Ultra Nasdaq-100 is trading at 112.71 as of the 21st of November 2024; that is 0.72 percent up since the beginning of the trading day. The fund's open price was 111.9. Ultra Nasdaq-100 has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Ultra Nasdaq 100 Profunds are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of October 2024 and ending today, the 21st of November 2024. Click here to learn more.
The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. More on Ultra Nasdaq 100 Profunds
Ultra Nasdaq 100 Profunds [UOPIX] is traded in USA and was established 21st of November 2024. Ultra Nasdaq-100 is listed under ProFunds category by Fama And French industry classification. The fund is listed under Trading--Leveraged Equity category and is part of ProFunds family. This fund at this time has accumulated 735.35 M in net assets with minimum initial investment of 15 K. Ultra Nasdaq 100 is currently producing year-to-date (YTD) return of 34.97% with the current yeild of 0.0%, while the total return for the last 3 years was 4.9%.
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Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Ultra Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Ultra Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Ultra Nasdaq 100 Profunds Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Ultra Nasdaq 100 Profunds Mutual Fund Constituents
Other Information on Investing in Ultra Mutual Fund
Ultra Nasdaq-100 financial ratios help investors to determine whether Ultra Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ultra with respect to the benefits of owning Ultra Nasdaq-100 security.