ProFunds

Ticker
Investor Class
UFPIX
Service Class
UFPSX

CUSIP
Investor Class
74318X-760
Service Class
74318X-778

Fund Number
Investor Class
165
Service Class
195

Inception Date
10/17/2007

UltraShort Latin America ProFund

Vital Statistics

Class	Ticker	CUSIP	Fund Number
Investor	UFPIX	74318X-760	165
Service	UFPSX	74318X-778	195

Inception Date for all share classes is 10/1/2007

NAV

as of 11/6/2009

Class	NAV	% Change	$ Change
Investor	$2.85	0.00%	$0.00
Service	$2.80	0.00%	$0.00

At a GlanceThe UltraShort Latin America ProFund provides leveraged exposure to the Bank of New York Latin America 35 ADR Index. ObjectiveSeeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the Bank of New York Latin America 35 ADR Index.

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.

This ProFund routinely employs leveraged investment techniques that magnify gains and losses and result in greater volatility in value.

This ProFund should experience losses when benchmark indexes rise.

Returns (as of 9/30/2009)

YTD (as of 11/6/2009)	-84.04%
Average Annual One Year	-86.15%
Average Annual Three Year	––
Average Annual Five Year	––
Average Annual Ten Year	––
Average Annual Since Inception	-66.29%
Cumulative Since Inception	-88.12%
Gross Expense Ratio	2.66%
Net Expense Ratio*	1.68%

*Contractual waiver effective from December 1, 2007 through November 30, 2008. Without such a waiver of fees, the total returns would have been lower.

Fund Statistics

Limits On Exchanges	None
Minimum Investment
Individual Investor	$15,000
Financial Professionals	$5,000

All data, unless otherwise noted, is as of 9/30/2009 and for Investor Class Shares only and is subject to change.

07-00291

Investing in ProFunds involves certain risks, including in all or some cases, leverage, liquidity, concentration, non-diversification, foreign investment, foreign currency, high yield, interest rate, credit, market, correlation, aggressive investment technique and repurchase agreement risks. Moreover, there is no guarantee that any ProFund will achieve its investment objective. These risks can increase volatility and decrease performance. All ProFunds permit active investment strategies which can decrease performance and increase expenses.

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Many ProFunds routinely employ leveraged investment techniques that magnify gains and losses and result in greater volatility in value. Each leveraged or inverse ProFund seeks a return that is a multiple (e.g., 200%) of the return of an index or other benchmark (target) for a single day. Due to the compounding of daily returns, leveraged and inverse ProFunds' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus.

All ProFunds are subject to active investor risk. 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 that 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.

"ProFunds Group" includes ProFunds mutual funds and ProShares ETFs. ProFunds are distributed by ProFunds Distributors, Inc., member FINRA.

Carefully consider the investment objectives, risks, charges and expenses of ProFunds before investing or sending money. This and other information can be found in their prospectuses. Read the prospectus carefully before investing. For a ProFunds prospectus, please call 888-PRO-FNDS (888-776-3637), or visit www.profunds.com. Financial professionals should call 888-PRO-5717 (888-776-5717).

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