Total returns on $10,000
Objective
The investment seeks daily investment results, before fees and expenses, that correspond to twice the inverse (-2x) of the daily performance of the S&P 500®.
The fund invests in derivatives that the adviser believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. It is a float-adjusted, market capitalization weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization and financial viability. The fund is non-diversified.
Profile
| Fund type | Open Ended Investment Company |
|---|---|
| Morningstar category | Bear Market |
| Launch date | 23/12/1997 |
| Price currency | USD |
| Domicile | United States |
| Symbol | URPSX |
| Manager & start date | Hratch Najarian 31/10/2010 |
Investment
| Pricing frequency | Daily |
|---|---|
| Total net assets | 1.38m USDAs of Mar 31 2013 |
| Net expense ratio | 2.69% |
| Front end load | -- |
| Deferred load | -- |
| Redemption fee | -- |
| Min. initial investment | 15,000 USD |
| Min. additional investment | -- |
| Initial IRA | 15,000 USD |
| Additional IRA | -- |
| Available for sale | Puerto Rico, United States |
Diversification
Asset type
Cash | 99.69% |
|---|---|
Other | 0.31% |
US stock | 0.00% |
Non-US stock | 0.00% |
Bond | 0.00% |
Top 5 sectors
Cash & Equivalents | 99.69% |
|---|
Top 5 Regions
Regional weighting data is unavailable.
Top 5 holdings
| Company | 1 year change | Portfolio weight | Long allocation |
|---|---|---|---|
| Profunds Swap Secuirty Ub | -- | 0.14% | |
| Profunds Swap Secuirty Gs | -- | 0.12% |