ProFunds Internet UltraSector Fund (INPSX) is a leveraged mutual fund that seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones Internet Composite Index. The fund provides amplified exposure to the internet sector through derivative instruments, including swap agreements, futures contracts, and options on the index and related securities; it invests substantially all assets in financial instruments that deliver 2x the index's daily return, with cash equivalents held as collateral. Targeting sophisticated investors seeking short-term tactical opportunities in internet-related equities, the fund operates primarily in the United States market, with no significant international geographic focus, and is managed by ProFunds Advisors LLC, headquartered in Bethesda, Maryland, with the broader ProFunds group tracing origins to 1997. Recent enhancements include refined portfolio optimization techniques and expanded use of total return swaps to improve tracking efficiency amid volatile sector conditions in 2024-2025; no major acquisitions, funding rounds, or name changes have occurred, though ProFunds continues strategic alignments within parent company ProShare Advisors LLC to bolster leveraged ETF and mutual fund offerings.