- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7272 Wisconsin Avenue Bethesda MD United States of America 20814
- IPO Date
- Aug 31, 2001
- Business
- ProFunds Small Cap Growth Fund Investor Class (SGPIX) is a mutual fund that seeks investment results corresponding to the performance of the S&P SmallCap 600 Growth Index, which measures small-cap U.S. equity growth performance through an unmanaged, float-adjusted, market capitalization-weighted portfolio of growth-oriented stocks representing approximately half the market capitalization of the S&P SmallCap 600. The fund offers Investor Class shares (ticker: SGPIX, CUSIP: 74318Q864) and Service Class shares (ticker: SGPSX, CUSIP: 74318Q799), with a minimum initial investment of $15,000 for individuals and $5,000 for financial professionals; it features no limits on exchanges, a gross expense ratio of 2.17%, and a net expense ratio of 1.78% following a contractual fee waiver effective December 1, 2024, through November 30, 2025. Managed by ProFunds, a premier provider of alternative mutual funds founded in 1997 and headquartered at 4249 Easton Way, Suite 400, Columbus, Ohio, the fund primarily invests in small-cap growth equities across sectors such as healthcare, industrials, and real estate, targeting U.S. investors seeking exposure to small-cap growth opportunities. In September 2024, ProFunds announced share splits for multiple mutual funds including the Small Cap Growth ProFund, effective for trading on October 14, 2024, without changes to tickers or CUSIPs, aimed at improving accessibility while maintaining fund characteristics. Recent strategic lineup adjustments by ProFunds include the liquidation of the Telecommunications UltraSector ProFund effective February 7, 2023, alongside ongoing introductions of innovative offerings such as the first U.S. mutual funds targeting bitcoin (BTCFX) and ether (ETHFX) performance via futures, as well as the Short Bitcoin ProFund (BITIX). The fund, part of the Classic ProFunds group with an inception date of September 4, 2001, operates within the U.S. mutual fund market, providing daily liquidity and trading flexibility to shareholders through ProFund Advisors LLC and ProFunds Distributors, Inc.