Fund Evaluator:
Oil Equipment&Svcs UltraSector Pro Inv (OEPIX)
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Best Performing in Trading--Leveraged Equity Over the Last Year
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Fund Details
Oil Equipment&Svcs UltraSector Pro Inv Overview
Oil Equipment&Svcs UltraSector Pro Inv (OEPIX) is a passively managed Miscellaneous Trading--Leveraged Equity fund. ProFunds launched the fund in 2006.
The investment seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Oil & Gas Equipment & Services Select Industry Index. The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is constructed and maintained by S&P Dow Jones Indices LLC. The index represents the oil & gas equipment & services segment of the S&P Total Market Index, which comprises the following sub-industries: oil & gas drilling and oil & gas equipment & services. It is non-diversified.
About Oil Equipment&Svcs UltraSector Pro Inv (OEPIX)
There are 2 members of the management team with an average tenure of 10.46 years: Michael Neches (2013), Tarak Davé (2018). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P Oil&Gas Equip&Svcs Sel Indust TR USD index with a weighting of 150%. Oil Equipment&Svcs UltraSector Pro Inv has 46 securities in its portfolio. The top 10 holdings constitute 106.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Oil Equipment&Svcs UltraSector Pro Inv is part of the Other global asset class and is within the Miscellaneous fund group. Oil Equipment&Svcs UltraSector Pro Inv has 5.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 146.3%. There is 5.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Oil Equipment&Svcs UltraSector Pro Inv has -51.9% of the portfolio in cash.
Assets Under Management
The fund has $10 million in total assets, which is below the $77 million average for the Trading--Leveraged Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
OEPIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Oil Equipment&Svcs UltraSector Pro Inv expense ratio is high compared to funds in the Trading--Leveraged Equity category. Oil Equipment&Svcs UltraSector Pro Inv has an expense ratio of 1.74%, which is 14% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Oil Equipment&Svcs UltraSector Pro Inv has a portfolio turnover rate of 149%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 401% for the Trading--Leveraged Equity category.
Recently, in the month of June 2026, Oil Equipment&Svcs UltraSector Pro Inv returned -10.5%, which earned it a grade of F, as the Trading--Leveraged Equity category had an average return of 1.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Oil Equipment&Svcs UltraSector Pro Inv has a trailing yield of 0.56%, which is below the 1.04% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Oil Equipment&Svcs UltraSector Pro Inv Grades
Year to date, the fund has returned 56.1%, 34.1 percentage points better than the category, which translates into a grade of A. The fund has returned 123.5% over the past year (grade of A), 12.4% over the past three years (grade of F) and 12.1% per year over the past five years (grade of C) and -10.6% per year over the past 10 years (grade of F).
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OEPIX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| OEPIX Return (NAV) | -10.5% | -6.7% | 123.5% | 12.4% | 12.1% | -10.6% |
| OEPIX Grade | F | F | A | F | C | F |
| +/- Category | -11.5% | -31.1% | 75.1% | -13.3% | 1.8% | -25.9% |
| Trading--Leveraged Equity Avg | 1.0% | 24.4% | 48.4% | 25.7% | 10.2% | 15.3% |
| OEPIX Tax Cost Ratio | na | na | 0.4% | 0.2% | 0.1% | 0.3% |
OEPIX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| OEPIX Return (NAV) | 56.1% | -1.9% | -15.0% | -3.8% | 88.5% | 14.9% | -67.5% | -4.5% | -58.6% | -22.7% | 47.1% |
| OEPIX Grade | A | F | F | F | A | D | F | F | F | F | A |
| +/- Category | 34.1% | -33.1% | -33.6% | -39.7% | 117.4% | -12.0% | -90.9% | -48.4% | -41.0% | -60.3% | 27.8% |
| Trading--Leveraged Equity Avg | 22.0% | 31.2% | 18.6% | 36.0% | -28.9% | 26.9% | 23.4% | 44.0% | -17.6% | 37.7% | 19.3% |
| Risk Measures | |
| Standard Deviation: | 46.9% |
| Total Risk Index: | 3.86 - High |
| Category Risk Index: | 1.52 - High |
| Category Risk Grade: | F (95% Rank) |
| Beta: | 1.05 |
| R-Squared: | 9% |
| Leveraged Fund: | Yes |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.6% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $11 Mil |
| Fund Total Assets: | $ 11 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 149% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 12.8 years | |||
| Average Tenure: 10.5 years | |||
| Managers (Year): Neches Michael (2013), Davé Tarak (2018) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 46 |
| % in Top 10 Holdings: | 106.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 5.6% |
Portfolio Allocation |
|
| Domestic Stock: | 146.3% |
| Foreign Stock: | 5.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.0% |
| Cash: | -51.9% |
Purchase Information
| Fund Family: | ProFunds |
| Phone Number: | 888-776-3637 |
| Website: | www.profunds.com |
| Status: | Open |
| Inception Date: | June 5, 2006 |
| Min. Initial Purchase: | $15,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.74% ( Rating : High ) |
| Category Average Expense Ratio (%): | 2.03% |
| Share Class: | Oil Equipment&Svcs UltraSector Pro Inv |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
