Fund Evaluator:
ProFunds UltraLatin America Inv (UBPIX)
Follow This Fund
Best Performing in Trading--Leveraged Equity Over the Last Year
| 125.2% | ProFunds UltraJapan Inv (UJPIX) |
| 113.0% | ProFunds Biotechnology UltraSector Inv (BIPIX) |
| 104.4% | Oil Equipment&Svcs UltraSector Pro Inv (OEPIX) |
| 100.6% | ProFunds Pharmaceuticals UltraSector Inv (PHPIX) |
| 98.9% | ProFunds UltraLatin America Inv (UBPIX) |
Fund Details
ProFunds UltraLatin America Inv Overview
ProFunds UltraLatin America Inv (UBPIX) is a passively managed Miscellaneous Trading--Leveraged Equity fund. ProFunds launched the fund in 2007.
The investment seeks daily investment results, before fees and expenses that correspond to two times (2x) of the daily performance of the S&P Latin America 35 ADR Index (USD). 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 designed to track the performance of a basket of companies that are domiciled in Latin America and who also have level II or III ADR program, New York Shares or Global Registered Shares listed with the NYSE or Nasdaq. It is non-diversified.
About ProFunds UltraLatin America Inv (UBPIX)
There are 2 members of the management team with an average tenure of 4.67 years: Alexander Ilyasov (2020), Eric Silverthorne (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P Global 1200 TR index with a weighting of 100% and S&P Latin America 35 ADR TR USD index with a weighting of 200%. ProFunds UltraLatin America Inv has 50 securities in its portfolio. The top 10 holdings constitute 176.0% 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 UltraLatin America Inv is part of the Other global asset class and is within the Miscellaneous fund group. ProFunds UltraLatin America Inv has 87.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 113.5%. There is 87.4% 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 UltraLatin America Inv has -93.5% of the portfolio in cash.
Assets Under Management
The fund has $17 million in total assets, which is below the $69 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.
UBPIX 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 UltraLatin America Inv expense ratio is high compared to funds in the Trading--Leveraged Equity category. ProFunds UltraLatin America Inv has an expense ratio of 1.78%, which is 12% lower than its category average, making the fund expense ratio grade a C. 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 UltraLatin America Inv has a portfolio turnover rate of 150%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 398% for the Trading--Leveraged Equity category.
Recently, in the month of July 2026, ProFunds UltraLatin America Inv returned 7.3%, which earned it a grade of A, as the Trading--Leveraged Equity category had an average return of -2.7%. 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 UltraLatin America Inv has a trailing yield of 3.65%, which is above the 1.00% 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 UltraLatin America Inv Grades
Year to date, the fund has returned 37.9%, 20.7 percentage points better than the category, which translates into a grade of A. The fund has returned 98.9% over the past year (grade of A), 19.8% over the past three years (grade of C) and 15.2% per year over the past five years (grade of B) and 4.2% per year over the past 10 years (grade of F).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about ProFunds UltraLatin America Inv, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
UBPIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| UBPIX Return (NAV) | 7.3% | -10.6% | 98.9% | 19.8% | 15.2% | 4.2% |
| UBPIX Grade | A | F | A | C | B | F |
| +/- Category | 10.0% | -13.5% | 59.5% | -1.3% | 5.5% | -9.8% |
| Trading--Leveraged Equity Avg | -2.7% | 2.9% | 39.4% | 21.1% | 9.8% | 14.0% |
| UBPIX Tax Cost Ratio | na | na | 1.9% | 2.1% | 2.5% | 1.4% |
UBPIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| UBPIX Return (NAV) | 37.9% | 88.1% | -40.0% | 53.7% | 10.0% | -10.9% | -50.1% | 13.2% | -22.2% | 46.6% | 66.8% |
| UBPIX Grade | A | A | F | B | A | F | F | F | D | B | A |
| +/- Category | 20.7% | 56.8% | -58.6% | 17.7% | 38.9% | -37.7% | -73.5% | -30.8% | -4.6% | 8.9% | 47.5% |
| Trading--Leveraged Equity Avg | 17.1% | 31.2% | 18.6% | 36.0% | -28.9% | 26.9% | 23.4% | 44.0% | -17.6% | 37.7% | 19.3% |
| Risk Measures | |
| Standard Deviation: | 37.1% |
| Total Risk Index: | 3.03 - High |
| Category Risk Index: | 1.20 - High |
| Category Risk Grade: | D (80% Rank) |
| Beta: | 0.86 |
| R-Squared: | 9% |
| Leveraged Fund: | Yes |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 3.7% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $17 Mil |
| Fund Total Assets: | $ 18 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 150% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 6.0 years | |||
| Average Tenure: 4.7 years | |||
| Managers (Year): Ilyasov Alexander (2020), Silverthorne Eric (2023) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 50 |
| % in Top 10 Holdings: | 176.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 87.4% |
Portfolio Allocation |
|
| Domestic Stock: | 113.5% |
| Foreign Stock: | 87.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -7.4% |
| Cash: | -93.5% |
Purchase Information
| Fund Family: | ProFunds |
| Phone Number: | 888-776-3637 |
| Website: | www.profunds.com |
| Status: | Open |
| Inception Date: | October 16, 2007 |
| 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 (%): | 1.78% ( Rating : High ) |
| Category Average Expense Ratio (%): | 2.03% |
| Share Class: | ProFunds UltraLatin America Inv |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
