ProFunds NASDAQ-100 Fund Investor Class
OTPIX
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
- Aug 7, 2000
- CIK
- 0001039803
- Website
- profunds.com
- Similar Companies
- Business
- ProFunds NASDAQ-100 Fund Investor Class (OTPIX) is a leveraged mutual fund that seeks daily investment results, before fees and expenses, that correspond to 150% of the daily performance of the NASDAQ-100 Index, comprising 100 of the largest non-financial domestic and international companies listed on The Nasdaq Stock Market; the fund employs investment techniques such as futures contracts, swap agreements, and other derivatives to achieve its objectives, with primary holdings including major technology firms like NVIDIA Corp. The fund offers Investor Class shares (ticker: OTPIX, CUSIP: 743185159) and Service Class shares (ticker: OTPSX, CUSIP: 743185142), with a minimum initial investment of $15,000 for individuals and $5,000 for financial professionals, a gross expense ratio of 1.57%, and no limits on exchanges. Launched on August 7, 2000, and managed by ProFund Advisors LLC, founded in 1997 and headquartered in Bethesda, Maryland, the fund operates within the large growth segment targeting U.S. investors seeking amplified exposure to the technology-heavy NASDAQ-100 Index. In September 2024, ProFunds announced a 4:1 forward share split for OTPIX, effective October 14, 2024, alongside similar adjustments for other funds like Semiconductor UltraSector and Technology UltraSector ProFunds, to enhance accessibility; additionally, the firm launched innovative products such as the first U.S. mutual fund targeting ether performance (ETHFX) and a Short Bitcoin ProFund (BITIX), reflecting strategic expansions into cryptocurrency-linked strategies amid benchmark changes for geared sector funds announced in recent press releases. The fund maintains substantial U.S. equity exposure (approximately 68.56%), supplemented by cash equivalents (28.98%) and minor non-U.S. stock positions (2.58%), serving institutional and retail investors focused on high-growth sectors like technology and communications services across North American markets.