ProFunds Consumer Discretionary UltraSector Fund Service Class
CYPSX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Columbus, OH 43219 New York NY United States of America 10022
- IPO Date
- Jan 30, 2004
- CIK
- 0001039803
- Website
- cnr.com
- Similar Companies
- Business
- ProFunds Consumer Services UltraSector Fund (Service Class, ticker: CYPSX) is a leveraged mutual fund that seeks daily investment results, before fees and expenses, corresponding to one and one-half times (1.5x) the daily performance of the S&P Consumer Discretionary Select Sector Index. The fund provides exposure to the consumer discretionary sector of the S&P 500 through investments in financial instruments including derivatives such as swap agreements, equity securities, and repurchase agreements, targeting companies in Global Industry Classification Standard (GICS) industries comprising auto components; automobiles; household durables; leisure products; textiles, apparel and luxury goods; hotels, restaurants and leisure; diversified consumer services; distributors; internet and direct marketing retail; multiline retail; and specialty retail. It offers Investor Class shares (CYPIX) and Service Class shares (CYPSX) with a net expense ratio of 1.62%, minimum initial investments of $15,000 for individuals and $5,000 for financial professionals, and no limits on exchanges. The fund invests in a portfolio that typically includes 50-56 holdings with significant market exposure via swaps (up to 149% of net assets), featuring top sectors such as retailing (44%), consumer services (25%), automobiles and components (21%), and consumer durables and apparel (10%). It serves investors seeking amplified daily returns from U.S. consumer discretionary equities, primarily institutional and high-net-worth individuals, with operations focused on the U.S. equity markets. Incepted on January 30, 2004, the fund is managed by ProFund Advisors LLC, headquartered at 4249 Easton Way, Suite 400, Columbus, Ohio 43219, as part of the UltraSector ProFunds group within the ProFunds family established in 1997. Recent developments include a contractual fee waiver effective December 1, 2024, through November 30, 2025, maintaining the net expense ratio at 1.62%; share splits announced on September 6, 2024, for certain ProFunds mutual funds; and a February 26, 2025, launch of the first mutual fund targeting Ether, reflecting broader product innovation within the ProFunds lineup. In January 2023, ProFunds and ProShares announced benchmark changes for 53 geared sector funds, including shifts to align with updated sector indices like the S&P Consumer Discretionary Select Sector Index. No major acquisitions, funding rounds, or reorganizations specific to this fund have been reported in the last 1-2 years.