Fund Evaluator:

ProFunds Small Cap Growth Inv Overview

ProFunds Small Cap Growth Inv (SGPIX) is a passively managed U.S. Equity Small Blend fund. ProFunds launched the fund in 2001.

The investment seeks investment results, before fees and expenses, that track the performance of the S&P SmallCap 600® Growth Index. The fund invests in financial instruments that the fund Advisors believes, in combination, should track the performance of the index. The index is designed to provide a comprehensive measure of small-cap U.S. equity “growth” performance. It is a market capitalization-weighted index comprising of stocks from the S&P SmallCap 600 that have been identified as being on the growth end of the growth-value spectrum as determined by S&P Dow Jones Indices LLC.

About ProFunds Small Cap Growth Inv (SGPIX)

There are 2 members of the management team with an average tenure of 10.46 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: S&P Composite 1500 (TR) USD index with a weighting of 100% and S&P SmallCap 600 Growth TR USD index with a weighting of 100%. ProFunds Small Cap Growth Inv has 347 securities in its portfolio. The top 10 holdings constitute 11.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

ProFunds Small Cap Growth Inv is part of the Equity global asset class and is within the U.S. Equity fund group. ProFunds Small Cap Growth Inv has 0.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.6%. There is 0.6% 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 Small Cap Growth Inv has 0.5% of the portfolio in cash.

Assets Under Management

The fund has $9 million in total assets, which is below the $694 million average for the Small Blend 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.

SGPIX 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 Small Cap Growth Inv expense ratio is high compared to funds in the Small Blend category. ProFunds Small Cap Growth Inv has an expense ratio of 1.78%, which is 70% 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 Small Cap Growth Inv has a portfolio turnover rate of 1201%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 65% for the Small Blend category.

Recently, in the month of June 2026, ProFunds Small Cap Growth Inv returned 9.4%, which earned it a grade of A, as the Small Blend category had an average return of 5.9%. 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 Small Cap Growth Inv has a trailing yield of 0.00%, which is below the 0.41% 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 Small Cap Growth Inv Grades

Year to date, the fund has returned 25.8%, 4.1 percentage points better than the category, which translates into a grade of A. The fund has returned 33.1% over the past year (grade of C), 15.0% over the past three years (grade of D) and 5.4% per year over the past five years (grade of F) and 10.0% per year over the past 10 years (grade of D).

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