ProFunds

Ticker
Investor Class
TEPIX
Service Class
TEPSX

CUSIP
Investor Class
743185-266
Service Class
743185-258

Fund Number
Investor Class
054
Service Class
084

Inception Date
6/19/2000

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Votes

Technology UltraSector ProFund

Vital Statistics

Class	Ticker	CUSIP	Fund Number
Investor	TEPIX	743185-266	054
Service	TEPSX	743185-258	084

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

NAV

as of 11/19/2009

Class	NAV	% Change	$ Change
Investor	$24.82	-2.59%	-$0.66
Service	$23.08	-2.62%	-$0.62

At a GlanceThe Technology UltraSector ProFund provides leveraged exposure to the Dow Jones U.S. Technology Index. ObjectiveSeeks daily investment results, before fees and expenses, that correspond to 150%, of the daily performance of the Dow Jones U.S. Technology 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. Technology Index

The Dow Jones U.S. Technology Index measures the performance of the technology sector of the U.S. equity market. Component companies include those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services. It is not possible to invest directly in an index.

Index (as of 9/30/2009)

Top 10 Index Companies

Name	Weight
Microsoft Corp.	11.24%
Apple Inc.	9.04%
International Business Machines Corp.	8.67%
Cisco Systems Inc.	7.45%
Google Inc. Cl A	6.56%
Hewlett-Packard Co.	6.14%
Intel Corp.	5.97%
Oracle Corp.	4.37%
Qualcomm Inc.	4.05%
EMC Corp.	1.88%

Total Index Companies

173

Average Index Market Capitalization

10.54 billion

Index Sector Weightings

Industry Groups	Weight
Technology Hardware and Equipment	56.77%
Software and Computer Services	43.23%

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)	85.64%
Average Annual One Year	6.91%
Average Annual Three Year	-4.62%
Average Annual Five Year	1.30%
Average Annual Ten Year	––
Average Annual Since Inception	-20.63%
Cumulative Since Inception	-88.29%
Gross Expense Ratio	1.82%
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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