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

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.