ProFunds Mutual Fund and VP Fund Share Splits

ProFunds will execute reverse share splits and forward share splits on the mutual funds listed below. The ticker symbols and CUSIP numbers for the funds will not change, nor will the value of a shareholder's investment.

VP Mutual Fund Reverse Splits

Effective December 11, 2017, ProFunds will execute reverse share splits on the following two VP funds at the split ratios listed below:

Mutual Fund Reverse Splits

Effective January 22, 2018, ProFunds will execute reverse share splits on the following four funds at the split ratios listed below:

Illustration of a Hypothetical 1-for-5 Reverse Split

The reverse splits will increase the price per share of each fund with a proportionate decrease in the number of shares outstanding. For example, for the 1-for-5 reverse split, every five pre-split shares held by a shareholder will result in the receipt of one post-split share, which will be priced at five times the net NAV of a pre-split share.

Mutual Fund Forward Splits

Effective January 22, 2018, ProFunds will execute forward share splits on the following three funds at the split ratios listed below:

Illustration of a Hypothetical 3-for-1 Forward Split

The split will decrease the price per share of the fund with a proportionate increase in the number of shares outstanding. For example, for a 3-for-1 split, every pre-split share held by a shareholder will result in the receipt of three post-split shares, which will be priced at one-third of the net asset value ("NAV") of a pre-split share.

Learn more: Splits and Reverse Splits FAQs

November 8, 2017