ProFunds UltraNASDAQ-100 Fund

This fund strategically invests in a blend of financial instruments that ProFund Advisors anticipate will, in aggregate, achieve daily returns consistent with its primary investment objective. The underlying index tracked by the fund comprises the one hundred largest non-financial companies, selected by their market capitalization, which are traded on The Nasdaq Stock Market and operate globally as well as within the domestic market. It should be noted that this fund is not diversified.