UMPSX

About UMPSX

ProFunds UltraMid-Cap ProFund Service Class is a leveraged mutual fund designed to deliver twice the daily performance of the S&P MidCap 400 Index, before fees and expenses. As a leveraged equity fund, its strategy centers on providing 2x exposure to a benchmark tracking 400 U.S. mid-cap companies and real estate investment trusts selected for liquidity, market capitalization, and financial viability. The fund aims to amplify the returns—and risks—associated with this segment of the U.S. equity market, focusing its exposure primarily on sectors such as industrials, financials, consumer discretionary, and information technology. Investors often use this fund to seek magnified gains, rebalance portfolios, or efficiently overweight mid-cap equities with less capital outlay. Notably, its leveraged objective is intended for a single day, meaning performance can deviate significantly from expectations if held for longer periods, especially in volatile markets. Launched in 2000, the ProFunds UltraMid-Cap ProFund Service Class caters to those requiring tactical, short-term exposure to U.S. mid-cap equities within the trading and leveraged fund space.