RDPSX

About RDPSX

ProFunds Rising U.S. Dollar Fund Service Class is a specialty mutual fund designed to provide daily investment results that correspond to the inverse (-1x) of the daily performance of a basket of non-U.S. currencies represented by the ICE U.S. Dollar Index. This index reflects the value of the U.S. dollar relative to six major global currencies: euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc, weighted according to their significance in U.S. trade. The fund's primary function is to benefit from an appreciation of the U.S. dollar versus this group of currencies. To achieve its objective, the fund employs a mathematical investment strategy using derivatives and money market instruments such as U.S. Treasury bills and repurchase agreements, rebalancing its portfolio daily to maintain its targeted exposure. ProFunds Rising U.S. Dollar Fund Service Class serves investors who seek tactical exposure to currency movements and plays a niche role in portfolios, especially for those aiming to hedge against declines in foreign currencies or gain from a stronger U.S. dollar.