The ProFunds Internet UltraSector Fund Investor Class is a leveraged mutual fund designed to amplify exposure to the largest and most actively traded U.S. internet companies. Its primary objective is to deliver daily investment results, before fees and expenses, that are 1.5 times the daily performance of the Dow Jones U.S. Internet Composite Index. By employing leverage, the fund aims to magnify returns—offering sophisticated investors a targeted tool for short-term trading or tactical asset allocation. The portfolio typically consists of industry leaders like Amazon.com, Meta Platforms, Alphabet, and Netflix, with a significant concentration in large-cap and giant-cap technology and internet-related firms. The fund falls within the 'Trading—Leveraged Equity' category, indicating a focus on high-growth, high-volatility assets and is managed with an active trading approach, as reflected in its relatively high portfolio turnover rate. The ProFunds Internet UltraSector Fund Investor Class plays a distinctive role in the financial markets by providing targeted, leveraged access to the dynamic and evolving U.S. internet sector.
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