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ProFunds Announces Mutual Fund Share Splits

Bethesda, MD, Nov. 24, 2015 — ProFunds, a premier provider of alternative mutual funds, announced today forward and reverse share splits on the mutual funds listed below. The forward and reverse splits will not change the value of a shareholder's investment.

Forward Splits

One fund will split shares 3-for-1:

Fund Investor Class Service Class Split Ratio
NASDAQ-100 OTPIX OTPSX 3:1


The forward split will apply to shareholders of record as of the close of the markets on Dec. 11, 2015. The fund will trade at its post-split price on Dec. 14, 2015. The ticker symbol and CUSIP number for the fund will not change.

The split will decrease the price per share of the fund with a proportionate increase in the number of shares outstanding. For example, for a 3-for-1 split, every pre-split share held by a shareholder will result in the receipt of three post-split shares, which will be priced at one-third of the net asset value ("NAV") of a pre-split share.

Illustration of a Forward Split

The following table shows the effect of a hypothetical 3-for-1 split:

# of Shares Owned Hypothetical NAV Value of Shares
Pre-Split 100 $30.00 $3,000.00
Post-Split 300 $10.00 $3,000.00

Reverse Splits

Two funds will reverse split shares at the following ratios:

Fund Investor Class Service Class Split Ratio
Precious Metals PMPIX PMPSX 1:5
UltraLatin America UBPIX UBPSX 1:10


All reverse splits will apply to shareholders of record as of the close of the markets on Dec. 11, 2015. The funds will trade at the post-split prices on Dec. 14, 2015. The ticker symbols and CUSIP numbers for the funds will not change.

The reverse splits will increase the price per share of each fund with a proportionate decrease in the number of shares outstanding. For example, for the 1-for-5 reverse split, every five pre-split shares held by a shareholder will result in the receipt of one post-split share, which will be priced at five times the net NAV of a pre-split share.

Illustration of a Reverse Split

The following table shows the effect of a hypothetical 1-for-5 reverse split:

# of Shares Owned Hypothetical NAV Value of Shares
Pre-Split 1,000 $6.00 $6,000.00
Post-Split 200 $30.00 $6,000.00

About ProFunds

ProFunds is a premier provider of alternative mutual funds offering more than 100 funds. ProFund Advisors was founded in 1997 and together with its affiliates, ProShare Advisors and ProShare Capital Management, has $30 billion of assets under management.1

Media Contact:

Tucker Hewes, Hewes Communications, Inc., (212) 207-9451, tucker@hewescomm.com

Investor Contact

(888) 776-3637, ProFunds.com

Financial Professional Contact

(888) 776-5717, ProFunds.com