Transamerica ProFund UltraBear VP
Data updated: 2026-08-26
C000075538 — Transamerica ProFund UltraBear VP. Inverse / Short · $7.91M AUM · 1.23% expense ratio. Holdings, fees, performance and SEC filings.
C000075538 Fund Overview
Transamerica ProFund UltraBear VP is a US mutual fund managed by Transamerica Series Trust, categorised as Inverse / Short. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Transamerica Series Trust
- Category: Inverse / Short
- Assets under management: $7.91M
- 1-year return: -29.5%
- SEC CIK: 0000778207
- SEC series ID: S000025331
- Share class ID: C000075538
C000075538 Investment Objective and Strategy
Transamerica ProFund UltraBear VP describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Transamerica Series Trust.
Investment objective
Seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P 500 Index. The portfolio does not seek to achieve its stated objective over a period of time greater than a single day. Important Information About the Portfolio: The portfolio seeks investment results for a single day only, not for any other period. The return of the portfolio for periods longer than a single day will be the result of its return for each day compounded over the period. The portfolios returns for periods longer than a single day will very likely differ in amount and possibly even direction from two times the inverse (-2x) of the return of the S&P 500 Index (the Index) for that period. For periods longer than a single day, the portfolio will lose money if the Indexs performance is flat, and it is possible that the portfolio will lose money even if the level of the Index falls.
Longer holding periods, higher index volatility, and inverse exposure each exacerbate the impact of compounding on an investors returns. During periods of higher Index volatility, the volatility of the Index may affect the portfolios return as much as or more than the return of the Index. The portfolio presents different risks than other types of portfolios. The portfolio uses leverage and is riskier than similarly benchmarked funds that do not use leverage. The portfolio may not be suitable for all investors and should be used only by knowledgeable investors who understand the consequences of seeking daily inverse leveraged (-2x) investment results including the impact of compounding on portfolio performance. Investors in the portfolio should actively manage and monitor their investments, as frequently as daily.
An investor in the portfolio could potentially lose the full principal value of his/her investment within a single day.
Principal investment strategy
The portfolio invests in derivatives that the portfolios sub-adviser, ProFund Advisors LLC (the sub-adviser), believes, in combination, should have similar daily return characteristics as twice the inverse (-2x) of the daily return of the Index. Cash balances arising from the use of derivatives will typically be held in money market instruments. The Index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of approximately 500 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization and financial viability. As of December 31, 2025, the Index included companies with capitalizations between $ 5.54 billion and $4.53 trillion. The average capitalization of the companies comprising the Index was approximately $ 121.49 billion.
The Index is published under the Bloomberg ticker symbol SPX. Derivatives The portfolio invests in derivatives, which are financial instruments whose value is derived from the value of an underlying asset or assets, such as stocks, bonds or funds (including exchange traded funds (ETFs)), interest rates or indexes. The portfolio invests in derivatives as a substitute for directly shorting stocks in order to gain inverse leveraged exposure to the Index. These derivatives principally include: Swap Agreements Contracts entered into primarily with major global financial institutions for a specified period ranging from one day to more than one year. In a standard swap transaction, two parties agree to exchange the return (or differentials in rates of return) earned or realized on particular predetermined investments or instruments.
The gross return to be exchanged or swapped between the parties is calculated with respect to a notional amount, (e.g., the return on, or change in value of, a particular dollar amount invested in a basket of securities or an ETF representing a particular index). Futures Contracts Standardized contracts traded on, or subject to the rules of, an exchange that calls for the future delivery of a specified quantity and type of asset at a specified time and place or, alternatively, may call for cash settlement. Money Market Instruments The portfolio invests in short-term cash instruments that have a remaining maturity of 397 days or less and exhibit high quality credit profiles, including: 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 highly liquid securities, agrees to buy them back at a specified time and price. Repurchase agreements are primarily used by the portfolio as a short-term investment vehicle for cash positions. The sub-adviser uses a mathematical approach to investing. Using this approach, the sub-adviser determines the type, quantity and mix of investment positions that the portfolio should hold to approximate, on a daily basis, the performance of twice the inverse (-2x) of the Index. The portfolio may gain inverse exposure to only a representative sample of the securities in the Index, or to securities not continued in the Index or in financial instruments, with the intent of obtaining exposure with aggregate characteristics similar to those of a multiple of the inverse of the Index.
The sub-adviser does not invest the assets of the portfolio in securities or derivatives based on the sub-advisers view of the investment merit of a particular security, instrument, or company, nor does it conduct conventional investment research or analysis, or forecast market movement or trends, in managing the assets of the portfolio. The portfolio seeks to remain fully invested at all times in securities and/or derivatives that, in combination, provide inverse leveraged exposure to the Index without regard to market conditions, trends or direction. The portfolio seeks investment results for a single day, not for longer periods. On a daily basis, the portfolio will seek to position its portfolio so that its exposure to the Index is consistent with the portfolios investment objective. The Indexs movements during the day will affect whether the portfolios holdings need to be re-positioned.
For example, if the Index has risen on a given day, net assets of the portfolio should fall. As a result, the portfolios inverse exposure will need to be decreased. Conversely, if the portfolios Index has fallen on a given day, net assets of the portfolio should rise. As a result, the portfolios inverse exposure will need to be increased. Because of daily rebalancing and the compounding of each days return over time, the return of the portfolio for periods longer than a single day will be the result of each days returns compounded over the period, which will very likely differ from twice the inverse (-2x) of the return of the Index over the same period. The portfolio will lose money if the level of the Index is flat, and it is possible that the portfolio will lose money even if the level of the Index falls, as a result of daily rebalancing, the Indexs volatility and the effects of compounding.
See Principal Risks, below. The portfolio will concentrate its investments in a particular industry or group of industries to approximately the same extent as the Index is so concentrated. The portfolio is non-diversified.
C000075538 Holdings
Top 4 holdings of Transamerica ProFund UltraBear VP by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| The Dreyfus Corporation | 17.81% |
| State Street Global Advisors | 17.56% |
| UBS Select Treasury Preferred Fund | 17.56% |
| BlackRock Liquidity Funds | 17.56% |
C000075538 Portfolio Allocation
Asset-class allocation of Transamerica ProFund UltraBear VP by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 70.5% |
C000075538 Performance
Total returns for C000075538 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -16.0% |
| 1 year | -29.5% |
| 3 years (annualised) | -27.5% |
| 5 years (annualised) | -22.4% |
C000075538 Risk Information
Risk metrics for C000075538, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 24.4%
C000075538 Costs and Fees
C000075538 costs about $123 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.23%
- Gross expense ratio: 1.52%
- Portfolio turnover: 0%
- Brokerage commissions: 2.07 bps of average net assets (SEC N-CEN)
C000075538 Cashflows
Over the 12 months to 2026-06, Transamerica ProFund UltraBear VP had net inflows of $618.17K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $66.80K |
| 2026-05 | $55.07K |
| 2026-04 | −$723.39K |
| 2026-03 | $1.25M |
| 2026-02 | $58.94K |
| 2026-01 | −$364.22K |
C000075538 Debt Constituents
No individual debt constituents are reported in Transamerica ProFund UltraBear VP's latest SEC N-PORT filing.
C000075538 Prospectus and SEC Filings
Official Transamerica ProFund UltraBear VP filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-30
- Prospectus (485BPOS) — filed 2025-04-30
- Prospectus (485BPOS) — filed 2024-04-29
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-25
- Annual census (N-CEN) — filed 2026-03-13
- Annual census (N-CEN) — filed 2025-03-13
Related Funds
Other Inverse / Short funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.