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Ticker
Investor Class
AFBIX
Service Class
AFBSX

CUSIP
Investor Class
00433W-882
Service Class
00433W-874


Fund Number
Investor Class
111
Service Class
141


Inception Date
4/28/2005



Vital Statistics

Class Ticker CUSIP Fund Number
Investor AFBIX 00433W-882 111
Service AFBSX 00433W-874 141

Inception Date for all share classes is 4/28/2005

NAV
as of 1/5/2009

Class NAV % Change $ Change
Investor $26.49 0.15% $0.04
Service $25.72 0.16% $0.04
At a Glance
Access Flex Bear High Yield Fund provides inverse exposure to the high yield market without the exchange restrictions and redemption fees generally imposed by other high yield mutual funds. Objective
Access Flex Bear High Yield Fund seeks to provide investment results that correspond generally to the inverse (opposite) of the total return of the high yield market consistent with maintaining reasonable liquidity.

Access Flex Bear High Yield provides inverse exposure to the high yield market, but is not benchmarked to a specific market index. The fund manager does not make active bets on specific securities or segments within the high yield market.
Returns (as of 9/30/2008)
YTD (as of 1/5/2009) 0.57%
Average Annual One Year 2.50%
Average Annual Three Year -0.90%
Average Annual Five Year ––
Average Annual Ten Year ––
Average Annual Since Inception -1.95%
Cumulative Since Inception -6.52%
Gross Expense Ratio 1.43%
Net Expense Ratio ––

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



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.
 


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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