ProFunds Announces Mutual Fund and ProFund VP Share Splits

ProFunds, the premier provider of leveraged and inverse funds, announced today forward and reverse splits for the ProFunds and VP fund listed below. The forward and reverse splits will not change the total value of a shareholder’s investment.

ProFunds Mutual Fund Reverse Splits

Five funds will reverse split at the following split ratios:

Fund Name	Investor Class Ticker	Service Class Ticker	Split Ratio
UltraShort Japan	UKPIX	UKPSX	1:10
UltraShort Small-Cap	UCPIX	UCPSX	1:10
Short Bitcoin Strategy1	BITIX		1:10
UltraShort Latin America	UFPIX	UFPSX	1:8
Short Small-Cap	SHPIX	SHPSX	1:2

All reverse splits will apply to shareholders of record as of the close of the markets on October 11, 2024. The funds will trade at the post-split prices on October 14, 2024. The ticker symbols and CUSIP numbers for the funds will not change.

Reverse splits increase the price per share of each fund with a proportionate decrease in the number of shares outstanding. For example, for a 1-for-10 reverse split, every 10 pre-split shares held by a shareholder will result in the receipt of one post-split share, which will be priced at 10 times the net NAV of a pre-split share. Thus, the total value of a shareholder’s investment is not affected.

Illustration of a Reverse Split

The following table shows an example of the effect of a hypothetical 1-for-10 split:

	# of Shares Owned	Hypothetical NAV per Share	Value of Shares
Pre-Split	1,000	$6.00