There is no guarantee any ProFund will achieve its investment objective.ДЄll ProFunds are subject to active investor risk. For more on correlation, leverage and other risks, please read the prospectus. 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. Investing involves risk, including the possible loss of principal. ProFunds are not suitable for all investors because of the sophisticated techniques the funds employ. For more on risks, please read the prospectus. Investors should monitor their ProFunds holdings consistent with their strategies, as frequently as daily. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. 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. 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. Many ProFunds routinely employ leveraged investment techniques that magnify gains and losses, and result in greater volatility in value. Narrowly focused investments typically exhibit higher volatility. REITs are passive investment vehicles that invest primarily in income-producing real estate or real estate related loans or interests. Component companies include real estate holding and development and real estate service companies and real estate investment trusts ('REITS') that invest in industrial, office and retail properties. The Index (Bloomberg symbol: DJUSRE) measures the performance of the real estate sector of the U.S. Without such a waiver of fees, the total returns may have been lower.ДЄll data, unless otherwise noted, is as of and for Investor Class Shares only and is subject to change. * Contractual waiver effective from Decemthrough November 30, 2021.

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