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UGEPX

$--
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1d
1w
1m

Analysis and statistics

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About

UGEPX.US represents the ProFunds Ultra Basic Metals Investor fund. This fund aims to deliver twice (2x) the daily performance of the Dow Jones U.S. Basic Materials Index. As an ultra or leveraged fund, it is designed for short-term trading and is not suitable for buy-and-hold investors due to the effects of compounding, which can lead to significant discrepancies between the fund's long-term performance and twice the index's performance. The fund invests primarily in financial instruments and derivatives, such as swap agreements, to achieve its leveraged exposure to basic materials companies. Potential investors should carefully consider the risks associated with leveraged funds before investing, including the risk of significant losses and the potential for volatility.
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Factors

Expense Ratio: Higher expense ratios can detract from overall returns, impacting the fund's net asset value and price.

Market Conditions: Broad market trends, especially in the sectors the fund invests in, significantly influence its performance.

Fund Manager Performance: The skill and strategy of the fund manager in selecting and managing investments directly affects returns.

Underlying Holdings Performance: Price fluctuations of the stocks and assets held within the fund dictate its overall value.

Economic Indicators: Economic data releases and trends can drive investor sentiment and affect asset valuations within the fund.

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