Description

This fund's objective is to achieve daily investment results, before any charges, that are twice (2x) the daily performance of the Nasdaq-100® Index. To meet this aggressive aim, ProFund Advisors strategically allocates capital to various financial instruments, which, in combination, are expected to produce daily returns consistent with its investment mandate. The benchmark Nasdaq-100® Index tracks the top 100 non-financial companies, both domestic and global, whose shares are traded on The Nasdaq Stock Market and are ranked by their market value. Crucially, the fund operates as a non-diversified entity.