The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P MidCap 400 Index. The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. It is a float-adjusted, market capitalization-weighted index of 400 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization and financial viability. It is non-diversified.

Nasdaq

UIPIX

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Nikkei 225 Stock Average. The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index is a modified price-weighted index of the 225 most actively traded and liquid Japanese companies listed in the First Section of the Tokyo Stock Exchange ("TSE").

UKPIX

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P 500 Index. The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization and financial viability. It is non-diversified.

URPIX

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Nasdaq-100 Index. The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization.

USPIX

The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index is designed to track the performance of a basket of companies who are domiciled in an emerging market of an emerging market country and who also have a level II or III ADR program, New York Shares or Global Registered Shares listed with the New York Stock Exchange or Nasdaq. It is non-diversified.

UVPIX

The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index is a price-weighted index and includes 30 large-cap, "blue-chip" U.S. stocks, excluding utility and transportation companies.

UWPIX

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI EAFE Index. The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index includes 85% of free float-adjusted, market capitalization in each industry group in developed market countries, excluding the U.S. and Canada.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield
UIPIX	ProFunds UltraShort Mid Cap Fund	Inverse Equities, Leveraged	Jan 29, 2004	1.78%	-13.22%	-25.70%	5.46%
UKPIX	ProFunds Ultra Short Japan Fund	Inverse Equities, Leveraged	Mar 28, 2006	1.78%	-27.44%	-29.40%	2.23%
URPIX	ProFunds UltraBear Fund	Inverse Equities, Leveraged	Dec 21, 1997	1.78%	-16.74%	-26.89%	3.63%
USPIX	ProFunds UltraShort NASDAQ-100 Fund	Inverse Equities, Leveraged	Jun 1, 1998	1.68%	-16.53%	-37.46%	7.09%
UVPIX	ProFunds Ultra Short Emerging Market Fund	Inverse Equities, Leveraged	Apr 18, 2006	1.78%	-16.24%	-21.01%	8.66%
UWPIX	ProFunds UltraShort Dow 30 Fund	Inverse Equities, Leveraged	Jul 21, 2004	1.78%	-8.57%	-25.16%	2.49%
UXPIX	ProFunds Ultra Short International Fund	Inverse Equities, Leveraged	Apr 18, 2006	1.78%	-11.00%	-15.75%	4.46%

The Best Inverse Equities Mutual Funds

Risk vs. Return Scatterplot