ProFunds

Ticker
Investor Class
ULPIX
Service Class
ULPSX

CUSIP
Investor Class
743185-803
Service Class
743185-209

Fund Number
Investor Class
005
Service Class
025

Inception Date
11/27/1997

View Proxy
Votes

UltraBull ProFund

Vital Statistics

Class	Ticker	CUSIP	Fund Number
Investor	ULPIX	743185-803	005
Service	ULPSX	743185-209	025

Inception Date for all share classes is 11/27/1997

NAV

as of 11/19/2009

Class	NAV	% Change	$ Change
Investor	$31.35	-2.67%	-$0.86
Service	$28.62	-2.69%	-$0.79

At a Glance The UltraBull ProFund provides leveraged exposure to the S&P 500® Index. ObjectiveSeeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the S&P 500 Index.

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 at original purchase. See the prospectus for more information.

This ProFund routinely employs leveraged investment techniques that magnify gains and losses and result in greater volatility in value.

Large capitalization stocks are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this ProFund will fluctuate as the value of the securities in the portfolio changes.

S&P 500 Index

The S&P 500 Index (Bloomberg Symbol: SPX) is a widely used measure of large U.S. stock market performance. It includes a representative sample of leading companies in leading industries. Companies are selected for inclusion in the Index by Standard & Poor's based on adequate liquidity, appropriate market capitalization, financial viability and public float. It is not possible to invest directly in an index.Bloomberg SymbolSPX

Index (as of 9/30/2009)

Top 10 Index Companies

Name	Weight
Exxon Mobil Corp.	3.53%
Microsoft Corp.	2.15%
General Electric Co.	1.87%
JPMorgan Chase & Co.	1.85%
The Procter & Gamble Co.	1.81%
Johnson & Johnson	1.80%
Apple Inc.	1.78%
AT&T Inc.	1.71%
International Business Machines Corp.	1.68%
Bank of America Corp.	1.57%

Total Index Companies

500

Average Index Market Capitalization

19.64 billion

Index Sector Weightings

Industry Groups	Weight
Consumer, Non-Cyclical	23.35%
Financial	15.08%
Technology	12.72%
Energy	11.83%
Communications	11.26%
Industrial	10.33%
Consumer, Cyclical	8.39%
Utilities	3.59%
Basic Materials	3.40%
Diversified	0.05%

Returns (as of 9/30/2009)

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed may be worth more or less than the original cost. For standardized returns as of the most recent month-end, click here.

Returns include the reinvestment of dividends and capital gains.

YTD (as of 11/19/2009)	38.05%
Average Annual One Year	-30.18%
Average Annual Three Year	-21.96%
Average Annual Five Year	-8.59%
Average Annual Ten Year	-10.50%
Average Annual Since Inception	-5.84%
Cumulative Since Inception	-50.93%
Gross Expense Ratio	1.50%
Net Expense Ratio	––

Fund Statistics

Limits On Exchanges	None
Minimum Investment
Individual Investor	$15,000
Financial Professionals	$5,000

All data, unless otherwise noted, is as of 9/30/2009 and for Investor Class Shares only and is subject to change.

07-00291

Investing in ProFunds involves certain risks, including in all or some cases, leverage, liquidity, concentration, non-diversification, foreign investment, foreign currency, high yield, interest rate, credit, market, correlation, aggressive investment technique and repurchase agreement risks. Moreover, there is no guarantee that any ProFund will achieve its investment objective. These risks can increase volatility and decrease performance. All ProFunds permit active investment strategies which can decrease performance and increase expenses.

I want to...

› Open an account

› Get prospectus/fund
reports

Quick links

› Download ProFunds
Quickfacts

› NAVs for all funds

› Returns for all funds

› See Fund Distributions

› Historical NAVs

› Tickers/CUSIPS for all
funds

› ProCharts

Many ProFunds routinely employ leveraged investment techniques that magnify gains and losses and result in greater volatility in value. Each leveraged or inverse ProFund seeks a return that is a multiple (e.g., 200%) of the return of an index or other benchmark (target) for a single day. Due to the compounding of daily returns, leveraged and inverse ProFunds' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus.

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 incur tax consequences. All ProFunds permit active investment strategies that can decrease performance and increase expenses. In addition, it is important to note that some ProFunds are not suitable for all investors, because of aggressive investment techniques many of the funds employ.

"ProFunds Group" includes ProFunds mutual funds and ProShares ETFs. ProFunds are distributed by ProFunds Distributors, Inc., member FINRA.

Carefully consider the investment objectives, risks, charges and expenses of ProFunds before investing or sending money. This and other information can be found in their prospectuses. Read the prospectus carefully before investing. For a ProFunds prospectus, please call 888-PRO-FNDS (888-776-3637), or visit www.profunds.com. Financial professionals should call 888-PRO-5717 (888-776-5717).

Legal Information