Fund Evaluator:
ProFunds NASDAQ-100 Inv (OTPIX)
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Best Performing in Large Growth Over the Last Year
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Fund Details
ProFunds NASDAQ-100 Inv Overview
ProFunds NASDAQ-100 Inv (OTPIX) is a passively managed U.S. Equity Large Growth fund. ProFunds launched the fund in 2000.
The investment seeks investment results, before fees and expenses, that track the performance of the Nasdaq-100® Index (the "index"). The fund invests in financial instruments that the fund Advisors believes, in combination, should track the performance of the index. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. It reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. It is non-diversified.
About ProFunds NASDAQ-100 Inv (OTPIX)
There are 2 members of the management team with an average tenure of 10.63 years: Michael Neches (2013), Devin Sullivan (2018). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: NASDAQ 100 TR USD index with a weighting of 100% and NASDAQ Composite TR USD index with a weighting of 100%. ProFunds NASDAQ-100 Inv has 115 securities in its portfolio. The top 10 holdings constitute 88.8% 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.
ProFunds NASDAQ-100 Inv is part of the Equity global asset class and is within the U.S. Equity fund group. ProFunds NASDAQ-100 Inv has 1.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 73.1%. There is 1.6% 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). ProFunds NASDAQ-100 Inv has 25.9% of the portfolio in cash.
Assets Under Management
The fund has $135 million in total assets, which is below the $2 billion average for the Large Growth 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.
OTPIX 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 ProFunds NASDAQ-100 Inv expense ratio is high compared to funds in the Large Growth category. ProFunds NASDAQ-100 Inv has an expense ratio of 1.47%, which is 53% higher than its category average, making the fund expense ratio grade a F. 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. ProFunds NASDAQ-100 Inv has a portfolio turnover rate of 131%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 55% for the Large Growth category.
Recently, in the month of August 2026, ProFunds NASDAQ-100 Inv returned 4.1%, which earned it a grade of B, as the Large Growth category had an average return of 3.3%. 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.
ProFunds NASDAQ-100 Inv has a trailing yield of 0.49%, which is above the 0.06% 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.
ProFunds NASDAQ-100 Inv Grades
Year to date, the fund has returned 15.6%, 8.4 percentage points better than the category, which translates into a grade of A. The fund has returned 24.1% over the past year (grade of A), 22.0% over the past three years (grade of B) and 11.7% per year over the past five years (grade of A) and 18.3% per year over the past 10 years (grade of A).
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OTPIX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| OTPIX Return (NAV) | 4.1% | -3.3% | 24.1% | 22.0% | 11.7% | 18.3% |
| OTPIX Grade | B | D | A | B | A | A |
| +/- Category | 0.8% | -2.0% | 12.1% | 2.1% | 3.1% | 2.6% |
| Large Growth Avg | 3.3% | -1.2% | 12.0% | 20.0% | 8.6% | 15.7% |
| OTPIX Tax Cost Ratio | na | na | 0.6% | 0.3% | 0.4% | 0.3% |
OTPIX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| OTPIX Return (NAV) | 15.6% | 18.1% | 23.2% | 51.7% | -34.4% | 24.6% | 45.0% | 36.6% | -1.7% | 30.4% | 5.1% |
| OTPIX Grade | A | B | F | A | D | B | B | B | D | C | B |
| +/- Category | 8.4% | 2.4% | -6.4% | 13.0% | -2.3% | 4.3% | 2.9% | 3.4% | -1.0% | 0.6% | 2.4% |
| Large Growth Avg | 7.2% | 15.7% | 29.6% | 38.7% | -32.1% | 20.2% | 42.1% | 33.2% | -0.7% | 29.8% | 2.7% |
| Risk Measures | |
| Standard Deviation: | 17.7% |
| Total Risk Index: | 1.46 - High |
| Category Risk Index: | 1.01 - Above Average |
| Category Risk Grade: | D (67% Rank) |
| Beta: | 1.27 |
| R-Squared: | 86% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.5% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $145 Mil |
| Fund Total Assets: | $ 136 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 131% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 12.9 years | |||
| Average Tenure: 10.6 years | |||
| Managers (Year): Neches Michael (2013), Sullivan Devin (2018) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 115 |
| % in Top 10 Holdings: | 88.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 1.6% |
Portfolio Allocation |
|
| Domestic Stock: | 73.1% |
| Foreign Stock: | 1.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.7% |
| Cash: | 25.9% |
Purchase Information
| Fund Family: | ProFunds |
| Phone Number: | 888-776-3637 |
| Website: | www.profunds.com |
| Status: | Open |
| Inception Date: | August 7, 2000 |
| 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 (%): | 1.47% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | ProFunds NASDAQ-100 Inv |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
