Hi D,
Re Excel, I eliminated the blank columns and
resized the rest manually - you're right, that is better! Much easier to
sort too, thanks for the tip! ( I haven't done much with Excel in the past -
can you tell? 8 - )
Re the fees - I have never owned one of these
funds before, but as I understand it, you can trade between funds in the
same family anytime for free, the company makes its money by charging
management and other misc fees. The numbers quoted come from the prospectus -
I have copied an example and pasted it below (looks like formatting is messed
up though...) I am also just starting to really learn about these funds - am I
not understanding it correctly? Thanks for your help, as usual!
Steve
Fees and Expenses of the Fund
The table below describes the fees and expenses you may pay
if
you buy and hold shares of
UltraMid-Cap ProFund.
Shareholder Fees
(fees paid directly from your investment)
Wire Redemption Fee $10
(This charge may be waived at
the discretion of ProFunds.)
Annual Fund Operating Expenses
(as a percentage of average daily net
assets)
Investor
Class
(UMPIX)
Service
Class
(UMPSX)
Investment Advisory Fees 0.75% 0.75%
Distribution and Service (12b-1) Fees 0.00% 1.00%
Other Expenses* 0.74% 0.74%
Total Annual Fund Operating Expenses 1.49% 2.49%
*“Other Expenses” include fees paid for management
(non-advisory) services as described under
“ProFunds Management” later in this prospectus, legal and audit
fees, printing costs, registration
fees, custodial, fund accounting, administration and transfer
agency fees, sub-transfer agency and
administrative services fees charged by financial services
firms, costs associated with independent
trustees and certain other miscellaneous
expenses.
Example:
This example is intended to help you compare the cost
of investing in
UltraMid-Cap ProFund with the cost of investing
in other mutual funds. The example assumes that you invest
$10,000 in the Fund for the time period indicated and then
redeem all of your shares at the end of each period. The
example
also assumes that your investment has a 5% return each year
and
that the Fund’s operating expenses remain the same. Although
your actual cost may be higher or lower, based on these
assumptions
your cost would be:
1 Year 3 Years 5 Years 10 Years
Investor Class $152 $471 $ 813 $1,779
Service Class $252 $776 $1,326 $2,826
----- Original Message -----
Sent: Thursday, May 25, 2006 11:27
AM
Subject: RE: [amibroker]
Leveraged/Inverse Funds
Who's charging fees on Profunds and
Rydex?
Plus if you eliminate the blank columns within the data
it will make sorting a little easier: All you would have to do is position
the cursor in a cell below the heading and the do the
sort.
d
Hi All,
If anyone is interested in leveraged/inverse
funds, here is a spreadsheet I put together yesterday with some useful
info for comparing Rydex/Profunds/Direxion funds. Performance is not
included because I am looking at them with an eye toward actively trading
them. Info comes from most recent fact sheets/prospectus/annual reports.
Sort columns in any order to compare them, but select all columns
first so they sort in sync ( unless you know an easier way and then please
let *me* know... 8 - )
Steve