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Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Access Flex High Yield ProFund

FYASX | Fund

$29.23

$18.8 M

1.37%

$0.40

2.68%

Vitals

YTD Return

-1.3%

1 yr return

5.9%

3 Yr Avg Return

-0.6%

5 Yr Avg Return

0.2%

Net Assets

$18.8 M

Holdings in Top 10

98.1%

52 WEEK LOW AND HIGH

$29.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.68%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$15,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Access Flex High Yield ProFund

FYASX | Fund

$29.23

$18.8 M

1.37%

$0.40

2.68%

FYASX - Profile

Distributions

  • YTD Total Return -1.3%
  • 3 Yr Annualized Total Return -0.6%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -2.39%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Access Flex High Yield ProFund
  • Fund Family Name
    ProFunds
  • Inception Date
    Dec 17, 2004
  • Shares Outstanding
    N/A
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Alexander Ilyasov

Fund Description

•Derivatives — Financial instruments whose value is derived from the value of an underlying asset or rate, such as stocks, bonds, ETFs, interest rates or indexes. These derivatives principally include:○Credit Default Swaps (“CDS”) — The Fund intends to invest in centrally cleared, index-based CDS. CDS provide exposure to the credit of one or more debt issuers referred to as “reference entities.” These instruments are designed to reflect changes in credit quality, including events of default. CDS are most commonly discussed in terms of buying or selling credit protection with respect to a reference entity. Because the Fund seeks to provide long exposure to credit, it will generally be a net seller of credit protection with respect to North American high yield debt issuers. Selling credit protection is equivalent to being “long” credit. Index-based CDS provide credit exposure, through a single trade, to a basket of reference entities. A variety of high yield, index-based CDS with different characteristics are currently available in the marketplace with new issuances occurring periodically. Issuances typically vary in terms of underlying reference entities and maturity and, thus, can have significant differences in performance over time. The Fund intends to typically invest in new issuances of 5.25 year maturity North American high yield, index-based CDS, which are issued every six months on a 100-name basket, which names vary from issue to issue.○U.S. Treasury Futures Contracts — The Fund intends to invest in U.S. Treasury futures contracts in order to obtain interest rate exposure similar to the interest rate exposure that is present in high yield bonds but is not present in CDS. U.S. Treasury futures contracts are standardized contracts traded on, or subject to the rules of, an exchange that call for the future delivery of a specified quantity and type of U.S. Treasury at a specified time and place or, alternatively, may call for cash settlement. The Fund will generally purchase U.S. Treasury futures contracts as a substitute for a comparable market position in U.S. Treasury notes.•Money Market Instruments — The Fund expects that any cash balances maintained in connection with its use of derivatives will typically be held in high quality, short-term money market instruments, for example:○U.S. Treasury Bills — U.S. government securities that have initial maturities of one year or less, and are supported by the full faith and credit of the U.S. government.○Repurchase Agreements — Contracts in which a seller of securities, usually U.S. government securities or other money market instruments, agrees to buy the securities back at a specified time and price.•U.S. Treasury Obligations — The Fund invests in obligations of the U.S. Department of the Treasury (“U.S. Treasury”), including Treasury bills and notes and other obligations issued or guaranteed by the U.S. Treasury, and repurchase agreements fully collateralized by U.S. Treasury securities. These debt securities carry different interest rates, maturities and issue dates.The Fund seeks to maintain exposure to the high yield market regardless of market conditions and without taking defensive positions in cash or other instruments in anticipation of an adverse climate for the high yield market. There is no assurance that the Fund will achieve its investment objective.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details.
Read More

FYASX - Performance

Return Ranking - Trailing

Period FYASX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.3% -7.2% 5.1% 92.01%
1 Yr 5.9% -9.4% 15.0% 89.15%
3 Yr -0.6%* -16.5% 19.8% 87.85%
5 Yr 0.2%* -11.9% 36.4% 94.79%
10 Yr 1.6%* -4.9% 19.3% 89.91%

* Annualized

Return Ranking - Calendar

Period FYASX Return Category Return Low Category Return High Rank in Category (%)
2023 6.6% -4.7% 14.3% 12.01%
2022 -11.9% -33.4% 3.6% 13.07%
2021 -2.6% -8.4% 14.9% 94.59%
2020 -2.6% -13.9% 302.7% 88.34%
2019 6.6% -4.4% 13.3% 70.54%

Total Return Ranking - Trailing

Period FYASX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.3% -7.2% 5.1% 92.01%
1 Yr 5.9% -9.4% 15.0% 89.15%
3 Yr -0.6%* -16.5% 19.8% 87.85%
5 Yr 0.2%* -11.9% 36.4% 94.79%
10 Yr 1.6%* -4.9% 19.3% 89.91%

* Annualized

Total Return Ranking - Calendar

Period FYASX Return Category Return Low Category Return High Rank in Category (%)
2023 10.2% -4.7% 18.2% 82.68%
2022 -9.6% -33.4% 47.8% 31.81%
2021 -0.6% -8.4% 24.8% 96.72%
2020 -0.9% -9.6% 325.6% 95.44%
2019 10.3% 0.9% 21.5% 84.40%

NAV & Total Return History

FYASX - Holdings

Concentration Analysis

FYASX Category Low Category High FYASX % Rank
Net Assets 18.8 M 1.45 M 23.6 B 97.38%
Number of Holdings 9 2 2736 99.54%
Net Assets in Top 10 19 M -492 M 4.45 B 81.58%
Weighting of Top 10 98.12% 4.2% 146.9% 0.77%

Top 10 Holdings

  1. U S TREASURY NOTE 60.57%
  2. SOCIETE GENERALE 10.10%
  3. HSBC SECURITIES USA INC 6.06%
  4. CREDIT AGRICOLE CIB NY 5.05%
  5. CDX NORTH AMERICA HIGH YIELD INDEX 4.59%
  6. ROYAL BANK OF CANADA 4.20%
  7. Natwest Markets PLC 4.20%
  8. UMB FINANCIAL CORP 3.21%
  9. 5 YEAR US TREASURY NOTE FUTURE MAR24 0.14%

Asset Allocation

Weighting Return Low Return High FYASX % Rank
Bonds 		60.57% -3.13% 154.38% 96.15%
Other 		37.55% -63.70% 102.57% 0.77%
Cash 		1.88% -52.00% 48.07% 80.34%
Stocks 		0.00% 0.00% 99.54% 99.69%
Preferred Stocks 		0.00% 0.00% 7.88% 99.54%
Convertible Bonds 		0.00% 0.00% 17.89% 100.00%

Bond Sector Breakdown

Weighting Return Low Return High FYASX % Rank
Government 		71.77% 0.00% 99.07% 0.62%
Derivative 		4.73% -15.04% 42.26% 2.48%
Cash & Equivalents 		0.00% 0.00% 48.07% 99.38%
Securitized 		0.00% 0.00% 97.24% 98.29%
Corporate 		0.00% 0.00% 129.69% 100.00%
Municipal 		0.00% 0.00% 4.66% 98.14%

Bond Geographic Breakdown

Weighting Return Low Return High FYASX % Rank
US 		60.57% -3.13% 129.21% 94.43%
Non US 		0.00% 0.00% 98.19% 99.23%

FYASX - Expenses

Operational Fees

FYASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.68% 0.04% 31.61% 3.10%
Management Fee 0.75% 0.00% 1.84% 91.05%
12b-1 Fee 1.00% 0.00% 1.00% 99.69%
Administrative Fee N/A 0.00% 0.50% 24.14%

Sales Fees

FYASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FYASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FYASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 1.00% 255.00% 100.00%

FYASX - Distributions

Dividend Yield Analysis

FYASX Category Low Category High FYASX % Rank
Dividend Yield 1.37% 0.00% 49.68% 76.15%

Dividend Distribution Analysis

FYASX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Monthly

Net Income Ratio Analysis

FYASX Category Low Category High FYASX % Rank
Net Income Ratio -2.39% -2.39% 14.30% 100.00%

Capital Gain Distribution Analysis

FYASX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FYASX - Fund Manager Analysis

Managers

Alexander Ilyasov

Start Date

Tenure

Tenure Rank

Apr 05, 2019

3.16

3.2%

Alexander Ilyasov, ProShare Advisors: Senior Portfolio Manager since October 2013 and Portfolio Manager from November 2009 through September 2013. ProFund Advisors LLC: Senior Portfolio Manager since October 2013 and Portfolio Manager from November 2009 through September 2013. World Asset Management, Inc.: Portfolio Manager from January 2006 through November 2009. Ilyasov joined WAM’s predecessor entity in September 2005 as a member of its International Investment Team. Since joining in 2005, he has been involved in supporting WAM’s international equity product line.

James Linneman

Start Date

Tenure

Tenure Rank

Mar 15, 2022

0.21

0.2%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.12 8.17

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