ProFunds Announces Mutual Fund Share Splits

BETHESDA, Md.--()--ProFunds, a premier provider of alternative mutual funds, announced today forward and reverse share splits on the mutual funds listed below. The forward and reverse splits will not change the value of a shareholder's investment.

Forward Splits

One fund will split shares 3-for-1:

ProFund     Investor Class     Service Class     Split Ratio
NASDAQ-100     OTPIX     OTPSX     3:1
           

The forward split will apply to shareholders of record as of the close of the markets on Dec. 11, 2015. The fund will trade at its post-split price on Dec. 14, 2015. 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 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.

Illustration of a Forward Split

The following table shows the effect of a hypothetical 3-for-1 split:

      # of Shares Owned     Hypothetical NAV     Value of Shares
Pre-Split     100     $30.00     $3,000.00
Post-Split     300     $10.00     $3,000.00
           

Reverse Splits

Two funds will reverse split shares at the following split ratios:

ProFund     Investor Class     Service Class     Split Ratio
Precious Metals     PMPIX     PMPSX     1:5
UltraLatin America     UBPIX     UBPSX     1:10
           

All reverse splits will apply to shareholders of record as of the close of the markets on Dec. 11, 2015. The funds will trade at the post-split prices on Dec. 14, 2015. 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 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.

Illustration of a Reverse Split

The following table shows the effect of a hypothetical 1-for-5 reverse split:

      # of Shares Owned     Hypothetical NAV     Value of Shares
Pre-Split     1,000     $6.00     $6,000.00
Post-Split     200     $30.00     $6,000.00
           

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, has $30 billion of assets under management.1

1 As of 10/30/2015

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.

Contacts

Media Contact:
Hewes Communications, Inc.
Tucker Hewes, (212) 207-9451
tucker@hewescomm.com
or
Investor Contact:
(888) 776-3637, ProFunds.com
or
Financial Professional Contact:
(888) 776-5717, ProFunds.com

Release Summary

ProFunds announced today forward and reverse share splits on the mutual funds listed below. The forward and reverse splits will not change the value of a shareholder's investment.

Contacts

Media Contact:
Hewes Communications, Inc.
Tucker Hewes, (212) 207-9451
tucker@hewescomm.com
or
Investor Contact:
(888) 776-3637, ProFunds.com
or
Financial Professional Contact:
(888) 776-5717, ProFunds.com