ProFunds

Ticker
Investor Class
RTPIX
Service Class
RTPSX

CUSIP
Investor Class
74318A-265
Service Class
74318A-257

Fund Number
Investor Class
108
Service Class
138

Inception Date
1/10/2005

No Proxy Voting
Records
Available For
This Fund

Rising Rates Opportunity 10 ProFund

Vital Statistics

Class	Ticker	CUSIP	Fund Number
Investor	RTPIX	74318A-265	108
Service	RTPSX	74318A-257	138

Inception Date for all share classes is 1/10/2005

NAV

as of 11/6/2009

Class	NAV	% Change	$ Change
Investor	$24.19	-0.25%	-$0.06
Service	$24.89	-0.28%	-$0.07

At a GlanceThe Rising Rates Opportunity 10 ProFund provides exposure to the most recently issued 10-year U.S. Treasury note.

The fund seeks to track the note's daily 4 p.m. price. The benchmark for Rising Rates Opportunity 10 ProFund is the most recently issued 10-year U.S. Treasury note. U.S. Treasury notes are guaranteed as to the timely payment of principal and interest, if held to maturity. However, both the principal and yield of a mutual fund will fluctuate with changes in market conditions. ObjectiveThe Rising Rates Opportunity 10 ProFund seeks daily investment results, before fees and expenses, that correspond to the inverse (opposite) of the daily price movement of the most recently issued 10-year U.S. Treasury note. In accordance with its stated objective, the net asset value of Rising Rates Opportunity 10 ProFund generally should decrease as interest rates fall.

Investments in this ProFund are subject to market risks, including movements in prevailing interest rates.

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.

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 11/6/2009)	4.54%
Average Annual One Year	-11.50%
Average Annual Three Year	-5.84%
Average Annual Five Year	––
Average Annual Ten Year	––
Average Annual Since Inception	-2.95%
Cumulative Since Inception	-13.16%
Gross Expense Ratio	1.72%
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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