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ProFunds Announces Mutual Fund and VP Fund Share Splits

Bethesda, MD, Nov. 4, 2016 — ProFunds announced today reverse splits on the ProFunds mutual funds and VP funds listed below. The reverse splits will not change the value of a shareholder’s investment.

ProFunds Mutual Fund Reverse Splits

Eleven funds will reverse split shares at the following split ratios:

ProFund Investor Class Service Class Split Ratio
Access Flex Bear High Yield AFBIX AFBSX 1:5
UltraEmerging Markets UUPIX UUPSX 1:5
UltraShort Emerging Markets UVPIX UVPSX 1:5
UltraShort NASDAQ-100 USPIX USPSX 1:5
Rising Rates Opportunity RRPIX RRPSX 1:8
Short Precious Metals SPPIX SPPSX 1:8
Short Oil and Gas SNPIX SNPSX 1:8
UltraShort Dow 30 UWPIX UWPSX 1:8
UltraShort Mid-Cap UIPIX UIPSX 1:10
UltraBear URPIX URPSX 1:10

ProFunds VP Fund Reverse Splits

Five funds will reverse split shares at the following ratios:

ProFund VP Split Ratio CUSIP
Telecommunications 1:4 74318A778
Japan 1:4 743185118
Bear 1:5 743185688
Short Mid-Cap 1:8 74318A232
Rising Rates Opportunity 1:10 74318A653

All reverse splits will apply to shareholders of record as of the close of the markets on Dec. 2, 2016. The funds will trade at the post-split prices on Dec. 5, 2016. 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 offers more than 100 mutual funds and VP funds. ProFund Advisors was founded in 1997 and, together with its affiliates, ProShare Advisors and ProShare Capital Management, has over $31 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

1As of 9/30/16