintained by the reputable S&P Dow Jones Indices LLC, ensuring reliability and transparency in the benchmarking process. Being non-diverse, the fund takes a concentrated approach, directing its investments primarily into the specified sector without spreading across multiple industries. This strategic decision allows for a more targeted investment opportunity, though it also suggests a higher level of risk associated with the lack of diversification.

Products and Services

• Financial Instruments Investments

The core of the fund's strategy lies in its investments in financial instruments that are meticulously chosen by the fund advisors. These instruments are selected based on their potential to achieve daily returns that align with the Daily Target, aiming to optimize the fund's performance specifically within the consumer discretionary sector.

• S&P 500 Consumer Discretionary Sector Index

By targeting the consumer discretionary sector of the S&P 500 Index, the fund provides investors with a unique opportunity to leverage potential growth in this sector. The index, managed by S&P Dow Jones Indices LLC, represents companies within the S&P 500 that are considered part of the consumer discretionary sector, which includes industries such as automotive, household durable goods, apparel, leisure equipment, and services.