The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the BNY Mellon China Select ADRSM Index.
The fund invests in securities, depositary receipts and derivatives that ProFund Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is designed to track the performance of a basket of companies that are domiciled in China or Hong Kong and that also have Depositary Receipts that trade on a U.S. exchange or on the NASDAQ Stock Market. The fund is non-diversified.