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Rating:ProFunds Quick out of the Gate Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, January 12, 2005

ProFunds Quick out of the Gate

by: Theresa Sim

Bethesda, Maryland-based ProFunds has already launched two funds this year.

The company is offering a Rising Rates Opportunity Fund 10, intended to return the inverse of the daily price fluctuations of the 10-year U.S. Treasury Note, according to a filing.

Total operating expenses for the fund are 147 basis points for investor class shares and 247 basis points for service class shares. The minimum investment is $5,000 for advisor-sold accounts and $15,000 for direct-sold accounts.

ProFunds also launched a new fund in its Access One series. The Access Flex High Yield Fund will invest in high yield debt instruments and related derivatives, but will not be benchmarked to a specific index, according to a release. There are no trading restrictions on the fund. The total operating expenses for the fund is 143 basis points for investor class shares and 243 for service class shares. 

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