Mobile Telecommunications ProFund Changes to Communications Services
Mar 20, 2019
Bethesda, MD – March 20, 2019 – ProFunds, a leader in leveraged and inverse fund investing, announced today that its Mobile Telecommunications UltraSector ProFund will change benchmarks, scheduled to occur before the market opens on May 20, 2019. The fund will change its benchmark from the Dow Jones U.S. Mobile Telecommunications Index to the new S&P Communication Services Select Sector Index. To more accurately reflect its holdings, the fund’s name will change to Communication Services UltraSector ProFund.
Index Change Details
|
Fund Name |
New Fund Name |
Investor Class |
Service Class |
Current Index |
New Index |
|
Mobile Telecommunications UltraSector ProFund |
Communication Services UltraSector ProFund |
WCPIX |
WCPSX |
Dow Jones U.S. Mobile Telecommunications Index |
S&P Communication Services Select Sector Index |
About ProFunds
ProFunds, founded in 1997, is a premier provider of a diverse lineup of mutual funds offering trading flexibility to all shareholders. In addition to classic broad-market index funds, ProFunds offers leveraged and inverse funds that track a variety of broad market, sector and non-equity benchmarks. Together with ProShares, which launched the first U.S. leveraged and inverse exchange traded funds (ETFs) in 2006, ProFunds and its affiliates are global leaders in leveraged and inverse fund investing.