ProFunds Technology UltraSector Fund Service Class (TEPSX)

Overview

The fund is a focused investment vehicle that aims to yield returns closely aligning with its Daily Target. By investing in a range of financial instruments selected by its advisors, the fund seeks to achieve its objective through a calculated strategy. The target index comprises equity securities from companies within specific sectors of the Global Industry Classification Standard (GICS), namely IT services, software, communications equipment, technology hardware, storage & peripherals, electronic equipment, instruments & components, and semiconductors & semiconductor equipment. This fund is characterized by its non-diversified nature, meaning it invests in a narrower range of assets compared to diversified funds, potentially resulting in higher volatility and risk along with the possibility of higher returns.

Products and Services

• IT Services & Software:

  Investments in companies providing information technology services and software development, including cloud computing, cybersecurity, and specialized software solutions.

• Communications Equipment:

  Focusing on businesses that manufacture equipment used for communication such as broadcasting hardware, telecommunications gear, and related technologies, aiming to leverage the growing demand for improved communication infrastructure.

• Technology Hardware, Storage & Peripherals:

  Targeting manufacturers and developers of physical technology goods, from personal computing devices to storage solutions and various peripherals, capturing the advancements and consumer demand in the digital and computing space.

• Electronic Equipment, Instruments & Components:

  Investment in companies involved in the production of electronic equipment, instruments, and components, tapping into the innovation and development within the electronics manufacturing sector.

• Semiconductors & Semiconductor Equipment:

  Focusing on the semiconductor industry, including the manufacturers of semiconductor chips and the equipment used in the production process, a critical sector underpinning the technology and electronics industries.