VPJPN — ProFund VP Japan
Data updated: 2026-08-28
VPJPN — ProFund VP Japan. Alternative · $18.25M AUM · 1.68% expense ratio · 78.9% 1-yr return. Holdings, fees, performance and SEC filings.
VPJPN Fund Overview
VPJPN — ProFund VP Japan is a US mutual fund managed by ProFunds, categorised as Alternative. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: ProFunds
- Category: Alternative
- Assets under management: $18.25M
- 1-year return: 78.9%
- Ticker: VPJPN
- SEC CIK: 0001039803
- SEC series ID: S000003954
- Share class ID: C000011081
VPJPN Investment Objective and Strategy
ProFund VP Japan describes its objective and strategy as follows, from its latest prospectus filed with the SEC by ProFunds.
Investment objective
ProFund VP Japan (the Fund) seeks investment results, before fees and expenses, that track the performance of the Nikkei 225 Stock Average (the Index). The Fund seeks to provide a return consistent with an investment in the component equities in the Index hedged to U.S. dollars. The Fund seeks to provide a return based solely on the local price return of the equity securities in the Index, without any effect from currency movements in the yen versus the U.S. dollar. The Fund determines its success in meeting this investment objective by comparing its daily return on a given day with the daily performance of the dollar-denominated Nikkei 225 futures contracts traded in the United States.
Principal investment strategy
The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. The Index is designed to measure the performance of 225 highly liquid companies listed on the Tokyo Stock Exchange Prime Market. The Index selects 225 highly liquid companies in a manner intended to maintain long-term continuity and to reflect the changes in the industry structure. The 225 companies selected are then weighted based on their price. The Indexs composition is reevaluated twice a year in April and October. The Index is constructed and maintained by Nikkei Inc. More information about the Index can be found using the Bloomberg ticker symbol NKY. Under normal circumstances, the Fund will invest at least 80% of its total assets in components of the Index or in instruments with similar economic characteristics.
The Fund will invest principally in the financial instruments listed below. ? Derivatives Financial instruments whose value is derived from the value of an underlying asset or rate, such as stocks, bonds, exchange-traded funds, interest rates or indexes. The Fund invests in derivatives (e.g. swap agreements and futures contracts) in order to gain 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 a day to more than one year. In a standard swap transaction, two parties agree to exchange or swap payments based on the change in value of an underlying asset or benchmark. For example, two parties may agree to exchange the return (or differentials in rates of returns) earned or realized on a particular investment or instrument.
? Futures Contracts Standardized contracts that obligate the parties to buy or sell an asset at a predetermined price and date in the future. ? 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. ProFund Advisors uses a mathematical approach to investing in which it determines the type, quantity and mix of investment positions that it believes, in combination, the Fund should hold to produce returns consistent with its investment objective.
The Fund seeks to remain fully invested at all times in financial instruments that, in combination, provide exposure consistent with the investment objective, without regard to market conditions, trends or direction. The Fund may also invest in or gain exposure to only a representative sample of the securities in the Index or to securities not contained in the Index or in financial instruments, with the intent of obtaining exposure consistent with the investment objective. Please see Investment Objectives, Principal Investment Strategies and Related Risks in the Funds Prospectus for additional details.
VPJPN Holdings
Top 1 holdings of ProFund VP Japan by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Chicago Mercantile Exchange | 7.58% |
VPJPN Portfolio Allocation
Asset-class allocation of ProFund VP Japan by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Derivatives | 97.2% |
VPJPN Performance
Total returns for VPJPN (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 41.9% |
| 1 year | 78.9% |
| 3 years (annualised) | 32.1% |
| 5 years (annualised) | 22.3% |
VPJPN Risk Information
Risk metrics for VPJPN, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 25.3%
VPJPN Costs and Fees
VPJPN costs about $168 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.68%
- Gross expense ratio: 1.68%
- Portfolio turnover: 0%
- Brokerage commissions: 1.88 bps of average net assets (SEC N-CEN)
VPJPN Cashflows
Over the 12 months to 2026-06, ProFund VP Japan had net inflows of $1.59M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $2.85M |
| 2026-05 | $930.61K |
| 2026-04 | −$1.18M |
| 2026-03 | −$1.47M |
| 2026-02 | $1.34M |
| 2026-01 | −$3.83M |
VPJPN Debt Constituents
No individual debt constituents are reported in ProFund VP Japan's latest SEC N-PORT filing.
VPJPN Prospectus and SEC Filings
Official ProFund VP Japan filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-28
- Prospectus (485BPOS) — filed 2025-04-25
- Prospectus (485BPOS) — filed 2024-04-26
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-20
- Portfolio holdings (N-PORT) — filed 2026-02-19
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-14
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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.