ProFunds Internet UltraSector Fund Investor Class
INPIX
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.- CEO
- Andrew Lo
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Columbus, OH 43219 Atlanta GA United States of America 30309
- IPO Date
- Jun 19, 2000
- CIK
- 0001039803
- Website
- invesco.com
- Similar Companies
- Business
- ProFunds Internet UltraSector Fund Investor Class (INPIX) 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 Dow Jones U.S. Internet Composite Index. The fund invests in derivatives, including swap agreements, futures contracts, and other financial instruments with counterparties such as UBS and Goldman Sachs, to achieve its daily target, with major exposures to leading internet companies like Meta Platforms Inc.; it operates within the Trading--Leveraged Equity category, targeting investors seeking aggressive short-term tactical exposure to the U.S. internet sector, which includes sub-groups of Internet Commerce (companies providing goods and services via websites) and Internet Services (providers of internet access and related services). INPIX offers Investor Class shares (ticker: INPIX, CUSIP: 743185357) and Service Class shares (ticker: INPSX, CUSIP: 743185340), with a minimum initial investment of $15,000 for individuals and $5,000 for financial professionals, a gross/net expense ratio of 1.53% (with a contractual waiver effective December 1, 2024, through November 30, 2025), and no limits on exchanges. Launched on June 19, 2000, the fund is managed by ProFund Advisors LLC, part of the ProFunds Group founded in 1997 and headquartered in Bethesda, Maryland; ProFunds+ operates primarily in the United States, serving institutional and retail investors worldwide through a lineup of alternative mutual funds focused on sector-specific leveraged and inverse strategies. Recent developments include a contractual expense ratio waiver renewed for the period December 1, 2024, through November 30, 2025, to limit fees and potentially enhance net returns; share splits announced for multiple ProFunds mutual funds and variable products effective October 14, 2024, to adjust share prices while maintaining ticker symbols and CUSIPs; and benchmark index changes implemented in January 2023 across 53 geared sector funds, including UltraSector ProFunds, to align with updated market representations, alongside the liquidation of the Telecommunications UltraSector ProFund in February 2023 as part of an ongoing product lineup review.