ProFunds

Ticker
Investor Class
SMPIX
Service Class
SMPSX

CUSIP
Investor Class
743185-449
Service Class
743185-431

Fund Number
Investor Class
045
Service Class
075

Inception Date
6/19/2000

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Votes

Semiconductor UltraSector ProFund

Vital Statistics

Class	Ticker	CUSIP	Fund Number
Investor	SMPIX	743185-449	045
Service	SMPSX	743185-431	075

Inception Date for all share classes is 6/19/2000

NAV

as of 11/19/2009

Class	NAV	% Change	$ Change
Investor	$10.88	-5.47%	-$0.63
Service	$9.99	-5.49%	-$0.58

At a GlanceThe Semiconductor UltraSector ProFund provides leveraged exposure to the Dow Jones U.S. Semiconductor Index. ObjectiveSeeks daily investment results before fees and expenses, that correspond to 150%, of the daily performance of the Dow Jones U.S. Semiconductor 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 invests in a single industry. Its shares do not represent a complete investment program. As non-diversified and single industry fund, the value of its shares may fluctuate more than shares invested in a broader range of industries and companies.

Dow Jones U.S. Semiconductors Index

The Dow Jones U.S. Semiconductor Index measures the performance of the semiconductor industry of the U.S. equity market. Component companies are engaged in the production of semiconductors and other integrated chips, as well as other related products such as circuit boards and motherboards. It is not possible to invest directly in an index.

Index (as of 9/30/2009)

Top 10 Index Companies

Name	Weight
Intel Corp.	35.60%
Texas Instruments Inc.	9.87%
Applied Materials Inc.	5.88%
Broadcom Corp.	4.38%
NVIDIA Corp.	2.68%
Analog Devices Inc.	2.62%
Marvell Technology Group Ltd.	2.58%
Micron Technology Inc.	2.27%
Xilinx Inc.	2.12%
KLA-Tencor Corp.	1.98%

Total Index Companies

Average Index Market Capitalization

5.99 billion

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)	79.24%
Average Annual One Year	10.74%
Average Annual Three Year	-14.06%
Average Annual Five Year	-5.89%
Average Annual Ten Year	––
Average Annual Since Inception	-26.46%
Cumulative Since Inception	-94.23%
Gross Expense Ratio	1.77%
Net Expense Ratio*	1.68%

*Contractual waiver effective from December 1, 2007 through November 30, 2008. Without such a waiver of fees, the total returns would have been lower.

View Daily Price Movement 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 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.

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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).

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