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Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
U.S. News evaluated 29 Bear Market Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 37.58 percent over the past year, 3.25 percent over the past three years, and -36.18 percent over the past five years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||16.2%|
|3 Years (Annualized)||3.2%|
|5 Years (Annualized)||-36.2%|
|10 Years (Annualized)||N/A|
The investment seeks daily investment results, before fees and expenses, that correspond to twice the inverse (-2x) of the daily performance of the Bank of New York Mellon Latin America 35 ADR® Index. The fund invests in derivatives that the adviser believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is designed to track the performance of a basket of companies that have their primary equity listing on stock exchanges of Latin American countries and that have Depositary Receipts that trade on a U.S. exchange or on The NASDAQ Stock Market. It is non-diversified.
Fees are Low compared to funds in the same category.
ProFunds UltraShort Latin America Fund has an expense ratio of 1.76 percent.
Risk is N/A compared to funds in the same category according to Morningstar.