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Four Leveraged Sector ProFunds Change Benchmarks

Important announcement about Mobile Telecommunications UltraSector ProFund

Bethesda, MD – July 13, 2018 – ProFunds, a premier provider of alternative mutual funds, announced today that four of its public mutual funds will change benchmarks, effective after the market closes on or about August 28, 2018.

Telecommunications, Pharmaceuticals and Oil Equipment, Services & Distribution ProFunds will change from tracking Dow Jones U.S. Sector indexes to Dow Jones U.S. Select Sector indexes.

The Mobile Telecommunications ProFund will change from tracking the Dow Jones U.S. Mobile Telecommunications Index to the new S&P Communication Services Select Sector Index. To more accurately reflect its holdings, the fund’s name will change to Communications Services UltraSector ProFund.

Index Change Details

Fund Name

New Fund Name

Investor Class

Service Class

Current Index

New Index

Telecommunications UltraSector ProFund

N/A

TCPIX

TCPSX

Dow Jones U.S. Telecommunications Index

Dow Jones U.S. Select Telecommunications Index

Pharmaceuticals UltraSector ProFund

N/A

PHPIX

PHPSX

Dow Jones U.S. Pharmaceuticals Index

Dow Jones U.S. Select Pharmaceuticals Index

Oil Equipment, Services & Distribution UltraSector ProFund

Oil Equipment & Services UltraSector Profund

OEPIX

OEPSX

Dow Jones U.S. Oil Equipment, Services & Distribution Index

Dow Jones U.S. Select Oil Equipment & Services Index

Mobile Telecommunications UltraSector ProFund
(POSTPONED)

Communications Services UltraSector ProFund

WCPIX

WCPSX

Dow Jones U.S. Mobile Telecommunications Index

S&P Communication Services Select Sector Index


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 over $30 billion in assets under management, as of December 31, 2017.

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