ProFunds Telecommunications UltraSector Fund Service Class (TCPSX)

Investment Objective The investment seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the daily performance of the Dow Jones U.S. TelecommunicationsSM Index. The fund invests in securities and derivatives that the adviser believes, in combination, should have similar daily return characteristics as one and one-half times (1.5x) the daily return of the index. The index measures the performance of the telecommunications industry of the U.S. equity market. The fund is non-diversified.