ProFunds Mid Cap Growth Fund Investor Class
MGPIX
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
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7272 Wisconsin Avenue Bethesda MD United States of America 20814
- IPO Date
- Aug 31, 2001
- CIK
- 0001039803
- Website
- profunds.com
- Similar Companies
- Business
- ProFunds Mid Cap Growth Fund Investor Class (MGPIX) is a mutual fund that seeks daily investment results, before fees and expenses, that correspond to 100% of the daily performance of the S&P MidCap 400 Growth Index. The fund provides exposure to mid-cap U.S. equity growth stocks, tracking an unmanaged float-adjusted market capitalization weighted index comprising approximately half the market capitalization of the S&P MidCap 400 identified on the growth end of the growth-value spectrum; it offers Investor Class shares (ticker: MGPIX, CUSIP: 74318Q831) and Service Class shares (ticker: MGPSX, CUSIP: 74318Q765), with a net expense ratio of 1.78% following a contractual waiver effective December 1, 2024 through November 30, 2025. Launched on September 4, 2001, as part of ProFunds Group's Classic ProFunds lineup managed by ProShare Advisors LLC, the fund targets financial professionals and individual investors with minimum investments of $5,000 and $15,000, respectively, and maintains no limits on exchanges. ProFunds Group, founded in 1997 and headquartered in Bethesda, Maryland, operates through ProShare Advisors LLC and offers a range of leveraged and inverse mutual funds alongside its affiliate ProShares' exchange-traded funds, serving U.S. investors seeking specialized equity sector and index exposure. The MGPIX fund invests in securities comprising the S&P MidCap 400 Growth Index (Bloomberg symbol: MIDG), with characteristics including 245 companies, a price/earnings ratio of 23.73, price/book ratio of 4.24, dividend yield of 0.84%, and average market capitalization of $9.65 billion as of September 30, 2025. Recent developments include a contractual fee waiver implemented December 1, 2024, reducing the net expense ratio to 1.78% through November 30, 2025, which supports competitive total returns such as 10.88% over three years and 8.77% over five years for the Investor Class as of the latest reported periods. ProFunds continues routine portfolio management under lead managers Michael Neches (since October 1, 2013) and Devin Sullivan (since April 30, 2018), with total net assets for MGPIX at approximately $4.27 million. No major acquisitions, partnerships, or product launches specific to this fund were reported in 2024-2025, though the broader ProFunds lineup saw benchmark changes for multiple geared sector funds in early 2023 and ongoing mutual fund share splits announced January 27, 2023.