ProFunds Mid Cap Growth Fund Investor Class (MGPIX)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
MGPIX Chart
ProFunds Mid Cap Growth Fund Investor Class (MGPIX) FAQ
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ProFunds Mid Cap Growth Fund Investor Class Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The fund is tailored for investors seeking to track the Nasdaq-100 Index, encompassing 100 of the largest domestic and international non-financial companies based on market capitalization. It stands out due to its commitment towards achieving daily returns that align with its Daily Target, indicating its proactive approach in managing investments to meet specific financial goals. Notably, the fund is classified as non-diversified, suggesting a concentrated investment strategy that might focus on fewer securities, potentially leading to higher risk and reward scenarios.
Products and Services
- Daily Target Investing
This product aims to generate returns that match the Daily Target set by the fund advisors. Utilizing financial instruments believed to synergize towards this goal, it reflects a strategic approach to achieving daily performance objectives.
- Nasdaq-100 Index Tracking
Through meticulous selection, the fund aims to mirror the performance of the Nasdaq-100 Index, which comprises the top 100 large-scale domestic and international non-financial companies. This index is recognized for its broad exposure to technology and innovation-centric companies, offering investors an opportunity to partake in the growth potential of these sectors.
