Fund Evaluator:

ProFunds UltraJapan Inv Overview

ProFunds UltraJapan Inv (UJPIX) is a passively managed Miscellaneous Trading--Leveraged Equity fund. ProFunds launched the fund in 2000.

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the Nikkei 225 Stock Average. 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 an adjusted price-weighted index of the 225 most actively traded and liquid Japanese companies listed in the Prime Market of the Tokyo Stock Exchange ("TSE"). The fund is non-diversified.

About ProFunds UltraJapan Inv (UJPIX)

There are 2 members of the management team with an average tenure of 4.59 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 Nikkei 225 Average TR USD index with a weighting of 100%. ProFunds UltraJapan Inv has 12 securities in its portfolio. The top 10 holdings constitute 215.8% 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 UltraJapan Inv is part of the Other global asset class and is within the Miscellaneous fund group. ProFunds UltraJapan Inv has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 215.8%. There is 0.0% 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 UltraJapan Inv has -103.0% of the portfolio in cash.

Assets Under Management

The fund has $56 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.

UJPIX 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 UltraJapan Inv expense ratio is high compared to funds in the Trading--Leveraged Equity category. ProFunds UltraJapan Inv has an expense ratio of 1.71%, which is 16% 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. ProFunds UltraJapan Inv has a portfolio turnover rate of 1297%, 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, ProFunds UltraJapan Inv returned 13.7%, which earned it a grade of A, 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.

ProFunds UltraJapan Inv has a trailing yield of 1.76%, which is above 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.

ProFunds UltraJapan Inv Grades

Year to date, the fund has returned 90.7%, 68.6 percentage points better than the category, which translates into a grade of A. The fund has returned 193.4% over the past year (grade of A), 60.6% over the past three years (grade of A) and 40.5% per year over the past five years (grade of A) and 31.3% per year over the past 10 years (grade of A).

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