ProFunds

- Ultra ProShares
- Short ProShares

Ticker
Investor Class
USPIX
Service Class
USPSX

CUSIP
Investor Class
743185-845
Service Class
743185-837

Fund Number
Investor Class
009
Service Class
029

Inception Date
6/2/1998

No Proxy Voting
Records
Available For
This Fund

UltraShort NASDAQ-100 ProFund

Vital Statistics

Class	Ticker	CUSIP	Fund Number
Investor	USPIX	743185-845	009
Service	USPSX	743185-837	029

Inception Date for all share classes is 6/2/1998

NAV

as of 7/2/2009

Class	NAV	% Change	$ Change
Investor	$9.49	4.75%	$0.43
Service	$10.07	4.68%	$0.45

At a GlanceThe UltraShort NASDAQ-100 ProFund* provides leveraged exposure to the NASDAQ-100® Index. ObjectiveSeeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the NASDAQ-100 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. This ProFund should experience losses when benchmark indexes rise.

This ProFund carries additional risks to the extent that the NASDAQ-100 is currently concentrated in technology sector.

Returns (as of 3/31/2009)

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 7/2/2009)	-41.92%
Average Annual One Year	15.28%
Average Annual Three Year	2.38%
Average Annual Five Year	-5.81%
Average Annual Ten Year	-19.62%
Average Annual Since Inception	-28.70%
Cumulative Since Inception	-97.43%
Gross Expense Ratio	1.50%
Net Expense Ratio	––

View Performance Chart

Fund Statistics

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

All data, unless otherwise noted, is as of 3/31/2009 and for Investor Class Shares only and is subject to change.

* Formerly the UltraShort OTC ProFund.

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

› Money Market ProFund plans to participate in the Treasury Guarantee Program

› Download ProFunds
Quickfacts

› NAVs for all funds

› Returns for all funds

› Performance charts

› 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