Short Bitcoin Strategy ProFund
Investment Objective
Short Bitcoin Strategy ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the return of the S&P CME Bitcoin Futures Index.
Documents & Downloads
You may order paper copies by contacting ProFunds Client Services at 866-PRO-5125 (866-776-5125)
About the Fund
Investor Class
- Ticker BITIX
- CUSIP 74318X620
- Fund Number 121
- NAV (as of 12/08/2023) $7.58
- NAV Change $-0.22 ( -2.82%)
Details
- Inception Date 6/21/2022
- Fund Group Digital Assets ProFunds
- Limits on Exchanges See prospectus
- Minimum Investment (Individual) $1,000
- Minimum Investment (Financial Professional) $1,000
- Gross Expense Ratio 1.26%
- Net Expense Ratio 1.26%
Investor Class
- Ticker BITIX
- CUSIP 74318X620
- Fund Number 121
- NAV (as of 12/08/2023) $7.58
- NAV Change $-0.22 (-2.82%)
Service Class
Details
- Inception Date 6/21/2022
- Fund Group Digital Assets ProFunds
- Limits on Exchanges See prospectus
- Minimum Investment (Individual) $1,000
- Minimum Investment (Financial Professional) $1,000
- Gross Expense Ratio 1.26%
- Net Expense Ratio 1.26%
*Contractual waiver effective from December 1, 2022 through November 30, 2023. Without such a waiver of fees, the total returns may have been lower.
All data, unless otherwise noted, is for Investor Class Shares only and is subject to change.
Performance
Growth of $10,000
Since Inception
For standardized returns year-to-date, and as of the most recent calendar quarter-end, and annualized month-end, see performance. Returns include the reinvestment of dividends and capital gains.
Total Return
| Fund + Index | 1m | 3m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Gross Expense Ratio (%) |
Net Expense Ratio |
Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Short Bitcoin Strategy ProFund | -8.64% | -32.10% | -63.51% | -63.05% | -- | -- | -- | -50.76% | 1.26% | 1.26% | 06/21/2022 |
| Fund + Index | 1m | 3m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Gross Expense Ratio (%) |
Net Expense Ratio |
Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Short Bitcoin Strategy ProFund | -3.10% | 11.27% | -47.93% | -46.05% | -- | -- | -- | -40.70% | 1.26% | 1.26% | 06/21/2022 |
| Fund + Index | 1m | 3m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Gross Expense Ratio (%) |
Net Expense Ratio |
Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund + Index | 1m | 3m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Gross Expense Ratio (%) |
Net Expense Ratio |
Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|---|
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.
Index
S&P CME Bitcoin Futures Index
The Index is designed to measure the performance of the CME Bitcoin Futures market by tracking the nearest maturing monthly bitcoin futures contract trading on the CME. It is a “rolling index” - the roll occurs over a five-day roll period every month, effective prior to the open of trading five business days preceding the last trading date of the futures contract. The last trading date of the bitcoin futures contracts is the last Friday of the contract month. The index rolls monthly and distributes the weights 20% each day over a five-day roll period.
Distributions
There is no guarantee that dividends or interest income will be paid.