Consumer Staples UltraSector ProFund Svc
CNPSX
NASDAQ69.40
USD
+2.09
- -
Consumer Staples UltraSector ProFund Svc
CNPSX
(NASDAQ)
Recent
price
69.40
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Consumer Staples UltraSector ProFund - Service Class (CNPSX) is a leveraged mutual fund that seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the S&P Consumer Staples Select Sector Index. The fund employs investment techniques including derivatives such as swap agreements, futures contracts, and exchange-traded funds to achieve its objective, providing exposure primarily to U.S. companies in the consumer staples sector, including food and staples retailing, beverages, food products, tobacco, household products, and personal products; it holds significant allocations to consumer defensive stocks like Walmart Inc., alongside cash and receivables/payables related to swap counterparties such as UBS and Goldman Sachs. Non-diversified by design, the fund targets institutional and financial professional investors with a minimum investment of $5,000 for the Service Class, featuring a net expense ratio of 1.78% under a contractual waiver effective through November 30, 2025. Launched on January 30, 2004, and managed by ProFund Advisors LLC, headquartered in Bethesda, Maryland, the fund operates within the broader ProFunds group, which specializes in alternative mutual funds including leveraged and inverse strategies. Geographically focused on the United States, where it allocates approximately 81.81% to U.S. stocks and the remainder to cash and other instruments, CNPSX serves investors seeking amplified exposure to the resilient consumer staples industry. Total net assets stand at approximately $3.18 million, with the Service Class comprising $436,000 as of recent data. Recent developments include a benchmark change in January 2023, when ProFunds and affiliated ProShares transitioned the fund, along with 52 others, to the S&P Select Sector Indices from prior benchmarks to align with leading standards. In September 2024, ProFunds announced mutual fund and ProFund VP share splits effective October 14, 2024, including for select UltraSector funds, to adjust share prices without altering ticker symbols or CUSIPs, enhancing accessibility for investors. A contractual expense ratio waiver was renewed effective December 1, 2024, through November 30, 2025, reducing costs from the gross 2.54% and supporting competitive positioning amid ongoing portfolio management by Michael Neches (since 2013) and Tarak Davé (since 2018).