UUPIX Ultraemerging Markets Profund Investor Class (MM)

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

ProFunds Mutual Fund Reverse Splits

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

ProFund       Investor Class       Service Class       Split Ratio Access Flex Bear High Yield       AFBIX       AFBSX       1:5 Bear       BRPIX       BRPSX       1:5 UltraEmerging Markets       UUPIX       UUPSX       1:5 UltraShort Emerging Markets       UVPIX       UVPSX       1:5 UltraShort NASDAQ-100       USPIX       USPSX       1:5 Rising Rates Opportunity       RRPIX       RRPSX       1:8 Short Precious Metals       SPPIX       SPPSX       1:8 Short Oil and Gas       SNPIX       SNPSX       1:8 UltraShort Dow 30       UWPIX       UWPSX       1:8 UltraShort Mid-Cap       UIPIX       UIPSX       1:10 UltraBear       URPIX       URPSX       1:10  

ProFunds VP Fund Reverse Splits

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

ProFund VP       Split Ratio       CUSIP Telecommunications       1:4       74318A778 Japan       1:4       743185118 Bear       1:5       743185688 Short Mid-Cap       1:8       74318A232 Rising Rates Opportunity       1:10       74318A653  

All reverse splits will apply to shareholders of record as of the close of the markets on Dec. 2, 2016. The funds will trade at the post-split prices on Dec. 5, 2016. 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 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 offers more than 100 mutual funds and VP funds. ProFund Advisors was founded in 1997 and, together with its affiliates, ProShare Advisors and ProShare Capital Management, has over $31 billion of assets under management.1

1 As of 9/30/2016

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. Obtain them from your financial advisor or broker-dealer representative or visit ProFunds.com.

ProFunds are distributed by ProFunds Distributors, Inc.

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Media:Hewes Communications, Inc.Tucker Hewes, 212-207-9451tucker@hewescomm.comorInvestors:ProFunds.com888-776-3637orFinancial ProfessionalProFunds.com888-776-5717