ProFunds: All Funds

- Ultra ProShares
- Short ProShares

All Funds

Classic ProFunds
Classic ProFunds seek to provide daily investment results, before fees and expenses, that match (100%) the daily performance of their benchmark indexes.

ProFund	Index	Daily Objective
Bull	S&P 500	Match
Mid-Cap	S&P MidCap 400	Match
Small-Cap	Russell 2000®	Match
NASDAQ-100	Nasdaq 100®	Match
Large-Cap Value	S&P 500/Citigroup Value	Match
Large-Cap Growth	S&P 500/Citigroup Growth	Match
Mid-Cap Value	S&P MidCap 400/Citigroup Value	Match
Mid-Cap Growth	S&P MidCap 400/Citigroup Growth	Match
Small-Cap Value	S&P SmallCap 600/Citigroup Value	Match
Small-Cap Growth	S&P SmallCap 600/Citigroup Growth	Match
Europe 30	ProFunds Europe 30	Match

Ultra ProFunds
Ultra ProFunds seek to provide daily investment results, before fees and expenses, that double (200%) the daily performance of their benchmark indexes.

ProFund	Index	Daily Objective
UltraBull	S&P 500	Double
UltraMid-Cap	S&P MidCap 400	Double
UltraSmall-Cap	Russell 2000®	Double
UltraDow 30	Dow 30	Double
UltraNASDAQ-100	Nasdaq 100®	Double
UltraEmerging Markets	BONY Emerging Markets 50 ADR	Double
UltraInternational	MSCI EAFE	Double
UltraLatin America	Bank of New York Latin America 35 ADR Index	Double
UltraChina	Bank of New York China Select	Double
UltraJapan	Nikkei 225 Stock Average	Double

Inverse ProFunds
Inverse ProFunds seek to provide daily investment results, before fees and expenses, that either match (100%) or double (200%) the inverse (opposite) of the daily performance of their benchmark indexes.

ProFund	Index	Daily Objective
Bear	S&P 500	Inverse
Short Small-Cap	Russell 2000®	Inverse
Short NASDAQ-100	Nasdaq 100®	Inverse
UltraBear	S&P 500	Double the Inverse
UltraShort Mid-Cap	S&P MidCap 400	Double the Inverse
UltraShort Small-Cap	Russell 2000®	Double the Inverse
UltraShort Dow 30	Dow 30	Double the Inverse
UltraShort NASDAQ-100	Nasdaq 100®	Double the Inverse
UltraShort International	MSCI EAFE	Double the Inverse
UltraShort Emerging Markets	BONY Emerging Markets 50 ADR	Double the Inverse
UltraShort Latin America	Bank of New York Latin America 35 ADR Index	Double the Inverse
UltraShort China	Bank of New York China Select	Double the Inverse
UltraShort Japan	Nikkei 225 Stock Average	Double the Inverse

Sector ProFunds
UltraSector ProFunds seek to provide daily investment results, before fees and expenses, that correspond to one-and-one-half times (150%) the daily performance of their benchmark indexes.

ProFund	Index	Daily Objective
Banks	Dow Jones U.S. Banks	150%
Basic Materials	Dow Jones U.S. Basic Materials	150%
Biotechnology	Dow Jones U.S. Biotechnology	150%
Consumer Goods	Dow Jones U.S. Consumer Goods	150%
Consumer Services	Dow Jones U.S. Consumer Services	150%
Financials	Dow Jones U.S. Financials	150%
Health Care	Dow Jones U.S. Health Care	150%
Industrials	Dow Jones U.S. Industrials	150%
Internet	Dow Jones Composite Internet	150%
Leisure Goods *	Dow Jones U.S. Leisure Goods	150%
Mobile Telecommunications	Dow Jones U.S. Mobile Telecommunications	150%
Oil Equip., Svcs. & Dist.	Dow Jones U.S. Oil Equip., Svcs. & Dist.	150%
Oil & Gas	Dow Jones U.S. Oil & Gas	150%
Pharmaceuticals	Dow Jones U.S. Pharmaceuticals	150%
Precious Metals	Dow Jones Precious Metals	150%
Real Estate	Dow Jones U.S. Real Estate	150%
Semiconductor	Dow Jones U.S. Semiconductors	150%
Technology	Dow Jones U.S. Technology	150%
Telecommunications	Dow Jones U.S. Telecommunications	150%
Utilities	Dow Jones U.S. Utilities	150%

ProFund	Index	Daily Objective
Short Oil & Gas	Dow Jones U.S. Oil & Gas	Inverse
Short Precious Metals	Dow Jones Precious Metals	Inverse
Short Real Estate	Dow Jones U.S. Real Estate	Inverse

Non-Equity ProFunds
Non-Equity ProFunds ProFunds provide exposure to the U.S. Dollar Index® (USDX®) and certain U.S. Treasury securities.

ProFund	Index	Daily Objective
U.S. Government Plus	30-year U.S. Treasury Bond	125%
Rising Rates Opportunity 10	10-year U.S. Treasury Note	Inverse
Rising Rates Opportunity	30-year U.S. Treasury Bond	125% Inverse
Rising U.S. Dollar	U.S. Dollar Index	Match
Falling U.S. Dollar	U.S. Dollar Index	Inverse

Access High Yield - Flex
Access Flex High Yield Fund provides exposure to the high-yield market. Access Flex Bear High Yield Fund provides inverse exposure to the high yield market. The funds are not benchmarked to a specific market index.

ProFund	Index	Daily Objective
Access Flex High Yield	Not benchmarked	N/A
Access Flex Bear High Yield	Not benchmarked	N/A

* Funds are available but currently inactive. Please call 888/PRO-5717 if you are interested in investing in one of these funds.

The ProFunds family also includes the Money Market ProFund as a cash alternative. This fund seeks to maintain a $1 share price while providing income.

An investment in the Money Market ProFund is not insured by the Federal Deposit Insurance Corporation or any other government agency. The Money Market ProFund seeks to preserve the value of your investment at $1 per share. However, it is possible to lose money by investing in this ProFund.

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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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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