ProFunds Biotechnology UltraSector Fund Service Class

ProFunds Announces Mutual Fund Share Splits

BETHESDA, Md.--(BUSINESS WIRE)--ProFunds, a premier provider of alternative mutual funds, announced today share splits and reverse share splits on the mutual funds listed below. The splits and reverse splits will not change the value of a shareholder’s investment. Splits One fund will split shares 4-for-1: The split will apply to shareholders of record as of the close of the markets on February 21, 2014. The fund will trade at its post-split price on February 24, 2014. The ticker symbol and CUSIP number for the fund will not change. 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 4-for-1 split, every pre-split share held by a shareholder will result in the receipt of four post-split shares, which will be priced at one-fourth of the net asset value (“NAV”) of a pre-split share. Illustration of a Split The following table shows the effect of a hypothetical 4-for-1 split: Reverse Splits Five funds will reverse split shares 1-for-5: Two funds will reverse split shares 1-for-8: One fund will reverse split shares 1-for-10: All reverse splits will apply to shareholders of record as of the close of the markets on February 21, 2014. The funds will trade at the post-split prices on February 24, 2014. The ticker symbols and CUSIP numbers for the funds will not change. 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 splits, 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 NAV of a pre-split share. Illustration of a Reverse Split The following table shows the effect of a hypothetical 1-for-5 reverse split: About ProFunds ProFunds is a premier provider of alternative mutual funds offering more than 100 funds. ProFund Advisors was founded in 1997, and together with its affiliates, ProShare Advisors and ProShare Capital Management, had approximately $32 billion of assets under management as of 12/31/2014. Many ProFunds routinely employ leveraged investment techniques that magnify gains and losses, and result in greater volatility in value. Each geared (leveraged or inverse) ProFund seeks a return that is a multiple (e.g., 2x, -1x) of the return of an index or other benchmark (target) for a single day. Due to the compounding of daily returns, geared ProFunds’ returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their ProFunds holdings consistent with their strategies, as frequently as daily. For more on risks, please read the prospectus. ProFunds are not suitable for all investors because of the sophisticated techniques the funds employ. Investing involves risk, including the possible loss of principal. ProFunds entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. For more on correlation, leverage and other risks, please read the prospectus. There is no guarantee any ProFund will achieve its investment objective. 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 cause investors to incur tax consequences. Carefully consider the investment objectives, risks, charges and expenses of ProFunds before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing. ProFunds are distributed by ProFunds Distributors, Inc.