ProFunds UltraSector Oil & Gas Fund Investor Class
ENPIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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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
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7272 Wisconsin Avenue Bethesda MD United States of America 20814
- IPO Date
- Jun 19, 2000
- CIK
- 0001039803
- Website
- profunds.com
- Similar Companies
- Business
- ProFunds UltraSector Oil & Gas Fund Investor Class (ENPIX) is a leveraged mutual fund that seeks daily investment results, before fees and expenses, corresponding to 1.5 times (150%) the daily performance of the S&P Energy Select Sector Index, which tracks U.S. companies in energy equipment and services and oil and gas consumable fuels. The fund offers Investor Class shares (ENPIX, CUSIP 743185175) and Service Class shares (ENPSX, CUSIP 743185167), with a gross expense ratio of 1.61% and a minimum initial investment of $15,000 for individuals or $5,000 for financial professionals; it primarily invests in derivatives, including swap agreements and futures contracts, alongside direct holdings in energy sector equities and cash equivalents to achieve its leveraged exposure. ProFunds, the fund sponsor founded in 1997 and headquartered in Columbus, Ohio, manages this UltraSector ProFund as part of its lineup of alternative mutual funds focused on sector-specific leveraged and inverse strategies for sophisticated investors seeking enhanced daily returns relative to broad market benchmarks. In March 2023, the fund underwent a name change from Oil & Gas UltraSector ProFund to Energy UltraSector ProFund, aligning its nomenclature with updated industry standards, while a related fund, Oil & Gas Equipment & Services UltraSector ProFund, adopted a more precise title to reflect its narrower focus on equipment and services subsector. Earlier, in January 2023, ProFunds announced benchmark adjustments across 53 geared sector funds, including energy-focused offerings, to refine tracking methodologies amid evolving market indices, alongside a contractual expense ratio waiver effective December 1, 2024, through November 30, 2025. The fund maintains operations primarily in the United States, targeting institutional and retail investors interested in amplified exposure to the volatile energy sector without direct commodity investments.