Opinion on  RISING RATES OPPORTUNITY PROFUNDS INVESTOR (RRPIX)
FDIC - Account Overdrawn

Nice pick.

actually mortgages from large institutions are a function of their ability to barrow at the fed funds rate and not at what the treasuries are doing

I was not discussing their ability to make mortgages but the rate at which they would. if bankers see the 'risk-free' rate of lending for 10 yrs going up, are they going to hold mortgage rates steady?

The investment seeks daily investment results that correspond to 125% of the inverse of the daily movement of the most recently issued 30-year U.S. Treasury Bond. The fund takes positions in debt instruments and/or financial instruments that should have similar daily return characteristics as 125% of the inverse of the daily return of the Long Bond. It employs leveraged investment techniques in seeking its investment objective. The fund is nondiversified.
FUND OPERATIONS
Last Dividend (27-Dec-07): 0.73
Last Cap Gain N/A
Annual Holdings Turnover N/A
Average for Category: 333.98%
FEES & EXPENSES
Expense RRPIX Category
Avg
Total Expense Ratio: 1.46% 1.98%
Max 12b1 Fee: 0.00% N/A
Max Front End Sales Load: 0.00% 4.80%
Max Deferred Sales Load: 0.00% 1.23%
3 Yr Expense Projection*: $462 $805
5 Yr Expense Projection*: $797 $1,335
10 Yr Expense Projection*: $1,746 $2,735
* Per $10,000 invested
RRPX has a strong chart and The investment seeks daily investment results that correspond to 125% of the inverse of the daily movement of the most recently issued 30-year U.S. Treasury Bond. The fund takes positions in debt instruments and/or financial instruments that should have similar daily return characteristics as 125% of the inverse of the daily return of the Long Bond. It employs leveraged investment techniques in seeking its investment objective. The fund is nondiversified.
FUND OPERATIONS
Last Dividend (27-Dec-07): 0.73
Last Cap Gain N/A
Annual Holdings Turnover N/A
Average for Category: 333.98%
FEES & EXPENSES
Expense RRPIX Category
Avg
Total Expense Ratio: 1.46% 1.98%
Max 12b1 Fee: 0.00% N/A
Max Front End Sales Load: 0.00% 4.80%
Max Deferred Sales Load: 0.00% 1.23%
3 Yr Expense Projection*: $462 $805
5 Yr Expense Projection*: $797 $1,335
10 Yr Expense Projection*: $1,746 $2,735
* Per $10,000 invested

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