The Non-Equity ProFunds provide exposure to the U.S. Dollar Index® (USDX®) and certain U.S. Treasury securities.
Rising and Falling U.S. Dollar ProFunds allow investors to take advantage of movements in the value of the U.S. dollar versus foreign currencies.
They seek daily performance, before fees and expenses, that either corresponds or is the opposite (inverse) of the daily price movement of the USDX, a general indicator of the international value of the U.S. dollar.
The Rising Rates ProFunds may allow investors to offset the adverse impact (hedge) of rising rates on existing bond investments rather than sell their bond holdings, or seek profit in a rising rate environment.
Rising Rates ProFunds seek to increase in value as rising interest rates push the prices of their underlying securities down.
The Non-Equity ProFunds involve certain risks, including in all or some cases, active investor, credit, exchange rate, financial instruments, foreign currency, foreign money markets, leverage, liquidity, concentration, non-diversification, interest rate, market risk, correlation risk, aggressive investment technique risk and repurchase agreement risks. Rising Rates Opportunity, Rising Rates Opportunity 10 and Falling U.S. Dollar ProFunds should lose money when their underlying securities rise – a result that is opposite from traditional mutual funds.
Notes:
There is no guarantee that any ProFund will achieve its investment objective. Investment return and principal value will vary and shares may be worth more or less at redemption than at original purchase. See the prospectus for more information.
Some of the Non-Equity ProFunds routinely employ leveraged investment techniques that magnify gains and losses and result in greater volatility in value. They are subject to market risks, including movements in prevailing interest rates.
There are no restrictions on the size and frequency of trades and no transaction fees. The frequent exchanges our policies permit can decrease performance, increase expenses and incur tax consequences. All ProFunds permit active investment strategies can decrease performance and increase expenses. In addition, it is important to note that some ProFunds are not suitable for all investors, because of aggressive investment techniques many of the funds employ.
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