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ProFunds Short Small Cap Fund Service Class SHPSX

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Strategy

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Russell 2000® Index. The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Daily Target. It is a market capitalization-weighted index containing approximately 2000 of the smallest companies in the Russell 3000® Index, or approximately 10% of the total market capitalization of the Russell 3000® Index, which in turn represents approximately 97% of the U.S. equity market. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SHPIX	ProFunds Short Small Cap Fund Investor Class	No Load	Open	—	—	May 1, 2002	$661,717.00	1.780%	Above Average	$15,000	−$1.21M
SHPSX	ProFunds Short Small Cap Fund Service Class	Level Load	Open	—	—	May 1, 2002	$8,352.00	2.780%	High	$15,000	−$1,513.82

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