ProFunds Mid Cap Value Fund (MLPIX) Diversifiers

The investment seeks investment results, before fees and expenses, that track the performance of the S&P MidCap 400 Value Index (the "index"). The fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the index. The index is designed to provide a comprehensive measure of mid-cap U.S. equity value performance. It is an unmanaged float-adjusted, market capitalization weighted index comprising of stocks from the S&P MidCap 400 that have been identified as being on the value end of the growth-value spectrum as determined by S&P Dow Jones Indices LLC.