Money Market ProFund Name Change

| January 29, 2016

As you may know already, Money Market ProFund (the "Fund") will begin operating as a government money market fund. As a result, the Fund's name will be changing to Government Money Market ProFund. This change will become effective on May 2, 2016.

No action is required on your part for this change to take effect. How you access or use your account will not be affected.

By way of background, on January 28, 2016, shareholders of the Fund voted to approve changes to the Fund's investment policies to enable it to operate as a government money market fund. Shareholders of the Cash Management Portfolio (the "Portfolio"), the master portfolio in which the Fund invests substantially all of its assets, approved a nearly identical proposal on the same day.

Please call 888-776-3637 if you have questions or need additional information. (Financial Professionals should call 888-776-5717).