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Get More for Your Investment Dollar
Ultra ProFunds offer magnified returns.

Investors who believe the stock market, or some segment of it, is headed higher often buy indexed funds designed to move in line with that market. But in a so-so return environment, some may find they need more than ''market'' performance to achieve their financial goals.

Ultra ProFunds are designed to magnify the impact of your investment dollar. Unlike conventional index funds that aim to match the performance of a benchmark index, Ultra ProFunds seek daily results, before fees and expenses that double (200%) the daily performance of their benchmark indexes ( gains, losses and volatility).

For example, UltraBull ProFund, seeks daily investment results, before fees and expenses, corresponding to twice (200%) the daily performance of the S&P 500 Index. So if the S&P 500 goes up by 1% on a particular day, the value of the UltraBull ProFund should increase by 2%. On a day when the S&P 500 declines by 1%, UltraBull ProFund should lose 2%.

Seek to Magnify the Impact of Your Investment

Ultra ProFunds use leveraged investment techniques that seek to magnify their exposure to their market indexes (gains, losses and volatility), an approach that gives fund investors two ways to extend their market reach.

Obtain Your Target Market Exposure with Less Cash. With UltraBull ProFund you could invest less money than you'd put in a traditional fund to obtain your desired level of market exposure, as illustrated below. And you could leave the unused funds in cash.

Get More Exposure for Your Cash. You can also use the UltraBull ProFund to obtain magnified exposure to the S&P 500 Index with the same cash investment you'd make in a traditional fund. With Ultra Funds magnified exposure applies to losses as well as gains.

Not Just for the S&P 500

UltraBull ProFund is just one of six Ultra ProFunds which, span a variety of small, mid- and large-cap market indexes.

ProFunds also offers a full complement of 18 UltraSector ProFunds designed to provide daily returns, before fees and expenses, of 150% of the daily performance of their benchmark index. So you can take a "slice" of your portfolio and focus on an industry or economic sector you think has strong potential. Of course, since sector funds are concentrated in a single market segment, they can be more volatile and riskier than more diversified funds and, in themselves, don't constitute a complete investment program.

An Indexed Approach

While Ultra ProFunds seek to provide magnified exposure to their benchmarks, they also offer the benefits of an indexed investment approach. The funds don't invest outside their benchmark indexes or make bets on individual companies.

And like all ProFunds, Ultra ProFunds may be appropriate for active investors. ProFunds does not limit how often you may exchange among ProFunds or impose any transaction fees when you buy, sell or exchange a ProFund (other than a $10 wire redemption fee, under certain circumstances). Exchanges may have tax consequences, and active investment strategies can decrease performance and increase expenses.

Investing in ProFunds involves certain risks, including, in all or some cases, leverage, liquidity, short sale, small-cap company, international investing, and repurchase agreement risks. These risks can increase volatility and decrease performance and increase expenses. Moreover, 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 when purchased.

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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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