Ticker
Investor Class
USPIX
Service Class
USPSX

CUSIP
Investor Class
743185-845
Service Class
743185-837


Fund Number
Investor Class
009
Service Class
029


Inception Date
6/2/1998


No Proxy Voting
Records
Available For
This Fund
UltraShort NASDAQ-100 ProFund

Vital Statistics

Class Ticker CUSIP Fund Number
Investor USPIX 743185-845 009
Service USPSX 743185-837 029

Inception Date for all share classes is 6/2/1998

NAV
as of 7/15/2009

Class NAV % Change $ Change
Investor $8.75 -6.62% -$0.62
Service $9.28 -6.64% -$0.66
At a GlanceThe UltraShort NASDAQ-100 ProFund* provides leveraged exposure to the NASDAQ-100® Index. ObjectiveSeeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the NASDAQ-100 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.

This ProFund carries additional risks to the extent that the NASDAQ-100 is currently concentrated in technology sector.
Nasdaq 100® Index
The NASDAQ-100 Index includes 100 of the largest domestic and international non-financial companies listed on The NASDAQ Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. Companies selected for inclusion are non-financial companies currently not in bankruptcy proceedings with appropriate trading volumes and adjusted market capitalization. It is not possible to invest directly in an index.
Index (as of 6/30/2009)
Top 10 Index Companies
Name Weight
Apple Inc. 13.36%
Qualcomm Inc. 6.80%
Microsoft Corp. 5.49%
Google Inc.-Class A 4.66%
Oracle Corp. 3.35%
Gilead Sciences Inc. 3.15%
Research In Motion 3.03%
Cisco Systems Inc. 2.89%
Teva Pharmaceutical-Sp. ADR 2.68%
Intel Corp. 2.44%
Total Index Companies
100
Average Index Market Capitalization
18.37 billion
Index Sector Weightings
Industry Groups Weight
Technology 41.87%
Communications 26.63%
Consumer, Non-Cyclical 19.42%
Consumer, Cyclical 7.33%
Industrial 3.20%
Energy 0.90%
Basic Materials 0.65%
Diversified 0.00%
Financial 0.00%
Utilities 0.00%
Returns (as of 6/30/2009)
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed may be worth more or less than the original cost. For standardized returns as of the most recent month-end, click here.

Returns include the reinvestment of dividends and capital gains.

YTD (as of 7/15/2009) -46.45%
Average Annual One Year -16.38%
Average Annual Three Year -15.40%
Average Annual Five Year -10.89%
Average Annual Ten Year -20.80%
Average Annual Since Inception -30.75%
Cumulative Since Inception -98.29%
Gross Expense Ratio 1.50%
Net Expense Ratio ––

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

All data, unless otherwise noted, is as of 6/30/2009 and for Investor Class Shares only and is subject to change.

* Formerly the UltraShort OTC ProFund.

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.
 
 

Many ProFunds routinely employ leveraged investment techniques that magnify gains and losses, and result in greater volatility in value. Each geared (leveraged or inverse) ProFund seeks a return that is a multiple (e.g., 2x, -2x) of the return of an index or other benchmark (target) for a single day. Due to the compounding of daily returns, geared ProFunds' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their ProFunds holdings consistent with their strategies, as frequently as daily. For more on risks, please read the prospectus.

ProFunds are not suitable for all investors because of the sophisticated techniques the funds employ. Investing involves risk, including the possible loss of principal. ProFunds entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. For more on correlation, leverage and other risks, please read the prospectus. There is no guarantee any ProFund will achieve its investment objective.

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 cause investors to incur tax consequences.

Carefully consider the investment objectives, risks, charges and expenses of ProFunds before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

ProFunds are distributed by ProFunds Distributors, Inc.

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