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ProFunds UltraEmerging Markets Fund Investor Class

  • Symbol: UUPIX
  • No Transaction Fee No Transaction Fee 1
  • This fund is an inverse and/or leveraged mutual fund. Click here for more details on the risks associated with these types of funds.This fund is an inverse and/or leveraged mutual fund. Click here for more details on the risks associated with these types of funds.
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Morningstar® Snapshot*

AS OF 3/31/2014; MORNINGSTAR CATEGORY: Trading-Leveraged Equity
Overall Rating Not available
Not Available
Returns Not available
Not Available
Expenses 3 out of 5, Average Fees
LOWAVGHIGH
Risk of this Category Category Risk Rating:10, where 1 is Lower and 10 is Higher
LOWERHIGHER

*All data provided by Morningstar. Please click on each indicator above to learn more about comparison groups and methodology.

Performance

2 More Information
AS OF 3/31/2014 ; *YTD AS OF 4/23/2014
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life of Fund
YTD (Daily)* -1.12% 1 Yr -10.86% 3 Yr -18.27% 5 Yr +9.32% Life of Fund -8.58%

Hypothetical Growth of $10,000

3, 4 More Information
AS OF 03/31/2014; MORNINGSTAR CATEGORY: Trading-Leveraged Equity
Shows growth of hypothetical $10,000 investment in ProFunds UltraEmerging Markets Fund Investor Class compared to ,Trading-Leveraged Equity over the selected time period
ProFunds UltraEmerging Markets Fund Investor Class
Trading-Leveraged Equity

Compare Chart| Fund Facts Search

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

Fund Manager(s)

More Information
Alexander Ilyasov since 11/30/2009

Fund Overview

Objective

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the BNY Mellon Emerging Markets 50 ADR® Index.

Strategy

The fund invests in securities, depositary receipts and derivatives that the adviser believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is designed to track the performance of a basket of companies who have their primary equity listing on a stock exchange of an emerging market country and who have depositary receipts that trade on a U.S. exchange or on The NASDAQ Stock Market. It is non-diversified.

Risk

The fund can invest in securities that may have a leveraging effect (such as derivatives and forward-settling securities) which may increase market exposure, magnify investment risks, and cause losses to be realized more quickly. Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. Short positions pose a risk because they lose value as a security's price increases; therefore, the loss on a short sale is theoretically unlimited. May not be suitable for all investors. Additional risk information for this product may be found in the prospectus or other product materials, if available.

Additional Disclosures

A mutual fund registered under ProFunds, and managed by ProFund Advisors LLC. This description is only intended to provide a brief overview of the fund. Read the fund's prospectus for more detailed information about the fund.

Bank of New York Mellon Emerging Markets 50 ADR Index is capitalization-weighted and designed to track the performance of approximately 50 emerging market-based depositary receipts.

Details

More Information
Morningstar Category Trading-Leveraged Equity
Fund Inception 4/19/2006
NAV
4/23/2014
$10.62
Exp Ratio (Gross)Glossary definition opens in new window.
1/31/2014
1.82%
($18.20 per $1000)
Exp Ratio (Net)Glossary definition opens in new window.
1/31/2014
1.82%
($18.20 per $1000)
Exp Cap (Dated) 5
1/31/2014
1.95%
($19.50 per $1000)
Minimum to Invest 6 $15,000.00
Turnover Rate
7/31/2013
122%
Net Assets ($M)
2/28/2014
$18.10
12 Month Low-High
3/31/2014
$8.07 - $12.20

Top 10 Holdings

7 More Information
AS OF 1/31/2014
Top 10 Holdings
Taiwan Semiconductor Manufacturing Co Ltd ADR 5.91%
China Mobile Ltd. ADR 4.74%
America Movil, S.A.B. de C.V. ADR 4.58%
Baidu, Inc. ADR 3.99%
Itau Unibanco Holding SA ADR 2.91%
Ambev SA ADR 2.82%
Infosys Ltd ADR 2.69%
Vale SA ADR 2.46%
CNOOC, Ltd. ADR 2.36%
Sasol, Ltd. ADR 2.31%
% of Total Portfolio 34.76%
out of 56 holdings

Quarter-End Average Annual Total Returns

3, 2 More Information
AS OF 3/31/2014; *FUND INCEPTION 4/19/2006

EXPENSE RATIO (GROSS):Glossary definition opens in new window.
1.82% AS OF 1/31/2014
1 Yr 3 Yr 5 Yr 10 Yr Life of Fund*
Before TaxesGlossary definition opens in new window.
ProFunds UltraEmerging Markets Fund Investor Class -10.86% -18.27% 9.32% -- -8.58%
After Taxes on DistributionsGlossary definition opens in new window.
ProFunds UltraEmerging Markets Fund Investor Class -10.89% -18.32% 9.29% -- -9.94%
After taxes on distributions and sale of fund sharesGlossary definition opens in new window.
ProFunds UltraEmerging Markets Fund Investor Class -6.14% -13.21% 7.37% -- -5.26%

Read more about after-tax returns.

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Mutual Funds are priced as of the previous business day's market close when the market is open. Mutual fund positions are priced as of the official market close (typically 4p.m.) and prices are generally available between 5 p.m. and 6p.m.

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2012 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data and, for fund performance, you should check the fund's current prospectus or other product materials for the most up-to-date information concerning applicable loads, fees and expenses.

1. No Transaction Fee funds are available without paying a transaction fee. No Transaction Fee funds will also be offered without a load or on a load waived basis. However, the fund may charge a short term trading fee or a redemption fee. Other fees and expenses, including those which apply to a continued investment in the fund, are described in the fund's current prospectus. Fidelity Brokerage Services LLC ("FBS"), or its affiliates, may receive compensation in connection with the purchase and/or the ongoing maintenance of positions in certain No Transaction Fee mutual funds in your account. FBS may also receive compensation for such things as systems development necessary to establish a fund on its systems, a fund's attendance at events for FBS's clients and/or representatives, and opportunities for the fund to promote its products and services. This compensation may take the form of sales loads and 12b-1 fees described in the prospectus and/or additional compensation paid by the fund, its investment adviser or an affiliate. Additional information about the source(s) and amount(s) of this compensation as well as any other remuneration received by FBS or its affiliates will be furnished upon request.

Fidelity will charge a short term trading fee each time you sell or exchange shares of FundsNetwork No Transaction Fee (NTF) funds held less than 60 days (short-term trade). Money market funds, funds redeemed through the Personal Withdrawal Service, and shares purchased through dividend reinvestment are not subject to this short-term trading fee. As well, Fidelity reserves the right to exempt other funds from this fee, such as funds designed to achieve their stated objective on a short-term basis. The short-term trading fee will be based on the fee scheduled detailed in the Understanding Fidelity's FundsNetwork Fees section. Please be aware that certain FundsNetwork funds may be subject to separate and additional redemption fees imposed by the particular fund. Please refer to that fund's current prospectus for details.

2. Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated and are cumulative if the fund is less than one year old. Total returns do not reflect the fund's [%] sales charge. If sales charges were included, total returns would have been lower.

3. The Morningstar Category Average is the average return for the peer group based on the returns of each individual fund within the group, for the period shown. This average assumes reinvestment of dividends.

4. This chart illustrates the performance of a hypothetical $10,000 investment made in this investment product (and a benchmark or category average, if shown) from the beginning date shown or on the inception date of the product (whichever is later). The inception date used for products with underlying funds, or multiple shares classes, or are offered as a separate account, strategy or sub account, may be the inception date of the underlying fund, the earliest share class of the product, or the date composite performance for the product was first made available. The product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Benchmark returns include reinvestment of capital gains and dividends, if any, but do not reflect any fees or expenses. It is not possible to invest in an index. Past performance is no guarantee of future results. This chart is not intended to imply any future performance of the investment product.

5. Expense Cap is a limit that the fund company has placed on the level of the expenses borne by the fund until 11/30/2014 and indicates the maximum level of expenses (with certain exceptions) that the fund would be paying until that time. After the expiration date, the expense cap may be terminated or revised, which may lower the fund's yield and return.

6. Initial minimum investments into group retirement accounts such as Fidelity Simplified Employee Pension-IRA, Keogh, Self-Employed 401(k), and Non-Fidelity Prototype Retirement accounts are $500 or higher. Additional investments into Regular, IRA, and Group accounts are $250 or higher.

7. Any holdings, asset allocation, diversification breakdowns or other composition data shown are as of the date indicated and are subject to change at any time. They may not be representative of the fund's current or future investments. Some breakdowns may be intentionally limited to a particular asset class or other subset of the fund's entire portfolio, particularly in multi-asset class funds where the attributes of the equity and fixed income portions are different.

Under the asset allocation section, international (or foreign) assets may be reported differently depending on how an investment options reports its holdings. Some do not report international (or foreign) holdings here, but instead report them in a "Regional Diversification" section. Some report them in this section as an to the equity, bond and other allocation shown. Others report international (or foreign) holding as a subset of the equity and bond allocations shown. If the allocation without the foreign component (or round to) 100%, then international (or foreign) is a subset of the equity and bond percentage shown.

Please note that investors should only purchase an inverse and/or leveraged mutual fund if they understand, and are prepared to take on, the increased risks associated with these types of funds.

Generally, data on Fidelity mutual funds is provided by FMR, LLC, Morningstar ratings and data on non-Fidelity mutual funds is provided by Morningstar, Inc. and data on non-mutual fund products is provided by the product's investment manager, trustee or issuer or the plan sponsor whose plan is offering the product to participants. Although Fidelity believes the data gathered from these third-party sources is reliable, it does not review such information and cannot warrant it to be accurate, complete or timely. Fidelity is not responsible for any damages or losses arising from any use of this third-party information.

Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Contact Fidelity for a free prospectus and, if available, summary prospectus containing this information. Read it carefully.