UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number | 811-08239 |
ProFunds
(Exact name of registrant as specified in charter)
7272 Wisconsin Avenue, 21st Floor | Bethesda, MD | 20814 |
(Address of principal executive offices) | (Zip code) |
Citi Fund Services Ohio, Inc., 4400 Easton Commons, Suite 200, Columbus, OH 43219
(Name and address of agent for service)
Registrant’s telephone number, including area code: | (240) 497-6400 |
Date of fiscal year end: | July 31 |
Date of reporting period: | July 31, 2022 |
Item 1. Reports to Stockholders.
Annual Report
JULY 31, 2022
Investor | Service | ||
Access Flex Bear High Yield ProFund | AFBIX | AFBSX | |
Access Flex High Yield ProFund | FYAIX | FYASX | |
Banks UltraSector ProFund | BKPIX | BKPSX | |
Basic Materials UltraSector ProFund | BMPIX | BMPSX | |
Bear ProFund | BRPIX | BRPSX | |
Biotechnology UltraSector ProFund | BIPIX | BIPSX | |
Bitcoin Strategy ProFund | BTCFX | ||
Bull ProFund | BLPIX | BLPSX | |
Communication Services UltraSector ProFund | WCPIX | WCPSX | |
Consumer Goods UltraSector ProFund | CNPIX | CNPSX | |
Consumer Services UltraSector ProFund | CYPIX | CYPSX | |
Europe 30 ProFund | UEPIX | UEPSX | |
Falling U.S. Dollar ProFund | FDPIX | FDPSX | |
Financials UltraSector ProFund | FNPIX | FNPSX | |
Health Care UltraSector ProFund | HCPIX | HCPSX | |
Industrials UltraSector ProFund | IDPIX | IDPSX | |
Internet UltraSector ProFund | INPIX | INPSX | |
Large-Cap Growth ProFund | LGPIX | LGPSX | |
Large-Cap Value ProFund | LVPIX | LVPSX | |
Mid-Cap Growth ProFund | MGPIX | MGPSX | |
Mid-Cap ProFund | MDPIX | MDPSX | |
Mid-Cap Value ProFund | MLPIX | MLPSX | |
Nasdaq-100 ProFund | OTPIX | OTPSX | |
Oil & Gas UltraSector ProFund | ENPIX | ENPSX | |
Oil Equipment & Services UltraSector ProFund | OEPIX | OEPSX | |
Pharmaceuticals UltraSector ProFund | PHPIX | PHPSX | |
Precious Metals UltraSector ProFund | PMPIX | PMPSX | |
Real Estate UltraSector ProFund | REPIX | REPSX | |
Rising Rates Opportunity ProFund | RRPIX | RRPSX | |
Rising Rates Opportunity 10 ProFund | RTPIX | RTPSX | |
Rising U.S. Dollar ProFund | RDPIX | RDPSX | |
Semiconductor UltraSector ProFund | SMPIX | SMPSX | |
Short Bitcoin Strategy ProFund | BITIX | ||
Short Nasdaq-100 ProFund | SOPIX | SOPSX | |
Short Oil & Gas ProFund | SNPIX | SNPSX | |
Short Precious Metals ProFund | SPPIX | SPPSX | |
Short Real Estate ProFund | SRPIX | SRPSX | |
Short Small-Cap ProFund | SHPIX | SHPSX | |
Small-Cap Growth ProFund | SGPIX | SGPSX | |
Small-Cap ProFund | SLPIX | SLPSX | |
Small-Cap Value ProFund | SVPIX | SVPSX | |
Technology UltraSector ProFund | TEPIX | TEPSX | |
Telecommunications UltraSector ProFund | TCPIX | TCPSX | |
UltraBear ProFund | URPIX | URPSX | |
UltraBull ProFund | ULPIX | ULPSX | |
UltraChina ProFund | UGPIX | UGPSX | |
UltraDow 30 ProFund | UDPIX | UDPSX | |
UltraEmerging Markets ProFund | UUPIX | UUPSX | |
UltraInternational ProFund | UNPIX | UNPSX | |
UltraJapan ProFund | UJPIX | UJPSX | |
UltraLatin America ProFund | UBPIX | UBPSX | |
UltraMid-Cap ProFund | UMPIX | UMPSX | |
UltraNasdaq-100 ProFund | UOPIX | UOPSX | |
UltraShort China ProFund | UHPIX | UHPSX | |
UltraShort Dow 30 ProFund | UWPIX | UWPSX | |
UltraShort Emerging Markets ProFund | UVPIX | UVPSX | |
UltraShort International ProFund | UXPIX | UXPSX | |
UltraShort Japan ProFund | UKPIX | UKPSX | |
UltraShort Latin America ProFund | UFPIX | UFPSX | |
UltraShort Mid-Cap ProFund | UIPIX | UIPSX | |
UltraShort Nasdaq-100 ProFund | USPIX | USPSX | |
UltraShort Small-Cap ProFund | UCPIX | UCPSX | |
UltraSmall-Cap ProFund | UAPIX | UAPSX | |
U.S. Government Plus ProFund | GVPIX | GVPSX | |
Utilities UltraSector ProFund | UTPIX | UTPSX |
Table of Contents
1 | Message from the Chairman | |
3 | Management Discussion of Fund Performance | |
73 | Expense Examples | |
Schedules of Portfolio Investments | ||
80 | Access Flex Bear High Yield ProFund | |
81 | Access Flex High Yield ProFund | |
82 | Banks UltraSector ProFund | |
84 | Basic Materials UltraSector ProFund | |
86 | Bear ProFund | |
87 | Biotechnology UltraSector ProFund | |
89 | Bitcoin Strategy ProFund | |
90 | Bull ProFund | |
92 | Communication Services UltraSector ProFund | |
94 | Consumer Goods UltraSector ProFund | |
97 | Consumer Services UltraSector ProFund | |
100 | Europe 30 ProFund | |
101 | Falling U.S. Dollar ProFund | |
102 | Financials UltraSector ProFund | |
106 | Health Care UltraSector ProFund | |
109 | Industrials UltraSector ProFund | |
113 | Internet UltraSector ProFund | |
115 | Large-Cap Growth ProFund | |
119 | Large-Cap Value ProFund | |
125 | Mid-Cap Growth ProFund | |
129 | Mid-Cap ProFund | |
136 | Mid-Cap Value ProFund | |
141 | Nasdaq-100 ProFund | |
144 | Oil & Gas UltraSector ProFund | |
146 | Oil Equipment & Services UltraSector ProFund | |
148 | Pharmaceuticals UltraSector ProFund | |
150 | Precious Metals UltraSector ProFund | |
152 | Real Estate UltraSector ProFund | |
155 | Rising Rates Opportunity ProFund | |
156 | Rising Rates Opportunity 10 ProFund | |
157 | Rising U.S. Dollar ProFund | |
158 | Semiconductor UltraSector ProFund | |
160 | Short Bitcoin Strategy ProFund | |
161 | Short Nasdaq-100 ProFund | |
162 | Short Oil & Gas ProFund | |
163 | Short Precious Metals ProFund | |
164 | Short Real Estate ProFund | |
165 | Short Small-Cap ProFund | |
166 | Small-Cap Growth ProFund | |
172 | Small-Cap ProFund | |
175 | Small-Cap Value ProFund | |
182 | Technology UltraSector ProFund | |
186 | Telecommunications UltraSector ProFund | |
188 | UltraBear ProFund | |
189 | UltraBull ProFund | |
192 | UltraChina ProFund | |
194 | UltraDow 30 ProFund | |
196 | UltraEmerging Markets ProFund | |
198 | UltraInternational ProFund | |
199 | UltraJapan ProFund | |
200 | UltraLatin America ProFund | |
202 | UltraMid-Cap ProFund | |
209 | UltraNasdaq-100 ProFund | |
212 | UltraShort China ProFund | |
213 | UltraShort Dow 30 ProFund | |
214 | UltraShort Emerging Markets ProFund | |
215 | UltraShort International ProFund | |
216 | UltraShort Japan ProFund | |
217 | UltraShort Latin America ProFund | |
218 | UltraShort Mid-Cap ProFund | |
219 | UltraShort Nasdaq-100 ProFund | |
220 | UltraShort Small-Cap ProFund | |
221 | UltraSmall-Cap ProFund | |
224 | U.S. Government Plus ProFund | |
225 | Utilities UltraSector ProFund | |
227 | Statements of Assets and Liabilities | |
245 | Statements of Operations | |
263 | Statements of Changes in Net Assets | |
293 | Consolidated Statements of Cash Flows | |
295 | Financial Highlights | |
331 | Notes to Financial Statements | |
373 | Report of Independent Registered Public Accounting Firm | |
375 | Trustees and Executive Officers |
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Message from the Chairman
Dear Shareholder:
During these times of geopolitical and economic uncertainty, I want to reaffirm ProFunds' commitment to providing you, our investors, with innovative products and services to help you meet your investment objectives. ProFunds remains focused on ensuring the effective management of our funds for investors, and below is our ProFunds Annual Report to shareholders for the 12 months ended July 31, 2022.
After a Strong Year, Volatility Returned to Equity Markets Amid Growing Pressures
Buoyed by the federal stimulus packages, near-zero interest rates, robust rollout of the COVID-19 vaccines, and strong corporate earnings, stocks generally rose through the second half of 2021. September saw a brief slump, but equity markets rallied again throughout late 2021, as a 6.9% hike in real GDP for the fourth quarter and other data demonstrated overall robust economic performance despite the emergence of the new Omicron variant. The markets ended 2021 with the S&P 500 rising 28.7% for the year and clocking in its third-best yearly performance of the century.
U.S. stocks reversed course in early 2022, as volatility returned amid mounting inflationary pressures, rising interest rates, tightening monetary policy, and Russia's invasion of Ukraine. By mid-year, the S&P 500 was down more than 20% from its January peak and had entered bear market territory for the first time since the World Health Organization's official declaration of a global pandemic in March 2020. With the notable exception of commodities like oil and gas, whose prices surged following sanctions against Russia, nearly all asset classes experienced selloffs through the end of the period. For example, tech-sector-heavy Nasdaq-100 sunk more than 20% during the second quarter alone.
Inflation has been concerning throughout 2022, with the consumer price index rising by 9.1% in June, a 40-year high, according to the U.S. Bureau of Labor Statistics. In July, the inflation rate dropped to 8.5%, due, in large part, to a decline in gas prices. Accordingly, investors have kept a close watch on the U.S. Federal Reserve Bank, which raised interest rates by 25 basis points in March, 50 basis points in May, 75 basis points in June, and 75 basis points in July. This brought the benchmark rate to a range of 2.25%-2.5% in the largest and fastest rate hikes since the 1980s. In his semiannual report to Congress in June, Fed Chairman Jerome Powell noted the Fed's strong commitment to bringing inflation back to the central bank's longer-run goal of 2%, leading some investors to worry about recession. In July, the Federal Open Market Committee reaffirmed its commitment to this goal.
Over the 12-month reporting period, the S&P 500® dropped 4.6%, the S&P MidCap 400® declined 5.7%, and the Russell 2000® Index lost 14.3%. The Nasdaq-100 Index® declined 12.8%, while the Dow® shed 4.1%. Among the Dow Jones Sector and Industry Indices, oil & gas (65.7%) and utilities (15.3%) rose. The biggest laggards were consumer services (-20%) and technology (-12.5%), with industrials, financials and telecom also declining by over 5%.
1 |
International Equities Decline
International developed market equities followed a similar pattern to the United States, rising in the second half of 2021 before dropping after Russia's invasion of Ukraine. Emerging markets, however, generally declined throughout the 12 months, driven by a selloff in China amid a regulatory crackdown. Most major international indexes posted negative returns over the reporting period: The MSCI EAFE Index®, which tracks developed markets outside North America, fell 14.3%. The ProFunds Europe 30 Index® dropped 7.5%, while S&P/BNY Mellon Emerging 50 ADR Index (USD) dropped 23.1%. Latin American stocks lost 5.2%, as measured by the S&P/BNY Mellon Latin America 35 ADR Index (USD).
Bond Markets Struggle as Treasury Yields Steepen
U.S. Treasury yields, which move opposite to bond prices, rose in the latter half of 2021 amid rising inflation concerns and tightening monetary policy. In 2022, the Fed's aggressive tightening led to one of the worst selloffs on record for the U.S. Treasury market. The U.S. 10-year and 2-year Treasury Yields rose from 1.5% to nearly 3%, and from 0.7% to 2.9%, respectively, in the first six months of 2022. Over the 12-month reporting period, the Ryan Labs Treasury 30-Year and 10-Year Indexes lost 24.4% and 12%, respectively. The U.S. dollar gained 11.1%, based on the Bloomberg Dollar Spot Index.
ProFunds Launches the Industry's First Short Bitcoin-Linked Mutual Fund and New Website
ProFunds investors were presented with significant opportunities for growth in the first half of the period. As interest rates rose in 2022 and the global economy reckoned with the invasion of Ukraine, investors had opportunities for gain by focusing on funds designed to outperform in environments marked by volatility and rising rates. Over the period, ProFunds also saw positive net flows into U.S. dollar, Treasury and money-market investments.
Following last year's launch of the Bitcoin Strategy ProFund (BTCFX) in July 2021, ProFunds launched the Short Bitcoin Strategy ProFund (BITIX) on June 21, 2022. As the industry's first short bitcoin-linked mutual fund, BITIX provides investors with an opportunity to potentially profit from a decline in the daily price of bitcoin or hedge their cryptocurrency exposure. In addition to launching BITIX, the company undertook a complete redesign of ProFunds.com, modernizing the website and making it more functional and inviting for investors.
Thousands of Investors Join with ProFunds to Oppose Burdensome FINRA Measures
In March 2022, the Financial Industry Regulatory Authority (FINRA) issued Notice 22-08 to solicit feedback on a number of measures that, if adopted, could restrict or impede the ability of investors to purchase a broad array of mutual funds and other popular types of investments – including leveraged, inverse, and cryptocurrency products offered by ProFunds. Nearly 20,000 investors joined with ProFunds, as well as other leading fund sponsors, advisers, brokers, and other institutions, to speak out against FINRA's ideas. Thousands of investors submitted letters that highlighted the way they use leveraged, inverse, and other funds to protect their portfolios and pursue other financial goals. In expressing their objections, many commentors warned that the measures FINRA is considering could limit investor choice and would be arbitrary, discriminatory, and harmful to investors.
ProFunds continues to actively monitor developments in this area and is committed to keeping you informed of these important issues as they arise. You can email us at finranotice@profunds.com to learn more.
We thank you for the trust and confidence that you have placed in us by choosing ProFunds. In these ever-evolving times, our wide array of funds offers an extensive lineup of strategies designed to meet your investment goals, help you manage risk, and potentially enhance returns. We appreciate the opportunity to continue serving your investing needs.
Sincerely,
Michael L. Sapir
Chairman of the Board of Trustees
2 |
Management Discussion of Fund Performance
4 :: Management Discussion of Fund Performance (unaudited)
Investment Strategies and Techniques:
Each ProFund (each, a "Fund" and, collectively, the "Funds"), except for the Classic ProFunds1, Falling U.S. Dollar ProFund, and Bitcoin Strategy ProFund seeks daily investment results, before fees and expenses, that correspond to the daily performance of a benchmark, such as the daily performance of an index or security, or a multiple, the inverse, or an inverse multiple of the daily performance of an underlying index or security (each such index or security, a "benchmark") for a single day, not for any other period.
Each of the Classic ProFunds and the Falling U.S. Dollar ProFund are designed to match, before fees and expenses, the performance of an underlying benchmark (each, a "Matching Fund" and, collectively, the "Matching Funds").
The Bitcoin Strategy ProFund seeks to provide capital appreciation by investing all or substantially all of its assets through managed exposure to bitcoin futures contracts.
All other ProFunds are "geared" funds (each, a "Geared Fund" and, collectively, the "Geared Funds"). Each Geared Fund seeks daily investment results, before fees and expenses, that correspond to a multiple (i.e., 1.25x, 1.5x or 2x), the inverse (i.e., -1x), or an inverse multiple (i.e., -1.25x or -2x) of the daily performance of an underlying benchmark. This means that Geared Funds seek daily investment results, before fees and expenses, for a single day only, not for any other period. A "single day" is measured from the time a Geared Fund calculates its net asset value ("NAV") to the time of the Geared Fund's next NAV calculation, not for longer periods. The return of a Geared Fund for periods longer than a single day will be the result of its return for each day compounded over the period. A Geared Fund's returns for periods long than a single day will very likely differ in amount, and possibly even direction, from the Geared Fund's stated leveraged (i.e. 1.25x, 1.5x, or 2x), inverse (-1x), or inverse leveraged (i.e. -1.25x or -2x) multiple times the return of the Geared Fund's benchmark for the same period. During periods of higher market volatility, the volatility of the benchmark may affect the Geared Fund's return as much as or more than the return of the benchmark.
ProFund Advisors LLC ("PFA"), the Funds' investment advisor, uses a passive approach in seeking to achieve the investment objective of each Fund. Using this approach, PFA determines the type, quantity and mix of investment positions that it believes, in combination, a Fund should hold to produce daily returns consistent with such Fund's investment objective.
In managing the assets of the Funds, PFA does not invest the assets of the Funds in securities or financial instruments based on its view of the investment merit of a particular security, instrument, or company nor does PFA conduct conventional research or analysis; forecast market movements, trends or market conditions; or take defensive positions.
The Funds (other than Europe 30 ProFund, Large-Cap Growth ProFund, Large-Cap Value ProFund, Mid-Cap Growth ProFund, Mid-Cap Value ProFund, Small-Cap Growth ProFund, and Small-Cap Value ProFund) make significant use of investment techniques that may be considered aggressive, including the use of swap agreements, futures contracts, forward contracts, and similar instruments (collectively, "derivatives"). Funds using derivatives are exposed to risks different from, or possibly greater than, the risks associated with investing directly in securities, including one or more of the following: counterparty risk (i.e., the risk that a counterparty is unable or unwilling to make timely payments) on the amount the Fund expects to receive from a derivatives counterparty, liquidity risk (i.e., the ability of a Fund to acquire or dispose of certain holdings quickly or at prices that represent true market value in the judgment of PFA) and increased correlation risk (i.e., the Fund's ability to achieve a high degree of correlation with its benchmark). If a counterparty becomes bankrupt, or fails to perform its obligations, the value of an investment in the Fund may decline. With respect to swaps and forward contracts, the Funds have sought to mitigate these risks by generally requiring derivatives counterparties to post collateral for the benefit of each Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owes the Fund, subject to certain minimum thresholds. The Funds typically enter into derivatives with counterparties that are major, global financial institutions. Any costs associated with using derivatives may also have the effect of lowering the Fund's return.
Factors that Materially Affected the Performance of Each Fund during the Fiscal Year Ended July 31, 20222:
Primary factors affecting Fund performance, before fees and expenses, include the following: the total return of the securities and derivatives (if any) held by a Fund, including the performance of the reference assets to which any derivatives are linked, financing rates paid or earned by a Fund associated with cash and, in certain cases, derivative positions; stock dividends, premiums and bond yields paid or earned by a Fund (including those included in the total return of derivatives contracts); the types of derivative contracts used by a Fund and their correlation to the relevant benchmark or asset fees, expenses, and transaction costs; other miscellaneous factors; and in the case of the Geared Funds, the volatility of the Fund's benchmark (and its impact on compounding).
· | Benchmark Performance: The performance of each Fund's benchmark and, in turn, the factors and market conditions affecting that benchmark are principal factors driving Fund performance.3 |
· | Compounding of Daily Returns and Volatility: Each Geared Fund seeks daily investment results, before fees and expenses, |
1 | ProFunds included as Classic ProFunds are listed in Note 1 of the Notes to Financial Statements. |
2 | Past performance is not a guarantee of future results. |
3 | Unlike the Funds, indexes that may serve as benchmarks for the Funds do not actually hold a portfolio of securities and/or financial instruments. Indexes do not incur fees, expenses, and transaction costs. Fees, expenses, and transaction costs incurred by the Funds negatively impact the performance of the Funds relative to their benchmark. Performance for each Fund will generally differ from the performance of the Fund's benchmark index. |
Management Discussion of Fund Performance (unaudited) :: 5
that correspond to the performance of a daily benchmark such as the multiple (i.e., 1.25x, 1.5x, or 2x), the inverse (i.e., -1x) or an inverse multiple (i.e., -1.25x or 2x) of its benchmark return for a single day only, not for any other period. Daily rebalancing and the compounding of each day's return over time means that the return of a Fund for a period longer than a single day will be the result of each day's returns compounded over the period, which will very likely differ in amount, and possibly even direction, from a Fund's one-day multiple times the return of the benchmark for the same period, before accounting for fees and expenses. Compounding affects all investments but has a more significant impact on a Geared Fund. In general, during periods of higher benchmark volatility, compounding will usually cause Fund performance for periods longer than a single day to differ in amount, and possibly even direction, from the multiple of the return of the benchmark. This effect becomes more pronounced as volatility increases. Conversely, in periods of lower benchmark volatility (particularly when combined with higher benchmark returns), Fund returns over longer periods can be higher than the multiple of the return of the benchmark. Actual results for a particular period, before fees and expenses, are also dependent on the following factors: a) period of time; b) financing rates associated with the use of derivatives; c) other Fund expenses; and d) dividends and interest paid with respect to the securities in the benchmark, e) the benchmark's volatility; and f) the benchmark's performance. Longer holding periods, higher benchmark volatility, inverse exposure and/or greater leverage each exacerbates the impact of compounding on a Fund's performance. During periods of higher benchmark volatility, the volatility of a benchmark may affect a Fund's return as much as or more than the return of its benchmark.
Daily volatility for the U.S. equity markets increased from a year ago. The volatility for the S&P 500® for the year ended July 31, 2022 was 20.4%, which was higher than the prior year’s volatility of 15.0%. The volatility of each Geared Fund benchmark is shown below:
Index | 1 yr Vol. | |||
Dow Jones U.S. Select Oil Equipment & ServicesSM Index | 44.83 | % | ||
Dow Jones Precious MetalsSM Index | 32.49 | % | ||
S&P Latin America 35 ADR Index (USD) | 26.37 | % | ||
Dow Jones U.S. Oil & GasSM Index | 32.56 | % | ||
Dow Jones U.S. BanksSM Index | 27.09 | % | ||
Dow Jones U.S. SemiconductorsSM Index | 40.56 | % | ||
S&P SmallCap 600® Value Index | 22.35 | % | ||
S&P China Select ADR Index (USD) | 56.50 | % | ||
Russell 2000® Index | 25.54 | % | ||
Dow Jones U.S. BiotechnologySM Index | 20.88 | % | ||
S&P SmallCap 600® Growth Index | 24.60 | % | ||
S&P MidCap 400® Value Index | 21.56 | % | ||
Dow Jones U.S. TechnologySM Index | 30.63 | % | ||
Dow Jones Internet CompositeSM Index | 36.95 | % | ||
Dow Jones U.S. Basic MaterialsSM Index | 22.94 | % | ||
Dow Jones U.S. FinancialsSM Index | 20.91 | % | ||
S&P Emerging 50 ADR Index (USD) | 30.18 | % | ||
Dow Jones U.S. Real EstateSM Index | 20.35 | % | ||
S&P MidCap 400® | 22.63 | % | ||
Nasdaq-100® Index | 28.15 | % | ||
Dow Jones U.S. Select PharmaceuticalsSM Index | 16.47 | % | ||
Dow Jones U.S. IndustrialsSM Index | 20.38 | % | ||
Nikkei 225 Stock Average | 20.16 | % | ||
S&P MidCap 400® Growth Index | 24.68 | % | ||
Dow Jones U.S. UtilitiesSM Index | 17.22 | % | ||
Dow Jones U.S. Select TelecommunicationsSM Index | 18.56 | % | ||
ProFunds Europe 30® Index | 20.66 | % | ||
S&P Communication Services Select Sector® Index | 25.96 | % | ||
Dow Jones Industrial Average® | 17.00 | % | ||
S&P 500® Growth Index | 26.55 | % | ||
S&P 500® Value Index | 16.47 | % | ||
S&P 500® | 20.44 | % | ||
Dow Jones U.S. Health CareSM Index | 17.35 | % | ||
Dow Jones U.S. Consumer ServicesSM Index | 25.70 | % | ||
Dow Jones U.S. Consumer GoodsSM Index | 22.10 | % | ||
Ryan Labs Returns Treasury Yield Curve 30 Year Index | 22.22 | % | ||
MSCI EAFE Index® | 17.05 | % | ||
Ryan Labs Returns Treasury Yield Curve 10 Year Index | 10.26 | % | ||
U.S. Dollar Index | 6.75 | % |
6 :: Management Discussion of Fund Performance (unaudited)
• | Financing Rates Associated with Derivatives: The performance of Funds that use derivatives was impacted by related financing costs. Financial instruments such as futures contracts carry implied financing costs. Swap financing rates are negotiated between the Funds and their counterparties, and are typically set at the Fed Funds rate ("FEDL01") plus or minus a negotiated spread. This rate was changed from the one week/one month London Interbank Offered Rate ("LIBOR') in the third and fourth quarters of 2021. The Fed Funds rate appreciated from 0.07% to 2.32% during the fiscal year. Each Fund with long exposure to its benchmark was generally negatively affected by financing rates. Conversely, each Fund with short/inverse exposure generally benefited from financing rates. In certain market environments, LIBOR adjusted by the spread may result in a Fund with short/inverse exposure also being negatively affected by financing rates. | |
• | Stock Dividends and Bond Yields: The performance of Funds that provide long or leveraged long exposure was positively impacted by capturing the dividend, premium, or income yield of the underlying assets to which they have exposure. The performance of Funds that provide an inverse or leveraged inverse exposure was negatively impacted by virtue of effectively having to pay out the dividend, premium, or income yield (or a multiple thereof, as applicable) associated with the assets to which they have short exposure. | |
• | Fees, Expenses, and Transaction Costs: Fees and expenses are listed in the financial statements of each Fund and may generally be higher and thus have a more negative impact on performance than compared to many traditional index-based funds. For Geared Funds, daily repositioning of each Fund's portfolio so that its exposure to its benchmark is consistent with the Fund's daily investment objective, high levels of shareholder purchase and redemption activity, and use of leverage may lead to commensurate increases in portfolio transactions and transaction costs which negatively impact the daily NAV of each Fund. Transaction costs are not reflected in the Funds' expense ratio. Transaction costs are generally higher for Funds whose benchmarks are more volatile, have a larger daily multiple of its benchmark's return, that seek to return an inverse or inverse multiple of its benchmark's return, that invest in foreign securities, and for Funds that hold or have exposure to assets that are comparatively less liquid than other Funds. | |
• | Miscellaneous Factors: Each Fund holds a mix of securities and/or derivatives that is designed to provide returns that correspond to the performance of its investment objective. Certain Funds may obtain exposure to only a representative sample of the securities of their benchmark and may not have investment exposure to all securities of the benchmark or may have weightings that are different from that of its benchmark. Certain Funds may also obtain exposure to securities not contained in the relevant benchmark or in financial instruments, with the intent of obtaining exposure with aggregate characteristics similar to those of a multiple of the benchmark. |
In addition, certain Funds invested in swap agreements based on exchange-traded funds ("ETFs") that are designed to track the performance of the Fund's benchmark. Because the closing price of an ETF may not perfectly track the performance of its benchmark, there are deviations between the return of a swap whose reference asset is an ETF and the return of a swap based directly on the Fund's benchmark. Thus, the performance of a Fund investing significantly in swap agreements based on an ETF correlated less with its benchmark than a Fund investing in swap agreements based directly on the Fund's benchmark.
Management Discussion of Fund Performance (unaudited) :: Access Flex Bear High Yield ProFund :: 7
The Access Flex Bear High Yield ProFund (the "Fund") seeks to provide investment results that correspond generally to the inverse (-1x) of the total return of the high yield market, consistent with maintaining reasonable liquidity. However, the Fund does not seek to match the daily returns of a specific benchmark. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of 5.95%. For the same period, the Markit iBoxx $ Liquid High Yield Index, a widely used measure of high yield market performance had a total return of -6.84%1. The total return for the 5-year U.S. Treasury Note was -8.15%2.
The Fund is designed to maintain inverse exposure to the high yield market, regardless of market conditions. This means the Fund does not adopt defensive positions in anticipation of an adverse market climate. The Fund seeks to achieve its high yield exposure primarily through credit default swaps (CDS) and 5-year treasury exposure but may also invest in high yield debt instruments (commonly referred to as junk bonds), other debt, money market instruments, total return swap agreements and futures contracts.
During the year ended July 31, 2022, the Fund invested in credit default swap agreements and futures contracts as a substitute for shorting high yield bonds. These derivatives generally tracked the performance of their underlying benchmark and benefited from financing costs associated with their use. The Fund entered into credit default swap agreements that were centrally cleared. In a centrally cleared swap agreement, the clearing organization takes on the credit risk of all parties involved in the trade, and in effect, guarantees each party's obligations under the contract. As a result, each party involved in a centrally cleared contract only faces the clearing organization. There can be no assurance that the clearing organization, or its members, will satisfy its obligations to the Fund.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Access Flex Bear High Yield ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 07/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | 5.95 | % | -4.02 | % | -7.30 | % | ||||||
Service | 4.86 | % | -4.97 | % | -8.17 | % | ||||||
Markit iBoxx $ Liquid High Yield Index | -6.84 | % | 2.75 | % | 4.21 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 9.92 | % | 1.78 | % | ||||
Service | 10.92 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. |
Allocation of Portfolio Holdings & Index Composition
Investment Type | % of Net Assets | |||
Credit Default Swap Agreements | (102 | )% | ||
Futures Contracts | (82 | )% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The Access Flex Bear High Yield ProFund primarily invests in non-equity securities, which may include: credit default swap agreements, futures contracts, repurchase agreements, U.S. Government and money market securities.
Industry Exposure
% of Market Exposure (CDS) | ||||
Consumer Cyclical | (28 | )% | ||
Consumer Non-Cyclical | (16 | )% | ||
Communications | (12 | )% | ||
Financial | (11 | )% | ||
Energy | (9 | )% | ||
Industrials | (7 | )% | ||
Basic Materials | (6 | )% | ||
Utilities | (6 | )% | ||
Technology | (5 | )% |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the Index calculations. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | The 5-year U.S. Treasury Note reflects both price return and yield components. It does not reflect the impact of transaction and financing costs, nor the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees. |
Investments in high yield bonds or in investments linked to the high yield market are subject to greater volatility and greater credit risks than investing in U.S. Treasuries. U.S. Treasury instruments are guaranteed by the U.S. government as to the timely payment of principal and interest, if held to maturity. Both the principal and yield of a mutual fund will fluctuate with changes in market conditions.
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
8 :: Access Flex High Yield ProFund :: Management Discussion of Fund Performance (unaudited)
The Access Flex High Yield ProFund (the "Fund") seeks to provide investment results that correspond generally to the total return of the high yield market, consistent with maintaining reasonable liquidity. However, the Fund does not seek to match the daily returns of a specific benchmark. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -8.85%. For the same period, the Markit iBoxx $ Liquid High Yield Index, a widely used measure of high yield market performance, had a total return of -6.84%1. The total return for the 5-year U.S. Treasury Note was -8.15%2.
The Fund is designed to maintain exposure to the high yield market, regardless of market conditions. This means the Fund does not adopt defensive positions in anticipation of an adverse market climate. The Fund seeks to achieve its high yield exposure primarily through credit default swaps (CDS) and 5-year treasury exposure but may also invest in high yield debt instruments (commonly referred to as junk bonds), other debt, money market instruments, total return swap agreements and futures contracts.
During the year ended July 31, 2022, the Fund invested in credit default swap agreements and futures contracts as a substitute for investing directly in high yield bonds. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into credit default swap agreements that were centrally cleared. In a centrally cleared swap agreement, the clearing organization takes on the credit risk of all parties involved in the trade, and in effect, guarantees each party's obligations under the contract. As a result, each party involved in a centrally cleared contract only faces the clearing organization. There can be no assurance that the clearing organization, or its members, will satisfy its obligations to the Fund.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Access Flex High Yield ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 07/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -8.85 | % | 0.71 | % | 3.32 | % | ||||||
Service | -9.77 | % | -0.29 | % | 2.30 | % | ||||||
Markit iBoxx $ Liquid High Yield Index | -6.84 | % | 2.75 | % | 4.21 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 1.97 | % | 1.78 | % | ||||
Service | 2.97 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. |
Allocation of Portfolio Holdings & Index Composition
Investment Type | % of Net Assets | |||
Credit Default Swap Agreements | 88 | % | ||
Futures Contracts | 9 | % | ||
U.S. Treasury Obligation | 58 | % |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The Access Flex High Yield ProFund primarily invests in non-equity securities, which may include: credit default swap agreements, futures contracts, repurchase agreements, U.S. Government and money market securities.
Industry Exposure
% of Market Exposure (CDS) | ||||
Consumer Cyclical | 28 | % | ||
Consumer Non-Cyclical | 16 | % | ||
Communications | 12 | % | ||
Financial | 11 | % | ||
Energy | 9 | % | ||
Industrials | 7 | % | ||
Basic Materials | 6 | % | ||
Utilities | 6 | % | ||
Technology | 5 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the Index calculations. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | The 5-year U.S. Treasury Note reflects both price return and yield components. It does not reflect the impact of transaction and financing costs, nor the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees. |
Investments in high yield bonds or in investments linked to the high yield market are subject to greater volatility and greater credit risks than investing in U.S. Treasuries. U.S. Treasury instruments are guaranteed by the U.S. government as to the timely payment of principal and interest, if held to maturity. Both the principal and yield of a mutual fund will fluctuate with changes in market conditions.
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Banks UltraSector ProFund :: 9
Banks UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the return of the Dow Jones U.S. BanksSM Index (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s returns for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (1.5x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -20.05%. For the same period, the Index had a total return of -10.79%1 and a volatility of 27.09%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-half times the daily return of the Index. The Index measures the performance of the banking sector of the U.S. equity market. Component companies include, among others, regional and major U.S. domiciled banks engaged in a wide range of financial services, including retail banking, loans, and money transmissions.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Banks UltraSector ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -20.05 | % | 0.62 | % | 12.23 | % | ||||||
Service | -20.85 | % | -0.40 | % | 11.12 | % | ||||||
Dow Jones U.S. BanksSM Index | -10.79 | % | 5.05 | % | 11.85 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.53 | % | 1.53 | % | ||||||||
Service | 2.53 | % | 2.53 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 81 | % | ||
Swap Agreements | 68 | % | ||
Total Exposure | 149 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Largest Equity Holdings
Company | % of Net Assets | |||
JPMorgan Chase & Co. | 19.6 | % | ||
Bank of America Corp. | 13.9 | % | ||
Wells Fargo & Co. | 9.6 | % | ||
Citigroup, Inc. | 5.8 | % | ||
The PNC Financial Services Group, Inc. | 4.0 | % |
Dow Jones U.S. BanksSM Index – Composition
% of Index | ||||
Diversified Banks | 65 | % | ||
Regional Banks | 35 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
10 :: Basic Materials UltraSector ProFund :: Management Discussion of Fund Performance (unaudited)
Basic Materials UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the return of the Dow Jones U.S. Basic MaterialsSM Index (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s returns for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (1.5x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -9.03%. For the same period, the Index had a total return of -3.14%1 and a volatility of 22.94%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-half times the daily return of the Index. The Index measures the performance of the basic materials sector of the U.S. equity market. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Basic Materials UltraSector ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -9.03 | % | 7.77 | % | 9.59 | % | ||||||
Service | -9.91 | % | 6.70 | % | 8.51 | % | ||||||
Dow Jones U.S. Basic MaterialsSM Index | -3.14 | % | 8.88 | % | 9.42 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.82 | % | 1.82 | % | ||||||||
Service | 2.82 | % | 2.82 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 78 | % | ||
Swap Agreements | 72 | % | ||
Total Exposure | 150 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
Linde PLC | 14.7 | % | ||
Air Products & Chemicals, Inc. | 5.3 | % | ||
Freeport-McMoRan, Inc. | 4.4 | % | ||
Corteva, Inc. | 4.0 | % | ||
Ecolab, Inc. | 4.0 | % |
Dow Jones U.S. Basic MaterialsSM Index – Composition
% of Index | ||||
Chemicals | 77 | % | ||
Metals & Mining | 23 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Bear ProFund :: 11
Bear ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the return of the S&P 500® (the “Index”) for a single day, not more than a not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s returns for periods longer than a single day will very likely differ in amount, and possibly even direction from the Fund’s stated multiple (-1x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the index falls. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of 0.00%. For the same period, the Index had a total return of -4.64%1 and a volatility of 20.44%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the inverse of the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as the inverse of the daily return of the Index. The Index is a measure of large-cap U.S. stock market performance. 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. Reconstitution occurs both on a quarterly and an ongoing basis.
During the year ended July 31, 2022, the Fund invested in swap agreements and futures contracts as a substitute for shorting stocks in order to gain inverse exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and benefitted from financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Bear ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | 0.00 | % | -14.65 | % | -14.94 | % | ||||||
Service | -0.96 | % | -15.50 | % | -15.79 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.74 | % | 1.74 | % | ||||||||
Service | 2.74 | % | 2.74 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Futures Contracts | (15 | )% | ||
Swap Agreements | (85 | )% | ||
Total Exposure | (100 | )% |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The Bear ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
S&P 500® – Composition
% of Index | ||||
Information Technology | 28 | % | ||
Health Care | 14 | % | ||
Consumer Discretionary | 11 | % | ||
Financials | 11 | % | ||
Communication Services | 8 | % | ||
Industrials | 8 | % | ||
Consumer Staples | 7 | % | ||
Energy | 4 | % | ||
Utilities | 3 | % | ||
Real Estate | 3 | % | ||
Materials | 3 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
12 :: Biotechnology UltraSector ProFund :: Management Discussion of Fund Performance (unaudited)
Biotechnology UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the return of the Dow Jones U.S. BiotechnologySM Index (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (1.5x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -20.96%. For the same period, the Index had a total return of -12.34%1 and a volatility of 20.88%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-half times the daily return of the Index. The Index measures the performance of the biotechnology sector of the U.S. equity market. Component companies engage in the research and development of biological substances for drug discovery and diagnostic development. These companies derive most of their revenue from the sale or licensing of drugs and diagnostic tools.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Biotechnology UltraSector ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -20.96 | % | 6.61 | % | 17.32 | % | ||||||
Service | -21.75 | % | 5.56 | % | 16.16 | % | ||||||
Dow Jones U.S. BiotechnologySM Index | -12.34 | % | 7.50 | % | 14.42 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.55 | % | 1.55 | % | ||||||||
Service | 2.55 | % | 2.55 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2022. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 76 | % | ||
Swap Agreements | 74 | % | ||
Total Exposure | 150 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
AbbVie, Inc. | 14.4 | % | ||
Danaher Corp. | 10.7 | % | ||
Amgen, Inc. | 7.5 | % | ||
Gilead Sciences, Inc. | 4.2 | % | ||
Vertex Pharmaceuticals, Inc. | 4.1 | % |
Dow Jones U.S. BiotechnologySM Index – Composition
% of Index | ||||
Biotechnology | 67 | % | ||
Life Sciences Tools & Services | 33 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Bitcoin Strategy ProFund :: 13
Bitcoin Strategy ProFund (the “Fund”) seeks to provide capital appreciation by investing all or substantially all of its assets through managed exposure to bitcoin futures contracts. The Fund does not invest directly in bitcoin. The Fund does not seek to match the daily returns of any specific benchmark. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -43.36%. For the same period, the Bloomberg Galaxy Bitcoin Index1,2 had a total return of -40.12%.3
The Fund will not invest directly in Bitcoin Futures Contracts. The Fund expects to gain exposure to these instruments by investing a portion of its assets in the ProFunds Bitcoin Strategy Portfolio, a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). The Subsidiary is advised by the Fund’s Advisor. Unlike the Fund, the Subsidiary is not an investment company registered under the Investment Company Act of 1940. The Fund’s investment in the Subsidiary is intended to provide the Fund with exposure to commodity markets in accordance with applicable rules and regulations. The Subsidiary has the same investment objective as the Fund.
During the year ended July 31, 2022, the Fund, through its investment in Subsidiary, invested in CME Bitcoin futures and CME Micro Bitcoin futures contracts.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Bitcoin Strategy ProFund from July 28, 2021 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Since Inception | ||||||
Investor | -43.36 | % | -43.77 | % | ||||
Bloomberg Galaxy Bitcoin Index | -40.12 | % | -40.33 | % | ||||
CF Bitcoin-Dollar US Settlement Price Index | -39.65 | % | -41.01 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.46 | % | 1.15 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings
Market Exposure
Investment Type | % of Net Assets | |||
Futures Contracts | 100 | % | ||
Total Exposure | 100 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The Bitcoin Strategy ProFund primarily invests in non-equity securities, which may include: futures contracts, Canadian Exchange Traded Funds, repurchase agreements and reverse repurchase agreements, and U.S. Government securities
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value (“NAV”) will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | In April 2022, the Advisor changed the primary benchmark for the Bitcoin Strategy ProFund from the CF Bitcoin-Dollar US Settlement Price Index to the Bloomberg Galaxy Bitcoin Index. The Advisor determined that, by changing primary benchmarks, comparable index performance could be obtained while also providing cost-savings to the shareholders of the Fund. |
2 | The Bloomberg Galaxy Bitcoin Index (the “Index”) is designed to measure the performance of a single Bitcoin traded in US Dollar (USD) terms. The Index seeks to provide a proxy for the bitcoin market. Pricing sources are selected for liquidity and reliability, and approved for use following risk and suitability assessments. Crytpocurrencies must meet minimum thresholds for daily traded USD-value. The Index is intended to be responsive to the changing nature of the market in a manner that does not completely reshape the character of the Index from year to year. |
3 | The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculation of the index. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
4 | The CF Bitcoin-Dollar US Settlement Price Index is a once a day benchmark index price for Bitcoin that aggregates trade data from multiple Bitcoin-USD markets operated by major cryptocurrency exchanges that conform to the CD Constituent Exchange Criteria. It is a pre-eminent index price for Bitcoin risk settlement that is synchronized to the traditional US financial market close of 4pm EST. The Index is a Registered Benchmark under UK Benchmarks Regulation “BMR” and as such enjoys equivalence with the EU BMR Regime. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
14 :: Bull ProFund :: Management Discussion of Fund Performance (unaudited)
Bull ProFund (the “Fund”) seeks investment results, before fees and expenses, that correspond to the return of the S&P 500® (the “Index”). For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -6.39%. For the same period, the Index had a total return of -4.64%1 and a volatility of 20.44%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar return characteristics as the return of the Index. The Index is a measure of large-cap U.S. stock market performance. 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. Reconstitution occurs both on a quarterly and an ongoing basis.
During the year ended July 31, 2022, the Fund invested in swap agreements and futures contracts as a substitute for investing directly in stocks in order to gain exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Bull ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -6.39 | % | 10.74 | % | 11.66 | % | ||||||
Service | -7.32 | % | 9.64 | % | 10.55 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.55 | % | 1.55 | % | ||||||||
Service | 2.55 | % | 2.55 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 73 | % | ||
Futures Contracts | 4 | % | ||
Swap Agreements | 23 | % | ||
Total Exposure | 100 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Largest Equity Holdings
Company | % of Net Assets | |||
Apple, Inc. | 5.2 | % | ||
Microsoft Corp. | 4.4 | % | ||
Alphabet, Inc. | 2.8 | % | ||
Amazon.com, Inc. | 2.5 | % | ||
Tesla, Inc. | 1.6 | % |
S&P 500® – Composition
% of Index | ||||
Information Technology | 28 | % | ||
Health Care | 14 | % | ||
Consumer Discretionary | 11 | % | ||
Financials | 11 | % | ||
Communication Services | 8 | % | ||
Industrials | 8 | % | ||
Consumer Staples | 7 | % | ||
Energy | 4 | % | ||
Utilities | 3 | % | ||
Real Estate | 3 | % | ||
Materials | 3 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value (“NAV”) will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Communication Services UltraSector ProFund :: 15
Communication Services UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the return of the S&P Communication Services Select Sector® Index (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (1.5x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -45.54%. For the same period, the Index had a total return of -30.96%1 and a volatility of 25.96%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-half times the daily return of the Index. The Index measures the performance of the communication services industry group of the S&P 500®. The Index includes equity securities of companies from the following industries: diversified telecommunications services; wireless telecommunications services; media; entertainment; and interactive media & services.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Communication Services UltraSector ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -45.54 | % | 6.02 | % | 12.72 | % | ||||||
Service | -46.09 | % | 4.97 | % | 11.59 | % | ||||||
S&P Communication Services Select Sector® Index | -30.96 | % | 6.17 | % | 12.45 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.91 | % | 1.78 | % | ||||||||
Service | 2.91 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 77 | % | ||
Swap Agreements | 73 | % | ||
Total Exposure | 150 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Largest Equity Holdings
Company | % of Net Assets | |||
Alphabet, Inc. | 18.6 | % | ||
Meta Platforms, Inc. | 13.2 | % | ||
Netflix, Inc. | 4.2 | % | ||
T-Mobile U.S., Inc. | 3.8 | % | ||
The Walt Disney Co. | 3.7 | % |
S&P Communication Services Select Sector® Index – Composition
% of Index | ||||
Media & Entertainment | 86 | % | ||
Telecommunication Services | 14 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
16 :: Consumer Goods UltraSector ProFund :: Management Discussion of Fund Performance (unaudited)
Consumer Goods UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the return of the Dow Jones U.S. Consumer GoodsSM Index (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (1.5x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -5.34%. For the same period, the Index had a total return of -0.84%1 and a volatility of 22.10%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index.3
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-half times the daily return of the Index. The Index measures the performance of consumer goods sector of the U.S. equity market. Component companies include, among others, automobiles and auto parts and tires, brewers and distillers, farming and fishing, durable and non-durable household product manufacturers, cosmetic companies, food and tobacco products, clothing accessories, and footwear.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Consumer Goods UltraSector ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -5.34 | % | 11.73 | % | 14.64 | % | ||||||
Service | -6.25 | % | 10.63 | % | 13.51 | % | ||||||
Dow Jones U.S. Consumer GoodsSM Index | -0.84 | % | 10.86 | % | 12.23 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.88 | % | 1.78 | % | ||||||||
Service | 2.88 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 75 | % | ||
Swap Agreements | 75 | % | ||
Total Exposure | 150 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
Tesla, Inc. | 16.5 | % | ||
The Procter & Gamble Co. | 7.3 | % | ||
The Coca-Cola Co. | 5.5 | % | ||
PepsiCo, Inc. | 5.3 | % | ||
Philip Morris International, Inc. | 3.3 | % |
Dow Jones U.S. Consumer GoodsSM Index – Composition
% of Index | ||||
Food, Beverage & Tobacco | 39 | % | ||
Automobiles & Components | 28 | % | ||
Household & Personal Products | 16 | % | ||
Consumer Durables & Apparel | 12 | % | ||
Media & Entertainment | 4 | % | ||
Retailing | 1 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Consumer Services UltraSector ProFund :: 17
Consumer Services UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the return of the Dow Jones U.S. Consumer ServicesSM Index (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (1.5x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -31.68%. For the same period, the Index had a total return of -20.04%1 and a volatility of 25.70%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index.3
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-half times the daily return of the Index. The Index measures the performance of consumer services sector of the U.S. equity market. Component companies include, among others, airlines, broadcasting and entertainment, apparel and broadline retailers, food and drug retailers, media agencies, publishing, gambling, hotels, restaurants and bars, and travel and tourism.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Consumer Services UltraSector ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -31.68 | % | 10.02 | % | 16.48 | % | ||||||
Service | -32.37 | % | 8.92 | % | 15.32 | % | ||||||
Dow Jones U.S. Consumer ServicesSM Index | -20.04 | % | 9.63 | % | 13.34 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.56 | % | 1.56 | % | ||||||||
Service | 2.56 | % | 2.56 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 78 | % | ||
Swap Agreements | 73 | % | ||
Total Exposure | 151 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
Amazon.com, Inc. | 20.4 | % | ||
The Home Depot, Inc. | 5.4 | % | ||
Costco Wholesale Corp. | 4.1 | % | ||
McDonald’s Corp. | 3.4 | % | ||
The Walt Disney Co. | 3.3 | % |
Dow Jones U.S. Consumer ServicesSM Index – Composition
% of Index | ||||
Retailing | 48 | % | ||
Consumer Services | 18 | % | ||
Media & Entertainment | 17 | % | ||
Food & Staples Retailing | 12 | % | ||
Transportation | 3 | % | ||
Commercial & Professional Services | 1 | % | ||
Health Care Equipment & Services | 1 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the calculations of the indexes. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
18 :: Europe 30 ProFund :: Management Discussion of Fund Performance (unaudited)
Europe 30 ProFund (the “Fund”) seeks investment results, before fees and expenses, that correspond to the return of the ProFunds Europe 30® Index (the “Index”). For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -6.25%. For the same period, the Index had a price return of -7.19%1 and a volatility of 20.66%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar return characteristics as the return of the Index. The Index, created by ProFund Advisors, is composed of companies whose principal offices are located in Europe and whose securities are traded on U.S. exchanges or on Nasdaq as depositary receipts or ordinary shares and meet certain liquidity requirements. The component companies included in the Index are the 30 most liquid companies based upon their U.S. dollar-traded volume. Their relative weights are determined using a modified market capitalization method. The Index is reconstituted annually. The Index is expressed in U.S. dollar terms and as such should generally reflect the relative movement of the U.S. dollar against the basket of foreign currencies represented by the constituent companies in the Index.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Europe 30 ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -6.25 | % | 1.76 | % | 4.46 | % | ||||||
Service | -7.11 | % | 0.72 | % | 3.41 | % | ||||||
ProFunds Europe 30® Index | -7.19 | % | 0.26 | % | 2.85 | % | ||||||
STOXX Europe 50® Index | -9.01 | % | 3.53 | % | 5.26 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 2.15 | % | 1.78 | % | ||||||||
Service | 3.15 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 100 | % | ||
Total Exposure | 100 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
NOVO Nordisk A/S | 5.0 | % | ||
Argenx SE | 4.9 | % | ||
TotalEnergies SE | 4.9 | % | ||
Equinor ASA | 4.7 | % | ||
BP PLC | 4.7 | % |
ProFunds Europe 30® Index – Composition
Industry Breakdown | % of Index | |||
Energy | 21 | % | ||
Health Care | 21 | % | ||
Consumer Staples | 14 | % | ||
Information Technology | 12 | % | ||
Financials | 10 | % | ||
Materials | 8 | % | ||
Industrials | 5 | % | ||
Utilities | 3 | % | ||
Consumer Discretionary | 3 | % | ||
Communication Services | 3 | % |
Country Composition | ||||
United Kingdom | 47 | % | ||
Netherlands | 9 | % | ||
France | 8 | % | ||
Germany | 7 | % | ||
Other | 29 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value (“NAV”) will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table DO NOT reflect the theoretical reinvestment of dividends on securities in the Index nor the impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
3 | The STOXX Europe 50® Index is a capitalization-weighted index of 50 European blue-chip stocks. The graph and table reflect the theoretical reinvestment of dividends in the Index. The impact of the transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the Index calculations. It is not possible to invest directly in an index. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Falling U.S. Dollar ProFund :: 19
Falling U.S. Dollar ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to the return of the basket of non-U.S. currencies included in the U.S. Dollar Index (the “Index”). The Index measures the performance of the U.S. dollar against a basket of six major world currencies (the “Benchmark”). For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -14.85%. For the same period, the Index had a price return of 14.89%1 and a volatility of 6.75%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the inverse of the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as the daily return of the Benchmark. The currencies and their weightings as of July 31, 2022 are: Euro 57%; Japanese yen 14%; British pound 12%; Canadian dollar 9%; Swedish krona 4% and Swiss franc 4%. The Fund is designed to benefit from a decline in the value of the U.S. Dollar against the value of the currencies included in the Benchmark. Accordingly, as the value of the U.S. Dollar depreciates (i.e., “falls”) versus the Benchmark, the performance of the Fund generally should be expected to increase. As the value of the U.S. Dollar appreciates versus the Benchmark, the performance of the Fund generally should be expected to decline. The Fund does not normally provide investment returns that match the inverse of the Index.
During the year ended July 31, 2022, the Fund invested in forward currency contracts to gain exposure to the Benchmark. These derivatives generally tracked the performance of their underlying benchmark. The Fund entered into forward currency contracts with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Falling U.S. Dollar ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -14.85 | % | -4.90 | % | -4.60 | % | ||||||
Service | -15.80 | % | -5.84 | % | -5.54 | % | ||||||
U.S. Dollar Index | 14.89 | % | 2.66 | % | 2.51 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 3.20 | % | 1.78 | % | ||||
Service | 4.20 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Forward Currency Contracts | (100 | )% | ||
Total Exposure | (100 | )% |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The Falling U.S. Dollar ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
U.S. Dollar Index – Composition
% of Index | ||||
Euro | 57 | % | ||
Japanese yen | 14 | % | ||
British pound | 12 | % | ||
Canadian dollar | 9 | % | ||
Swedish krona | 4 | % | ||
Swiss franc | 4 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value (“NAV”) will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table DO NOT reflect the theoretical reinvestment of dividends nor the impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. | |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of the transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the Index calculations. It is not possible to invest directly in an index. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
20 :: Financials UltraSector ProFund :: Management Discussion of Fund Performance (unaudited)
Financials UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the return of the Dow Jones U.S. FinancialsSM Index (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (1.5x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -12.30%. For the same period, the Index had a total return of -5.91%1 and a volatility of 20.91%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-half times the daily return of the Index. The Index measures the performance of the financial services sector of the U.S. equity market. Component companies include, among others, regional banks; major U.S. domiciled international banks; full line, life, and property and casualty insurance companies; companies that invest, directly or indirectly in real estate; diversified financial companies such as Fannie Mae, credit card issuers, check cashing companies, mortgage lenders and investment advisers; securities brokers and dealers including investment banks, merchant banks and online brokers; and publicly traded stock exchanges.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Financials UltraSector ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -12.30 | % | 8.13 | % | 15.18 | % | ||||||
Service | -13.15 | % | 7.04 | % | 14.03 | % | ||||||
Dow Jones U.S. FinancialsSM Index | -5.91 | % | 9.01 | % | 12.93 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 1.72 | % | 1.72 | % | ||||
Service | 2.72 | % | 2.72 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 72 | % | ||
Swap Agreements | 77 | % | ||
Total Exposure | 149 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
Berkshire Hathaway, Inc. | 6.2 | % | ||
Visa, Inc. | 4.0 | % | ||
JPMorgan Chase & Co. | 3.9 | % | ||
Mastercard, Inc. | 3.5 | % | ||
Bank of America Corp. | 2.7 | % |
Dow Jones U.S. FinancialsSM Index – Composition
% of Index | ||||
Diversified Financials | 34 | % | ||
Banks | 22 | % | ||
Real Estate | 21 | % | ||
Insurance | 13 | % | ||
Software & Services | 10 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. | |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Health Care UltraSector ProFund :: 21
Health Care UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the return of the Dow Jones U.S. Health CareSM Index (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (1.5x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -5.85%. For the same period, the Index had a total return of -1.75%1 and a volatility of 17.35%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-half times the daily return of the Index. The Index measures the performance of the healthcare sector of the U.S. equity market. Component companies include, among others, health care providers, biotechnology companies, medical supplies, advanced medical devices, and pharmaceuticals.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Health Care UltraSector ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -5.85 | % | 14.45 | % | 19.32 | % | ||||||
Service | -6.79 | % | 13.34 | % | 18.15 | % | ||||||
Dow Jones U.S. Health CareSM Index | -1.75 | % | 12.50 | % | 15.22 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 1.73 | % | 1.73 | % | ||||
Service | 2.73 | % | 2.73 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 77 | % | ||
Swap Agreements | 74 | % | ||
Total Exposure | 151 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
UnitedHealth Group, Inc. | 7.3 | % | ||
Johnson & Johnson | 6.6 | % | ||
Pfizer, Inc. | 4.0 | % | ||
Eli Lilly & Co. | 3.7 | % | ||
AbbVie, Inc. | 3.6 | % |
Dow Jones U.S. Health CareSM Index – Composition
% of Index | ||||
Pharmaceuticals | 29 | % | ||
Health Care Providers & Services | 22 | % | ||
Health Care Equipment & Supplies | 19 | % | ||
Biotechnology | 17 | % | ||
Life Sciences Tools & Services | 13 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. | |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
22 :: Industrials UltraSector ProFund :: Management Discussion of Fund Performance (unaudited)
Industrials UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the return of the Dow Jones U.S. IndustrialsSM Index (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (1.5x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -20.49%. For the same period, the Index had a total return of -11.87%1 and a volatility of 20.38%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-half times the daily return of the Index. The Index measures the performance of the industrial sector of the U.S. equity market. Component companies include, among others, building materials, heavy construction, factory equipment, heavy machinery, industrial services, pollution control, containers and packaging, industrial diversified, air freight, marine transportation, railroads, trucking, land-transportation equipment, shipbuilding, transportation services, advanced industrial equipment, electric components and equipment, and aerospace.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Industrials UltraSector ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -20.49 | % | 9.58 | % | 15.65 | % | ||||||
Service | -21.29 | % | 8.49 | % | 14.51 | % | ||||||
Dow Jones U.S. IndustrialsSM Index | -11.87 | % | 9.79 | % | 13.13 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 1.81 | % | 1.78 | % | ||||
Service | 2.81 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 68 | % | ||
Swap Agreements | 81 | % | ||
Total Exposure | 149 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
Accenture PLC | 3.0 | % | ||
Union Pacific Corp. | 2.2 | % | ||
United Parcel Service, Inc. | 2.2 | % | ||
Raytheon Technologies Corp. | 2.2 | % | ||
Honeywell International, Inc. | 2.0 | % |
Dow Jones U.S. IndustrialsSM Index – Composition
% of Index | ||||
Capital Goods | 50 | % | ||
Software & Services | 17 | % | ||
Transportation | 13 | % | ||
Commercial & Professional Services | 8 | % | ||
Materials | 6 | % | ||
Technology Hardware & Equipment | 6 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. | |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Internet UltraSector ProFund :: 23
Internet UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the return of the Dow Jones Internet CompositeSM Index (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation, not for longer periods. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (1.5x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -57.90%. For the same period, the Index had a total return of -41.02%1 and a volatility of 36.95%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-half times the daily return of the Index. The Index measures the performance of stocks in the U.S. equity markets that generate the majority of their revenues from the Internet. The Index is composed of two sub-groups: Internet Commerce, which includes companies that derive the majority of their revenues from providing goods and/or services through an open network, such as a web site, and Internet Services, which includes companies that derive the majority of their revenues from providing access to the Internet or providing services to people using the Internet.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Internet UltraSector ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -57.90 | % | 6.41 | % | 18.95 | % | ||||||
Service | -58.32 | % | 5.35 | % | 17.76 | % | ||||||
Dow Jones Internet CompositeSM Index | -41.02 | % | 8.09 | % | 15.61 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 1.52 | % | 1.52 | % | ||||
Service | 2.52 | % | 2.52 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 73 | % | ||
Swap Agreements | 77 | % | ||
Total Exposure | 150 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Largest Equity Holdings
Company | % of Net Assets | |||
Amazon.com, Inc. | 7.6 | % | ||
Alphabet, Inc. | 7.5 | % | ||
Meta Platforms, Inc. | 4.1 | % | ||
Cisco Systems, Inc. | 3.8 | % | ||
Salesforce, Inc. | 3.7 | % |
Dow Jones Internet CompositeSM Index – Composition
% of Index | ||||
Interactive Media & Services | 25 | % | ||
Software | 20 | % | ||
Internet & Direct Marketing Retail | 15 | % | ||
IT Services | 15 | % | ||
Communications Equipment | 11 | % | ||
Hotels, Restaurants & Leisure | 4 | % | ||
Entertainment | 4 | % | ||
Health Care Technology | 4 | % | ||
Real Estate Management & Development | 2 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. | |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
24 :: Large-Cap Growth ProFund :: Management Discussion of Fund Performance (unaudited)
Large-Cap Growth ProFund (the “Fund”) seeks investment results, before fees and expenses, that correspond to the performance of the S&P 500® Growth Index (the “Index”). For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -10.69%. For the same period, the Index had a total return of -9.13%1 and a volatility of 26.55%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar return characteristics as the return of the Index. The Index is designed to provide a comprehensive measure of large-cap U.S. equity “growth” performance. It is an unmanaged, float-adjusted, market capitalization-weighted index comprising stocks representing approximately half the market capitalization of the S&P 500® that have been identified as being on the growth end of the growth-value spectrum.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Large-Cap Growth ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -10.69 | % | 13.52 | % | 13.35 | % | ||||||
Service | -11.56 | % | 12.39 | % | 12.23 | % | ||||||
S&P 500® Growth Index | -9.13 | % | 15.64 | % | 15.52 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 1.59 | % | 1.59 | % | ||||
Service | 2.59 | % | 2.59 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 100 | % | ||
Total Exposure | 100 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Largest Equity Holdings
Company | % of Net Assets | |||
Apple, Inc. | 14.5 | % | ||
Microsoft Corp. | 12.2 | % | ||
Alphabet, Inc. | 7.8 | % | ||
Amazon.com, Inc. | 6.8 | % | ||
Tesla, Inc. | 4.3 | % |
S&P 500® Growth Index – Composition
% of Index | ||||
Information Technology | 44 | % | ||
Consumer Discretionary | 17 | % | ||
Health Care | 12 | % | ||
Communication Services | 11 | % | ||
Financials | 7 | % | ||
Industrials | 3 | % | ||
Real Estate | 2 | % | ||
Consumer Staples | 2 | % | ||
Materials | 1 | % | ||
Energy | 1 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value (“NAV”) will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Large-Cap Value ProFund :: 25
Large-Cap Value ProFund (the“Fund”) seeks investment results, before fees and expenses, that correspond to the performance of the S&P 500® Value Index (the “Index”). For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -1.72%. For the same period, the Index had a total return of -0.03%1 and a volatility of 16.47%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar return characteristics as the return of the Index. The Index is designed to provide a comprehensive measure of large-cap U.S. equity “value” performance. It is an unmanaged, float-adjusted, market capitalization-weighted index comprising stocks representing approximately half the market capitalization of the S&P 500® that have been identified as being on the value end of the growth-value spectrum.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Large-Cap Value ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -1.72 | % | 7.21 | % | 9.52 | % | ||||||
Service | -2.69 | % | 6.14 | % | 8.43 | % | ||||||
S&P 500® Value Index | -0.03 | % | 9.14 | % | 11.51 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 1.71 | % | 1.71 | % | ||||
Service | 2.71 | % | 2.71 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 100 | % | ||
Total Exposure | 100 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Largest Equity Holdings
Company | % of Net Assets | |||
Berkshire Hathaway, Inc. | 3.1 | % | ||
Johnson & Johnson | 2.6 | % | ||
Exxon Mobil Corp. | 2.3 | % | ||
The Procter & Gamble Co. | 1.9 | % | ||
Chevron Corp. | 1.8 | % |
S&P 500® Value Index – Composition
% of Index | ||||
Health Care | 17 | % | ||
Financials | 15 | % | ||
Industrials | 12 | % | ||
Information Technology | 12 | % | ||
Consumer Staples | 11 | % | ||
Energy | 8 | % | ||
Consumer Discretionary | 6 | % | ||
Communication Services | 6 | % | ||
Utilities | 6 | % | ||
Materials | 4 | % | ||
Real Estate | 3 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value (“NAV”) will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
26 :: Mid-Cap Growth ProFund :: Management Discussion of Fund Performance (unaudited)
Mid-Cap Growth ProFund (the “Fund”) seeks investment results, before fees and expenses, that correspond to the performance of the S&P MidCap 400® Growth Index (the “Index”). For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -13.02%. For the same period, the Index had a total return of -11.26%1 and a volatility of 24.68%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar return characteristics as the return of the Index. The Index is designed to provide a comprehensive measure of mid-cap U.S. equity “growth” performance. It is an unmanaged, float-adjusted, market capitalization-weighted index comprising stocks representing approximately half the market capitalization of the S&P MidCap 400® that have been identified as being on the growth end of the growth-value spectrum.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Mid-Cap Growth ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -13.02 | % | 6.87 | % | 9.73 | % | ||||||
Service | -13.90 | % | 5.81 | % | 8.64 | % | ||||||
S&P MidCap 400® Growth Index | -11.26 | % | 8.92 | % | 11.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 1.69 | % | 1.69 | % | ||||
Service | 2.69 | % | 2.69 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 101 | % | ||
Total Exposure | 101 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Company | % of Net Assets | |||
Targa Resources Corp. | 1.5 | % | ||
Carlisle Cos., Inc. | 1.5 | % | ||
Steel Dynamics, Inc. | 1.4 | % | ||
Service Corp. International | 1.2 | % | ||
Builders FirstSource, Inc. | 1.2 | % |
S&P MidCap 400® Growth Index – Composition
% of Index | ||||
Industrials | 19 | % | ||
Consumer Discretionary | 15 | % | ||
Information Technology | 15 | % | ||
Health Care | 14 | % | ||
Financials | 11 | % | ||
Real Estate | 8 | % | ||
Materials | 8 | % | ||
Energy | 5 | % | ||
Communication Services | 2 | % | ||
Consumer Staples | 2 | % | ||
Utilities | 1 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value (“NAV”) will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Mid-Cap ProFund :: 27
Mid-Cap ProFund (the “Fund”) seeks investment results, before fees and expenses, that correspond to the performance of the S&P MidCap 400® (the “Index”). For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -7.57%. For the same period, the Index had a total return of -5.70%1 and a volatility of 22.63%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar return characteristics as the return of the Index. The Index is a measure of mid-size company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 400 U.S. operating companies and real estate investment trusts through a process that factors criteria such as liquidity, price, market capitalization, and financial viability. Reconstitution occurs both on a quarterly and ongoing basis.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Mid-Cap ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -7.57 | % | 6.88 | % | 9.94 | % | ||||||
Service | -8.47 | % | 5.81 | % | 8.85 | % | ||||||
S&P MidCap 400® | -5.70 | % | 9.06 | % | 12.05 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 1.83 | % | 1.78 | % | ||||
Service | 2.83 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2022. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 65 | % | ||
Swap Agreements | 35 | % | ||
Total Exposure | 100 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
Targa Resources Corp. | 0.5 | % | ||
Carlisle Cos., Inc. | 0.5 | % | ||
Steel Dynamics, Inc. | 0.4 | % | ||
EQT Corp. | 0.4 | % | ||
Fair Isaac Corp. | 0.4 | % |
S&P MidCap 400® – Composition
% of Index | ||||
Industrials | 18 | % | ||
Financials | 14 | % | ||
Consumer Discretionary | 14 | % | ||
Information Technology | 13 | % | ||
Health Care | 10 | % | ||
Real Estate | 9 | % | ||
Materials | 7 | % | ||
Energy | 5 | % | ||
Utilities | 4 | % | ||
Consumer Staples | 4 | % | ||
Communication Services | 2 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value (“NAV”) will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
28 :: Mid-Cap Value ProFund :: Management Discussion of Fund Performance (unaudited)
Mid-Cap Value ProFund (the “Fund”) seeks investment results, before fees and expenses, that correspond to the performance of the S&P MidCap 400® Value Index (the “Index”). For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -1.86%. For the same period, the Index had a total return of -0.05%1 and a volatility of 21.56%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar return characteristics as the return 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 stocks representing approximately half the market capitalization of the S&P MidCap 400® that have been identified as being on the value end of the growth-value spectrum.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Mid-Cap Value ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -1.86 | % | 6.93 | % | 9.99 | % | ||||||
Service | -2.84 | % | 5.87 | % | 8.89 | % | ||||||
S&P MidCap 400® Value Index | -0.05 | % | 8.79 | % | 11.98 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 1.86 | % | 1.78 | % | ||||
Service | 2.86 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 100 | % | ||
Total Exposure | 100 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
EQT Corp. | 1.2 | % | ||
First Horizon Corp. | 1.1 | % | ||
Reliance Steel & Aluminum Co. | 1.1 | % | ||
Alleghany Corp. | 1.0 | % | ||
Medical Properties Trust, Inc. | 0.9 | % |
S&P MidCap 400® Value Index – Composition
% of Index | ||||
Industrials | 18 | % | ||
Financials | 17 | % | ||
Consumer Discretionary | 12 | % | ||
Real Estate | 11 | % | ||
Information Technology | 10 | % | ||
Health Care | 7 | % | ||
Materials | 7 | % | ||
Utilities | 7 | % | ||
Consumer Staples | 6 | % | ||
Energy | 4 | % | ||
Communication Services | 1 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value (“NAV”) will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Nasdaq-100 ProFund :: 29
Nasdaq-100 ProFund seeks investment results, before fees and expenses, that correspond to the performance of the Nasdaq-100® Index (the "Index"). For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -15.20%. For the same period, the Index had a total return of -12.80%1 and a volatility of 28.15%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar return characteristics as the return of the Index. The Index, a modified market capitalization-weighted index, includes 100 of the largest non-financial domestic and international issues listed on Nasdaq.
During the year ended July 31, 2022, the Fund invested in swap agreements and futures contracts as a substitute for investing directly in stocks in order to gain exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund's advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Nasdaq-100 ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -15.20 | % | 15.51 | % | 15.97 | % | ||||||
Service | -16.03 | % | 14.37 | % | 14.81 | % | ||||||
Nasdaq-100® Index | -12.80 | % | 18.20 | % | 18.54 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.48 | % | 1.48 | % | ||||||||
Service | 2.48 | % | 2.48 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 60 | % | ||
Futures Contracts | 7 | % | ||
Swap Agreements | 33 | % | ||
Total Exposure | 100 | % |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
Apple, Inc. | 8.0 | % | ||
Microsoft Corp. | 6.3 | % | ||
Alphabet, Inc. | 4.3 | % | ||
Amazon.com, Inc. | 4.2 | % | ||
Tesla, Inc. | 2.8 | % |
Nasdaq-100® Index – Composition
% of Index | ||||
Information Technology | 52 | % | ||
Consumer Discretionary | 16 | % | ||
Communication Services | 16 | % | ||
Consumer Staples | 6 | % | ||
Health Care | 6 | % | ||
Industrials | 3 | % | ||
Utilities | 1 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value ("NAV") will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
30 :: Oil & Gas UltraSector ProFund :: Management Discussion of Fund Performance (unaudited)
Oil & Gas UltraSector ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the return of the Dow Jones U.S. Oil & GasSM Index (the "Index") for a single day, not for any other period. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund's return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund's stated multiple (1.5x) times the return of the Fund's Index for the same period. For periods longer than a single day, the Fund will lose money if the Index's performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of 100.88%. For the same period, the Index had a total return of 65.69%1 and a volatility of 32.56%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-half times the daily return of the Index. The Index measures the performance of the oil and gas sector of the U.S. equity market. Component companies include, among others, exploration and production, integrated oil and gas, oil equipment and services, pipelines, renewable energy equipment companies and alternative fuel producers.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund's advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Oil & Gas UltraSector ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | 100.88 | % | 4.25 | % | 0.69 | % | ||||||
Service | 98.87 | % | 3.22 | % | -0.31 | % | ||||||
Dow Jones U.S. Oil & GasSM Index | 65.69 | % | 8.02 | % | 4.24 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.64 | % | 1.64 | % | ||||||||
Service | 2.64 | % | 2.64 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 76 | % | ||
Swap Agreements | 74 | % | ||
Total Exposure | 150 | % |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Largest Equity Holdings
Company | % of Net Assets | |||
Exxon Mobil Corp. | 18.6 | % | ||
Chevron Corp. | 14.6 | % | ||
ConocoPhillips | 5.7 | % | ||
EOG Resources, Inc. | 3.0 | % | ||
Occidental Petroleum Corp. | 2.7 | % |
Dow Jones U.S. Oil & GasSM Index – Composition
% of Index | ||||
Oil, Gas & Consumable Fuels | 91 | % | ||
Energy Equipment & Services | 7 | % | ||
Electrical Equipment | 1 | % | ||
Semiconductors & Semiconductor Equipment | 1 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. | |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Oil Equipment & Services UltraSector ProFund :: 31
Oil Equipment & Services UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the return of the Dow Jones U.S. Select Oil Equipment & ServicesSM Index (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (1.5x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of 25.74%. For the same period, the Index had a total return of 24.22%1 and a volatility of 44.83%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-half times the daily return of the Index. The Index measures the performance of the oil and equipment services sector of the U.S. equity market. Component companies include, among others, suppliers of equipment and services to oil fields and offshore platforms, such as drilling, exploration, seismic-information services and platform construction.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Oil Equipment & Services UltraSector ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | 25.74 | % | -27.34 | % | -18.04 | % | ||||||
Service | 24.49 | % | -28.08 | % | -18.86 | % | ||||||
Dow Jones U.S. Select Oil Equipment & ServicesSM Index | 24.22 | % | -11.14 | % | -8.76 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.63 | % | 1.63 | % | ||||||||
Service | 2.63 | % | 2.63 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 84 | % | ||
Swap Agreements | 79 | % | ||
Total Exposure | 163 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. The “Market Exposure” for this fund as of July 31, 2022, was different from the stated investment objective due to timing of receipt of capital share activity.
Largest Equity Holdings
Company | % of Net Assets | |||
Schlumberger, Ltd. | 18.3 | % | ||
Halliburton Co. | 16.7 | % | ||
NOV, Inc. | 4.3 | % | ||
Helmerich & Payne, Inc. | 4.2 | % | ||
Patterson-UTI Energy, Inc. | 4.1 | % |
Dow Jones U.S. Select Oil Equipment & ServicesSM Index – Composition
% of Index | ||||
Oil & Gas Equipment & Services | 81 | % | ||
Oil & Gas Drilling | 19 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. | |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
32 :: Pharmaceuticals UltraSector ProFund :: Management Discussion of Fund Performance (unaudited)
Pharmaceuticals UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the return of the Dow Jones U.S. Select PharmaceuticalsSM Index (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (1.5x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -1.71%. For the same period, the Index had a total return of 1.22%1 and a volatility of 16.47%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-half times the daily return of the Index. The Index measures the performance of the pharmaceuticals sector of the U.S. equity market. Component companies include, among others, the makers of prescription or over-the-counter drugs. The Index includes vaccine producers, but excludes vitamin producers.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Pharmaceuticals UltraSector ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -1.71 | % | 5.03 | % | 11.16 | % | ||||||
Service | -2.69 | % | 3.99 | % | 10.05 | % | ||||||
Dow Jones U.S. Select PharmaceuticalsSM Index | 1.22 | % | 5.94 | % | 10.00 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 2.27 | % | 1.78 | % | ||||||||
Service | 3.27 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 85 | % | ||
Swap Agreements | 65 | % | ||
Total Exposure | 150 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
Johnson & Johnson | 19.3 | % | ||
Pfizer, Inc. | 16.9 | % | ||
Zoetis, Inc. | 4.2 | % | ||
Eli Lilly & Co. | 4.1 | % | ||
Royalty Pharma PLC | 4.1 | % |
Dow Jones U.S. Select PharmaceuticalsSM Index – Composition
% of Index | ||||
Pharmaceuticals | 97 | % | ||
Biotechnology | 3 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. | |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Precious Metals UltraSector ProFund :: 33
Precious Metals UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the return of the Dow Jones Precious MetalsSM Index (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (1.5x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -38.48%. For the same period, the Index had a total return of -24.20%1 and a volatility of 32.49%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-half times the daily return of the Index. The Index measures the performance of the precious metals mining sector. Component companies include, among others, leading miners and producers of gold, silver and platinum-group metals whose securities are available to U.S. investors during U.S. trading hours.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Precious Metals UltraSector ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -38.48 | % | 0.53 | % | -10.62 | % | ||||||
Service | -39.08 | % | -0.47 | % | -11.50 | % | ||||||
Dow Jones Precious MetalsSM Index | -24.20 | % | 5.19 | % | -2.30 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.59 | % | 1.59 | % | ||||||||
Service | 2.59 | % | 2.59 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 71 | % | ||
Swap Agreements | 79 | % | ||
Total Exposure | 150 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
Newmont Corp. | 13.0 | % | ||
Barrick Gold Corp. | 10.1 | % | ||
Franco-Nevada Corp. | 8.9 | % | ||
Agnico Eagle Mines, Ltd. | 7.1 | % | ||
Wheaton Precious Metals Corp. | 5.6 | % |
Dow Jones Precious MetalsSM Index – Composition
% of Index | ||||
Gold | 90 | % | ||
Silver | 6 | % | ||
Precious Metals & Minerals | 4 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an Index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
34 :: Real Estate UltraSector ProFund :: Management Discussion of Fund Performance (unaudited)
Real Estate UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the return of the Dow Jones U.S. Real EstateSM Index (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (1.5x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -8.99%. For the same period, the Index had a total return of -3.90%1 and a volatility of 20.35%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-half times the daily return of the Index. The Index measures the performance of the real estate sector of the U.S. equity market. Component companies include real estate holding and development and real estate service companies; and real estate investment trusts (“REITs”) that invest in industrial, office and retail properties. REITs are passive investment vehicles that invest primarily in income-producing real estate or real estate related loans or interests.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Real Estate UltraSector ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -8.99 | % | 6.66 | % | 8.54 | % | ||||||
Service | -9.89 | % | 5.61 | % | 7.46 | % | ||||||
Dow Jones U.S. Real EstateSM Index | -3.90 | % | 7.76 | % | 8.41 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.86 | % | 1.78 | % | ||||||||
Service | 2.86 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 73 | % | ||
Swap Agreements | 78 | % | ||
Total Exposure | 151 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Largest Equity Holdings
Company | % of Net Assets | |||
American Tower Corp. | 6.6 | % | ||
Prologis, Inc. | 5.1 | % | ||
Crown Castle International Corp. | 4.1 | % | ||
Equinix, Inc. | 3.4 | % | ||
Public Storage | 2.6 | % |
Dow Jones U.S. Real EstateSM Index – Composition
% of Index | ||||
Equity Real Estate Investment Trusts (REITs) | 91 | % | ||
Real Estate Management & Development | 4 | % | ||
Mortgage Real Estate Investment Trusts (REITs) | 3 | % | ||
Professional Services | 2 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. | |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Rising Rates Opportunity ProFund :: 35
Rising Rates Opportunity ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-quarter times the inverse (-1.25x) of the daily movement of the most recently issued 30-year U.S. Treasury Bond (the “Long Bond”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s returns for periods longer than a single day very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (-1.25x) times the return of the Long Bond for the same period. For periods longer than a single day, the Fund will lose money if the Long Bond’s performance is flat, and it is possible that the Fund will lose money even if the level of the Long Bond falls. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of 24.67%. For the same period, the Long Bond, as measured by the Ryan Labs Returns Treasury Yield Curve 30 Year Index1, had a total return of -24.45%2 and a volatility of 22.22%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-quarter times the inverse of the daily price movement of the Long Bond.3
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-quarter times the inverse of the daily price movement of the Long Bond. The Long Bond is the longest term outstanding 30-year bond issued by the U.S. Treasury. As of July 31, 2022, the most recent Long Bond carried a maturity date of 5/15/52 and a 2.875% coupon.
During the year ended July 31, 2022, the Fund invested in swap agreements and future contracts as a substitute for shorting bonds in order to gain inverse leveraged exposure to the Long Bond. These derivatives generally tracked the performance of their underlying benchmark and benefited from financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Rising Rates Opportunity ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | 24.67 | % | -5.07 | % | -5.23 | % | ||||||
Service | 23.47 | % | -6.01 | % | -6.19 | % | ||||||
Ryan Labs Returns Treasury Yield Curve 30 Year Index | -24.45 | % | 0.19 | % | 0.69 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.69 | % | 1.69 | % | ||||||||
Service | 2.69 | % | 2.69 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings
Market Exposure
Investment Type | % of Net Assets | |||
Swap Agreements | (124 | )% | ||
Total Exposure | (124 | )% |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The Rising Rates Opportunity ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The Ryan Labs Returns Treasury Yield Curve 30 Year Index is an index that consists of public obligations of the U.S. Treasury consisting of a single security, the latest issued on-the-run 30-year U.S. Treasury bond. This Index reflects both price return and yield. It does not reflect the impact of transaction costs nor the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees. It is not possible to invest directly in an index. | |
2 | The Long Bond reflects a yield component. It does not reflect the impact of transaction and financing costs, nor the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees. The Fund’s performance reflects a yield component, the impact of transaction and financing costs and the deduction of fees and expenses. | |
3 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Long Bond and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
36 :: Rising Rates Opportunity 10 ProFund :: Management Discussion of Fund Performance (unaudited)
Rising Rates Opportunity 10 ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily movement of the most recently issued 10-year U.S. Treasury Note (the “Note”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s returns for periods longer than a single day very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (-1x) times the return of the Note for the same period. For periods longer than a single day, the Fund will lose money if the Note’s performance is flat, and it is possible that the Fund will lose money even if the level of the Note falls. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of 9.17%. For the same period, the Note, as measured by the Ryan Labs Returns Treasury Yield Curve 10 Year Index1, had a total return of -12.03%2 and a volatility of 10.26%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the inverse of the daily price movement of the Note.3
The Fund takes positions in derivatives that, in combination, should have similar daily return characteristics as the inverse of the daily price movement of the Note. As of July 31, 2022 the most recent Note carried a maturity date of 5/15/32 and a 2.875% coupon.
During the year ended July 31, 2021, the Fund invested in swap agreements and futures contracts as a substitute for shorting notes in order to gain inverse exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and benefitted from financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Rising Rates Opportunity 10 ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | 9.17 | % | -1.94 | % | -2.41 | % | ||||||
Service | 8.11 | % | -2.91 | % | -3.37 | % | ||||||
Ryan Labs Returns Treasury Yield Curve 10 Year Index | -12.03 | % | 0.78 | % | 0.78 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 2.69 | % | 1.78 | % | ||||||||
Service | 3.69 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings
Market Exposure
Investment Type | % of Net Assets | |||
Swap Agreements | (99 | )% | ||
Total Exposure | (99 | )% |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The Rising Rates Opportunity 10 ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The Ryan Labs Returns Treasury Yield Curve 10 Year Index is an index that consists of public obligations of the U.S. Treasury consisting of a single security, the latest issued on-the-run 10-year U.S. Treasury note. This index reflects both price return and yield. It does not reflect the impact of transaction costs nor the deduction of expenses associated with a mutual fund, such as investment management and accounting fees. It is not possible to invest directly in an index. | |
2 | The Note reflects a yield component. It does not reflect the impact of transaction and financing costs, nor the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees. The Fund’s performance reflects a yield component, the impact of transaction and financing costs and the deduction of fees and expenses. Since the Rising Rates Opportunity 10 ProFund is an inverse fund, the yield of the Note is effectively paid out, rather than received. | |
3 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Note and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Rising U.S. Dollar ProFund :: 37
Rising U.S. Dollar ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the return of the basket of currencies included in the U.S. Dollar Index (the “Index”) for a single day, not for any other period. The Index measures the performance of the U.S. dollar against a basket of six major world currencies (the “Benchmark”). A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s returns for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (-1x) times the return of the Benchmark for the same period. For periods longer than a single day, the Fund will lose money if the Benchmark’s performance is flat, and it is possible that the Fund will lose money even if the level of the Benchmark falls. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of 12.85%. For the same period, the Index had a price return of 14.89%1 and a volatility of 6.75%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as the inverse of the daily return of the Index. The six major currencies and their weightings are: Euro 57%; Japanese yen 14%; British pound 12%; Canadian dollar 9%; Swedish krona 4% and Swiss franc 4%. As the value of the U.S. dollar appreciates versus the Benchmark, the performance of the Fund increases. As the value of the U.S. dollar depreciates versus the Benchmark, the performance of the Fund declines. The Fund does not normally provide investment returns that match the Index.
During the year ended July 31, 2022, the Fund invested in forward currency contracts to gain inverse exposure to the Benchmark. These derivatives generally tracked the performance of their underlying benchmark. The Fund entered into forward currency contracts with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Rising U.S. Dollar ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | 12.85 | % | 2.62 | % | 1.54 | % | ||||||
Service | 11.70 | % | 1.62 | % | 0.53 | % | ||||||
U.S. Dollar Index | 14.89 | % | 2.66 | % | 2.51 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 2.13 | % | 1.78 | % | ||||||||
Service | 3.13 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Forward Currency Contracts | 100 | % | ||
Total Exposure | 100 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The Rising U.S. Dollar ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
U.S. Dollar Index – Composition
% of Index | ||||
Euro | 57 | % | ||
Japanese yen | 14 | % | ||
British pound | 12 | % | ||
Canadian dollar | 9 | % | ||
Swedish krona | 4 | % | ||
Swiss franc | 4 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table DO NOT reflect the theoretical reinvestment of dividends nor the impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. | |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of the transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the Index calculations. It is not possible to invest directly in an index. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
38 :: Semiconductor UltraSector ProFund :: Management Discussion of Fund Performance (unaudited)
Semiconductor UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the return of the Dow Jones U.S. SemiconductorsSM Index (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (1.5x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -17.93%. For the same period, the Index had a total return of -7.40%1 and a volatility of 40.56%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-half times the daily return of the Index. The Index measures the performance of the semiconductor sector of the U.S. equity market. Component companies are engaged in the production of semiconductors and other integrated chips, as well as other related products such as semiconductor capital equipment and motherboards.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Semiconductor UltraSector ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -17.93 | % | 26.27 | % | 27.68 | % | ||||||
Service | -18.76 | % | 25.00 | % | 26.40 | % | ||||||
Dow Jones U.S. SemiconductorsSM Index | -7.40 | % | 22.50 | % | 22.04 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.58 | % | 1.58 | % | ||||||||
Service | 2.58 | % | 2.58 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 75 | % | ||
Swap Agreements | 74 | % | ||
Total Exposure | 149 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
NVIDIA Corp. | 16.8 | % | ||
Broadcom, Inc. | 8.1 | % | ||
Texas Instruments, Inc. | 6.1 | % | ||
Qualcomm, Inc. | 6.0 | % | ||
Advanced Micro Devices, Inc. | 5.7 | % |
Dow Jones U.S. SemiconductorsSM Index – Composition
% of Index | ||||
Semiconductors & Semiconductor Equipment | 100 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. | |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Short Bitcoin Strategy ProFund :: 39
Short Bitcoin Strategy ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P CME Bitcoin Futures Index1 the ("Index") for a single day, not for any other period. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund's return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund's stated multiple (-1x) times the return of the Index for the same period. For periods longer than a single day, the Fund will lose money if the Index's performance is flat, and it is possible that the Fund will lose money even if the level of the Index falls. For the period from June 21, 2022 (commencement of operations) through July 31, 2022, the Fund (Investor Class shares) had a total return of -17.40%. For the same period, the Index had a total return of 14.73%.2
The Fund does not invest directly in bitcoin nor does it directly short bitcoin. Instead, the Fund seeks to benefit from decreases in the price of bitcoin futures contracts for a single day. The Fund expects to gain exposure to these instruments by investing a portion of its assets in the ProFunds Short Bitcoin Strategy Portfolio, a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the "Subsidiary"). The Subsidiary is advised by the Fund's Advisor. Unlike the Fund, the Subsidiary is not an investment company registered under the Investment Company Act of 1940. The Fund's investment in the Subsidiary is intended to provide the Fund with exposure to commodity markets in accordance with applicable rules and regulations. The Subsidiary has the same investment objective as the Fund.
During the year ended July 31, 2022, the Fund, through its investment in Subsidiary, invested in CME Bitcoin futures and CME Micro Bitcoin futures contracts.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Short Bitcoin Strategy ProFund from June 21, 2022 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | Since Inception | |||
Investor | -17.40 | % | ||
S&P CME Bitcoin Futures Index | 14.73 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 1.26 | % | 1.26 | % |
** | Reflects the expense ratio as reported in the Prospectus dated June 19, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings
Market Exposure
Investment Type | % of Net Assets | |||
Futures Contracts | (99 | )% | ||
Total Exposure | (99 | )% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The Short Bitcoin Strategy ProFund primarily invests in non-equity securities, which may include: futures contracts, Canadian Exchange Traded Funds, repurchase agreements and reverse repurchase agreements, and U.S. Government securities.
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The S&P CME Bitcoin Futures Index (the "Index") measures the performance of the front-month bitcoin futures contract trading on the Chicago Mercantile Exchange ("CME"). The Index is constructed from futures contracts and includes a provision for replacement of the Index futures contracts as the contracts approach maturity. This is often referred to as "rolling" a futures contract. The Index rolls monthly and distributes the weights 20% each day over a five-day roll period. |
2 | The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the index. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
40 :: Short Nasdaq-100 ProFund :: Management Discussion of Fund Performance (unaudited)
Short Nasdaq-100 ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the return of the Nasdaq-100® Index (the "Index") for a single day, not for any other period. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund's return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund's stated multiple (-1x) times the return of the Fund's Index for the same period. For periods longer than a single day, the Fund will lose money if the Index's performance is flat, and it is possible that the Fund will lose money even if the level of the Index falls. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of 3.64%. For the same period, the Index had a total return of -12.80%1 and a volatility of 28.15%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the inverse of the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as the inverse of the daily return of the Index. The Index, a modified market capitalization-weighted index, includes 100 of the largest non-financial domestic and international issues listed on Nasdaq.
During the year ended July 31, 2022, the Fund invested in swap agreements and futures contracts as a substitute for shorting notes in order to gain inverse exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and benefitted from financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund's advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Short Nasdaq-100 ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | 3.64 | % | -20.59 | % | -20.03 | % | ||||||
Service | 2.29 | % | -21.40 | % | -20.81 | % | ||||||
Nasdaq-100® Index | -12.80 | % | 18.20 | % | 18.54 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 2.02 | % | 1.78 | % | ||||
Service | 3.02 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Futures Contracts | (3 | )% | ||
Swap Agreements | (97 | )% | ||
Total Exposure | (100 | )% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The Short Nasdaq-100 ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
Nasdaq-100® Index – Composition
% of Index | ||||
Information Technology | 52 | % | ||
Consumer Discretionary | 16 | % | ||
Communication Services | 16 | % | ||
Consumer Staples | 6 | % | ||
Health Care | 6 | % | ||
Industrials | 3 | % | ||
Utilities | 1 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Short Oil & Gas ProFund :: 41
Short Oil & Gas ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the return of the Dow Jones U.S. Oil & GasSM Index (the "Index") for a single day, not for any other period. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund's return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund's stated multiple (-1x) times the return of the Fund's Index for the same period. For periods longer than a single day, the Fund will lose money if the Index's performance is flat, and it is possible that the Fund will lose money even if the level of the Index falls. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -46.47%. For the same period, the Index had a total return of 65.69%1 and a volatility of 32.56%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the inverse of the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as the inverse of the daily return of the Index. The Index measures the performance of the oil and gas sector of the U.S. equity market. Component companies include, among others, exploration and production, integrated oil and gas, oil equipment and services, pipelines, renewable energy equipment companies and alternative fuel producers.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for shorting stocks in order to gain inverse exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and benefited from financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund's advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Short Oil & Gas ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -46.47 | % | -18.32 | % | -12.35 | % | ||||||
Service | -46.97 | % | -19.08 | % | -13.17 | % | ||||||
Dow Jones U.S. Oil & GasSM Index | 65.69 | % | 8.02 | % | 4.24 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 3.16 | % | 1.78 | % | ||||
Service | 4.16 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Swap Agreements | (100 | )% | ||
Total Exposure | (100 | )% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The Short Oil & Gas ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
Dow Jones U.S. Oil & GasSM Index – Composition
% of Index | ||||
Oil, Gas & Consumable Fuels | 91 | % | ||
Energy Equipment & Services | 7 | % | ||
Electrical Equipment | 1 | % | ||
Semiconductors & Semiconductor Equipment | 1 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
42 :: Short Precious Metals ProFund :: Management Discussion of Fund Performance (unaudited)
Short Precious Metals ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones Precious MetalsSM Index (the "Index") for a single day, not for any other period. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund's return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund's stated multiple (-1x) times the return of the Fund's Index for the same period. For periods longer than a single day, the Fund will lose money if the Index's performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of 17.67%. For the same period, the Index had a total return of -24.20%1 and a volatility of 32.49%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the inverse of the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as the inverse of the daily return of the Index. The Index measures the performance of the precious metals mining sector. Component companies include, among others, leading miners and producers of gold, silver and platinum-group metals whose securities are available to U.S. investors during U.S. trading hours.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for shorting stocks in order to gain inverse exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and benefited from financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund's advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Short Precious Metals ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | 17.67 | % | -15.25 | % | -11.08 | % | ||||||
Service | 16.35 | % | -16.14 | % | -11.99 | % | ||||||
Dow Jones Precious MetalsSM Index | -24.20 | % | 5.19 | % | -2.30 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 2.86 | % | 1.78 | % | ||||
Service | 3.86 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Swap Agreements | (121 | )% | ||
Total Exposure | (121 | )% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. The "Market Exposure" for this fund as of July 31, 2022, was different from the stated investment objective due to timing of receipt of capital share activity.
Holdings
The Short Precious Metals ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
Dow Jones Precious MetalsSM Index – Composition
% of Index | ||||
Gold | 90 | % | ||
Silver | 6 | % | ||
Precious Metals & Minerals | 4 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Short Real Estate ProFund :: 43
Short Real Estate ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the return of the Dow Jones U.S. Real EstateSM Index (the "Index") for a single day, not for any other period. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund's return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund's stated multiple (-1x) times the return of the Fund's Index for the same period. For periods longer than a single day, the Fund will lose money if the Index's performance is flat, and it is possible that the Fund will lose money even if the level of the Index falls. For the year ended July 31, 2022, the Fund (Investor Class Shares) had a total return of -1.10%. For the same period, the Index had a total return of -3.90%1 and a volatility of 20.35%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the inverse of the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as the inverse of the daily return of the Index. The Index measures the performance of the real estate sector of the U.S. equity market. Component companies include real estate holding and development and real estate service companies; and real estate investment trusts ("REITs") that invest in industrial, office and retail properties. REITs are passive investment vehicles that invest primarily in income-producing real estate or real estate related loans or interests.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for shorting stocks in order to gain inverse exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and benefited from financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund's advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Short Real Estate ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -1.10 | % | -12.09 | % | -11.85 | % | ||||||
Service | -2.23 | % | -12.97 | % | -12.72 | % | ||||||
Dow Jones U.S. Real EstateSM Index | -3.90 | % | 7.76 | % | 8.41 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 4.69 | % | 1.78 | % | ||||
Service | 5.69 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Swap Agreements | (101 | )% | ||
Total Exposure | (101 | )% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The Short Real Estate ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
Dow Jones U.S. Real EstateSM Index – Composition
% of Index | ||||
Equity Real Estate Investment Trusts (REITs) | 91 | % | ||
Real Estate Management & Development | 4 | % | ||
Mortgage Real Estate Investment Trusts (REITs) | 3 | % | ||
Professional Services | 2 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
44 :: Short Small-Cap ProFund :: Management Discussion of Fund Performance (unaudited)
Short Small-Cap ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the return of the Russell 2000® Index (the "Index") for a single day, not for any other period. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund's return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund's stated multiple (-1x) times the return of the Fund's Index for the same period. For periods longer than a single day, the Fund will lose money if the Index's performance is flat, and it is possible that the Fund will lose money even if the level of the Index falls. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of 6.77%. For the same period, the Index had a total return of -14.29%1 and a volatility of 25.54%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the inverse of the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as the inverse of the daily return of the Index. The Index is a measure of small-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index containing approximately 2,000 of the smallest companies in the Russell 3000® Index or approximately 8% of the total market capitalization of the Russell 3000® Index, which in turn represents approximately 98% of the investable U.S. equity market.
During the year ended July 31, 2022, the Fund invested in swap agreements and futures contracts as a substitute for shorting notes in order to gain inverse exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and benefitted from financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund's advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Short Small-Cap ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | 6.77 | % | -13.34 | % | -14.96 | % | ||||||
Service | 5.46 | % | -14.27 | % | -15.83 | % | ||||||
Russell 2000® Index | -14.29 | % | 7.12 | % | 10.60 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 3.63 | % | 1.78 | % | ||||
Service | 4.63 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Futures Contracts | (18 | )% | ||
Swap Agreements | (81 | )% | ||
Total Exposure | (99 | )% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The Short Small-Cap ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
Russell 2000® Index – Composition
% of Index | ||||
Financials | 19 | % | ||
Health Care | 17 | % | ||
Industrials | 15 | % | ||
Information Technology | 13 | % | ||
Consumer Discretionary | 10 | % | ||
Real Estate | 7 | % | ||
Energy | 6 | % | ||
Materials | 4 | % | ||
Utilities | 3 | % | ||
Consumer Staples | 3 | % | ||
Communication Services | 3 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Small-Cap Growth ProFund :: 45
Small-Cap Growth ProFund (the "Fund") seeks investment results, before fees and expenses, that correspond to the performance of the S&P SmallCap 600® Growth Index (the "Index"). For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -12.08%. For the same period, the Index had a total return of -10.19%1 and a volatility of 24.60%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar return characteristics as the return of the Index. The Index is designed to provide a comprehensive measure of small-cap U.S. equity "growth" performance. It is an unmanaged, float-adjusted, market capitalization-weighted index comprising stocks representing approximately half the market capitalization of the S&P SmallCap 600® that have been identified as being on the growth end of the growth-value spectrum. Securities are selected for inclusion in the Index by an S&P committee through a non-mechanical process that factors in criteria such as liquidity, price, market capitalization, financial viability, and public float.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Small-Cap Growth ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -12.08 | % | 7.50 | % | 10.63 | % | ||||||
Service | -12.94 | % | 6.43 | % | 9.52 | % | ||||||
S&P SmallCap 600® Growth Index | -10.19 | % | 9.51 | % | 12.70 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 1.60 | % | 1.60 | % | ||||
Service | 2.60 | % | 2.60 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 100 | % | ||
Total Exposure | 100 | % |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Largest Equity Holdings
Company | % of Net Assets | |||
UFP Industries, Inc. | 1.3 | % | ||
ExlService Holdings, Inc. | 1.3 | % | ||
Exponent, Inc. | 1.2 | % | ||
Rogers Corp. | 1.2 | % | ||
SM Energy Co. | 1.2 | % |
S&P SmallCap 600® Growth Index – Composition
% of Index | ||||
Information Technology | 20 | % | ||
Financials | 16 | % | ||
Industrials | 15 | % | ||
Health Care | 15 | % | ||
Consumer Discretionary | 12 | % | ||
Real Estate | 7 | % | ||
Consumer Staples | 5 | % | ||
Materials | 4 | % | ||
Energy | 3 | % | ||
Communication Services | 2 | % | ||
Utilities | 1 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value ("NAV") will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
46 :: Small-Cap ProFund :: Management Discussion of Fund Performance (unaudited)
Small-Cap ProFund (the "Fund")seeks investment results, before fees and expenses, that correspond to the performance of the Russell 2000® Index (the "Index"). For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -16.22%. For the same period, the Index had a total return of -14.29%1 and a volatility of 25.54%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar return characteristics as the return of the Index. The Index is a measure of small-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index containing approximately 2,000 of the smallest companies in the Russell 3000® Index or approximately 8% of the total market capitalization of the Russell 3000® Index, which in turn represents approximately 98% of the investable U.S. equity market.
During the year ended July 31, 2022, the Fund invested in swap agreements and futures contracts as a substitute for investing directly in stocks in order to gain exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund's advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Small-Cap ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -16.22 | % | 4.63 | % | 8.35 | % | ||||||
Service | -17.05 | % | 3.60 | % | 7.29 | % | ||||||
Russell 2000® Index | -14.29 | % | 7.12 | % | 10.60 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 2.03 | % | 1.78 | % | ||||
Service | 3.03 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 65 | % | ||
Swap Agreements | 35 | % | ||
Total Exposure | 100 | % |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
Biohaven Pharmaceutical Holding Co., Ltd. | 0.2 | % | ||
Shockwave Medical, Inc. | 0.2 | % | ||
Chart Industries, Inc. | 0.2 | % | ||
RBC Bearings, Inc. | 0.2 | % | ||
Halozyme Therapeutics, Inc. | 0.2 | % |
Russell 2000® Index – Composition
% of Index | ||||
Financials | 19 | % | ||
Health Care | 17 | % | ||
Industrials | 15 | % | ||
Information Technology | 13 | % | ||
Consumer Discretionary | 10 | % | ||
Real Estate | 7 | % | ||
Energy | 6 | % | ||
Materials | 4 | % | ||
Utilities | 3 | % | ||
Consumer Staples | 3 | % | ||
Communication Services | 3 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value ("NAV") will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Small-Cap Value ProFund :: 47
Small-Cap Value ProFund (the "Fund") seeks investment results, before fees and expenses, that correspond to the performance of the S&P SmallCap 600® Value Index (the "Index"). For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -3.94%. For the same period, the Index had a total return of -2.26%1 and a volatility of 22.35%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar return characteristics as the return of the Index. The Index is designed to provide a comprehensive measure of small-cap U.S. equity "value" performance. It is an unmanaged, float-adjusted, market capitalization-weighted index comprising stocks representing approximately half the market capitalization of the S&P SmallCap 600® that have been identified as being on the value end of the growth-value spectrum. Securities are selected for inclusion in the Index by an S&P committee through a non-mechanical process that factors in criteria such as liquidity, price, market capitalization, financial viability, and public float.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Small-Cap Value ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -3.94 | % | 6.59 | % | 9.89 | % | ||||||
Service | -4.90 | % | 5.54 | % | 8.80 | % | ||||||
S&P SmallCap 600® Value Index | -2.26 | % | 8.38 | % | 11.98 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 1.61 | % | 1.61 | % | ||||
Service | 2.61 | % | 2.61 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 100 | % | ||
Total Exposure | 100 | % |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
Helmerich & Payne, Inc. | 1.0 | % | ||
South Jersey Industries, Inc. | 0.8 | % | ||
Patterson-UTI Energy, Inc. | 0.7 | % | ||
CVB Financial Corp. | 0.7 | % | ||
Mr. Cooper Group, Inc. | 0.7 | % |
S&P SmallCap 600® Value Index – Composition
% of Index | ||||
Financials | 21 | % | ||
Industrials | 18 | % | ||
Consumer Discretionary | 12 | % | ||
Health Care | 9 | % | ||
Real Estate | 9 | % | ||
Information Technology | 8 | % | ||
Materials | 7 | % | ||
Energy | 6 | % | ||
Consumer Staples | 5 | % | ||
Utilities | 3 | % | ||
Communication Services | 2 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value ("NAV") will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
48 :: Technology UltraSector ProFund :: Management Discussion of Fund Performance (unaudited)
Technology UltraSector ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the return of the Dow Jones U.S. TechnologySM Index (the "Index") for a single day, not for any other period. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund's return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund's stated multiple (1.5x) times the return of the Fund's Index for the same period. For periods longer than a single day, the Fund will lose money if the Index's performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -22.70%. For the same period, the Index had a total return of -12.53%1 and a volatility of 30.63%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-half times the daily return of the Index. The Index measures the performance of the technology sector of the U.S. equity market. Component companies include, among others, those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund's advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Technology UltraSector ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -22.70 | % | 26.41 | % | 24.46 | % | ||||||
Service | -23.48 | % | 25.15 | % | 23.22 | % | ||||||
Dow Jones U.S. TechnologySM Index | -12.53 | % | 21.22 | % | 19.07 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 1.55 | % | 1.55 | % | ||||
Service | 2.55 | % | 2.55 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 77 | % | ||
Swap Agreements | 73 | % | ||
Total Exposure | 150 | % |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
Apple, Inc. | 17.7 | % | ||
Microsoft Corp. | 14.8 | % | ||
Alphabet, Inc. | 9.5 | % | ||
NVIDIA Corp. | 3.2 | % | ||
Meta Platforms, Inc. | 2.6 | % |
Dow Jones U.S. TechnologySM Index – Composition
% of Index | ||||
Software & Services | 37 | % | ||
Technology Hardware & Equipment | 27 | % | ||
Semiconductors & Semiconductor Equipment | 19 | % | ||
Media & Entertainment | 16 | % | ||
Retailing | 1 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Telecommunications UltraSector ProFund :: 49
Telecommunications UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the return of the Dow Jones U.S. Select TelecommunicationsSM Index (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (1.5x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -18.25%. For the same period, the Index had a total return of -10.31%1 and a volatility of 18.56%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-half times the daily return of the Index. The Index measures the telecommunications sector of the U.S. equity market. Component companies include, among others, regional and long-distance carriers; cellular, satellite and paging service providers; producers of equipment including satellites, mobile telephones, fiber optics, switching devices, teleconferencing equipment and connectivity devices for computers.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Telecommunications UltraSector ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -18.25 | % | -1.24 | % | 2.59 | % | ||||||
Service | -19.05 | % | -2.24 | % | 1.56 | % | ||||||
Dow Jones U.S. Select TelecommunicationsSM Index | -10.31 | % | 1.32 | % | 5.03 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 4.54 | % | 1.78 | % | ||||||||
Service | 5.54 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 73 | % | ||
Swap Agreements | 76 | % | ||
Total Exposure | 149 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Largest Equity Holdings
Company | % of Net Assets | |||
Cisco Systems, Inc. | 16.8 | % | ||
Verizon Communications, Inc. | 14.9 | % | ||
Arista Networks, Inc. | 3.8 | % | ||
Motorola Solutions, Inc. | 3.6 | % | ||
T-Mobile U.S., Inc. | 3.5 | % |
Dow Jones U.S. Select TelecommunicationsSM Index – Composition
% of Index | ||||
Communications Equipment | 52 | % | ||
Diversified Telecommunication Services | 38 | % | ||
Wireless Telecommunication Services | 6 | % | ||
Household Durables | 4 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. | |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
50 :: UltraBear ProFund :: Management Discussion of Fund Performance (unaudited)
UltraBear ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the return of the S&P 500® (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (-2x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index falls. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -3.36%. For the same period, the Index had a total return of -4.64%1 and a volatility of 20.44%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the inverse of the daily return of the Index. The Index is a measure of large-cap U.S. stock market performance. 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. Reconstitution occurs both on a quarterly and an ongoing basis.
During the year ended July 31, 2022, the Fund invested in swap agreements and futures contracts as a substitute for shorting stocks in order to gain inverse leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and benefited from financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraBear ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | ||||||||||
Investor | -3.36 | % | -30.23 | % | -29.27 | % | |||||||
Service | -4.43 | % | -30.93 | % | -29.98 | % | |||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | |||||||||||
Investor | 2.08 | % | 1.78 | % | |||||||||
Service | 3.08 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Futures Contracts | (6 | )% | ||
Swap Agreements | (195 | )% | ||
Total Exposure | (201 | )% |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The UltraBear ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
S&P 500® – Composition
% of Index | ||||
Information Technology | 28 | % | ||
Health Care | 14 | % | ||
Consumer Discretionary | 11 | % | ||
Financials | 11 | % | ||
Communication Services | 8 | % | ||
Industrials | 8 | % | ||
Consumer Staples | 7 | % | ||
Energy | 4 | % | ||
Utilities | 3 | % | ||
Real Estate | 3 | % | ||
Materials | 3 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: UltraBull ProFund :: 51
UltraBull ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the return of the S&P 500® (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (2x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -14.96%. For the same period, the Index had a total return of -4.64%1 and a volatility of 20.44%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the daily return of the Index. The Index is a measure of large-cap U.S. stock market performance. 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. Reconstitution occurs both on a quarterly and an ongoing basis.
During the year ended July 31, 2022, the Fund invested in swap agreements and futures contracts as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraBull ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -14.96 | % | 17.39 | % | 21.78 | % | ||||||
Service | -15.80 | % | 16.22 | % | 20.57 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.51 | % | 1.51 | % | ||||||||
Service | 2.51 | % | 2.51 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 67 | % | ||
Futures Contracts | 1 | % | ||
Swap Agreements | 132 | % | ||
Total Exposure | 200 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Largest Equity Holdings
Company | % of Net Assets | |||
Apple, Inc. | 4.8 | % | ||
Microsoft Corp. | 4.0 | % | ||
Alphabet, Inc. | 2.6 | % | ||
Amazon.com, Inc. | 2.3 | % | ||
Tesla, Inc. | 1.4 | % |
S&P 500® – Composition
% of Index | ||||
Information Technology | 28 | % | ||
Health Care | 14 | % | ||
Consumer Discretionary | 11 | % | ||
Financials | 11 | % | ||
Communication Services | 8 | % | ||
Industrials | 8 | % | ||
Consumer Staples | 7 | % | ||
Energy | 4 | % | ||
Utilities | 3 | % | ||
Real Estate | 3 | % | ||
Materials | 3 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
52 :: UltraChina ProFund :: Management Discussion of Fund Performance (unaudited)
UltraChina ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the return of the S&P China Select ADR Index (USD)1 (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (2x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -70.93%. For the same period, the Index had a total return of -36.15%2 and a volatility of 56.50%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index.3
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the daily return of the Index. The Index is a free-float adjusted, market capitalization-weighted index. The Index is designed to track the performance of a basket of Chinese companies who have depositary receipts that trade on a U.S. exchange or on Nasdaq. The Index is expressed in U.S. dollar terms and as such should generally reflect the relative movement of the U.S. dollar against the foreign currencies represented by the constituent companies in the Index.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraChina ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -70.93 | % | -26.77 | % | -5.95 | % | ||||||
Service | -71.17 | % | -27.48 | % | -6.89 | % | ||||||
S&P China Select ADR Index (USD) | -36.15 | % | -7.37 | % | 2.67 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.67 | % | 1.67 | % | ||||||||
Service | 2.67 | % | 2.67 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 89 | % | ||
Swap Agreements | 113 | % | ||
Total Exposure | 202 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
Alibaba Group Holding, Ltd. | 15.4 | % | ||
JD.com, Inc. | 9.6 | % | ||
NetEase, Inc. | 6.8 | % | ||
NIO, Inc. | 4.5 | % | ||
China Petroleum & Chemical Corp. | 4.4 | % |
S&P China Select ADR Index (USD) – Composition
Industry Breakdown | % of Index | |||
Consumer Discretionary | 51 | % | ||
Communication Services | 20 | % | ||
Energy | 9 | % | ||
Industrials | 5 | % | ||
Financials | 5 | % | ||
Information Technology | 5 | % | ||
Health Care | 3 | % | ||
Real Estate | 2 | % |
Country Composition | ||||
China | 100 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value (“NAV”) will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | Prior to April 1, 2022, the S&P China Select ADR Index (USD) was known as the S&P/BNY Mellon China Select ADR Index (USD). | |
2 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
3 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: UltraDow 30 ProFund :: 53
UltraDow 30 ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the return of the Dow Jones Industrial Average® Index (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (2x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -13.07%. For the same period, the Index had a total return of -4.14%1 and a volatility of 17.00%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the daily return of the Index. The Index is a price-weighted index. The Index includes 30 large-cap, “blue-chip” U.S. stocks, excluding utility and transportation companies. Components are selected through a discretionary process with no pre-determined criteria except that components should be established U.S. companies that are leaders in their industries, have an excellent reputation, demonstrate sustained growth, are of interest to a large number of investors, and accurately represents the sectors covered by the average. The Index is not limited to traditionally defined industrial stocks. Instead, the Index serves as a measure of the entire U.S. market, covering such diverse industries as financial services, technology, retail, entertainment, and consumer goods. Composition changes are rare, and generally occur only after corporate acquisitions or other dramatic shifts in a component’s core business. When such an event necessitates that one component be replaced, the entire Index is reviewed.
During the year ended July 31, 2022, the Fund invested in swap agreements and futures contracts as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraDow 30 ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -13.07 | % | 13.15 | % | 18.48 | % | ||||||
Service | -13.94 | % | 12.03 | % | 17.30 | % | ||||||
Dow Jones Industrial Average® | -4.14 | % | 10.86 | % | 12.31 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.59 | % | 1.59 | % | ||||||||
Service | 2.59 | % | 2.59 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 71 | % | ||
Futures Contracts | 12 | % | ||
Swap Agreements | 117 | % | ||
Total Exposure | 200 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Largest Equity Holdings
Company | % of Net Assets | |||
UnitedHealth Group, Inc. | 7.7 | % | ||
The Goldman Sachs Group, Inc. | 4.8 | % | ||
The Home Depot, Inc. | 4.3 | % | ||
Microsoft Corp. | 4.0 | % | ||
McDonald’s Corp. | 3.8 | % |
Dow Jones Industrial Average® – Composition
% of Index | ||||
Health Care | 21 | % | ||
Information Technology | 21 | % | ||
Financials | 15 | % | ||
Industrials | 14 | % | ||
Consumer Discretionary | 14 | % | ||
Consumer Staples | 8 | % | ||
Energy | 3 | % | ||
Communication Services | 3 | % | ||
Materials | 1 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
54 :: UltraEmerging Markets ProFund :: Management Discussion of Fund Performance (unaudited)
UltraEmerging Markets ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the return of the S&P Emerging 50 ADR Index (USD)1 (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (2x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -47.53%. For the same period, the Index had a total return of -23.07%2 and a volatility of 30.18%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index.3
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the daily return of the Index. The Index is a free-float adjusted, market capitalization-weighted index. The Index is designed to track the performance of a basket of companies who have their primary equity listing on a stock exchange of an emerging market country and who also have depositary receipts that trade on a U.S. exchange or on Nasdaq. The Index consists of companies from the following emerging market countries: Brazil, China, India, Indonesia, Mexico, South Africa, South Korea and Taiwan. The Index is expressed in U.S. dollar terms and as such should generally reflect the relative movement of the U.S. dollar against the basket of foreign currencies represented by the constituent companies in the Index.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraEmerging Markets ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -47.53 | % | -7.34 | % | -2.51 | % | ||||||
Service | -48.05 | % | -8.26 | % | -3.50 | % | ||||||
S&P Emerging 50 ADR Index (USD) | -23.07 | % | 1.12 | % | 2.67 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.70 | % | 1.70 | % | ||||||||
Service | 2.70 | % | 2.70 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 83 | % | ||
Swap Agreements | 114 | % | ||
Total Exposure | 197 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 17.2 | % | ||
HDFC Bank, Ltd. | 9.2 | % | ||
Alibaba Group Holding, Ltd. | 7.6 | % | ||
Infosys, Ltd. | 4.1 | % | ||
ICICI Bank, Ltd. | 3.5 | % |
S&P Emerging 50 ADR Index (USD) – Composition
Industry Breakdown | % of Index | |||
Information Technology | 29 | % | ||
Financials | 22 | % | ||
Consumer Discretionary | 18 | % | ||
Materials | 10 | % | ||
Communication Services | 10 | % | ||
Energy | 6 | % | ||
Industrials | 2 | % | ||
Consumer Staples | 2 | % | ||
Health Care | 1 | % |
Country Composition | ||||
China | 28 | % | ||
Taiwan | 24 | % | ||
India | 22 | % | ||
Brazil | 13 | % | ||
Other | 13 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value (“NAV”) will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | Prior to April 1, 2022, the S&P Emerging 50 ADR Index (USD) was known as the S&P/BNY Mellon Emerging 50 ADR Index (USD). | |
2 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
3 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: UltraInternational ProFund :: 55
UltraInternational ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the return of the Morgan Stanley Capital International Europe, Australasia and Far East (“MSCI EAFE®”) Index (the “Index”) for a single day, not for any other period. Since the foreign markets are not open when this Fund values its shares, it determines its success in meeting this investment objective by comparing its daily return on a given day with the daily performance of related futures contracts traded in the United States. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s returns for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (2x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -30.81%. For the same period, the Index had a total return of -14.32%1 and a volatility of 17.05%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to twice that of the daily performance of the U.S.-traded MSCI EAFE futures contract.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the daily return of the Index. The Index includes 85% of free-float adjusted, market capitalization in each industry group in developed market countries, excluding the U.S. and Canada. As of July 31, 2022, the Index has constituent companies from the following 21 developed market countries: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom. The Index levels and the price of the related futures contracts are expressed in U.S. dollar terms and as such they should generally reflect the relative movement of the U.S. dollar against the basket of foreign currencies represented by the constituent companies in the Index.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraInternational ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -30.81 | % | -2.97 | % | 4.31 | % | ||||||
Service | -31.53 | % | -3.91 | % | 3.29 | % | ||||||
MSCI EAFE® Index | -14.32 | % | 2.61 | % | 5.79 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 2.31 | % | 1.78 | % | ||||||||
Service | 3.31 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Swap Agreements | 200 | % | ||
Total Exposure | 200 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The UltraInternational ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
MSCI EAFE® Index – Composition
Industry Breakdown | % of Index | |||
Financials | 18 | % | ||
Industrials | 15 | % | ||
Health Care | 13 | % | ||
Consumer Discretionary | 12 | % | ||
Consumer Staples | 11 | % | ||
Information Technology | 8 | % | ||
Materials | 7 | % | ||
Communication Services | 5 | % | ||
Energy | 5 | % | ||
Utilities | 3 | % | ||
Real Estate | 3 | % |
Country Composition | ||||
Japan | 22 | % | ||
United Kingdom | 16 | % | ||
France | 11 | % | ||
Switzerland | 10 | % | ||
Other | 41 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the U.S.-traded MSCI EAFE futures contract and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
56 :: UltraJapan ProFund :: Management Discussion of Fund Performance (unaudited)
UltraJapan ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the return of the Nikkei 225 Stock Average (the “Index”) for a single day, not for any other period. Since the Japanese markets are not open with this Fund values its shares, it determines its success in meeting this investment objective by comparing its daily return on a given day with the daily performance of related, dollar-denominated futures contracts traded in the United States. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (2x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -0.05%. For the same period, the Index has a total return of -14.67%1, as measured in unhedged U.S. dollar terms, or 3.92%1 in local (Japanese yen) terms and a volatility of 20.16%. The U.S. dollar-denominated Nikkei futures contracts held in the Fund are not directly impacted by the dollar/yen exchange rate, which may cause the Fund to over or underperform versus the performance of the Index measured in unhedged U.S. dollar terms, depending upon whether the U.S. dollar rises or falls in value versus the yen. During the year, the Fund was generally not exposed to fluctuations in the dollar/yen exchange rate. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to twice that of the daily performance of the U.S.-traded U.S. dollar-denominated futures contract on the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the daily return of the Index. The Index is a modified price-weighted index of the 225 most actively traded and liquid Japanese stocks traded in the First Section of the Tokyo Stock Exchange.
During the year ended July 31, 2022, the Fund invested in swap agreements and futures contracts as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraJapan ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -0.05 | % | 10.30 | % | 19.17 | % | ||||||
Service | -1.04 | % | 9.21 | % | 18.00 | % | ||||||
Nikkei 225 Stock Average - USD | -14.67 | % | 4.92 | % | 8.47 | % | ||||||
Nikkei 225 Stock Average - JPY | 3.92 | % | 8.99 | % | 14.46 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.80 | % | 1.78 | % | ||||||||
Service | 2.80 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Futures Contracts | 199 | % | ||
Swap Agreements | 1 | % | ||
Total Exposure | 200 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The UltraJapan ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
Nikkei 225 Stock Average – Composition
% of Index | ||||
Consumer Discretionary | 21 | % | ||
Information Technology | 20 | % | ||
Industrials | 19 | % | ||
Health Care | 12 | % | ||
Communication Services | 11 | % | ||
Consumer Staples | 6 | % | ||
Materials | 6 | % | ||
Financials | 3 | % | ||
Real Estate | 2 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends in the Index. Unhedged U.S. dollar performance is calculated by converting U.S. dollars to Yen at the beginning of the period and to U.S. dollars at the end of the period. “Local (Yen)” returns are theoretical Index returns experienced by local residents living in Japan. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the U.S.-traded U.S. dollar-denominated futures contract on the index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: UltraLatin America ProFund :: 57
UltraLatin America ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the return of the S&P Latin America 35 ADR Index (USD)1 (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (2x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -18.44%. For the same period, the Index had a total return of -5.20%2 and a volatility of 26.37%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index.3
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the daily return of the Index. The Index is a free-float adjusted, market capitalization-weighted index. The Index is designed to track the performance of a basket of companies who have their primary equity listing on a stock exchange of a Latin American country and who also have depositary receipts that trade on a U.S. exchange or on Nasdaq. The Index consists of companies from the following emerging market countries: Argentina, Brazil, Chile, Colombia, Mexico and Peru. The Index is expressed in U.S. dollar terms and as such should generally reflect the relative movement of the U.S. dollar against the basket of foreign currencies represented by the constituent companies in the Index.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraLatin America ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -18.44 | % | -14.76 | % | -15.29 | % | ||||||
Service | -19.32 | % | -15.62 | % | -16.12 | % | ||||||
S&P Latin America 35 ADR Index (USD) | -5.20 | % | -0.85 | % | -2.46 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.72 | % | 1.72 | % | ||||||||
Service | 2.72 | % | 2.72 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 80 | % | ||
Swap Agreements | 122 | % | ||
Total Exposure | 202 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
Vale S.A. | 13.1 | % | ||
Petroleo Brasileiro S.A. | 11.9 | % | ||
Itau Unibanco Holding S.A. | 5.1 | % | ||
Sociedad Quimica y Minera de Chile S.A. | 4.0 | % | ||
Ambev S.A. | 3.8 | % |
S&P Latin America 35 ADR Index (USD) – Composition
Industry Breakdown | % of Index | |||
Materials | 33 | % | ||
Energy | 17 | % | ||
Financials | 16 | % | ||
Consumer Staples | 13 | % | ||
Communication Services | 9 | % | ||
Utilities | 7 | % | ||
Industrials | 5 | % |
Country Composition | ||||
Brazil | 69 | % | ||
Mexico | 20 | % | ||
Chile | 8 | % | ||
Colombia | 3 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value (“NAV”) will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | Prior to April 1, 2022, the S&P Latin America 35 ADR Index (USD) was known as the S&P/BNY Mellon Latin America 35 ADR Index (USD). | |
2 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
3 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
58 :: UltraMid-Cap ProFund :: Management Discussion of Fund Performance (unaudited)
UltraMid-Cap ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the return of the S&P MidCap 400® (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (2x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -17.57%. For the same period, the Index had a total return of -5.70%1 and a volatility of 22.63%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the daily return of the Index. The Index is a measure of mid-size company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 400 U.S. operating companies and real estate investment trusts through a process that factors criteria such as liquidity, price, market capitalization, and financial viability. Reconstitution occurs both on a quarterly and ongoing basis.
During the year ended July 31, 2022, the Fund invested in swap agreements and futures contracts as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraMid-Cap ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -17.57 | % | 8.21 | % | 17.14 | % | ||||||
Service | -18.40 | % | 7.13 | % | 15.98 | % | ||||||
S&P MidCap 400® | -5.70 | % | 9.06 | % | 12.05 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.53 | % | 1.53 | % | ||||||||
Service | 2.53 | % | 2.53 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 69 | % | ||
Swap Agreements | 130 | % | ||
Total Exposure | 199 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
Targa Resources Corp. | 0.5 | % | ||
Carlisle Cos., Inc. | 0.5 | % | ||
Steel Dynamics, Inc. | 0.4 | % | ||
EQT Corp. | 0.4 | % | ||
Fair Isaac Corp. | 0.4 | % |
S&P MidCap 400® – Composition
% of Index | ||||
Industrials | 18 | % | ||
Financials | 14 | % | ||
Consumer Discretionary | 14 | % | ||
Information Technology | 13 | % | ||
Health Care | 10 | % | ||
Real Estate | 9 | % | ||
Materials | 7 | % | ||
Energy | 5 | % | ||
Utilities | 4 | % | ||
Consumer Staples | 4 | % | ||
Communication Services | 2 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. | |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: UltraNasdaq-100 ProFund :: 59
UltraNasdaq-100 ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the return of the Nasdaq-100® Index (the "Index") for a single day, not for any other period. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund's return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund's stated multiple (2x) times the return of the Fund's Index for the same period. For periods longer than a single day, the Fund will lose money if the Index's performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -31.91%. For the same period, the Index had a total return of -12.80%1 and a volatility of 28.15%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the daily return of the Index. The Index, a modified market capitalization-weighted index, includes 100 of the largest non-financial domestic and international issues listed on Nasdaq.
During the year ended July 31, 2022, the Fund invested in swap agreements and futures contracts as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund's advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraNasdaq-100 ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -31.91 | % | 26.00 | % | 30.28 | % | ||||||
Service | -32.60 | % | 24.75 | % | 28.99 | % | ||||||
Nasdaq-100 Index® | -12.80 | % | 18.20 | % | 18.54 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.51 | % | 1.51 | % | ||||||||
Service | 2.51 | % | 2.51 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 70 | % | ||
Futures Contracts | 3 | % | ||
Swap Agreements | 127 | % | ||
Total Exposure | 200 | % |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management or collateral for securities loaned.
Largest Equity Holdings
Company | % of Net Assets | |||
Apple, Inc. | 9.4 | % | ||
Microsoft Corp. | 7.5 | % | ||
Alphabet, Inc. | 5.1 | % | ||
Amazon.com, Inc. | 4.9 | % | ||
Tesla, Inc. | 3.3 | % |
Nasdaq-100® Index – Composition
% of Index | ||||
Information Technology | 52 | % | ||
Consumer Discretionary | 16 | % | ||
Communication Services | 16 | % | ||
Consumer Staples | 6 | % | ||
Health Care | 6 | % | ||
Industrials | 3 | % | ||
Utilities | 1 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
60 :: UltraShort China ProFund :: Management Discussion of Fund Performance (unaudited)
UltraShort China ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) the return of the S&P China Select ADR Index (USD)1 (the "Index") for a single day, not for any other period. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund's return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund's stated multiple (-2x) times the return of the Fund's Index for the same period. For periods longer than a single day, the Fund will lose money if the Index's performance is flat, and it is possible that the Fund will lose money even if the level of the Index falls. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -28.99%. For the same period, the Index had a total return of -36.15%2 and a volatility of 56.50%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index.3
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the inverse of the daily return of the Index. The Index is a free-float adjusted, market capitalization-weighted index. The Index is designed to track the performance of a basket of Chinese companies who have depositary receipts that trade on a U.S. exchange or on Nasdaq. The Index is expressed in U.S. dollar terms and as such should generally reflect the relative movement of the U.S. dollar against the foreign currencies represented by the constituent companies in the Index.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for shorting stocks in order to gain inverse leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and benefited from financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund's advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraShort China ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -28.99 | % | -25.17 | % | -30.13 | % | ||||||
Service | -29.58 | % | -25.91 | % | -30.84 | % | ||||||
S&P China Select ADR Index (USD) | -36.15 | % | -7.37 | % | 2.67 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 4.54 | % | 1.78 | % | ||||||||
Service | 5.54 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Swap Agreements | (200 | )% | ||
Total Exposure | (200 | )% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The UltraShort China ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
S&P China Select ADR Index (USD) – Composition
Industry Breakdown | % of Index | |||
Consumer Discretionary | 51 | % | ||
Communication Services | 20 | % | ||
Energy | 9 | % | ||
Industrials | 5 | % | ||
Financials | 5 | % | ||
Information Technology | 5 | % | ||
Health Care | 3 | % | ||
Real Estate | 2 | % |
Country Composition | ||||
China | 100 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value ("NAV") will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | Prior to April 1, 2022, the S&P China Select ADR Index (USD) was known as the S&P/BNY Mellon China Select ADR Index (USD). |
2 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
3 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: UltraShort Dow 30 ProFund :: 61
UltraShort Dow 30 ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the return of the Dow Jones Industrial Average® Index (the "Index") for a single day, not for any other period. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund's return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund's stated multiple (-2x) times the return of the Fund's Index for the same period. For periods longer than a single day, the Fund will lose money if the Index's performance is flat, and it is possible that the Fund will lose money even if the level of the Index falls. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -0.39%. For the same period, the Index had a total return of -4.14%1 and a volatility of 17.00%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the inverse of the daily return of the Index. The Index is a price-weighted index. The Index includes 30 large-cap, "blue-chip" U.S. stocks, excluding utility and transportation companies. Components are selected through a discretionary process with no pre-determined criteria except that components should be established U.S. companies that are leaders in their industries, have an excellent reputation, demonstrate sustained growth, are of interest to a large number of investors, and accurately represents the sectors covered by the average. The Index is not limited to traditionally defined industrial stocks. Instead, the Index serves as a measure of the entire U.S. market, covering such diverse industries as financial services, technology, retail, entertainment, and consumer goods. Composition changes are rare, and generally occur only after corporate acquisitions or other dramatic shifts in a component's core business. When such an event necessitates that one component be replaced, the entire Index is reviewed.
During the year ended July 31, 2022, the Fund invested in swap agreements and futures contracts as a substitute for shorting stocks in order to gain inverse leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and benefited from financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund's advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraShort Dow 30 ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -0.39 | % | -27.80 | % | -27.36 | % | ||||||
Service | -1.34 | % | -28.51 | % | -28.10 | % | ||||||
Dow Jones Industrial Average® | -4.14 | % | 10.86 | % | 12.31 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 2.47 | % | 1.78 | % | ||||||||
Service | 3.47 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Swap Agreements | (204 | )% | ||
Total Exposure | (204 | )% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The UltraShort Dow 30 ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
Dow Jones Industrial Average® – Composition
% of Index | ||||
Health Care | 21 | % | ||
Information Technology | 21 | % | ||
Financials | 15 | % | ||
Industrials | 14 | % | ||
Consumer Discretionary | 14 | % | ||
Consumer Staples | 8 | % | ||
Energy | 3 | % | ||
Communication Services | 3 | % | ||
Materials | 1 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
62 :: UltraShort Emerging Markets ProFund :: Management Discussion of Fund Performance (unaudited)
UltraShort Emerging Markets ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) the return of the S&P Emerging Markets 50 ADR Index (USD)1 (the "Index") for a single day, not for any other period. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund's return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund's stated multiple (-2x) times the return of the Fund's Index for the same period. For periods longer than a single day, the Fund will lose money if the Index's performance is flat, and it is possible that the Fund will lose money even if the level of the Index falls. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of 24.75%. For the same period, the Index had a total return of -23.07%2 and a volatility of 30.18%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index.3
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the inverse of the daily return of the Index. The Index is a free-float adjusted, market capitalization-weighted index. The Index is designed to track the performance of a basket of companies who have their primary equity listing on a stock exchange of an emerging market country and who also have depositary receipts that trade on a U.S. exchange or on Nasdaq. The Index consists of companies from the following emerging market countries: Brazil, China, India, Indonesia, Mexico, South Africa, South Korea and Taiwan. The Index is expressed in U.S. dollar terms and as such should generally reflect the relative movement of the U.S. dollar against the basket of foreign currencies represented by the constituent companies in the Index.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for shorting stocks in order to gain inverse leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and benefited from financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund's advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraShort Emerging Markets ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | 24.75 | % | -19.68 | % | -19.11 | % | ||||||
Service | 23.52 | % | -20.47 | % | -19.90 | % | ||||||
S&P Emerging 50 ADR Index (USD) | -23.07 | % | 1.12 | % | 2.67 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 5.39 | % | 1.78 | % | ||||||||
Service | 6.39 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Swap Agreements | (200 | )% | ||
Total Exposure | (200 | )% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The UltraShort Emerging Markets ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
S&P Emerging 50 ADR Index (USD) – Composition
Industry Breakdown | % of Index | |||
Information Technology | 29 | % | ||
Financials | 22 | % | ||
Consumer Discretionary | 18 | % | ||
Materials | 10 | % | ||
Communication Services | 10 | % | ||
Energy | 6 | % | ||
Industrials | 2 | % | ||
Consumer Staples | 2 | % | ||
Health Care | 1 | % |
Country Composition | ||||
China | 28 | % | ||
Taiwan | 24 | % | ||
India | 22 | % | ||
Brazil | 13 | % | ||
Other | 13 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value ("NAV") will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | Prior to April 1, 2022, the S&P Emerging 50 ADR Index (USD) was known as the S&P/BNY Mellon Emerging 50 ADR Index (USD). |
2 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
3 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: UltraShort International ProFund :: 63
UltraShort International ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the return of the Morgan Stanley Capital International Europe, Australasia and Far East ("MSCI EAFE®") Index (the "Index") for a single day, not for any other period. Since the foreign markets are not open when this Fund values its shares, it determines its success in meeting this investment objective by comparing its daily return on a given day with the daily performance of related futures contracts traded in the United States. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund's return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund's stated multiple (-2x) times the return of the Fund's Index for the same period. For periods longer than a single day, the Fund will lose money if the Index's performance is flat, and it is possible that the Fund will lose money even if the level of the Index falls. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of 18.50%. For the same period, the Index had a total return of -14.32%1 and a volatility of 17.05%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the U.S.-traded MSCI EAFE futures contract.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the inverse of the daily return of the Index. The Index includes 85% of free-float adjusted, market capitalization in each industry group in developed market countries, excluding the U.S. and Canada. As of July 31, 2022, the Index has constituent companies from the following 21 developed market countries: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom. The Index levels and the price of the related futures contracts are expressed in U.S. dollar terms and as such they should generally reflect the relative movement of the U.S. dollar against the basket of foreign currencies represented by the constituent companies in the Index.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for shorting stocks in order to gain inverse leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and benefited from financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund's advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraShort International ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | 18.50 | % | -14.77 | % | -19.15 | % | ||||||
Service | 17.30 | % | -15.61 | % | -19.97 | % | ||||||
MSCI EAFE® Index | -14.32 | % | 2.61 | % | 5.79 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 3.13 | % | 1.78 | % | ||||||||
Service | 4.13 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Swap Agreements | (194 | )% | ||
Total Exposure | (194 | )% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The UltraShort International ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
MSCI EAFE® Index – Composition
Industry Breakdown | % of Index | |||
Financials | 18 | % | ||
Industrials | 15 | % | ||
Health Care | 13 | % | ||
Consumer Discretionary | 12 | % | ||
Consumer Staples | 11 | % | ||
Information Technology | 8 | % | ||
Materials | 7 | % | ||
Communication Services | 5 | % | ||
Energy | 5 | % | ||
Utilities | 3 | % | ||
Real Estate | 3 | % |
Country Composition | ||||
Japan | 22 | % | ||
United Kingdom | 16 | % | ||
France | 11 | % | ||
Switzerland | 10 | % | ||
Other | 41 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the U.S.-traded MSCI EAFE futures contract and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
64 :: UltraShort Japan ProFund :: Management Discussion of Fund Performance (unaudited)
UltraShort Japan ProFund (the "Fund") 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 "Index") for a single day, not for any other period. Since the Japanese markets are not open when this Fund values its shares, it determines its success in meeting this investment objective by comparing its daily return on a given day with the daily performance of related, dollar-denominated futures contracts traded in the United States. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund's return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund's stated multiple (-2x) times the return of the Fund's Index for the same period. For periods longer than a single day, the Fund will lose money if the Index's performance is flat, and it is possible that the Fund will lose money even if the level of the Index falls. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -18.75%. For the same period, the Index had a total return of -14.67%1, as measured in unhedged U.S. Dollar terms, or 3.92%1 in local (Japanese yen) terms and a volatility of 20.16%. The U.S. dollar-denominated Nikkei futures contracts held in the Fund are not directly impacted by the dollar/yen exchange rate, which may cause the Fund to over or underperform versus the performance of the Index measured in unhedged U.S. dollar terms, depending upon whether the U.S. dollar rises or falls in value versus the yen. During the year, the Fund was generally not exposed to fluctuations in the dollar/yen exchange rate. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the U.S.-traded U.S. dollar-denominated futures contract on the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the inverse of the daily return of the Index. The Index is a modified price-weighted index of the 225 most actively traded and liquid Japanese stocks traded in the First Section of the Tokyo Stock Exchange.
During the year ended July 31, 2022, the Fund invested in swap agreements and futures contracts as a substitute for shorting stocks in order to gain inverse leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and benefited from financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund's advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraShort Japan ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -18.75 | % | -26.42 | % | -33.23 | % | ||||||
Service | -19.71 | % | -27.18 | % | -33.89 | % | ||||||
Nikkei 225 Stock Average - USD | -14.67 | % | 4.92 | % | 8.47 | % | ||||||
Nikkei 225 Stock Average - JPY | 3.92 | % | 8.99 | % | 14.46 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 8.91 | % | 1.78 | % | ||||||||
Service | 9.91 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Futures Contracts | (70 | )% | ||
Swap Agreements | (127 | )% | ||
Total Exposure | (197 | )% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The UltraShort Japan ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
Nikkei 225 Stock Average – Composition
% of Index | ||||
Consumer Discretionary | 21 | % | ||
Information Technology | 20 | % | ||
Industrials | 19 | % | ||
Health Care | 12 | % | ||
Communication Services | 11 | % | ||
Consumer Staples | 6 | % | ||
Materials | 6 | % | ||
Financials | 3 | % | ||
Real Estate | 2 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends in the Index. Unhedged U.S. dollar performance is calculated by converting U.S. dollars to Yen at the beginning of the period and to U.S. dollars at the end of the period. "Local (Yen)" returns are theoretical Index returns experienced by local residents living in Japan. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the U.S.-traded U.S. dollar-denominated futures contract on the index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: UltraShort Latin America ProFund :: 65
UltraShort Latin America ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) the return of the S&P Latin America 35 ADR Index (USD)1 (the "Index") for a single day, not for any other period. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund's return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund's stated multiple (-2x) times the return of the Fund's Index for the same period. For periods longer than a single day, the Fund will lose money if the Index's performance is flat, and it is possible that the Fund will lose money even if the level of the Index falls. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -10.61%. For the same period, the Index had a total return of -5.20%2 and a volatility of 26.37%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index.3
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the inverse of the daily return of the Index. The Index is a free-float adjusted, market capitalization-weighted index. The Index is designed to track the performance of a basket of companies who have their primary equity listing on a stock exchange of a Latin American country and who also have depositary receipts that trade on a U.S. exchange or on Nasdaq. The Index consists of companies from the following emerging market countries: Argentina, Brazil, Chile, Colombia, Mexico and Peru. The Index is expressed in U.S. dollar terms and as such should generally reflect the relative movement of the U.S. dollar against the basket of foreign currencies represented by the constituent companies in the Index.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for shorting stocks in order to gain inverse leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and benefited from financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund's advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraShort Latin America ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -10.61 | % | -25.46 | % | -18.97 | % | ||||||
Service | -11.44 | % | -26.22 | % | -19.77 | % | ||||||
S&P Latin America 35 ADR Index (USD) | -5.20 | % | -0.85 | % | -2.46 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 3.28 | % | 1.78 | % | ||||||||
Service | 4.28 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Swap Agreements | (200 | )% | ||
Total Exposure | (200 | )% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The UltraShort Latin America ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
S&P Latin America 35 ADR Index (USD) – Composition
Industry Breakdown | % of Index | |||
Materials | 33 | % | ||
Energy | 17 | % | ||
Financials | 16 | % | ||
Consumer Staples | 13 | % | ||
Communication Services | 9 | % | ||
Utilities | 7 | % | ||
Industrials | 5 | % |
Country Composition | ||||
Brazil | 69 | % | ||
Mexico | 20 | % | ||
Chile | 8 | % | ||
Colombia | 3 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value ("NAV") will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | Prior to April 1, 2022, the S&P Latin America 35 ADR Index (USD) was known as the S&P/BNY Mellon Latin America 35 ADR Index (USD). |
2 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
3 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
66 :: UltraShort Mid-Cap ProFund :: Management Discussion of Fund Performance (unaudited)
UltraShort Mid-Cap ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the return of the S&P MidCap 400® Index (the "Index") for a single day, not for any other period. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund's return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund's stated multiple (-2x) times the return of the Fund's Index for the same period. For periods longer than a single day, the Fund will lose money if the Index's performance is flat, and it is possible that the Fund will lose money even if the level of the Index falls. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -4.48%. For the same period, the Index had a total return of -5.70%1 and a volatility of 22.63%. For the year, the Fund achieved an average daily statistical correlation of 0.99 to twice the inverse of the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the inverse of the daily return of the Index. The Index is a measure of mid-size company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 400 U.S. operating companies and real estate investment trusts through a process that factors criteria such as liquidity, price, market capitalization, and financial viability. Reconstitution occurs both on a quarterly and ongoing basis.
During the year ended July 31, 2022, the Fund invested in swap agreements and futures contracts as a substitute for shorting stocks in order to gain inverse leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and benefited from financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund's advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraShort Mid-Cap ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -4.48 | % | -28.62 | % | -29.28 | % | ||||||
Service | -5.29 | % | -29.27 | % | -29.98 | % | ||||||
S&P MidCap 400® | -5.70 | % | 9.06 | % | 12.05 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 3.22 | % | 1.78 | % | ||||||||
Service | 4.22 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Futures Contracts | (17 | )% | ||
Swap Agreements | (187 | )% | ||
Total Exposure | (204 | )% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The UltraShort Mid-Cap ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
S&P MidCap 400® – Composition
% of Index | ||||
Industrials | 18 | % | ||
Financials | 14 | % | ||
Consumer Discretionary | 14 | % | ||
Information Technology | 13 | % | ||
Health Care | 10 | % | ||
Real Estate | 9 | % | ||
Materials | 7 | % | ||
Energy | 5 | % | ||
Utilities | 4 | % | ||
Consumer Staples | 4 | % | ||
Communication Services | 2 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: UltraShort Nasdaq-100 ProFund :: 67
UltraShort Nasdaq-100 ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the return of the Nasdaq-100® Index (the "Index") for a single day, not for any other period. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund's return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund's stated multiple (-2x) times the return of the Fund's Index for the same period. For periods longer than a single day, the Fund will lose money if the Index's performance is flat, and it is possible that the Fund will lose money even if the level of the Index falls. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of 0.64%. For the same period, the Index had a total return of -12.80%1 and a volatility of 28.15%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the inverse of the daily return of the Index. The Index, a modified market capitalization-weighted index, includes 100 of the largest non-financial domestic and international issues listed on Nasdaq.
During the year ended July 31, 2022, the Fund invested in swap agreements and futures contracts as a substitute for shorting stocks in order to gain inverse leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and benefited from financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund's advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraShort Nasdaq-100 ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | 0.64 | % | -40.54 | % | -37.51 | % | ||||||
Service | -0.40 | % | -41.12 | % | -38.12 | % | ||||||
Nasdaq-100® Index | -12.80 | % | 18.20 | % | 18.54 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 1.78 | % | 1.78 | % | ||||||||
Service | 2.78 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Futures Contracts | (3 | )% | ||
Swap Agreements | (198 | )% | ||
Total Exposure | (201 | )% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The UltraShort Nasdaq-100 ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
Nasdaq-100® Index – Composition
% of Index | ||||
Information Technology | 52 | % | ||
Consumer Discretionary | 16 | % | ||
Communication Services | 16 | % | ||
Consumer Staples | 6 | % | ||
Health Care | 6 | % | ||
Industrials | 3 | % | ||
Utilities | 1 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
68 :: UltraShort Small-Cap ProFund :: Management Discussion of Fund Performance (unaudited)
UltraShort Small-Cap ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the return of the Russell 2000® Index (the "Index") for a single day, not for any other period. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund's return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund's stated multiple (-2x) times the return of the Fund's Index for the same period. For periods longer than a single day, the Fund will lose money if the Index's performance is flat, and it is possible that the Fund will lose money even if the level of the Index falls. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of 10.87%. For the same period, the Index had a total return of -14.29%1 and a volatility of 25.54%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the inverse of the daily return of the Index. The Index is a measure of small-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index containing approximately 2,000 of the smallest companies in the Russell 3000® Index or approximately 8% of the total market capitalization of the Russell 3000® Index, which in turn represents approximately 98% of the investable U.S. equity market.
During the year ended July 31, 2022, the Fund invested in swap agreements and futures contracts as a substitute for shorting stocks in order to gain inverse leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and benefited from financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund's advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraShort Small-Cap ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | 10.87 | % | -28.69 | % | -29.75 | % | ||||||
Service | 9.69 | % | -29.39 | % | -30.48 | % | ||||||
Russell 2000® Index | -14.29 | % | 7.12 | % | 10.60 | % |
Expense Ratios**
Fund | Gross | Net | ||||||||||
Investor | 2.10 | % | 1.78 | % | ||||||||
Service | 3.10 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Swap Agreements | (200 | )% | ||
Total Exposure | (200 | )% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The UltraShort Small-Cap ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
Russell 2000® Index – Composition
% of Index | ||||
Financials | 19 | % | ||
Health Care | 17 | % | ||
Industrials | 15 | % | ||
Information Technology | 13 | % | ||
Consumer Discretionary | 10 | % | ||
Real Estate | 7 | % | ||
Energy | 6 | % | ||
Materials | 4 | % | ||
Utilities | 3 | % | ||
Consumer Staples | 3 | % | ||
Communication Services | 3 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund's performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: UltraSmall-Cap ProFund :: 69
UltraSmall-Cap ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the return of the Russell 2000® Index (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (2x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -32.91%. For the same period, the Index had a total return of -14.29%1 and a volatility of 25.54%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as twice the daily return of the Index. The Index is a measure of small-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index containing approximately 2,000 of the smallest companies in the Russell 3000® Index or approximately 8% of the total market capitalization of the Russell 3000® Index, which in turn represents approximately 98% of the investable U.S. equity market.
During the year ended July 31, 2022, the Fund invested in swap agreements and futures contracts as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the UltraSmall-Cap ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -32.91 | % | 3.01 | % | 13.25 | % | ||||||
Service | -33.56 | % | 1.97 | % | 12.11 | % | ||||||
Russell 2000® Index | -14.29 | % | 7.12 | % | 10.60 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 1.62 | % | 1.62 | % | ||||
Service | 2.62 | % | 2.62 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 67 | % | ||
Futures Contracts | 18 | % | ||
Swap Agreements | 115 | % | ||
Total Exposure | 200 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Largest Equity Holdings
Company | % of Net Assets | |||
Biohaven Pharmaceutical Holding Co., Ltd. | 0.2 | % | ||
Shockwave Medical, Inc. | 0.2 | % | ||
Chart Industries, Inc. | 0.2 | % | ||
RBC Bearings, Inc. | 0.2 | % | ||
Halozyme Therapeutics, Inc. | 0.2 | % |
Russell 2000® Index – Composition
% of Index | ||||
Financials | 19 | % | ||
Health Care | 17 | % | ||
Industrials | 15 | % | ||
Information Technology | 13 | % | ||
Consumer Discretionary | 10 | % | ||
Real Estate | 7 | % | ||
Energy | 6 | % | ||
Materials | 4 | % | ||
Utilities | 3 | % | ||
Consumer Staples | 3 | % | ||
Communication Services | 3 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Index. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in the index calculations. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
70 :: U.S. Government Plus ProFund :: Management Discussion of Fund Performance (unaudited)
U.S. Government Plus ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-quarter times (1.25x) the daily movement of the most recently issued 30-year U.S. Treasury Bond (the “Long Bond”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s returns for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (1.25x) times the return of the Long Bond for the same period. For periods longer than a single day, the Fund will lose money if the Long Bond’s performance is flat, and it is possible that the Fund will lose money even if the level of the Long Bond rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of -26.76%. For the same period, the Long Bond, as measured by the Ryan Labs Returns Treasury Yield Curve 30 Year Index1, had a total return of -24.45%2 and a volatility of 22.22%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-quarter times the daily price movement of the Long Bond.3
The Fund takes positions in debt instruments and/or derivatives that, in combination, should have similar daily return characteristics as one and one-quarter times the daily price movement of the Long Bond. The Long Bond is the longest term outstanding 30-year bond issued by the U.S. Treasury. As of July 31, 2022, the most recent Long Bond carried a maturity date of 05/15/52 and a 2.875% coupon.
During the year ended July 31, 2022, the Fund invested in swap agreements and futures contracts as a substitute for investing directly in bonds in order to gain leveraged exposure to the Long Bond. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the U.S. Government Plus ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | -26.76 | % | -0.88 | % | -0.37 | % | ||||||
Service | -27.49 | % | -1.88 | % | -1.38 | % | ||||||
Ryan Labs Returns Treasury Yield Curve 30 Year Index | -24.45 | % | 0.19 | % | 0.69 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 1.51 | % | 1.51 | % | ||||
Service | 2.51 | % | 2.51 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings
Market Exposure
Investment Type | % of Net Assets | |||
Swap Agreements | 124 | % | ||
Total Exposure | 124 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Holdings
The U.S. Government Plus ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities.
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The Ryan Labs Returns Treasury Yield Curve 30 Year Index is an index that consists of public obligations of the U.S. Treasury consisting of a single security, the latest issued on-the-run 30-year U.S. Treasury bond. This Index reflects both price return and yield. It does not reflect the impact of transaction costs nor the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees. It is not possible to invest directly in an index. |
2 | The Long Bond reflects a yield component. It does not reflect the impact of transaction and financing costs, nor the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees. The Fund’s performance reflects a yield component, the impact of transaction and financing costs and the deduction of fees and expenses. |
3 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Long Bond and the performance of the daily total return of the NAV per share of the Fund. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
Management Discussion of Fund Performance (unaudited) :: Utilities UltraSector ProFund :: 71
Utilities UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the return of the Dow Jones U.S. UtilitiesSM Index (the “Index”) for a single day, not for any other period. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund’s return for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s stated multiple (1.5x) times the return of the Fund’s Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises. For the year ended July 31, 2022, the Fund (Investor Class shares) had a total return of 19.73%. For the same period, the Index had a total return of 15.31%1 and a volatility of 17.22%. For the year, the Fund achieved an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index.2
The Fund takes positions in financial instruments that, in combination, should have similar daily return characteristics as one and one-half times the daily return of the Index. The Index measures the performance of the utilities sector of the U.S. equity market. Component companies include, among others, electric utilities, gas utilities, and water utilities.
During the year ended July 31, 2022, the Fund invested in swap agreements as a substitute for investing directly in stocks in order to gain leveraged exposure to the Index. These derivatives generally tracked the performance of their underlying benchmark and were negatively impacted by financing costs associated with their use. The Fund entered into swap agreements with counterparties that the Fund’s advisor determined to be major, global financial institutions. If a counterparty becomes insolvent or otherwise fails to perform on its obligations, the value of investments in the Fund may decline. The Fund has sought to mitigate this risk by generally requiring counterparties to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to the amount the counterparty owed to the Fund, subject to certain minimum thresholds.
Value of a $10,000 Investment at Net Asset Value*
* | The line graph represents the historical performance of a hypothetical investment of $10,000 in the Utilities UltraSector ProFund from July 31, 2012 to July 31, 2022, assuming the reinvestment of distributions. |
Average Annual Total Return as of 7/31/22
Fund | One Year | Five Year | Ten Year | |||||||||
Investor | 19.73 | % | 10.14 | % | 12.33 | % | ||||||
Service | 18.54 | % | 9.10 | % | 11.24 | % | ||||||
Dow Jones U.S. UtilitiesSM Index | 15.31 | % | 9.97 | % | 10.87 | % | ||||||
S&P 500® | -4.64 | % | 12.83 | % | 13.80 | % |
Expense Ratios**
Fund | Gross | Net | ||||||
Investor | 2.06 | % | 1.78 | % | ||||
Service | 3.06 | % | 2.78 | % |
** | Reflects the expense ratio as reported in the Prospectus dated November 30, 2021. Contractual fee waivers are in effect through November 30, 2022. See Financial Highlights for effective expense ratios. |
Allocation of Portfolio Holdings & Index Composition
Market Exposure
Investment Type | % of Net Assets | |||
Equity Securities | 71 | % | ||
Swap Agreements | 80 | % | ||
Total Exposure | 151 | % |
“Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management.
Largest Equity Holdings
Company | % of Net Assets | |||
NextEra Energy, Inc. | 10.1 | % | ||
Duke Energy Corp. | 5.2 | % | ||
The Southern Co. | 5.0 | % | ||
Dominion Energy, Inc. | 4.0 | % | ||
Sempra Energy | 3.2 | % |
Dow Jones U.S. UtilitiesSM Index – Composition
% of Index | ||||
Electric Utilities | 61 | % | ||
Multi-Utilities | 29 | % | ||
Gas Utilities | 4 | % | ||
Water Utilities | 3 | % | ||
Independent Power and Renewable Electricity Producers | 3 | % |
Past performance does not guarantee future results. Return calculations assume the reinvestment of distributions and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and NAV will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The performance above reflects any fee reductions during the applicable periods. If such fee reductions had not occurred, the quoted performance would be lower. To obtain performance current to the most recent month-end, please visit www.ProFunds.com.
1 | The graph and table reflect the theoretical reinvestment of dividends on securities in the Indexes. The impact of transaction costs and the deduction of fees and expenses associated with a mutual fund, such as investment management and accounting fees, are not reflected in calculations of the indexes. The Fund’s performance reflects the reinvestment of dividends as well as the impact of transaction costs and the deduction of fees and expenses. It is not possible to invest directly in an index. |
2 | 1.00 equals perfect correlation. This calculation is based on the daily total return of the Index and the performance of the daily total return of the NAV per share of the Fund. |
3 | The S&P 500® is an unmanaged index that consists of the common stocks of 500 major U.S. corporations selected for their size and the frequency and ease with which their stocks trade. |
The above information is not covered by the Report of the Independent Registered Public Accounting Firm.
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Expense Examples
74 :: Expense Examples (unaudited)
As a ProFund shareholder, you may incur two types of costs: (1) transaction costs, including wire redemption fees; and (2) ongoing costs, including management fees; distribution and services (12b-1) fees; and other ProFund expenses. These examples are intended to help you understand your ongoing costs (in dollars) of investing in a ProFund and to compare these costs with the ongoing cost of investing in other mutual funds. Please note that the expenses shown in the table below are meant to highlight your ongoing costs only and do not reflect any transactional costs. If these transactional costs were included, your costs would have been higher. Therefore, the examples are useful in comparing ongoing costs only and will not help you determine the relative total cost of owning different funds.
Actual Expenses
The actual examples are based on an investment of $1,000 invested at the beginning of a six-month period and held throughout the period ended July 31, 2022.
The columns below under the heading entitled “Actual” provide information about actual account values and actual expenses. You may use this information, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the table under the heading entitled “Actual Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
Hypothetical Expenses for Comparison Purpose
The hypothetical expense examples are based on an investment of $1,000 invested at the beginning of a six-month period and held throughout the period ended July 31, 2022.
The columns below under the heading entitled “Hypothetical” provide information about hypothetical account values and hypothetical expenses based on each ProFund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not each ProFund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your ProFund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Actual | Hypothetical (5% return before expenses)* | |||||||||||||||||||||||
Annualized Expense Ratio During Period | Beginning Account Value 2/1/22 | Ending Account Value 7/31/22 | Expenses Paid During Period* | Ending Account Value 7/31/22 | Expenses Paid During Period* | |||||||||||||||||||
Access Flex Bear High Yield ProFund – Investor | 1.78 | % | $ | 1,000.00 | $ | 1,043.40 | $ | 9.02 | $ | 1,015.97 | $ | 8.90 | ||||||||||||
Access Flex Bear High Yield ProFund – Service | 2.78 | % | 1,000.00 | 1,037.70 | 14.05 | 1,011.01 | 13.86 | |||||||||||||||||
Access Flex High Yield ProFund – Investor | 1.78 | % | 1,000.00 | 942.00 | 8.57 | 1,015.97 | 8.90 | |||||||||||||||||
Access Flex High Yield ProFund – Service | 2.78 | % | 1,000.00 | 937.60 | 13.36 | 1,011.01 | 13.86 | |||||||||||||||||
Banks UltraSector ProFund – Investor | 1.92 | % | 1,000.00 | 705.20 | 8.12 | 1,015.27 | 9.59 | |||||||||||||||||
Banks UltraSector ProFund – Service | 2.92 | % | 1,000.00 | 701.70 | 12.32 | 1,010.71 | 14.55 | |||||||||||||||||
Basic Materials UltraSector ProFund – Investor | 1.95 | % | 1,000.00 | 918.00 | 9.27 | 1,015.12 | 9.74 | |||||||||||||||||
Basic Materials UltraSector ProFund – Service | 2.95 | % | 1,000.00 | 913.60 | 14.00 | 1,010.17 | 14.70 | |||||||||||||||||
Bear ProFund – Investor | 1.63 | % | 1,000.00 | 1,050.50 | 8.29 | 1,016.71 | 8.15 | |||||||||||||||||
Bear ProFund – Service | 2.63 | % | 1,000.00 | 1,045.70 | 13.34 | 1,011.75 | 13.12 | |||||||||||||||||
Biotechnology UltraSector ProFund – Investor | 1.54 | % | 1,000.00 | 947.30 | 7.44 | 1,017.16 | 7.70 | |||||||||||||||||
Biotechnology UltraSector ProFund – Service | 2.54 | % | 1,000.00 | 942.70 | 12.23 | 1,012.20 | 12.67 | |||||||||||||||||
Bitcoin Strategy ProFund – Investor | 1.32 | % | 1,000.00 | 610.70 | 5.27 | 1,018.25 | 6.61 | |||||||||||||||||
Bull ProFund – Investor | 1.60 | % | 1,000.00 | 912.50 | 7.59 | 1,016.86 | 8.00 | |||||||||||||||||
Bull ProFund – Service | 2.60 | % | 1,000.00 | 908.50 | 12.30 | 1,011.90 | 12.97 | |||||||||||||||||
Communication Services UltraSector ProFund – Investor | 1.78 | % | 1,000.00 | 647.30 | 7.27 | 1,015.97 | 8.90 | |||||||||||||||||
Communication Services UltraSector ProFund – Service | 2.78 | % | 1,000.00 | 644.00 | 11.33 | 1,011.01 | 13.86 |
Expense Examples (unaudited) :: 75
Actual | Hypothetical (5% return before expenses)* | |||||||||||||||||||||||
Annualized Expense Ratio During Period | Beginning Account Value 2/1/22 | Ending Account Value 7/31/22 | Expenses Paid During Period* | Ending Account Value 7/31/22 | Expenses Paid During Period* | |||||||||||||||||||
Consumer Goods UltraSector ProFund – Investor | 1.80 | % | $ | 1,000.00 | $ | 872.20 | $ | 8.36 | $ | 1,015.87 | $ | 9.00 | ||||||||||||
Consumer Goods UltraSector ProFund – Service | 2.79 | % | 1,000.00 | 868.00 | 12.92 | 1,010.96 | 13.91 | |||||||||||||||||
Consumer Services UltraSector ProFund – Investor | 1.60 | % | 1,000.00 | 769.60 | 7.02 | 1,016.86 | 8.00 | |||||||||||||||||
Consumer Services UltraSector ProFund – Service | 2.60 | % | 1,000.00 | 765.70 | 11.38 | 1,011.90 | 12.97 | |||||||||||||||||
Europe 30 ProFund – Investor | 1.78 | % | 1,000.00 | 905.80 | 8.41 | 1,015.97 | 8.90 | |||||||||||||||||
Europe 30 ProFund – Service | 2.78 | % | 1,000.00 | 901.20 | 13.10 | 1,011.01 | 13.86 | |||||||||||||||||
Falling U.S. Dollar ProFund – Investor | 1.78 | % | 1,000.00 | 903.30 | 8.40 | 1,015.97 | 8.90 | |||||||||||||||||
Falling U.S. Dollar ProFund – Service | 2.78 | % | 1,000.00 | 898.70 | 13.09 | 1,011.01 | 13.86 | |||||||||||||||||
Financials UltraSector ProFund – Investor | 1.83 | % | 1,000.00 | 824.90 | 8.28 | 1,015.72 | 9.15 | |||||||||||||||||
Financials UltraSector ProFund – Service | 2.83 | % | 1,000.00 | 820.60 | 12.77 | 1,010.76 | 14.11 | |||||||||||||||||
Health Care UltraSector ProFund – Investor | 1.72 | % | 1,000.00 | 989.80 | 8.49 | 1,016.27 | 8.60 | |||||||||||||||||
Health Care UltraSector ProFund – Service | 2.72 | % | 1,000.00 | 984.90 | 13.39 | 1,011.31 | 13.56 | |||||||||||||||||
Industrials UltraSector ProFund – Investor | 1.82 | % | 1,000.00 | 876.10 | 8.47 | 1,015.77 | 9.10 | |||||||||||||||||
Industrials UltraSector ProFund – Service | 2.82 | % | 1,000.00 | 871.80 | 13.09 | 1,010.81 | 14.06 | |||||||||||||||||
Internet UltraSector ProFund – Investor | 1.58 | % | 1,000.00 | 575.30 | 6.17 | 1,016.96 | 7.90 | |||||||||||||||||
Internet UltraSector ProFund – Service | 2.58 | % | 1,000.00 | 572.40 | 10.06 | 1,012.00 | 12.87 | |||||||||||||||||
Large-Cap Growth ProFund – Investor | 1.80 | % | 1,000.00 | 883.00 | 8.40 | 1,015.87 | 9.00 | |||||||||||||||||
Large-Cap Growth ProFund – Service | 2.79 | % | 1,000.00 | 878.70 | 13.00 | 1,010.96 | 13.91 | |||||||||||||||||
Large-Cap Value ProFund – Investor | 1.55 | % | 1,000.00 | 946.20 | 7.48 | 1,017.11 | 7.75 | |||||||||||||||||
Large-Cap Value ProFund – Service | 2.55 | % | 1,000.00 | 941.40 | 12.27 | 1,012.15 | 12.72 | |||||||||||||||||
Mid-Cap Growth ProFund – Investor | 1.95 | % | 1,000.00 | 935.50 | 9.36 | 1,015.12 | 9.74 | |||||||||||||||||
Mid-Cap Growth ProFund – Service | 2.95 | % | 1,000.00 | 930.80 | 14.12 | 1,010.17 | 14.70 | |||||||||||||||||
Mid-Cap ProFund – Investor | 1.78 | % | 1,000.00 | 952.20 | 8.62 | 1,015.97 | 8.90 | |||||||||||||||||
Mid-Cap ProFund – Service | 2.78 | % | 1,000.00 | 947.60 | 13.42 | 1,011.01 | 13.86 | |||||||||||||||||
Mid-Cap Value ProFund – Investor | 1.78 | % | 1,000.00 | 968.50 | 8.69 | 1,015.97 | 8.90 | |||||||||||||||||
Mid-Cap Value ProFund – Service | 2.78 | % | 1,000.00 | 963.70 | 13.54 | 1,011.01 | 13.86 | |||||||||||||||||
Nasdaq-100 ProFund – Investor | 1.54 | % | 1,000.00 | 857.00 | 7.09 | 1,017.16 | 7.70 | |||||||||||||||||
Nasdaq-100 ProFund – Service | 2.54 | % | 1,000.00 | 852.80 | 11.67 | 1,012.20 | 12.67 | |||||||||||||||||
Oil & Gas UltraSector ProFund – Investor | 1.50 | % | 1,000.00 | 1,302.20 | 8.56 | 1,017.36 | 7.50 | |||||||||||||||||
Oil & Gas UltraSector ProFund – Service | 2.50 | % | 1,000.00 | 1,296.00 | 14.23 | 1,012.40 | 12.47 | |||||||||||||||||
Oil Equipment & Services UltraSector ProFund – Investor | 1.64 | % | 1,000.00 | 1,037.90 | 8.29 | 1,016.66 | 8.20 | |||||||||||||||||
Oil Equipment & Services UltraSector ProFund – Service | 2.64 | % | 1,000.00 | 1,032.80 | 13.31 | 1,011.70 | 13.17 | |||||||||||||||||
Pharmaceuticals UltraSector ProFund – Investor | 1.78 | % | 1,000.00 | 993.10 | 8.80 | 1,015.97 | 8.90 | |||||||||||||||||
Pharmaceuticals UltraSector ProFund – Service | 2.78 | % | 1,000.00 | 988.10 | 13.70 | 1,011.01 | 13.86 | |||||||||||||||||
Precious Metals UltraSector ProFund – Investor | 1.55 | % | 1,000.00 | 750.60 | 6.73 | 1,017.11 | 7.75 | |||||||||||||||||
Precious Metals UltraSector ProFund – Service | 2.55 | % | 1,000.00 | 747.10 | 11.05 | 1,012.15 | 12.72 |
76 :: Expense Examples (unaudited)
Actual | Hypothetical (5% return before expenses)* | |||||||||||||||||||||||
Annualized Expense Ratio During Period | Beginning Account Value 2/1/22 | Ending Account Value 7/31/22 | Expenses Paid During Period* | Ending Account Value 7/31/22 | Expenses Paid During Period* | |||||||||||||||||||
Real Estate UltraSector ProFund – Investor | 1.15 | % | $ | 1,000.00 | $ | 904.60 | $ | 5.43 | $ | 1,019.09 | $ | 5.76 | ||||||||||||
Real Estate UltraSector ProFund – Service | 2.15 | % | 1,000.00 | 900.10 | 10.13 | 1,014.13 | 10.74 | |||||||||||||||||
Rising Rates Opportunity ProFund – Investor | 1.50 | % | 1,000.00 | 1,223.90 | 8.27 | 1,017.36 | 7.50 | |||||||||||||||||
Rising Rates Opportunity ProFund – Service | 2.50 | % | 1,000.00 | 1,218.20 | 13.75 | 1,012.40 | 12.47 | |||||||||||||||||
Rising Rates Opportunity 10 ProFund – Investor | 1.78 | % | 1,000.00 | 1,060.70 | 9.09 | 1,015.97 | 8.90 | |||||||||||||||||
Rising Rates Opportunity 10 ProFund – Service | 2.78 | % | 1,000.00 | 1,056.00 | 14.17 | 1,011.01 | 13.86 | |||||||||||||||||
Rising U.S. Dollar ProFund – Investor | 1.78 | % | 1,000.00 | 1,084.60 | 9.20 | 1,015.97 | 8.90 | |||||||||||||||||
Rising U.S. Dollar ProFund – Service | 2.78 | % | 1,000.00 | 1,078.80 | 14.33 | 1,011.01 | 13.86 | |||||||||||||||||
Semiconductor UltraSector ProFund – Investor | 1.55 | % | 1,000.00 | 746.90 | 6.71 | 1,017.11 | 7.75 | |||||||||||||||||
Semiconductor UltraSector ProFund – Service | 2.55 | % | 1,000.00 | 743.10 | 11.02 | 1,012.15 | 12.72 | |||||||||||||||||
Short Bitcoin Strategy ProFund – Investor(a) | 1.88 | % | 1,000.00 | 826.00 | 1.88 | 1,015.47 | 9.39 | |||||||||||||||||
Short Nasdaq-100 ProFund – Investor | 1.78 | % | 1,000.00 | 1,081.00 | 9.18 | 1,015.97 | 8.90 | |||||||||||||||||
Short Nasdaq-100 ProFund – Service | 2.78 | % | 1,000.00 | 1,072.80 | 14.29 | 1,011.01 | 13.86 | |||||||||||||||||
Short Oil & Gas ProFund – Investor | 1.78 | % | 1,000.00 | 760.60 | 7.77 | 1,015.97 | 8.90 | |||||||||||||||||
Short Oil & Gas ProFund – Service | 2.78 | % | 1,000.00 | 757.60 | 12.11 | 1,011.01 | 13.86 | |||||||||||||||||
Short Precious Metals ProFund – Investor | 1.78 | % | 1,000.00 | 1,103.70 | 9.28 | 1,015.97 | 8.90 | |||||||||||||||||
Short Precious Metals ProFund – Service | 2.78 | % | 1,000.00 | 1,098.10 | 14.46 | 1,011.01 | 13.86 | |||||||||||||||||
Short Real Estate ProFund – Investor | 1.78 | % | 1,000.00 | 1,022.70 | 8.93 | 1,015.97 | 8.90 | |||||||||||||||||
Short Real Estate ProFund – Service | 2.78 | % | 1,000.00 | 1,015.90 | 13.90 | 1,011.01 | 13.86 | |||||||||||||||||
Short Small-Cap ProFund – Investor | 1.78 | % | 1,000.00 | 1,016.50 | 8.90 | 1,015.97 | 8.90 | |||||||||||||||||
Short Small-Cap ProFund – Service | 2.78 | % | 1,000.00 | 1,011.60 | 13.87 | 1,011.01 | 13.86 | |||||||||||||||||
Small-Cap Growth ProFund – Investor | 1.98 | % | 1,000.00 | 937.70 | 9.51 | 1,014.98 | 9.89 | |||||||||||||||||
Small-Cap Growth ProFund – Service | 2.98 | % | 1,000.00 | 933.20 | 14.28 | 1,010.02 | 14.85 | |||||||||||||||||
Small-Cap ProFund – Investor | 1.78 | % | 1,000.00 | 924.60 | 8.49 | 1,015.97 | 8.90 | |||||||||||||||||
Small-Cap ProFund – Service | 2.78 | % | 1,000.00 | 920.30 | 13.24 | 1,011.01 | 13.86 | |||||||||||||||||
Small-Cap Value ProFund – Investor | 1.73 | % | 1,000.00 | 965.50 | 8.43 | 1,016.22 | 8.65 | |||||||||||||||||
Small-Cap Value ProFund – Service | 2.73 | % | 1,000.00 | 960.70 | 13.27 | 1,011.26 | 13.61 | |||||||||||||||||
Technology UltraSector ProFund – Investor | 1.57 | % | 1,000.00 | 756.00 | 6.84 | 1,017.01 | 7.85 | |||||||||||||||||
Technology UltraSector ProFund – Service | 2.57 | % | 1,000.00 | 752.20 | 11.17 | 1,012.05 | 12.82 | |||||||||||||||||
Telecommunications UltraSector ProFund – Investor | 1.78 | % | 1,000.00 | 839.70 | 8.12 | 1,015.97 | 8.90 | |||||||||||||||||
Telecommunications UltraSector ProFund – Service | 2.78 | % | 1,000.00 | 835.50 | 12.65 | 1,011.01 | 13.86 | |||||||||||||||||
UltraBear ProFund – Investor | 1.78 | % | 1,000.00 | 1,073.10 | 9.15 | 1,015.97 | 8.90 | |||||||||||||||||
UltraBear ProFund – Service | 2.78 | % | 1,000.00 | 1,067.50 | 14.25 | 1,011.01 | 13.86 | |||||||||||||||||
UltraBull ProFund – Investor | 1.52 | % | 1,000.00 | 812.30 | 6.83 | 1,017.26 | 7.60 | |||||||||||||||||
UltraBull ProFund – Service | 2.52 | % | 1,000.00 | 808.30 | 11.30 | 1,012.30 | 12.57 | |||||||||||||||||
UltraChina ProFund – Investor | 1.81 | % | 1,000.00 | 535.10 | 6.89 | 1,015.82 | 9.05 | |||||||||||||||||
UltraChina ProFund – Service | 2.81 | % | 1,000.00 | 533.00 | 10.68 | 1,010.86 | 14.01 |
Expense Examples (unaudited) :: 77
Actual | Hypothetical (5% return before expenses)* | |||||||||||||||||||||||
Annualized Expense Ratio During Period | Beginning Account Value 2/1/22 | Ending Account Value 7/31/22 | Expenses Paid During Period* | Ending Account Value 7/31/22 | Expenses Paid During Period* | |||||||||||||||||||
UltraDow 30 ProFund – Investor | 1.63 | % | $ | 1,000.00 | $ | 861.20 | $ | 7.52 | $ | 1,016.71 | $ | 8.15 | ||||||||||||
UltraDow 30 ProFund – Service | 2.63 | % | 1,000.00 | 856.90 | 12.11 | 1,011.75 | 13.12 | |||||||||||||||||
UltraEmerging Markets ProFund – Investor | 1.95 | % | 1,000.00 | 666.20 | 8.06 | 1,015.12 | 9.74 | |||||||||||||||||
UltraEmerging Markets ProFund – Service | 2.95 | % | 1,000.00 | 663.10 | 12.16 | 1,010.17 | 14.70 | |||||||||||||||||
UltraInternational ProFund – Investor | 1.78 | % | 1,000.00 | 750.50 | 7.73 | 1,015.97 | 8.90 | |||||||||||||||||
UltraInternational ProFund – Service | 2.78 | % | 1,000.00 | 746.80 | 12.04 | 1,011.01 | 13.86 | |||||||||||||||||
UltraJapan ProFund – Investor | 1.80 | % | 1,000.00 | 1,028.60 | 9.05 | 1,015.87 | 9.00 | |||||||||||||||||
UltraJapan ProFund – Service | 2.80 | % | 1,000.00 | 1,023.60 | 14.05 | 1,010.91 | 13.96 | |||||||||||||||||
UltraLatin America ProFund – Investor | 1.80 | % | 1,000.00 | 919.80 | 8.57 | 1,015.87 | 9.00 | |||||||||||||||||
UltraLatin America ProFund – Service | 2.80 | % | 1,000.00 | 914.90 | 13.29 | 1,010.91 | 13.96 | |||||||||||||||||
UltraMid-Cap ProFund – Investor | 1.61 | % | 1,000.00 | 879.40 | 7.50 | 1,016.81 | 8.05 | |||||||||||||||||
UltraMid-Cap ProFund – Service | 2.61 | % | 1,000.00 | 874.80 | 12.13 | 1,011.85 | 13.02 | |||||||||||||||||
UltraNasdaq-100 ProFund – Investor | 1.56 | % | 1,000.00 | 702.20 | 6.58 | 1,017.06 | 7.80 | |||||||||||||||||
UltraNasdaq-100 ProFund – Service | 2.56 | % | 1,000.00 | 698.60 | 10.78 | 1,012.10 | 12.77 | |||||||||||||||||
UltraShort China ProFund – Investor | 1.78 | % | 1,000.00 | 574.30 | 6.95 | 1,015.97 | 8.90 | |||||||||||||||||
UltraShort China ProFund – Service | 2.78 | % | 1,000.00 | 572.20 | 10.84 | 1,011.01 | 13.86 | |||||||||||||||||
UltraShort Dow 30 ProFund – Investor | 1.78 | % | 1,000.00 | 1,057.70 | 9.08 | 1,015.97 | 8.90 | |||||||||||||||||
UltraShort Dow 30 ProFund – Service | 2.78 | % | 1,000.00 | 1,051.90 | 14.14 | 1,011.01 | 13.86 | |||||||||||||||||
UltraShort Emerging Markets ProFund – Investor | 1.78 | % | 1,000.00 | 1,142.60 | 9.46 | 1,015.97 | 8.90 | |||||||||||||||||
UltraShort Emerging Markets ProFund – Service | 2.78 | % | 1,000.00 | 1,137.30 | 14.73 | 1,011.01 | 13.86 | |||||||||||||||||
UltraShort International ProFund – Investor | 1.78 | % | 1,000.00 | 1,161.60 | 9.54 | 1,015.97 | 8.90 | |||||||||||||||||
UltraShort International ProFund – Service | 2.78 | % | 1,000.00 | 1,155.70 | 14.86 | 1,011.01 | 13.86 | |||||||||||||||||
UltraShort Japan ProFund – Investor | 1.78 | % | 1,000.00 | 857.60 | 8.20 | 1,015.97 | 8.90 | |||||||||||||||||
UltraShort Japan ProFund – Service | 2.78 | % | 1,000.00 | 852.50 | 12.77 | 1,011.01 | 13.86 | |||||||||||||||||
UltraShort Latin America ProFund – Investor | 1.78 | % | 1,000.00 | 910.70 | 8.43 | 1,015.97 | 8.90 | |||||||||||||||||
UltraShort Latin America ProFund – Service | 2.78 | % | 1,000.00 | 907.70 | 13.15 | 1,011.01 | 13.86 | |||||||||||||||||
UltraShort Mid-Cap ProFund – Investor | 1.78 | % | 1,000.00 | 969.70 | 8.69 | 1,015.97 | 8.90 | |||||||||||||||||
UltraShort Mid-Cap ProFund – Service | 2.78 | % | 1,000.00 | 965.50 | 13.55 | 1,011.01 | 13.86 | |||||||||||||||||
UltraShort Nasdaq-100 ProFund – Investor | 1.57 | % | 1,000.00 | 1,086.70 | 8.12 | 1,017.01 | 7.85 | |||||||||||||||||
UltraShort Nasdaq-100 ProFund – Service | 2.57 | % | 1,000.00 | 1,081.90 | 13.27 | 1,012.05 | 12.82 | |||||||||||||||||
UltraShort Small-Cap ProFund – Investor | 1.78 | % | 1,000.00 | 1,008.80 | 8.87 | 1,015.97 | 8.90 | |||||||||||||||||
UltraShort Small-Cap ProFund – Service | 2.78 | % | 1,000.00 | 1,004.10 | 13.81 | 1,011.01 | 13.86 | |||||||||||||||||
UltraSmall-Cap ProFund – Investor | 1.74 | % | 1,000.00 | 827.00 | 7.88 | 1,016.17 | 8.70 | |||||||||||||||||
UltraSmall-Cap ProFund – Service | 2.74 | % | 1,000.00 | 823.10 | 12.39 | 1,011.21 | 13.66 | |||||||||||||||||
U.S. Government Plus ProFund – Investor | 1.54 | % | 1,000.00 | 776.20 | 6.78 | 1,017.16 | 7.70 | |||||||||||||||||
U.S. Government Plus ProFund – Service | 2.54 | % | 1,000.00 | 772.40 | 11.16 | 1,012.20 | 12.67 |
78 :: Expense Examples (unaudited)
Actual | Hypothetical (5% return before expenses)* | |||||||||||||||||||||||
Annualized Expense Ratio During Period | Beginning Account Value 2/1/22 | Ending Account Value 7/31/22 | Expenses Paid During Period* | Ending Account Value 7/31/22 | Expenses Paid During Period* | |||||||||||||||||||
Utilities UltraSector ProFund – Investor | 1.67 | % | $ | 1,000.00 | $ | 1,101.70 | $ | 8.70 | $ | 1,016.51 | $ | 8.35 | ||||||||||||
Utilities UltraSector ProFund – Service | 2.67 | % | 1,000.00 | 1,096.20 | 13.88 | 1,011.55 | 13.32 |
* | Expenses are equal to the average account value over the period multiplied by the Fund’s annualized expense ratio, multiplied by 181/365 (the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year). |
(a) | The Short Bitcoin Strategy ProFund commenced operations on June 21, 2022. Information shown for this ProFund in the columns above entitled “Actual” reflect values using the expense ratios and rates of return for the 40-day period from June 21, 2022 through July 31, 2022. |
Schedules of Portfolio Investments
80 :: Access Flex Bear High Yield ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Repurchase Agreements(a) (80.3%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $1,781,323 | $ | 1,781,000 | $ | 1,781,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $1,781,000) | 1,781,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $1,781,000)—80.3% | 1,781,000 | |||||||
Net other assets (liabilities)—19.7% | 436,258 | |||||||
NET ASSETS—100.0% | $ | 2,217,258 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
Futures Contracts Sold
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||||
5-Year U.S. Treasury Note Futures Contracts | 16 | 10/03/22 | $ | (1,820,250 | ) | $ | (14,465 | ) |
Centrally Cleared Swap Agreements
Credit Default Swap Agreements—Buy Protection(1)
Underlying Instrument* | Payment Frequency | Fixed Deal Pay Rate | Maturity Date | Implied Credit Spread at July 31, 2022(2) | Notional Amount(3) | Value | Premiums Paid (Received) | Unrealized Appreciation/ (Depreciation) | Variation Margin | |||||||||||||||||||||||
CDX North America High Yield Index Swap Agreement; Series 38 | Daily | 5.00 | % | 6/20/27 | 4.73 | % | $ | 2,256,210 | ** | $ | (26,419 | ) | $ | (26,372 | ) | $ | (47 | ) | $ | (4,353 | ) |
* | As of July 31, 2022, the CDX North America High Yield Index included securities which had defaulted and represented 1% of the Index. |
** | Reflects the notional amount after the default of securities. |
(1) | When a credit event occurs as defined under the terms of the swap agreement, the Fund as a buyer of credit protection will either (i) receive from the seller of protection an amount equal to the par value of the defaulted reference entity and deliver the reference entity or (ii) receive a net amount equal to the par value of the defaulted reference entity less its recovery value. |
(2) | Implied credit spread, represented in absolute terms, utilized in determining the value of the credit default swap agreements as of period end will serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default or other credit event for the credit derivative. The implied credit spread of a referenced entity reflects the cost of buying/selling protection and may include payments required to be made to enter into the agreement. Generally, wider credit spreads represent a perceived deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the swap agreement. |
(3) | The notional amount represents the maximum potential amount the Fund may receive as a buyer of credit protection if a credit event occurs, as defined under the terms of the swap agreement, for each security included in the CDX North America High Yield Index. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Access Flex High Yield ProFund :: 81
U.S. Treasury Obligation (58.5%)
Principal Amount | Value | |||||||
U.S. Treasury Note, 3.25%, 6/30/27 | $ | 7,455,000 | $ | 7,641,375 | ||||
TOTAL U.S. TREASURY OBLIGATION (Cost $7,523,526) | 7,641,375 | |||||||
Repurchase Agreements(a) (31.5%) | ||||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $4,123,749 | 4,123,000 | 4,123,000 | ||||||
TOTAL REPURCHASE AGREEMENTS (Cost $4,123,000) | 4,123,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $11,646,526)—90.0% | 11,764,375 | |||||||
Net other assets (liabilities)—10.0% | 1,314,076 | |||||||
NET ASSETS—100.0% | $ | 13,078,451 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
Futures Contracts Purchased
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||||
5-Year U.S. Treasury Note Futures Contracts | 10 | 10/03/22 | $ | 1,137,656 | $ | 7,788 |
Centrally Cleared Swap Agreements
Credit Default Swap Agreements—Sell Protection(1)
Underlying Instrument* | Payment Frequency | Fixed Deal Pay Rate | Maturity Date | Implied Credit Spread at July 31, 2022(2) | Notional Amount(3) | Value | Premiums Paid (Received) | Unrealized Appreciation/ (Depreciation) | Variation Margin | |||||||||||||||||||||||
CDX North America High Yield Index Swap Agreement; Series 38 | Daily | 5.00 | % | 6/20/27 | 4.69 | % | $ | 11,523,600 | ** | $ | 134,869 | $ | 230,206 | $ | (95,337 | ) | $ | 20,611 |
* | As of July 31, 2022, the CDX North America High Yield Index included securities which had defaulted and represented 1% of the Index. |
** | Reflects the notional amount after the default of securities. |
(1) | When a credit event occurs as defined under the terms of the swap agreement, the Fund as a seller of credit protection will either (i) pay to the buyer of protection an amount equal to the par value of the defaulted reference entity and take delivery the reference entity or (ii) pay a net amount equal to the par value of the defaulted reference entity less its recovery value. |
(2) | Implied credit spread, represented in absolute terms, utilized in determining the value of the credit default swap agreements as of period end will serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default or other credit event for the credit derivative. The implied credit spread of a referenced entity reflects the cost of buying/selling protection and may include payments required to be made to enter into the agreement. Generally, wider credit spreads represent a perceived deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the swap agreement. |
(3) | The notional amount represents the maximum potential amount the Fund may receive as a seller of credit protection if a credit event occurs, as defined under the terms of the swap agreement, for each security included in the CDX North America High Yield Index. |
See accompanying notes to the financial statements.
82 :: Banks UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (81.2%)
Shares | Value | |||||||
Bank of America Corp. (Banks) | 33,837 | $ | 1,144,028 | |||||
Bank OZK (Banks) | 539 | 21,614 | ||||||
BOK Financial Corp. (Banks) | 143 | 12,588 | ||||||
Citigroup, Inc. (Banks) | 9,268 | 481,008 | ||||||
Citizens Financial Group, Inc. (Banks) | 2,340 | 88,850 | ||||||
Comerica, Inc. (Banks) | 624 | 48,528 | ||||||
Commerce Bancshares, Inc. (Banks) | 524 | 36,413 | ||||||
Cullen/Frost Bankers, Inc. (Banks) | 272 | 35,469 | ||||||
East West Bancorp, Inc. (Banks) | 678 | 48,667 | ||||||
F.N.B. Corp. (Banks) | 1,609 | 19,244 | ||||||
Fifth Third Bancorp (Banks) | 3,274 | 111,709 | ||||||
First Citizens BancShares, Inc.—Class A (Banks) | 64 | 48,428 | ||||||
First Financial Bankshares, Inc. (Banks) | 613 | 27,082 | ||||||
First Horizon Corp. (Banks) | 2,552 | 57,072 | ||||||
First Republic Bank (Banks) | 856 | 139,280 | ||||||
Glacier Bancorp, Inc. (Banks) | 518 | 25,947 | ||||||
Home BancShares, Inc. (Banks) | 903 | 21,311 | ||||||
Huntington Bancshares, Inc. (Banks) | 6,868 | 91,276 | ||||||
JPMorgan Chase & Co. (Banks) | 14,017 | 1,617,000 | ||||||
KeyCorp (Banks) | 4,449 | 81,417 | ||||||
M&T Bank Corp. (Banks) | 856 | 151,897 | ||||||
New York Community Bancorp, Inc. (Thrifts & Mortgage Finance) | 2,228 | 23,661 | ||||||
Pinnacle Financial Partners, Inc. (Banks) | 365 | 28,872 | ||||||
Popular, Inc. (Banks) | 366 | 28,427 | ||||||
Prosperity Bancshares, Inc. (Banks) | 440 | 32,600 | ||||||
Regions Financial Corp. (Banks) | 4,459 | 94,442 | ||||||
Signature Bank (Banks) | 301 | 55,857 | ||||||
SVB Financial Group* (Banks) | 281 | 113,398 | ||||||
Synovus Financial Corp. (Banks) | 694 | 28,024 | ||||||
TFS Financial Corp. (Thrifts & Mortgage Finance) | 227 | 3,326 | ||||||
The PNC Financial Services Group, Inc. (Banks) | 1,974 | 327,565 | ||||||
Truist Financial Corp. (Banks) | 6,354 | 320,686 | ||||||
U.S. Bancorp (Banks) | 6,453 | 304,582 | ||||||
UMB Financial Corp. (Banks) | 205 | 18,553 | ||||||
Umpqua Holdings Corp. (Banks) | 1,035 | 18,226 | ||||||
United Bankshares, Inc. (Banks) | 648 | 25,104 | ||||||
Valley National Bancorp (Banks) | 2,004 | 23,427 | ||||||
Webster Financial Corp. (Banks) | 850 | 39,483 | ||||||
Wells Fargo & Co. (Banks) | 18,089 | 793,563 | ||||||
Western Alliance Bancorp (Banks) | 516 | 39,412 | ||||||
Wintrust Financial Corp. (Banks) | 287 | 24,693 | ||||||
Zions Bancorp (Banks) | 723 | 39,440 | ||||||
TOTAL COMMON STOCKS (Cost $1,914,315) | 6,692,169 |
Repurchase Agreements(a)(b) (18.1%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $1,489,270 | $ | 1,489,000 | $ | 1,489,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $1,489,000) | 1,489,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $3,403,315)—99.3% | 8,181,169 | |||||||
Net other assets (liabilities)—0.7% | 58,896 | |||||||
NET ASSETS—100.0% | $ | 8,240,065 |
* | Non-income producing security. |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $682,000. |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones U.S. Banks Index | Goldman Sachs International | 8/23/22 | 2.93 | % | $ | 3,023,148 | $ | 19,880 | ||||||||
Dow Jones U.S. Banks Index | UBS AG | 8/23/22 | 2.68 | % | 2,575,101 | 17,746 | ||||||||||
$ | 5,598,249 | $ | 37,626 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Banks UltraSector ProFund :: 83
Banks UltraSector ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Banks | $ | 6,665,182 | 80.9 | % | ||||
Thrifts & Mortgage Finance | 26,987 | 0.3 | % | |||||
Other** | 1,547,896 | 18.8 | % | |||||
Total | $ | 8,240,065 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
84 :: Basic Materials UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (77.5%)
Shares | Value | |||||||
Air Products & Chemicals, Inc. (Chemicals) | 1,109 | $ | 275,287 | |||||
Albemarle Corp. (Chemicals) | 586 | 143,166 | ||||||
Alcoa Corp. (Metals & Mining) | 922 | 46,921 | ||||||
Ashland, Inc. (Chemicals) | 254 | 25,519 | ||||||
Axalta Coating Systems, Ltd.* (Chemicals) | 1,040 | 26,229 | ||||||
Celanese Corp. (Chemicals) | 542 | 63,690 | ||||||
CF Industries Holdings, Inc. (Chemicals) | 1,044 | 99,692 | ||||||
Cleveland-Cliffs, Inc.* (Metals & Mining) | 2,388 | 42,291 | ||||||
Commercial Metals Co. (Metals & Mining) | 607 | 24,049 | ||||||
Corteva, Inc. (Chemicals) | 3,621 | 208,389 | ||||||
Dow, Inc. (Chemicals) | 3,642 | 193,791 | ||||||
DuPont de Nemours, Inc. (Chemicals) | 2,544 | 155,769 | ||||||
Eastman Chemical Co. (Chemicals) | 645 | 61,875 | ||||||
Ecolab, Inc. (Chemicals) | 1,243 | 205,306 | ||||||
Element Solutions, Inc. (Chemicals) | 1,090 | 21,538 | ||||||
FMC Corp. (Chemicals) | 630 | 69,993 | ||||||
Freeport-McMoRan, Inc. (Metals & Mining) | 7,250 | 228,738 | ||||||
Ginkgo Bioworks Holdings, Inc.*(a) (Chemicals) | 4,805 | 13,742 | ||||||
Huntsman Corp. (Chemicals) | 996 | 28,844 | ||||||
Ingevity Corp.* (Chemicals) | 194 | 13,017 | ||||||
International Flavors & Fragrances, Inc. (Chemicals) | 1,275 | 158,164 | ||||||
Linde PLC (Chemicals) | 2,518 | 760,437 | ||||||
LyondellBasell Industries N.V.—Class A (Chemicals) | 1,295 | 115,410 | ||||||
MP Materials Corp.* (Metals & Mining) | 372 | 12,488 | ||||||
NewMarket Corp. (Chemicals) | 34 | 10,567 | ||||||
Newmont Corp. (Metals & Mining) | 3,971 | 179,807 | ||||||
Nucor Corp. (Metals & Mining) | 1,331 | 180,750 | ||||||
Olin Corp. (Chemicals) | 694 | 36,275 | ||||||
PPG Industries, Inc. (Chemicals) | 1,182 | 152,821 | ||||||
Reliance Steel & Aluminum Co. (Metals & Mining) | 310 | 58,978 | ||||||
Royal Gold, Inc. (Metals & Mining) | 329 | 34,469 | ||||||
RPM International, Inc. (Chemicals) | 648 | 58,579 | ||||||
Steel Dynamics, Inc. (Metals & Mining) | 897 | 69,858 | ||||||
Sylvamo Corp. (Paper & Forest Products) | 176 | 6,906 | ||||||
The Chemours Co. (Chemicals) | 778 | 27,689 | ||||||
The Mosaic Co. (Chemicals) | 1,811 | 95,367 | ||||||
The Scotts Miracle-Gro Co.—Class A (Chemicals) | 203 | 18,057 | ||||||
United States Steel Corp. (Metals & Mining) | 1,303 | 30,816 | ||||||
Valvoline, Inc. (Chemicals) | 891 | 28,708 | ||||||
Westlake Chemical Corp. (Chemicals) | 167 | 16,256 | ||||||
TOTAL COMMON STOCKS (Cost $1,599,646) | 4,000,248 |
Repurchase Agreements(b)(c) (17.6%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $908,165 | $ | 908,000 | $ | 908,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $908,000) | 908,000 |
Collateral for Securities Loaned(d) (0.3%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(e) | 14,412 | $ | 14,412 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $14,412) | 14,412 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $2,522,058)—95.4% | 4,922,660 | |||||||
Net other assets (liabilities)—4.6% | 239,547 | |||||||
NET ASSETS—100.0% | $ | 5,162,207 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $13,739. |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $523,000. |
(d) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(e) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones U.S. Basic Materials Index | Goldman Sachs International | 8/23/22 | 2.93 | % | $ | 1,396,287 | $ | 60,594 | ||||||||
Dow Jones U.S. Basic Materials Index | UBS AG | 8/23/22 | 2.68 | % | 2,295,030 | 97,534 | ||||||||||
$ | 3,691,317 | $ | 158,128 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Basic Materials UltraSector ProFund :: 85
Basic Materials UltraSector ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Chemicals | $ | 3,084,177 | 59.8 | % | ||||
Metals & Mining | 909,165 | 17.6 | % | |||||
Paper & Forest Products | 6,906 | 0.1 | % | |||||
Other** | 1,161,959 | 22.5 | % | |||||
Total | $ | 5,162,207 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
86 :: Bear ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Repurchase Agreements(a)(b) (102.6%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $13,023,364 | $ | 13,021,000 | $ | 13,021,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $13,021,000) | 13,021,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $13,021,000)—102.6% | 13,021,000 | |||||||
Net other assets (liabilities)—(2.6)% | (331,496 | ) | ||||||
NET ASSETS—100.0% | $ | 12,689,504 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $1,566,000. |
Futures Contracts Sold
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||||
E-Mini S&P 500 Futures Contracts | 9 | 9/19/22 | $ | (1,860,075 | ) | $ | (121,143 | ) |
Total Return Swap Agreements—Short
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
S&P 500 | Goldman Sachs International | 8/29/22 | (2.68 | )% | $ | (9,404,670 | ) | $ | (253,880 | ) | ||||||
S&P 500 | UBS AG | 8/29/22 | (2.48 | )% | (1,429,080 | ) | (41,980 | ) | ||||||||
$ | (10,833,750 | ) | $ | (295,860 | ) |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Biotechnology UltraSector ProFund :: 87
Common Stocks (76.1%)
Shares | Value | |||||||
10X Genomics, Inc.*—Class A (Life Sciences Tools & Services) | 6,574 | $ | 263,946 | |||||
AbbVie, Inc. (Biotechnology) | 123,677 | 17,748,887 | ||||||
ACADIA Pharmaceuticals, Inc.* (Biotechnology) | 8,248 | 121,163 | ||||||
Agilent Technologies, Inc. (Life Sciences Tools & Services) | 21,004 | 2,816,636 | ||||||
Agios Pharmaceuticals, Inc.* (Biotechnology) | 3,835 | 82,721 | ||||||
Alkermes PLC* (Biotechnology) | 11,438 | 292,813 | ||||||
Allogene Therapeutics, Inc.*(a) (Biotechnology) | 5,226 | 67,833 | ||||||
Alnylam Pharmaceuticals, Inc.* (Biotechnology) | 8,456 | 1,201,090 | ||||||
Amgen, Inc. (Biotechnology) | 37,388 | 9,252,409 | ||||||
Arrowhead Pharmaceuticals, Inc.* (Biotechnology) | 7,400 | 314,722 | ||||||
Avantor, Inc.* (Life Sciences Tools & Services) | 42,717 | 1,239,647 | ||||||
Azenta, Inc. (Semiconductors & Semiconductor Equipment) | 5,248 | 358,228 | ||||||
Beam Therapeutics, Inc.* (Biotechnology) | 3,246 | 204,433 | ||||||
Berkeley Lights, Inc.* (Life Sciences Tools & Services) | 2,943 | 13,214 | ||||||
Biogen, Inc.* (Biotechnology) | 10,250 | 2,204,365 | ||||||
Biohaven Pharmaceutical Holding Co., Ltd.* (Biotechnology) | 4,425 | 646,139 | ||||||
BioMarin Pharmaceutical, Inc.* (Biotechnology) | 12,948 | 1,114,175 | ||||||
Bio-Techne Corp. (Life Sciences Tools & Services) | 2,746 | 1,057,979 | ||||||
Blueprint Medicines Corp.* (Biotechnology) | 4,169 | 212,869 | ||||||
Bridgebio Pharma, Inc.* (Biotechnology) | 7,546 | 65,348 | ||||||
Charles River Laboratories International, Inc.* (Life Sciences Tools & Services) | 3,556 | 890,920 | ||||||
CRISPR Therapeutics AG* (Biotechnology) | 4,987 | 374,025 | ||||||
Danaher Corp. (Health Care Equipment & Supplies) | 45,289 | 13,200,385 | ||||||
Denali Therapeutics, Inc.* (Biotechnology) | 6,540 | 222,491 | ||||||
Emergent BioSolutions, Inc.* (Biotechnology) | 3,130 | 108,423 | ||||||
Exact Sciences Corp.* (Biotechnology) | 12,314 | 555,361 | ||||||
Exelixis, Inc.* (Biotechnology) | 22,448 | 469,612 | ||||||
Fate Therapeutics, Inc.* (Biotechnology) | 5,748 | 175,486 | ||||||
Gilead Sciences, Inc. (Biotechnology) | 87,787 | 5,245,274 | ||||||
Halozyme Therapeutics, Inc.* (Biotechnology) | 9,655 | 472,130 | ||||||
Horizon Therapeutics PLC* (Pharmaceuticals) | 16,089 | 1,334,904 | ||||||
Illumina, Inc.* (Life Sciences Tools & Services) | 10,995 | 2,382,397 | ||||||
Incyte Corp.* (Biotechnology) | 13,177 | 1,023,589 | ||||||
Intellia Therapeutics, Inc.* (Biotechnology) | 4,937 | 319,720 | ||||||
Ionis Pharmaceuticals, Inc.* (Biotechnology) | 9,924 | 372,745 | ||||||
IQVIA Holdings, Inc.* (Life Sciences Tools & Services) | 13,247 | 3,182,856 | ||||||
Maravai LifeSciences Holdings, Inc.*—Class A (Life Sciences Tools & Services) | 7,641 | 199,354 | ||||||
Medpace Holdings, Inc.* (Life Sciences Tools & Services) | 1,884 | 319,395 | ||||||
Mettler-Toledo International, Inc.* (Life Sciences Tools & Services) | 1,587 | 2,142,022 | ||||||
Mirati Therapeutics, Inc.* (Biotechnology) | 3,498 | 225,271 | ||||||
Moderna, Inc.* (Biotechnology) | 24,220 | 3,974,260 | ||||||
Natera, Inc.* (Biotechnology) | 6,269 | 294,643 | ||||||
Nektar Therapeutics* (Pharmaceuticals) | 13,037 | 51,627 | ||||||
Neurocrine Biosciences, Inc.* (Biotechnology) | 6,689 | 629,636 | ||||||
Novavax, Inc.* (Biotechnology) | 5,469 | 298,115 | ||||||
Pacific Biosciences of California, Inc.* (Life Sciences Tools & Services) | 15,704 | 68,626 | ||||||
Regeneron Pharmaceuticals, Inc.* (Biotechnology) | 7,561 | 4,398,158 | ||||||
Repligen Corp.* (Life Sciences Tools & Services) | 3,608 | 769,803 | ||||||
Sarepta Therapeutics, Inc.* (Biotechnology) | 6,124 | 569,226 | ||||||
Seagen, Inc.* (Biotechnology) | 9,405 | 1,692,712 | ||||||
Sotera Health Co.* (Life Sciences Tools & Services) | 6,928 | 133,018 | ||||||
Syneos Health, Inc.* (Life Sciences Tools & Services) | 7,179 | 568,146 | ||||||
Twist Bioscience Corp.* (Biotechnology) | 3,938 | 172,248 | ||||||
Ultragenyx Pharmaceutical, Inc.* (Biotechnology) | 4,894 | 260,752 | ||||||
United Therapeutics Corp.* (Biotechnology) | 3,170 | 732,492 | ||||||
Vertex Pharmaceuticals, Inc.* (Biotechnology) | 17,900 | 5,019,340 | ||||||
Vir Biotechnology, Inc.* (Biotechnology) | 5,188 | 144,278 | ||||||
West Pharmaceutical Services, Inc. (Health Care Equipment & Supplies) | 5,184 | 1,781,015 | ||||||
TOTAL COMMON STOCKS (Cost $46,990,218) | 94,053,072 |
Repurchase Agreements(b)(c) (23.6%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $29,211,303 | $ | 29,206,000 | $ | 29,206,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $29,206,000) | 29,206,000 |
Collateral for Securities Loaned(d) (0.1%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(e) | 71,844 | $ | 71,844 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $71,844) | 71,844 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $76,268,062)—99.8% | 123,330,916 | |||||||
Net other assets (liabilities)—0.2% | 194,890 | |||||||
NET ASSETS—100.0% | $ | 123,525,806 | ||||||
See accompanying notes to the financial statements.
88 :: Biotechnology UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $67,821. |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $16,865,000. |
(d) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(e) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones U.S. Biotechnology Index | Goldman Sachs International | 8/23/22 | 2.93 | % | $ | 49,946,250 | $ | 503,242 | ||||||||
Dow Jones U.S. Biotechnology Index | UBS AG | 8/23/22 | 2.83 | % | 41,484,156 | 448,529 | ||||||||||
$ | 91,430,406 | $ | 951,771 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
Biotechnology UltraSector ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Biotechnology | $ | 61,278,954 | 49.6 | % | ||||
Health Care Equipment & Supplies | 14,981,400 | 12.1 | % | |||||
Life Sciences Tools & Services | 16,047,959 | 13.0 | % | |||||
Pharmaceuticals | 1,386,531 | 1.1 | % | |||||
Semiconductors & Semiconductor Equipment | 358,228 | 0.3 | % | |||||
Other** | 29,472,734 | 23.9 | % | |||||
Total | $ | 123,525,806 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
July 31, 2022 :: Consolidated Schedule of Portfolio Investments :: Bitcoin Strategy ProFund :: 89
U.S. Treasury Obligation (67.9%)
Principal Amount | Value | |||||||
U.S. Treasury Bills, 1.98%+, 8/18/22^ | $ | 16,000,000 | $ | 15,984,208 | ||||
TOTAL U.S. TREASURY OBLIGATION (Cost $15,987,334) | 15,984,208 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $15,987,334)—67.9% | 15,984,208 | |||||||
Reverse Repurchase Agreements including accrued interest—(67.9)% | (15,988,064 | ) | ||||||
Net other assets (liabilities)—100.0% | 23,551,561 | |||||||
NET ASSETS—100.0% | $ | 23,547,705 |
+ | Reflects the effective yield or interest rate in effect at July 31, 2022. | |
^ | $15,984,208 of this security has been pledged as collateral for reverse repurchase agreements. |
Futures Contracts Purchased
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||||
CME Bitcoin Futures Contracts | 127 | 8/29/22 | $ | 15,233,650 | $ | 1,726,327 | |||||||
CME Bitcoin Futures Contracts | 69 | 10/03/22 | 8,298,975 | 9,245 | |||||||||
$ | 23,532,625 | $ | 1,735,572 |
See accompanying notes to the financial statements.
90 :: Bull ProFund :: Summary Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (72.6%)
Percentage of Net Assets | Shares | Value | ||||||||||
Abbott Laboratories (Health Care Equipment & Supplies) | 0.4 | % | 1,600 | $ | 174,143 | |||||||
AbbVie, Inc. (Biotechnology) | 0.5 | % | 1,614 | 231,626 | ||||||||
Accenture PLC—Class A (IT Services) | 0.4 | % | 578 | 177,018 | ||||||||
Adobe, Inc.* (Software) | 0.4 | % | 431 | 176,762 | ||||||||
Advanced Micro Devices, Inc.* (Semiconductors & Semiconductor Equipment) | 0.3 | % | 1,480 | 139,816 | ||||||||
Alphabet, Inc.—Class A* (Interactive Media & Services) | 1.5 | % | 5,500 | 639,760 | ||||||||
Alphabet, Inc.—Class C* (Interactive Media & Services) | 1.3 | % | 5,040 | 587,866 | ||||||||
Amazon.com, Inc.* (Internet & Direct Marketing Retail) | 2.5 | % | 7,988 | 1,077,980 | ||||||||
Apple, Inc. (Technology Hardware, Storage & Peripherals) | 5.2 | % | 14,037 | 2,281,153 | ||||||||
Bank of America Corp. (Banks) | 0.5 | % | 6,473 | 218,852 | ||||||||
Berkshire Hathaway, Inc.—Class B* (Diversified Financial Services) | 1.1 | % | 1,652 | 496,591 | ||||||||
Bristol-Myers Squibb Co. (Pharmaceuticals) | 0.3 | % | 1,944 | 143,428 | ||||||||
Broadcom, Inc. (Semiconductors & Semiconductor Equipment) | 0.5 | % | 373 | 199,734 | ||||||||
Chevron Corp. (Oil, Gas & Consumable Fuels) | 0.7 | % | 1,794 | 293,820 | ||||||||
Cisco Systems, Inc. (Communications Equipment) | 0.4 | % | 3,792 | 172,043 | ||||||||
Comcast Corp.—Class A (Media) | 0.3 | % | 4,081 | 153,118 | ||||||||
Costco Wholesale Corp. (Food & Staples Retailing) | 0.5 | % | 405 | 219,227 | ||||||||
Danaher Corp. (Health Care Equipment & Supplies) | 0.4 | % | 592 | 172,549 | ||||||||
Eli Lilly & Co. (Pharmaceuticals) | 0.5 | % | 720 | 237,377 | ||||||||
Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 0.9 | % | 3,848 | 372,986 | ||||||||
Intel Corp. (Semiconductors & Semiconductor Equipment) | 0.3 | % | 3,739 | 135,763 | ||||||||
Johnson & Johnson (Pharmaceuticals) | 1.0 | % | 2,405 | 419,721 | ||||||||
JPMorgan Chase & Co. (Banks) | 0.7 | % | 2,683 | 309,510 | ||||||||
Linde PLC (Chemicals) | 0.3 | % | 459 | 138,617 | ||||||||
Mastercard, Inc.—Class A (IT Services) | 0.6 | % | 784 | 277,371 | ||||||||
McDonald's Corp. (Hotels, Restaurants & Leisure) | 0.4 | % | 675 | 177,774 | ||||||||
Merck & Co., Inc. (Pharmaceuticals) | 0.5 | % | 2,310 | 206,375 | ||||||||
Meta Platforms, Inc.—Class A* (Interactive Media & Services) | 0.8 | % | 2,097 | 333,633 | ||||||||
Microsoft Corp. (Software) | 4.4 | % | 6,835 | 1,918,857 | ||||||||
NextEra Energy, Inc. (Electric Utilities) | 0.3 | % | 1,793 | 151,491 | ||||||||
NIKE, Inc.—Class B (Textiles, Apparel & Luxury Goods) | 0.3 | % | 1,158 | 133,077 | ||||||||
NVIDIA Corp. (Semiconductors & Semiconductor Equipment) | 0.9 | % | 2,288 | 415,570 | ||||||||
PepsiCo, Inc. (Beverages) | 0.5 | % | 1,264 | 221,149 | ||||||||
Pfizer, Inc. (Pharmaceuticals) | 0.6 | % | 5,122 | 258,712 | ||||||||
Philip Morris International, Inc. (Tobacco) | 0.3 | % | 1,416 | 137,565 | ||||||||
Qualcomm, Inc. (Semiconductors & Semiconductor Equipment) | 0.3 | % | 1,022 | 148,251 | ||||||||
Salesforce, Inc.* (Software) | 0.4 | % | 908 | 167,090 | ||||||||
Tesla, Inc.* (Automobiles) | 1.6 | % | 767 | 683,742 | ||||||||
Texas Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 0.3 | % | 842 | 150,625 | ||||||||
The Coca-Cola Co. (Beverages) | 0.5 | % | 3,565 | 228,767 | ||||||||
The Home Depot, Inc. (Specialty Retail) | 0.6 | % | 943 | 283,787 | ||||||||
The Procter & Gamble Co. (Household Products) | 0.7 | % | 2,190 | 304,213 | ||||||||
The Walt Disney Co.* (Entertainment) | 0.4 | % | 1,664 | 176,551 | ||||||||
Thermo Fisher Scientific, Inc. (Life Sciences Tools & Services) | 0.5 | % | 357 | 213,632 | ||||||||
UnitedHealth Group, Inc. (Health Care Providers & Services) | 1.1 | % | 857 | 464,786 | ||||||||
Verizon Communications, Inc. (Diversified Telecommunication Services) | 0.4 | % | 3,834 | 177,092 | ||||||||
Visa, Inc.—Class A (IT Services) | 0.7 | % | 1,502 | 318,590 | ||||||||
Walmart, Inc. (Food & Staples Retailing) | 0.4 | % | 1,282 | 169,288 | ||||||||
Wells Fargo & Co. (Banks) | 0.3 | % | 3,465 | 152,010 | ||||||||
Other Common Stocks | 33.7 | % | 166,000 | 14,758,299 | ||||||||
TOTAL COMMON STOCKS (Cost $12,002,441) | 31,797,757 |
Repurchase Agreements(a)(b) (25.5%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $11,194,032 | $ | 11,192,000 | $ | 11,192,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $11,192,000) | 11,192,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $23,194,441)—98.1% | 42,989,757 | |||||||
Net other assets (liabilities)—1.9% | 846,947 | |||||||
NET ASSETS—100.0% | $ | 43,836,704 |
* | Non-income producing security. |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $1,425,000. |
See accompanying notes to the financial statements.
July 31, 2022 :: Summary Schedule of Portfolio Investments :: Bull ProFund :: 91
Futures Contracts Purchased
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||||
E-Mini S&P 500 Futures Contracts | 8 | 9/19/22 | $ | 1,653,400 | $ | 89,558 |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
S&P 500 | Goldman Sachs International | 8/29/22 | 2.93 | % | $ | 4,155,072 | $ | 100,180 | ||||||||
S&P 500 | UBS AG | 8/29/22 | 2.83 | % | 6,137,611 | 163,009 | ||||||||||
$ | 10,292,683 | $ | 263,189 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. | |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
Bull ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Aerospace & Defense | $ | 514,471 | 1.2 | % | ||||
Air Freight & Logistics | 210,682 | 0.5 | % | |||||
Airlines | 63,405 | 0.1 | % | |||||
Auto Components | 34,331 | 0.1 | % | |||||
Automobiles | 785,071 | 1.8 | % | |||||
Banks | 1,149,318 | 2.6 | % | |||||
Beverages | 569,629 | 1.3 | % | |||||
Biotechnology | 637,759 | 1.5 | % | |||||
Building Products | 133,312 | 0.3 | % | |||||
Capital Markets | 923,157 | 2.1 | % | |||||
Chemicals | 556,630 | 1.3 | % | |||||
Commercial Services & Supplies | 150,354 | 0.3 | % | |||||
Communications Equipment | 250,047 | 0.6 | % | |||||
Construction & Engineering | 18,174 | NM | ||||||
Construction Materials | 40,073 | 0.1 | % | |||||
Consumer Finance | 166,509 | 0.4 | % | |||||
Containers & Packaging | 98,186 | 0.2 | % | |||||
Distributors | 46,007 | 0.1 | % | |||||
Diversified Financial Services | 496,591 | 1.1 | % | |||||
Diversified Telecommunication Services | 309,208 | 0.7 | % | |||||
Electric Utilities | 605,199 | 1.4 | % | |||||
Electrical Equipment | 171,750 | 0.4 | % | |||||
Electronic Equipment, Instruments & Components | 206,090 | 0.5 | % | |||||
Energy Equipment & Services | 93,822 | 0.2 | % | |||||
Entertainment | 419,817 | 1.0 | % | |||||
Equity Real Estate Investment Trusts (REITs) | 896,839 | 2.0 | % | |||||
Food & Staples Retailing | 481,847 | 1.1 | % | |||||
Food Products | 339,692 | 0.8 | % | |||||
Gas Utilities | 15,417 | NM | ||||||
Health Care Equipment & Supplies | 1,039,901 | 2.4 | % | |||||
Health Care Providers & Services | 1,069,996 | 2.4 | % | |||||
Hotels, Restaurants & Leisure | 588,567 | 1.3 | % | |||||
Household Durables | 100,782 | 0.2 | % | |||||
Household Products | 440,534 | 1.0 | % | |||||
Independent Power and Renewable Electricity Producers | 13,554 | NM | ||||||
Industrial Conglomerates | 310,688 | 0.7 | % | |||||
Insurance | 645,549 | 1.5 | % | |||||
Interactive Media & Services | 1,609,394 | 3.7 | % | |||||
Internet & Direct Marketing Retail | 1,114,911 | 2.5 | % | |||||
IT Services | 1,400,987 | 3.2 | % | |||||
Leisure Products | 9,446 | NM | ||||||
Life Sciences Tools & Services | 425,568 | 1.0 | % | |||||
Machinery | 504,905 | 1.1 | % | |||||
Media | 261,379 | 0.6 | % | |||||
Metals & Mining | 107,631 | 0.2 | % | |||||
Multiline Retail | 155,096 | 0.4 | % | |||||
Multi-Utilities | 293,091 | 0.7 | % | |||||
Oil, Gas & Consumable Fuels | 1,296,759 | 3.0 | % | |||||
Personal Products | 57,897 | 0.1 | % | |||||
Pharmaceuticals | 1,380,773 | 3.1 | % | |||||
Professional Services | 96,082 | 0.2 | % | |||||
Real Estate Management & Development | 25,515 | 0.1 | % | |||||
Road & Rail | 288,909 | 0.7 | % | |||||
Semiconductors & Semiconductor Equipment | 1,754,921 | 4.0 | % | |||||
Software | 2,846,980 | 6.5 | % | |||||
Specialty Retail | 657,472 | 1.5 | % | |||||
Technology Hardware, Storage & Peripherals | 2,373,096 | 5.4 | % | |||||
Textiles, Apparel & Luxury Goods | 161,974 | 0.4 | % | |||||
Tobacco | 210,109 | 0.5 | % | |||||
Trading Companies & Distributors | 69,135 | 0.2 | % | |||||
Water Utilities | 25,803 | 0.1 | % | |||||
Wireless Telecommunication Services | 76,966 | 0.2 | % | |||||
Other** | 12,038,947 | 27.4 | % | |||||
Total | $ | 43,836,704 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
NM | Not meaningful, amount is less than 0.05%. |
See accompanying notes to the financial statements.
92 :: Communication Services UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (76.6%)
Shares | Value | |||||||
Activision Blizzard, Inc. (Entertainment) | 2,137 | $ | 170,853 | |||||
Alphabet, Inc.*—Class A (Interactive Media & Services) | 3,920 | 455,974 | ||||||
Alphabet, Inc.*—Class C (Interactive Media & Services) | 3,620 | 422,237 | ||||||
AT&T, Inc. (Diversified Telecommunication Services) | 7,903 | 148,418 | ||||||
Charter Communications, Inc.*—Class A (Media) | 345 | 149,074 | ||||||
Comcast Corp.—Class A (Media) | 3,928 | 147,379 | ||||||
DISH Network Corp.*—Class A (Media) | 851 | 14,782 | ||||||
Electronic Arts, Inc. (Entertainment) | 955 | 125,325 | ||||||
Fox Corp.—Class A (Media) | 1,060 | 35,097 | ||||||
Fox Corp.—Class B (Media) | 489 | 15,110 | ||||||
Live Nation Entertainment, Inc.* (Entertainment) | 463 | 43,517 | ||||||
Lumen Technologies, Inc. (Diversified Telecommunication Services) | 3,165 | 34,467 | ||||||
Match Group, Inc.* (Interactive Media & Services) | 971 | 71,184 | ||||||
Meta Platforms, Inc.*—Class A (Interactive Media & Services) | 3,913 | 622,558 | ||||||
Netflix, Inc.* (Entertainment) | 893 | 200,836 | ||||||
News Corp.—Class A (Media) | 1,321 | 22,642 | ||||||
News Corp.—Class B (Media) | 407 | 7,033 | ||||||
Omnicom Group, Inc. (Media) | 698 | 48,748 | ||||||
Paramount Global—Class B (Media) | 2,072 | 49,003 | ||||||
Take-Two Interactive Software, Inc.* (Entertainment) | 537 | 71,276 | ||||||
The Interpublic Group of Cos., Inc. (Media) | 1,338 | 39,966 | ||||||
The Walt Disney Co.* (Entertainment) | 1,644 | 174,428 | ||||||
T-Mobile U.S., Inc.* (Wireless Telecommunication Services) | 1,252 | 179,111 | ||||||
Twitter, Inc.* (Interactive Media & Services) | 2,596 | 108,020 | ||||||
Verizon Communications, Inc. (Diversified Telecommunication Services) | 3,216 | 148,547 | ||||||
Warner Bros Discovery, Inc.* (Entertainment) | 7,522 | 112,830 | ||||||
TOTAL COMMON STOCKS (Cost $3,140,046) | 3,618,415 |
Repurchase Agreements(a)(b) (22.8%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $1,080,196 | $ | 1,080,000 | $ | 1,080,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $1,080,000) | 1,080,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $4,220,046)—99.4% | 4,698,415 | |||||||
Net other assets (liabilities)—0.6% | 30,476 | |||||||
NET ASSETS—100.0% | $ | 4,728,891 |
* | Non-income producing security. |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $717,000. |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
S&P Communication Services Select Sector Index | Goldman Sachs International | 8/23/22 | 2.93 | % | $ | 2,183,878 | $ | 16,219 | ||||||||
S&P Communication Services Select Sector Index | UBS AG | 8/23/22 | 2.68 | % | 1,284,444 | 9,892 | ||||||||||
$ | 3,468,322 | $ | 26,111 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Communication Services UltraSector ProFund :: 93
Communication Services UltraSector ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Diversified Telecommunication Services | $ | 331,432 | 7.0 | % | ||||
Entertainment | 899,065 | 19.0 | % | |||||
Interactive Media & Services | 1,679,973 | 35.6 | % | |||||
Media | 528,834 | 11.2 | % | |||||
Wireless Telecommunication Services | 179,111 | 3.8 | % | |||||
Other** | 1,110,476 | 23.4 | % | |||||
Total | $ | 4,728,891 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
94 :: Consumer Goods UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (74.7%)
Shares | Value | |||||||
Activision Blizzard, Inc. (Entertainment) | 723 | $ | 57,805 | |||||
Altria Group, Inc. (Tobacco) | 1,676 | 73,509 | ||||||
Aptiv PLC* (Auto Components) | 251 | 26,327 | ||||||
Archer-Daniels-Midland Co. (Food Products) | 520 | 43,041 | ||||||
Autoliv, Inc. (Auto Components) | 73 | 6,278 | ||||||
Beyond Meat, Inc.*(a) (Food Products) | 56 | 1,791 | ||||||
BorgWarner, Inc. (Auto Components) | 222 | 8,538 | ||||||
Brown-Forman Corp.—Class B (Beverages) | 169 | 12,543 | ||||||
Brunswick Corp. (Leisure Products) | 69 | 5,528 | ||||||
Bunge, Ltd. (Food Products) | 140 | 12,926 | ||||||
Callaway Golf Co.* (Leisure Products) | 110 | 2,525 | ||||||
Campbell Soup Co. (Food Products) | 187 | 9,228 | ||||||
Capri Holdings, Ltd.* (Textiles, Apparel & Luxury Goods) | 137 | 6,669 | ||||||
Carter's, Inc. (Textiles, Apparel & Luxury Goods) | 36 | 2,933 | ||||||
Church & Dwight Co., Inc. (Household Products) | 225 | 19,793 | ||||||
Colgate-Palmolive Co. (Household Products) | 776 | 61,102 | ||||||
Columbia Sportswear Co. (Textiles, Apparel & Luxury Goods) | 31 | 2,294 | ||||||
Conagra Brands, Inc. (Food Products) | 445 | 15,223 | ||||||
Constellation Brands, Inc.—Class A (Beverages) | 150 | 36,947 | ||||||
Coty, Inc.*—Class A (Personal Products) | 320 | 2,342 | ||||||
Cricut, Inc.*—Class A (Household Durables) | 45 | 303 | ||||||
Crocs, Inc.* (Textiles, Apparel & Luxury Goods) | 57 | 4,083 | ||||||
D.R. Horton, Inc. (Household Durables) | 297 | 23,176 | ||||||
Darling Ingredients, Inc.* (Food Products) | 149 | 10,323 | ||||||
Deckers Outdoor Corp.* (Textiles, Apparel & Luxury Goods) | 25 | 7,830 | ||||||
Electronic Arts, Inc. (Entertainment) | 261 | 34,251 | ||||||
Energizer Holdings, Inc. (Household Products) | 61 | 1,801 | ||||||
Flowers Foods, Inc. (Food Products) | 186 | 5,284 | ||||||
Ford Motor Co. (Automobiles) | 3,658 | 53,736 | ||||||
Fox Factory Holding Corp.* (Auto Components) | 38 | 3,597 | ||||||
Freshpet, Inc.* (Food Products) | 44 | 2,351 | ||||||
General Mills, Inc. (Food Products) | 558 | 41,734 | ||||||
General Motors Co.* (Automobiles) | 1,351 | 48,987 | ||||||
Gentex Corp. (Auto Components) | 218 | 6,152 | ||||||
Genuine Parts Co. (Distributors) | 131 | 20,026 | ||||||
Hanesbrands, Inc. (Textiles, Apparel & Luxury Goods) | 325 | 3,634 | ||||||
Harley-Davidson, Inc. (Automobiles) | 137 | 5,180 | ||||||
Hasbro, Inc. (Leisure Products) | 121 | 9,525 | ||||||
Helen of Troy, Ltd.* (Household Durables) | 22 | 2,943 | ||||||
Herbalife Nutrition, Ltd.* (Personal Products) | 90 | 2,197 | ||||||
Hormel Foods Corp. (Food Products) | 263 | 12,976 | ||||||
Ingredion, Inc. (Food Products) | 61 | 5,550 | ||||||
Kellogg Co. (Food Products) | 234 | 17,297 | ||||||
Keurig Dr Pepper, Inc. (Beverages) | 683 | 26,459 | ||||||
Kimberly-Clark Corp. (Household Products) | 312 | 41,118 | ||||||
Lamb Weston Holding, Inc. (Food Products) | 134 | 10,674 | ||||||
Lancaster Colony Corp. (Food Products) | 19 | 2,515 | ||||||
Lear Corp. (Auto Components) | 56 | 8,464 | ||||||
Leggett & Platt, Inc. (Household Durables) | 123 | 4,876 | ||||||
Lennar Corp.—Class A (Household Durables) | 239 | 20,315 | ||||||
Lennar Corp.—Class B (Household Durables) | 13 | 882 | ||||||
Levi Strauss & Co. (Textiles, Apparel & Luxury Goods) | 91 | 1,722 | ||||||
Lucid Group, Inc.*(a) (Automobiles) | 527 | 9,618 | ||||||
Lululemon Athletica, Inc.* (Textiles, Apparel & Luxury Goods) | 109 | 33,846 | ||||||
Luminar Technologies, Inc.* (Auto Components) | 205 | 1,386 | ||||||
Mattel, Inc.* (Leisure Products) | 327 | 7,586 | ||||||
McCormick & Co., Inc. (Food Products) | 232 | 20,265 | ||||||
Mohawk Industries, Inc.* (Household Durables) | 48 | 6,167 | ||||||
Molson Coors Beverage Co.—Class B (Beverages) | 174 | 10,397 | ||||||
Mondelez International, Inc.—Class A (Food Products) | 1,282 | 82,100 | ||||||
Monster Beverage Corp.* (Beverages) | 348 | 34,668 | ||||||
National Beverage Corp. (Beverages) | 22 | 1,192 | ||||||
Newell Brands, Inc. (Household Durables) | 342 | 6,912 | ||||||
NIKE, Inc.—Class B (Textiles, Apparel & Luxury Goods) | 1,175 | 135,032 | ||||||
NVR, Inc.* (Household Durables) | 3 | 13,179 | ||||||
Olaplex Holdings, Inc.* (Personal Products) | 67 | 1,152 | ||||||
Peloton Interactive, Inc.*—Class A (Leisure Products) | 286 | 2,714 | ||||||
PepsiCo, Inc. (Beverages) | 1,280 | 223,949 | ||||||
Performance Food Group Co.* (Food & Staples Retailing) | 143 | 7,108 | ||||||
Philip Morris International, Inc. (Tobacco) | 1,436 | 139,508 | ||||||
Pilgrim's Pride Corp.* (Food Products) | 45 | 1,412 | ||||||
Playtika Holding Corp.* (Entertainment) | 97 | 1,190 | ||||||
Polaris, Inc. (Leisure Products) | 52 | 6,099 | ||||||
Pool Corp. (Distributors) | 36 | 12,877 | ||||||
Post Holdings, Inc.* (Food Products) | 51 | 4,434 | ||||||
PulteGroup, Inc. (Household Durables) | 221 | 9,640 | ||||||
PVH Corp. (Textiles, Apparel & Luxury Goods) | 62 | 3,839 | ||||||
QuantumScape Corp.* (Auto Components) | 241 | 2,608 | ||||||
Ralph Lauren Corp. (Textiles, Apparel & Luxury Goods) | 42 | 4,142 | ||||||
Reynolds Consumer Products, Inc. (Household Products) | 51 | 1,482 | ||||||
Rivian Automotive, Inc.*—Class A (Automobiles) | 149 | 5,111 | ||||||
ROBLOX Corp.*—Class A (Entertainment) | 40 | 1,717 | ||||||
Skechers U.S.A., Inc.*—Class A (Textiles, Apparel & Luxury Goods) | 124 | 4,707 | ||||||
Stanley Black & Decker, Inc. (Machinery) | 141 | 13,724 | ||||||
Take-Two Interactive Software, Inc.* (Entertainment) | 147 | 19,511 | ||||||
Tapestry, Inc. (Textiles, Apparel & Luxury Goods) | 233 | 7,836 | ||||||
Tempur Sealy International, Inc. (Household Durables) | 163 | 4,479 | ||||||
Tesla, Inc.* (Automobiles) | 778 | 693,547 | ||||||
The Boston Beer Co., Inc.*—Class A (Beverages) | 7 | 2,663 | ||||||
The Clorox Co. (Household Products) | 114 | 16,170 | ||||||
The Coca-Cola Co. (Beverages) | 3,614 | 231,909 | ||||||
The Estee Lauder Co., Inc. (Personal Products) | 214 | 58,444 | ||||||
The Hain Celestial Group, Inc.* (Food Products) | 85 | 1,934 | ||||||
The Hershey Co. (Food Products) | 136 | 31,003 | ||||||
The JM Smucker Co.—Class A (Food Products) | 100 | 13,232 | ||||||
The Kraft Heinz Co. (Food Products) | 657 | 24,197 | ||||||
The Procter & Gamble Co. (Household Products) | 2,223 | 308,797 | ||||||
Thor Industries, Inc. (Automobiles) | 51 | 4,301 | ||||||
Toll Brothers, Inc. (Household Durables) | 102 | 5,016 | ||||||
TopBuild Corp.* (Household Durables) | 30 | 6,352 | ||||||
Tyson Foods, Inc.—Class A (Food Products) | 269 | 23,675 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Consumer Goods UltraSector ProFund :: 95
Common Stocks, continued
Shares | Value | |||||||
Under Armour, Inc.*—Class A (Textiles, Apparel & Luxury Goods) | 177 | $ | 1,639 | |||||
Under Armour, Inc.*—Class C (Textiles, Apparel & Luxury Goods) | 188 | 1,553 | ||||||
US Foods Holding Corp.* (Food & Staples Retailing) | 207 | 6,521 | ||||||
VF Corp. (Textiles, Apparel & Luxury Goods) | 299 | 13,359 | ||||||
Whirlpool Corp. (Household Durables) | 53 | 9,162 | ||||||
YETI Holdings, Inc.* (Leisure Products) | 80 | 4,062 | ||||||
TOTAL COMMON STOCKS (Cost $989,786) | 3,146,426 |
Repurchase Agreements(b)(c) (21.7%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $911,165 | $ | 911,000 | $ | 911,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $911,000) | 911,000 |
Collateral for Securities Loaned(d) (0.3%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(e) | 11,636 | $ | 11,636 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $11,636) | 11,636 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $1,912,422)—96.7% | 4,069,062 | |||||||
Net other assets (liabilities)—3.3% | 137,070 | |||||||
NET ASSETS—100.0% | $ | 4,206,132 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $11,359. |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $507,000. |
(d) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(e) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones U.S. Consumer Goods Index | Goldman Sachs International | 8/23/22 | 2.93 | % | $ | 1,773,629 | $ | 63,762 | ||||||||
Dow Jones U.S. Consumer Goods Index | UBS AG | 8/23/22 | 2.68 | % | 1,391,869 | 46,606 | ||||||||||
$ | 3,165,498 | $ | 110,368 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
96 :: Consumer Goods UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Consumer Goods UltraSector ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Auto Components | $ | 63,350 | 1.5 | % | ||||
Automobiles | 820,481 | 19.4 | % | |||||
Beverages | 580,727 | 13.8 | % | |||||
Distributors | 32,903 | 0.8 | % | |||||
Entertainment | 114,473 | 2.7 | % | |||||
Food & Staples Retailing | 13,629 | 0.3 | % | |||||
Food Products | 393,165 | 9.4 | % | |||||
Household Durables | 113,402 | 2.7 | % | |||||
Household Products | 450,264 | 10.7 | % | |||||
Leisure Products | 38,039 | 0.9 | % | |||||
Machinery | 13,723 | 0.3 | % | |||||
Personal Products | 64,135 | 1.5 | % | |||||
Textiles, Apparel & Luxury Goods | 235,118 | 5.6 | % | |||||
Tobacco | 213,017 | 5.1 | % | |||||
Other** | 1,059,706 | 25.3 | % | |||||
Total | $ | 4,206,132 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Consumer Services UltraSector ProFund :: 97
Common Stocks (77.6%)
Shares | Value | |||||||
ADT, Inc. (Commercial Services & Supplies) | 1,236 | $ | 9,023 | |||||
Advance Auto Parts, Inc. (Specialty Retail) | 328 | 63,507 | ||||||
Airbnb, Inc.*—Class A (Hotels, Restaurants & Leisure) | 2,055 | 228,064 | ||||||
Alaska Air Group, Inc.* (Airlines) | 678 | 30,056 | ||||||
Albertsons Cos., Inc.—Class A (Food & Staples Retailing) | 573 | 15,385 | ||||||
Altice USA, Inc.* (Media) | 1,221 | 12,833 | ||||||
Amazon.com, Inc.* (Internet & Direct Marketing Retail) | 47,040 | 6,348,047 | ||||||
AMC Entertainment Holdings, Inc.*(a) (Entertainment) | 2,778 | 40,448 | ||||||
AMERCO (Road & Rail) | 53 | 28,465 | ||||||
American Airlines Group, Inc.* (Airlines) | 3,492 | 47,875 | ||||||
American Eagle Outfitters, Inc. (Specialty Retail) | 828 | 9,969 | ||||||
AmerisourceBergen Corp. (Health Care Providers & Services) | 811 | 118,350 | ||||||
Aramark (Hotels, Restaurants & Leisure) | 1,383 | 46,192 | ||||||
AutoNation, Inc.* (Specialty Retail) | 191 | 22,679 | ||||||
AutoZone, Inc.* (Specialty Retail) | 107 | 228,701 | ||||||
Bath & Body Works, Inc. (Specialty Retail) | 1,282 | 45,562 | ||||||
Best Buy Co., Inc. (Specialty Retail) | 1,088 | 83,765 | ||||||
BJ's Wholesale Club Holdings, Inc.* (Food & Staples Retailing) | 725 | 49,083 | ||||||
Booking Holdings, Inc.* (Hotels, Restaurants & Leisure) | 218 | 421,980 | ||||||
Boyd Gaming Corp. (Hotels, Restaurants & Leisure) | 430 | 23,869 | ||||||
Bright Horizons Family Solutions, Inc.* (Diversified Consumer Services) | 319 | 29,881 | ||||||
Burlington Stores, Inc.* (Specialty Retail) | 355 | 50,101 | ||||||
Cable One, Inc. (Media) | 26 | 35,794 | ||||||
Caesars Entertainment, Inc.* (Hotels, Restaurants & Leisure) | 1,152 | 52,635 | ||||||
Cardinal Health, Inc. (Health Care Providers & Services) | 1,465 | 87,255 | ||||||
CarMax, Inc.* (Specialty Retail) | 863 | 85,903 | ||||||
Carnival Corp.*—Class A (Hotels, Restaurants & Leisure) | 5,245 | 47,520 | ||||||
Carvana Co.* (Specialty Retail) | 534 | 15,566 | ||||||
Casey's General Stores, Inc. (Food & Staples Retailing) | 200 | 40,530 | ||||||
Charter Communications, Inc.*—Class A (Media) | 623 | 269,198 | ||||||
Chegg, Inc.* (Diversified Consumer Services) | 677 | 14,420 | ||||||
Chipotle Mexican Grill, Inc.* (Hotels, Restaurants & Leisure) | 150 | 234,633 | ||||||
Choice Hotels International, Inc. (Hotels, Restaurants & Leisure) | 177 | 21,394 | ||||||
Churchill Downs, Inc. (Hotels, Restaurants & Leisure) | 184 | 38,603 | ||||||
Comcast Corp.—Class A (Media) | 24,034 | 901,756 | ||||||
ContextLogic, Inc.*—Class A (Internet & Direct Marketing Retail) | 1,868 | 2,802 | ||||||
Copart, Inc.* (Commercial Services & Supplies) | 1,149 | 147,187 | ||||||
Costco Wholesale Corp. (Food & Staples Retailing) | 2,383 | 1,289,918 | ||||||
Cracker Barrel Old Country Store, Inc. (Hotels, Restaurants & Leisure) | 125 | 11,884 | ||||||
Darden Restaurants, Inc. (Hotels, Restaurants & Leisure) | 671 | 83,533 | ||||||
Delta Air Lines, Inc.* (Airlines) | 3,446 | 109,583 | ||||||
Dick's Sporting Goods, Inc.(a) (Specialty Retail) | 312 | 29,200 | ||||||
DISH Network Corp.*—Class A (Media) | 1,348 | 23,415 | ||||||
Dollar General Corp. (Multiline Retail) | 1,230 | 305,569 | ||||||
Dollar Tree, Inc.* (Multiline Retail) | 1,210 | 200,086 | ||||||
Domino's Pizza, Inc. (Hotels, Restaurants & Leisure) | 194 | 76,069 | ||||||
DraftKings, Inc.* (Hotels, Restaurants & Leisure) | 1,928 | 26,471 | ||||||
Dutch Bros, Inc.*(a)—Class A (Hotels, Restaurants & Leisure) | 147 | 5,511 | ||||||
Endeavor Group Holdings, Inc.*—Class A (Entertainment) | 214 | 4,877 | ||||||
Expedia Group, Inc.* (Hotels, Restaurants & Leisure) | 815 | 86,431 | ||||||
Five Below, Inc.* (Specialty Retail) | 298 | 37,867 | ||||||
Floor & Decor Holdings, Inc.* (Specialty Retail) | 569 | 45,844 | ||||||
Foot Locker, Inc. (Specialty Retail) | 449 | 12,738 | ||||||
Fox Corp.—Class A (Media) | 1,676 | 55,492 | ||||||
Fox Corp.—Class B (Media) | 777 | 24,009 | ||||||
Frontdoor, Inc.* (Diversified Consumer Services) | 442 | 11,832 | ||||||
GameStop Corp.*(a)—Class A (Specialty Retail) | 1,328 | 45,165 | ||||||
Grand Canyon Education, Inc.* (Diversified Consumer Services) | 174 | 16,716 | ||||||
H&R Block, Inc. (Diversified Consumer Services) | 858 | 34,286 | ||||||
Hilton Worldwide Holdings, Inc. (Hotels, Restaurants & Leisure) | 1,496 | 191,593 | ||||||
Hyatt Hotels Corp.*—Class A (Hotels, Restaurants & Leisure) | 276 | 22,839 | ||||||
IAA, Inc.* (Commercial Services & Supplies) | 720 | 27,166 | ||||||
JetBlue Airways Corp.* (Airlines) | 1,725 | 14,525 | ||||||
Joby Aviation, Inc.*(a) (Airlines) | 1,435 | 7,950 | ||||||
Kohl's Corp. (Multiline Retail) | 691 | 20,136 | ||||||
Las Vegas Sands Corp.* (Hotels, Restaurants & Leisure) | 1,849 | 69,689 | ||||||
Liberty Broadband Corp.*—Class A (Media) | 113 | 12,196 | ||||||
Liberty Broadband Corp.*—Class C (Media) | 703 | 76,578 | ||||||
Liberty Media Corp-Liberty Formula One*—Class A (Entertainment) | 117 | 7,253 | ||||||
Liberty Media Corp-Liberty Formula One*—Class C (Entertainment) | 1,104 | 74,818 | ||||||
Liberty Media Corp-Liberty SiriusXM*—Class A (Media) | 431 | 17,175 | ||||||
Liberty Media Corp-Liberty SiriusXM*—Class C (Media) | 847 | 33,728 | ||||||
Light & Wonder, Inc.* (Hotels, Restaurants & Leisure) | 514 | 26,183 | ||||||
Lithia Motors, Inc. (Specialty Retail) | 156 | 41,384 | ||||||
Live Nation Entertainment, Inc.* (Entertainment) | 736 | 69,177 | ||||||
LKQ Corp. (Distributors) | 1,399 | 76,721 | ||||||
Lowe's Cos., Inc. (Specialty Retail) | 3,554 | 680,699 | ||||||
Lyft, Inc.* (Road & Rail) | 1,624 | 22,509 | ||||||
Marriott International, Inc.—Class A (Hotels, Restaurants & Leisure) | 1,478 | 234,759 | ||||||
Marriott Vacations Worldwide Corp. (Hotels, Restaurants & Leisure) | 223 | 30,533 | ||||||
McDonald's Corp. (Hotels, Restaurants & Leisure) | 3,976 | 1,047,160 | ||||||
MGM Resorts International (Hotels, Restaurants & Leisure) | 1,901 | 62,220 | ||||||
Murphy USA, Inc. (Specialty Retail) | 120 | 34,123 | ||||||
National Vision Holdings, Inc.* (Specialty Retail) | 438 | 12,763 | ||||||
Netflix, Inc.* (Entertainment) | 2,388 | 537,061 | ||||||
News Corp.—Class A (Media) | 2,088 | 35,788 |
See accompanying notes to the financial statements.
98 :: Consumer Services UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
News Corp.—Class B (Media) | 647 | $ | 11,180 | |||||
Nexstar Media Group, Inc.—Class A (Media) | 217 | 40,876 | ||||||
Norwegian Cruise Line Holdings, Ltd.* (Hotels, Restaurants & Leisure) | 2,253 | 27,374 | ||||||
Ollie's Bargain Outlet Holdings, Inc.* (Multiline Retail) | 314 | 18,510 | ||||||
Omnicom Group, Inc. (Media) | 1,106 | 77,243 | ||||||
O'Reilly Automotive, Inc.* (Specialty Retail) | 353 | 248,367 | ||||||
Paramount Global—Class A (Media) | 48 | 1,298 | ||||||
Paramount Global—Class B (Media) | 3,271 | 77,359 | ||||||
Penn National Gaming, Inc.* (Hotels, Restaurants & Leisure) | 879 | 30,369 | ||||||
Penske Automotive Group, Inc. (Specialty Retail) | 159 | 18,204 | ||||||
Petco Health & Wellness Co., Inc.* (Specialty Retail) | 440 | 6,125 | ||||||
Pinterest, Inc.*—Class A (Interactive Media & Services) | 3,090 | 60,193 | ||||||
Planet Fitness, Inc.* (Hotels, Restaurants & Leisure) | 457 | 36,016 | ||||||
Qurate Retail, Inc.—Class A (Internet & Direct Marketing Retail) | 1,848 | 5,045 | ||||||
RH* (Specialty Retail) | 95 | 26,546 | ||||||
Roku, Inc.* (Entertainment) | 644 | 42,195 | ||||||
Rollins, Inc. (Commercial Services & Supplies) | 1,218 | 46,978 | ||||||
Ross Stores, Inc. (Specialty Retail) | 1,889 | 153,500 | ||||||
Royal Caribbean Cruises, Ltd.* (Hotels, Restaurants & Leisure) | 1,206 | 46,684 | ||||||
Service Corp. International (Diversified Consumer Services) | 853 | 63,515 | ||||||
Sirius XM Holdings, Inc.(a) (Media) | 4,867 | 32,512 | ||||||
Southwest Airlines Co.* (Airlines) | 3,188 | 121,526 | ||||||
Sprouts Farmers Market, Inc.* (Food & Staples Retailing) | 589 | 16,280 | ||||||
Starbucks Corp. (Hotels, Restaurants & Leisure) | 6,166 | 522,753 | ||||||
Stitch Fix, Inc.*—Class A (Internet & Direct Marketing Retail) | 446 | 2,663 | ||||||
Sysco Corp. (Food & Staples Retailing) | 2,739 | 232,541 | ||||||
Target Corp. (Multiline Retail) | 2,486 | 406,162 | ||||||
TEGNA, Inc. (Media) | 1,190 | 24,919 | ||||||
Terminix Global Holdings, Inc.* (Diversified Consumer Services) | 653 | 29,189 | ||||||
Texas Roadhouse, Inc. (Hotels, Restaurants & Leisure) | 366 | 31,923 | ||||||
The Gap, Inc. (Specialty Retail) | 1,133 | 10,899 | ||||||
The Home Depot, Inc. (Specialty Retail) | 5,555 | 1,671,723 | ||||||
The Interpublic Group of Cos., Inc. (Media) | 2,116 | 63,205 | ||||||
The Kroger Co. (Food & Staples Retailing) | 3,527 | 163,794 | ||||||
The Madison Square Garden Sports Corp.*—Class A (Entertainment) | 92 | 14,148 | ||||||
The New York Times Co.—Class A (Media) | 896 | 28,627 | ||||||
The TJX Cos., Inc. (Specialty Retail) | 6,314 | 386,165 | ||||||
The Walt Disney Co.* (Entertainment) | 9,792 | 1,038,930 | ||||||
The Wendy's Co. (Hotels, Restaurants & Leisure) | 921 | 19,369 | ||||||
Tractor Supply Co. (Specialty Retail) | 601 | 115,079 | ||||||
TripAdvisor, Inc.* (Interactive Media & Services) | 539 | 10,246 | ||||||
Uber Technologies, Inc.* (Road & Rail) | 9,079 | 212,902 | ||||||
Ulta Beauty, Inc.* (Specialty Retail) | 281 | 109,284 | ||||||
United Airlines Holdings , Inc.* (Airlines) | 1,757 | 64,570 | ||||||
Vail Resorts, Inc. (Hotels, Restaurants & Leisure) | 218 | 51,694 | ||||||
Victoria's Secret & Co.* (Specialty Retail) | 365 | 13,490 | ||||||
Walgreens Boots Alliance, Inc. (Food & Staples Retailing) | 3,854 | 152,695 | ||||||
Walmart, Inc. (Food & Staples Retailing) | 7,547 | 996,581 | ||||||
Warner Bros Discovery, Inc.* (Entertainment) | 11,873 | 178,095 | ||||||
Warner Music Group Corp.—Class A (Entertainment) | 620 | 18,600 | ||||||
Wayfair, Inc.*—Class A (Internet & Direct Marketing Retail) | 428 | 23,073 | ||||||
Williams-Sonoma, Inc. (Specialty Retail) | 376 | 54,302 | ||||||
World Wrestling Entertainment, Inc.—Class A (Entertainment) | 232 | 16,080 | ||||||
Wyndham Hotels & Resorts, Inc. (Hotels, Restaurants & Leisure) | 495 | 34,358 | ||||||
Wynn Resorts, Ltd.* (Hotels, Restaurants & Leisure) | 567 | 35,993 | ||||||
Yum! Brands, Inc. (Hotels, Restaurants & Leisure) | 1,533 | 187,854 | ||||||
ZoomInfo Technologies, Inc.*—Class A (Interactive Media & Services) | 1,626 | 61,610 | ||||||
TOTAL COMMON STOCKS (Cost $7,427,667) | 24,163,664 |
Repurchase Agreements(b)(c) (20.1%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $6,249,134 | $ | 6,248,000 | $ | 6,248,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $6,248,000) | 6,248,000 |
Collateral for Securities Loaned(d) (0.5%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(e) | 163,426 | $ | 163,426 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $163,426) | 163,426 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $13,839,093)—98.2% | 30,575,090 | |||||||
Net other assets (liabilities)—1.8% | 549,956 | |||||||
NET ASSETS—100.0% | $ | 31,125,046 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $155,715. |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $4,233,000. |
(d) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(e) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Consumer Services UltraSector ProFund :: 99
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones U.S. Consumer Services Index | Goldman Sachs International | 8/23/22 | 2.93 | % | $ | 11,055,920 | $ | 348,143 | ||||||||
Dow Jones U.S. Consumer Services Index | UBS AG | 8/23/22 | 2.68 | % | 11,511,075 | 317,021 | ||||||||||
$ | 22,566,995 | $ | 665,164 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
Consumer Services UltraSector ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Airlines | $ | 396,085 | 1.3 | % | ||||
Commercial Services & Supplies | 230,354 | 0.7 | % | |||||
Distributors | 76,721 | 0.2 | % | |||||
Diversified Consumer Services | 199,838 | 0.6 | % | |||||
Entertainment | 2,041,682 | 6.6 | % | |||||
Food & Staples Retailing | 2,956,807 | 9.5 | % | |||||
Health Care Providers & Services | 205,605 | 0.7 | % | |||||
Hotels, Restaurants & Leisure | 4,114,152 | 13.2 | % | |||||
Interactive Media & Services | 132,049 | 0.4 | % | |||||
Internet & Direct Marketing Retail | 6,381,631 | 20.5 | % | |||||
Media | 1,855,181 | 6.0 | % | |||||
Multiline Retail | 950,463 | 3.1 | % | |||||
Road & Rail | 263,876 | 0.8 | % | |||||
Specialty Retail | 4,359,220 | 14.0 | % | |||||
Other** | 6,961,382 | 22.4 | % | |||||
Total | $ | 31,125,046 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
100 :: Europe 30 ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (100.1%)
Shares | Value | |||||||
Anheuser-Busch InBev N.V.ADR (Beverages) | 3,633 | $ | 194,511 | |||||
ArcelorMittal SANYS—Class A (Metals & Mining) | 4,037 | 99,270 | ||||||
Argenx SE*ADR (Biotechnology) | 634 | 230,908 | ||||||
ASML Holding N.V.NYS (Semiconductors & Semiconductor Equipment) | 115 | 66,061 | ||||||
AstraZeneca PLCADR (Pharmaceuticals) | 2,941 | 194,783 | ||||||
Barclays PLCADR (Banks) | 16,550 | 128,925 | ||||||
BP PLCADR (Oil, Gas & Consumable Fuels) | 7,496 | 220,232 | ||||||
British American Tobacco PLCADR (Tobacco) | 4,613 | 180,691 | ||||||
Diageo PLCADR (Beverages) | 1,038 | 198,673 | ||||||
Endava PLC*ADR (IT Services) | 807 | 82,314 | ||||||
Equinor ASAADR(a) (Oil, Gas & Consumable Fuels) | 5,824 | 223,700 | ||||||
GSK PLCADR (Pharmaceuticals) | 4,094 | 172,653 | ||||||
Haleon PLC*ADR (Personal Products) | 1,101 | 7,763 | ||||||
HSBC Holdings PLCADR (Banks) | 6,920 | 217,289 | ||||||
ING Groep N.V.ADR(a) (Banks) | 13,205 | 128,485 | ||||||
Jumia Technologies AG*ADR(a) (Internet & Direct Marketing Retail) | 25,257 | 139,166 | ||||||
National Grid PLCADR (Multi-Utilities) | 2,018 | 140,473 | ||||||
Nokia Corp.ADR (Communications Equipment) | 23,989 | 124,263 | ||||||
NOVO Nordisk A/SADR (Pharmaceuticals) | 2,018 | 234,209 | ||||||
Oatly Group AB*ADR(a) (Food Products) | 20,759 | 77,223 | ||||||
RELX PLCADR (Professional Services) | 5,130 | 151,438 | ||||||
Rio Tinto PLCADR(a) (Metals & Mining) | 2,941 | 179,489 | ||||||
Ryanair Holdings PLC*ADR (Airlines) | 1,442 | 105,266 | ||||||
SanofiADR (Pharmaceuticals) | 3,345 | 166,247 | ||||||
SAP SEADR (Software) | 2,018 | 188,098 | ||||||
Shell PLCADR (Oil, Gas & Consumable Fuels) | 4,037 | 215,495 | ||||||
Telefonaktiebolaget LM EricssonADR (Communications Equipment) | 14,186 | 106,963 | ||||||
Tenaris S.A.ADR (Energy Equipment & Services) | 3,920 | 109,995 | ||||||
Ternium S.A.ADR (Metals & Mining) | 2,422 | 85,811 | ||||||
TotalEnergies SEADR (Oil, Gas & Consumable Fuels) | 4,498 | 229,667 | ||||||
Vodafone Group PLCADR (Wireless Telecommunication Services) | 8,765 | 129,371 | ||||||
TOTAL COMMON STOCKS (Cost $3,882,585) | 4,729,432 | |||||||
Collateral for Securities Loaned(b) (14.1%) | ||||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(c) | 667,402 | 667,402 | ||||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $667,402) | 667,402 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $4,549,987)—114.2% | 5,396,834 | |||||||
Net other assets (liabilities)—(14.2)% | (669,923 | ) | ||||||
NET ASSETS—100.0% | $ | 4,726,911 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $657,469. |
(b) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(c) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
ADR | American Depositary Receipt |
NYS | New York Shares |
Europe 30 ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Airlines | $ | 105,266 | 2.2 | % | ||||
Banks | 474,697 | 10.0 | % | |||||
Beverages | 393,184 | 8.3 | % | |||||
Biotechnology | 230,909 | 4.9 | % | |||||
Communications Equipment | 231,226 | 4.9 | % | |||||
Energy Equipment & Services | 109,995 | 2.3 | % | |||||
Food Products | 77,224 | 1.6 | % | |||||
Internet & Direct Marketing Retail | 139,166 | 3.0 | % | |||||
IT Services | 82,314 | 1.8 | % | |||||
Metals & Mining | 364,571 | 7.7 | % | |||||
Multi-Utilities | 140,473 | 3.0 | % | |||||
Oil, Gas & Consumable Fuels | 889,095 | 18.8 | % | |||||
Personal Products | 7,763 | 0.1 | % | |||||
Pharmaceuticals | 767,890 | 16.3 | % | |||||
Professional Services | 151,438 | 3.2 | % | |||||
Semiconductors & Semiconductor Equipment | 66,061 | 1.4 | % | |||||
Software | 188,098 | 4.0 | % | |||||
Tobacco | 180,691 | 3.8 | % | |||||
Wireless Telecommunication Services | 129,371 | 2.8 | % | |||||
Other** | (2,521 | ) | (0.1 | )% | ||||
Total | $ | 4,726,911 | 100.0 | % |
Europe 30 ProFund invested in securities with exposure to the following countries as of July 31, 2022:
Value | % of Net Assets | |||||||
Belgium | $ | 194,511 | 4.1 | % | ||||
Denmark | 234,209 | 5.0 | % | |||||
Finland | 124,263 | 2.6 | % | |||||
France | 395,914 | 8.4 | % | |||||
Germany | 327,264 | 6.9 | % | |||||
Ireland | 105,266 | 2.2 | % | |||||
Luxembourg | 295,076 | 6.3 | % | |||||
Netherlands | 640,949 | 13.6 | % | |||||
Norway | 223,700 | 4.7 | % | |||||
Sweden | 184,186 | 3.9 | % | |||||
United Kingdom | 2,004,094 | 42.4 | % | |||||
Other** | (2,521 | ) | (0.1 | )% | ||||
Total | $ | 4,726,911 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Falling U.S. Dollar ProFund :: 101
Repurchase Agreements(a)(b) (97.5%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $734,133 | $ | 734,000 | $ | 734,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $734,000) | 734,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $734,000)—97.5% | 734,000 | |||||||
Net other assets (liabilities)—2.5% | 19,105 | |||||||
NET ASSETS—100.0% | $ | 753,105 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of forward currency contract counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $319,000. |
As of July 31, 2022, the Falling U.S. Dollar ProFund’s forward currency contracts with Goldman Sachs International, were as follows:
Description and amount of currency purchased | Description and amount of currency sold | Delivery Date | Fair Value | Unrealized Appreciation/ (Depreciation) | ||||||||||||||||
Short: | ||||||||||||||||||||
U.S. dollar | $ | 23,262 | British pound | 19,179 | 8/5/22 | $ | 23,355 | $ | (93 | ) | ||||||||||
U.S. dollar | 17,352 | Canadian dollar | 22,320 | 8/5/22 | 17,432 | (80 | ) | |||||||||||||
U.S. dollar | 109,545 | Euro | 107,520 | 8/5/22 | 109,913 | (368 | ) | |||||||||||||
U.S. dollar | 27,461 | Japanese yen | 3,696,311 | 8/5/22 | 27,733 | (272 | ) | |||||||||||||
U.S. dollar | 7,831 | Swedish krona | 80,600 | 8/5/22 | 7,939 | (108 | ) | |||||||||||||
U.S. dollar | 6,680 | Swiss franc | 6,408 | 8/5/22 | 6,736 | (56 | ) | |||||||||||||
Total Short Contracts | $ | 192,131 | $ | 193,108 | $ | (977 | ) | |||||||||||||
Long: | ||||||||||||||||||||
British pound | 56,311 | U.S. dollar | $ | 67,046 | 8/5/22 | $ | 68,572 | $ | 1,526 | |||||||||||
Canadian dollar | 82,876 | U.S. dollar | 63,462 | 8/5/22 | 64,726 | 1,264 | ||||||||||||||
Euro | 275,224 | U.S. dollar | 280,650 | 8/5/22 | 281,349 | 699 | ||||||||||||||
Japanese yen | 6,889,348 | U.S. dollar | 50,841 | 8/5/22 | 51,691 | 850 | ||||||||||||||
Swedish krona | 132,108 | U.S. dollar | 12,530 | 8/5/22 | 13,012 | 482 | ||||||||||||||
Swiss franc | 14,672 | U.S. dollar | 15,137 | 8/5/22 | 15,423 | 286 | ||||||||||||||
Total Long Contracts | $ | 489,666 | $ | 494,773 | $ | 5,107 |
As of July 31, 2022, the Falling U.S. Dollar ProFund’s forward currency contracts with UBS AG, were as follows:
Description and amount of currency purchased | Description and amount of currency sold | Delivery Date | Fair Value | Unrealized Appreciation/ (Depreciation) | ||||||||||||||||
Short: | ||||||||||||||||||||
U.S. dollar | $ | 34,890 | British pound | 29,151 | 8/5/22 | $ | 35,498 | $ | (608 | ) | ||||||||||
U.S. dollar | 27,245 | Canadian dollar | 35,140 | 8/5/22 | 27,445 | (200 | ) | |||||||||||||
U.S. dollar | 169,044 | Euro | 166,213 | 8/5/22 | 169,912 | (868 | ) | |||||||||||||
U.S. dollar | 39,925 | Japanese yen | 5,509,435 | 8/5/22 | 41,338 | (1,413 | ) | |||||||||||||
U.S. dollar | 12,724 | Swedish krona | 130,861 | 8/5/22 | 12,889 | (165 | ) | |||||||||||||
U.S. dollar | 10,595 | Swiss franc | 10,302 | 8/5/22 | 10,829 | (234 | ) | |||||||||||||
Total Short Contracts | $ | 294,423 | $ | 297,911 | $ | (3,488 | ) | |||||||||||||
Long: | ||||||||||||||||||||
British pound | 66,307 | U.S. dollar | $ | 79,262 | 8/5/22 | $ | 80,744 | $ | 1,482 | |||||||||||
Canadian dollar | 62,216 | U.S. dollar | 47,957 | 8/5/22 | 48,591 | 634 | ||||||||||||||
Euro | 421,120 | U.S. dollar | 428,193 | 8/5/22 | 430,492 | 2,299 | ||||||||||||||
Japanese yen | 15,963,374 | U.S. dollar | 116,962 | 8/5/22 | 119,774 | 2,812 | ||||||||||||||
Swedish krona | 400,058 | U.S. dollar | 38,220 | 8/5/22 | 39,404 | 1,184 | ||||||||||||||
Swiss franc | 28,051 | U.S. dollar | 28,912 | 8/5/22 | 29,487 | 575 | ||||||||||||||
Total Long Contracts | $ | 739,506 | $ | 748,492 | $ | 8,986 | ||||||||||||||
Total unrealized appreciation | $ | 14,093 | ||||||||||||||||||
Total unrealized (depreciation) | (4,465 | ) | ||||||||||||||||||
Total net unrealized appreciation/(depreciation) | $ | 9,628 |
See accompanying notes to the financial statements.
102 :: Financials UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (72.2%)
Shares | Value | |||||||
Affiliated Managers Group, Inc. (Capital Markets) | 25 | $ | 3,160 | |||||
Aflac, Inc. (Insurance) | 388 | 22,232 | ||||||
AGNC Investment Corp. (Mortgage Real Estate Investment Trusts (REITs)) | 343 | 4,325 | ||||||
Alexandria Real Estate Equities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 97 | 16,081 | ||||||
Alleghany Corp.* (Insurance) | 9 | 7,537 | ||||||
Ally Financial, Inc. (Consumer Finance) | 212 | 7,011 | ||||||
American Campus Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 91 | 5,944 | ||||||
American Express Co. (Consumer Finance) | 399 | 61,453 | ||||||
American Financial Group, Inc. (Insurance) | 43 | 5,748 | ||||||
American Homes 4 Rent—Class A (Equity Real Estate Investment Trusts (REITs)) | 194 | 7,349 | ||||||
American International Group, Inc. (Insurance) | 519 | 26,869 | ||||||
American Tower Corp. (Equity Real Estate Investment Trusts (REITs)) | 304 | 82,333 | ||||||
Americold Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 176 | 5,764 | ||||||
Ameriprise Financial, Inc. (Capital Markets) | 72 | 19,434 | ||||||
Annaly Capital Management, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 1,022 | 7,031 | ||||||
Aon PLC (Insurance) | 139 | 40,455 | ||||||
Apartment Income REIT Corp. (Equity Real Estate Investment Trusts (REITs)) | 103 | 4,670 | ||||||
Apollo Global Management, Inc. (Diversified Financial Services) | 245 | 13,990 | ||||||
Arch Capital Group, Ltd.* (Insurance) | 246 | 10,922 | ||||||
Ares Management Corp.—Class A (Capital Markets) | 112 | 8,025 | ||||||
Arthur J. Gallagher & Co. (Insurance) | 138 | 24,701 | ||||||
Assurant, Inc. (Insurance) | 35 | 6,152 | ||||||
AvalonBay Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 92 | 19,682 | ||||||
Axis Capital Holdings, Ltd. (Insurance) | 51 | 2,575 | ||||||
Bank of America Corp. (Banks) | 4,643 | 156,980 | ||||||
Bank OZK (Banks) | 74 | 2,967 | ||||||
Berkshire Hathaway, Inc.*—Class B (Diversified Financial Services) | 1,185 | 356,210 | ||||||
BlackRock, Inc.—Class A (Capital Markets) | 93 | 62,234 | ||||||
Blackstone Group, Inc.—Class A (Capital Markets) | 459 | 46,850 | ||||||
Blackstone Mortgage Trust, Inc.—Class A (Mortgage Real Estate Investment Trusts (REITs)) | 112 | 3,469 | ||||||
Blue Owl Capital, Inc. (Capital Markets) | 227 | 2,590 | ||||||
BOK Financial Corp. (Banks) | 20 | 1,761 | ||||||
Boston Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 93 | 8,478 | ||||||
Brighthouse Financial, Inc.* (Insurance) | 49 | 2,128 | ||||||
Brixmor Property Group, Inc. (Equity Real Estate Investment Trusts (REITs)) | 196 | 4,543 | ||||||
Brown & Brown, Inc. (Insurance) | 153 | 9,960 | ||||||
Camden Property Trust (Equity Real Estate Investment Trusts (REITs)) | 70 | 9,877 | ||||||
Capital One Financial Corp. (Consumer Finance) | 257 | 28,226 | ||||||
Cboe Global Markets, Inc. (Capital Markets) | 70 | 8,637 | ||||||
CBRE Group, Inc.*—Class A (Real Estate Management & Development) | 214 | 18,323 | ||||||
Chubb, Ltd. (Insurance) | 277 | 52,253 | ||||||
Cincinnati Financial Corp. (Insurance) | 98 | 9,539 | ||||||
Citigroup, Inc. (Banks) | 1,272 | 66,017 | ||||||
Citizens Financial Group, Inc. (Banks) | 321 | 12,188 | ||||||
CME Group, Inc. (Capital Markets) | 235 | 46,878 | ||||||
CNA Financial Corp. (Insurance) | 18 | 764 | ||||||
Coinbase Global, Inc.*(a)—Class A (Capital Markets) | 22 | 1,385 | ||||||
Comerica, Inc. (Banks) | 86 | 6,688 | ||||||
Commerce Bancshares, Inc. (Banks) | 72 | 5,003 | ||||||
Compass, Inc.*—Class A (Real Estate Management & Development) | 19 | 73 | ||||||
Corporate Office Properties Trust (Equity Real Estate Investment Trusts (REITs)) | 74 | 2,083 | ||||||
CoStar Group, Inc.* (Professional Services) | 259 | 18,801 | ||||||
Cousins Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 97 | 2,992 | ||||||
Credit Acceptance Corp.* (Consumer Finance) | 5 | 2,880 | ||||||
Crown Castle International Corp. (Equity Real Estate Investment Trusts (REITs)) | 284 | 51,308 | ||||||
CubeSmart (Equity Real Estate Investment Trusts (REITs)) | 147 | 6,743 | ||||||
Cullen/Frost Bankers, Inc. (Banks) | 37 | 4,825 | ||||||
Digital Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 186 | 24,636 | ||||||
Discover Financial Services (Consumer Finance) | 184 | 18,584 | ||||||
Douglas Emmett, Inc. (Equity Real Estate Investment Trusts (REITs)) | 115 | 2,719 | ||||||
Duke Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 252 | 15,765 | ||||||
East West Bancorp, Inc. (Banks) | 93 | 6,676 | ||||||
EastGroup Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 27 | 4,605 | ||||||
Enstar Group, Ltd.* (Insurance) | 8 | 1,583 | ||||||
Equinix, Inc. (Equity Real Estate Investment Trusts (REITs)) | 60 | 42,224 | ||||||
Equitable Holdings, Inc. (Diversified Financial Services) | 232 | 6,596 | ||||||
Equity Commonwealth* (Equity Real Estate Investment Trusts (REITs)) | 74 | 2,076 | ||||||
Equity LifeStyle Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 113 | 8,308 | ||||||
Equity Residential (Equity Real Estate Investment Trusts (REITs)) | 224 | 17,559 | ||||||
Erie Indemnity Co.—Class A (Insurance) | 16 | 3,254 | ||||||
Essent Group, Ltd. (Thrifts & Mortgage Finance) | 70 | 2,923 | ||||||
Essex Property Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 43 | 12,321 | ||||||
Everest Re Group, Ltd. (Insurance) | 26 | 6,795 | ||||||
Extra Space Storage, Inc. (Equity Real Estate Investment Trusts (REITs)) | 88 | 16,678 | ||||||
F.N.B. Corp. (Banks) | 221 | 2,643 | ||||||
FactSet Research Systems, Inc. (Capital Markets) | 25 | 10,742 | ||||||
Federal Realty Investment Trust (Equity Real Estate Investment Trusts (REITs)) | 47 | 4,964 | ||||||
Federated Hermes, Inc.—Class B (Capital Markets) | 60 | 2,047 | ||||||
Fifth Third Bancorp (Banks) | 449 | 15,320 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Financials UltraSector ProFund :: 103
Common Stocks, continued
Shares | Value | |||||||
First American Financial Corp. (Insurance) | 70 | $ | 4,060 | |||||
First Citizens BancShares, Inc.—Class A (Banks) | 9 | 6,810 | ||||||
First Financial Bankshares, Inc. (Banks) | 84 | 3,711 | ||||||
First Horizon Corp. (Banks) | 351 | 7,842 | ||||||
First Industrial Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 86 | 4,468 | ||||||
First Republic Bank (Banks) | 118 | 19,200 | ||||||
FirstCash Holdings, Inc. (Consumer Finance) | 26 | 1,905 | ||||||
FNF Group (Insurance) | 184 | 7,353 | ||||||
Franklin Resources, Inc. (Capital Markets) | 183 | 5,023 | ||||||
Gaming & Leisure Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 155 | 8,058 | ||||||
Glacier Bancorp, Inc. (Banks) | 71 | 3,556 | ||||||
Globe Life, Inc. (Insurance) | 59 | 5,943 | ||||||
Hartford Financial Services Group, Inc. (Insurance) | 215 | 13,861 | ||||||
Healthcare Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 249 | 6,536 | ||||||
Healthpeak Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 353 | 9,753 | ||||||
Highwoods Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 69 | 2,454 | ||||||
Home BancShares, Inc. (Banks) | 124 | 2,926 | ||||||
Host Hotels & Resorts, Inc. (Equity Real Estate Investment Trusts (REITs)) | 468 | 8,335 | ||||||
Houlihan Lokey, Inc. (Capital Markets) | 33 | 2,790 | ||||||
Hudson Pacific Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 95 | 1,429 | ||||||
Huntington Bancshares, Inc. (Banks) | 943 | 12,532 | ||||||
Interactive Brokers Group, Inc. (Capital Markets) | 57 | 3,345 | ||||||
Intercontinental Exchange, Inc. (Capital Markets) | 366 | 37,328 | ||||||
Invesco, Ltd. (Capital Markets) | 221 | 3,921 | ||||||
Invitation Homes, Inc. (Equity Real Estate Investment Trusts (REITs)) | 400 | 15,612 | ||||||
Iron Mountain, Inc. (Equity Real Estate Investment Trusts (REITs)) | 190 | 9,213 | ||||||
Jackson Financial, Inc.—Class A (Diversified Financial Services) | 57 | 1,568 | ||||||
Janus Henderson Group PLC (Capital Markets) | 110 | 2,835 | ||||||
JBG Smith Properties (Equity Real Estate Investment Trusts (REITs)) | 71 | 1,806 | ||||||
Jefferies Financial Group, Inc. (Diversified Financial Services) | 125 | 4,071 | ||||||
Jones Lang LaSalle, Inc.* (Real Estate Management & Development) | 32 | 6,101 | ||||||
JPMorgan Chase & Co. (Banks) | 1,923 | 221,838 | ||||||
Kemper Corp. (Insurance) | 39 | 1,825 | ||||||
KeyCorp (Banks) | 611 | 11,181 | ||||||
Kilroy Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 69 | 3,738 | ||||||
Kimco Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 405 | 8,955 | ||||||
KKR & Co., Inc. (Capital Markets) | 388 | 21,518 | ||||||
Lamar Advertising Co.—Class A (Equity Real Estate Investment Trusts (REITs)) | 57 | 5,760 | ||||||
Lazard, Ltd.—Class A (Capital Markets) | 74 | 2,788 | ||||||
Life Storage, Inc. (Equity Real Estate Investment Trusts (REITs)) | 55 | 6,924 | ||||||
Lincoln National Corp. (Insurance) | 106 | 5,442 | ||||||
Loews Corp. (Insurance) | 127 | 7,398 | ||||||
LPL Financial Holdings, Inc. (Capital Markets) | 52 | 10,916 | ||||||
LXP Industrial Trust (Equity Real Estate Investment Trusts (REITs)) | 188 | 2,062 | ||||||
M&T Bank Corp. (Banks) | 117 | 20,762 | ||||||
Markel Corp.* (Insurance) | 9 | 11,674 | ||||||
MarketAxess Holdings, Inc. (Capital Markets) | 25 | 6,770 | ||||||
Marsh & McLennan Cos., Inc. (Insurance) | 329 | 53,943 | ||||||
Mastercard, Inc.—Class A (IT Services) | 562 | 198,830 | ||||||
Medical Properties Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 393 | 6,775 | ||||||
Mercury General Corp. (Insurance) | 17 | 713 | ||||||
MetLife, Inc. (Insurance) | 453 | 28,652 | ||||||
MGIC Investment Corp. (Thrifts & Mortgage Finance) | 203 | 2,870 | ||||||
Mid-America Apartment Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 76 | 14,115 | ||||||
Moody’s Corp. (Capital Markets) | 105 | 32,576 | ||||||
Morgan Stanley (Capital Markets) | 916 | 77,219 | ||||||
Morningstar, Inc. (Capital Markets) | 15 | 3,830 | ||||||
MSCI, Inc.—Class A (Capital Markets) | 53 | 25,511 | ||||||
Nasdaq, Inc. (Capital Markets) | 75 | 13,568 | ||||||
National Health Investors, Inc. (Equity Real Estate Investment Trusts (REITs)) | 30 | 1,945 | ||||||
National Retail Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 115 | 5,475 | ||||||
National Storage Affiliates Trust (Equity Real Estate Investment Trusts (REITs)) | 55 | 3,016 | ||||||
New Residential Investment Corp. (Mortgage Real Estate Investment Trusts (REITs)) | 306 | 3,338 | ||||||
New York Community Bancorp, Inc. (Thrifts & Mortgage Finance) | 306 | 3,250 | ||||||
Northern Trust Corp. (Capital Markets) | 136 | 13,570 | ||||||
Old Republic International Corp. (Insurance) | 188 | 4,375 | ||||||
Omega Healthcare Investors, Inc. (Equity Real Estate Investment Trusts (REITs)) | 154 | 4,774 | ||||||
Onemain Holdings, Inc. (Consumer Finance) | 70 | 2,604 | ||||||
Opendoor Technologies, Inc.* (Real Estate Management & Development) | 258 | 1,267 | ||||||
Orion Office REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 37 | 405 | ||||||
Physicians Realty Trust (Equity Real Estate Investment Trusts (REITs)) | 148 | 2,630 | ||||||
Pinnacle Financial Partners, Inc. (Banks) | 50 | 3,955 | ||||||
Popular, Inc. (Banks) | 50 | 3,884 | ||||||
PotlatchDeltic Corp. (Equity Real Estate Investment Trusts (REITs)) | 45 | 2,206 | ||||||
Primerica, Inc. (Insurance) | 25 | 3,217 | ||||||
Principal Financial Group, Inc. (Insurance) | 154 | 10,309 | ||||||
PROG Holdings, Inc.* (Consumer Finance) | 35 | 645 | ||||||
Prologis, Inc. (Equity Real Estate Investment Trusts (REITs)) | 485 | 64,293 | ||||||
Prosperity Bancshares, Inc. (Banks) | 60 | 4,445 | ||||||
Prudential Financial, Inc. (Insurance) | 246 | 24,598 | ||||||
Public Storage (Equity Real Estate Investment Trusts (REITs)) | 100 | 32,641 | ||||||
Radian Group, Inc. (Thrifts & Mortgage Finance) | 113 | 2,528 | ||||||
Raymond James Financial, Inc. (Capital Markets) | 127 | 12,506 |
See accompanying notes to the financial statements.
104 :: Financials UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Rayonier, Inc. (Equity Real Estate Investment Trusts (REITs)) | 96 | $ | 3,624 | |||||
Realty Income Corp. (Equity Real Estate Investment Trusts (REITs)) | 394 | 29,152 | ||||||
Redfin Corp.* (Real Estate Management & Development) | 70 | 609 | ||||||
Regency Centers Corp. (Equity Real Estate Investment Trusts (REITs)) | 102 | 6,572 | ||||||
Regions Financial Corp. (Banks) | 612 | 12,962 | ||||||
Reinsurance Group of America, Inc. (Insurance) | 44 | 5,094 | ||||||
RenaissanceRe Holdings, Ltd. (Insurance) | 29 | 3,750 | ||||||
Rexford Industrial Realty, Inc. (Equity Real Estate Investment Trusts (REITs)) | 108 | 7,064 | ||||||
RLI Corp. (Insurance) | 26 | 2,859 | ||||||
Robinhood Markets, Inc.*—Class A (Capital Markets) | 39 | 353 | ||||||
Rocket Cos., Inc.—Class A (Thrifts & Mortgage Finance) | 78 | 743 | ||||||
Ryan Specialty Holdings, Inc.*—Class A (Insurance) | 38 | 1,643 | ||||||
S&P Global, Inc. (Capital Markets) | 227 | 85,562 | ||||||
Sabra Health Care REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 151 | 2,324 | ||||||
SBA Communications Corp. (Equity Real Estate Investment Trusts (REITs)) | 71 | 23,841 | ||||||
SEI Investments Co. (Capital Markets) | 68 | 3,764 | ||||||
Selective Insurance Group, Inc. (Insurance) | 40 | 3,114 | ||||||
Signature Bank (Banks) | 41 | 7,608 | ||||||
Simon Property Group, Inc. (Equity Real Estate Investment Trusts (REITs)) | 215 | 23,358 | ||||||
SL Green Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 42 | 2,085 | ||||||
SLM Corp. (Consumer Finance) | 176 | 2,746 | ||||||
SoFi Technologies, Inc.*(a) (Consumer Finance) | 480 | 3,029 | ||||||
Spirit Realty Capital, Inc. (Equity Real Estate Investment Trusts (REITs)) | 88 | 3,902 | ||||||
STAG Industrial, Inc. (Equity Real Estate Investment Trusts (REITs)) | 117 | 3,835 | ||||||
Starwood Property Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 201 | 4,748 | ||||||
State Street Corp. (Capital Markets) | 240 | 17,050 | ||||||
Stifel Financial Corp. (Capital Markets) | 70 | 4,187 | ||||||
STORE Capital Corp. (Equity Real Estate Investment Trusts (REITs)) | 165 | 4,788 | ||||||
Sun Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 80 | 13,117 | ||||||
SVB Financial Group* (Banks) | 39 | 15,738 | ||||||
Synchrony Financial (Consumer Finance) | 328 | 10,981 | ||||||
Synovus Financial Corp. (Banks) | 95 | 3,836 | ||||||
T. Rowe Price Group, Inc. (Capital Markets) | 149 | 18,397 | ||||||
TFS Financial Corp. (Thrifts & Mortgage Finance) | 31 | 454 | ||||||
The Allstate Corp. (Insurance) | 180 | 21,055 | ||||||
The Bank of New York Mellon Corp. (Capital Markets) | 487 | 21,165 | ||||||
The Carlyle Group, Inc. (Capital Markets) | 92 | 3,580 | ||||||
The Charles Schwab Corp. (Capital Markets) | 988 | 68,221 | ||||||
The Goldman Sachs Group, Inc. (Capital Markets) | 225 | 75,013 | ||||||
The Hanover Insurance Group, Inc. (Insurance) | 23 | 3,139 | ||||||
The Howard Hughes Corp.* (Real Estate Management & Development) | 25 | 1,772 | ||||||
The PNC Financial Services Group, Inc. (Banks) | 271 | 44,970 | ||||||
The Progressive Corp. (Insurance) | 383 | 44,068 | ||||||
The Travelers Cos., Inc. (Insurance) | 157 | 24,916 | ||||||
TPG, Inc. (Capital Markets) | 23 | 656 | ||||||
Tradeweb Markets, Inc.—Class A (Capital Markets) | 70 | 4,936 | ||||||
Truist Financial Corp. (Banks) | 872 | 44,010 | ||||||
U.S. Bancorp (Banks) | 885 | 41,772 | ||||||
UDR, Inc. (Equity Real Estate Investment Trusts (REITs)) | 196 | 9,486 | ||||||
UMB Financial Corp. (Banks) | 28 | 2,534 | ||||||
Umpqua Holdings Corp. (Banks) | 142 | 2,501 | ||||||
United Bankshares, Inc. (Banks) | 89 | 3,448 | ||||||
Unum Group (Insurance) | 132 | 4,249 | ||||||
Upstart Holdings, Inc.*(a) (Consumer Finance) | 33 | 803 | ||||||
UWM Holdings Corp.(a) (Thrifts & Mortgage Finance) | 53 | 200 | ||||||
Valley National Bancorp (Banks) | 275 | 3,215 | ||||||
Ventas, Inc. (Equity Real Estate Investment Trusts (REITs)) | 262 | 14,090 | ||||||
VICI Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 631 | 21,574 | ||||||
Virtu Financial, Inc.—Class A (Capital Markets) | 52 | 1,213 | ||||||
Visa, Inc.—Class A (IT Services) | 1,078 | 228,655 | ||||||
Vornado Realty Trust (Equity Real Estate Investment Trusts (REITs)) | 104 | 3,161 | ||||||
Voya Financial, Inc. (Diversified Financial Services) | 67 | 4,031 | ||||||
W.R. Berkley Corp. (Insurance) | 137 | 8,567 | ||||||
Webster Financial Corp. (Banks) | 117 | 5,435 | ||||||
Wells Fargo & Co. (Banks) | 2,482 | 108,885 | ||||||
Welltower, Inc. (Equity Real Estate Investment Trusts (REITs)) | 297 | 25,643 | ||||||
Western Alliance Bancorp (Banks) | 71 | 5,423 | ||||||
Weyerhaeuser Co. (Equity Real Estate Investment Trusts (REITs)) | 488 | 17,724 | ||||||
White Mountains Insurance Group, Ltd. (Insurance) | 2 | 2,479 | ||||||
Willis Towers Watson PLC (Insurance) | 73 | 15,107 | ||||||
Wintrust Financial Corp. (Banks) | 39 | 3,356 | ||||||
WP Carey, Inc. (Equity Real Estate Investment Trusts (REITs)) | 126 | 11,252 | ||||||
Zillow Group, Inc.*—Class A (Real Estate Management & Development) | 24 | 840 | ||||||
Zillow Group, Inc.*—Class C (Real Estate Management & Development) | 107 | 3,732 | ||||||
Zions Bancorp (Banks) | 99 | 5,400 | ||||||
TOTAL COMMON STOCKS (Cost $1,252,545) | 4,145,653 |
Repurchase Agreements(b)(c) (23.8%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $1,370,249 | $ | 1,370,000 | $ | 1,370,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $1,370,000) | 1,370,000 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Financials UltraSector ProFund :: 105
Collateral for Securities Loaned(d) (0.1%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(e) | 4,836 | $ | 4,836 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $4,836) | 4,836 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $2,627,381)—96.1% | 5,520,489 | |||||||
Net other assets (liabilities)—3.9% | 225,749 | |||||||
NET ASSETS—100.0% | $ | 5,746,238 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $4,714. |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $718,000. |
(d) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(e) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones U.S. Financials Index | Goldman Sachs International | 8/23/22 | 2.93 | % | $ | 2,222,455 | $ | 58,147 | ||||||||
Dow Jones U.S. Financials Index | UBS AG | 8/23/22 | 2.98 | % | 2,218,727 | 53,796 | ||||||||||
$ | 4,441,182 | $ | 111,943 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
Financials UltraSector ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Banks | $ | 914,804 | 15.9 | % | ||||
Capital Markets | 792,093 | 13.8 | % | |||||
Consumer Finance | 140,867 | 2.5 | % | |||||
Diversified Financial Services | 386,466 | 6.7 | % | |||||
Equity Real Estate Investment Trusts (REITs) | 839,672 | 14.6 | % | |||||
Insurance | 556,870 | 9.7 | % | |||||
IT Services | 427,484 | 7.5 | % | |||||
Mortgage Real Estate Investment Trusts (REITs) | 22,911 | 0.4 | % | |||||
Professional Services | 18,801 | 0.3 | % | |||||
Real Estate Management & Development | 32,717 | 0.6 | % | |||||
Thrifts & Mortgage Finance | 12,968 | 0.2 | % | |||||
Other** | 1,600,585 | 27.8 | % | |||||
Total | $ | 5,746,238 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
106 :: Health Care UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (77.1%)
Shares | Value | |||||||
10X Genomics, Inc.*—Class A (Life Sciences Tools & Services) | 237 | $ | 9,516 | |||||
1Life Healthcare, Inc.* (Health Care Providers & Services) | 438 | 7,420 | ||||||
Abbott Laboratories (Health Care Equipment & Supplies) | 4,425 | 481,618 | ||||||
AbbVie, Inc. (Biotechnology) | 4,466 | 640,917 | ||||||
ABIOMED, Inc.* (Health Care Equipment & Supplies) | 116 | 33,989 | ||||||
Acadia Healthcare Co., Inc.* (Health Care Providers & Services) | 229 | 18,986 | ||||||
ACADIA Pharmaceuticals, Inc.* (Biotechnology) | 298 | 4,378 | ||||||
Agilent Technologies, Inc. (Life Sciences Tools & Services) | 758 | 101,648 | ||||||
agilon health, Inc.* (Health Care Providers & Services) | 124 | 3,104 | ||||||
Agios Pharmaceuticals, Inc.* (Biotechnology) | 139 | 2,998 | ||||||
Align Technology, Inc.* (Health Care Equipment & Supplies) | 185 | 51,979 | ||||||
Alkermes PLC* (Biotechnology) | 414 | 10,598 | ||||||
Allogene Therapeutics, Inc.*(a) (Biotechnology) | 189 | 2,453 | ||||||
Alnylam Pharmaceuticals, Inc.* (Biotechnology) | 306 | 43,464 | ||||||
Amedisys, Inc.* (Health Care Providers & Services) | 83 | 9,948 | ||||||
American Well Corp.*—Class A (Health Care Technology) | 508 | 1,981 | ||||||
Amgen, Inc. (Biotechnology) | 1,350 | 334,086 | ||||||
Arrowhead Pharmaceuticals, Inc.* (Biotechnology) | 266 | 11,313 | ||||||
Avantor, Inc.* (Life Sciences Tools & Services) | 1,542 | 44,749 | ||||||
Azenta, Inc. (Semiconductors & Semiconductor Equipment) | 189 | 12,901 | ||||||
Baxter International, Inc. (Health Care Equipment & Supplies) | 1,273 | 74,674 | ||||||
Beam Therapeutics, Inc.*(a) (Biotechnology) | 117 | 7,369 | ||||||
Becton, Dickinson & Co. (Health Care Equipment & Supplies) | 720 | 175,903 | ||||||
Berkeley Lights, Inc.* (Life Sciences Tools & Services) | 107 | 480 | ||||||
Biogen, Inc.* (Biotechnology) | 370 | 79,572 | ||||||
Biohaven Pharmaceutical Holding Co., Ltd.* (Biotechnology) | 160 | 23,363 | ||||||
BioMarin Pharmaceutical, Inc.* (Biotechnology) | 468 | 40,271 | ||||||
Bio-Rad Laboratories, Inc.*—Class A (Life Sciences Tools & Services) | 54 | 30,416 | ||||||
Bio-Techne Corp. (Life Sciences Tools & Services) | 99 | 38,143 | ||||||
Blueprint Medicines Corp.* (Biotechnology) | 150 | 7,659 | ||||||
Boston Scientific Corp.* (Health Care Equipment & Supplies) | 3,612 | 148,273 | ||||||
Bridgebio Pharma, Inc.* (Biotechnology) | 273 | 2,364 | ||||||
Bristol-Myers Squibb Co. (Pharmaceuticals) | 5,380 | 396,936 | ||||||
Bruker Corp. (Life Sciences Tools & Services) | 253 | 17,343 | ||||||
Catalent, Inc.* (Pharmaceuticals) | 452 | 51,121 | ||||||
Centene Corp.* (Health Care Providers & Services) | 1,477 | 137,317 | ||||||
Charles River Laboratories International, Inc.* (Life Sciences Tools & Services) | 129 | 32,320 | ||||||
Chemed Corp. (Health Care Providers & Services) | 38 | 18,281 | ||||||
Cigna Corp. (Health Care Providers & Services) | 802 | 220,839 | ||||||
Covetrus, Inc.* (Health Care Providers & Services) | 264 | 5,483 | ||||||
CRISPR Therapeutics AG*(a) (Biotechnology) | 180 | 13,500 | ||||||
CVS Health Corp. (Health Care Providers & Services) | 3,314 | 317,083 | ||||||
Danaher Corp. (Health Care Equipment & Supplies) | 1,636 | 476,845 | ||||||
DaVita, Inc.* (Health Care Providers & Services) | 153 | 12,876 | ||||||
Denali Therapeutics, Inc.* (Biotechnology) | 237 | 8,063 | ||||||
DENTSPLY SIRONA, Inc. (Health Care Equipment & Supplies) | 544 | 19,671 | ||||||
DexCom, Inc.* (Health Care Equipment & Supplies) | 991 | 81,341 | ||||||
Doximity, Inc.*—Class A (Health Care Technology) | 234 | 9,903 | ||||||
Edwards Lifesciences Corp.* (Health Care Equipment & Supplies) | 1,571 | 157,948 | ||||||
Elanco Animal Health, Inc.* (Pharmaceuticals) | 1,198 | 24,271 | ||||||
Elevance Health, Inc. (Health Care Providers & Services) | 610 | 291,031 | ||||||
Eli Lilly & Co. (Pharmaceuticals) | 1,993 | 657,072 | ||||||
Embecta Corp.* (Health Care Equipment & Supplies) | 147 | 4,326 | ||||||
Emergent BioSolutions, Inc.* (Biotechnology) | 113 | 3,914 | ||||||
Encompass Health Corp. (Health Care Providers & Services) | 252 | 12,756 | ||||||
Enhabit, Inc.* (Health Care Providers & Services) | 126 | 2,198 | ||||||
Enovis Corp.* (Health Care Equipment & Supplies) | 119 | 7,107 | ||||||
Envista Holdings Corp.* (Health Care Equipment & Supplies) | 410 | 16,667 | ||||||
Exact Sciences Corp.* (Biotechnology) | 444 | 20,024 | ||||||
Exelixis, Inc.* (Biotechnology) | 811 | 16,966 | ||||||
Fate Therapeutics, Inc.* (Biotechnology) | 208 | 6,350 | ||||||
Gilead Sciences, Inc. (Biotechnology) | 3,169 | 189,349 | ||||||
Globus Medical, Inc.* (Health Care Equipment & Supplies) | 201 | 11,797 | ||||||
GoodRx Holdings, Inc.*—Class A (Health Care Technology) | 178 | 1,109 | ||||||
Guardant Health, Inc.* (Health Care Providers & Services) | 258 | 12,944 | ||||||
Haemonetics Corp.* (Health Care Equipment & Supplies) | 129 | 8,964 | ||||||
Halozyme Therapeutics, Inc.* (Biotechnology) | 348 | 17,017 | ||||||
HCA Healthcare, Inc. (Health Care Providers & Services) | 575 | 122,142 | ||||||
HealthEquity, Inc.* (Health Care Providers & Services) | 214 | 12,448 | ||||||
Henry Schein, Inc.* (Health Care Providers & Services) | 350 | 27,591 | ||||||
Hologic, Inc.* (Health Care Equipment & Supplies) | 630 | 44,969 | ||||||
Horizon Therapeutics PLC* (Pharmaceuticals) | 581 | 48,206 | ||||||
Humana, Inc. (Health Care Providers & Services) | 319 | 153,758 | ||||||
ICU Medical, Inc.* (Health Care Equipment & Supplies) | 50 | 8,859 | ||||||
IDEXX Laboratories, Inc.* (Health Care Equipment & Supplies) | 213 | 85,025 | ||||||
Illumina, Inc.* (Life Sciences Tools & Services) | 397 | 86,022 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Health Care UltraSector ProFund :: 107
Common Stocks, continued
Shares | Value | |||||||
Incyte Corp.* (Biotechnology) | 476 | $ | 36,976 | |||||
Insulet Corp.* (Health Care Equipment & Supplies) | 175 | 43,365 | ||||||
Integra LifeSciences Holdings Corp.* (Health Care Equipment & Supplies) | 180 | 9,907 | ||||||
Intellia Therapeutics, Inc.* (Biotechnology) | 178 | 11,527 | ||||||
Intuitive Surgical, Inc.* (Health Care Equipment & Supplies) | 907 | 208,764 | ||||||
Invitae Corp.* (Biotechnology) | 533 | 1,013 | ||||||
Ionis Pharmaceuticals, Inc.* (Biotechnology) | 358 | 13,446 | ||||||
IQVIA Holdings, Inc.* (Life Sciences Tools & Services) | 479 | 115,088 | ||||||
Jazz Pharmaceuticals PLC* (Pharmaceuticals) | 158 | 24,657 | ||||||
Johnson & Johnson (Pharmaceuticals) | 6,650 | 1,160,558 | ||||||
Laboratory Corp. of America Holdings (Health Care Providers & Services) | 235 | 61,615 | ||||||
LHC Group, Inc.* (Health Care Providers & Services) | 79 | 12,882 | ||||||
Maravai LifeSciences Holdings, Inc.*—Class A (Life Sciences Tools & Services) | 276 | 7,201 | ||||||
Masimo Corp.* (Health Care Equipment & Supplies) | 129 | 18,651 | ||||||
McKesson Corp. (Health Care Providers & Services) | 368 | 125,701 | ||||||
Medpace Holdings, Inc.* (Life Sciences Tools & Services) | 69 | 11,698 | ||||||
Medtronic PLC (Health Care Equipment & Supplies) | 3,390 | 313,643 | ||||||
Merck & Co., Inc. (Pharmaceuticals) | 6,390 | 570,883 | ||||||
Mettler-Toledo International, Inc.* (Life Sciences Tools & Services) | 57 | 76,935 | ||||||
Mirati Therapeutics, Inc.* (Biotechnology) | 127 | 8,179 | ||||||
Moderna, Inc.* (Biotechnology) | 875 | 143,579 | ||||||
Molina Healthcare, Inc.* (Health Care Providers & Services) | 148 | 48,503 | ||||||
Natera, Inc.* (Biotechnology) | 226 | 10,622 | ||||||
Nektar Therapeutics* (Pharmaceuticals) | 473 | 1,873 | ||||||
Neogen Corp.*(a) (Health Care Equipment & Supplies) | 273 | 6,314 | ||||||
NeoGenomics, Inc.* (Life Sciences Tools & Services) | 315 | 3,188 | ||||||
Neurocrine Biosciences, Inc.* (Biotechnology) | 242 | 22,779 | ||||||
Novavax, Inc.* (Biotechnology) | 198 | 10,793 | ||||||
Novocure, Ltd.* (Health Care Equipment & Supplies) | 227 | 15,434 | ||||||
NuVasive, Inc.* (Health Care Equipment & Supplies) | 131 | 6,880 | ||||||
Oak Street Health, Inc.* (Health Care Providers & Services) | 355 | 10,277 | ||||||
Omnicell, Inc.* (Health Care Technology) | 112 | 12,333 | ||||||
Organon & Co. (Pharmaceuticals) | 641 | 20,333 | ||||||
Pacific Biosciences of California, Inc.* (Life Sciences Tools & Services) | 569 | 2,487 | ||||||
Penumbra, Inc.* (Health Care Equipment & Supplies) | 90 | 12,544 | ||||||
Perrigo Co. PLC (Pharmaceuticals) | 340 | 14,236 | ||||||
Pfizer, Inc. (Pharmaceuticals) | 14,179 | 716,181 | ||||||
Premier, Inc. (Health Care Providers & Services) | 298 | 11,461 | ||||||
Quest Diagnostics, Inc. (Health Care Providers & Services) | 297 | 40,561 | ||||||
QuidelOrtho Corp.* (Health Care Equipment & Supplies) | 127 | 12,959 | ||||||
R1 RCM, Inc.* (Health Care Providers & Services) | 339 | 8,475 | ||||||
Regeneron Pharmaceuticals, Inc.* (Biotechnology) | 273 | 158,801 | ||||||
Repligen Corp.* (Life Sciences Tools & Services) | 130 | 27,737 | ||||||
ResMed, Inc. (Health Care Equipment & Supplies) | 369 | 88,752 | ||||||
Royalty Pharma PLC—Class A (Pharmaceuticals) | 914 | 39,750 | ||||||
Sarepta Therapeutics, Inc.* (Biotechnology) | 221 | 20,542 | ||||||
Seagen, Inc.* (Biotechnology) | 341 | 61,373 | ||||||
Shockwave Medical, Inc.* (Health Care Equipment & Supplies) | 91 | 19,195 | ||||||
Signify Health, Inc.*—Class A (Health Care Providers & Services) | 63 | 1,078 | ||||||
Sotera Health Co.* (Life Sciences Tools & Services) | 251 | 4,819 | ||||||
STAAR Surgical Co.* (Health Care Equipment & Supplies) | 121 | 9,765 | ||||||
STERIS PLC (Health Care Equipment & Supplies) | 253 | 57,089 | ||||||
Stryker Corp. (Health Care Equipment & Supplies) | 850 | 182,538 | ||||||
Syneos Health, Inc.* (Life Sciences Tools & Services) | 260 | 20,576 | ||||||
Tandem Diabetes Care, Inc.* (Health Care Equipment & Supplies) | 162 | 10,726 | ||||||
Teladoc Health, Inc.* (Health Care Technology) | 407 | 14,998 | ||||||
Teleflex, Inc. (Health Care Equipment & Supplies) | 119 | 28,615 | ||||||
Tenet Healthcare Corp.* (Health Care Providers & Services) | 272 | 17,985 | ||||||
The Cooper Cos., Inc. (Health Care Equipment & Supplies) | 125 | 40,875 | ||||||
Thermo Fisher Scientific, Inc. (Life Sciences Tools & Services) | 988 | 591,228 | ||||||
Twist Bioscience Corp.* (Biotechnology) | 142 | 6,211 | ||||||
Ultragenyx Pharmaceutical, Inc.* (Biotechnology) | 176 | 9,377 | ||||||
United Therapeutics Corp.* (Biotechnology) | 115 | 26,573 | ||||||
UnitedHealth Group, Inc. (Health Care Providers & Services) | 2,371 | 1,285,887 | ||||||
Universal Health Services, Inc.—Class B (Health Care Providers & Services) | 170 | 19,120 | ||||||
Vertex Pharmaceuticals, Inc.* (Biotechnology) | 647 | 181,425 | ||||||
Viatris, Inc. (Pharmaceuticals) | 3,065 | 29,700 | ||||||
Vir Biotechnology, Inc.* (Biotechnology) | 188 | 5,228 | ||||||
Waters Corp.* (Life Sciences Tools & Services) | 152 | 55,333 | ||||||
West Pharmaceutical Services, Inc. (Health Care Equipment & Supplies) | 187 | 64,246 | ||||||
Zimmer Biomet Holdings, Inc. (Health Care Equipment & Supplies) | 529 | 58,396 | ||||||
Zimvie, Inc.* (Health Care Equipment & Supplies) | 53 | 1,029 | ||||||
Zoetis, Inc. (Pharmaceuticals) | 1,190 | 217,235 | ||||||
TOTAL COMMON STOCKS (Cost $3,915,978) | 13,646,988 |
See accompanying notes to the financial statements.
108 :: Health Care UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Repurchase Agreements(b)(c) (22.7%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $4,024,731 | $ | 4,024,000 | $ | 4,024,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $4,024,000) | 4,024,000 |
Collateral for Securities Loaned(d) (0.1%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(e) | 25,129 | $ | 25,129 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $25,129) | 25,129 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $7,965,107)—99.9% | 17,696,117 | |||||||
Net other assets (liabilities)—0.1% | 9,841 | |||||||
NET ASSETS—100.0% | $ | 17,705,958 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $24,212. |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $2,352,000. |
(d) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(e) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones U.S. Health Care Index | Goldman Sachs International | 8/23/22 | 2.93 | % | $ | 6,522,397 | $ | 86,672 | ||||||||
Dow Jones U.S. Health Care Index | UBS AG | 8/23/22 | 2.68 | % | 6,594,491 | 89,876 | ||||||||||
$ | 13,116,888 | $ | 176,548 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
Health Care UltraSector ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Biotechnology | $ | 2,214,432 | 12.5 | % | ||||
Health Care Equipment & Supplies | 3,099,642 | 17.5 | % | |||||
Health Care Providers & Services | 3,029,750 | 17.1 | % | |||||
Health Care Technology | 40,324 | 0.2 | % | |||||
Life Sciences Tools & Services | 1,276,927 | 7.2 | % | |||||
Pharmaceuticals | 3,973,012 | 22.5 | % | |||||
Semiconductors & Semiconductor Equipment | 12,901 | 0.1 | % | |||||
Other** | 4,058,970 | 22.9 | % | |||||
Total | $ | 17,705,958 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Industrials UltraSector ProFund :: 109
Common Stocks (68.2%)
Shares | Value | |||||||
3M Co. (Industrial Conglomerates) | 322 | $ | 46,123 | |||||
A.O. Smith Corp. (Building Products) | 74 | 4,682 | ||||||
Accenture PLC—Class A (IT Services) | 358 | 109,642 | ||||||
Acuity Brands, Inc. (Electrical Equipment) | 19 | 3,466 | ||||||
Advanced Drainage Systems, Inc. (Building Products) | 32 | 3,795 | ||||||
AECOM (Construction & Engineering) | 80 | 5,760 | ||||||
Affirm Holdings, Inc.* (IT Services) | 92 | 2,469 | ||||||
AGCO Corp. (Machinery) | 35 | 3,812 | ||||||
Air Lease Corp. (Trading Companies & Distributors) | 58 | 2,152 | ||||||
Alight, Inc.*—Class A (Professional Services) | 144 | 1,086 | ||||||
Allegion PLC (Building Products) | 49 | 5,179 | ||||||
Allison Transmission Holdings, Inc. (Machinery) | 54 | 2,261 | ||||||
Amcor PLC (Containers & Packaging) | 847 | 10,969 | ||||||
AMETEK, Inc. (Electrical Equipment) | 130 | 16,055 | ||||||
Amphenol Corp.—Class A (Electronic Equipment, Instruments & Components) | 338 | 26,071 | ||||||
Applied Industrial Technologies, Inc. (Trading Companies & Distributors) | 22 | 2,213 | ||||||
AptarGroup, Inc. (Containers & Packaging) | 37 | 3,987 | ||||||
Ardagh Metal Packaging SA (Containers & Packaging) | 81 | 548 | ||||||
Armstrong World Industries, Inc. (Building Products) | 26 | 2,323 | ||||||
Arrow Electronics, Inc.* (Electronic Equipment, Instruments & Components) | 38 | 4,870 | ||||||
ASGN, Inc.* (Professional Services) | 28 | 2,905 | ||||||
Automatic Data Processing, Inc. (IT Services) | 236 | 56,904 | ||||||
Avery Dennison Corp. (Containers & Packaging) | 46 | 8,761 | ||||||
Avnet, Inc. (Electronic Equipment, Instruments & Components) | 56 | 2,681 | ||||||
Axon Enterprise, Inc.* (Aerospace & Defense) | 40 | 4,408 | ||||||
Ball Corp. (Containers & Packaging) | 181 | 13,288 | ||||||
Berry Global Group, Inc.* (Containers & Packaging) | 74 | 4,266 | ||||||
Block, Inc.*—Class A (IT Services) | 284 | 21,601 | ||||||
Booz Allen Hamilton Holding Corp. (Professional Services) | 76 | 7,294 | ||||||
Broadridge Financial Solutions, Inc. (IT Services) | 66 | 10,596 | ||||||
Builders FirstSource, Inc.* (Building Products) | 97 | 6,596 | ||||||
BWX Technologies, Inc. (Aerospace & Defense) | 51 | 2,891 | ||||||
C.H. Robinson Worldwide, Inc. (Air Freight & Logistics) | 72 | 7,970 | ||||||
CACI International, Inc.*—Class A (Professional Services) | 14 | 4,232 | ||||||
Carlisle Cos., Inc. (Industrial Conglomerates) | 29 | 8,587 | ||||||
Carrier Global Corp. (Building Products) | 478 | 19,373 | ||||||
Caterpillar, Inc. (Machinery) | 301 | 59,674 | ||||||
ChargePoint Holdings, Inc.*(a) (Electrical Equipment) | 101 | 1,526 | ||||||
Chart Industries, Inc.* (Machinery) | 20 | 3,902 | ||||||
Cimpress PLC* (Commercial Services & Supplies) | 10 | 402 | ||||||
Cintas Corp. (Commercial Services & Supplies) | 49 | 20,849 | ||||||
Clarivate PLC* (Professional Services) | 219 | 3,173 | ||||||
Clean Harbors, Inc.* (Commercial Services & Supplies) | 28 | 2,733 | ||||||
Cognex Corp. (Electronic Equipment, Instruments & Components) | 98 | 4,996 | ||||||
Concentrix Corp. (IT Services) | 24 | 3,210 | ||||||
Core & Main, Inc.*—Class A (Trading Companies & Distributors) | 31 | 748 | ||||||
Corning, Inc. (Electronic Equipment, Instruments & Components) | 428 | 15,733 | ||||||
Crane Holdings Co. (Machinery) | 26 | 2,572 | ||||||
Crown Holdings, Inc. (Containers & Packaging) | 69 | 7,016 | ||||||
CSX Corp. (Road & Rail) | 1,227 | 39,669 | ||||||
Cummins, Inc. (Machinery) | 80 | 17,705 | ||||||
Curtiss-Wright Corp. (Aerospace & Defense) | 22 | 3,156 | ||||||
Deere & Co. (Machinery) | 158 | 54,223 | ||||||
Donaldson Co., Inc. (Machinery) | 69 | 3,754 | ||||||
Dover Corp. (Machinery) | 81 | 10,828 | ||||||
Dun & Bradstreet Holdings, Inc.* (Professional Services) | 84 | 1,324 | ||||||
Eagle Materials, Inc. (Construction Materials) | 22 | 2,782 | ||||||
Eaton Corp. PLC (Electrical Equipment) | 225 | 33,387 | ||||||
EMCOR Group, Inc. (Construction & Engineering) | 28 | 3,258 | ||||||
Emerson Electric Co. (Electrical Equipment) | 336 | 30,264 | ||||||
EnerSys (Electrical Equipment) | 23 | 1,516 | ||||||
Equifax, Inc. (Professional Services) | 68 | 14,206 | ||||||
Esab Corp. (Machinery) | 26 | 1,072 | ||||||
Euronet Worldwide, Inc.* (IT Services) | 28 | 2,752 | ||||||
Expeditors International of Washington, Inc. (Air Freight & Logistics) | 95 | 10,094 | ||||||
Fastenal Co. (Trading Companies & Distributors) | 325 | 16,692 | ||||||
FedEx Corp. (Air Freight & Logistics) | 135 | 31,467 | ||||||
Fidelity National Information Services, Inc. (IT Services) | 345 | 35,245 | ||||||
Fiserv, Inc.* (IT Services) | 328 | 34,663 | ||||||
FleetCor Technologies, Inc.* (IT Services) | 43 | 9,464 | ||||||
Flowserve Corp. (Machinery) | 73 | 2,470 | ||||||
Fortive Corp. (Machinery) | 203 | 13,083 | ||||||
Fortune Brands Home & Security, Inc. (Building Products) | 74 | 5,156 | ||||||
FTI Consulting, Inc.* (Professional Services) | 19 | 3,108 | ||||||
Gates Industrial Corp. PLC* (Machinery) | 53 | 652 | ||||||
Generac Holdings, Inc.* (Electrical Equipment) | 36 | 9,659 | ||||||
General Dynamics Corp. (Aerospace & Defense) | 129 | 29,240 | ||||||
General Electric Co. (Industrial Conglomerates) | 621 | 45,898 | ||||||
Genpact, Ltd. (IT Services) | 97 | 4,664 | ||||||
Global Payments, Inc. (IT Services) | 159 | 19,449 | ||||||
Graco, Inc. (Machinery) | 96 | 6,447 | ||||||
Graphic Packaging Holding Co. (Containers & Packaging) | 159 | 3,538 | ||||||
GXO Logistics, Inc.* (Air Freight & Logistics) | 58 | 2,784 | ||||||
HEICO Corp. (Aerospace & Defense) | 24 | 3,785 | ||||||
HEICO Corp.—Class A (Aerospace & Defense) | 42 | 5,363 | ||||||
Hertz Global Holdings, Inc.*(a) (Road & Rail) | 26 | 557 | ||||||
Hexcel Corp. (Aerospace & Defense) | 47 | 2,844 | ||||||
Honeywell International, Inc. (Industrial Conglomerates) | 384 | 73,905 | ||||||
Howmet Aerospace, Inc. (Aerospace & Defense) | 212 | 7,872 | ||||||
Hubbell, Inc. (Electrical Equipment) | 31 | 6,790 | ||||||
Huntington Ingalls Industries, Inc. (Aerospace & Defense) | 22 | 4,770 | ||||||
IDEX Corp. (Machinery) | 43 | 8,976 | ||||||
II-VI, Inc.* (Electronic Equipment, Instruments & Components) | 76 | 4,025 |
See accompanying notes to the financial statements.
110 :: Industrials UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Illinois Tool Works, Inc. (Machinery) | 160 | $ | 33,242 | |||||
Ingersoll Rand, Inc. (Machinery) | 229 | 11,404 | ||||||
Insperity, Inc. (Professional Services) | 20 | 2,195 | ||||||
International Paper Co. (Containers & Packaging) | 209 | 8,939 | ||||||
IPG Photonics Corp.* (Electronic Equipment, Instruments & Components) | 19 | 2,025 | ||||||
Itron, Inc.* (Electronic Equipment, Instruments & Components) | 25 | 1,460 | ||||||
ITT, Inc. (Machinery) | 47 | 3,526 | ||||||
J.B. Hunt Transport Services, Inc. (Road & Rail) | 47 | 8,614 | ||||||
Jabil, Inc. (Electronic Equipment, Instruments & Components) | 80 | 4,747 | ||||||
Jack Henry & Associates, Inc. (IT Services) | 41 | 8,519 | ||||||
Jacobs Engineering Group, Inc. (Professional Services) | 73 | 10,023 | ||||||
Johnson Controls International PLC (Building Products) | 392 | 21,133 | ||||||
KBR, Inc. (Professional Services) | 79 | 4,205 | ||||||
Keysight Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 103 | 16,748 | ||||||
Kirby Corp.* (Marine) | 35 | 2,220 | ||||||
Knight-Swift Transportation Holdings, Inc. (Road & Rail) | 92 | 5,055 | ||||||
L3Harris Technologies, Inc. (Aerospace & Defense) | 108 | 25,917 | ||||||
Landstar System, Inc. (Road & Rail) | 21 | 3,288 | ||||||
Leidos Holdings, Inc. (Professional Services) | 77 | 8,239 | ||||||
Lennox International, Inc. (Building Products) | 19 | 4,551 | ||||||
Lincoln Electric Holdings, Inc. (Machinery) | 33 | 4,668 | ||||||
Littelfuse, Inc. (Electronic Equipment, Instruments & Components) | 15 | 4,183 | ||||||
Lockheed Martin Corp. (Aerospace & Defense) | 134 | 55,451 | ||||||
Louisiana-Pacific Corp. (Paper & Forest Products) | 46 | 2,927 | ||||||
ManpowerGroup, Inc. (Professional Services) | 31 | 2,431 | ||||||
Marqeta, Inc.*—Class A (IT Services) | 205 | 1,966 | ||||||
Martin Marietta Materials, Inc. (Construction Materials) | 35 | 12,323 | ||||||
Masco Corp. (Building Products) | 133 | 7,366 | ||||||
MasTec, Inc.* (Construction & Engineering) | 33 | 2,605 | ||||||
MAXIMUS, Inc. (IT Services) | 35 | 2,340 | ||||||
MDU Resources Group, Inc. (Multi-Utilities) | 114 | 3,257 | ||||||
Mercury Systems, Inc.* (Aerospace & Defense) | 33 | 1,947 | ||||||
MSA Safety, Inc. (Commercial Services & Supplies) | 21 | 2,695 | ||||||
MSC Industrial Direct Co., Inc. (Trading Companies & Distributors) | 26 | 2,149 | ||||||
National Instruments Corp. (Electronic Equipment, Instruments & Components) | 73 | 2,774 | ||||||
Nielsen Holdings PLC (Professional Services) | 202 | 4,838 | ||||||
Nikola Corp.*(a) (Machinery) | 122 | 759 | ||||||
Nordson Corp. (Machinery) | 31 | 7,161 | ||||||
Norfolk Southern Corp. (Road & Rail) | 135 | 33,908 | ||||||
Northrop Grumman Corp. (Aerospace & Defense) | 83 | 39,749 | ||||||
nVent Electric PLC (Electrical Equipment) | 93 | 3,284 | ||||||
Old Dominion Freight Line, Inc. (Road & Rail) | 52 | 15,783 | ||||||
Oshkosh Corp. (Machinery) | 37 | 3,186 | ||||||
Otis Worldwide Corp. (Machinery) | 239 | 18,683 | ||||||
Owens Corning (Building Products) | 55 | 5,101 | ||||||
PACCAR, Inc. (Machinery) | 196 | 17,938 | ||||||
Packaging Corp. of America (Containers & Packaging) | 53 | 7,452 | ||||||
Parker-Hannifin Corp. (Machinery) | 73 | 21,104 | ||||||
Paychex, Inc. (IT Services) | 182 | 23,347 | ||||||
PayPal Holdings, Inc.* (IT Services) | 653 | 56,504 | ||||||
Pentair PLC (Machinery) | 93 | 4,547 | ||||||
PerkinElmer, Inc. (Life Sciences Tools & Services) | 72 | 11,028 | ||||||
Quanta Services, Inc. (Construction & Engineering) | 81 | 11,237 | ||||||
Raytheon Technologies Corp. (Aerospace & Defense) | 839 | 78,202 | ||||||
RBC Bearings, Inc.* (Machinery) | 16 | 3,776 | ||||||
Regal Rexnord Corp. (Electrical Equipment) | 38 | 5,103 | ||||||
Republic Services, Inc. (Commercial Services & Supplies) | 118 | 16,362 | ||||||
Robert Half International, Inc. (Professional Services) | 63 | 4,986 | ||||||
Rockwell Automation, Inc. (Electrical Equipment) | 65 | 16,593 | ||||||
Saia, Inc.* (Road & Rail) | 15 | 3,568 | ||||||
Science Applications International Corp. (Professional Services) | 32 | 3,100 | ||||||
Sealed Air Corp. (Containers & Packaging) | 82 | 5,012 | ||||||
Sensata Technologies Holding PLC (Electrical Equipment) | 88 | 3,913 | ||||||
Shift4 Payments, Inc.*—Class A (IT Services) | 30 | 1,093 | ||||||
Shoals Technologies Group, Inc.*—Class A (Electrical Equipment) | 63 | 1,489 | ||||||
Silgan Holdings, Inc. (Containers & Packaging) | 47 | 2,092 | ||||||
Siteone Landscape Supply, Inc.* (Trading Companies & Distributors) | 25 | 3,483 | ||||||
Snap-on, Inc. (Machinery) | 31 | 6,946 | ||||||
Sonoco Products Co. (Containers & Packaging) | 56 | 3,555 | ||||||
SS&C Technologies Holdings, Inc. (Software) | 125 | 7,396 | ||||||
Stericycle, Inc.* (Commercial Services & Supplies) | 51 | 2,390 | ||||||
Sunrun, Inc.* (Electrical Equipment) | 118 | 3,857 | ||||||
TaskUS, Inc.*—Class A (IT Services) | 15 | 315 | ||||||
TE Connectivity, Ltd. (Electronic Equipment, Instruments & Components) | 182 | 24,339 | ||||||
Teledyne Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 26 | 10,176 | ||||||
Tetra Tech, Inc. (Commercial Services & Supplies) | 31 | 4,751 | ||||||
Textron, Inc. (Aerospace & Defense) | 121 | 7,942 | ||||||
The Boeing Co.* (Aerospace & Defense) | 313 | 49,864 | ||||||
The Middleby Corp.* (Machinery) | 31 | 4,485 | ||||||
The Sherwin-Williams Co. (Chemicals) | 135 | 32,662 | ||||||
The Timken Co. (Machinery) | 38 | 2,484 | ||||||
The Toro Co. (Machinery) | 59 | 5,073 | ||||||
The Western Union Co. (IT Services) | 217 | 3,693 | ||||||
Toast, Inc.*—Class A (IT Services) | 137 | 2,189 | ||||||
Trane Technologies PLC (Building Products) | 133 | 19,550 | ||||||
TransDigm Group, Inc.* (Aerospace & Defense) | 29 | 18,048 | ||||||
TransUnion (Professional Services) | 108 | 8,557 | ||||||
Trex Co., Inc.* (Building Products) | 63 | 4,065 | ||||||
Trimble, Inc.* (Electronic Equipment, Instruments & Components) | 141 | 9,790 | ||||||
TriNet Group, Inc.* (Professional Services) | 22 | 1,815 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Industrials UltraSector ProFund :: 111
Common Stocks, continued
Shares | Value | |||||||
TuSimple Holdings, Inc.*—Class A (Road & Rail) | 20 | $ | 199 | |||||
Union Pacific Corp. (Road & Rail) | 355 | 80,691 | ||||||
United Parcel Service, Inc.—Class B (Air Freight & Logistics) | 414 | 80,685 | ||||||
United Rentals, Inc.* (Trading Companies & Distributors) | 40 | 12,907 | ||||||
Univar Solutions, Inc.* (Trading Companies & Distributors) | 95 | 2,569 | ||||||
Upwork, Inc.* (Professional Services) | 67 | 1,244 | ||||||
Valmont Industries, Inc. (Construction & Engineering) | 12 | 3,258 | ||||||
Verisk Analytics, Inc. (Professional Services) | 88 | 16,741 | ||||||
Vertiv Holdings Co. (Electrical Equipment) | 172 | 1,964 | ||||||
Virgin Galactic Holdings, Inc.* (Aerospace & Defense) | 100 | 744 | ||||||
Vontier Corp. (Electronic Equipment, Instruments & Components) | 91 | 2,348 | ||||||
Vulcan Materials Co. (Construction Materials) | 76 | 12,565 | ||||||
W.W. Grainger, Inc. (Trading Companies & Distributors) | 24 | 13,045 | ||||||
Waste Management, Inc. (Commercial Services & Supplies) | 216 | 35,545 | ||||||
Watsco, Inc. (Trading Companies & Distributors) | 19 | 5,205 | ||||||
WESCO International, Inc.* (Trading Companies & Distributors) | 1 | 128 | ||||||
Westinghouse Air Brake Technologies Corp. (Machinery) | 103 | 9,627 | ||||||
WestRock Co. (Containers & Packaging) | 144 | 6,100 | ||||||
WEX, Inc.* (IT Services) | 25 | 4,155 | ||||||
WillScot Mobile Mini Holdings Corp.* (Construction & Engineering) | 125 | 4,826 | ||||||
Woodward, Inc. (Machinery) | 35 | 3,665 | ||||||
XPO Logistics, Inc.* (Air Freight & Logistics) | 56 | 3,345 | ||||||
Xylem, Inc. (Machinery) | 101 | 9,295 | ||||||
Zebra Technologies Corp.* (Electronic Equipment, Instruments & Components) | 29 | 10,373 | ||||||
Zurn Elkay Water Solutions Corp. (Building Products) | 71 | 2,055 | ||||||
TOTAL COMMON STOCKS (Cost $851,342) | 2,475,640 |
Repurchase Agreements(b)(c) (27.9%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $1,013,184 | $ | 1,013,000 | $ | 1,013,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $1,013,000) | 1,013,000 |
Collateral for Securities Loaned(d) (0.1%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(e) | 1,954 | $ | 1,954 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $1,954) | 1,954 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $1,866,296)—96.2% | 3,490,594 | |||||||
Net other assets (liabilities)—3.8% | 139,205 | |||||||
NET ASSETS—100.0% | $ | 3,629,799 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $1,880. |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $617,000. |
(d) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(e) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones U.S. Industrials Index | Goldman Sachs International | 8/23/22 | 2.93 | % | $ | 1,262,702 | $ | 64,479 | ||||||||
Dow Jones U.S. Industrials Index | UBS AG | 8/23/22 | 2.68 | % | 1,679,166 | 86,743 | ||||||||||
$ | 2,941,868 | $ | 151,222 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
112 :: Industrials UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Industrials UltraSector ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Aerospace & Defense | $ | 342,193 | 9.4 | % | ||||
Air Freight & Logistics | 136,345 | 3.8 | % | |||||
Building Products | 110,925 | 3.0 | % | |||||
Chemicals | 32,662 | 0.9 | % | |||||
Commercial Services & Supplies | 85,727 | 2.4 | % | |||||
Construction & Engineering | 30,944 | 0.8 | % | |||||
Construction Materials | 27,670 | 0.8 | % | |||||
Containers & Packaging | 85,523 | 2.4 | % | |||||
Electrical Equipment | 138,867 | 3.8 | % | |||||
Electronic Equipment, Instruments & Components | 147,339 | 4.1 | % | |||||
Industrial Conglomerates | 174,513 | 4.8 | % | |||||
IT Services | 414,780 | 11.3 | % | |||||
Life Sciences Tools & Services | 11,028 | 0.3 | % | |||||
Machinery | 362,999 | 10.0 | % | |||||
Marine | 2,220 | 0.1 | % | |||||
Multi-Utilities | 3,257 | 0.1 | % | |||||
Paper & Forest Products | 2,927 | 0.1 | % | |||||
Professional Services | 105,702 | 2.9 | % | |||||
Road & Rail | 191,332 | 5.3 | % | |||||
Software | 7,396 | 0.2 | % | |||||
Trading Companies & Distributors | 61,291 | 1.7 | % | |||||
Other** | 1,154,159 | 31.8 | % | |||||
Total | $ | 3,629,799 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Internet UltraSector ProFund :: 113
Common Stocks (73.4%)
Shares | Value | |||||||
Airbnb, Inc.*—Class A (Hotels, Restaurants & Leisure) | 14,518 | $ | 1,611,208 | |||||
Akamai Technologies, Inc.* (IT Services) | 11,310 | 1,088,248 | ||||||
Alphabet, Inc.*—Class A (Interactive Media & Services) | 27,078 | 3,149,713 | ||||||
Alphabet, Inc.*—Class C (Interactive Media & Services) | 24,828 | 2,895,938 | ||||||
Amazon.com, Inc.* (Internet & Direct Marketing Retail) | 45,381 | 6,124,165 | ||||||
Arista Networks, Inc.* (Communications Equipment) | 12,928 | 1,507,793 | ||||||
Box, Inc.*—Class A (Software) | 23,028 | 654,916 | ||||||
Ciena Corp.* (Communications Equipment) | 16,802 | 866,983 | ||||||
Cisco Systems, Inc. (Communications Equipment) | 67,096 | 3,044,146 | ||||||
Citrix Systems, Inc. (Software) | 10,290 | 1,043,509 | ||||||
Cloudflare, Inc.*—Class A (Software) | 20,316 | 1,022,301 | ||||||
CommScope Holding Co., Inc.* (Communications Equipment) | 52,370 | 472,901 | ||||||
Coupa Software, Inc.* (Software) | 9,934 | 649,883 | ||||||
Datadog, Inc.*—Class A (Software) | 13,407 | 1,367,648 | ||||||
DocuSign, Inc.* (Software) | 13,266 | 848,759 | ||||||
Dropbox, Inc.* (Software) | 32,840 | 746,782 | ||||||
eBay, Inc. (Internet & Direct Marketing Retail) | 29,720 | 1,445,284 | ||||||
Etsy, Inc.* (Internet & Direct Marketing Retail) | 11,300 | 1,172,036 | ||||||
Expedia Group, Inc.* (Hotels, Restaurants & Leisure) | 9,584 | 1,016,383 | ||||||
Fastly, Inc.*—Class A (IT Services) | 31,220 | 354,971 | ||||||
GoDaddy, Inc.*—Class A (IT Services) | 13,568 | 1,006,474 | ||||||
Juniper Networks, Inc. (Communications Equipment) | 30,373 | 851,355 | ||||||
Match Group, Inc.* (Interactive Media & Services) | 16,031 | 1,175,232 | ||||||
Meta Platforms, Inc.*—Class A (Interactive Media & Services) | 20,791 | 3,307,847 | ||||||
Netflix, Inc.* (Entertainment) | 11,243 | 2,528,551 | ||||||
Nutanix, Inc.*—Class A (Software) | 37,214 | 563,048 | ||||||
Okta, Inc.* (IT Services) | 10,921 | 1,075,172 | ||||||
Opendoor Technologies, Inc.* (Real Estate Management & Development) | 74,481 | 365,702 | ||||||
PayPal Holdings, Inc.* (IT Services) | 27,414 | 2,372,134 | ||||||
Pinterest, Inc.*—Class A (Interactive Media & Services) | 48,254 | 939,988 | ||||||
Salesforce, Inc.* (Software) | 15,982 | 2,941,007 | ||||||
Snap, Inc.* (Interactive Media & Services) | 75,962 | 750,505 | ||||||
Snowflake, Inc.*—Class A (IT Services) | 11,445 | 1,715,721 | ||||||
Teladoc Health, Inc.* (Health Care Technology) | 20,601 | 759,147 | ||||||
Twitter, Inc.* (Interactive Media & Services) | 37,318 | 1,552,802 | ||||||
Veeva Systems, Inc.*—Class A (Health Care Technology) | 7,411 | 1,656,951 | ||||||
Workday, Inc.*—Class A (Software) | 9,557 | 1,482,291 | ||||||
Zillow Group, Inc.*—Class A (Real Estate Management & Development) | 3,753 | 131,355 | ||||||
Zillow Group, Inc.*—Class C (Real Estate Management & Development) | 17,038 | 594,285 | ||||||
Zoom Video Communications, Inc.*—Class A (Software) | 12,180 | 1,265,015 | ||||||
ZoomInfo Technologies, Inc.*—Class A (Interactive Media & Services) | 25,052 | 949,220 | ||||||
TOTAL COMMON STOCKS (Cost $40,483,384) | 59,067,369 |
Repurchase Agreements(a)(b) (23.9%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $19,189,484 | $ | 19,186,000 | $ | 19,186,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $19,186,000) | 19,186,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $59,669,384)—97.3% | 78,253,369 | |||||||
Net other assets (liabilities)—2.7% | 2,151,080 | |||||||
NET ASSETS—100.0% | $ | 80,404,449 |
* | Non-income producing security. |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $10,719,000. |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones Composite Internet Index | Goldman Sachs International | 8/23/22 | 2.93 | % | $ | 29,803,724 | $ | 1,210,326 | ||||||||
Dow Jones Composite Internet Index | UBS AG | 8/23/22 | 2.68 | % | 31,894,172 | 1,144,052 | ||||||||||
$ | 61,697,896 | $ | 2,354,378 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
114 :: Internet UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Internet UltraSector ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Communications Equipment | $ | 6,743,178 | 8.4 | % | ||||
Entertainment | 2,528,551 | 3.1 | % | |||||
Health Care Technology | 2,416,098 | 3.0 | % | |||||
Hotels, Restaurants & Leisure | 2,627,591 | 3.3 | % | |||||
Interactive Media & Services | 14,721,246 | 18.2 | % | |||||
Internet & Direct Marketing Retail | 8,741,485 | 10.9 | % | |||||
IT Services | 7,612,720 | 9.5 | % | |||||
Real Estate Management & Development | 1,091,342 | 1.4 | % | |||||
Software | 12,585,158 | 15.6 | % | |||||
Other** | 21,337,080 | 26.6 | % | |||||
Total | $ | 80,404,449 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Large-Cap Growth ProFund :: 115
Common Stocks (100.0%)
Shares | Value | |||||||
A.O. Smith Corp. (Building Products) | 46 | $ | 2,910 | |||||
Abbott Laboratories (Health Care Equipment & Supplies) | 661 | 71,943 | ||||||
AbbVie, Inc. (Biotechnology) | 679 | 97,444 | ||||||
ABIOMED, Inc.* (Health Care Equipment & Supplies) | 18 | 5,274 | ||||||
Accenture PLC—Class A (IT Services) | 262 | 80,240 | ||||||
Adobe, Inc.* (Software) | 337 | 138,210 | ||||||
Advance Auto Parts, Inc. (Specialty Retail) | 20 | 3,872 | ||||||
Advanced Micro Devices, Inc.* (Semiconductors & Semiconductor Equipment) | 1,155 | 109,113 | ||||||
Agilent Technologies, Inc. (Life Sciences Tools & Services) | 128 | 17,165 | ||||||
Akamai Technologies, Inc.* (IT Services) | 48 | 4,619 | ||||||
Albemarle Corp. (Chemicals) | 57 | 13,926 | ||||||
Align Technology, Inc.* (Health Care Equipment & Supplies) | 52 | 14,610 | ||||||
Alphabet, Inc.*—Class A (Interactive Media & Services) | 4,287 | 498,665 | ||||||
Alphabet, Inc.*—Class C (Interactive Media & Services) | 3,930 | 458,395 | ||||||
Amazon.com, Inc.* (Internet & Direct Marketing Retail) | 6,234 | 841,277 | ||||||
American Express Co. (Consumer Finance) | 192 | 29,572 | ||||||
American Tower Corp. (Equity Real Estate Investment Trusts (REITs)) | 169 | 45,769 | ||||||
Ameriprise Financial, Inc. (Capital Markets) | 48 | 12,956 | ||||||
Amgen, Inc. (Biotechnology) | 156 | 38,605 | ||||||
Amphenol Corp.—Class A (Electronic Equipment, Instruments & Components) | 226 | 17,432 | ||||||
ANSYS, Inc.* (Software) | 38 | 10,602 | ||||||
Aon PLC (Insurance) | 91 | 26,485 | ||||||
APA Corp. (Oil, Gas & Consumable Fuels) | 132 | 4,906 | ||||||
Apple, Inc. (Technology Hardware, Storage & Peripherals) | 10,955 | 1,780,298 | ||||||
Applied Materials, Inc. (Semiconductors & Semiconductor Equipment) | 630 | 66,767 | ||||||
Aptiv PLC* (Auto Components) | 79 | 8,286 | ||||||
Arista Networks, Inc.* (Communications Equipment) | 160 | 18,661 | ||||||
Arthur J. Gallagher & Co. (Insurance) | 66 | 11,813 | ||||||
Autodesk, Inc.* (Software) | 99 | 21,416 | ||||||
Automatic Data Processing, Inc. (IT Services) | 158 | 38,097 | ||||||
AutoZone, Inc.* (Specialty Retail) | 14 | 29,923 | ||||||
AvalonBay Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 42 | 8,985 | ||||||
Avery Dennison Corp. (Containers & Packaging) | 30 | 5,714 | ||||||
Bank of America Corp. (Banks) | 2,222 | 75,126 | ||||||
Bath & Body Works, Inc. (Specialty Retail) | 110 | 3,909 | ||||||
Bio-Rad Laboratories, Inc.*—Class A (Life Sciences Tools & Services) | 9 | 5,069 | ||||||
Bio-Techne Corp. (Life Sciences Tools & Services) | 28 | 10,788 | ||||||
BlackRock, Inc.—Class A (Capital Markets) | 52 | 34,797 | ||||||
Broadcom, Inc. (Semiconductors & Semiconductor Equipment) | 166 | 88,890 | ||||||
Broadridge Financial Solutions, Inc. (IT Services) | 36 | 5,780 | ||||||
Brown & Brown, Inc. (Insurance) | 115 | 7,487 | ||||||
Cadence Design Systems, Inc.* (Software) | 196 | 36,472 | ||||||
Caesars Entertainment, Inc.* (Hotels, Restaurants & Leisure) | 97 | 4,432 | ||||||
Camden Property Trust (Equity Real Estate Investment Trusts (REITs)) | 76 | 10,724 | ||||||
Capital One Financial Corp. (Consumer Finance) | 134 | 14,717 | ||||||
CarMax, Inc.* (Specialty Retail) | 60 | 5,972 | ||||||
Catalent, Inc.* (Pharmaceuticals) | 76 | 8,596 | ||||||
Cboe Global Markets, Inc. (Capital Markets) | 44 | 5,429 | ||||||
CBRE Group, Inc.*—Class A (Real Estate Management & Development) | 116 | 9,932 | ||||||
CDW Corp. (Electronic Equipment, Instruments & Components) | 57 | 10,347 | ||||||
Celanese Corp. (Chemicals) | 33 | 3,878 | ||||||
Ceridian HCM Holding, Inc.* (Software) | 40 | 2,191 | ||||||
CF Industries Holdings, Inc. (Chemicals) | 89 | 8,499 | ||||||
Charles River Laboratories International, Inc.* (Life Sciences Tools & Services) | 36 | 9,019 | ||||||
Chipotle Mexican Grill, Inc.* (Hotels, Restaurants & Leisure) | 13 | 20,335 | ||||||
Cincinnati Financial Corp. (Insurance) | 50 | 4,867 | ||||||
Cintas Corp. (Commercial Services & Supplies) | 28 | 11,914 | ||||||
Cisco Systems, Inc. (Communications Equipment) | 1,332 | 60,433 | ||||||
Comerica, Inc. (Banks) | 42 | 3,266 | ||||||
Copart, Inc.* (Commercial Services & Supplies) | 104 | 13,322 | ||||||
Costco Wholesale Corp. (Food & Staples Retailing) | 161 | 87,149 | ||||||
Crown Castle International Corp. (Equity Real Estate Investment Trusts (REITs)) | 139 | 25,112 | ||||||
D.R. Horton, Inc. (Household Durables) | 121 | 9,442 | ||||||
Danaher Corp. (Health Care Equipment & Supplies) | 314 | 91,522 | ||||||
Deere & Co. (Machinery) | 91 | 31,228 | ||||||
Devon Energy Corp. (Oil, Gas & Consumable Fuels) | 437 | 27,466 | ||||||
DexCom, Inc.* (Health Care Equipment & Supplies) | 280 | 22,982 | ||||||
Diamondback Energy, Inc. (Oil, Gas & Consumable Fuels) | 119 | 15,234 | ||||||
Discover Financial Services (Consumer Finance) | 200 | 20,200 | ||||||
Domino’s Pizza, Inc. (Hotels, Restaurants & Leisure) | 17 | 6,666 | ||||||
Dover Corp. (Machinery) | 47 | 6,283 | ||||||
Duke Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 177 | 11,073 | ||||||
eBay, Inc. (Internet & Direct Marketing Retail) | 307 | 14,929 | ||||||
Edwards Lifesciences Corp.* (Health Care Equipment & Supplies) | 279 | 28,051 | ||||||
Eli Lilly & Co. (Pharmaceuticals) | 562 | 185,285 | ||||||
Enphase Energy, Inc.* (Semiconductors & Semiconductor Equipment) | 96 | 27,281 | ||||||
EOG Resources, Inc. (Oil, Gas & Consumable Fuels) | 192 | 21,354 | ||||||
EPAM Systems, Inc.* (IT Services) | 41 | 14,319 | ||||||
Equifax, Inc. (Professional Services) | 87 | 18,175 | ||||||
Equinix, Inc. (Equity Real Estate Investment Trusts (REITs)) | 30 | 21,112 | ||||||
Essex Property Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 20 | 5,731 | ||||||
Etsy, Inc.* (Internet & Direct Marketing Retail) | 91 | 9,439 |
See accompanying notes to the financial statements.
116 :: Large-Cap Growth ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Expeditors International of Washington, Inc. (Air Freight & Logistics) | 120 | $ | 12,750 | |||||
Extra Space Storage, Inc. (Equity Real Estate Investment Trusts (REITs)) | 96 | 18,194 | ||||||
F5, Inc.* (Communications Equipment) | 23 | 3,849 | ||||||
FactSet Research Systems, Inc. (Capital Markets) | 16 | 6,875 | ||||||
Fastenal Co. (Trading Companies & Distributors) | 197 | 10,118 | ||||||
Federal Realty Investment Trust (Equity Real Estate Investment Trusts (REITs)) | 21 | 2,218 | ||||||
First Horizon Corp. (Banks) | 1 | 18 | ||||||
First Republic Bank (Banks) | 128 | 20,827 | ||||||
Fortinet, Inc.* (Software) | 475 | 28,334 | ||||||
Fortune Brands Home & Security, Inc. (Building Products) | 42 | 2,927 | ||||||
Franklin Resources, Inc. (Capital Markets) | 90 | 2,471 | ||||||
Freeport-McMoRan, Inc. (Metals & Mining) | 454 | 14,323 | ||||||
Garmin, Ltd. (Household Durables) | 55 | 5,369 | ||||||
Gartner, Inc.* (IT Services) | 58 | 15,398 | ||||||
Generac Holdings, Inc.* (Electrical Equipment) | 45 | 12,074 | ||||||
HCA Healthcare, Inc. (Health Care Providers & Services) | 94 | 19,967 | ||||||
Hess Corp. (Oil, Gas & Consumable Fuels) | 140 | 15,746 | ||||||
Hilton Worldwide Holdings, Inc. (Hotels, Restaurants & Leisure) | 81 | 10,374 | ||||||
Hologic, Inc.* (Health Care Equipment & Supplies) | 131 | 9,351 | ||||||
HP, Inc. (Technology Hardware, Storage & Peripherals) | 375 | 12,521 | ||||||
IDEX Corp. (Machinery) | 22 | 4,593 | ||||||
IDEXX Laboratories, Inc.* (Health Care Equipment & Supplies) | 42 | 16,766 | ||||||
Illinois Tool Works, Inc. (Machinery) | 83 | 17,243 | ||||||
Illumina, Inc.* (Life Sciences Tools & Services) | 55 | 11,917 | ||||||
Incyte Corp.* (Biotechnology) | 58 | 4,505 | ||||||
Intercontinental Exchange, Inc. (Capital Markets) | 226 | 23,050 | ||||||
Intuit, Inc. (Software) | 202 | 92,146 | ||||||
Intuitive Surgical, Inc.* (Health Care Equipment & Supplies) | 176 | 40,510 | ||||||
IQVIA Holdings, Inc.* (Life Sciences Tools & Services) | 99 | 23,787 | ||||||
Iron Mountain, Inc. (Equity Real Estate Investment Trusts (REITs)) | 126 | 6,110 | ||||||
J.B. Hunt Transport Services, Inc. (Road & Rail) | 36 | 6,598 | ||||||
Jacobs Engineering Group, Inc. (Professional Services) | 40 | 5,492 | ||||||
Johnson Controls International PLC (Building Products) | 303 | 16,335 | ||||||
JPMorgan Chase & Co. (Banks) | 963 | 111,091 | ||||||
Keurig Dr Pepper, Inc. (Beverages) | 125 | 4,843 | ||||||
Keysight Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 97 | 15,772 | ||||||
KLA Corp. (Semiconductors & Semiconductor Equipment) | 107 | 41,039 | ||||||
L3Harris Technologies, Inc. (Aerospace & Defense) | 58 | 13,919 | ||||||
Laboratory Corp. of America Holdings (Health Care Providers & Services) | 35 | 9,177 | ||||||
Lam Research Corp. (Semiconductors & Semiconductor Equipment) | 99 | 49,550 | ||||||
Linde PLC (Chemicals) | 183 | 55,265 | ||||||
Live Nation Entertainment, Inc.* (Entertainment) | 42 | 3,948 | ||||||
LKQ Corp. (Distributors) | 80 | 4,387 | ||||||
Lowe’s Cos., Inc. (Specialty Retail) | 471 | 90,212 | ||||||
MarketAxess Holdings, Inc. (Capital Markets) | 13 | 3,520 | ||||||
Marriott International, Inc.—Class A (Hotels,Restaurants & Leisure) | 1 | 112 | ||||||
Marsh & McLennan Cos., Inc. (Insurance) | 218 | 35,743 | ||||||
Martin Marietta Materials, Inc. (Construction Materials) | 26 | 9,154 | ||||||
Masco Corp. (Building Products) | 80 | 4,430 | ||||||
Mastercard, Inc.—Class A (IT Services) | 288 | 101,892 | ||||||
McDonald’s Corp. (Hotels, Restaurants & Leisure) | 237 | 62,418 | ||||||
Meta Platforms, Inc.*—Class A (Interactive Media & Services) | 1,634 | 259,969 | ||||||
Mettler-Toledo International, Inc.* (Life Sciences Tools & Services) | 11 | 14,847 | ||||||
Microchip Technology, Inc. (Semiconductors & Semiconductor Equipment) | 190 | 13,083 | ||||||
Microsoft Corp. (Software) | 5,330 | 1,496,343 | ||||||
Mid-America Apartment Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 51 | 9,472 | ||||||
Moderna, Inc.* (Biotechnology) | 247 | 40,530 | ||||||
Molina Healthcare, Inc.* (Health Care Providers & Services) | 20 | 6,554 | ||||||
Monolithic Power Systems, Inc. (Semiconductors & Semiconductor Equipment) | 31 | 14,406 | ||||||
Monster Beverage Corp.* (Beverages) | 139 | 13,847 | ||||||
Moody’s Corp. (Capital Markets) | 75 | 23,269 | ||||||
Morgan Stanley (Capital Markets) | 488 | 41,138 | ||||||
Motorola Solutions, Inc. (Communications Equipment) | 70 | 16,701 | ||||||
MSCI, Inc.—Class A (Capital Markets) | 58 | 27,918 | ||||||
Nasdaq, Inc. (Capital Markets) | 64 | 11,578 | ||||||
NetApp, Inc. (Technology Hardware, Storage & Peripherals) | 113 | 8,060 | ||||||
Netflix, Inc.* (Entertainment) | 317 | 71,293 | ||||||
Newell Brands, Inc. (Household Durables) | 138 | 2,789 | ||||||
NIKE, Inc.—Class B (Textiles, Apparel & Luxury Goods) | 489 | 56,196 | ||||||
Nordson Corp. (Machinery) | 23 | 5,313 | ||||||
NRG Energy, Inc. (Electric Utilities) | 168 | 6,342 | ||||||
Nucor Corp. (Metals & Mining) | 102 | 13,852 | ||||||
NVIDIA Corp. (Semiconductors & Semiconductor Equipment) | 1,784 | 324,028 | ||||||
NVR, Inc.* (Household Durables) | 1 | 4,393 | ||||||
NXP Semiconductors N.V. (Semiconductors & Semiconductor Equipment) | 118 | 21,698 | ||||||
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 260 | 17,095 | ||||||
Old Dominion Freight Line, Inc. (Road & Rail) | 65 | 19,728 | ||||||
ON Semiconductor Corp.* (Semiconductors & Semiconductor Equipment) | 235 | 15,693 | ||||||
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 137 | 8,184 | ||||||
Oracle Corp. (Software) | 1,122 | 87,336 | ||||||
O’Reilly Automotive, Inc.* (Specialty Retail) | 47 | 33,069 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Large-Cap Growth ProFund :: 117
Common Stocks, continued
Shares | Value | |||||||
Otis Worldwide Corp. (Machinery) | 121 | $ | 9,459 | |||||
Paychex, Inc. (IT Services) | 122 | 15,650 | ||||||
Paycom Software, Inc.* (Software) | 26 | 8,593 | ||||||
PayPal Holdings, Inc.* (IT Services) | 446 | 38,592 | ||||||
Pentair PLC (Machinery) | 68 | 3,325 | ||||||
PepsiCo, Inc. (Beverages) | 414 | 72,433 | ||||||
PerkinElmer, Inc. (Life Sciences Tools & Services) | 90 | 13,785 | ||||||
Pfizer, Inc. (Pharmaceuticals) | 2,159 | 109,051 | ||||||
Pioneer Natural Resources Co. (Oil, Gas & Consumable Fuels) | 90 | 21,326 | ||||||
Pool Corp. (Distributors) | 28 | 10,016 | ||||||
Prologis, Inc. (Equity Real Estate Investment Trusts (REITs)) | 322 | 42,684 | ||||||
PTC, Inc.* (Software) | 37 | 4,565 | ||||||
Public Storage (Equity Real Estate Investment Trusts (REITs)) | 64 | 20,890 | ||||||
Qorvo, Inc.* (Semiconductors & Semiconductor Equipment) | 38 | 3,955 | ||||||
Qualcomm, Inc. (Semiconductors & Semiconductor Equipment) | 798 | 115,758 | ||||||
Quanta Services, Inc. (Construction & Engineering) | 55 | 7,630 | ||||||
Quest Diagnostics, Inc. (Health Care Providers & Services) | 38 | 5,190 | ||||||
Raymond James Financial, Inc. (Capital Markets) | 82 | 8,075 | ||||||
Regeneron Pharmaceuticals, Inc.* (Biotechnology) | 77 | 44,790 | ||||||
Regions Financial Corp. (Banks) | 300 | 6,354 | ||||||
Republic Services, Inc. (Commercial Services & Supplies) | 65 | 9,013 | ||||||
ResMed, Inc. (Health Care Equipment & Supplies) | 60 | 14,431 | ||||||
Robert Half International, Inc. (Professional Services) | 53 | 4,194 | ||||||
Rockwell Automation, Inc. (Electrical Equipment) | 44 | 11,232 | ||||||
Rollins, Inc. (Commercial Services & Supplies) | 70 | 2,700 | ||||||
S&P Global, Inc. (Capital Markets) | 151 | 56,916 | ||||||
Salesforce, Inc.* (Software) | 433 | 79,681 | ||||||
SBA Communications Corp. (Equity Real Estate Investment Trusts (REITs)) | 44 | 14,775 | ||||||
Seagate Technology Holdings PLC (Technology Hardware, Storage & Peripherals) | 103 | 8,238 | ||||||
Sealed Air Corp. (Containers & Packaging) | 57 | 3,484 | ||||||
ServiceNow, Inc.* (Software) | 143 | 63,872 | ||||||
Signature Bank (Banks) | 45 | 8,351 | ||||||
Simon Property Group, Inc. (Equity Real Estate Investment Trusts (REITs)) | 140 | 15,210 | ||||||
Skyworks Solutions, Inc. (Semiconductors & Semiconductor Equipment) | 54 | 5,880 | ||||||
SolarEdge Technologies, Inc.* (Semiconductors & Semiconductor Equipment) | 30 | 10,804 | ||||||
Starbucks Corp. (Hotels, Restaurants & Leisure) | 417 | 35,353 | ||||||
STERIS PLC (Health Care Equipment & Supplies) | 30 | 6,770 | ||||||
Stryker Corp. (Health Care Equipment & Supplies) | 99 | 21,260 | ||||||
SVB Financial Group* (Banks) | 42 | 16,949 | ||||||
Synchrony Financial (Consumer Finance) | 202 | 6,763 | ||||||
Synopsys, Inc.* (Software) | 73 | 26,828 | ||||||
T. Rowe Price Group, Inc. (Capital Markets) | 113 | 13,952 | ||||||
Take-Two Interactive Software, Inc.* (Entertainment) | 70 | 9,291 | ||||||
Target Corp. (Multiline Retail) | 181 | 29,572 | ||||||
Teradyne, Inc. (Semiconductors & Semiconductor Equipment) | 114 | 11,501 | ||||||
Tesla, Inc.* (Automobiles) | 599 | 533,979 | ||||||
Texas Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 322 | 57,603 | ||||||
The Charles Schwab Corp. (Capital Markets) | 731 | 50,476 | ||||||
The Estee Lauder Co., Inc. (Personal Products) | 98 | 26,764 | ||||||
The Goldman Sachs Group, Inc. (Capital Markets) | 244 | 81,346 | ||||||
The Hershey Co. (Food Products) | 47 | 10,714 | ||||||
The Home Depot, Inc. (Specialty Retail) | 560 | 168,527 | ||||||
The Sherwin-Williams Co. (Chemicals) | 91 | 22,017 | ||||||
Thermo Fisher Scientific, Inc. (Life Sciences Tools & Services) | 279 | 166,957 | ||||||
Tractor Supply Co. (Specialty Retail) | 80 | 15,318 | ||||||
TransDigm Group, Inc.* (Aerospace & Defense) | 16 | 9,957 | ||||||
Trimble, Inc.* (Electronic Equipment, Instruments & Components) | 99 | 6,874 | ||||||
Twitter, Inc.* (Interactive Media & Services) | 261 | 10,860 | ||||||
Tyler Technologies, Inc.* (Software) | 18 | 7,182 | ||||||
UDR, Inc. (Equity Real Estate Investment Trusts (REITs)) | 117 | 5,663 | ||||||
Ulta Beauty, Inc.* (Specialty Retail) | 20 | 7,778 | ||||||
Union Pacific Corp. (Road & Rail) | 184 | 41,823 | ||||||
United Parcel Service, Inc.—Class B (Air Freight & Logistics) | 225 | 43,850 | ||||||
United Rentals, Inc.* (Trading Companies & Distributors) | 31 | 10,003 | ||||||
UnitedHealth Group, Inc. (Health Care Providers & Services) | 281 | 152,398 | ||||||
VeriSign, Inc.* (IT Services) | 32 | 6,053 | ||||||
Verisk Analytics, Inc. (Professional Services) | 58 | 11,035 | ||||||
Vertex Pharmaceuticals, Inc.* (Biotechnology) | 109 | 30,565 | ||||||
Visa, Inc.—Class A (IT Services) | 504 | 106,903 | ||||||
Vulcan Materials Co. (Construction Materials) | 45 | 7,440 | ||||||
Waste Management, Inc. (Commercial Services & Supplies) | 139 | 22,874 | ||||||
Waters Corp.* (Life Sciences Tools & Services) | 32 | 11,649 | ||||||
West Pharmaceutical Services, Inc. (Health Care Equipment & Supplies) | 52 | 17,865 | ||||||
Weyerhaeuser Co. (Equity Real Estate Investment Trusts (REITs)) | 222 | 8,063 | ||||||
Xylem, Inc. (Machinery) | 52 | 4,786 | ||||||
Yum! Brands, Inc. (Hotels, Restaurants & Leisure) | 96 | 11,764 | ||||||
Zebra Technologies Corp.* (Electronic Equipment, Instruments & Components) | 28 | 10,015 | ||||||
Zions Bancorp (Banks) | 51 | 2,782 | ||||||
Zoetis, Inc. (Pharmaceuticals) | 221 | 40,344 | ||||||
TOTAL COMMON STOCKS (Cost $4,653,854) | 12,275,494 |
See accompanying notes to the financial statements.
118 :: Large-Cap Growth ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Repurchase Agreement(a)(NM)
Principal Amount | Value | |||||||
Repurchase Agreement with UMB Bank N.A., rate 2.20%, dated 7/29/22, due 8/1/22, total to be received $3,001 | $ | 3,000 | $ | 3,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $3,000) | 3,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $4,656,854)—100.0% | 12,278,494 | |||||||
Net other assets (liabilities)—NM | 3,666 | |||||||
NET ASSETS—100.0% | $ | 12,282,160 |
* | Non-income producing security. |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
Large-Cap Growth ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Aerospace & Defense | $ | 23,876 | 0.2 | % | ||||
Air Freight & Logistics | 56,600 | 0.5 | % | |||||
Auto Components | 8,286 | 0.1 | % | |||||
Automobiles | 533,979 | 4.3 | % | |||||
Banks | 244,764 | 2.0 | % | |||||
Beverages | 91,123 | 0.7 | % | |||||
Biotechnology | 256,439 | 2.1 | % | |||||
Building Products | 26,602 | 0.2 | % | |||||
Capital Markets | 403,766 | 3.3 | % | |||||
Chemicals | 103,585 | 0.8 | % | |||||
Commercial Services & Supplies | 59,823 | 0.5 | % | |||||
Communications Equipment | 99,644 | 0.8 | % | |||||
Construction & Engineering | 7,630 | 0.1 | % | |||||
Construction Materials | 16,594 | 0.1 | % | |||||
Consumer Finance | 71,252 | 0.6 | % | |||||
Containers & Packaging | 9,198 | 0.1 | % | |||||
Distributors | 14,403 | 0.1 | % | |||||
Electric Utilities | 6,342 | 0.1 | % | |||||
Electrical Equipment | 23,306 | 0.2 | % | |||||
Electronic Equipment, Instruments & Components | 60,440 | 0.5 | % | |||||
Entertainment | 84,532 | 0.7 | % | |||||
Equity Real Estate Investment Trusts | 271,785 | 2.2 | % | |||||
Food & Staples Retailing | 87,149 | 0.7 | % | |||||
Food Products | 10,714 | 0.1 | % | |||||
Health Care Equipment & Supplies | 361,335 | 2.9 | % | |||||
Health Care Providers & Services | 193,286 | 1.6 | % | |||||
Hotels, Restaurants & Leisure | 151,454 | 1.2 | % | |||||
Household Durables | 21,993 | 0.2 | % | |||||
Insurance | 86,395 | 0.7 | % | |||||
Interactive Media & Services | 1,227,889 | 10.0 | % | |||||
Internet & Direct Marketing Retail | 865,646 | 7.0 | % | |||||
IT Services | 427,543 | 3.5 | % | |||||
Life Sciences Tools & Services | 284,983 | 2.3 | % | |||||
Machinery | 82,230 | 0.7 | % | |||||
Metals & Mining | 28,175 | 0.2 | % | |||||
Multiline Retail | 29,572 | 0.2 | % | |||||
Oil, Gas & Consumable Fuels | 131,311 | 1.1 | % | |||||
Personal Products | 26,764 | 0.2 | % | |||||
Pharmaceuticals | 343,276 | 2.8 | % | |||||
Professional Services | 38,896 | 0.3 | % | |||||
Real Estate Management & Development | 9,932 | 0.1 | % | |||||
Road & Rail | 68,149 | 0.6 | % | |||||
Semiconductors & Semiconductor Equipment | 977,049 | 8.0 | % | |||||
Software | 2,103,771 | 17.1 | % | |||||
Specialty Retail | 358,580 | 2.9 | % | |||||
Technology Hardware, Storage & Peripherals | 1,809,116 | 14.7 | % | |||||
Textiles, Apparel & Luxury Goods | 56,196 | 0.5 | % | |||||
Trading Companies & Distributors | 20,121 | 0.2 | % | |||||
Other** | 6,666 | NM | ||||||
Total | $ | 12,282,160 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
NM | Not meaningful, amount is less than 0.05%. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Large-Cap Value ProFund :: 119
Common Stocks (100.2%)
Shares | Value | |||||||
3M Co. (Industrial Conglomerates) | 648 | $ | 92,820 | |||||
A.O. Smith Corp. (Building Products) | 74 | 4,682 | ||||||
Abbott Laboratories (Health Care Equipment & Supplies) | 937 | 101,984 | ||||||
AbbVie, Inc. (Biotechnology) | 925 | 132,746 | ||||||
ABIOMED, Inc.* (Health Care Equipment & Supplies) | 24 | 7,032 | ||||||
Accenture PLC—Class A (IT Services) | 303 | 92,797 | ||||||
Activision Blizzard, Inc. (Entertainment) | 890 | 71,156 | ||||||
Advance Auto Parts, Inc. (Specialty Retail) | 37 | 7,164 | ||||||
Aflac, Inc. (Insurance) | 675 | 38,678 | ||||||
Agilent Technologies, Inc. (Life Sciences Tools & Services) | 137 | 18,372 | ||||||
Air Products & Chemicals, Inc. (Chemicals) | 252 | 62,554 | ||||||
Akamai Technologies, Inc.* (IT Services) | 106 | 10,199 | ||||||
Alaska Air Group, Inc.* (Airlines) | 144 | 6,384 | ||||||
Albemarle Corp. (Chemicals) | 43 | 10,505 | ||||||
Alexandria Real Estate Equities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 169 | 28,017 | ||||||
Allegion PLC (Building Products) | 100 | 10,570 | ||||||
Alliant Energy Corp. (Electric Utilities) | 286 | 17,426 | ||||||
Altria Group, Inc. (Tobacco) | 2,061 | 90,395 | ||||||
Amcor PLC (Containers & Packaging) | 1,713 | 22,183 | ||||||
Ameren Corp. (Multi-Utilities) | 294 | 27,377 | ||||||
American Airlines Group, Inc.* (Airlines) | 741 | 10,159 | ||||||
American Electric Power Co., Inc. (Electric Utilities) | 585 | 57,658 | ||||||
American Express Co. (Consumer Finance) | 389 | 59,913 | ||||||
American International Group, Inc. (Insurance) | 902 | 46,697 | ||||||
American Tower Corp. (Equity Real Estate Investment Trusts (REITs)) | 259 | 70,146 | ||||||
American Water Works Co., Inc. (Water Utilities) | 207 | 32,176 | ||||||
Ameriprise Financial, Inc. (Capital Markets) | 48 | 12,956 | ||||||
AmerisourceBergen Corp. (Health Care Providers & Services) | 172 | 25,100 | ||||||
AMETEK, Inc. (Electrical Equipment) | 263 | 32,481 | ||||||
Amgen, Inc. (Biotechnology) | 359 | 88,842 | ||||||
Amphenol Corp.—Class A (Electronic Equipment, Instruments & Components) | 320 | 24,682 | ||||||
Analog Devices, Inc. (Semiconductors & Semiconductor Equipment) | 596 | 102,488 | ||||||
ANSYS, Inc.* (Software) | 38 | 10,602 | ||||||
Aon PLC (Insurance) | 97 | 28,231 | ||||||
APA Corp. (Oil, Gas & Consumable Fuels) | 174 | 6,468 | ||||||
Aptiv PLC* (Auto Components) | 182 | 19,090 | ||||||
Archer-Daniels-Midland Co. (Food Products) | 641 | 53,056 | ||||||
Arthur J. Gallagher & Co. (Insurance) | 134 | 23,985 | ||||||
Assurant, Inc. (Insurance) | 61 | 10,723 | ||||||
AT&T, Inc. (Diversified Telecommunication Services) | 8,153 | 153,113 | ||||||
Atmos Energy Corp. (Gas Utilities) | 158 | 19,180 | ||||||
Autodesk, Inc.* (Software) | 89 | 19,252 | ||||||
Automatic Data Processing, Inc. (IT Services) | 224 | 54,011 | ||||||
AvalonBay Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 92 | 19,682 | ||||||
Avery Dennison Corp. (Containers & Packaging) | 46 | 8,761 | ||||||
Baker Hughes Co.—Class A (Energy Equipment & Services) | 1,066 | 27,386 | ||||||
Ball Corp. (Containers & Packaging) | 364 | 26,726 | ||||||
Bank of America Corp. (Banks) | 4,522 | 152,889 | ||||||
Bath & Body Works, Inc. (Specialty Retail) | 95 | 3,376 | ||||||
Baxter International, Inc. (Health Care Equipment & Supplies) | 574 | 33,671 | ||||||
Becton, Dickinson & Co. (Health Care Equipment & Supplies) | 325 | 79,401 | ||||||
Berkshire Hathaway, Inc.*—Class B (Diversified Financial Services) | 2,060 | 619,236 | ||||||
Best Buy Co., Inc. (Specialty Retail) | 231 | 17,785 | ||||||
Biogen, Inc.* (Biotechnology) | 167 | 35,915 | ||||||
Bio-Rad Laboratories, Inc.*—Class A (Life Sciences Tools & Services) | 11 | 6,196 | ||||||
BlackRock, Inc.—Class A (Capital Markets) | 78 | 52,196 | ||||||
Booking Holdings, Inc.* (Hotels, Restaurants & Leisure) | 46 | 89,041 | ||||||
BorgWarner, Inc. (Auto Components) | 273 | 10,500 | ||||||
Boston Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 162 | 14,768 | ||||||
Boston Scientific Corp.* (Health Care Equipment & Supplies) | 1,628 | 66,829 | ||||||
Bristol-Myers Squibb Co. (Pharmaceuticals) | 2,424 | 178,843 | ||||||
Broadcom, Inc. (Semiconductors & Semiconductor Equipment) | 200 | 107,096 | ||||||
Broadridge Financial Solutions, Inc. (IT Services) | 75 | 12,041 | ||||||
Brown & Brown, Inc. (Insurance) | 83 | 5,403 | ||||||
Brown-Forman Corp.—Class B (Beverages) | 208 | 15,438 | ||||||
C.H. Robinson Worldwide, Inc. (Air Freight & Logistics) | 145 | 16,052 | ||||||
Caesars Entertainment, Inc.* (Hotels, Restaurants & Leisure) | 88 | 4,021 | ||||||
Campbell Soup Co. (Food Products) | 231 | 11,400 | ||||||
Capital One Financial Corp. (Consumer Finance) | 232 | 25,481 | ||||||
Cardinal Health, Inc. (Health Care Providers & Services) | 311 | 18,523 | ||||||
CarMax, Inc.* (Specialty Retail) | 86 | 8,560 | ||||||
Carnival Corp.*—Class A (Hotels, Restaurants & Leisure) | 1,111 | 10,066 | ||||||
Carrier Global Corp. (Building Products) | 966 | 39,152 | ||||||
Catalent, Inc.* (Pharmaceuticals) | 82 | 9,274 | ||||||
Caterpillar, Inc. (Machinery) | 607 | 120,337 | ||||||
Cboe Global Markets, Inc. (Capital Markets) | 50 | 6,169 | ||||||
CBRE Group, Inc.*—Class A (Real Estate Management & Development) | 186 | 15,925 | ||||||
CDW Corp. (Electronic Equipment, Instruments & Components) | 63 | 11,436 | ||||||
Celanese Corp. (Chemicals) | 70 | 8,226 | ||||||
Centene Corp.* (Health Care Providers & Services) | 666 | 61,918 | ||||||
CenterPoint Energy, Inc. (Multi-Utilities) | 717 | 22,722 | ||||||
Ceridian HCM Holding, Inc.* (Software) | 92 | 5,039 | ||||||
CF Industries Holdings, Inc. (Chemicals) | 95 | 9,072 | ||||||
Charter Communications, Inc.*—Class A (Media) | 132 | 57,037 | ||||||
Chevron Corp. (Oil, Gas & Consumable Fuels) | 2,238 | 366,540 | ||||||
Chipotle Mexican Grill, Inc.* (Hotels, Restaurants & Leisure) | 11 | 17,206 | ||||||
Chubb, Ltd. (Insurance) | 483 | 91,112 | ||||||
Church & Dwight Co., Inc. (Household Products) | 276 | 24,280 |
See accompanying notes to the financial statements.
120 :: Large-Cap Value ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Cigna Corp. (Health Care Providers & Services) | 361 | $ | 99,405 | |||||
Cincinnati Financial Corp. (Insurance) | 90 | 8,761 | ||||||
Cintas Corp. (Commercial Services & Supplies) | 53 | 22,551 | ||||||
Cisco Systems, Inc. (Communications Equipment) | 2,602 | 118,053 | ||||||
Citigroup, Inc. (Banks) | 2,211 | 114,751 | ||||||
Citizens Financial Group, Inc. (Banks) | 559 | 21,225 | ||||||
Citrix Systems, Inc. (Software) | 142 | 14,400 | ||||||
CME Group, Inc. (Capital Markets) | 410 | 81,787 | ||||||
CMS Energy Corp. (Multi-Utilities) | 330 | 22,681 | ||||||
Cognizant Technology Solutions Corp.— Class A (IT Services) | 594 | 40,368 | ||||||
Colgate-Palmolive Co. (Household Products) | 954 | 75,118 | ||||||
Comcast Corp.—Class A (Media) | 5,091 | 191,014 | ||||||
Comerica, Inc. (Banks) | 82 | 6,377 | ||||||
Conagra Brands, Inc. (Food Products) | 547 | 18,713 | ||||||
ConocoPhillips (Oil, Gas & Consumable Fuels) | 1,473 | 143,514 | ||||||
Consolidated Edison, Inc. (Multi-Utilities) | 404 | 40,105 | ||||||
Constellation Brands, Inc.—Class A (Beverages) | 185 | 45,567 | ||||||
Constellation Energy Corp. (Electric Utilities) | 372 | 24,589 | ||||||
Copart, Inc.* (Commercial Services & Supplies) | 78 | 9,992 | ||||||
Corning, Inc. (Electronic Equipment, Instruments & Components) | 866 | 31,834 | ||||||
Corteva, Inc. (Chemicals) | 824 | 47,421 | ||||||
Costco Wholesale Corp. (Food & Staples Retailing) | 247 | 133,701 | ||||||
Coterra Energy, Inc. (Oil, Gas & Consumable Fuels) | 919 | 28,112 | ||||||
Crown Castle International Corp. (Equity Real Estate Investment Trusts (REITs)) | 271 | 48,960 | ||||||
CSX Corp. (Road & Rail) | 2,477 | 80,081 | ||||||
Cummins, Inc. (Machinery) | 160 | 35,410 | ||||||
CVS Health Corp. (Health Care Providers & Services) | 1,493 | 142,851 | ||||||
D.R. Horton, Inc. (Household Durables) | 171 | 13,343 | ||||||
Danaher Corp. (Health Care Equipment & Supplies) | 235 | 68,495 | ||||||
Darden Restaurants, Inc. (Hotels, Restaurants & Leisure) | 142 | 17,678 | ||||||
DaVita, Inc.* (Health Care Providers & Services) | 69 | 5,807 | ||||||
Deere & Co. (Machinery) | 172 | 59,027 | ||||||
Delta Air Lines, Inc.* (Airlines) | 731 | 23,246 | ||||||
DENTSPLY SIRONA, Inc. (Health Care Equipment & Supplies) | 246 | 8,895 | ||||||
Digital Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 325 | 43,046 | ||||||
DISH Network Corp.*—Class A (Media) | 287 | 4,985 | ||||||
Dollar General Corp. (Multiline Retail) | 260 | 64,592 | ||||||
Dollar Tree, Inc.* (Multiline Retail) | 256 | 42,332 | ||||||
Dominion Energy, Inc. (Multi-Utilities) | 924 | 75,750 | ||||||
Domino’s Pizza, Inc. (Hotels, Restaurants & Leisure) | 14 | 5,490 | ||||||
Dover Corp. (Machinery) | 89 | 11,898 | ||||||
Dow, Inc. (Chemicals) | 829 | 44,111 | ||||||
DTE Energy Co. (Multi-Utilities) | 221 | 28,796 | ||||||
Duke Energy Corp. (Electric Utilities) | 877 | 96,409 | ||||||
Duke Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 153 | 9,572 | ||||||
DuPont de Nemours, Inc. (Chemicals) | 579 | 35,452 | ||||||
DXC Technology Co.* (IT Services) | 278 | 8,785 | ||||||
Eastman Chemical Co. (Chemicals) | 146 | 14,006 | ||||||
Eaton Corp. PLC (Electrical Equipment) | 454 | 67,369 | ||||||
eBay, Inc. (Internet & Direct Marketing Retail) | 147 | 7,149 | ||||||
Ecolab, Inc. (Chemicals) | 283 | 46,743 | ||||||
Edison International (Electric Utilities) | 434 | 29,412 | ||||||
Edwards Lifesciences Corp.* (Health Care Equipment & Supplies) | 262 | 26,341 | ||||||
Electronic Arts, Inc. (Entertainment) | 321 | 42,125 | ||||||
Elevance Health, Inc. (Health Care Providers & Services) | 274 | 130,725 | ||||||
Emerson Electric Co. (Electrical Equipment) | 677 | 60,977 | ||||||
Entergy Corp. (Electric Utilities) | 232 | 26,710 | ||||||
EOG Resources, Inc. (Oil, Gas & Consumable Fuels) | 360 | 40,039 | ||||||
Equinix, Inc. (Equity Real Estate Investment Trusts (REITs)) | 56 | 39,409 | ||||||
Equity Residential (Equity Real Estate Investment Trusts (REITs)) | 390 | 30,572 | ||||||
Essex Property Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 42 | 12,034 | ||||||
Everest Re Group, Ltd. (Insurance) | 45 | 11,761 | ||||||
Evergy, Inc. (Electric Utilities) | 261 | 17,816 | ||||||
Eversource Energy (Electric Utilities) | 393 | 34,670 | ||||||
Exelon Corp. (Electric Utilities) | 1,116 | 51,883 | ||||||
Expedia Group, Inc.* (Hotels, Restaurants & Leisure) | 172 | 18,241 | ||||||
Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 4,796 | 464,875 | ||||||
F5, Inc.* (Communications Equipment) | 33 | 5,523 | ||||||
FactSet Research Systems, Inc. (Capital Markets) | 18 | 7,734 | ||||||
Fastenal Co. (Trading Companies & Distributors) | 340 | 17,462 | ||||||
Federal Realty Investment Trust (Equity Real Estate Investment Trusts (REITs)) | 47 | 4,964 | ||||||
FedEx Corp. (Air Freight & Logistics) | 271 | 63,167 | ||||||
Fidelity National Information Services, Inc. (IT Services) | 696 | 71,103 | ||||||
Fifth Third Bancorp (Banks) | 782 | 26,682 | ||||||
First Horizon Corp. (Banks) | 1 | 19 | ||||||
FirstEnergy Corp. (Electric Utilities) | 650 | 26,715 | ||||||
Fiserv, Inc.* (IT Services) | 663 | 70,066 | ||||||
FleetCor Technologies, Inc.* (IT Services) | 88 | 19,368 | ||||||
FMC Corp. (Chemicals) | 143 | 15,887 | ||||||
Ford Motor Co. (Automobiles) | 4,498 | 66,075 | ||||||
Fortive Corp. (Machinery) | 409 | 26,360 | ||||||
Fortune Brands Home & Security, Inc. (Building Products) | 82 | 5,714 | ||||||
Fox Corp.—Class A (Media) | 356 | 11,787 | ||||||
Fox Corp.—Class B (Media) | 165 | 5,099 | ||||||
Franklin Resources, Inc. (Capital Markets) | 176 | 4,831 | ||||||
Freeport-McMoRan, Inc. (Metals & Mining) | 925 | 29,184 | ||||||
Garmin, Ltd. (Household Durables) | 85 | 8,298 | ||||||
General Dynamics Corp. (Aerospace & Defense) | 262 | 59,388 | ||||||
General Electric Co. (Industrial Conglomerates) | 1,253 | 92,609 | ||||||
General Mills, Inc. (Food Products) | 686 | 51,306 | ||||||
General Motors Co.* (Automobiles) | 1,660 | 60,192 | ||||||
Genuine Parts Co. (Distributors) | 161 | 24,612 | ||||||
Gilead Sciences, Inc. (Biotechnology) | 1,429 | 85,383 | ||||||
Global Payments, Inc. (IT Services) | 321 | 39,265 | ||||||
Globe Life, Inc. (Insurance) | 103 | 10,375 | ||||||
Halliburton Co. (Energy Equipment & Services) | 1,028 | 30,120 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Large-Cap Value ProFund :: 121
Common Stocks, continued
Shares | Value | |||||||
Hartford Financial Services Group, Inc. (Insurance) | 375 | $ | 24,176 | |||||
Hasbro, Inc. (Leisure Products) | 149 | 11,729 | ||||||
HCA Healthcare, Inc. (Health Care Providers & Services) | 109 | 23,154 | ||||||
Healthpeak Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 615 | 16,992 | ||||||
Henry Schein, Inc.* (Health Care Providers & Services) | 157 | 12,376 | ||||||
Hess Corp. (Oil, Gas & Consumable Fuels) | 91 | 10,235 | ||||||
Hewlett Packard Enterprises Co. (Technology Hardware, Storage & Peripherals) | 1,481 | 21,089 | ||||||
Hilton Worldwide Holdings, Inc. (Hotels, Restaurants & Leisure) | 187 | 23,949 | ||||||
Hologic, Inc.* (Health Care Equipment & Supplies) | 74 | 5,282 | ||||||
Honeywell International, Inc. (Industrial Conglomerates) | 776 | 149,349 | ||||||
Hormel Foods Corp. (Food Products) | 323 | 15,937 | ||||||
Host Hotels & Resorts, Inc. (Equity Real Estate Investment Trusts (REITs)) | 815 | 14,515 | ||||||
Howmet Aerospace, Inc. (Aerospace & Defense) | 429 | 15,929 | ||||||
HP, Inc. (Technology Hardware, Storage & Peripherals) | 600 | 20,034 | ||||||
Humana, Inc. (Health Care Providers & Services) | 144 | 69,408 | ||||||
Huntington Bancshares, Inc. (Banks) | 1,639 | 21,782 | ||||||
Huntington Ingalls Industries, Inc. (Aerospace & Defense) | 46 | 9,975 | ||||||
IDEX Corp. (Machinery) | 51 | 10,646 | ||||||
IDEXX Laboratories, Inc.* (Health Care Equipment & Supplies) | 30 | 11,975 | ||||||
Illinois Tool Works, Inc. (Machinery) | 190 | 39,474 | ||||||
Illumina, Inc.* (Life Sciences Tools & Services) | 91 | 19,717 | ||||||
Incyte Corp.* (Biotechnology) | 123 | 9,555 | ||||||
Ingersoll Rand, Inc. (Machinery) | 462 | 23,008 | ||||||
Intel Corp. (Semiconductors & Semiconductor Equipment) | 4,656 | 169,060 | ||||||
Intercontinental Exchange, Inc. (Capital Markets) | 273 | 27,843 | ||||||
International Business Machines Corp. (IT Services) | 1,024 | 133,929 | ||||||
International Flavors & Fragrances, Inc. (Chemicals) | 290 | 35,975 | ||||||
International Paper Co. (Containers & Packaging) | 423 | 18,092 | ||||||
Intuitive Surgical, Inc.* (Health Care Equipment & Supplies) | 127 | 29,232 | ||||||
Invesco, Ltd. (Capital Markets) | 385 | 6,830 | ||||||
IQVIA Holdings, Inc.* (Life Sciences Tools & Services) | 58 | 13,936 | ||||||
Iron Mountain, Inc. (Equity Real Estate Investment Trusts (REITs)) | 129 | 6,255 | ||||||
J.B. Hunt Transport Services, Inc. (Road & Rail) | 40 | 7,331 | ||||||
Jack Henry & Associates, Inc. (IT Services) | 83 | 17,245 | ||||||
Jacobs Engineering Group, Inc. (Professional Services) | 82 | 11,259 | ||||||
Johnson & Johnson (Pharmaceuticals) | 2,997 | 523,036 | ||||||
Johnson Controls International PLC (Building Products) | 309 | 16,658 | ||||||
JPMorgan Chase & Co. (Banks) | 1,807 | 208,455 | ||||||
Juniper Networks, Inc. (Communications Equipment) | 369 | 10,343 | ||||||
Kellogg Co. (Food Products) | 289 | 21,363 | ||||||
Keurig Dr Pepper, Inc. (Beverages) | 638 | 24,716 | ||||||
KeyCorp (Banks) | 1,063 | 19,453 | ||||||
Keysight Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 51 | 8,293 | ||||||
Kimberly-Clark Corp. (Household Products) | 384 | 50,607 | ||||||
Kimco Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 704 | 15,565 | ||||||
Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 2,221 | 39,956 | ||||||
L3Harris Technologies, Inc. (Aerospace & Defense) | 128 | 30,716 | ||||||
Laboratory Corp. of America Holdings (Health Care Providers & Services) | 49 | 12,847 | ||||||
Lamb Weston Holding, Inc. (Food Products) | 164 | 13,064 | ||||||
Las Vegas Sands Corp.* (Hotels, Restaurants & Leisure) | 392 | 14,774 | ||||||
Leidos Holdings, Inc. (Professional Services) | 155 | 16,585 | ||||||
Lennar Corp.—Class A (Household Durables) | 295 | 25,075 | ||||||
Lincoln National Corp. (Insurance) | 184 | 9,447 | ||||||
Linde PLC (Chemicals) | 281 | 84,862 | ||||||
Live Nation Entertainment, Inc.* (Entertainment) | 89 | 8,365 | ||||||
LKQ Corp. (Distributors) | 169 | 9,268 | ||||||
Lockheed Martin Corp. (Aerospace & Defense) | 270 | 111,728 | ||||||
Loews Corp. (Insurance) | 222 | 12,932 | ||||||
Lumen Technologies, Inc. (Diversified Telecommunication Services) | 1,060 | 11,543 | ||||||
LyondellBasell Industries N.V.—Class A (Chemicals) | 295 | 26,290 | ||||||
M&T Bank Corp. (Banks) | 204 | 36,200 | ||||||
Marathon Oil Corp. (Oil, Gas & Consumable Fuels) | 807 | 20,014 | ||||||
Marathon Petroleum Corp. (Oil, Gas & Consumable Fuels) | 616 | 56,463 | ||||||
MarketAxess Holdings, Inc. (Capital Markets) | 23 | 6,228 | ||||||
Marriott International, Inc.—Class A (Hotels, Restaurants & Leisure) | 314 | 49,813 | ||||||
Marsh & McLennan Cos., Inc. (Insurance) | 223 | 36,563 | ||||||
Martin Marietta Materials, Inc. (Construction Materials) | 30 | 10,562 | ||||||
Masco Corp. (Building Products) | 140 | 7,753 | ||||||
Mastercard, Inc.—Class A (IT Services) | 518 | 183,263 | ||||||
Match Group, Inc.* (Interactive Media & Services) | 325 | 23,825 | ||||||
McCormick & Co., Inc. (Food Products) | 285 | 24,895 | ||||||
McDonald’s Corp. (Hotels, Restaurants & Leisure) | 463 | 121,939 | ||||||
McKesson Corp. (Health Care Providers & Services) | 165 | 56,361 | ||||||
Medtronic PLC (Health Care Equipment & Supplies) | 1,528 | 141,372 | ||||||
Merck & Co., Inc. (Pharmaceuticals) | 2,879 | 257,210 | ||||||
MetLife, Inc. (Insurance) | 788 | 49,841 | ||||||
Mettler-Toledo International, Inc.* (Life Sciences Tools & Services) | 10 | 13,497 | ||||||
MGM Resorts International (Hotels, Restaurants & Leisure) | 403 | 13,190 |
See accompanying notes to the financial statements.
122 :: Large-Cap Value ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Microchip Technology, Inc. (Semiconductors & Semiconductor Equipment) | 329 | $ | 22,655 | |||||
Micron Technology, Inc. (Semiconductors & Semiconductor Equipment) | 1,271 | 78,624 | ||||||
Mid-America Apartment Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 49 | 9,101 | ||||||
Mohawk Industries, Inc.* (Household Durables) | 58 | 7,452 | ||||||
Molina Healthcare, Inc.* (Health Care Providers & Services) | 34 | 11,142 | ||||||
Molson Coors Beverage Co.—Class B (Beverages) | 215 | 12,846 | ||||||
Mondelez International, Inc.—Class A (Food Products) | 1,576 | 100,927 | ||||||
Monster Beverage Corp.* (Beverages) | 206 | 20,522 | ||||||
Moody’s Corp. (Capital Markets) | 62 | 19,236 | ||||||
Morgan Stanley (Capital Markets) | 813 | 68,536 | ||||||
Motorola Solutions, Inc. (Communications Equipment) | 78 | 18,610 | ||||||
Nasdaq, Inc. (Capital Markets) | 29 | 5,246 | ||||||
NetApp, Inc. (Technology Hardware, Storage & Peripherals) | 73 | 5,207 | ||||||
Newell Brands, Inc. (Household Durables) | 198 | 4,002 | ||||||
Newmont Corp. (Metals & Mining) | 903 | 40,888 | ||||||
News Corp.—Class A (Media) | 443 | 7,593 | ||||||
News Corp.—Class B (Media) | 138 | 2,385 | ||||||
NextEra Energy, Inc. (Electric Utilities) | 2,237 | 189,003 | ||||||
Nielsen Holdings PLC (Professional Services) | 410 | 9,820 | ||||||
NIKE, Inc.—Class B (Textiles, Apparel & Luxury Goods) | 665 | 76,421 | ||||||
NiSource, Inc. (Multi-Utilities) | 463 | 14,075 | ||||||
Nordson Corp. (Machinery) | 25 | 5,775 | ||||||
Norfolk Southern Corp. (Road & Rail) | 271 | 68,067 | ||||||
Northern Trust Corp. (Capital Markets) | 237 | 23,648 | ||||||
Northrop Grumman Corp. (Aerospace & Defense) | 166 | 79,497 | ||||||
NortonLifelock, Inc. (Software) | 664 | 16,288 | ||||||
Norwegian Cruise Line Holdings, Ltd.* (Hotels, Restaurants & Leisure) | 478 | 5,808 | ||||||
Nucor Corp. (Metals & Mining) | 139 | 18,876 | ||||||
NVR, Inc.* (Household Durables) | 2 | 8,786 | ||||||
NXP Semiconductors N.V. (Semiconductors & Semiconductor Equipment) | 111 | 20,411 | ||||||
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 599 | 39,384 | ||||||
Omnicom Group, Inc. (Media) | 234 | 16,343 | ||||||
ON Semiconductor Corp.* (Semiconductors & Semiconductor Equipment) | 119 | 7,947 | ||||||
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 290 | 17,325 | ||||||
Organon & Co. (Pharmaceuticals) | 289 | 9,167 | ||||||
Otis Worldwide Corp. (Machinery) | 289 | 22,591 | ||||||
PACCAR, Inc. (Machinery) | 396 | 36,242 | ||||||
Packaging Corp. of America (Containers & Packaging) | 107 | 15,045 | ||||||
Paramount Global—Class B (Media) | 693 | 16,389 | ||||||
Parker-Hannifin Corp. (Machinery) | 146 | 42,207 | ||||||
Paychex, Inc. (IT Services) | 172 | 22,064 | ||||||
Paycom Software, Inc.* (Software) | 14 | 4,627 | ||||||
PayPal Holdings, Inc.* (IT Services) | 606 | 52,437 | ||||||
Penn National Gaming, Inc.* (Hotels, Restaurants & Leisure) | 186 | 6,426 | ||||||
Pentair PLC (Machinery) | 79 | 3,862 | ||||||
PepsiCo, Inc. (Beverages) | 913 | 159,738 | ||||||
Pfizer, Inc. (Pharmaceuticals) | 2,938 | 148,398 | ||||||
Philip Morris International, Inc. (Tobacco) | 1,765 | 171,470 | ||||||
Phillips 66 (Oil, Gas & Consumable Fuels) | 548 | 48,772 | ||||||
Pinnacle West Capital Corp. (Electric Utilities) | 129 | 9,478 | ||||||
Pioneer Natural Resources Co. (Oil, Gas & Consumable Fuels) | 113 | 26,775 | ||||||
PPG Industries, Inc. (Chemicals) | 269 | 34,779 | ||||||
PPL Corp. (Electric Utilities) | 839 | 24,398 | ||||||
Principal Financial Group, Inc. (Insurance) | 267 | 17,873 | ||||||
Prologis, Inc. (Equity Real Estate Investment Trusts (REITs)) | 328 | 43,480 | ||||||
Prudential Financial, Inc. (Insurance) | 427 | 42,696 | ||||||
PTC, Inc.* (Software) | 60 | 7,403 | ||||||
Public Service Enterprise Group, Inc. (Multi-Utilities) | 569 | 37,366 | ||||||
Public Storage (Equity Real Estate Investment Trusts (REITs)) | 71 | 23,175 | ||||||
PulteGroup, Inc. (Household Durables) | 270 | 11,777 | ||||||
PVH Corp. (Textiles, Apparel & Luxury Goods) | 77 | 4,768 | ||||||
Qorvo, Inc.* (Semiconductors & Semiconductor Equipment) | 63 | 6,556 | ||||||
Quanta Services, Inc. (Construction & Engineering) | 75 | 10,405 | ||||||
Quest Diagnostics, Inc. (Health Care Providers & Services) | 72 | 9,833 | ||||||
Ralph Lauren Corp. (Textiles, Apparel & Luxury Goods) | 52 | 5,129 | ||||||
Raymond James Financial, Inc. (Capital Markets) | 91 | 8,961 | ||||||
Raytheon Technologies Corp. (Aerospace & Defense) | 1,693 | 157,804 | ||||||
Realty Income Corp. (Equity Real Estate Investment Trusts (REITs)) | 685 | 50,684 | ||||||
Regency Centers Corp. (Equity Real Estate Investment Trusts (REITs)) | 177 | 11,404 | ||||||
Regions Financial Corp. (Banks) | 586 | 12,411 | ||||||
Republic Services, Inc. (Commercial Services & Supplies) | 133 | 18,442 | ||||||
ResMed, Inc. (Health Care Equipment & Supplies) | 70 | 16,836 | ||||||
Robert Half International, Inc. (Professional Services) | 41 | 3,245 | ||||||
Rockwell Automation, Inc. (Electrical Equipment) | 63 | 16,083 | ||||||
Rollins, Inc. (Commercial Services & Supplies) | 145 | 5,593 | ||||||
Roper Technologies, Inc. (Industrial Conglomerates) | 121 | 52,837 | ||||||
Ross Stores, Inc. (Specialty Retail) | 400 | 32,504 | ||||||
Royal Caribbean Cruises, Ltd.* (Hotels, Restaurants & Leisure) | 256 | 9,910 | ||||||
S&P Global, Inc. (Capital Markets) | 154 | 58,047 | ||||||
Salesforce, Inc.* (Software) | 441 | 81,152 | ||||||
SBA Communications Corp. (Equity Real Estate Investment Trusts (REITs)) | 54 | 18,133 | ||||||
Schlumberger, Ltd. (Energy Equipment & Services) | 1,611 | 59,655 | ||||||
Seagate Technology Holdings PLC (Technology Hardware, Storage & Peripherals) | 60 | 4,799 | ||||||
Sealed Air Corp. (Containers & Packaging) | 75 | 4,584 | ||||||
Sempra Energy (Multi-Utilities) | 358 | 59,356 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Large-Cap Value ProFund :: 123
Common Stocks, continued
Shares | Value | |||||||
Simon Property Group, Inc. (Equity Real Estate Investment Trusts (REITs)) | 149 | $ | 16,187 | |||||
Skyworks Solutions, Inc. (Semiconductors & Semiconductor Equipment) | 97 | 10,561 | ||||||
Snap-on, Inc. (Machinery) | 60 | 13,443 | ||||||
SolarEdge Technologies, Inc.* (Semiconductors & Semiconductor Equipment) | 16 | 5,762 | ||||||
Southwest Airlines Co.* (Airlines) | 676 | 25,769 | ||||||
Stanley Black & Decker, Inc. (Machinery) | 172 | 16,741 | ||||||
Starbucks Corp. (Hotels, Restaurants & Leisure) | 640 | 54,259 | ||||||
State Street Corp. (Capital Markets) | 418 | 29,695 | ||||||
STERIS PLC (Health Care Equipment & Supplies) | 66 | 14,893 | ||||||
Stryker Corp. (Health Care Equipment & Supplies) | 227 | 48,748 | ||||||
Synchrony Financial (Consumer Finance) | 246 | 8,236 | ||||||
Synopsys, Inc.* (Software) | 57 | 20,948 | ||||||
Sysco Corp. (Food & Staples Retailing) | 580 | 49,242 | ||||||
T. Rowe Price Group, Inc. (Capital Markets) | 77 | 9,507 | ||||||
Take-Two Interactive Software, Inc.* (Entertainment) | 68 | 9,026 | ||||||
Tapestry, Inc. (Textiles, Apparel & Luxury Goods) | 287 | 9,652 | ||||||
Target Corp. (Multiline Retail) | 236 | 38,558 | ||||||
TE Connectivity, Ltd. (Electronic Equipment, Instruments & Components) | 367 | 49,079 | ||||||
Teledyne Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 53 | 20,744 | ||||||
Teleflex, Inc. (Health Care Equipment & Supplies) | 53 | 12,744 | ||||||
Texas Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 535 | 95,706 | ||||||
Textron, Inc. (Aerospace & Defense) | 245 | 16,082 | ||||||
The AES Corp. (Independent Power and Renewable Electricity Producers) | 762 | 16,932 | ||||||
The Allstate Corp. (Insurance) | 313 | 36,612 | ||||||
The Bank of New York Mellon Corp. (Capital Markets) | 846 | 36,767 | ||||||
The Boeing Co.* (Aerospace & Defense) | 633 | 100,843 | ||||||
The Charles Schwab Corp. (Capital Markets) | 549 | 37,908 | ||||||
The Clorox Co. (Household Products) | 140 | 19,858 | ||||||
The Coca-Cola Co. (Beverages) | 4,443 | 285,108 | ||||||
The Cooper Cos., Inc. (Health Care Equipment & Supplies) | 56 | 18,312 | ||||||
The Estee Lauder Co., Inc. (Personal Products) | 108 | 29,495 | ||||||
The Hershey Co. (Food Products) | 91 | 20,744 | ||||||
The Home Depot, Inc. (Specialty Retail) | 282 | 84,865 | ||||||
The Interpublic Group of Cos., Inc. (Media) | 449 | 13,412 | ||||||
The JM Smucker Co.—Class A (Food Products) | 124 | 16,408 | ||||||
The Kraft Heinz Co. (Food Products) | 809 | 29,795 | ||||||
The Kroger Co. (Food & Staples Retailing) | 747 | 34,691 | ||||||
The Mosaic Co. (Chemicals) | 413 | 21,749 | ||||||
The PNC Financial Services Group, Inc. (Banks) | 471 | 78,158 | ||||||
The Procter & Gamble Co. (Household Products) | 2,733 | 379,641 | ||||||
The Progressive Corp. (Insurance) | 666 | 76,629 | ||||||
The Sherwin-Williams Co. (Chemicals) | 128 | 30,968 | ||||||
The Southern Co. (Electric Utilities) | 1,210 | 93,037 | ||||||
The TJX Cos., Inc. (Specialty Retail) | 1,338 | 81,832 | ||||||
The Travelers Cos., Inc. (Insurance) | 273 | 43,325 | ||||||
The Walt Disney Co.* (Entertainment) | 2,074 | 220,051 | ||||||
The Williams Cos., Inc. (Oil, Gas & Consumable Fuels) | 1,387 | 47,283 | ||||||
T-Mobile U.S., Inc.* (Wireless Telecommunication Services) | 671 | 95,993 | ||||||
Trane Technologies PLC (Building Products) | 266 | 39,099 | ||||||
TransDigm Group, Inc.* (Aerospace & Defense) | 33 | 20,537 | ||||||
Trimble, Inc.* (Electronic Equipment, Instruments & Components) | 126 | 8,748 | ||||||
Truist Financial Corp. (Banks) | 1,516 | 76,513 | ||||||
Twitter, Inc.* (Interactive Media & Services) | 452 | 18,808 | ||||||
Tyler Technologies, Inc.* (Software) | 18 | 7,182 | ||||||
Tyson Foods, Inc.—Class A (Food Products) | 332 | 29,219 | ||||||
U.S. Bancorp (Banks) | 1,540 | 72,688 | ||||||
UDR, Inc. (Equity Real Estate Investment Trusts (REITs)) | 154 | 7,454 | ||||||
Ulta Beauty, Inc.* (Specialty Retail) | 26 | 10,112 | ||||||
Union Pacific Corp. (Road & Rail) | 421 | 95,694 | ||||||
United Airlines Holdings , Inc.* (Airlines) | 372 | 13,671 | ||||||
United Parcel Service, Inc.—Class B (Air Freight & Logistics) | 477 | 92,962 | ||||||
United Rentals, Inc.* (Trading Companies & Distributors) | 33 | 10,648 | ||||||
UnitedHealth Group, Inc. (Health Care Providers & Services) | 619 | 335,709 | ||||||
Universal Health Services, Inc.—Class B (Health Care Providers & Services) | 76 | 8,548 | ||||||
Valero Energy Corp. (Oil, Gas & Consumable Fuels) | 465 | 51,508 | ||||||
Ventas, Inc. (Equity Real Estate Investment Trusts (REITs)) | 455 | 24,470 | ||||||
VeriSign, Inc.* (IT Services) | 57 | 10,782 | ||||||
Verisk Analytics, Inc. (Professional Services) | 88 | 16,741 | ||||||
Verizon Communications, Inc. (Diversified Telecommunication Services) | 4,782 | 220,881 | ||||||
Vertex Pharmaceuticals, Inc.* (Biotechnology) | 117 | 32,808 | ||||||
VF Corp. (Textiles, Apparel & Luxury Goods) | 368 | 16,442 | ||||||
Viatris, Inc. (Pharmaceuticals) | 1,381 | 13,382 | ||||||
VICI Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,097 | 37,506 | ||||||
Visa, Inc.—Class A (IT Services) | 1,068 | 226,534 | ||||||
Vornado Realty Trust (Equity Real Estate Investment Trusts (REITs)) | 182 | 5,531 | ||||||
Vulcan Materials Co. (Construction Materials) | 79 | 13,061 | ||||||
W.R. Berkley Corp. (Insurance) | 238 | 14,882 | ||||||
W.W. Grainger, Inc. (Trading Companies & Distributors) | 48 | 26,090 | ||||||
Walgreens Boots Alliance, Inc. (Food & Staples Retailing) | 817 | 32,370 | ||||||
Walmart, Inc. (Food & Staples Retailing) | 1,599 | 211,147 | ||||||
Warner Bros Discovery, Inc.* (Entertainment) | 2,516 | 37,740 | ||||||
Waste Management, Inc. (Commercial Services & Supplies) | 213 | 35,050 | ||||||
Waters Corp.* (Life Sciences Tools & Services) | 18 | 6,553 | ||||||
WEC Energy Group, Inc. (Multi-Utilities) | 359 | 37,268 | ||||||
Wells Fargo & Co. (Banks) | 4,317 | 189,387 | ||||||
Welltower, Inc. (Equity Real Estate Investment Trusts (REITs)) | 516 | 44,551 | ||||||
Western Digital Corp.* (Technology Hardware, Storage & Peripherals) | 356 | 17,480 |
See accompanying notes to the financial statements.
124 :: Large-Cap Value ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Westinghouse Air Brake Technologies Corp. (Machinery) | 208 | $ | 19,442 | |||||
WestRock Co. (Containers & Packaging) | 290 | 12,284 | ||||||
Weyerhaeuser Co. (Equity Real Estate Investment Trusts (REITs)) | 492 | 17,869 | ||||||
Whirlpool Corp. (Household Durables) | 64 | 11,064 | ||||||
Willis Towers Watson PLC (Insurance) | 127 | 26,281 | ||||||
Wynn Resorts, Ltd.* (Hotels, Restaurants & Leisure) | 120 | 7,618 | ||||||
Xcel Energy, Inc. (Electric Utilities) | 620 | 45,372 | ||||||
Xylem, Inc. (Machinery) | 121 | 11,136 | ||||||
Yum! Brands, Inc. (Hotels, Restaurants & Leisure) | 172 | 21,077 | ||||||
Zebra Technologies Corp.* (Electronic Equipment, Instruments & Components) | 16 | 5,723 | ||||||
Zimmer Biomet Holdings, Inc. (Health Care Equipment & Supplies) | 238 | 26,273 | ||||||
Zions Bancorp (Banks) | 90 | 4,910 | ||||||
Zoetis, Inc. (Pharmaceuticals) | 182 | 33,224 | ||||||
TOTAL COMMON STOCKS (Cost $17,515,536) | 20,024,414 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $17,515,536)—100.2% | 20,024,414 | |||||||
Net other assets (liabilities)—(0.2)% | (44,894 | ) | ||||||
NET ASSETS—100.0% | $ | 19,979,520 |
* | Non-income producing security. |
Large-Cap Value ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Aerospace & Defense | $ | 602,500 | 3.0 | % | ||||
Air Freight & Logistics | 172,181 | 0.9 | % | |||||
Airlines | 79,229 | 0.4 | % | |||||
Auto Components | 29,590 | 0.2 | % | |||||
Automobiles | 126,267 | 0.6 | % | |||||
Banks | 1,041,900 | 5.2 | % | |||||
Beverages | 563,935 | 2.8 | % | |||||
Biotechnology | 385,249 | 1.9 | % | |||||
Building Products | 123,628 | 0.6 | % | |||||
Capital Markets | 504,125 | 2.5 | % | |||||
Chemicals | 528,600 | 2.7 | % | |||||
Commercial Services & Supplies | 91,628 | 0.5 | % | |||||
Communications Equipment | 152,529 | 0.8 | % | |||||
Construction & Engineering | 10,405 | 0.1 | % | |||||
Construction Materials | 23,623 | 0.1 | % | |||||
Consumer Finance | 93,630 | 0.5 | % | |||||
Containers & Packaging | 107,675 | 0.5 | % | |||||
Distributors | 33,880 | 0.2 | % | |||||
Diversified Financial Services | 619,236 | 3.1 | % | |||||
Diversified Telecommunication Services | 385,537 | 1.9 | % | |||||
Electric Utilities | 744,576 | 3.7 | % | |||||
Electrical Equipment | 176,910 | 0.9 | % | |||||
Electronic Equipment, Instruments & Components | 160,539 | 0.8 | % | |||||
Energy Equipment & Services | 117,161 | 0.6 | % | |||||
Entertainment | 388,462 | 1.9 | % | |||||
Equity Real Estate Investment Trusts (REITs) | 684,041 | 3.4 | % | |||||
Food & Staples Retailing | 461,151 | 2.3 | % | |||||
Food Products | 406,827 | 2.0 | % | |||||
Gas Utilities | 19,180 | 0.1 | % | |||||
Health Care Equipment & Supplies | 718,315 | 3.6 | % | |||||
Health Care Providers & Services | 1,023,707 | 5.1 | % | |||||
Hotels, Restaurants & Leisure | 490,507 | 2.5 | % | |||||
Household Durables | 89,797 | 0.5 | % | |||||
Household Products | 549,504 | 2.8 | % | |||||
Independent Power and Renewable Electricity Producers | 16,932 | 0.1 | % | |||||
Industrial Conglomerates | 387,615 | 1.9 | % | |||||
Insurance | 666,982 | 3.3 | % | |||||
Interactive Media & Services | 42,633 | 0.2 | % | |||||
Internet & Direct Marketing Retail | 7,149 | NM | ||||||
IT Services | 1,064,257 | 5.3 | % | |||||
Leisure Products | 11,729 | 0.1 | % | |||||
Life Sciences Tools & Services | 78,271 | 0.4 | % | |||||
Machinery | 497,599 | 2.5 | % | |||||
Media | 326,044 | 1.6 | % | |||||
Metals & Mining | 88,948 | 0.4 | % | |||||
Multiline Retail | 145,482 | 0.7 | % | |||||
Multi-Utilities | 365,496 | 1.8 | % | |||||
Oil, Gas & Consumable Fuels | 1,407,263 | 7.0 | % | |||||
Personal Products | 29,495 | 0.2 | % | |||||
Pharmaceuticals | 1,172,535 | 5.9 | % | |||||
Professional Services | 57,650 | 0.3 | % | |||||
Real Estate Management & Development | 15,925 | 0.1 | % | |||||
Road & Rail | 251,173 | 1.3 | % | |||||
Semiconductors & Semiconductor Equipment | 626,866 | 3.1 | % | |||||
Software | 186,893 | 0.9 | % | |||||
Specialty Retail | 246,198 | 1.2 | % | |||||
Technology Hardware, Storage & Peripherals | 68,609 | 0.3 | % | |||||
Textiles, Apparel & Luxury Goods | 112,412 | 0.6 | % | |||||
Tobacco | 261,865 | 1.3 | % | |||||
Trading Companies & Distributors | 54,200 | 0.3 | % | |||||
Water Utilities | 32,176 | 0.2 | % | |||||
Wireless Telecommunication Services | 95,993 | 0.5 | % | |||||
Other** | (44,894 | ) | (0.2 | )% | ||||
Total | $ | 19,979,520 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
NM | Not meaningful, amount is less than 0.05%. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Mid-Cap Growth ProFund :: 125
Common Stocks (100.7%)
Shares | Value | |||||||
ACI Worldwide, Inc.* (Software) | 169 | $ | 4,822 | |||||
Acuity Brands, Inc. (Electrical Equipment) | 109 | 19,882 | ||||||
Affiliated Managers Group, Inc. (Capital Markets) | 122 | 15,418 | ||||||
Alcoa Corp. (Metals & Mining) | 232 | 11,806 | ||||||
American Campus Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 242 | 15,807 | ||||||
American Eagle Outfitters, Inc. (Specialty Retail) | 204 | 2,456 | ||||||
American Financial Group, Inc. (Insurance) | 97 | 12,967 | ||||||
Amkor Technology, Inc. (Semiconductors & Semiconductor Equipment) | 127 | 2,562 | ||||||
Antero Midstream Corp. (Oil, Gas & Consumable Fuels) | 1,025 | 10,312 | ||||||
Apartment Income REIT Corp. (Equity Real Estate Investment Trusts (REITs)) | 232 | 10,519 | ||||||
AptarGroup, Inc. (Containers & Packaging) | 94 | 10,129 | ||||||
Arrowhead Pharmaceuticals, Inc.* (Biotechnology) | 333 | 14,162 | ||||||
ASGN, Inc.* (Professional Services) | 161 | 16,705 | ||||||
Ashland, Inc. (Chemicals) | 69 | 6,932 | ||||||
Aspen Technology, Inc.* (Software) | 90 | 18,368 | ||||||
AutoNation, Inc.* (Specialty Retail) | 53 | 6,293 | ||||||
Avient Corp. (Chemicals) | 288 | 12,427 | ||||||
Avis Budget Group, Inc.* (Road & Rail) | 108 | 19,659 | ||||||
Axon Enterprise, Inc.* (Aerospace & Defense) | 223 | 24,572 | ||||||
Azenta, Inc. (Semiconductors & Semiconductor Equipment) | 236 | 16,109 | ||||||
Bank of Hawaii Corp. (Banks) | 53 | 4,246 | ||||||
Bank OZK (Banks) | 166 | 6,657 | ||||||
Blackbaud, Inc.* (Software) | 93 | 5,703 | ||||||
Boyd Gaming Corp. (Hotels, Restaurants & Leisure) | 253 | 14,044 | ||||||
Brixmor Property Group, Inc. (Equity Real Estate Investment Trusts (REITs)) | 519 | 12,030 | ||||||
Bruker Corp. (Life Sciences Tools & Services) | 315 | 21,593 | ||||||
Brunswick Corp. (Leisure Products) | 239 | 19,149 | ||||||
Builders FirstSource, Inc.* (Building Products) | 546 | 37,128 | ||||||
Cable One, Inc. (Media) | 9 | 12,389 | ||||||
Calix, Inc.* (Communications Equipment) | 175 | 9,982 | ||||||
Capri Holdings, Ltd.* (Textiles, Apparel & Luxury Goods) | 283 | 13,776 | ||||||
Carlisle Cos., Inc. (Industrial Conglomerates) | 162 | 47,968 | ||||||
Cathay General Bancorp (Banks) | 92 | 3,836 | ||||||
ChampionX Corp. (Energy Equipment & Services) | 298 | 6,225 | ||||||
Chart Industries, Inc.* (Machinery) | 112 | 21,850 | ||||||
Chemed Corp. (Health Care Providers & Services) | 27 | 12,989 | ||||||
Choice Hotels International, Inc. (Hotels, Restaurants & Leisure) | 72 | 8,703 | ||||||
Churchill Downs, Inc. (Hotels, Restaurants & Leisure) | 108 | 22,659 | ||||||
Ciena Corp.* (Communications Equipment) | 302 | 15,583 | ||||||
Cirrus Logic, Inc.* (Semiconductors & Semiconductor Equipment) | 88 | 7,520 | ||||||
Clean Harbors, Inc.* (Commercial Services & Supplies) | 93 | 9,076 | ||||||
Cleveland-Cliffs, Inc.* (Metals & Mining) | 1,503 | 26,619 | ||||||
CNX Resources Corp.* (Oil, Gas & Consumable Fuels) | 286 | 4,939 | ||||||
Coca-Cola Consolidated, Inc. (Beverages) | 14 | 7,182 | ||||||
Cognex Corp. (Electronic Equipment, Instruments & Components) | 344 | 17,536 | ||||||
Columbia Sportswear Co. (Textiles, Apparel & Luxury Goods) | 57 | 4,219 | ||||||
Commerce Bancshares, Inc. (Banks) | 173 | 12,022 | ||||||
CommVault Systems, Inc.* (Software) | 92 | 5,160 | ||||||
Concentrix Corp. (IT Services) | 136 | 18,191 | ||||||
Crane Holdings Co. (Machinery) | 75 | 7,420 | ||||||
Crocs, Inc.* (Textiles, Apparel & Luxury Goods) | 195 | 13,970 | ||||||
Cullen/Frost Bankers, Inc. (Banks) | 99 | 12,910 | ||||||
Darling Ingredients, Inc.* (Food Products) | 508 | 35,194 | ||||||
Deckers Outdoor Corp.* (Textiles, Apparel & Luxury Goods) | 86 | 26,936 | ||||||
Dick's Sporting Goods, Inc. (Specialty Retail) | 183 | 17,127 | ||||||
Donaldson Co., Inc. (Machinery) | 199 | 10,828 | ||||||
Douglas Emmett, Inc. (Equity Real Estate Investment Trusts (REITs)) | 253 | 5,981 | ||||||
DT Midstream, Inc. (Oil, Gas & Consumable Fuels) | 128 | 7,044 | ||||||
Dycom Industries, Inc.* (Construction & Engineering) | 35 | 3,611 | ||||||
Eagle Materials, Inc. (Construction Materials) | 125 | 15,806 | ||||||
East West Bancorp, Inc. (Banks) | 449 | 32,228 | ||||||
EastGroup Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 131 | 22,341 | ||||||
Enovis Corp.* (Health Care Equipment & Supplies) | 61 | 3,643 | ||||||
Envestnet, Inc.* (Software) | 92 | 5,361 | ||||||
Esab Corp. (Machinery) | 60 | 2,473 | ||||||
Essential Utilities, Inc. (Water Utilities) | 457 | 23,737 | ||||||
Euronet Worldwide, Inc.* (IT Services) | 54 | 5,307 | ||||||
Evercore Partners, Inc.—Class A (Capital Markets) | 128 | 12,796 | ||||||
Exelixis, Inc.* (Biotechnology) | 535 | 11,192 | ||||||
Fair Isaac Corp.* (Software) | 46 | 21,253 | ||||||
Federated Hermes, Inc.—Class B (Capital Markets) | 135 | 4,605 | ||||||
First American Financial Corp. (Insurance) | 155 | 8,990 | ||||||
First Financial Bankshares, Inc. (Banks) | 403 | 17,805 | ||||||
First Industrial Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 286 | 14,858 | ||||||
First Solar, Inc.* (Semiconductors & Semiconductor Equipment) | 184 | 18,247 | ||||||
Five Below, Inc.* (Specialty Retail) | 175 | 22,237 | ||||||
Fox Factory Holding Corp.* (Auto Components) | 132 | 12,495 | ||||||
FTI Consulting, Inc.* (Professional Services) | 109 | 17,828 | ||||||
GameStop Corp.*(a)—Class A (Specialty Retail) | 778 | 26,460 | ||||||
Genpact, Ltd. (IT Services) | 354 | 17,020 | ||||||
Gentex Corp. (Auto Components) | 389 | 10,978 | ||||||
Glacier Bancorp, Inc. (Banks) | 342 | 17,131 | ||||||
Globus Medical, Inc.* (Health Care Equipment & Supplies) | 151 | 8,862 | ||||||
Graco, Inc. (Machinery) | 319 | 21,424 | ||||||
GXO Logistics, Inc.* (Air Freight & Logistics) | 320 | 15,360 | ||||||
H&R Block, Inc. (Diversified Consumer Services) | 230 | 9,191 | ||||||
Halozyme Therapeutics, Inc.* (Biotechnology) | 435 | 21,272 | ||||||
Hancock Whitney Corp. (Banks) | 123 | 6,004 | ||||||
Healthcare Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 584 | 15,330 |
See accompanying notes to the financial statements.
126 :: Mid-Cap Growth ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
HealthEquity, Inc.* (Health Care Providers & Services) | 178 | $ | 10,354 | |||||
Helen of Troy, Ltd.* (Household Durables) | 76 | 10,168 | ||||||
Home BancShares, Inc. (Banks) | 218 | 5,145 | ||||||
Hubbell, Inc. (Electrical Equipment) | 92 | 20,150 | ||||||
IAA, Inc.* (Commercial Services & Supplies) | 227 | 8,565 | ||||||
ICU Medical, Inc.* (Health Care Equipment & Supplies) | 30 | 5,315 | ||||||
II-VI, Inc.* (Electronic Equipment, Instruments & Components) | 196 | 10,312 | ||||||
Inari Medical, Inc.* (Health Care Equipment & Supplies) | 107 | 8,301 | ||||||
Independence Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 694 | 15,407 | ||||||
Ingevity Corp.* (Chemicals) | 66 | 4,429 | ||||||
Insperity, Inc. (Professional Services) | 111 | 12,181 | ||||||
Integra LifeSciences Holdings Corp.* (Health Care Equipment & Supplies) | 114 | 6,275 | ||||||
Interactive Brokers Group, Inc. (Capital Markets) | 171 | 10,036 | ||||||
Iridium Communications, Inc.* (Diversified Telecommunication Services) | 212 | 9,479 | ||||||
ITT, Inc. (Machinery) | 147 | 11,029 | ||||||
Jabil, Inc. (Electronic Equipment, Instruments & Components) | 196 | 11,631 | ||||||
Janus Henderson Group PLC (Capital Markets) | 243 | 6,262 | ||||||
Jefferies Financial Group, Inc. (Diversified Financial Services) | 604 | 19,672 | ||||||
John Wiley & Sons, Inc.—Class A (Media) | 69 | 3,603 | ||||||
Jones Lang LaSalle, Inc.* (Real Estate Management & Development) | 77 | 14,682 | ||||||
KBR, Inc. (Professional Services) | 285 | 15,171 | ||||||
Kinsale Capital Group, Inc. (Insurance) | 68 | 16,539 | ||||||
Lamar Advertising Co.—Class A (Equity Real Estate Investment Trusts (REITs)) | 180 | 18,191 | ||||||
Lancaster Colony Corp. (Food Products) | 30 | 3,971 | ||||||
Landstar System, Inc. (Road & Rail) | 77 | 12,057 | ||||||
Lattice Semiconductor Corp.* (Semiconductors & Semiconductor Equipment) | 434 | 26,691 | ||||||
Lennox International, Inc. (Building Products) | 60 | 14,372 | ||||||
Life Storage, Inc. (Equity Real Estate Investment Trusts (REITs)) | 267 | 33,613 | ||||||
Light & Wonder, Inc.* (Hotels, Restaurants & Leisure) | 301 | 15,333 | ||||||
Lincoln Electric Holdings, Inc. (Machinery) | 106 | 14,993 | ||||||
Littelfuse, Inc. (Electronic Equipment, Instruments & Components) | 48 | 13,386 | ||||||
LivaNova PLC* (Health Care Equipment & Supplies) | 100 | 6,367 | ||||||
Louisiana-Pacific Corp. (Paper & Forest Products) | 259 | 16,480 | ||||||
Lumentum Holdings, Inc.* (Communications Equipment) | 97 | 8,775 | ||||||
Manhattan Associates, Inc.* (Software) | 199 | 27,993 | ||||||
Marriott Vacations Worldwide Corp. (Hotels, Restaurants & Leisure) | 60 | 8,215 | ||||||
Masimo Corp.* (Health Care Equipment & Supplies) | 161 | 23,277 | ||||||
MasTec, Inc.* (Construction & Engineering) | 92 | 7,262 | ||||||
Matador Resources Co. (Oil, Gas & Consumable Fuels) | 349 | 20,165 | ||||||
Mattel, Inc.* (Leisure Products) | 1,109 | 25,728 | ||||||
MAXIMUS, Inc. (IT Services) | 194 | 12,969 | ||||||
Medpace Holdings, Inc.* (Life Sciences Tools & Services) | 85 | 14,410 | ||||||
MKS Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 95 | 11,229 | ||||||
MP Materials Corp.* (Metals & Mining) | 234 | 7,855 | ||||||
MSA Safety, Inc. (Commercial Services & Supplies) | 60 | 7,700 | ||||||
Murphy Oil Corp. (Oil, Gas & Consumable Fuels) | 459 | 16,129 | ||||||
National Fuel Gas Co. (Gas Utilities) | 151 | 10,923 | ||||||
National Instruments Corp. (Electronic Equipment, Instruments & Components) | 218 | 8,284 | ||||||
National Retail Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 250 | 11,903 | ||||||
National Storage Affiliates Trust (Equity Real Estate Investment Trusts (REITs)) | 266 | 14,587 | ||||||
Navient Corp. (Consumer Finance) | 464 | 7,642 | ||||||
Neogen Corp.*(a) (Health Care Equipment & Supplies) | 196 | 4,533 | ||||||
Neurocrine Biosciences, Inc.* (Biotechnology) | 300 | 28,239 | ||||||
Novanta, Inc.* (Electronic Equipment, Instruments & Components) | 73 | 11,257 | ||||||
nVent Electric PLC (Electrical Equipment) | 309 | 10,911 | ||||||
OGE Energy Corp. (Electric Utilities) | 231 | 9,489 | ||||||
Olin Corp. (Chemicals) | 438 | 22,895 | ||||||
Omnicell, Inc.* (Health Care Technology) | 139 | 15,307 | ||||||
Option Care Health, Inc.* (Health Care Providers & Services) | 436 | 14,650 | ||||||
Ormat Technologies, Inc. (Independent Power and Renewable Electricity Producers) | 50 | 4,327 | ||||||
PacWest Bancorp (Banks) | 369 | 10,343 | ||||||
Papa John's International, Inc. (Hotels, Restaurants & Leisure) | 99 | 9,493 | ||||||
Paylocity Holding Corp.* (Software) | 125 | 25,741 | ||||||
PDC Energy, Inc. (Oil, Gas & Consumable Fuels) | 300 | 19,707 | ||||||
Penumbra, Inc.* (Health Care Equipment & Supplies) | 111 | 15,471 | ||||||
Pinnacle Financial Partners, Inc. (Banks) | 241 | 19,063 | ||||||
Polaris, Inc. (Leisure Products) | 77 | 9,031 | ||||||
PotlatchDeltic Corp. (Equity Real Estate Investment Trusts (REITs)) | 95 | 4,658 | ||||||
Power Integrations, Inc. (Semiconductors & Semiconductor Equipment) | 184 | 15,642 | ||||||
Primerica, Inc. (Insurance) | 76 | 9,780 | ||||||
Progyny, Inc.* (Health Care Providers & Services) | 136 | 4,152 | ||||||
Qualys, Inc.* (Software) | 105 | 12,844 | ||||||
QuidelOrtho Corp.* (Health Care Equipment & Supplies) | 157 | 16,020 | ||||||
R1 RCM, Inc.* (Health Care Providers & Services) | 244 | 6,100 | ||||||
Range Resources Corp.* (Oil, Gas & Consumable Fuels) | 561 | 18,552 | ||||||
Rayonier, Inc. (Equity Real Estate Investment Trusts (REITs)) | 275 | 10,381 | ||||||
Regal Rexnord Corp. (Electrical Equipment) | 90 | 12,087 | ||||||
Repligen Corp.* (Life Sciences Tools & Services) | 162 | 34,565 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Mid-Cap Growth ProFund :: 127
Common Stocks, continued
Shares | Value | |||||||
Rexford Industrial Realty, Inc. (Equity Real Estate Investment Trusts (REITs)) | 520 | $ | 34,012 | |||||
RH* (Specialty Retail) | 57 | 15,928 | ||||||
RLI Corp. (Insurance) | 77 | 8,468 | ||||||
Royal Gold, Inc. (Metals & Mining) | 124 | 12,991 | ||||||
RPM International, Inc. (Chemicals) | 209 | 18,894 | ||||||
Sabre Corp.* (IT Services) | 493 | 3,032 | ||||||
Saia, Inc.* (Road & Rail) | 84 | 19,979 | ||||||
Sailpoint Technologies Holding, Inc.* (Software) | 297 | 18,940 | ||||||
SEI Investments Co. (Capital Markets) | 194 | 10,740 | ||||||
Semtech Corp.* (Semiconductors & Semiconductor Equipment) | 131 | 8,165 | ||||||
Sensient Technologies Corp. (Chemicals) | 77 | 6,620 | ||||||
Service Corp. International (Diversified Consumer Services) | 501 | 37,304 | ||||||
Shockwave Medical, Inc.* (Health Care Equipment & Supplies) | 112 | 23,625 | ||||||
Silicon Laboratories, Inc.* (Semiconductors & Semiconductor Equipment) | 114 | 16,813 | ||||||
Simpson Manufacturing Co., Inc. (Building Products) | 137 | 14,149 | ||||||
SiTime Corp.* (Semiconductors & Semiconductor Equipment) | 48 | 8,927 | ||||||
Skechers U.S.A., Inc.*—Class A (Textiles, Apparel & Luxury Goods) | 199 | 7,554 | ||||||
SLM Corp. (Consumer Finance) | 847 | 13,213 | ||||||
Sotera Health Co.* (Life Sciences Tools & Services) | 234 | 4,493 | ||||||
Southwestern Energy Co.* (Oil, Gas & Consumable Fuels) | 2,258 | 15,941 | ||||||
STAAR Surgical Co.* (Health Care Equipment & Supplies) | 151 | 12,186 | ||||||
Steel Dynamics, Inc. (Metals & Mining) | 566 | 44,081 | ||||||
Stifel Financial Corp. (Capital Markets) | 336 | 20,096 | ||||||
SunPower Corp.* (Semiconductors & Semiconductor Equipment) | 262 | 5,337 | ||||||
Synaptics, Inc.* (Semiconductors & Semiconductor Equipment) | 125 | 18,119 | ||||||
Syneos Health, Inc.* (Life Sciences Tools & Services) | 324 | 25,641 | ||||||
Synovus Financial Corp. (Banks) | 183 | 7,390 | ||||||
Tandem Diabetes Care, Inc.* (Health Care Equipment & Supplies) | 202 | 13,374 | ||||||
Targa Resources Corp. (Oil, Gas & Consumable Fuels) | 720 | 49,760 | ||||||
TEGNA, Inc. (Media) | 303 | 6,345 | ||||||
Tempur Sealy International, Inc. (Household Durables) | 552 | 15,169 | ||||||
Tenet Healthcare Corp.* (Health Care Providers & Services) | 338 | 22,349 | ||||||
Teradata Corp.* (IT Services) | 330 | 12,636 | ||||||
Tetra Tech, Inc. (Commercial Services & Supplies) | 169 | 25,903 | ||||||
Texas Roadhouse, Inc. (Hotels, Restaurants & Leisure) | 128 | 11,164 | ||||||
The Boston Beer Co., Inc.*—Class A (Beverages) | 18 | 6,848 | ||||||
The Middleby Corp.* (Machinery) | 110 | 15,916 | ||||||
The New York Times Co.—Class A (Media) | 304 | 9,713 | ||||||
The Scotts Miracle-Gro Co.—Class A (Chemicals) | 128 | 11,386 | ||||||
The Toro Co. (Machinery) | 329 | 28,292 | ||||||
The Wendy's Co. (Hotels, Restaurants & Leisure) | 268 | 5,636 | ||||||
TopBuild Corp.* (Household Durables) | 102 | 21,595 | ||||||
Trex Co., Inc.* (Building Products) | 357 | 23,034 | ||||||
TripAdvisor, Inc.* (Interactive Media & Services) | 130 | 2,471 | ||||||
UMB Financial Corp. (Banks) | 136 | 12,308 | ||||||
Umpqua Holdings Corp. (Banks) | 253 | 4,455 | ||||||
Under Armour, Inc.*—Class A (Textiles, Apparel & Luxury Goods) | 255 | 2,361 | ||||||
Under Armour, Inc.*—Class C (Textiles, Apparel & Luxury Goods) | 274 | 2,263 | ||||||
United Therapeutics Corp.* (Biotechnology) | 69 | 15,944 | ||||||
Universal Display Corp. (Semiconductors & Semiconductor Equipment) | 137 | 15,818 | ||||||
Valmont Industries, Inc. (Construction & Engineering) | 67 | 18,188 | ||||||
Valvoline, Inc. (Chemicals) | 561 | 18,075 | ||||||
Vicor Corp.* (Electrical Equipment) | 68 | 4,961 | ||||||
Victoria's Secret & Co.* (Specialty Retail) | 104 | 3,844 | ||||||
Watsco, Inc. (Trading Companies & Distributors) | 69 | 18,903 | ||||||
Watts Water Technologies, Inc.—Class A (Machinery) | 88 | 12,155 | ||||||
Webster Financial Corp. (Banks) | 229 | 10,637 | ||||||
WEX, Inc.* (IT Services) | 61 | 10,139 | ||||||
Williams-Sonoma, Inc. (Specialty Retail) | 219 | 31,628 | ||||||
Wingstop, Inc. (Hotels, Restaurants & Leisure) | 94 | 11,861 | ||||||
Wintrust Financial Corp. (Banks) | 94 | 8,088 | ||||||
Wolfspeed, Inc.* (Semiconductors & Semiconductor Equipment) | 214 | 17,826 | ||||||
World Wrestling Entertainment, Inc.—Class A (Entertainment) | 85 | 5,891 | ||||||
Wyndham Hotels & Resorts, Inc. (Hotels, Restaurants & Leisure) | 189 | 13,118 | ||||||
YETI Holdings, Inc.* (Leisure Products) | 271 | 13,759 | ||||||
Ziff Davis, Inc.* (Interactive Media & Services) | 151 | 12,366 | ||||||
TOTAL COMMON STOCKS (Cost $2,400,438) | 3,253,397 | |||||||
Collateral for Securities Loaned(b) (0.9%) | ||||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(c) | 29,102 | 29,102 | ||||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $29,102) | 29,102 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $2,429,540)—101.6% | 3,282,499 | |||||||
Net other assets (liabilities)—(1.6)% | (52,994 | ) | ||||||
NET ASSETS—100.0% | $ | 3,229,505 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $28,566. |
(b) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(c) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
See accompanying notes to the financial statements.
128 :: Mid-Cap Growth ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Mid-Cap Growth ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Aerospace & Defense | $ | 24,572 | 0.8 | % | ||||
Air Freight & Logistics | 15,360 | 0.5 | % | |||||
Auto Components | 23,473 | 0.7 | % | |||||
Banks | 190,267 | 5.9 | % | |||||
Beverages | 14,030 | 0.4 | % | |||||
Biotechnology | 90,809 | 2.8 | % | |||||
Building Products | 88,683 | 2.7 | % | |||||
Capital Markets | 79,953 | 2.5 | % | |||||
Chemicals | 101,658 | 3.2 | % | |||||
Commercial Services & Supplies | 51,244 | 1.6 | % | |||||
Communications Equipment | 34,340 | 1.1 | % | |||||
Construction & Engineering | 29,061 | 0.9 | % | |||||
Construction Materials | 15,806 | 0.5 | % | |||||
Consumer Finance | 20,855 | 0.6 | % | |||||
Containers & Packaging | 10,129 | 0.3 | % | |||||
Diversified Consumer Services | 46,495 | 1.4 | % | |||||
Diversified Financial Services | 19,672 | 0.6 | % | |||||
Diversified Telecommunication Services | 9,479 | 0.3 | % | |||||
Electric Utilities | 9,489 | 0.3 | % | |||||
Electrical Equipment | 67,990 | 2.1 | % | |||||
Electronic Equipment, Instruments & Components | 72,406 | 2.2 | % | |||||
Energy Equipment & Services | 6,225 | 0.2 | % | |||||
Entertainment | 5,891 | 0.2 | % | |||||
Equity Real Estate Investment Trusts | 239,619 | 7.3 | % | |||||
Food Products | 39,166 | 1.2 | % | |||||
Gas Utilities | 10,923 | 0.3 | % | |||||
Health Care Equipment & Supplies | 147,249 | 4.6 | % | |||||
Health Care Providers & Services | 70,594 | 2.2 | % | |||||
Health Care Technology | 15,307 | 0.5 | % | |||||
Hotels, Restaurants & Leisure | 120,226 | 3.7 | % | |||||
Household Durables | 46,932 | 1.5 | % | |||||
Independent Power and Renewable Electricity Producers | 4,327 | 0.1 | % | |||||
Industrial Conglomerates | 47,968 | 1.5 | % | |||||
Insurance | 56,744 | 1.8 | % | |||||
Interactive Media & Services | 14,837 | 0.5 | % | |||||
IT Services | 79,294 | 2.5 | % | |||||
Leisure Products | 67,667 | 2.1 | % | |||||
Life Sciences Tools & Services | 100,702 | 3.1 | % | |||||
Machinery | 146,379 | 4.5 | % | |||||
Media | 32,051 | 1.0 | % | |||||
Metals & Mining | 103,352 | 3.2 | % | |||||
Oil, Gas & Consumable Fuels | 162,549 | 5.0 | % | |||||
Paper & Forest Products | 16,480 | 0.5 | % | |||||
Professional Services | 61,885 | 1.9 | % | |||||
Real Estate Management & Development | 14,682 | 0.5 | % | |||||
Road & Rail | 51,695 | 1.6 | % | |||||
Semiconductors & Semiconductor Equipment | 189,005 | 5.9 | % | |||||
Software | 146,185 | 4.5 | % | |||||
Specialty Retail | 125,973 | 3.9 | % | |||||
Textiles, Apparel & Luxury Goods | 71,079 | 2.2 | % | |||||
Trading Companies & Distributors | 18,903 | 0.6 | % | |||||
Water Utilities | 23,737 | 0.7 | % | |||||
Other** | (23,892 | ) | (0.7 | )% | ||||
Total | $ | 3,229,505 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Mid-Cap ProFund :: 129
Common Stocks (65.3%)
Shares | Value | |||||||
Acadia Healthcare Co., Inc.* (Health Care Providers & Services) | 107 | $ | 8,871 | |||||
ACI Worldwide, Inc.* (Software) | 136 | 3,880 | ||||||
Acuity Brands, Inc. (Electrical Equipment) | 41 | 7,478 | ||||||
Adient PLC* (Auto Components) | 112 | 3,783 | ||||||
AECOM (Construction & Engineering) | 168 | 12,096 | ||||||
Affiliated Managers Group, Inc. (Capital Markets) | 46 | 5,813 | ||||||
AGCO Corp. (Machinery) | 73 | 7,951 | ||||||
Alcoa Corp. (Metals & Mining) | 219 | 11,145 | ||||||
Alleghany Corp.* (Insurance) | 16 | 13,399 | ||||||
ALLETE, Inc. (Electric Utilities) | 68 | 4,221 | ||||||
Amedisys, Inc.* (Health Care Providers & Services) | 39 | 4,674 | ||||||
American Campus Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 165 | 10,778 | ||||||
American Eagle Outfitters, Inc. (Specialty Retail) | 183 | 2,203 | ||||||
American Financial Group, Inc. (Insurance) | 79 | 10,561 | ||||||
Amkor Technology, Inc. (Semiconductors & Semiconductor Equipment) | 119 | 2,400 | ||||||
Antero Midstream Corp. (Oil, Gas & Consumable Fuels) | 386 | 3,883 | ||||||
Apartment Income REIT Corp. (Equity Real Estate Investment Trusts (REITs)) | 186 | 8,433 | ||||||
AptarGroup, Inc. (Containers & Packaging) | 78 | 8,405 | ||||||
Arrow Electronics, Inc.* (Electronic Equipment, Instruments & Components) | 78 | 9,997 | ||||||
Arrowhead Pharmaceuticals, Inc.* (Biotechnology) | 126 | 5,359 | ||||||
ASGN, Inc.* (Professional Services) | 61 | 6,329 | ||||||
Ashland, Inc. (Chemicals) | 60 | 6,028 | ||||||
Aspen Technology, Inc.* (Software) | 33 | 6,735 | ||||||
Associated Banc-Corp. (Banks) | 178 | 3,578 | ||||||
AutoNation, Inc.* (Specialty Retail) | 42 | 4,987 | ||||||
Avient Corp. (Chemicals) | 109 | 4,703 | ||||||
Avis Budget Group, Inc.* (Road & Rail) | 41 | 7,463 | ||||||
Avnet, Inc. (Electronic Equipment, Instruments & Components) | 116 | 5,553 | ||||||
Axon Enterprise, Inc.* (Aerospace & Defense) | 85 | 9,366 | ||||||
Azenta, Inc. (Semiconductors & Semiconductor Equipment) | 89 | 6,075 | ||||||
Bank of Hawaii Corp. (Banks) | 48 | 3,845 | ||||||
Bank OZK (Banks) | 134 | 5,373 | ||||||
Belden, Inc. (Electronic Equipment, Instruments & Components) | 52 | 3,365 | ||||||
BellRing Brands, Inc.* (Personal Products) | 129 | 3,114 | ||||||
BJ's Wholesale Club Holdings, Inc.* (Food & Staples Retailing) | 160 | 10,831 | ||||||
Black Hills Corp. (Multi-Utilities) | 77 | 5,944 | ||||||
Blackbaud, Inc.* (Software) | 54 | 3,311 | ||||||
Boyd Gaming Corp. (Hotels, Restaurants & Leisure) | 95 | 5,273 | ||||||
Bread Financial Holdings, Inc. (IT Services) | 59 | 2,337 | ||||||
Brighthouse Financial, Inc.* (Insurance) | 89 | 3,864 | ||||||
Brixmor Property Group, Inc. (Equity Real Estate Investment Trusts (REITs)) | 356 | 8,252 | ||||||
Bruker Corp. (Life Sciences Tools & Services) | 119 | 8,157 | ||||||
Brunswick Corp. (Leisure Products) | 90 | 7,211 | ||||||
Builders FirstSource, Inc.* (Building Products) | 205 | 13,940 | ||||||
Cable One, Inc. (Media) | 6 | 8,260 | ||||||
Cabot Corp. (Chemicals) | 67 | 4,975 | ||||||
CACI International, Inc.*—Class A (Professional Services) | 28 | 8,464 | ||||||
Cadence Bank (Banks) | 218 | 5,690 | ||||||
Calix, Inc.* (Communications Equipment) | 66 | 3,765 | ||||||
Callaway Golf Co.* (Leisure Products) | 138 | 3,167 | ||||||
Capri Holdings, Ltd.* (Textiles, Apparel & Luxury Goods) | 175 | 8,519 | ||||||
Carlisle Cos., Inc. (Industrial Conglomerates) | 61 | 18,062 | ||||||
Carter's, Inc. (Textiles, Apparel & Luxury Goods) | 48 | 3,911 | ||||||
Casey's General Stores, Inc. (Food & Staples Retailing) | 44 | 8,917 | ||||||
Cathay General Bancorp (Banks) | 89 | 3,711 | ||||||
ChampionX Corp. (Energy Equipment & Services) | 241 | 5,034 | ||||||
Chart Industries, Inc.* (Machinery) | 43 | 8,389 | ||||||
Chemed Corp. (Health Care Providers & Services) | 18 | 8,660 | ||||||
Choice Hotels International, Inc. (Hotels, Restaurants & Leisure) | 39 | 4,714 | ||||||
Churchill Downs, Inc. (Hotels, Restaurants & Leisure) | 41 | 8,602 | ||||||
Ciena Corp.* (Communications Equipment) | 181 | 9,339 | ||||||
Cirrus Logic, Inc.* (Semiconductors & Semiconductor Equipment) | 68 | 5,811 | ||||||
Clean Harbors, Inc.* (Commercial Services & Supplies) | 59 | 5,758 | ||||||
Cleveland-Cliffs, Inc.* (Metals & Mining) | 567 | 10,042 | ||||||
CNO Financial Group, Inc. (Insurance) | 137 | 2,569 | ||||||
CNX Resources Corp.* (Oil, Gas & Consumable Fuels) | 232 | 4,007 | ||||||
Coca-Cola Consolidated, Inc. (Beverages) | 5 | 2,565 | ||||||
Cognex Corp. (Electronic Equipment, Instruments & Components) | 206 | 10,502 | ||||||
Columbia Sportswear Co. (Textiles, Apparel & Luxury Goods) | 40 | 2,960 | ||||||
Commerce Bancshares, Inc. (Banks) | 130 | 9,034 | ||||||
Commercial Metals Co. (Metals & Mining) | 144 | 5,705 | ||||||
CommVault Systems, Inc.* (Software) | 53 | 2,973 | ||||||
Concentrix Corp. (IT Services) | 51 | 6,822 | ||||||
Corporate Office Properties Trust (Equity Real Estate Investment Trusts (REITs)) | 133 | 3,744 | ||||||
Coty, Inc.*—Class A (Personal Products) | 409 | 2,994 | ||||||
Cousins Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 176 | 5,430 | ||||||
Cracker Barrel Old Country Store, Inc. (Hotels, Restaurants & Leisure) | 28 | 2,662 | ||||||
Crane Holdings Co. (Machinery) | 57 | 5,639 | ||||||
Crocs, Inc.* (Textiles, Apparel & Luxury Goods) | 73 | 5,230 | ||||||
Cullen/Frost Bankers, Inc. (Banks) | 68 | 8,867 | ||||||
Curtiss-Wright Corp. (Aerospace & Defense) | 46 | 6,598 | ||||||
Dana, Inc. (Auto Components) | 170 | 2,849 | ||||||
Darling Ingredients, Inc.* (Food Products) | 192 | 13,302 | ||||||
Deckers Outdoor Corp.* (Textiles, Apparel & Luxury Goods) | 32 | 10,023 | ||||||
Dick's Sporting Goods, Inc. (Specialty Retail) | 69 | 6,458 | ||||||
Donaldson Co., Inc. (Machinery) | 147 | 7,998 | ||||||
Douglas Emmett, Inc. (Equity Real Estate Investment Trusts (REITs)) | 209 | 4,941 | ||||||
DT Midstream, Inc. (Oil, Gas & Consumable Fuels) | 115 | 6,328 |
See accompanying notes to the financial statements.
130 :: Mid-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Dycom Industries, Inc.* (Construction & Engineering) | 35 | $ | 3,611 | |||||
Eagle Materials, Inc. (Construction Materials) | 47 | 5,943 | ||||||
East West Bancorp, Inc. (Banks) | 169 | 12,131 | ||||||
EastGroup Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 49 | 8,356 | ||||||
EMCOR Group, Inc. (Construction & Engineering) | 61 | 7,099 | ||||||
Encompass Health Corp. (Health Care Providers & Services) | 119 | 6,024 | ||||||
Energizer Holdings, Inc. (Household Products) | 78 | 2,303 | ||||||
EnerSys (Electrical Equipment) | 49 | 3,230 | ||||||
Enhabit, Inc.* (Health Care Providers & Services) | 1 | 9 | ||||||
Enovis Corp.* (Health Care Equipment & Supplies) | 56 | 3,344 | ||||||
Envestnet, Inc.* (Software) | 66 | 3,846 | ||||||
Envista Holdings Corp.* (Health Care Equipment & Supplies) | 193 | 7,845 | ||||||
EPR Properties (Equity Real Estate Investment Trusts (REITs)) | 89 | 4,789 | ||||||
EQT Corp. (Oil, Gas & Consumable Fuels) | 351 | 15,455 | ||||||
Equitrans Midstream Corp. (Oil, Gas & Consumable Fuels) | 482 | 3,784 | ||||||
Esab Corp. (Machinery) | 54 | 2,226 | ||||||
Essent Group, Ltd. (Thrifts & Mortgage Finance) | 128 | 5,345 | ||||||
Essential Utilities, Inc. (Water Utilities) | 273 | 14,180 | ||||||
Euronet Worldwide, Inc.* (IT Services) | 60 | 5,896 | ||||||
Evercore Partners, Inc.—Class A (Capital Markets) | 48 | 4,799 | ||||||
Exelixis, Inc.* (Biotechnology) | 380 | 7,950 | ||||||
F.N.B. Corp. (Banks) | 401 | 4,796 | ||||||
Fair Isaac Corp.* (Software) | 31 | 14,323 | ||||||
Federated Hermes, Inc.—Class B (Capital Markets) | 109 | 3,718 | ||||||
First American Financial Corp. (Insurance) | 127 | 7,366 | ||||||
First Financial Bankshares, Inc. (Banks) | 152 | 6,715 | ||||||
First Horizon Corp. (Banks) | 635 | 14,199 | ||||||
First Industrial Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 157 | 8,156 | ||||||
First Solar, Inc.* (Semiconductors & Semiconductor Equipment) | 118 | 11,702 | ||||||
FirstCash Holdings, Inc. (Consumer Finance) | 47 | 3,443 | ||||||
Five Below, Inc.* (Specialty Retail) | 66 | 8,387 | ||||||
Flowers Foods, Inc. (Food Products) | 236 | 6,705 | ||||||
Flowserve Corp. (Machinery) | 155 | 5,245 | ||||||
Fluor Corp.* (Construction & Engineering) | 169 | 4,294 | ||||||
Foot Locker, Inc. (Specialty Retail) | 99 | 2,809 | ||||||
Fox Factory Holding Corp.* (Auto Components) | 50 | 4,733 | ||||||
FTI Consulting, Inc.* (Professional Services) | 41 | 6,706 | ||||||
Fulton Financial Corp. (Banks) | 191 | 3,188 | ||||||
GameStop Corp.*(a)—Class A (Specialty Retail) | 292 | 9,930 | ||||||
GATX Corp. (Trading Companies & Distributors) | 42 | 4,211 | ||||||
Genpact, Ltd. (IT Services) | 202 | 9,712 | ||||||
Gentex Corp. (Auto Components) | 278 | 7,845 | ||||||
Glacier Bancorp, Inc. (Banks) | 129 | 6,462 | ||||||
Globus Medical, Inc.* (Health Care Equipment & Supplies) | 94 | 5,517 | ||||||
Graco, Inc. (Machinery) | 201 | 13,500 | ||||||
Graham Holdings Co.—Class B (Diversified Consumer Services) | 5 | 2,972 | ||||||
Grand Canyon Education, Inc.* (Diversified Consumer Services) | 38 | 3,651 | ||||||
Greif, Inc.—Class A (Containers & Packaging) | 32 | 2,260 | ||||||
Grocery Outlet Holding Corp.* (Food & Staples Retailing) | 104 | 4,443 | ||||||
GXO Logistics, Inc.* (Air Freight & Logistics) | 121 | 5,808 | ||||||
H&R Block, Inc. (Diversified Consumer Services) | 189 | 7,552 | ||||||
Haemonetics Corp.* (Health Care Equipment & Supplies) | 61 | 4,239 | ||||||
Halozyme Therapeutics, Inc.* (Biotechnology) | 164 | 8,020 | ||||||
Hancock Whitney Corp. (Banks) | 102 | 4,979 | ||||||
Hanesbrands, Inc. (Textiles, Apparel & Luxury Goods) | 414 | 4,629 | ||||||
Harley-Davidson, Inc. (Automobiles) | 175 | 6,617 | ||||||
Hawaiian Electric Industries, Inc. (Electric Utilities) | 130 | 5,499 | ||||||
Healthcare Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 449 | 11,786 | ||||||
HealthEquity, Inc.* (Health Care Providers & Services) | 100 | 5,817 | ||||||
Helen of Troy, Ltd.* (Household Durables) | 28 | 3,746 | ||||||
Hexcel Corp. (Aerospace & Defense) | 100 | 6,051 | ||||||
HF Sinclair Corp. (Oil, Gas & Consumable Fuels) | 177 | 8,464 | ||||||
Highwoods Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 125 | 4,446 | ||||||
Home BancShares, Inc. (Banks) | 224 | 5,286 | ||||||
Hubbell, Inc. (Electrical Equipment) | 64 | 14,017 | ||||||
Hudson Pacific Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 172 | 2,587 | ||||||
IAA, Inc.* (Commercial Services & Supplies) | 159 | 5,999 | ||||||
ICU Medical, Inc.* (Health Care Equipment & Supplies) | 24 | 4,252 | ||||||
IDACORP, Inc. (Electric Utilities) | 60 | 6,703 | ||||||
II-VI, Inc.* (Electronic Equipment, Instruments & Components) | 153 | 8,074 | ||||||
Inari Medical, Inc.* (Health Care Equipment & Supplies) | 40 | 3,103 | ||||||
Independence Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 262 | 5,816 | ||||||
Ingevity Corp.* (Chemicals) | 46 | 3,087 | ||||||
Ingredion, Inc. (Food Products) | 79 | 7,187 | ||||||
Insperity, Inc. (Professional Services) | 42 | 4,609 | ||||||
Integra LifeSciences Holdings Corp.* (Health Care Equipment & Supplies) | 85 | 4,678 | ||||||
Interactive Brokers Group, Inc. (Capital Markets) | 104 | 6,104 | ||||||
International Bancshares Corp. (Banks) | 63 | 2,763 | ||||||
IPG Photonics Corp.* (Electronic Equipment, Instruments & Components) | 41 | 4,370 | ||||||
Iridium Communications, Inc.* (Diversified Telecommunication Services) | 152 | 6,796 | ||||||
ITT, Inc. (Machinery) | 99 | 7,428 | ||||||
Jabil, Inc. (Electronic Equipment, Instruments & Components) | 168 | 9,969 | ||||||
Janus Henderson Group PLC (Capital Markets) | 199 | 5,128 | ||||||
Jazz Pharmaceuticals PLC* (Pharmaceuticals) | 74 | 11,549 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Mid-Cap ProFund :: 131
Common Stocks, continued
Shares | Value | |||||||
JBG Smith Properties (Equity Real Estate Investment Trusts (REITs)) | 129 | $ | 3,282 | |||||
Jefferies Financial Group, Inc. (Diversified Financial Services) | 228 | 7,426 | ||||||
JetBlue Airways Corp.* (Airlines) | 380 | 3,200 | ||||||
John Wiley & Sons, Inc.—Class A (Media) | 51 | 2,663 | ||||||
Jones Lang LaSalle, Inc.* (Real Estate Management & Development) | 58 | 11,059 | ||||||
KB Home (Household Durables) | 103 | 3,362 | ||||||
KBR, Inc. (Professional Services) | 166 | 8,837 | ||||||
Kemper Corp. (Insurance) | 71 | 3,323 | ||||||
Kennametal, Inc. (Machinery) | 98 | 2,631 | ||||||
Kilroy Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 125 | 6,773 | ||||||
Kinsale Capital Group, Inc. (Insurance) | 26 | 6,323 | ||||||
Kirby Corp.* (Marine) | 71 | 4,504 | ||||||
Kite Realty Group Trust (Equity Real Estate Investment Trusts (REITs)) | 260 | 5,171 | ||||||
Knight-Swift Transportation Holdings, Inc. (Road & Rail) | 194 | 10,660 | ||||||
Kohl's Corp. (Multiline Retail) | 153 | 4,458 | ||||||
Kyndryl Holdings, Inc.* (IT Services) | 214 | 2,241 | ||||||
Lamar Advertising Co.—Class A (Equity Real Estate Investment Trusts (REITs)) | 103 | 10,409 | ||||||
Lancaster Colony Corp. (Food Products) | 24 | 3,177 | ||||||
Landstar System, Inc. (Road & Rail) | 44 | 6,890 | ||||||
Lattice Semiconductor Corp.* (Semiconductors & Semiconductor Equipment) | 163 | 10,025 | ||||||
Lear Corp. (Auto Components) | 71 | 10,732 | ||||||
Leggett & Platt, Inc. (Household Durables) | 158 | 6,263 | ||||||
Lennox International, Inc. (Building Products) | 39 | 9,342 | ||||||
LHC Group, Inc.* (Health Care Providers & Services) | 37 | 6,033 | ||||||
Life Storage, Inc. (Equity Real Estate Investment Trusts (REITs)) | 100 | 12,590 | ||||||
Light & Wonder, Inc.* (Hotels, Restaurants & Leisure) | 114 | 5,807 | ||||||
Lincoln Electric Holdings, Inc. (Machinery) | 69 | 9,759 | ||||||
Lithia Motors, Inc. (Specialty Retail) | 34 | 9,020 | ||||||
Littelfuse, Inc. (Electronic Equipment, Instruments & Components) | 29 | 8,087 | ||||||
LivaNova PLC* (Health Care Equipment & Supplies) | 63 | 4,011 | ||||||
Louisiana-Pacific Corp. (Paper & Forest Products) | 97 | 6,172 | ||||||
Lumentum Holdings, Inc.* (Communications Equipment) | 82 | 7,418 | ||||||
Macy's, Inc. (Multiline Retail) | 338 | 5,966 | ||||||
Manhattan Associates, Inc.* (Software) | 75 | 10,550 | ||||||
ManpowerGroup, Inc. (Professional Services) | 63 | 4,940 | ||||||
Marriott Vacations Worldwide Corp. (Hotels, Restaurants & Leisure) | 49 | 6,709 | ||||||
Masimo Corp.* (Health Care Equipment & Supplies) | 61 | 8,820 | ||||||
MasTec, Inc.* (Construction & Engineering) | 68 | 5,367 | ||||||
Matador Resources Co. (Oil, Gas & Consumable Fuels) | 132 | 7,627 | ||||||
Mattel, Inc.* (Leisure Products) | 418 | 9,698 | ||||||
MAXIMUS, Inc. (IT Services) | 73 | 4,880 | ||||||
MDU Resources Group, Inc. (Multi-Utilities) | 241 | 6,886 | ||||||
Medical Properties Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 712 | 12,275 | ||||||
Medpace Holdings, Inc.* (Life Sciences Tools & Services) | 32 | 5,425 | ||||||
Mercury General Corp. (Insurance) | 32 | 1,342 | ||||||
Mercury Systems, Inc.* (Aerospace & Defense) | 68 | 4,013 | ||||||
MGIC Investment Corp. (Thrifts & Mortgage Finance) | 368 | 5,204 | ||||||
MillerKnoll, Inc. (Commercial Services & Supplies) | 90 | 2,710 | ||||||
Minerals Technologies, Inc. (Chemicals) | 39 | 2,606 | ||||||
MKS Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 66 | 7,801 | ||||||
MP Materials Corp.* (Metals & Mining) | 88 | 2,954 | ||||||
MSA Safety, Inc. (Commercial Services & Supplies) | 43 | 5,519 | ||||||
MSC Industrial Direct Co., Inc. (Trading Companies & Distributors) | 56 | 4,629 | ||||||
Murphy Oil Corp. (Oil, Gas & Consumable Fuels) | 173 | 6,079 | ||||||
Murphy USA, Inc. (Specialty Retail) | 26 | 7,393 | ||||||
National Fuel Gas Co. (Gas Utilities) | 109 | 7,884 | ||||||
National Instruments Corp. (Electronic Equipment, Instruments & Components) | 156 | 5,928 | ||||||
National Retail Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 209 | 9,950 | ||||||
National Storage Affiliates Trust (Equity Real Estate Investment Trusts (REITs)) | 100 | 5,484 | ||||||
Navient Corp. (Consumer Finance) | 176 | 2,899 | ||||||
NCR Corp.* (Technology Hardware, Storage & Peripherals) | 162 | 5,257 | ||||||
Neogen Corp.*(a) (Health Care Equipment & Supplies) | 128 | 2,961 | ||||||
Neurocrine Biosciences, Inc.* (Biotechnology) | 113 | 10,636 | ||||||
New Jersey Resources Corp. (Gas Utilities) | 114 | 5,266 | ||||||
New York Community Bancorp, Inc. (Thrifts & Mortgage Finance) | 555 | 5,894 | ||||||
NewMarket Corp. (Chemicals) | 8 | 2,486 | ||||||
Nordstrom, Inc. (Multiline Retail) | 132 | 3,103 | ||||||
NorthWestern Corp. (Multi-Utilities) | 64 | 3,549 | ||||||
NOV, Inc. (Energy Equipment & Services) | 467 | 8,691 | ||||||
Novanta, Inc.* (Electronic Equipment, Instruments & Components) | 42 | 6,476 | ||||||
Nu Skin Enterprises, Inc.—Class A (Personal Products) | 60 | 2,611 | ||||||
NuVasive, Inc.* (Health Care Equipment & Supplies) | 62 | 3,256 | ||||||
nVent Electric PLC (Electrical Equipment) | 197 | 6,956 | ||||||
OGE Energy Corp. (Electric Utilities) | 237 | 9,736 | ||||||
Old National Bancorp (Banks) | 347 | 6,041 | ||||||
Old Republic International Corp. (Insurance) | 341 | 7,935 | ||||||
Olin Corp. (Chemicals) | 165 | 8,625 | ||||||
Ollie's Bargain Outlet Holdings, Inc.* (Multiline Retail) | 69 | 4,068 | ||||||
Omega Healthcare Investors, Inc. (Equity Real Estate Investment Trusts (REITs)) | 279 | 8,649 | ||||||
Omnicell, Inc.* (Health Care Technology) | 52 | 5,726 | ||||||
ONE Gas, Inc. (Gas Utilities) | 64 | 5,436 | ||||||
Option Care Health, Inc.* (Health Care Providers & Services) | 164 | 5,510 |
See accompanying notes to the financial statements.
132 :: Mid-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Ormat Technologies, Inc. (Independent Power and Renewable Electricity Producers) | 53 | $ | 4,587 | |||||
Oshkosh Corp. (Machinery) | 78 | 6,716 | ||||||
Owens Corning (Building Products) | 115 | 10,665 | ||||||
PacWest Bancorp (Banks) | 139 | 3,896 | ||||||
Papa John's International, Inc. (Hotels, Restaurants & Leisure) | 38 | 3,644 | ||||||
Park Hotels & Resorts, Inc. (Equity Real Estate Investment Trusts (REITs)) | 277 | 4,318 | ||||||
Patterson Cos., Inc. (Health Care Providers & Services) | 103 | 3,199 | ||||||
Paylocity Holding Corp.* (Software) | 47 | 9,679 | ||||||
PDC Energy, Inc. (Oil, Gas & Consumable Fuels) | 113 | 7,423 | ||||||
Pebblebrook Hotel Trust (Equity Real Estate Investment Trusts (REITs)) | 156 | 3,051 | ||||||
Penumbra, Inc.* (Health Care Equipment & Supplies) | 42 | 5,854 | ||||||
Performance Food Group Co.* (Food & Staples Retailing) | 184 | 9,147 | ||||||
Perrigo Co. PLC (Pharmaceuticals) | 160 | 6,699 | ||||||
Physicians Realty Trust (Equity Real Estate Investment Trusts (REITs)) | 268 | 4,762 | ||||||
Pilgrim's Pride Corp.* (Food Products) | 57 | 1,788 | ||||||
Pinnacle Financial Partners, Inc. (Banks) | 91 | 7,198 | ||||||
PNM Resources, Inc. (Electric Utilities) | 102 | 4,924 | ||||||
Polaris, Inc. (Leisure Products) | 66 | 7,740 | ||||||
Portland General Electric Co. (Electric Utilities) | 106 | 5,442 | ||||||
Post Holdings, Inc.* (Food Products) | 66 | 5,738 | ||||||
PotlatchDeltic Corp. (Equity Real Estate Investment Trusts (REITs)) | 82 | 4,020 | ||||||
Power Integrations, Inc. (Semiconductors & Semiconductor Equipment) | 69 | 5,866 | ||||||
Primerica, Inc. (Insurance) | 46 | 5,920 | ||||||
Progyny, Inc.* (Health Care Providers & Services) | 84 | 2,565 | ||||||
Prosperity Bancshares, Inc. (Banks) | 109 | 8,076 | ||||||
Qualys, Inc.* (Software) | 40 | 4,893 | ||||||
QuidelOrtho Corp.* (Health Care Equipment & Supplies) | 59 | 6,020 | ||||||
R1 RCM, Inc.* (Health Care Providers & Services) | 159 | 3,975 | ||||||
Range Resources Corp.* (Oil, Gas & Consumable Fuels) | 307 | 10,152 | ||||||
Rayonier, Inc. (Equity Real Estate Investment Trusts (REITs)) | 174 | 6,569 | ||||||
Regal Rexnord Corp. (Electrical Equipment) | 79 | 10,610 | ||||||
Reinsurance Group of America, Inc. (Insurance) | 79 | 9,147 | ||||||
Reliance Steel & Aluminum Co. (Metals & Mining) | 74 | 14,079 | ||||||
RenaissanceRe Holdings, Ltd. (Insurance) | 52 | 6,724 | ||||||
Repligen Corp.* (Life Sciences Tools & Services) | 61 | 13,016 | ||||||
Rexford Industrial Realty, Inc. (Equity Real Estate Investment Trusts (REITs)) | 196 | 12,821 | ||||||
RH* (Specialty Retail) | 21 | 5,868 | ||||||
RLI Corp. (Insurance) | 47 | 5,169 | ||||||
Royal Gold, Inc. (Metals & Mining) | 78 | 8,172 | ||||||
RPM International, Inc. (Chemicals) | 154 | 13,921 | ||||||
Ryder System, Inc. (Road & Rail) | 61 | 4,778 | ||||||
Sabra Health Care REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 274 | 4,217 | ||||||
Sabre Corp.* (IT Services) | 387 | 2,380 | ||||||
Saia, Inc.* (Road & Rail) | 31 | 7,373 | ||||||
Sailpoint Technologies Holding, Inc.* (Software) | 112 | 7,142 | ||||||
Science Applications International Corp. (Professional Services) | 66 | 6,393 | ||||||
SEI Investments Co. (Capital Markets) | 124 | 6,865 | ||||||
Selective Insurance Group, Inc. (Insurance) | 72 | 5,606 | ||||||
Semtech Corp.* (Semiconductors & Semiconductor Equipment) | 75 | 4,675 | ||||||
Sensient Technologies Corp. (Chemicals) | 50 | 4,299 | ||||||
Service Corp. International (Diversified Consumer Services) | 188 | 13,999 | ||||||
Shockwave Medical, Inc.* (Health Care Equipment & Supplies) | 42 | 8,860 | ||||||
Silgan Holdings, Inc. (Containers & Packaging) | 100 | 4,450 | ||||||
Silicon Laboratories, Inc.* (Semiconductors & Semiconductor Equipment) | 43 | 6,342 | ||||||
Simpson Manufacturing Co., Inc. (Building Products) | 51 | 5,267 | ||||||
SiTime Corp.* (Semiconductors & Semiconductor Equipment) | 18 | 3,348 | ||||||
Skechers U.S.A., Inc.*—Class A (Textiles, Apparel & Luxury Goods) | 160 | 6,074 | ||||||
SL Green Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 76 | 3,773 | ||||||
SLM Corp. (Consumer Finance) | 319 | 4,976 | ||||||
Sonoco Products Co. (Containers & Packaging) | 116 | 7,365 | ||||||
Sotera Health Co.* (Life Sciences Tools & Services) | 117 | 2,246 | ||||||
Southwest Gas Holdings, Inc. (Gas Utilities) | 79 | 6,870 | ||||||
Southwestern Energy Co.* (Oil, Gas & Consumable Fuels) | 1,329 | 9,383 | ||||||
Spire, Inc. (Gas Utilities) | 62 | 4,665 | ||||||
Spirit Realty Capital, Inc. (Equity Real Estate Investment Trusts (REITs)) | 159 | 7,050 | ||||||
Sprouts Farmers Market, Inc.* (Food & Staples Retailing) | 130 | 3,593 | ||||||
STAAR Surgical Co.* (Health Care Equipment & Supplies) | 57 | 4,600 | ||||||
Steel Dynamics, Inc. (Metals & Mining) | 213 | 16,588 | ||||||
Stericycle, Inc.* (Commercial Services & Supplies) | 109 | 5,109 | ||||||
Stifel Financial Corp. (Capital Markets) | 127 | 7,596 | ||||||
STORE Capital Corp. (Equity Real Estate Investment Trusts (REITs)) | 300 | 8,706 | ||||||
SunPower Corp.* (Semiconductors & Semiconductor Equipment) | 99 | 2,017 | ||||||
Sunrun, Inc.* (Electrical Equipment) | 250 | 8,173 | ||||||
Synaptics, Inc.* (Semiconductors & Semiconductor Equipment) | 47 | 6,813 | ||||||
Syneos Health, Inc.* (Life Sciences Tools & Services) | 122 | 9,655 | ||||||
Synovus Financial Corp. (Banks) | 173 | 6,986 | ||||||
Tandem Diabetes Care, Inc.* (Health Care Equipment & Supplies) | 76 | 5,032 | ||||||
Targa Resources Corp. (Oil, Gas & Consumable Fuels) | 271 | 18,729 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Mid-Cap ProFund :: 133
Common Stocks, continued
Shares | Value | |||||||
Taylor Morrison Home Corp.* (Household Durables) | 142 | $ | 4,075 | |||||
TD SYNNEX Corp. (Electronic Equipment, Instruments & Components) | 49 | 4,921 | ||||||
TEGNA, Inc. (Media) | 262 | 5,486 | ||||||
Tempur Sealy International, Inc. (Household Durables) | 208 | 5,716 | ||||||
Tenet Healthcare Corp.* (Health Care Providers & Services) | 128 | 8,463 | ||||||
Teradata Corp.* (IT Services) | 124 | 4,748 | ||||||
Terex Corp. (Machinery) | 82 | 2,748 | ||||||
Tetra Tech, Inc. (Commercial Services & Supplies) | 64 | 9,808 | ||||||
Texas Capital Bancshares, Inc.* (Banks) | 60 | 3,517 | ||||||
Texas Roadhouse, Inc. (Hotels, Restaurants & Leisure) | 81 | 7,065 | ||||||
The Boston Beer Co., Inc.*—Class A (Beverages) | 11 | �� | 4,185 | |||||
The Brink's Co. (Commercial Services & Supplies) | 56 | 3,189 | ||||||
The Chemours Co. (Chemicals) | 185 | 6,584 | ||||||
The Gap, Inc. (Specialty Retail) | 250 | 2,405 | ||||||
The Goodyear Tire & Rubber Co.* (Auto Components) | 336 | 4,126 | ||||||
The Hain Celestial Group, Inc.* (Food Products) | 106 | 2,412 | ||||||
The Hanover Insurance Group, Inc. (Insurance) | 42 | 5,732 | ||||||
The Macerich Co. (Equity Real Estate Investment Trusts (REITs)) | 255 | 2,706 | ||||||
The Middleby Corp.* (Machinery) | 65 | 9,405 | ||||||
The New York Times Co.—Class A (Media) | 198 | 6,326 | ||||||
The Scotts Miracle-Gro Co.—Class A (Chemicals) | 48 | 4,270 | ||||||
The Timken Co. (Machinery) | 80 | 5,230 | ||||||
The Toro Co. (Machinery) | 124 | 10,663 | ||||||
The Wendy's Co. (Hotels, Restaurants & Leisure) | 204 | 4,290 | ||||||
The Western Union Co. (IT Services) | 458 | 7,795 | ||||||
Thor Industries, Inc. (Automobiles) | 65 | 5,481 | ||||||
Toll Brothers, Inc. (Household Durables) | 131 | 6,443 | ||||||
TopBuild Corp.* (Household Durables) | 39 | 8,257 | ||||||
Travel + Leisure Co. (Hotels, Restaurants & Leisure) | 101 | 4,354 | ||||||
Trex Co., Inc.* (Building Products) | 134 | 8,646 | ||||||
TripAdvisor, Inc.* (Interactive Media & Services) | 119 | 2,262 | ||||||
UGI Corp. (Gas Utilities) | 249 | 10,746 | ||||||
UMB Financial Corp. (Banks) | 51 | 4,616 | ||||||
Umpqua Holdings Corp. (Banks) | 258 | 4,543 | ||||||
Under Armour, Inc.*—Class A (Textiles, Apparel & Luxury Goods) | 224 | 2,074 | ||||||
Under Armour, Inc.*—Class C (Textiles, Apparel & Luxury Goods) | 240 | 1,982 | ||||||
United Bankshares, Inc. (Banks) | 161 | 6,237 | ||||||
United States Steel Corp. (Metals & Mining) | 309 | 7,308 | ||||||
United Therapeutics Corp.* (Biotechnology) | 54 | 12,477 | ||||||
Univar Solutions, Inc.* (Trading Companies & Distributors) | 201 | 5,435 | ||||||
Universal Display Corp. (Semiconductors & Semiconductor Equipment) | 52 | 6,004 | ||||||
Unum Group (Insurance) | 238 | 7,661 | ||||||
Valley National Bancorp (Banks) | 498 | 5,822 | ||||||
Valmont Industries, Inc. (Construction & Engineering) | 25 | 6,787 | ||||||
Valvoline, Inc. (Chemicals) | 212 | 6,831 | ||||||
ViaSat, Inc.* (Communications Equipment) | 88 | 2,898 | ||||||
Vicor Corp.* (Electrical Equipment) | 26 | 1,897 | ||||||
Victoria's Secret & Co.* (Specialty Retail) | 81 | 2,994 | ||||||
Vishay Intertechnology, Inc. (Electronic Equipment, Instruments & Components) | 157 | 3,244 | ||||||
Visteon Corp.* (Auto Components) | 33 | 4,210 | ||||||
Vontier Corp. (Electronic Equipment, Instruments & Components) | 191 | 4,928 | ||||||
Voya Financial, Inc. (Diversified Financial Services) | 121 | 7,279 | ||||||
Washington Federal, Inc. (Thrifts & Mortgage Finance) | 78 | 2,662 | ||||||
Watsco, Inc. (Trading Companies & Distributors) | 39 | 10,684 | ||||||
Watts Water Technologies, Inc.—Class A (Machinery) | 33 | 4,558 | ||||||
Webster Financial Corp. (Banks) | 211 | 9,801 | ||||||
Werner Enterprises, Inc. (Road & Rail) | 70 | 3,077 | ||||||
WEX, Inc.* (IT Services) | 53 | 8,809 | ||||||
Williams-Sonoma, Inc. (Specialty Retail) | 83 | 11,986 | ||||||
Wingstop, Inc. (Hotels, Restaurants & Leisure) | 35 | 4,416 | ||||||
Wintrust Financial Corp. (Banks) | 71 | 6,109 | ||||||
Wolfspeed, Inc.* (Semiconductors & Semiconductor Equipment) | 147 | 12,244 | ||||||
Woodward, Inc. (Machinery) | 72 | 7,538 | ||||||
World Wrestling Entertainment, Inc.—Class A (Entertainment) | 51 | 3,535 | ||||||
Worthington Industries, Inc. (Metals & Mining) | 38 | 1,946 | ||||||
Wyndham Hotels & Resorts, Inc. (Hotels, Restaurants & Leisure) | 109 | 7,566 | ||||||
Xerox Holdings Corp. (Technology Hardware, Storage & Peripherals) | 141 | 2,415 | ||||||
XPO Logistics, Inc.* (Air Freight & Logistics) | 117 | 6,990 | ||||||
YETI Holdings, Inc.* (Leisure Products) | 102 | 5,179 | ||||||
Ziff Davis, Inc.* (Interactive Media & Services) | 56 | 4,586 | ||||||
TOTAL COMMON STOCKS (Cost $1,385,879) | 2,546,747 |
Repurchase Agreements(b)(c) (30.6%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $1,193,217 | $ | 1,193,000 | $ | 1,193,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $1,193,000) | 1,193,000 |
See accompanying notes to the financial statements.
134 :: Mid-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Collateral for Securities Loaned(d) (0.3%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(e) | 12,529 | $ | 12,529 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $12,529) | 12,529 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $2,591,408)—96.2% | 3,752,276 | |||||||
Net other assets (liabilities)—3.8% | 148,013 | |||||||
NET ASSETS—100.0% | $ | 3,900,289 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $12,732. |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $251,000. |
(d) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(e) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
S&P MidCap 400 | Goldman Sachs International | 8/29/22 | 2.83 | % | $ | 1,315,263 | $ | 33,631 | ||||||||
S&P MidCap 400 | UBS AG | 8/29/22 | 2.68 | % | 37,691 | 1,205 | ||||||||||
$ | 1,352,954 | $ | 34,836 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Mid-Cap ProFund :: 135
Mid-Cap ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Aerospace & Defense | $ | 26,028 | 0.7 | % | ||||
Air Freight & Logistics | 12,798 | 0.3 | % | |||||
Airlines | 3,200 | 0.1 | % | |||||
Auto Components | 38,278 | 1.0 | % | |||||
Automobiles | 12,098 | 0.3 | % | |||||
Banks | 173,459 | 4.4 | % | |||||
Beverages | 6,750 | 0.2 | % | |||||
Biotechnology | 44,442 | 1.1 | % | |||||
Building Products | 47,860 | 1.2 | % | |||||
Capital Markets | 40,023 | 1.0 | % | |||||
Chemicals | 68,415 | 1.8 | % | |||||
Commercial Services & Supplies | 38,092 | 1.0 | % | |||||
Communications Equipment | 23,420 | 0.6 | % | |||||
Construction & Engineering | 39,254 | 1.0 | % | |||||
Construction Materials | 5,943 | 0.2 | % | |||||
Consumer Finance | 11,318 | 0.3 | % | |||||
Containers & Packaging | 22,480 | 0.6 | % | |||||
Diversified Consumer Services | 28,174 | 0.7 | % | |||||
Diversified Financial Services | 14,705 | 0.4 | % | |||||
Diversified Telecommunication Services | 6,796 | 0.2 | % | |||||
Electric Utilities | 36,524 | 0.9 | % | |||||
Electrical Equipment | 52,360 | 1.3 | % | |||||
Electronic Equipment, Instruments & Components | 85,414 | 2.2 | % | |||||
Energy Equipment & Services | 13,725 | 0.4 | % | |||||
Entertainment | 3,535 | 0.1 | % | |||||
Equity Real Estate Investment Trusts (REITs) | 224,090 | 5.7 | % | |||||
Food & Staples Retailing | 36,931 | 0.9 | % | |||||
Food Products | 40,309 | 1.0 | % | |||||
Gas Utilities | 40,868 | 1.1 | % | |||||
Health Care Equipment & Supplies | 82,392 | 2.1 | % | |||||
Health Care Providers & Services | 63,800 | 1.6 | % | |||||
Health Care Technology | 5,726 | 0.1 | % | |||||
Hotels, Restaurants & Leisure | 65,102 | 1.7 | % | |||||
Household Durables | 37,862 | 1.0 | % | |||||
Household Products | 2,303 | 0.1 | % | |||||
Independent Power and Renewable Electricity Producers | 4,587 | 0.1 | % | |||||
Industrial Conglomerates | 18,062 | 0.5 | % | |||||
Insurance | 102,641 | 2.6 | % | |||||
Interactive Media & Services | 6,848 | 0.2 | % | |||||
IT Services | 55,620 | 1.4 | % | |||||
Leisure Products | 32,995 | 0.8 | % | |||||
Life Sciences Tools & Services | 38,499 | 1.0 | % | |||||
Machinery | 117,624 | 3.0 | % | |||||
Marine | 4,504 | 0.1 | % | |||||
Media | 22,736 | 0.6 | % | |||||
Metals & Mining | 77,939 | 2.0 | % | |||||
Multiline Retail | 17,595 | 0.5 | % | |||||
Multi-Utilities | 16,379 | 0.4 | % | |||||
Oil, Gas & Consumable Fuels | 101,314 | 2.6 | % | |||||
Paper & Forest Products | 6,172 | 0.2 | % | |||||
Personal Products | 8,719 | 0.2 | % | |||||
Pharmaceuticals | 18,248 | 0.5 | % | |||||
Professional Services | 46,278 | 1.2 | % | |||||
Real Estate Management & Development | 11,059 | 0.3 | % | |||||
Road & Rail | 40,241 | 1.0 | % | |||||
Semiconductors & Semiconductor Equipment | 91,122 | 2.3 | % | |||||
Software | 67,332 | 1.7 | % | |||||
Specialty Retail | 74,441 | 1.9 | % | |||||
Technology Hardware, Storage & Peripherals | 7,672 | 0.2 | % | |||||
Textiles, Apparel & Luxury Goods | 45,402 | 1.2 | % | |||||
Thrifts & Mortgage Finance | 19,105 | 0.5 | % | |||||
Trading Companies & Distributors | 24,959 | 0.6 | % | |||||
Water Utilities | 14,180 | 0.4 | % | |||||
Other** | 1,353,542 | 34.7 | % | |||||
Total | $ | 3,900,289 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
136 :: Mid-Cap Value ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (99.6%)
Shares | Value | |||||||
Acadia Healthcare Co., Inc.* (Health Care Providers & Services) | 1,806 | $ | 149,734 | |||||
ACI Worldwide, Inc.* (Software) | 1,214 | 34,635 | ||||||
Adient PLC* (Auto Components) | 1,892 | 63,912 | ||||||
AECOM (Construction & Engineering) | 2,820 | 203,041 | ||||||
AGCO Corp. (Machinery) | 1,219 | 132,774 | ||||||
Alcoa Corp. (Metals & Mining) | 2,209 | 112,416 | ||||||
Alleghany Corp.* (Insurance) | 269 | 225,283 | ||||||
ALLETE, Inc. (Electric Utilities) | 1,137 | 70,574 | ||||||
Amedisys, Inc.* (Health Care Providers & Services) | 650 | 77,903 | ||||||
American Campus Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,252 | 81,781 | ||||||
American Eagle Outfitters, Inc. (Specialty Retail) | 1,784 | 21,479 | ||||||
American Financial Group, Inc. (Insurance) | 701 | 93,710 | ||||||
Amkor Technology, Inc. (Semiconductors & Semiconductor Equipment) | 1,182 | 23,841 | ||||||
Apartment Income REIT Corp. (Equity Real Estate Investment Trusts (REITs)) | 1,662 | 75,355 | ||||||
AptarGroup, Inc. (Containers & Packaging) | 706 | 76,079 | ||||||
Arrow Electronics, Inc.* (Electronic Equipment, Instruments & Components) | 1,318 | 168,927 | ||||||
Ashland, Inc. (Chemicals) | 577 | 57,971 | ||||||
Associated Banc-Corp. (Banks) | 2,994 | 60,179 | ||||||
AutoNation, Inc.* (Specialty Retail) | 376 | 44,646 | ||||||
Avnet, Inc. (Electronic Equipment, Instruments & Components) | 1,949 | 93,299 | ||||||
Bank of Hawaii Corp. (Banks) | 466 | 37,331 | ||||||
Bank OZK (Banks) | 1,194 | 47,879 | ||||||
Belden, Inc. (Electronic Equipment, Instruments & Components) | 883 | 57,148 | ||||||
BellRing Brands, Inc.* (Personal Products) | 2,176 | 52,529 | ||||||
BJ's Wholesale Club Holdings, Inc.* (Food & Staples Retailing) | 2,691 | 182,180 | ||||||
Black Hills Corp. (Multi-Utilities) | 1,294 | 99,897 | ||||||
Blackbaud, Inc.* (Software) | 318 | 19,500 | ||||||
Bread Financial Holdings, Inc. (IT Services) | 993 | 39,333 | ||||||
Brighthouse Financial, Inc.* (Insurance) | 1,494 | 64,869 | ||||||
Brixmor Property Group, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,690 | 62,354 | ||||||
Cable One, Inc. (Media) | 41 | 56,444 | ||||||
Cabot Corp. (Chemicals) | 1,126 | 83,617 | ||||||
CACI International, Inc.*—Class A (Professional Services) | 467 | 141,170 | ||||||
Cadence Bank (Banks) | 3,661 | 95,552 | ||||||
Callaway Golf Co.* (Leisure Products) | 2,322 | 53,290 | ||||||
Capri Holdings, Ltd.* (Textiles, Apparel & Luxury Goods) | 1,149 | 55,933 | ||||||
Carter's, Inc. (Textiles, Apparel & Luxury Goods) | 803 | 65,428 | ||||||
Casey's General Stores, Inc. (Food & Staples Retailing) | 741 | 150,164 | ||||||
Cathay General Bancorp (Banks) | 915 | 38,156 | ||||||
ChampionX Corp. (Energy Equipment & Services) | 2,151 | 44,934 | ||||||
Chemed Corp. (Health Care Providers & Services) | 128 | 61,580 | ||||||
Choice Hotels International, Inc. (Hotels, Restaurants & Leisure) | 210 | 25,383 | ||||||
Ciena Corp.* (Communications Equipment) | 1,123 | 57,947 | ||||||
Cirrus Logic, Inc.* (Semiconductors & Semiconductor Equipment) | 594 | 50,763 | ||||||
Clean Harbors, Inc.* (Commercial Services & Supplies) | 409 | 39,914 | ||||||
CNO Financial Group, Inc. (Insurance) | 2,313 | 43,369 | ||||||
CNX Resources Corp.* (Oil, Gas & Consumable Fuels) | 2,063 | 35,628 | ||||||
Cognex Corp. (Electronic Equipment, Instruments & Components) | 1,283 | 65,407 | ||||||
Columbia Sportswear Co. (Textiles, Apparel & Luxury Goods) | 312 | 23,091 | ||||||
Commerce Bancshares, Inc. (Banks) | 1,096 | 76,161 | ||||||
Commercial Metals Co. (Metals & Mining) | 2,424 | 96,039 | ||||||
CommVault Systems, Inc.* (Software) | 311 | 17,444 | ||||||
Corporate Office Properties Trust (Equity Real Estate Investment Trusts (REITs)) | 2,243 | 63,140 | ||||||
Coty, Inc.*—Class A (Personal Products) | 6,870 | 50,288 | ||||||
Cousins Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,969 | 91,594 | ||||||
Cracker Barrel Old Country Store, Inc. (Hotels, Restaurants & Leisure) | 463 | 44,017 | ||||||
Crane Holdings Co. (Machinery) | 485 | 47,981 | ||||||
Cullen/Frost Bankers, Inc. (Banks) | 501 | 65,330 | ||||||
Curtiss-Wright Corp. (Aerospace & Defense) | 767 | 110,018 | ||||||
Dana, Inc. (Auto Components) | 2,860 | 47,934 | ||||||
Donaldson Co., Inc. (Machinery) | 1,208 | 65,727 | ||||||
Douglas Emmett, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,894 | 44,774 | ||||||
DT Midstream, Inc. (Oil, Gas & Consumable Fuels) | 1,119 | 61,579 | ||||||
Dycom Industries, Inc.* (Construction & Engineering) | 361 | 37,241 | ||||||
EMCOR Group, Inc. (Construction & Engineering) | 1,020 | 118,697 | ||||||
Encompass Health Corp. (Health Care Providers & Services) | 1,991 | 100,784 | ||||||
Energizer Holdings, Inc. (Household Products) | 1,308 | 38,625 | ||||||
EnerSys (Electrical Equipment) | 823 | 54,244 | ||||||
Enhabit, Inc.* (Health Care Providers & Services) | 1 | 9 | ||||||
Enovis Corp.* (Health Care Equipment & Supplies) | 553 | 33,025 | ||||||
Envestnet, Inc.* (Software) | 517 | 30,126 | ||||||
Envista Holdings Corp.* (Health Care Equipment & Supplies) | 3,245 | 131,908 | ||||||
EPR Properties (Equity Real Estate Investment Trusts (REITs)) | 1,496 | 80,500 | ||||||
EQT Corp. (Oil, Gas & Consumable Fuels) | 5,898 | 259,688 | ||||||
Equitrans Midstream Corp. (Oil, Gas & Consumable Fuels) | 8,128 | 63,805 | ||||||
Esab Corp. (Machinery) | 537 | 22,135 | ||||||
Essent Group, Ltd. (Thrifts & Mortgage Finance) | 2,147 | 89,659 | ||||||
Essential Utilities, Inc. (Water Utilities) | 1,700 | 88,298 | ||||||
Euronet Worldwide, Inc.* (IT Services) | 666 | 65,448 | ||||||
Exelixis, Inc.* (Biotechnology) | 3,008 | 62,927 | ||||||
F.N.B. Corp. (Banks) | 6,732 | 80,515 | ||||||
Fair Isaac Corp.* (Software) | 217 | 100,260 | ||||||
Federated Hermes, Inc.—Class B (Capital Markets) | 969 | 33,053 | ||||||
First American Financial Corp. (Insurance) | 1,157 | 67,106 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Mid-Cap Value ProFund :: 137
Common Stocks, continued
Shares | Value | |||||||
First Horizon Corp. (Banks) | 10,671 | $ | 238,605 | |||||
First Industrial Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 817 | 42,443 | ||||||
First Solar, Inc.* (Semiconductors & Semiconductor Equipment) | 811 | 80,427 | ||||||
FirstCash Holdings, Inc. (Consumer Finance) | 786 | 57,582 | ||||||
Flowers Foods, Inc. (Food Products) | 3,976 | 112,958 | ||||||
Flowserve Corp. (Machinery) | 2,607 | 88,221 | ||||||
Fluor Corp.* (Construction & Engineering) | 2,834 | 72,012 | ||||||
Foot Locker, Inc. (Specialty Retail) | 1,668 | 47,321 | ||||||
Fulton Financial Corp. (Banks) | 3,332 | 55,611 | ||||||
GATX Corp. (Trading Companies & Distributors) | 711 | 71,278 | ||||||
Genpact, Ltd. (IT Services) | 1,155 | 55,532 | ||||||
Gentex Corp. (Auto Components) | 2,198 | 62,028 | ||||||
Globus Medical, Inc.* (Health Care Equipment & Supplies) | 633 | 37,151 | ||||||
Graco, Inc. (Machinery) | 1,350 | 90,666 | ||||||
Graham Holdings Co.—Class B (Diversified Consumer Services) | 78 | 46,370 | ||||||
Grand Canyon Education, Inc.* (Diversified Consumer Services) | 645 | 61,965 | ||||||
Greif, Inc.—Class A (Containers & Packaging) | 531 | 37,499 | ||||||
Grocery Outlet Holding Corp.* (Food & Staples Retailing) | 1,749 | 74,717 | ||||||
H&R Block, Inc. (Diversified Consumer Services) | 1,719 | 68,692 | ||||||
Haemonetics Corp.* (Health Care Equipment & Supplies) | 1,020 | 70,880 | ||||||
Hancock Whitney Corp. (Banks) | 948 | 46,272 | ||||||
Hanesbrands, Inc. (Textiles, Apparel & Luxury Goods) | 6,960 | 77,813 | ||||||
Harley-Davidson, Inc. (Automobiles) | 2,942 | 111,237 | ||||||
Hawaiian Electric Industries, Inc. (Electric Utilities) | 2,183 | 92,341 | ||||||
Healthcare Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 3,875 | 101,719 | ||||||
HealthEquity, Inc.* (Health Care Providers & Services) | 556 | 32,343 | ||||||
Hexcel Corp. (Aerospace & Defense) | 1,677 | 101,475 | ||||||
HF Sinclair Corp. (Oil, Gas & Consumable Fuels) | 2,984 | 142,695 | ||||||
Highwoods Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,098 | 74,626 | ||||||
Home BancShares, Inc. (Banks) | 2,379 | 56,144 | ||||||
Hubbell, Inc. (Electrical Equipment) | 492 | 107,758 | ||||||
Hudson Pacific Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,886 | 43,405 | ||||||
IAA, Inc.* (Commercial Services & Supplies) | 1,231 | 46,446 | ||||||
ICU Medical, Inc.* (Health Care Equipment & Supplies) | 212 | 37,560 | ||||||
IDACORP, Inc. (Electric Utilities) | 1,009 | 112,726 | ||||||
II-VI, Inc.* (Electronic Equipment, Instruments & Components) | 2,575 | 135,548 | ||||||
Ingevity Corp.* (Chemicals) | 356 | 23,888 | ||||||
Ingredion, Inc. (Food Products) | 1,321 | 120,185 | ||||||
Integra LifeSciences Holdings Corp.* (Health Care Equipment & Supplies) | 699 | 38,473 | ||||||
Interactive Brokers Group, Inc. (Capital Markets) | 663 | 38,911 | ||||||
International Bancshares Corp. (Banks) | 1,058 | 46,404 | ||||||
IPG Photonics Corp.* (Electronic Equipment, Instruments & Components) | 693 | 73,860 | ||||||
Iridium Communications, Inc.* (Diversified Telecommunication Services) | 1,200 | 53,652 | ||||||
ITT, Inc. (Machinery) | 733 | 54,997 | ||||||
Jabil, Inc. (Electronic Equipment, Instruments & Components) | 1,578 | 93,639 | ||||||
Janus Henderson Group PLC (Capital Markets) | 1,808 | 46,592 | ||||||
Jazz Pharmaceuticals PLC* (Pharmaceuticals) | 1,243 | 193,983 | ||||||
JBG Smith Properties (Equity Real Estate Investment Trusts (REITs)) | 2,169 | 55,179 | ||||||
JetBlue Airways Corp.* (Airlines) | 6,401 | 53,896 | ||||||
John Wiley & Sons, Inc.—Class A (Media) | 433 | 22,611 | ||||||
Jones Lang LaSalle, Inc.* (Real Estate Management & Development) | 497 | 94,763 | ||||||
KB Home (Household Durables) | 1,731 | 56,500 | ||||||
KBR, Inc. (Professional Services) | 974 | 51,846 | ||||||
Kemper Corp. (Insurance) | 1,197 | 56,020 | ||||||
Kennametal, Inc. (Machinery) | 1,649 | 44,276 | ||||||
Kilroy Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 2,096 | 113,561 | ||||||
Kirby Corp.* (Marine) | 1,203 | 76,318 | ||||||
Kite Realty Group Trust (Equity Real Estate Investment Trusts (REITs)) | 4,371 | 86,939 | ||||||
Knight-Swift Transportation Holdings, Inc. (Road & Rail) | 3,263 | 179,302 | ||||||
Kohl's Corp. (Multiline Retail) | 2,567 | 74,802 | ||||||
Kyndryl Holdings, Inc.* (IT Services) | 3,585 | 37,535 | ||||||
Lamar Advertising Co.—Class A (Equity Real Estate Investment Trusts (REITs)) | 590 | 59,625 | ||||||
Lancaster Colony Corp. (Food Products) | 205 | 27,138 | ||||||
Landstar System, Inc. (Road & Rail) | 260 | 40,711 | ||||||
Lear Corp. (Auto Components) | 1,193 | 180,309 | ||||||
Leggett & Platt, Inc. (Household Durables) | 2,666 | 105,680 | ||||||
Lennox International, Inc. (Building Products) | 277 | 66,350 | ||||||
LHC Group, Inc.* (Health Care Providers & Services) | 620 | 101,097 | ||||||
Lincoln Electric Holdings, Inc. (Machinery) | 487 | 68,881 | ||||||
Lithia Motors, Inc. (Specialty Retail) | 577 | 153,068 | ||||||
Littelfuse, Inc. (Electronic Equipment, Instruments & Components) | 188 | 52,428 | ||||||
LivaNova PLC* (Health Care Equipment & Supplies) | 425 | 27,060 | ||||||
Lumentum Holdings, Inc.* (Communications Equipment) | 757 | 68,478 | ||||||
Macy's, Inc. (Multiline Retail) | 5,686 | 100,358 | ||||||
ManpowerGroup, Inc. (Professional Services) | 1,052 | 82,487 | ||||||
Marriott Vacations Worldwide Corp. (Hotels, Restaurants & Leisure) | 455 | 62,299 | ||||||
MasTec, Inc.* (Construction & Engineering) | 559 | 44,122 | ||||||
MDU Resources Group, Inc. (Multi-Utilities) | 4,057 | 115,908 | ||||||
Medical Properties Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 11,973 | 206,416 | ||||||
Mercury General Corp. (Insurance) | 531 | 22,265 | ||||||
Mercury Systems, Inc.* (Aerospace & Defense) | 1,150 | 67,862 | ||||||
MGIC Investment Corp. (Thrifts & Mortgage Finance) | 6,177 | 87,343 | ||||||
MillerKnoll, Inc. (Commercial Services & Supplies) | 1,512 | 45,526 | ||||||
Minerals Technologies, Inc. (Chemicals) | 658 | 43,961 |
See accompanying notes to the financial statements.
138 :: Mid-Cap Value ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
MKS Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 499 | $ | 58,982 | |||||
MSA Safety, Inc. (Commercial Services & Supplies) | 358 | 45,946 | ||||||
MSC Industrial Direct Co., Inc. (Trading Companies & Distributors) | 941 | 77,783 | ||||||
Murphy USA, Inc. (Specialty Retail) | 445 | 126,540 | ||||||
National Fuel Gas Co. (Gas Utilities) | 876 | 63,370 | ||||||
National Instruments Corp. (Electronic Equipment, Instruments & Components) | 1,230 | 46,740 | ||||||
National Retail Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,930 | 91,887 | ||||||
NCR Corp.* (Technology Hardware, Storage & Peripherals) | 2,726 | 88,459 | ||||||
Neogen Corp.*(a) (Health Care Equipment & Supplies) | 904 | 20,910 | ||||||
New Jersey Resources Corp. (Gas Utilities) | 1,918 | 88,592 | ||||||
New York Community Bancorp, Inc. (Thrifts & Mortgage Finance) | 9,318 | 98,957 | ||||||
NewMarket Corp. (Chemicals) | 135 | 41,958 | ||||||
Nordstrom, Inc. (Multiline Retail) | 2,227 | 52,357 | ||||||
NorthWestern Corp. (Multi-Utilities) | 1,079 | 59,831 | ||||||
NOV, Inc. (Energy Equipment & Services) | 7,848 | 146,052 | ||||||
Novanta, Inc.* (Electronic Equipment, Instruments & Components) | 250 | 38,550 | ||||||
Nu Skin Enterprises, Inc.—Class A (Personal Products) | 1,002 | 43,597 | ||||||
NuVasive, Inc.* (Health Care Equipment & Supplies) | 1,038 | 54,516 | ||||||
nVent Electric PLC (Electrical Equipment) | 1,361 | 48,057 | ||||||
OGE Energy Corp. (Electric Utilities) | 2,517 | 103,398 | ||||||
Old National Bancorp (Banks) | 5,846 | 101,779 | ||||||
Old Republic International Corp. (Insurance) | 5,720 | 133,104 | ||||||
Ollie's Bargain Outlet Holdings, Inc.* (Multiline Retail) | 1,164 | 68,618 | ||||||
Omega Healthcare Investors, Inc. (Equity Real Estate Investment Trusts (REITs)) | 4,694 | 145,514 | ||||||
ONE Gas, Inc. (Gas Utilities) | 1,079 | 91,650 | ||||||
Ormat Technologies, Inc. (Independent Power and Renewable Electricity Producers) | 582 | 50,366 | ||||||
Oshkosh Corp. (Machinery) | 1,313 | 113,050 | ||||||
Owens Corning (Building Products) | 1,936 | 179,544 | ||||||
Park Hotels & Resorts, Inc. (Equity Real Estate Investment Trusts (REITs)) | 4,657 | 72,603 | ||||||
Patterson Cos., Inc. (Health Care Providers & Services) | 1,733 | 53,827 | ||||||
Pebblebrook Hotel Trust (Equity Real Estate Investment Trusts (REITs)) | 2,621 | 51,267 | ||||||
Performance Food Group Co.* (Food & Staples Retailing) | 3,093 | 153,753 | ||||||
Perrigo Co. PLC (Pharmaceuticals) | 2,684 | 112,379 | ||||||
Physicians Realty Trust (Equity Real Estate Investment Trusts (REITs)) | 4,495 | 79,876 | ||||||
Pilgrim's Pride Corp.* (Food Products) | 959 | 30,084 | ||||||
PNM Resources, Inc. (Electric Utilities) | 1,711 | 82,590 | ||||||
Polaris, Inc. (Leisure Products) | 636 | 74,590 | ||||||
Portland General Electric Co. (Electric Utilities) | 1,780 | 91,385 | ||||||
Post Holdings, Inc.* (Food Products) | 1,115 | 96,938 | ||||||
PotlatchDeltic Corp. (Equity Real Estate Investment Trusts (REITs)) | 775 | 37,998 | ||||||
Primerica, Inc. (Insurance) | 292 | 37,577 | ||||||
Progyny, Inc.* (Health Care Providers & Services) | 537 | 16,395 | ||||||
Prosperity Bancshares, Inc. (Banks) | 1,839 | 136,252 | ||||||
R1 RCM, Inc.* (Health Care Providers & Services) | 1,125 | 28,125 | ||||||
Range Resources Corp.* (Oil, Gas & Consumable Fuels) | 1,605 | 53,077 | ||||||
Rayonier, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,167 | 44,054 | ||||||
Regal Rexnord Corp. (Electrical Equipment) | 775 | 104,083 | ||||||
Reinsurance Group of America, Inc. (Insurance) | 1,337 | 154,798 | ||||||
Reliance Steel & Aluminum Co. (Metals & Mining) | 1,236 | 235,149 | ||||||
RenaissanceRe Holdings, Ltd. (Insurance) | 881 | 113,922 | ||||||
RLI Corp. (Insurance) | 318 | 34,974 | ||||||
Royal Gold, Inc. (Metals & Mining) | 524 | 54,899 | ||||||
RPM International, Inc. (Chemicals) | 1,266 | 114,446 | ||||||
Ryder System, Inc. (Road & Rail) | 1,020 | 79,886 | ||||||
Sabra Health Care REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 4,610 | 70,948 | ||||||
Sabre Corp.* (IT Services) | 3,386 | 20,824 | ||||||
Science Applications International Corp. (Professional Services) | 1,114 | 107,913 | ||||||
SEI Investments Co. (Capital Markets) | 853 | 47,222 | ||||||
Selective Insurance Group, Inc. (Insurance) | 1,205 | 93,821 | ||||||
Semtech Corp.* (Semiconductors & Semiconductor Equipment) | 431 | 26,864 | ||||||
Sensient Technologies Corp. (Chemicals) | 361 | 31,039 | ||||||
Silgan Holdings, Inc. (Containers & Packaging) | 1,681 | 74,805 | ||||||
Skechers U.S.A., Inc.*—Class A (Textiles, Apparel & Luxury Goods) | 1,426 | 54,131 | ||||||
SL Green Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 1,280 | 63,552 | ||||||
Sonoco Products Co. (Containers & Packaging) | 1,945 | 123,487 | ||||||
Sotera Health Co.* (Life Sciences Tools & Services) | 475 | 9,120 | ||||||
Southwest Gas Holdings, Inc. (Gas Utilities) | 1,334 | 116,005 | ||||||
Southwestern Energy Co.* (Oil, Gas & Consumable Fuels) | 8,018 | 56,607 | ||||||
Spire, Inc. (Gas Utilities) | 1,040 | 78,250 | ||||||
Spirit Realty Capital, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,680 | 118,831 | ||||||
Sprouts Farmers Market, Inc.* (Food & Staples Retailing) | 2,187 | 60,449 | ||||||
Stericycle, Inc.* (Commercial Services & Supplies) | 1,837 | 86,100 | ||||||
STORE Capital Corp. (Equity Real Estate Investment Trusts (REITs)) | 5,039 | 146,232 | ||||||
Sunrun, Inc.* (Electrical Equipment) | 4,196 | 137,166 | ||||||
Synovus Financial Corp. (Banks) | 1,740 | 70,261 | ||||||
Taylor Morrison Home Corp.* (Household Durables) | 2,387 | 68,507 | ||||||
TD SYNNEX Corp. (Electronic Equipment, Instruments & Components) | 825 | 82,847 | ||||||
TEGNA, Inc. (Media) | 2,473 | 51,785 | ||||||
Terex Corp. (Machinery) | 1,383 | 46,344 | ||||||
Texas Capital Bancshares, Inc.* (Banks) | 1,012 | 59,323 | ||||||
Texas Roadhouse, Inc. (Hotels, Restaurants & Leisure) | 544 | 47,448 | ||||||
The Boston Beer Co., Inc.*—Class A (Beverages) | 75 | 28,532 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Mid-Cap Value ProFund :: 139
Common Stocks, continued
Shares | Value | |||||||
The Brink's Co. (Commercial Services & Supplies) | 938 | $ | 53,410 | |||||
The Chemours Co. (Chemicals) | 3,105 | 110,507 | ||||||
The Gap, Inc. (Specialty Retail) | 4,206 | 40,462 | ||||||
The Goodyear Tire & Rubber Co.* (Auto Components) | 5,637 | 69,222 | ||||||
The Hain Celestial Group, Inc.* (Food Products) | 1,792 | 40,768 | ||||||
The Hanover Insurance Group, Inc. (Insurance) | 711 | 97,030 | ||||||
The Macerich Co. (Equity Real Estate Investment Trusts (REITs)) | 4,285 | 45,464 | ||||||
The Middleby Corp.* (Machinery) | 391 | 56,574 | ||||||
The New York Times Co.—Class A (Media) | 1,397 | 44,634 | ||||||
The Timken Co. (Machinery) | 1,346 | 88,001 | ||||||
The Wendy's Co. (Hotels, Restaurants & Leisure) | 1,711 | 35,982 | ||||||
The Western Union Co. (IT Services) | 7,702 | 131,088 | ||||||
Thor Industries, Inc. (Automobiles) | 1,098 | 92,594 | ||||||
Toll Brothers, Inc. (Household Durables) | 2,200 | 108,196 | ||||||
Travel + Leisure Co. (Hotels, Restaurants & Leisure) | 1,704 | 73,459 | ||||||
TripAdvisor, Inc.* (Interactive Media & Services) | 1,160 | 22,052 | ||||||
UGI Corp. (Gas Utilities) | 4,192 | 180,926 | ||||||
Umpqua Holdings Corp. (Banks) | 2,729 | 48,058 | ||||||
Under Armour, Inc.*—Class A (Textiles, Apparel & Luxury Goods) | 2,147 | 19,881 | ||||||
Under Armour, Inc.*—Class C (Textiles, Apparel & Luxury Goods) | 2,306 | 19,048 | ||||||
United Bankshares, Inc. (Banks) | 2,708 | 104,908 | ||||||
United States Steel Corp. (Metals & Mining) | 5,204 | 123,075 | ||||||
United Therapeutics Corp.* (Biotechnology) | 471 | 108,834 | ||||||
Univar Solutions, Inc.* (Trading Companies & Distributors) | 3,377 | 91,314 | ||||||
Unum Group (Insurance) | 4,013 | 129,178 | ||||||
Valley National Bancorp (Banks) | 8,385 | 98,021 | ||||||
ViaSat, Inc.* (Communications Equipment) | 1,487 | 48,967 | ||||||
Victoria's Secret & Co.* (Specialty Retail) | 691 | 25,539 | ||||||
Vishay Intertechnology, Inc. (Electronic Equipment, Instruments & Components) | 2,632 | 54,377 | ||||||
Visteon Corp.* (Auto Components) | 561 | 71,572 | ||||||
Vontier Corp. (Electronic Equipment, Instruments & Components) | 3,215 | 82,947 | ||||||
Voya Financial, Inc. (Diversified Financial Services) | 2,039 | 122,666 | ||||||
Washington Federal, Inc. (Thrifts & Mortgage Finance) | 1,303 | 44,471 | ||||||
Watsco, Inc. (Trading Companies & Distributors) | 225 | 61,639 | ||||||
Webster Financial Corp. (Banks) | 2,096 | 97,359 | ||||||
Werner Enterprises, Inc. (Road & Rail) | 1,181 | 51,917 | ||||||
WEX, Inc.* (IT Services) | 511 | 84,933 | ||||||
Wintrust Financial Corp. (Banks) | 601 | 51,710 | ||||||
Wolfspeed, Inc.* (Semiconductors & Semiconductor Equipment) | 1,110 | 92,463 | ||||||
Woodward, Inc. (Machinery) | 1,210 | 126,688 | ||||||
World Wrestling Entertainment, Inc.—Class A (Entertainment) | 327 | 22,664 | ||||||
Worthington Industries, Inc. (Metals & Mining) | 640 | 32,774 | ||||||
Wyndham Hotels & Resorts, Inc. (Hotels, Restaurants & Leisure) | 643 | 44,631 | ||||||
Xerox Holdings Corp. (Technology Hardware, Storage & Peripherals) | 2,380 | 40,769 | ||||||
XPO Logistics, Inc.* (Air Freight & Logistics) | 1,974 | 117,927 | ||||||
TOTAL COMMON STOCKS (Cost $20,218,307) | 22,280,124 | �� | ||||||
Collateral for Securities Loaned(b) (0.1%) | ||||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(c) | 20,762 | 20,762 | ||||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $20,762) | 20,762 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $20,239,069)—99.7% | 22,300,886 | |||||||
Net other assets (liabilities)—0.3% | 59,396 | |||||||
NET ASSETS—100.0% | $ | 22,360,282 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $20,655. |
(b) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(c) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
See accompanying notes to the financial statements.
140 :: Mid-Cap Value ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Mid-Cap Value ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Aerospace & Defense | $ | 279,355 | 1.2 | % | ||||
Air Freight & Logistics | 117,927 | 0.5 | % | |||||
Airlines | 53,896 | 0.2 | % | |||||
Auto Components | 494,978 | 2.2 | % | |||||
Automobiles | 203,831 | 0.9 | % | |||||
Banks | 1,711,809 | 7.7 | % | |||||
Beverages | 28,532 | 0.1 | % | |||||
Biotechnology | 171,761 | 0.8 | % | |||||
Building Products | 245,895 | 1.1 | % | |||||
Capital Markets | 165,778 | 0.7 | % | |||||
Chemicals | 507,387 | 2.3 | % | |||||
Commercial Services & Supplies | 317,342 | 1.4 | % | |||||
Communications Equipment | 175,392 | 0.8 | % | |||||
Construction & Engineering | 475,112 | 2.1 | % | |||||
Consumer Finance | 57,582 | 0.3 | % | |||||
Containers & Packaging | 311,870 | 1.4 | % | |||||
Diversified Consumer Services | 177,027 | 0.8 | % | |||||
Diversified Financial Services | 122,666 | 0.5 | % | |||||
Diversified Telecommunication Services | 53,652 | 0.2 | % | |||||
Electric Utilities | 553,014 | 2.5 | % | |||||
Electrical Equipment | 451,308 | 2.0 | % | |||||
Electronic Equipment, Instruments & Components | 1,045,716 | 4.7 | % | |||||
Energy Equipment & Services | 190,986 | 0.9 | % | |||||
Entertainment | 22,664 | 0.1 | % | |||||
Equity Real Estate Investment Trusts | 2,251,637 | 10.1 | % | |||||
Food & Staples Retailing | 621,263 | 2.8 | % | |||||
Food Products | 428,071 | 1.9 | % | |||||
Gas Utilities | 618,794 | 2.8 | % | |||||
Health Care Equipment & Supplies | 451,483 | 2.0 | % | |||||
Health Care Providers & Services | 621,797 | 2.8 | % | |||||
Hotels, Restaurants & Leisure | 333,219 | 1.5 | % | |||||
Household Durables | 338,883 | 1.5 | % | |||||
Household Products | 38,625 | 0.2 | % | |||||
Independent Power and Renewable Electricity Producers | 50,366 | 0.2 | % | |||||
Insurance | 1,367,026 | 6.1 | % | |||||
Interactive Media & Services | 22,052 | 0.1 | % | |||||
IT Services | 434,693 | 1.9 | % | |||||
Leisure Products | 127,880 | 0.6 | % | |||||
Life Sciences Tools & Services | 9,120 | NM | ||||||
Machinery | 1,046,314 | 4.7 | % | |||||
Marine | 76,318 | 0.3 | % | |||||
Media | 175,474 | 0.8 | % | |||||
Metals & Mining | 654,352 | 2.9 | % | |||||
Multiline Retail | 296,135 | 1.3 | % | |||||
Multi-Utilities | 275,636 | 1.2 | % | |||||
Oil, Gas & Consumable Fuels | 673,080 | 3.0 | % | |||||
Personal Products | 146,414 | 0.7 | % | |||||
Pharmaceuticals | 306,362 | 1.4 | % | |||||
Professional Services | 383,416 | 1.7 | % | |||||
Real Estate Management & Development | 94,763 | 0.4 | % | |||||
Road & Rail | 351,816 | 1.6 | % | |||||
Semiconductors & Semiconductor Equipment | 333,340 | 1.5 | % | |||||
Software | 201,965 | 0.9 | % | |||||
Specialty Retail | 459,055 | 2.1 | % | |||||
Technology Hardware, Storage & Peripherals | 129,228 | 0.6 | % | |||||
Textiles, Apparel & Luxury Goods | 315,325 | 1.4 | % | |||||
Thrifts & Mortgage Finance | 320,430 | 1.4 | % | |||||
Trading Companies & Distributors | 302,014 | 1.4 | % | |||||
Water Utilities | 88,298 | 0.4 | % | |||||
Other** | 80,158 | 0.4 | % | |||||
Total | $ | 22,360,282 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
NM | Not meaningful, amount is less than 0.05%. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Nasdaq-100 ProFund :: 141
Common Stocks (59.9%)
Shares | Value | |||||||
Activision Blizzard, Inc. (Entertainment) | 2,172 | $ | 173,651 | |||||
Adobe, Inc.* (Software) | 1,312 | 538,077 | ||||||
Advanced Micro Devices, Inc.* (Semiconductors & Semiconductor Equipment) | 4,499 | 425,021 | ||||||
Airbnb, Inc.*—Class A (Hotels, Restaurants & Leisure) | 1,061 | 117,750 | ||||||
Align Technology, Inc.* (Health Care Equipment & Supplies) | 219 | 61,532 | ||||||
Alphabet, Inc.*—Class A (Interactive Media & Services) | 10,080 | 1,172,505 | ||||||
Alphabet, Inc.*—Class C (Interactive Media & Services) | 10,480 | 1,222,386 | ||||||
Amazon.com, Inc.* (Internet & Direct Marketing Retail) | 17,027 | 2,297,793 | ||||||
American Electric Power Co., Inc. (Electric Utilities) | 1,426 | 140,547 | ||||||
Amgen, Inc. (Biotechnology) | 1,483 | 366,998 | ||||||
Analog Devices, Inc. (Semiconductors & Semiconductor Equipment) | 1,443 | 248,138 | ||||||
ANSYS, Inc.* (Software) | 241 | 67,237 | ||||||
Apple, Inc. (Technology Hardware, Storage & Peripherals) | 27,086 | 4,401,746 | ||||||
Applied Materials, Inc. (Semiconductors & Semiconductor Equipment) | 2,416 | 256,048 | ||||||
ASML Holding N.V.NYS (Semiconductors & Semiconductor Equipment) | 238 | 136,717 | ||||||
AstraZeneca PLCADR (Pharmaceuticals) | 1,605 | 106,299 | ||||||
Atlassian Corp. PLC*—Class A (Software) | 397 | 83,100 | ||||||
Autodesk, Inc.* (Software) | 604 | 130,657 | ||||||
Automatic Data Processing, Inc. (IT Services) | 1,160 | 279,698 | ||||||
Baidu, Inc.*ADR (Interactive Media & Services) | 600 | 81,942 | ||||||
Biogen, Inc.* (Biotechnology) | 406 | 87,314 | ||||||
Booking Holdings, Inc.* (Hotels, Restaurants & Leisure) | 112 | 216,797 | ||||||
Broadcom, Inc. (Semiconductors & Semiconductor Equipment) | 1,133 | 606,699 | ||||||
Cadence Design Systems, Inc.* (Software) | 766 | 142,537 | ||||||
Charter Communications, Inc.*—Class A (Media) | 466 | 201,359 | ||||||
Cintas Corp. (Commercial Services & Supplies) | 284 | 120,839 | ||||||
Cisco Systems, Inc. (Communications Equipment) | 11,498 | 521,664 | ||||||
Cognizant Technology Solutions Corp.— Class A (IT Services) | 1,448 | 98,406 | ||||||
Comcast Corp.—Class A (Media) | 12,414 | 465,773 | ||||||
Constellation Energy Corp. (Electric Utilities) | 907 | 59,953 | ||||||
Copart, Inc.* (Commercial Services & Supplies) | 660 | 84,546 | ||||||
Costco Wholesale Corp. (Food & Staples Retailing) | 1,230 | 665,799 | ||||||
Crowdstrike Holdings, Inc.*—Class A (Software) | 592 | 108,691 | ||||||
CSX Corp. (Road & Rail) | 6,039 | 195,241 | ||||||
Datadog, Inc.*—Class A (Software) | 786 | 80,180 | ||||||
DexCom, Inc.* (Health Care Equipment & Supplies) | 1,091 | 89,549 | ||||||
DocuSign, Inc.* (Software) | 556 | 35,573 | ||||||
Dollar Tree, Inc.* (Multiline Retail) | 624 | 103,185 | ||||||
eBay, Inc. (Internet & Direct Marketing Retail) | 1,556 | 75,668 | ||||||
Electronic Arts, Inc. (Entertainment) | 777 | 101,966 | ||||||
Exelon Corp. (Electric Utilities) | 2,723 | 126,592 | ||||||
Fastenal Co. (Trading Companies & Distributors) | 1,599 | 82,125 | ||||||
Fiserv, Inc.* (IT Services) | 1,795 | 189,696 | ||||||
Fortinet, Inc.* (Software) | 2,230 | 133,020 | ||||||
Gilead Sciences, Inc. (Biotechnology) | 3,484 | 208,169 | ||||||
Honeywell International, Inc. (Industrial Conglomerates) | 1,890 | 363,749 | ||||||
IDEXX Laboratories, Inc.* (Health Care Equipment & Supplies) | 233 | 93,009 | ||||||
Illumina, Inc.* (Life Sciences Tools & Services) | 435 | 94,256 | ||||||
Intel Corp. (Semiconductors & Semiconductor Equipment) | 11,355 | 412,300 | ||||||
Intuit, Inc. (Software) | 783 | 357,181 | ||||||
Intuitive Surgical, Inc.* (Health Care Equipment & Supplies) | 997 | 229,480 | ||||||
JD.com, Inc.ADR (Internet & Direct Marketing Retail) | 1,407 | 83,717 | ||||||
Keurig Dr Pepper, Inc. (Beverages) | 3,940 | 152,636 | ||||||
KLA Corp. (Semiconductors & Semiconductor Equipment) | 414 | 158,786 | ||||||
Lam Research Corp. (Semiconductors & Semiconductor Equipment) | 385 | 192,696 | ||||||
Lucid Group, Inc.*(a) (Automobiles) | 4,634 | 84,571 | ||||||
Lululemon Athletica, Inc.* (Textiles, Apparel & Luxury Goods) | 341 | 105,884 | ||||||
Marriott International, Inc.—Class A (Hotels, Restaurants & Leisure) | 908 | 144,209 | ||||||
Marvell Technology, Inc. (Semiconductors & Semiconductor Equipment) | 2,362 | 131,516 | ||||||
Match Group, Inc.* (Interactive Media & Services) | 793 | 58,135 | ||||||
Mercadolibre, Inc.* (Internet & Direct Marketing Retail) | 139 | 113,106 | ||||||
Meta Platforms, Inc.*—Class A (Interactive Media & Services) | 5,747 | 914,348 | ||||||
Microchip Technology, Inc. (Semiconductors & Semiconductor Equipment) | 1,541 | 106,113 | ||||||
Micron Technology, Inc. (Semiconductors & Semiconductor Equipment) | 3,101 | 191,828 | ||||||
Microsoft Corp. (Software) | 12,516 | 3,513,741 | ||||||
Moderna, Inc.* (Biotechnology) | 1,105 | 181,319 | ||||||
Mondelez International, Inc.—Class A (Food Products) | 3,843 | 246,106 | ||||||
Monster Beverage Corp.* (Beverages) | 1,471 | 146,541 | ||||||
NetEase, Inc.ADR (Entertainment) | 505 | 46,955 | ||||||
Netflix, Inc.* (Entertainment) | 1,233 | 277,302 | ||||||
NVIDIA Corp. (Semiconductors & Semiconductor Equipment) | 5,888 | 1,069,437 | ||||||
NXP Semiconductors N.V. (Semiconductors & Semiconductor Equipment) | 729 | 134,049 | ||||||
Okta, Inc.* (IT Services) | 419 | 41,251 | ||||||
Old Dominion Freight Line, Inc. (Road & Rail) | 315 | 95,606 | ||||||
O’Reilly Automotive, Inc.* (Specialty Retail) | 182 | 128,053 | ||||||
PACCAR, Inc. (Machinery) | 966 | 88,408 | ||||||
Palo Alto Networks, Inc.* (Software) | 277 | 138,251 | ||||||
Paychex, Inc. (IT Services) | 1,003 | 128,665 | ||||||
PayPal Holdings, Inc.* (IT Services) | 3,216 | 278,280 | ||||||
PepsiCo, Inc. (Beverages) | 3,839 | 671,671 | ||||||
Pinduoduo, Inc.*ADR (Internet & Direct Marketing Retail) | 1,231 | 60,331 |
See accompanying notes to the financial statements.
142 :: Nasdaq-100 ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Qualcomm, Inc. (Semiconductors & Semiconductor Equipment) | 3,110 | $ | 451,137 | |||||
Regeneron Pharmaceuticals, Inc.* (Biotechnology) | 300 | 174,507 | ||||||
Ross Stores, Inc. (Specialty Retail) | 976 | 79,310 | ||||||
Seagen, Inc.* (Biotechnology) | 511 | 91,970 | ||||||
Sirius XM Holdings, Inc.(a) (Media) | 10,932 | 73,026 | ||||||
Skyworks Solutions, Inc. (Semiconductors & Semiconductor Equipment) | 447 | 48,669 | ||||||
Splunk, Inc.* (Software) | 447 | 46,448 | ||||||
Starbucks Corp. (Hotels, Restaurants & Leisure) | 3,184 | 269,939 | ||||||
Synopsys, Inc.* (Software) | 424 | 155,820 | ||||||
Tesla, Inc.* (Automobiles) | 1,734 | 1,545,774 | ||||||
Texas Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 2,561 | 458,137 | ||||||
The Kraft Heinz Co. (Food Products) | 3,400 | 125,222 | ||||||
T-Mobile U.S., Inc.* (Wireless Telecommunication Services) | 3,480 | 497,849 | ||||||
VeriSign, Inc.* (IT Services) | 304 | 57,505 | ||||||
Verisk Analytics, Inc. (Professional Services) | 438 | 83,330 | ||||||
Vertex Pharmaceuticals, Inc.* (Biotechnology) | 711 | 199,372 | ||||||
Walgreens Boots Alliance, Inc. (Food & Staples Retailing) | 2,400 | 95,088 | ||||||
Workday, Inc.*—Class A (Software) | 552 | 85,615 | ||||||
Xcel Energy, Inc. (Electric Utilities) | 1,513 | 110,721 | ||||||
Zoom Video Communications, Inc.*—Class A (Software) | 699 | 72,598 | ||||||
Zscaler, Inc.* (Software) | 392 | 60,784 | ||||||
TOTAL COMMON STOCKS (Cost $5,953,425) | 33,125,490 |
Repurchase Agreements(b)(c) (42.2%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $23,378,244 | $ | 23,374,000 | $ | 23,374,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $23,374,000) | 23,374,000 |
Collateral for Securities Loaned(d) (0.3%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(e) | 160,653 | $ | 160,653 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $160,653) | 160,653 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $29,488,078)—102.4% | 56,660,143 | |||||||
Net other assets (liabilities)—(2.4)% | (1,314,157 | ) | ||||||
NET ASSETS—100.0% | $ | 55,345,986 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $157,571. |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $2,968,000. |
(d) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(e) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
ADR | American Depositary Receipt |
NYS | New York Shares |
Futures Contracts Purchased
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||||
E-Mini Nasdaq-100 Futures Contracts | 15 | 9/19/22 | $ | 3,891,450 | $ | 250,916 | |||||||
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Nasdaq-100 Index | Goldman Sachs International | 8/29/22 | 2.93 | % | $ | 457,711 | $ | 59,912 | ||||||||
Nasdaq-100 Index | UBS AG | 8/29/22 | 3.13 | % | 17,894,095 | 478,386 | ||||||||||
$ | 18,351,806 | $ | 538,298 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Nasdaq-100 ProFund :: 143
Nasdaq-100 ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Automobiles | $ | 1,630,345 | 2.9 | % | ||||
Beverages | 970,848 | 1.8 | % | |||||
Biotechnology | 1,309,649 | 2.4 | % | |||||
Commercial Services & Supplies | 205,385 | 0.4 | % | |||||
Communications Equipment | 521,664 | 0.9 | % | |||||
Electric Utilities | 437,813 | 0.8 | % | |||||
Entertainment | 599,874 | 1.1 | % | |||||
Food & Staples Retailing | 760,887 | 1.4 | % | |||||
Food Products | 371,328 | 0.7 | % | |||||
Health Care Equipment & Supplies | 473,570 | 0.9 | % | |||||
Hotels, Restaurants & Leisure | 748,695 | 1.3 | % | |||||
Industrial Conglomerates | 363,749 | 0.7 | % | |||||
Interactive Media & Services | 3,449,317 | 6.2 | % | |||||
Internet & Direct Marketing Retail | 2,630,615 | 4.7 | % | |||||
IT Services | 1,073,501 | 1.9 | % | |||||
Life Sciences Tools & Services | 94,256 | 0.2 | % | |||||
Machinery | 88,408 | 0.2 | % | |||||
Media | 740,158 | 1.3 | % | |||||
Multiline Retail | 103,185 | 0.2 | % | |||||
Pharmaceuticals | 106,299 | 0.2 | % | |||||
Professional Services | 83,329 | 0.1 | % | |||||
Road & Rail | 290,847 | 0.5 | % | |||||
Semiconductors & Semiconductor Equipment | 5,027,291 | 9.1 | % | |||||
Software | 5,749,510 | 10.4 | % | |||||
Specialty Retail | 207,363 | 0.4 | % | |||||
Technology Hardware, Storage & Peripherals | 4,401,746 | 8.0 | % | |||||
Textiles, Apparel & Luxury Goods | 105,884 | 0.2 | % | |||||
Trading Companies & Distributors | 82,125 | 0.1 | % | |||||
Wireless Telecommunication Services | 497,849 | 0.9 | % | |||||
Other** | 22,220,496 | 40.1 | % | |||||
Total | $ | 55,345,986 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
144 :: Oil & Gas UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (76.1%)
Shares | Value | |||||||
APA Corp. (Oil, Gas & Consumable Fuels) | 6,923 | $ | 257,328 | |||||
Baker Hughes Co.—Class A (Energy Equipment & Services) | 19,146 | 491,861 | ||||||
Cheniere Energy, Inc. (Oil, Gas & Consumable Fuels) | 4,838 | 723,668 | ||||||
Chevron Corp. (Oil, Gas & Consumable Fuels) | 40,217 | 6,586,740 | ||||||
ConocoPhillips (Oil, Gas & Consumable Fuels) | 26,474 | 2,579,362 | ||||||
Continental Resources, Inc. (Oil, Gas & Consumable Fuels) | 1,188 | 81,841 | ||||||
Coterra Energy, Inc. (Oil, Gas & Consumable Fuels) | 16,493 | 504,521 | ||||||
Devon Energy Corp. (Oil, Gas & Consumable Fuels) | 12,564 | 789,647 | ||||||
Diamondback Energy, Inc. (Oil, Gas & Consumable Fuels) | 3,415 | 437,188 | ||||||
DT Midstream, Inc. (Oil, Gas & Consumable Fuels) | 1,980 | 108,959 | ||||||
EOG Resources, Inc. (Oil, Gas & Consumable Fuels) | 11,989 | 1,333,417 | ||||||
EQT Corp. (Oil, Gas & Consumable Fuels) | 6,052 | 266,470 | ||||||
Equitrans Midstream Corp. (Oil, Gas & Consumable Fuels) | 8,326 | 65,359 | ||||||
Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 86,224 | 8,357,692 | ||||||
First Solar, Inc.* (Semiconductors & Semiconductor Equipment) | 2,029 | 201,216 | ||||||
Halliburton Co. (Energy Equipment & Services) | 18,462 | 540,937 | ||||||
Hess Corp. (Oil, Gas & Consumable Fuels) | 5,670 | 637,705 | ||||||
HF Sinclair Corp. (Oil, Gas & Consumable Fuels) | 3,060 | 146,329 | ||||||
Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 39,914 | 718,053 | ||||||
Marathon Oil Corp. (Oil, Gas & Consumable Fuels) | 14,485 | 359,228 | ||||||
Marathon Petroleum Corp. (Oil, Gas & Consumable Fuels) | 11,073 | 1,014,951 | ||||||
New Fortress Energy, Inc. (Oil, Gas & Consumable Fuels) | 849 | 41,576 | ||||||
NOV, Inc. (Energy Equipment & Services) | 8,039 | 149,606 | ||||||
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 18,224 | 1,198,228 | ||||||
OGE Energy Corp. (Electric Utilities) | 4,098 | 168,346 | ||||||
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 9,141 | 546,083 | ||||||
Ovintiv, Inc. (Oil, Gas & Consumable Fuels) | 5,296 | 270,573 | ||||||
Phillips 66 (Oil, Gas & Consumable Fuels) | 9,847 | 876,383 | ||||||
Pioneer Natural Resources Co. (Oil, Gas & Consumable Fuels) | 4,606 | 1,091,392 | ||||||
Plug Power, Inc.* (Electrical Equipment) | 10,649 | 227,250 | ||||||
Schlumberger, Ltd. (Energy Equipment & Services) | 28,932 | 1,071,351 | ||||||
Targa Resources Corp. (Oil, Gas & Consumable Fuels) | 4,666 | 322,467 | ||||||
TechnipFMC PLC* (Energy Equipment & Services) | 8,700 | 70,383 | ||||||
Texas Pacific Land Corp. (Oil, Gas & Consumable Fuels) | 127 | 232,899 | ||||||
The Williams Cos., Inc. (Oil, Gas & Consumable Fuels) | 24,931 | 849,898 | ||||||
Valero Energy Corp. (Oil, Gas & Consumable Fuels) | 8,353 | 925,262 | ||||||
TOTAL COMMON STOCKS (Cost $16,030,582) | 34,244,169 |
Repurchase Agreements(a)(b) (17.8%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $8,034,459 | $ | 8,033,000 | $ | 8,033,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $8,033,000) | 8,033,000 | |||||||
TOTAL INVESTMENT SECURITIES | 42,277,169 | |||||||
Net other assets (liabilities)—6.1% | 2,761,491 | |||||||
NET ASSETS—100.0% | $ | 45,038,660 |
* | Non-income producing security. |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $5,861,000. |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones U.S. Oil & Gas Index | Goldman Sachs International | 8/23/22 | 2.93 | % | $ | 16,079,057 | $ | 985,832 | ||||||||
Dow Jones U.S. Oil & Gas Index | UBS AG | 8/23/22 | 2.33 | % | 17,118,722 | 916,714 | ||||||||||
$ | 33,197,779 | $ | 1,902,546 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Oil & Gas UltraSector ProFund :: 145
Oil & Gas UltraSector ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Electric Utilities | $ | 168,346 | 0.4 | % | ||||
Electrical Equipment | 227,250 | 0.5 | % | |||||
Energy Equipment & Services | 2,324,138 | 5.2 | % | |||||
Oil, Gas & Consumable Fuels | 31,323,219 | 69.6 | % | |||||
Semiconductors & Semiconductor Equipment | 201,216 | 0.4 | % | |||||
Other** | 10,794,491 | 23.9 | % | |||||
Total | $ | 45,038,660 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
146 :: Oil Equipment & Services UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (83.9%)
Shares | Value | |||||||
Archrock, Inc. (Energy Equipment & Services) | 22,915 | $ | 193,403 | |||||
Baker Hughes Co.—Class A (Energy Equipment & Services) | 18,689 | 480,120 | ||||||
Bristow Group, Inc.* (Energy Equipment & Services) | 3,937 | 101,575 | ||||||
Cactus, Inc.—Class A (Energy Equipment & Services) | 10,257 | 426,589 | ||||||
ChampionX Corp. (Energy Equipment & Services) | 27,618 | 576,940 | ||||||
Core Laboratories N.V. (Energy Equipment & Services) | 7,858 | 148,831 | ||||||
DMC Global, Inc.* (Energy Equipment & Services) | 3,309 | 75,313 | ||||||
Dril-Quip, Inc.* (Energy Equipment & Services) | 5,857 | 150,232 | ||||||
Expro Group Holdings N.V.* (Energy Equipment & Services) | 5,022 | 61,168 | ||||||
Halliburton Co. (Energy Equipment & Services) | 81,527 | 2,388,740 | ||||||
Helix Energy Solutions Group, Inc.* (Energy Equipment & Services) | 24,189 | 97,724 | ||||||
Helmerich & Payne, Inc. (Energy Equipment & Services) | 13,009 | 602,317 | ||||||
Liberty Energy, Inc.* (Energy Equipment & Services) | 18,706 | 265,625 | ||||||
Nabors Industries, Ltd.* (Energy Equipment & Services) | 1,500 | 213,735 | ||||||
NexTier Oilfield Solutions, Inc.* (Energy Equipment & Services) | 27,330 | 272,480 | ||||||
NOV, Inc. (Energy Equipment & Services) | 32,956 | 613,310 | ||||||
Oceaneering International, Inc.* (Energy Equipment & Services) | 17,011 | 180,657 | ||||||
Patterson-UTI Energy, Inc. (Energy Equipment & Services) | 35,476 | 587,128 | ||||||
ProPetro Holding Corp.* (Energy Equipment & Services) | 14,505 | 152,593 | ||||||
RPC, Inc.* (Energy Equipment & Services) | 11,948 | 97,496 | ||||||
Schlumberger, Ltd. (Energy Equipment & Services) | 70,673 | 2,617,020 | ||||||
TechnipFMC PLC* (Energy Equipment & Services) | 72,131 | 583,540 | ||||||
Transocean, Ltd.* (Energy Equipment & Services) | 106,322 | 359,368 | ||||||
U.S. Silica Holdings, Inc.* (Energy Equipment & Services) | 12,808 | 177,135 | ||||||
Valaris, Ltd.* (Energy Equipment & Services) | 11,071 | 555,543 | ||||||
TOTAL COMMON STOCKS (Cost $6,765,224) | 11,978,582 |
Repurchase Agreements(a)(b) (18.7%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $2,665,484 | $ | 2,665,000 | $ | 2,665,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $2,665,000) | 2,665,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $9,430,224)—102.6% | 14,643,582 | |||||||
Net other assets (liabilities)—(2.6)% | (376,758 | ) | ||||||
NET ASSETS—100.0% | $ | 14,266,824 |
* | Non-income producing security. |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $1,860,000. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Oil Equipment & Services UltraSector ProFund :: 147
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones U.S. Select Oil Equipment & Services Index | Goldman Sachs International | 8/23/22 | 2.93 | % | $ | 5,394,451 | $ | 402,738 | ||||||||
Dow Jones U.S. Select Oil Equipment & Services Index | UBS AG | 8/23/22 | 2.68 | % | 5,928,778 | 371,232 | ||||||||||
$ | 11,323,229 | $ | 773,970 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
Oil Equipment & Services UltraSector ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Energy Equipment & Services | $ | 11,978,582 | 83.9 | % | ||||
Other** | 2,288,242 | 16.1 | % | |||||
Total | $ | 14,266,824 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
148 :: Pharmaceuticals UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (85.3%)
Shares | Value | |||||||
Aerie Pharmaceuticals, Inc.* (Pharmaceuticals) | 641 | $ | 4,493 | |||||
Amicus Therapeutics, Inc.* (Biotechnology) | 3,334 | 33,206 | ||||||
Amneal Pharmaceuticals, Inc.* (Pharmaceuticals) | 1,316 | 4,659 | ||||||
Amphastar Pharmaceuticals, Inc.* (Pharmaceuticals) | 497 | 18,583 | ||||||
Arvinas, Inc.* (Pharmaceuticals) | 577 | 30,644 | ||||||
Atea Pharmaceuticals, Inc.* (Biotechnology) | 703 | 5,765 | ||||||
Axsome Therapeutics, Inc.* (Pharmaceuticals) | 406 | 15,668 | ||||||
Bristol-Myers Squibb Co. (Pharmaceuticals) | 2,124 | 156,709 | ||||||
Cara Therapeutics, Inc.* (Biotechnology) | 558 | 4,877 | ||||||
Cassava Sciences, Inc.*(a) (Pharmaceuticals) | 498 | 8,132 | ||||||
Catalent, Inc.* (Pharmaceuticals) | 1,459 | 165,013 | ||||||
Catalyst Pharmaceuticals, Inc.* (Biotechnology) | 1,262 | 12,923 | ||||||
ChemoCentryx, Inc.* (Biotechnology) | 659 | 15,566 | ||||||
Collegium Pharmaceutical, Inc.* (Pharmaceuticals) | 448 | 7,701 | ||||||
Corcept Therapeutics, Inc.* (Pharmaceuticals) | 1,265 | 36,255 | ||||||
Elanco Animal Health, Inc.* (Pharmaceuticals) | 6,270 | 127,030 | ||||||
Eli Lilly & Co. (Pharmaceuticals) | 517 | 170,450 | ||||||
Harmony Biosciences Holdings, Inc.* (Pharmaceuticals) | 306 | 15,523 | ||||||
Innoviva, Inc.* (Pharmaceuticals) | 829 | 11,888 | ||||||
Intra-Cellular Therapies, Inc.* (Pharmaceuticals) | 1,149 | 62,184 | ||||||
Ironwood Pharmaceuticals, Inc.* (Biotechnology) | 2,033 | 23,278 | ||||||
Jazz Pharmaceuticals PLC* (Pharmaceuticals) | 824 | 128,593 | ||||||
Johnson & Johnson (Pharmaceuticals) | 4,560 | 795,812 | ||||||
Madrigal Pharmaceuticals, Inc.* (Biotechnology) | 164 | 10,302 | ||||||
Merck & Co., Inc. (Pharmaceuticals) | 1,807 | 161,437 | ||||||
NGM Biopharmaceuticals, Inc.* (Pharmaceuticals) | 500 | 7,240 | ||||||
Nuvation Bio, Inc.* (Pharmaceuticals) | 1,518 | 4,190 | ||||||
Organon & Co. (Pharmaceuticals) | 3,355 | 106,421 | ||||||
Pacira BioSciences, Inc.* (Pharmaceuticals) | 600 | 33,936 | ||||||
Perrigo Co. PLC (Pharmaceuticals) | 1,780 | 74,529 | ||||||
Pfizer, Inc. (Pharmaceuticals) | 13,770 | 695,523 | ||||||
Phibro Animal Health Corp.—Class A (Pharmaceuticals) | 268 | 5,245 | ||||||
Prestige Consumer Healthcare, Inc.* (Pharmaceuticals) | 665 | 40,106 | ||||||
Reata Pharmaceuticals, Inc.*—Class A (Pharmaceuticals) | 363 | 11,137 | ||||||
Revance Therapeutics, Inc.* (Pharmaceuticals) | 885 | 13,735 | ||||||
Roivant Sciences, Ltd.* (Pharmaceuticals) | 1,279 | 5,090 | ||||||
Royalty Pharma PLC—Class A (Pharmaceuticals) | 3,897 | 169,481 | ||||||
Theravance Biopharma, Inc.* (Pharmaceuticals) | 712 | 6,258 | ||||||
Vanda Pharmaceuticals, Inc.* (Biotechnology) | 744 | 8,020 | ||||||
Viatris, Inc. (Pharmaceuticals) | 13,634 | 132,113 | ||||||
Zoetis, Inc. (Pharmaceuticals) | 944 | 172,327 | ||||||
TOTAL COMMON STOCKS (Cost $2,727,102) | 3,512,042 |
Repurchase Agreements(b)(c) (21.3%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $875,159 | $ | 875,000 | $ | 875,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $875,000) | 875,000 |
Collateral for Securities Loaned(d) (0.2%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(e) | 8,349 | $ | 8,349 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $8,349) | 8,349 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $3,610,451)—106.8% | 4,395,391 | |||||||
Net other assets (liabilities)—(6.8)% | (278,503 | ) | ||||||
NET ASSETS—100.0% | $ | 4,116,888 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $7,904. |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $418,000. |
(d) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(e) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Pharmaceuticals UltraSector ProFund :: 149
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones U.S. Select Pharmaceuticals Index | Goldman Sachs International | 8/23/22 | 2.93 | % | $ | 1,504,930 | $ | 1,685 | ||||||||
Dow Jones U.S. Select Pharmaceuticals Index | UBS AG | 8/23/22 | 2.68 | % | 1,170,501 | 2,601 | ||||||||||
$ | 2,675,431 | $ | 4,286 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
Pharmaceuticals UltraSector ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Biotechnology | $ | 113,937 | 2.8 | % | ||||
Pharmaceuticals | 3,398,105 | 82.5 | % | |||||
Other** | 604,846 | 14.7 | % | |||||
Total | $ | 4,116,888 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
150 :: Precious Metals UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (70.8%)
Shares | Value | |||||||
Agnico Eagle Mines, Ltd. (Metals & Mining) | 32,530 | $ | 1,398,465 | |||||
Alamos Gold, Inc. (Metals & Mining) | 27,992 | 220,857 | ||||||
AngloGold Ashanti, Ltd.ADR (Metals & Mining) | 29,863 | 439,285 | ||||||
B2Gold Corp. (Metals & Mining) | 75,421 | 264,728 | ||||||
Barrick Gold Corp. (Metals & Mining) | 127,016 | 1,999,232 | ||||||
Cia de Minas Buenaventura S.A.AADR (Metals & Mining) | 17,072 | 92,872 | ||||||
Coeur Mining, Inc.* (Metals & Mining) | 20,045 | 64,344 | ||||||
Eldorado Gold Corp.* (Metals & Mining) | 13,184 | 81,213 | ||||||
Endeavour Silver Corp.* (Metals & Mining) | 12,924 | 47,043 | ||||||
Equinox Gold Corp.* (Metals & Mining) | 19,931 | 88,892 | ||||||
First Majestic Silver Corp. (Metals & Mining) | 16,242 | 124,414 | ||||||
Fortuna Silver Mines, Inc.* (Metals & Mining) | 20,857 | 59,442 | ||||||
Franco-Nevada Corp. (Metals & Mining) | 13,658 | 1,747,951 | ||||||
Gold Fields, Ltd.ADR(a) (Metals & Mining) | 63,630 | 585,396 | ||||||
Harmony Gold Mining Co., Ltd.ADR (Metals & Mining) | 38,729 | 126,644 | ||||||
Hecla Mining Co. (Metals & Mining) | 38,479 | 174,310 | ||||||
IAMGOLD Corp.* (Metals & Mining) | 34,185 | 56,747 | ||||||
Kinross Gold Corp. (Metals & Mining) | 92,743 | 316,254 | ||||||
MAG Silver Corp.* (Metals & Mining) | 6,214 | 86,499 | ||||||
New Gold, Inc.* (Metals & Mining) | 48,693 | 39,792 | ||||||
Newmont Corp. (Metals & Mining) | 56,655 | 2,565,338 | ||||||
Novagold Resources, Inc.* (Metals & Mining) | 17,364 | 84,736 | ||||||
Osisko Gold Royalties, Ltd. (Metals & Mining) | 12,532 | 130,959 | ||||||
Pan American Silver Corp. (Metals & Mining) | 15,027 | 305,499 | ||||||
Royal Gold, Inc. (Metals & Mining) | 4,685 | 490,847 | ||||||
Sandstorm Gold, Ltd. (Metals & Mining) | 13,722 | 81,646 | ||||||
Seabridge Gold, Inc.* (Metals & Mining) | 4,629 | 63,510 | ||||||
Sibanye Stillwater, Ltd.ADR (Metals & Mining) | 47,975 | 476,872 | ||||||
SilverCrest Metals, Inc.* (Metals & Mining) | 10,413 | 70,808 | ||||||
SSR Mining, Inc. (Metals & Mining) | 15,173 | 249,748 | ||||||
Wheaton Precious Metals Corp. (Metals & Mining) | 32,229 | 1,105,455 | ||||||
Yamana Gold, Inc. (Metals & Mining) | 68,603 | 327,922 | ||||||
TOTAL COMMON STOCKS (Cost $6,993,318) | 13,967,720 |
Repurchase Agreements(b)(c) (25.3%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $5,002,908 | $ | 5,002,000 | $ | 5,002,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $5,002,000) | 5,002,000 |
Collateral for Securities Loaned(d) (2.8%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(e) | 552,112 | $ | 552,112 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $552,112) | 552,112 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $12,547,430)—98.9% | 19,521,832 | |||||||
Net other assets (liabilities)—1.1% | 214,130 | |||||||
NET ASSETS—100.0% | $ | 19,735,962 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $534,676. |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $1,928,000. |
(d) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(e) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
ADR | American Depositary Receipt |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Precious Metals UltraSector ProFund :: 151
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones Precious Metals Index | Goldman Sachs International | 8/23/22 | 2.93 | % | $ | 7,865,041 | $ | 432,970 | ||||||||
Dow Jones Precious Metals Index | UBS AG | 8/23/22 | 3.08 | % | 7,709,649 | 395,161 | ||||||||||
$ | 15,574,690 | $ | 828,131 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
Precious Metals UltraSector ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Metals & Mining | $ | 13,967,720 | 70.8 | % | ||||
Other** | 5,768,242 | 29.2 | % | |||||
Total | $ | 19,735,962 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
152 :: Real Estate UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (73.2%)
Shares | Value | |||||||
AGNC Investment Corp. (Mortgage Real Estate Investment Trusts (REITs)) | 2,011 | $ | 25,359 | |||||
Alexandria Real Estate Equities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 571 | 94,660 | ||||||
American Campus Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 536 | 35,012 | ||||||
American Homes 4 Rent—Class A (Equity Real Estate Investment Trusts (REITs)) | 1,136 | 43,032 | ||||||
American Tower Corp. (Equity Real Estate Investment Trusts (REITs)) | 1,785 | 483,433 | ||||||
Americold Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,035 | 33,896 | ||||||
Annaly Capital Management, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 5,998 | 41,266 | ||||||
Apartment Income REIT Corp. (Equity Real Estate Investment Trusts (REITs)) | 604 | 27,385 | ||||||
AvalonBay Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 537 | 114,886 | ||||||
Blackstone Mortgage Trust, Inc.—Class A (Mortgage Real Estate Investment Trusts (REITs)) | 654 | 20,254 | ||||||
Boston Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 548 | 49,956 | ||||||
Brixmor Property Group, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,151 | 26,680 | ||||||
Camden Property Trust (Equity Real Estate Investment Trusts (REITs)) | 409 | 57,710 | ||||||
CBRE Group, Inc.*—Class A (Real Estate Management & Development) | 1,256 | 107,539 | ||||||
Compass, Inc.*—Class A (Real Estate Management & Development) | 109 | 416 | ||||||
Corporate Office Properties Trust (Equity Real Estate Investment Trusts (REITs)) | 432 | 12,161 | ||||||
CoStar Group, Inc.* (Professional Services) | 1,522 | 110,482 | ||||||
Cousins Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 572 | 17,646 | ||||||
Crown Castle International Corp. (Equity Real Estate Investment Trusts (REITs)) | 1,664 | 300,618 | ||||||
CubeSmart (Equity Real Estate Investment Trusts (REITs)) | 863 | 39,586 | ||||||
Digital Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,094 | 144,900 | ||||||
Douglas Emmett, Inc. (Equity Real Estate Investment Trusts (REITs)) | 676 | 15,981 | ||||||
Duke Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 1,477 | 92,401 | ||||||
EastGroup Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 160 | 27,286 | ||||||
Equinix, Inc. (Equity Real Estate Investment Trusts (REITs)) | 350 | 246,309 | ||||||
Equity Commonwealth* (Equity Real Estate Investment Trusts (REITs)) | 434 | 12,160 | ||||||
Equity LifeStyle Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 665 | 48,891 | ||||||
Equity Residential (Equity Real Estate Investment Trusts (REITs)) | 1,315 | 103,083 | ||||||
Essex Property Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 251 | 71,919 | ||||||
Extra Space Storage, Inc. (Equity Real Estate Investment Trusts (REITs)) | 516 | 97,792 | ||||||
Federal Realty Investment Trust (Equity Real Estate Investment Trusts (REITs)) | 274 | 28,937 | ||||||
First Industrial Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 507 | 26,339 | ||||||
Gaming & Leisure Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 904 | 46,999 | ||||||
Healthcare Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,463 | 38,404 | ||||||
Healthpeak Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,073 | 57,277 | ||||||
Highwoods Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 404 | 14,370 | ||||||
Host Hotels & Resorts, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,746 | 48,906 | ||||||
Hudson Pacific Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 556 | 8,362 | ||||||
Invitation Homes, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,345 | 91,525 | ||||||
Iron Mountain, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,116 | 54,115 | ||||||
JBG Smith Properties (Equity Real Estate Investment Trusts (REITs)) | 418 | 10,634 | ||||||
Jones Lang LaSalle, Inc.* (Real Estate Management & Development) | 188 | 35,846 | ||||||
Kilroy Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 403 | 21,835 | ||||||
Kimco Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 2,374 | 52,489 | ||||||
Lamar Advertising Co.—Class A (Equity Real Estate Investment Trusts (REITs)) | 335 | 33,855 | ||||||
Life Storage, Inc. (Equity Real Estate Investment Trusts (REITs)) | 324 | 40,788 | ||||||
LXP Industrial Trust (Equity Real Estate Investment Trusts (REITs)) | 1,101 | 12,078 | ||||||
Medical Properties Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,306 | 39,755 | ||||||
Mid-America Apartment Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 443 | 82,278 | ||||||
National Health Investors, Inc. (Equity Real Estate Investment Trusts (REITs)) | 176 | 11,412 | ||||||
National Retail Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 676 | 32,184 | ||||||
National Storage Affiliates Trust (Equity Real Estate Investment Trusts (REITs)) | 323 | 17,713 | ||||||
New Residential Investment Corp. (Mortgage Real Estate Investment Trusts (REITs)) | 1,793 | 19,562 | ||||||
Omega Healthcare Investors, Inc. (Equity Real Estate Investment Trusts (REITs)) | 903 | 27,993 | ||||||
Opendoor Technologies, Inc.* (Real Estate Management & Development) | 1,512 | 7,424 | ||||||
Orion Office REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 218 | 2,385 | ||||||
Physicians Realty Trust (Equity Real Estate Investment Trusts (REITs)) | 865 | 15,371 | ||||||
PotlatchDeltic Corp. (Equity Real Estate Investment Trusts (REITs)) | 267 | 13,091 | ||||||
Prologis, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,844 | 377,002 | ||||||
Public Storage (Equity Real Estate Investment Trusts (REITs)) | 587 | 191,603 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Real Estate UltraSector ProFund :: 153
Common Stocks, continued
Shares | Value | |||||||
Rayonier, Inc. (Equity Real Estate Investment Trusts (REITs)) | 562 | $ | 21,216 | |||||
Realty Income Corp. (Equity Real Estate Investment Trusts (REITs)) | 2,311 | 170,991 | ||||||
Redfin Corp.* (Real Estate Management & Development) | 412 | 3,584 | ||||||
Regency Centers Corp. (Equity Real Estate Investment Trusts (REITs)) | 596 | 38,400 | ||||||
Rexford Industrial Realty, Inc. (Equity Real Estate Investment Trusts (REITs)) | 634 | 41,470 | ||||||
Sabra Health Care REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 888 | 13,666 | ||||||
SBA Communications Corp. (Equity Real Estate Investment Trusts (REITs)) | 414 | 139,017 | ||||||
Simon Property Group, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,262 | 137,104 | ||||||
SL Green Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 246 | 12,214 | ||||||
Spirit Realty Capital, Inc. (Equity Real Estate Investment Trusts (REITs)) | 516 | 22,879 | ||||||
STAG Industrial, Inc. (Equity Real Estate Investment Trusts (REITs)) | 689 | 22,585 | ||||||
Starwood Property Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 1,179 | 27,848 | ||||||
STORE Capital Corp. (Equity Real Estate Investment Trusts (REITs)) | 970 | 28,149 | ||||||
Sun Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 467 | 76,569 | ||||||
The Howard Hughes Corp.* (Real Estate Management & Development) | 148 | 10,492 | ||||||
UDR, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,150 | 55,660 | ||||||
Ventas, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,536 | 82,606 | ||||||
VICI Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 3,700 | 126,503 | ||||||
Vornado Realty Trust (Equity Real Estate Investment Trusts (REITs)) | 611 | 18,568 | ||||||
Welltower, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,745 | 150,663 | ||||||
Weyerhaeuser Co. (Equity Real Estate Investment Trusts (REITs)) | 2,861 | 103,912 | ||||||
WP Carey, Inc. (Equity Real Estate Investment Trusts (REITs)) | 741 | 66,171 | ||||||
Zillow Group, Inc.*—Class A (Real Estate Management & Development) | 138 | 4,830 | ||||||
Zillow Group, Inc.*—Class C (Real Estate Management & Development) | 629 | 21,940 | ||||||
TOTAL COMMON STOCKS (Cost $2,613,750) | 5,360,268 |
Repurchase Agreements(a)(b) (24.1%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $1,769,321 | $ | 1,769,000 | $ | 1,769,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $1,769,000) | 1,769,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $4,382,750)—97.3% | 7,129,268 | |||||||
Net other assets (liabilities)—2.7% | 197,893 | |||||||
NET ASSETS—100.0% | $ | 7,327,161 |
* | Non-income producing security. |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $966,000. |
See accompanying notes to the financial statements.
154 :: Real Estate UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones U.S. Real Estate Index | Goldman Sachs International | 8/23/22 | 2.93 | % | $ | 2,293,789 | $ | 95,481 | ||||||||
Dow Jones U.S. Real Estate Index | UBS AG | 8/23/22 | 2.68 | % | 3,417,785 | 159,020 | ||||||||||
$ | 5,711,574 | $ | 254,501 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
Real Estate UltraSector ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Equity Real Estate Investment Trusts (REITs) | $ | 4,923,426 | 67.3 | % | ||||
Mortgage Real Estate Investment Trusts (REITs) | 134,289 | 1.8 | % | |||||
Professional Services | 110,482 | 1.5 | % | |||||
Real Estate Management & Development | 192,071 | 2.6 | % | |||||
Other** | 1,966,893 | 26.8 | % | |||||
Total | $ | 7,327,161 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Rising Rates Opportunity ProFund :: 155
Repurchase Agreements(a)(b) (89.4%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $41,188,477 | $ | 41,181,000 | $ | 41,181,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $41,181,000) | 41,181,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $41,181,000)—89.4% | 41,181,000 | |||||||
Net other assets (liabilities)—10.6% | 4,865,984 | |||||||
NET ASSETS—100.0% | $ | 46,046,984 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $2,250,000. |
Total Return Swap Agreements—Short
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
30-Year U.S. Treasury Bond, 2.875%, due 5/15/52 | Citibank North America | 8/15/22 | (2.15 | )% | $ | (47,618,364 | ) | $ | (416,060 | ) | ||||||
30-Year U.S. Treasury Bond, 2.875%, due 5/15/52 | Societe’ Generale | 8/15/22 | (2.07 | )% | (9,637,856 | ) | (108,074 | ) | ||||||||
$ | (57,256,220 | ) | $ | (524,134 | ) |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
156 :: Rising Rates Opportunity 10 ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Repurchase Agreements(a)(b) (103.0%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $3,806,691 | $ | 3,806,000 | $ | 3,806,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $3,806,000) | 3,806,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $3,806,000)—103.0% | 3,806,000 | |||||||
Net other assets (liabilities)—(3.0)% | (111,406 | ) | ||||||
NET ASSETS—100.0% | $ | 3,694,594 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $384,000. |
Total Return Swap Agreements—Short
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
10-Year U.S. Treasury Note, 2.875%, due 5/15/32 | Citibank North America | 8/15/22 | (2.10 | )% | $ | (1,994,759 | ) | $ | (84,678 | ) | ||||||
10-Year U.S. Treasury Note, 2.875%, due 5/15/32 | Societe’ Generale | 8/15/22 | (2.06 | )% | (1,679,262 | ) | (37,859 | ) | ||||||||
$ | (3,674,021 | ) | $ | (122,537 | ) |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Rising U.S. Dollar ProFund :: 157
Repurchase Agreements(a)(b) (102.1%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $47,854,687 | $ | 47,846,000 | $ | 47,846,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $47,846,000) | 47,846,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $47,846,000)—102.1% | 47,846,000 | |||||||
Net other assets (liabilities)—(2.1)% | (969,124 | ) | ||||||
NET ASSETS—100.0% | $ | 46,876,876 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of forward currency contract counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $1,194,000. |
As of July 31, 2022, the Rising U.S. Dollar ProFund’s forward currency contracts with Goldman Sachs International, were as follows:
Description and amount of currency purchased | Description and amount of currency sold | Delivery Date | Fair Value | Unrealized Appreciation/ (Depreciation) | ||||||||||||||||
Short: | ||||||||||||||||||||
U.S. dollar | $ | 2,012,540 | British pound | 1,689,588 | 8/5/22 | $ | 2,057,471 | $ | (44,931 | ) | ||||||||||
U.S. dollar | 1,596,816 | Canadian dollar | 2,079,878 | 8/5/22 | 1,624,389 | (27,573 | ) | |||||||||||||
U.S. dollar | 10,622,097 | Euro | 10,482,594 | 8/5/22 | 10,715,885 | (93,788 | ) | |||||||||||||
U.S. dollar | 2,361,947 | Japanese yen | 322,247,542 | 8/5/22 | 2,417,838 | (55,891 | ) | |||||||||||||
U.S. dollar | 854,682 | Swedish krona | 9,039,499 | 8/5/22 | 890,348 | (35,666 | ) | |||||||||||||
U.S. dollar | 726,570 | Swiss franc | 707,788 | 8/5/22 | 744,027 | (17,457 | ) | |||||||||||||
Total Short Contracts | $ | 18,174,652 | $ | 18,449,958 | $ | (275,306 | ) | |||||||||||||
Long: | ||||||||||||||||||||
British pound | 202,950 | U.S. dollar | $ | 247,175 | 8/5/22 | $ | 247,139 | $ | (36 | ) | ||||||||||
Canadian dollar | 182,261 | U.S. dollar | 142,335 | 8/5/22 | 142,346 | 11 | ||||||||||||||
Euro | 799,547 | U.S. dollar | 817,390 | 8/5/22 | 817,341 | (49 | ) | |||||||||||||
Japanese yen | 28,996,355 | U.S. dollar | 217,510 | 8/5/22 | 217,561 | 51 | ||||||||||||||
Swedish krona | 648,736 | U.S. dollar | 63,855 | 8/5/22 | 63,897 | 42 | ||||||||||||||
Swiss franc | 68,854 | U.S. dollar | 72,353 | 8/5/22 | 72,379 | 26 | ||||||||||||||
Total Long Contracts | $ | 1,560,618 | $ | 1,560,663 | $ | 45 |
As of July 31, 2022, the Rising U.S. Dollar ProFund’s forward currency contracts with UBS AG, were as follows:
Description and amount of currency purchased | Description and amount of currency sold | Delivery Date | Fair Value | Unrealized Appreciation/ (Depreciation) | ||||||||||||||||
Short: | ||||||||||||||||||||
U.S. dollar | $ | 4,455,530 | British pound | 3,728,809 | 8/5/22 | $ | 4,540,702 | $ | (85,172 | ) | ||||||||||
U.S. dollar | 3,337,601 | Canadian dollar | 4,344,011 | 8/5/22 | 3,392,681 | (55,080 | ) | |||||||||||||
U.S. dollar | 20,858,374 | Euro | 20,468,822 | 8/5/22 | 20,924,358 | (65,984 | ) | |||||||||||||
U.S. dollar | 5,026,441 | Japanese yen | 681,537,471 | 8/5/22 | 5,113,607 | (87,166 | ) | |||||||||||||
U.S. dollar | 1,400,050 | Swedish krona | 14,667,245 | 8/5/22 | 1,444,655 | (44,605 | ) | |||||||||||||
U.S. dollar | 1,243,918 | Swiss franc | 1,203,158 | 8/5/22 | 1,264,761 | (20,843 | ) | |||||||||||||
Total Short Contracts | $ | 36,321,914 | $ | 36,680,764 | $ | (358,850 | ) | |||||||||||||
Long: | ||||||||||||||||||||
British pound | 630,401 | U.S. dollar | $ | 760,118 | 8/5/22 | $ | 767,661 | $ | 7,543 | |||||||||||
Canadian dollar | 775,872 | U.S. dollar | 604,531 | 8/5/22 | 605,958 | 1,427 | ||||||||||||||
Euro | 3,717,478 | U.S. dollar | 3,804,995 | 8/5/22 | 3,800,211 | (4,784 | ) | |||||||||||||
Japanese yen | 124,214,801 | U.S. dollar | 910,009 | 8/5/22 | 931,989 | 21,980 | ||||||||||||||
Swedish krona | 3,036,801 | U.S. dollar | 298,183 | 8/5/22 | 299,111 | 928 | ||||||||||||||
Swiss franc | 234,385 | U.S. dollar | 243,298 | 8/5/22 | 246,386 | 3,088 | ||||||||||||||
Total Long Contracts | $ | 6,621,134 | $ | 6,651,316 | $ | 30,182 | ||||||||||||||
Total unrealized appreciation | $ | 35,096 | ||||||||||||||||||
Total unrealized (depreciation) | (639,025 | ) | ||||||||||||||||||
Total net unrealized appreciation/(depreciation) | $ | (603,929 | ) |
See accompanying notes to the financial statements.
158 :: Semiconductor UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (75.4%)
Shares | Value | |||||||
Advanced Micro Devices, Inc.* (Semiconductors & Semiconductor Equipment) | 41,023 | $ | 3,875,443 | |||||
Allegro MicroSystems, Inc.* (Semiconductors & Semiconductor Equipment) | 1,394 | 34,613 | ||||||
Amkor Technology, Inc. (Semiconductors & Semiconductor Equipment) | 2,541 | 51,252 | ||||||
Analog Devices, Inc. (Semiconductors & Semiconductor Equipment) | 13,248 | 2,278,126 | ||||||
Applied Materials, Inc. (Semiconductors & Semiconductor Equipment) | 22,363 | 2,370,031 | ||||||
Broadcom, Inc. (Semiconductors & Semiconductor Equipment) | 10,336 | 5,534,722 | ||||||
Cirrus Logic, Inc.* (Semiconductors & Semiconductor Equipment) | 1,450 | 123,917 | ||||||
Enphase Energy, Inc.* (Semiconductors & Semiconductor Equipment) | 3,418 | 971,327 | ||||||
Entegris, Inc. (Semiconductors & Semiconductor Equipment) | 3,764 | 413,664 | ||||||
GLOBALFOUNDRIES, Inc.*(a) (Semiconductors & Semiconductor Equipment) | 1,346 | 69,292 | ||||||
Intel Corp. (Semiconductors & Semiconductor Equipment) | 103,512 | 3,758,521 | ||||||
KLA Corp. (Semiconductors & Semiconductor Equipment) | 3,778 | 1,449,014 | ||||||
Lam Research Corp. (Semiconductors & Semiconductor Equipment) | 3,512 | 1,757,791 | ||||||
Lattice Semiconductor Corp.* (Semiconductors & Semiconductor Equipment) | 3,484 | 214,266 | ||||||
Marvell Technology, Inc. (Semiconductors & Semiconductor Equipment) | 21,535 | 1,199,069 | ||||||
Microchip Technology, Inc. (Semiconductors & Semiconductor Equipment) | 14,075 | 969,205 | ||||||
Micron Technology, Inc. (Semiconductors & Semiconductor Equipment) | 28,268 | 1,748,658 | ||||||
MKS Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 1,409 | 166,544 | ||||||
Monolithic Power Systems, Inc. (Semiconductors & Semiconductor Equipment) | 1,110 | 515,839 | ||||||
NVIDIA Corp. (Semiconductors & Semiconductor Equipment) | 63,388 | 11,513,163 | ||||||
NXP Semiconductors N.V. (Semiconductors & Semiconductor Equipment) | 6,647 | 1,222,250 | ||||||
ON Semiconductor Corp.* (Semiconductors & Semiconductor Equipment) | 10,999 | 734,513 | ||||||
Power Integrations, Inc. (Semiconductors & Semiconductor Equipment) | 1,476 | 125,475 | ||||||
Qorvo, Inc.* (Semiconductors & Semiconductor Equipment) | 2,745 | 285,672 | ||||||
Qualcomm, Inc. (Semiconductors & Semiconductor Equipment) | 28,352 | 4,112,741 | ||||||
Semtech Corp.* (Semiconductors & Semiconductor Equipment) | 1,607 | 100,164 | ||||||
Silicon Laboratories, Inc.* (Semiconductors & Semiconductor Equipment) | 926 | 136,566 | ||||||
Skyworks Solutions, Inc. (Semiconductors & Semiconductor Equipment) | 4,074 | 443,577 | ||||||
SolarEdge Technologies, Inc.* (Semiconductors & Semiconductor Equipment) | 1,402 | 504,902 | ||||||
Teradyne, Inc. (Semiconductors & Semiconductor Equipment) | 4,055 | 409,109 | ||||||
Texas Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 23,344 | 4,176,008 | ||||||
Universal Display Corp. (Semiconductors & Semiconductor Equipment) | 1,100 | 127,006 | ||||||
Wolfspeed, Inc.* (Semiconductors & Semiconductor Equipment) | 3,130 | 260,729 | ||||||
TOTAL COMMON STOCKS (Cost $14,036,751) | 51,653,169 |
Repurchase Agreements(b)(c) (21.0%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $14,420,618 | $ | 14,418,000 | $ | 14,418,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $14,418,000) | 14,418,000 |
Collateral for Securities Loaned(d) (0.1%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(e) | 65,233 | $ | 65,233 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $65,233) | 65,233 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $28,519,984)—96.5% | 66,136,402 | |||||||
Net other assets (liabilities)—3.5% | 2,429,995 | |||||||
NET ASSETS—100.0% | $ | 68,566,397 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $69,241. |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $9,138,000. |
(d) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(e) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Semiconductor UltraSector ProFund :: 159
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones U.S. Semiconductors Index | Goldman Sachs International | 8/23/22 | 2.93 | % | $ | 26,128,558 | $ | 1,143,861 | ||||||||
Dow Jones U.S. Semiconductors Index | UBS AG | 8/23/22 | 2.68 | % | 24,941,837 | 1,124,972 | ||||||||||
$ | 51,070,395 | $ | 2,268,833 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
Semiconductor UltraSector ProFund invested in the following industries as of July 31, 2022:
% of | ||||||||
Value | Net Assets | |||||||
Semiconductors & Semiconductor Equipment | $ | 51,653,169 | 75.4 | % | ||||
Other** | 16,913,228 | 24.6 | % | |||||
Total | $ | 68,566,397 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
160 :: Short Bitcoin Strategy ProFund :: Consolidated Schedule of Portfolio Investments :: July 31, 2022
U.S. Treasury Obligation (98.6%)
Principal Amount | Value | |||||||
U.S. Treasury Bills, 1.98%+, 8/18/22^ | $ | 400,000 | $ | 399,605 | ||||
TOTAL U.S. TREASURY OBLIGATION (Cost $399,688) | 399,605 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $399,688)—98.6% | 399,605 | |||||||
Reverse Repurchase Agreements Including accrued interest—(98.6)% | (399,702 | ) | ||||||
Net other assets (liabilities)—100.0% | 405,506 | |||||||
NET ASSETS—100.0% | $ | 405,409 |
+ | Reflects the effective yield or interest rate in effect at July 31, 2022. |
^ | $399,605 of this security has been pledged as collateral for reverse repurchase agreements. |
Futures Contracts Sold
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||
CME Bitcoin Futures Contracts | 3 | 8/29/22 | $ | (359,850 | ) | $ | (873 | ) | ||||
CME Micro Bitcoin Futures Contracts | 19 | 8/29/22 | (45,581 | ) | (181 | ) | ||||||
$ | (405,431 | ) | $ | (1,054 | ) |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Short Nasdaq-100 ProFund :: 161
Repurchase Agreements(a)(b) (99.1%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $79,347,405 | $ | 79,333,000 | $ | 79,333,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $79,333,000) | 79,333,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $79,333,000)—99.1% | 79,333,000 | |||||||
Net other assets (liabilities)—0.9% | 704,510 | |||||||
NET ASSETS—100.0% | $ | 80,037,510 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $10,341,000. |
Futures Contracts Sold
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||
E-Mini Nasdaq-100 Futures Contracts | 10 | 9/19/22 | $ | (2,594,300 | ) | $ | (168,772 | ) |
Total Return Swap Agreements—Short
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Nasdaq-100 Index | Goldman Sachs International | 8/29/22 | (2.68 | )% | $ | (68,482,514 | ) | $ | (1,857,215 | ) | ||||||
Nasdaq-100 Index | UBS AG | 8/29/22 | (2.48 | )% | (9,024,735 | ) | (241,587 | ) | ||||||||
$ | (77,507,249 | ) | $ | (2,098,802 | ) |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
162 :: Short Oil & Gas ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Repurchase Agreements(a)(b) (140.4%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $3,015,547 | $ | 3,015,000 | $ | 3,015,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $3,015,000) | 3,015,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $3,015,000)—140.4% | 3,015,000 | |||||||
Net other assets (liabilities)—(40.4)% | (867,853 | ) | ||||||
NET ASSETS—100.0% | $ | 2,147,147 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $699,000. |
Total Return Swap Agreements—Short
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones U.S. Oil & Gas Index | Goldman Sachs International | 8/23/22 | (2.43 | )% | $ | (1,021,955 | ) | $ | (70,218 | ) | ||||||
Dow Jones U.S. Oil & Gas Index | UBS AG | 8/23/22 | (2.18 | )% | (1,128,873 | ) | (129,666 | ) | ||||||||
$ | (2,150,828 | ) | $ | (199,884 | ) |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Short Precious Metals ProFund :: 163
Repurchase Agreements(a)(b) (94.2%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $1,968,357 | $ | 1,968,000 | $ | 1,968,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $1,968,000) | 1,968,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $1,968,000)—94.2% | 1,968,000 | |||||||
Net other assets (liabilities)—5.8% | 120,926 | |||||||
NET ASSETS—100.0% | $ | 2,088,926 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $812,000. |
Total Return Swap Agreements—Short
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones Precious Metals Index | Goldman Sachs International | 8/23/22 | (2.43 | )% | $ | (1,401,242 | ) | $ | (129,520 | ) | ||||||
Dow Jones Precious Metals Index | UBS AG | 8/23/22 | (2.08 | )% | (1,134,319 | ) | (130,653 | ) | ||||||||
$ | (2,535,561 | ) | $ | (260,173 | ) |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
164 :: Short Real Estate ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Repurchase Agreements(a)(b) (110.5%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $2,088,379 | $ | 2,088,000 | $ | 2,088,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $2,088,000) | 2,088,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $2,088,000)—110.5% | 2,088,000 | |||||||
Net other assets (liabilities)—(10.5)% | (198,819 | ) | ||||||
NET ASSETS—100.0% | $ | 1,889,181 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $415,000. |
Total Return Swap Agreements—Short
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones U.S. Real Estate Index | Goldman Sachs International | 8/23/22 | (2.43 | )% | $ | (920,621 | ) | $ | (51,560 | ) | ||||||
Dow Jones U.S. Real Estate Index | UBS AG | 8/23/22 | (2.08 | )% | (978,062 | ) | (50,290 | ) | ||||||||
$ | (1,898,683 | ) | $ | (101,850 | ) |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Short Small-Cap ProFund :: 165
Repurchase Agreements(a)(b) (106.0%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $1,669,303 | $ | 1,669,000 | $ | 1,669,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $1,669,000) | 1,669,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $1,669,000)—106.0% | 1,669,000 | |||||||
Net other assets (liabilities)—(6.0)% | (95,115 | ) | ||||||
NET ASSETS—100.0% | $ | 1,573,885 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $411,000. |
Futures Contracts Sold
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||
E-Mini Russell 2000 Index Futures Contracts | 3 | 9/19/22 | $ | (282,795 | ) | $ | (21,044 | ) |
Total Return Swap Agreements—Short
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Russell 2000 Index | Goldman Sachs International | 8/29/22 | (2.33 | )% | $ | (324,260 | ) | $ | (8,952 | ) | ||||||
Russell 2000 Index | UBS AG | 8/29/22 | (1.83 | )% | (953,926 | ) | (18,684 | ) | ||||||||
$ | (1,278,186 | ) | $ | (27,636 | ) |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
166 :: Small-Cap Growth ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (99.7%)
Shares | Value | |||||||
3D Systems Corp.* (Technology Hardware, Storage & Peripherals) | 3,227 | $ | 36,917 | |||||
8x8, Inc.* (Software) | 2,933 | 14,342 | ||||||
A10 Networks, Inc. (Software) | 1,448 | 21,590 | ||||||
AAON, Inc. (Building Products) | 696 | 41,878 | ||||||
Abercrombie & Fitch Co.* (Specialty Retail) | 587 | 10,454 | ||||||
Academy Sports & Outdoors, Inc. (Leisure Products) | 1,249 | 53,744 | ||||||
Acadia Realty Trust (Equity Real Estate Investment Trusts (REITs)) | 1,035 | 17,730 | ||||||
Addus HomeCare Corp.* (Health Care Providers & Services) | 170 | 15,778 | ||||||
ADTRAN Holdings, Inc. (Communications Equipment) | 1,911 | 46,036 | ||||||
Advanced Energy Industries, Inc. (Semiconductors & Semiconductor Equipment) | 929 | 83,136 | ||||||
AdvanSix, Inc. (Chemicals) | 376 | 14,773 | ||||||
Aerojet Rocketdyne Holdings, Inc.* (Aerospace & Defense) | 963 | 42,074 | ||||||
AeroVironment, Inc.* (Aerospace & Defense) | 310 | 26,858 | ||||||
Agilysys, Inc.* (Software) | 306 | 14,780 | ||||||
Agree Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 838 | 66,696 | ||||||
Alamo Group, Inc. (Machinery) | 103 | 13,329 | ||||||
Alarm.com Holdings, Inc.* (Software) | 1,140 | 80,678 | ||||||
Albany International Corp.—Class A (Machinery) | 389 | 35,504 | ||||||
Allegheny Technologies, Inc.* (Metals & Mining) | 1,384 | 34,447 | ||||||
Allscripts Healthcare Solutions, Inc.* (Health Care Technology) | 1,121 | 17,734 | ||||||
Alpha & Omega Semiconductor, Ltd.* (Semiconductors & Semiconductor Equipment) | 411 | 17,266 | ||||||
American Assets Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 562 | 16,989 | ||||||
American States Water Co. (Water Utilities) | 604 | 52,650 | ||||||
Ameris Bancorp (Banks) | 930 | 43,980 | ||||||
AMN Healthcare Services, Inc.* (Health Care Providers & Services) | 1,106 | 124,359 | ||||||
Amphastar Pharmaceuticals, Inc.* (Pharmaceuticals) | 633 | 23,668 | ||||||
AngioDynamics, Inc.* (Health Care Equipment & Supplies) | 961 | 21,805 | ||||||
ANI Pharmaceuticals, Inc.* (Pharmaceuticals) | 192 | 6,576 | ||||||
Anika Therapeutics, Inc.* (Health Care Equipment & Supplies) | 194 | 4,532 | ||||||
Apollo Medical Holdings, Inc.* (Health Care Providers & Services) | 944 | 50,060 | ||||||
Applied Industrial Technologies, Inc. (Trading Companies & Distributors) | 408 | 41,040 | ||||||
ArcBest Corp. (Road & Rail) | 605 | 53,603 | ||||||
Arcus Biosciences, Inc.* (Biotechnology) | 1,153 | 30,658 | ||||||
Arlo Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 1,204 | 8,464 | ||||||
Armada Hoffler Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,024 | 14,520 | ||||||
Asbury Automotive Group, Inc.* (Specialty Retail) | 246 | 42,223 | ||||||
Assured Guaranty, Ltd. (Insurance) | 666 | 38,888 | ||||||
Avid Bioservices, Inc.* (Biotechnology) | 1,530 | 30,065 | ||||||
Axcelis Technologies, Inc.* (Semiconductors & Semiconductor Equipment) | 819 | 57,600 | ||||||
Axos Financial, Inc.*—Class I (Thrifts & Mortgage Finance) | 1,330 | 55,541 | ||||||
B Riley Financial, Inc. (Capital Markets) | 400 | 20,616 | ||||||
Badger Meter, Inc. (Electronic Equipment, Instruments & Components) | 471 | 45,305 | ||||||
Balchem Corp. (Chemicals) | 795 | 107,929 | ||||||
Banc of California, Inc. (Banks) | 591 | 10,348 | ||||||
BancFirst Corp. (Banks) | 248 | 26,633 | ||||||
Banner Corp. (Banks) | 366 | 22,688 | ||||||
BioLife Solutions, Inc.* (Health Care Equipment & Supplies) | 757 | 14,587 | ||||||
Blucora, Inc.* (Capital Markets) | 516 | 10,320 | ||||||
Boise Cascade Co. (Trading Companies & Distributors) | 470 | 33,234 | ||||||
Boot Barn Holdings, Inc.* (Specialty Retail) | 737 | 45,915 | ||||||
Brady Corp.—Class A (Commercial Services & Supplies) | 546 | 26,126 | ||||||
Brightsphere Investment Group, Inc. (Capital Markets) | 801 | 15,147 | ||||||
Brookline Bancorp, Inc. (Banks) | 844 | 11,673 | ||||||
California Water Service Group (Water Utilities) | 784 | 47,103 | ||||||
Callon Petroleum Co.* (Oil, Gas & Consumable Fuels) | 1,178 | 54,235 | ||||||
Cara Therapeutics, Inc.* (Biotechnology) | 1,047 | 9,151 | ||||||
Cardiovascular Systems, Inc.* (Health Care Equipment & Supplies) | 424 | 6,534 | ||||||
CareTrust REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,129 | 23,314 | ||||||
Cars.com, Inc.* (Interactive Media & Services) | 792 | 9,314 | ||||||
Cavco Industries, Inc.* (Household Durables) | 213 | 54,909 | ||||||
Celsius Holdings, Inc.* (Beverages) | 951 | 84,601 | ||||||
Centerspace (Equity Real Estate Investment Trusts (REITs)) | 243 | 20,871 | ||||||
Central Pacific Financial Corp. (Banks) | 424 | 10,040 | ||||||
Century Aluminum Co.* (Metals & Mining) | 567 | 4,474 | ||||||
Century Communities, Inc. (Household Durables) | 718 | 36,740 | ||||||
Cerence, Inc.* (Software) | 508 | 14,310 | ||||||
CEVA, Inc.* (Semiconductors & Semiconductor Equipment) | 576 | 21,444 | ||||||
Chesapeake Utilities Corp. (Gas Utilities) | 228 | 31,266 | ||||||
Cinemark Holdings, Inc.* (Entertainment) | 1,382 | 25,332 | ||||||
City Holding Co. (Banks) | 177 | 15,362 | ||||||
Civitas Resources, Inc. (Oil, Gas & Consumable Fuels) | 1,790 | 105,539 | ||||||
Cogent Communications Holdings, Inc. (Diversified Telecommunication Services) | 706 | 45,050 | ||||||
Coherus Biosciences, Inc.* (Biotechnology) | 1,593 | 13,493 | ||||||
Cohu, Inc.* (Semiconductors & Semiconductor Equipment) | 700 | 20,006 | ||||||
Collegium Pharmaceutical, Inc.* (Pharmaceuticals) | 843 | 14,491 | ||||||
Comfort Systems USA, Inc. (Construction & Engineering) | 891 | 94,143 | ||||||
Community Bank System, Inc. (Banks) | 613 | 41,273 | ||||||
Community Health Systems, Inc.* (Health Care Providers & Services) | 3,139 | 9,354 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Small-Cap Growth ProFund :: 167
Common Stocks, continued
Shares | Value | |||||||
Community Healthcare Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 344 | $ | 13,399 | |||||
CONMED Corp. (Health Care Equipment & Supplies) | 468 | 45,691 | ||||||
Corcept Therapeutics, Inc.* (Pharmaceuticals) | 1,446 | 41,442 | ||||||
Core Laboratories N.V. (Energy Equipment & Services) | 482 | 9,129 | ||||||
Corsair Gaming, Inc.* (Technology Hardware, Storage & Peripherals) | 322 | 4,540 | ||||||
CorVel Corp.* (Health Care Providers & Services) | 230 | 37,925 | ||||||
Cross Country Healthcare, Inc.* (Health Care Providers & Services) | 881 | 23,223 | ||||||
CSG Systems International, Inc. (IT Services) | 456 | 29,754 | ||||||
CTS Corp. (Electronic Equipment, Instruments & Components) | 404 | 16,435 | ||||||
Customers Bancorp, Inc.* (Banks) | 751 | 28,681 | ||||||
Cutera, Inc.* (Health Care Equipment & Supplies) | 257 | 11,930 | ||||||
Cytokinetics, Inc.* (Biotechnology) | 2,120 | 89,739 | ||||||
Dave & Buster's Entertainment, Inc.* (Hotels, Restaurants & Leisure) | 434 | 16,214 | ||||||
Diebold Nixdorf, Inc.* (Technology Hardware, Storage & Peripherals) | 1,819 | 5,875 | ||||||
Digi International, Inc.* (Communications Equipment) | 408 | 11,624 | ||||||
Digital Turbine, Inc.* (Software) | 2,186 | 43,873 | ||||||
Dime Community Bancshares, Inc. (Banks) | 384 | 13,087 | ||||||
Dine Brands Global, Inc. (Hotels, Restaurants & Leisure) | 224 | 15,973 | ||||||
Diodes, Inc.* (Semiconductors & Semiconductor Equipment) | 1,120 | 91,135 | ||||||
Donnelley Financial Solutions, Inc.* (Capital Markets) | 694 | 23,589 | ||||||
Dorian LPG, Ltd. (Oil, Gas & Consumable Fuels) | 687 | 11,074 | ||||||
Dorman Products, Inc.* (Auto Components) | 470 | 47,512 | ||||||
Douglas Elliman, Inc. (Real Estate Management & Development) | 1,710 | 10,260 | ||||||
Dynavax Technologies Corp.* (Biotechnology) | 2,910 | 41,846 | ||||||
Eagle Bancorp, Inc. (Banks) | 470 | 23,044 | ||||||
Eagle Pharmaceuticals, Inc.* (Biotechnology) | 137 | 5,439 | ||||||
elf Beauty, Inc.* (Personal Products) | 1,190 | 39,901 | ||||||
Ellington Financial, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 617 | 9,903 | ||||||
Enanta Pharmaceuticals, Inc.* (Biotechnology) | 275 | 15,166 | ||||||
Encore Capital Group, Inc.* (Consumer Finance) | 287 | 20,787 | ||||||
Encore Wire Corp. (Electrical Equipment) | 490 | 67,850 | ||||||
Enerpac Tool Group Corp. (Machinery) | 721 | 14,636 | ||||||
Enova International, Inc.* (Consumer Finance) | 808 | 27,884 | ||||||
Essential Properties Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,689 | 40,739 | ||||||
EVERTEC, Inc. (IT Services) | 986 | 38,444 | ||||||
ExlService Holdings, Inc.* (IT Services) | 825 | 138,905 | ||||||
Exponent, Inc. (Professional Services) | 1,285 | 129,129 | ||||||
Extreme Networks, Inc.* (Communications Equipment) | 3,241 | 42,392 | ||||||
Fabrinet* (Electronic Equipment, Instruments & Components) | 910 | 87,415 | ||||||
FARO Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 218 | 7,089 | ||||||
FB Financial Corp. (Banks) | 420 | 17,997 | ||||||
Federal Signal Corp. (Machinery) | 916 | 38,032 | ||||||
First Bancorp (Banks) | 428 | 16,213 | ||||||
First Bancorp (Banks) | 4,892 | 73,820 | ||||||
First Commonwealth Financial Corp. (Banks) | 1,287 | 19,073 | ||||||
Flagstar Bancorp, Inc. (Thrifts & Mortgage Finance) | 1,322 | 54,466 | ||||||
FormFactor, Inc.* (Semiconductors & Semiconductor Equipment) | 1,218 | 43,312 | ||||||
Forrester Research, Inc.* (Professional Services) | 271 | 12,599 | ||||||
Forward Air Corp. (Air Freight & Logistics) | 665 | 69,778 | ||||||
Four Corners Property Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 976 | 28,528 | ||||||
Franklin Electric Co., Inc. (Machinery) | 647 | 58,761 | ||||||
Frontdoor, Inc.* (Diversified Consumer Services) | 838 | 22,433 | ||||||
Fulgent Genetics, Inc.* (Health Care Providers & Services) | 487 | 29,098 | ||||||
Gannett Co., Inc.* (Media) | 1,381 | 4,157 | ||||||
Genesco, Inc.* (Specialty Retail) | 154 | 8,632 | ||||||
Gentherm, Inc.* (Auto Components) | 822 | 53,068 | ||||||
Getty Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 465 | 13,643 | ||||||
Gibraltar Industries, Inc.* (Building Products) | 382 | 17,874 | ||||||
Glaukos Corp.* (Health Care Equipment & Supplies) | 608 | 32,741 | ||||||
GMS, Inc.* (Trading Companies & Distributors) | 597 | 31,683 | ||||||
Gogo, Inc.* (Wireless Telecommunication Services) | 829 | 14,391 | ||||||
Golden Entertainment, Inc.* (Hotels, Restaurants & Leisure) | 337 | 14,784 | ||||||
Green Brick Partners, Inc.* (Household Durables) | 533 | 14,284 | ||||||
H.B. Fuller Co. (Chemicals) | 604 | 38,777 | ||||||
Hanmi Financial Corp. (Banks) | 423 | 10,689 | ||||||
Harmonic, Inc.* (Communications Equipment) | 2,587 | 28,250 | ||||||
Harmony Biosciences Holdings, Inc.* (Pharmaceuticals) | 320 | 16,234 | ||||||
Hawkins, Inc. (Chemicals) | 249 | 9,898 | ||||||
Haynes International, Inc. (Metals & Mining) | 175 | 6,766 | ||||||
HCI Group, Inc. (Insurance) | 196 | 13,420 | ||||||
HealthStream, Inc.* (Health Care Technology) | 327 | 7,868 | ||||||
Heidrick & Struggles International, Inc. (Professional Services) | 490 | 15,259 | ||||||
Heska Corp.* (Health Care Equipment & Supplies) | 266 | 24,336 | ||||||
Hibbett, Inc. (Specialty Retail) | 303 | 14,217 | ||||||
Hillenbrand, Inc. (Machinery) | 959 | 44,306 | ||||||
Hilltop Holdings, Inc. (Banks) | 627 | 18,089 | ||||||
HomeStreet, Inc. (Thrifts & Mortgage Finance) | 465 | 17,340 | ||||||
Ichor Holdings, Ltd.* (Semiconductors & Semiconductor Equipment) | 404 | 12,629 | ||||||
Independent Bank Corp. (Banks) | 486 | 40,727 | ||||||
Industrial Logistics Properties Trust (Equity Real Estate Investment Trusts (REITs)) | 665 | 6,670 |
See accompanying notes to the financial statements.
168 :: Small-Cap Growth ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Innovative Industrial Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 692 | $ | 66,716 | |||||
Innoviva, Inc.* (Pharmaceuticals) | 1,555 | 22,299 | ||||||
Installed Building Products, Inc. (Household Durables) | 573 | 58,114 | ||||||
Insteel Industries, Inc. (Building Products) | 482 | 15,087 | ||||||
Inter Parfums, Inc. (Personal Products) | 442 | 36,894 | ||||||
InterDigital, Inc. (Communications Equipment) | 397 | 24,372 | ||||||
Interface, Inc. (Commercial Services & Supplies) | 663 | 9,607 | ||||||
iRobot Corp.* (Household Durables) | 368 | 16,932 | ||||||
Ironwood Pharmaceuticals, Inc.* (Biotechnology) | 2,858 | 32,724 | ||||||
iStar, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,148 | 19,183 | ||||||
iTeos Therapeutics, Inc.* (Biotechnology) | 504 | 12,328 | ||||||
J & J Snack Foods Corp. (Food Products) | 162 | 21,953 | ||||||
Jack in the Box, Inc. (Hotels, Restaurants & Leisure) | 359 | 24,821 | ||||||
John Bean Technologies Corp. (Machinery) | 504 | 56,604 | ||||||
KKR Real Estate Finance Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 480 | 9,355 | ||||||
Knowles Corp.* (Electronic Equipment, Instruments & Components) | 909 | 17,953 | ||||||
Kontoor Brands, Inc. (Textiles, Apparel & Luxury Goods) | 587 | 21,426 | ||||||
Korn Ferry (Professional Services) | 1,335 | 87,456 | ||||||
Kulicke & Soffa Industries, Inc. (Semiconductors & Semiconductor Equipment) | 1,465 | 70,496 | ||||||
Lakeland Financial Corp. (Banks) | 625 | 48,625 | ||||||
Lantheus Holdings, Inc.* (Health Care Equipment & Supplies) | 1,003 | 76,950 | ||||||
Laredo Petroleum, Inc.* (Oil, Gas & Consumable Fuels) | 241 | 21,369 | ||||||
LCI Industries (Auto Components) | 422 | 57,008 | ||||||
Lemaitre Vascular, Inc. (Health Care Equipment & Supplies) | 478 | 24,067 | ||||||
LGI Homes, Inc.* (Household Durables) | 516 | 58,204 | ||||||
Ligand Pharmaceuticals, Inc.* (Biotechnology) | 418 | 38,469 | ||||||
Lindsay Corp. (Machinery) | 159 | 24,480 | ||||||
Liquidity Services, Inc.* (Internet & Direct Marketing Retail) | 662 | 13,326 | ||||||
Livent Corp.* (Chemicals) | 4,006 | 99,709 | ||||||
LivePerson, Inc.* (Software) | 1,063 | 14,499 | ||||||
LiveRamp Holdings, Inc.* (IT Services) | 1,689 | 44,944 | ||||||
LXP Industrial Trust (Equity Real Estate Investment Trusts (REITs)) | 3,549 | 38,933 | ||||||
Marcus & Millichap, Inc. (Real Estate Management & Development) | 341 | 13,954 | ||||||
MarineMax, Inc.* (Specialty Retail) | 532 | 21,727 | ||||||
Materion Corp. (Metals & Mining) | 295 | 24,172 | ||||||
Matson, Inc. (Marine) | 1,004 | 92,037 | ||||||
MaxLinear, Inc.*—Class A (Semiconductors & Semiconductor Equipment) | 1,762 | 71,202 | ||||||
Medifast, Inc. (Personal Products) | 285 | 47,934 | ||||||
Meridian Bioscience, Inc.* (Health Care Equipment & Supplies) | 691 | 21,877 | ||||||
Merit Medical Systems, Inc.* (Health Care Equipment & Supplies) | 722 | 41,501 | ||||||
Meritage Homes Corp.* (Household Durables) | 425 | 37,528 | ||||||
Mesa Laboratories, Inc. (Health Care Equipment & Supplies) | 77 | 16,420 | ||||||
Meta Financial Group, Inc. (Thrifts & Mortgage Finance) | 728 | 24,548 | ||||||
Methode Electronics, Inc. (Electronic Equipment, Instruments & Components) | 401 | 16,537 | ||||||
MGP Ingredients, Inc. (Beverages) | 311 | 32,711 | ||||||
Middlesex Water Co. (Water Utilities) | 300 | 28,533 | ||||||
ModivCare, Inc.* (Health Care Providers & Services) | 173 | 17,265 | ||||||
Monarch Casino & Resort, Inc.* (Hotels, Restaurants & Leisure) | 327 | 20,977 | ||||||
Monro, Inc. (Specialty Retail) | 357 | 17,904 | ||||||
Movado Group, Inc. (Textiles, Apparel & Luxury Goods) | 399 | 13,558 | ||||||
Mueller Industries, Inc. (Machinery) | 1,411 | 95,002 | ||||||
Myers Industries, Inc. (Containers & Packaging) | 386 | 9,391 | ||||||
MYR Group, Inc.* (Construction & Engineering) | 420 | 39,997 | ||||||
Myriad Genetics, Inc.* (Biotechnology) | 1,035 | 27,303 | ||||||
National Bank Holdings Corp. (Banks) | 432 | 17,980 | ||||||
National Beverage Corp. (Beverages) | 329 | 17,825 | ||||||
National Vision Holdings, Inc.* (Specialty Retail) | 908 | 26,459 | ||||||
Nektar Therapeutics* (Pharmaceuticals) | 2,079 | 8,233 | ||||||
NeoGenomics, Inc.* (Life Sciences Tools & Services) | 1,697 | 17,174 | ||||||
Nexpoint Residential Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 573 | 38,127 | ||||||
Northfield Bancorp, Inc. (Thrifts & Mortgage Finance) | 617 | 9,082 | ||||||
NV5 Global, Inc.* (Construction & Engineering) | 295 | 40,002 | ||||||
OFG Bancorp (Banks) | 603 | 16,564 | ||||||
OneSpan, Inc.* (Software) | 418 | 4,627 | ||||||
Onto Innovation, Inc.* (Semiconductors & Semiconductor Equipment) | 1,228 | 102,232 | ||||||
OptimizeRx Corp.* (Health Care Technology) | 451 | 10,134 | ||||||
Organogenesis Holdings, Inc.* (Biotechnology) | 1,569 | 9,006 | ||||||
OSI Systems, Inc.* (Electronic Equipment, Instruments & Components) | 167 | 16,144 | ||||||
Oxford Industries, Inc. (Textiles, Apparel & Luxury Goods) | 243 | 23,182 | ||||||
Pacific Premier Bancorp, Inc. (Banks) | 1,035 | 34,817 | ||||||
Pacira BioSciences, Inc.* (Pharmaceuticals) | 686 | 38,800 | ||||||
Palomar Holdings, Inc.* (Insurance) | 591 | 36,861 | ||||||
Park Aerospace Corp. (Aerospace & Defense) | 212 | 2,586 | ||||||
Park National Corp. (Banks) | 225 | 29,151 | ||||||
Patrick Industries, Inc. (Auto Components) | 253 | 15,362 | ||||||
PDF Solutions, Inc.* (Semiconductors & Semiconductor Equipment) | 462 | 12,465 | ||||||
Perficient, Inc.* (IT Services) | 858 | 90,536 | ||||||
PGT Innovations, Inc.* (Building Products) | 668 | 14,629 | ||||||
Piper Sandler Cos. (Capital Markets) | 351 | 44,297 | ||||||
Plantronics, Inc.* (Communications Equipment) | 509 | 20,253 | ||||||
Preferred Bank (Banks) | 337 | 24,500 | ||||||
Prestige Consumer Healthcare, Inc.* (Pharmaceuticals) | 661 | 39,865 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Small-Cap Growth ProFund :: 169
Common Stocks, continued
Shares | Value | |||||||
Progress Software Corp. (Software) | 1,085 | $ | 50,952 | |||||
Provident Financial Services, Inc. (Thrifts & Mortgage Finance) | 859 | 20,925 | ||||||
Quaker Chemical Corp. (Chemicals) | 194 | 31,469 | ||||||
RadNet, Inc.* (Health Care Providers & Services) | 1,153 | 23,717 | ||||||
Rambus, Inc.* (Semiconductors & Semiconductor Equipment) | 2,729 | 68,989 | ||||||
Ranger Oil Corp. (Oil, Gas & Consumable Fuels) | 524 | 19,943 | ||||||
Redwood Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 2,979 | 25,798 | ||||||
REGENXBIO, Inc.* (Biotechnology) | 424 | 13,301 | ||||||
Rent-A-Center, Inc. (Specialty Retail) | 642 | 15,106 | ||||||
Retail Opportunity Investments Corp. (Equity Real Estate Investment Trusts (REITs)) | 1,509 | 26,347 | ||||||
Rogers Corp.* (Electronic Equipment, Instruments & Components) | 465 | 125,201 | ||||||
RPT Realty (Equity Real Estate Investment Trusts (REITs)) | 1,074 | 11,674 | ||||||
Safehold, Inc. (Equity Real Estate Investment Trusts (REITs)) | 384 | 16,374 | ||||||
Sally Beauty Holdings, Inc.* (Specialty Retail) | 1,165 | 14,889 | ||||||
Saul Centers, Inc. (Equity Real Estate Investment Trusts (REITs)) | 224 | 11,711 | ||||||
Seacoast Banking Corp. of Florida (Banks) | 787 | 28,159 | ||||||
Selectquote, Inc.* (Insurance) | 1,514 | 2,786 | ||||||
ServisFirst Bancshares, Inc. (Banks) | 1,209 | 103,310 | ||||||
Shake Shack, Inc.*—Class A (Hotels, Restaurants & Leisure) | 533 | 27,429 | ||||||
Shoe Carnival, Inc. (Specialty Retail) | 424 | 9,247 | ||||||
Shutterstock, Inc. (Internet & Direct Marketing Retail) | 576 | 32,544 | ||||||
Signet Jewelers, Ltd. (Specialty Retail) | 1,175 | 71,629 | ||||||
Simulations Plus, Inc. (Health Care Technology) | 234 | 15,011 | ||||||
SITE Centers Corp. (Equity Real Estate Investment Trusts (REITs)) | 2,477 | 36,189 | ||||||
Six Flags Entertainment Corp.* (Hotels, Restaurants & Leisure) | 943 | 21,378 | ||||||
Sleep Number Corp.* (Specialty Retail) | 551 | 24,828 | ||||||
SM Energy Co. (Oil, Gas & Consumable Fuels) | 3,019 | 124,625 | ||||||
SMART Global Holdings, Inc.* (Semiconductors & Semiconductor Equipment) | 714 | 14,009 | ||||||
Sonos, Inc.* (Household Durables) | 1,553 | 34,337 | ||||||
Southside Bancshares, Inc. (Banks) | 501 | 20,010 | ||||||
SPS Commerce, Inc.* (Software) | 894 | 107,066 | ||||||
SPX Corp.* (Machinery) | 477 | 28,205 | ||||||
Standex International Corp. (Machinery) | 144 | 13,980 | ||||||
Steven Madden, Ltd. (Textiles, Apparel & Luxury Goods) | 1,247 | 39,529 | ||||||
Stewart Information Services Corp. (Insurance) | 328 | 17,925 | ||||||
Stride, Inc.* (Diversified Consumer Services) | 508 | 22,698 | ||||||
Sturm Ruger & Co., Inc. (Leisure Products) | 437 | 28,899 | ||||||
Sun Country Airlines Holdings, Inc.* (Airlines) | 466 | 9,399 | ||||||
Sunstone Hotel Investors, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 1,130 | 12,803 | ||||||
Supernus Pharmaceuticals, Inc.* (Pharmaceuticals) | 1,324 | 42,037 | ||||||
Surmodics, Inc.* (Health Care Equipment & Supplies) | 225 | 7,830 | ||||||
Tanger Factory Outlet Centers, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,584 | 42,042 | ||||||
TechTarget, Inc.* (Media) | 659 | 42,960 | ||||||
Tennant Co. (Machinery) | 199 | 13,339 | ||||||
The Bancorp, Inc.* (Banks) | 1,402 | 34,489 | ||||||
The Buckle, Inc. (Specialty Retail) | 733 | 22,137 | ||||||
The Children's Place, Inc.* (Specialty Retail) | 320 | 13,869 | ||||||
The E.W. Scripps Co.*—Class A (Media) | 659 | 9,397 | ||||||
The Ensign Group, Inc. (Health Care Providers & Services) | 704 | 56,102 | ||||||
The Joint Corp.* (Health Care Providers & Services) | 359 | 6,139 | ||||||
The Pennant Group, Inc.* (Health Care Providers & Services) | 343 | 4,576 | ||||||
The Simply Good Foods Co.* (Food Products) | 2,189 | 71,404 | ||||||
The St Joe Co. (Real Estate Management & Development) | 819 | 34,414 | ||||||
Thryv Holdings, Inc.* (Media) | 424 | 10,320 | ||||||
Tompkins Financial Corp. (Banks) | 129 | 9,952 | ||||||
Tootsie Roll Industries, Inc. (Food Products) | 222 | 7,797 | ||||||
Trinity Industries, Inc. (Machinery) | 868 | 22,525 | ||||||
Triumph Bancorp, Inc.* (Banks) | 586 | 42,573 | ||||||
Triumph Group, Inc.* (Aerospace & Defense) | 1,601 | 24,880 | ||||||
Trupanion, Inc.* (Insurance) | 856 | 53,953 | ||||||
TTEC Holdings, Inc. (IT Services) | 456 | 33,366 | ||||||
U.S. Physical Therapy, Inc. (Health Care Providers & Services) | 146 | 18,948 | ||||||
UFP Industries, Inc. (Building Products) | 1,554 | 143,294 | ||||||
Ultra Clean Holdings, Inc.* (Semiconductors & Semiconductor Equipment) | 1,116 | 37,498 | ||||||
uniQure N.V.* (Biotechnology) | 903 | 22,891 | ||||||
Unisys Corp.* (IT Services) | 805 | 11,045 | ||||||
United Community Banks, Inc. (Banks) | 1,666 | 56,694 | ||||||
United Natural Foods, Inc.* (Food & Staples Retailing) | 1,444 | 61,384 | ||||||
Uniti Group, Inc. (Equity Real Estate Investment Trusts (REITs)) | 3,404 | 33,938 | ||||||
Universal Health Realty Income Trust (Equity Real Estate Investment Trusts (REITs)) | 170 | 9,163 | ||||||
Urban Edge Properties (Equity Real Estate Investment Trusts (REITs)) | 1,230 | 20,209 | ||||||
Urstadt Biddle Properties, Inc.—Class A (Equity Real Estate Investment Trusts (REITs)) | 402 | 7,397 | ||||||
USANA Health Sciences, Inc.* (Personal Products) | 192 | 13,367 | ||||||
Vanda Pharmaceuticals, Inc.* (Biotechnology) | 896 | 9,659 | ||||||
Varex Imaging Corp.* (Health Care Equipment & Supplies) | 630 | 14,043 | ||||||
Vector Group, Ltd. (Tobacco) | 3,261 | 36,328 | ||||||
Veeco Instruments, Inc.* (Semiconductors & Semiconductor Equipment) | 1,270 | 27,686 | ||||||
Vericel Corp.* (Biotechnology) | 1,168 | 38,007 | ||||||
Veritex Holdings, Inc. (Banks) | 1,335 | 41,305 | ||||||
Viad Corp.* (Commercial Services & Supplies) | 271 | 9,152 | ||||||
Viavi Solutions, Inc.* (Communications Equipment) | 3,498 | 51,771 | ||||||
Vir Biotechnology, Inc.* (Biotechnology) | 1,835 | 51,030 | ||||||
Virtus Investment Partners, Inc. (Capital Markets) | 173 | 35,693 | ||||||
Vista Outdoor, Inc.* (Leisure Products) | 1,389 | 41,809 |
See accompanying notes to the financial statements.
170 :: Small-Cap Growth ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Walker & Dunlop, Inc. (Thrifts & Mortgage Finance) | 753 | $ | 84,818 | |||||
Washington Real Estate Investment Trust (Equity Real Estate Investment Trusts (REITs)) | 953 | 21,128 | ||||||
WD-40 Co. (Household Products) | 197 | 34,942 | ||||||
Winnebago Industries, Inc. (Automobiles) | 411 | 24,812 | ||||||
WisdomTree Investments, Inc. (Capital Markets) | 1,690 | 8,788 | ||||||
Wolverine World Wide, Inc. (Textiles, Apparel & Luxury Goods) | 921 | 20,695 | ||||||
World Acceptance Corp.* (Consumer Finance) | 89 | 9,859 | ||||||
WSFS Financial Corp. (Thrifts & Mortgage Finance) | 705 | 33,643 | ||||||
Xencor, Inc.* (Biotechnology) | 1,475 | 42,317 | ||||||
XPEL, Inc.* (Auto Components) | 409 | 25,068 | ||||||
Xperi Holding Corp. (Software) | 1,339 | 22,442 | ||||||
Yelp, Inc.* (Interactive Media & Services) | 810 | 24,835 | ||||||
Zynex, Inc. (Health Care Equipment & Supplies) | 550 | 4,719 | ||||||
TOTAL COMMON STOCKS (Cost $8,690,857) | 10,790,093 |
Repurchase Agreements(a) (0.3%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $31,006 | $ | 31,000 | $ | 31,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $31,000) | 31,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $8,721,857)—100.0% | 10,821,093 | |||||||
Net other assets (liabilities)—NM | 408 | |||||||
NET ASSETS—100.0% | $ | 10,821,501 |
* | Non-income producing security. |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
NM | Not meaningful, amount is less than 0.05%. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Small-Cap Growth ProFund :: 171
Small-Cap Growth ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Aerospace & Defense | $ | 96,398 | 0.9 | % | ||||
Air Freight & Logistics | 69,778 | 0.7 | % | |||||
Airlines | 9,399 | 0.1 | % | |||||
Auto Components | 198,018 | 1.8 | % | |||||
Automobiles | 24,812 | 0.2 | % | |||||
Banks | 951,546 | 8.7 | % | |||||
Beverages | 135,137 | 1.3 | % | |||||
Biotechnology | 532,593 | 4.9 | % | |||||
Building Products | 232,762 | 2.2 | % | |||||
Capital Markets | 158,450 | 1.5 | % | |||||
Chemicals | 302,555 | 2.8 | % | |||||
Commercial Services & Supplies | 44,885 | 0.4 | % | |||||
Communications Equipment | 224,698 | 2.1 | % | |||||
Construction & Engineering | 174,142 | 1.6 | % | |||||
Consumer Finance | 58,530 | 0.5 | % | |||||
Containers & Packaging | 9,391 | 0.1 | % | |||||
Diversified Consumer Services | 45,131 | 0.4 | % | |||||
Diversified Telecommunication Services | 45,050 | 0.4 | % | |||||
Electrical Equipment | 67,850 | 0.6 | % | |||||
Electronic Equipment, Instruments & Components | 340,543 | 3.2 | % | |||||
Energy Equipment & Services | 9,129 | 0.1 | % | |||||
Entertainment | 25,332 | 0.2 | % | |||||
Equity Real Estate Investment Trusts (REITs) | 675,033 | 6.2 | % | |||||
Food & Staples Retailing | 61,384 | 0.6 | % | |||||
Food Products | 101,154 | 0.9 | % | |||||
Gas Utilities | 31,266 | 0.3 | % | |||||
Health Care Equipment & Supplies | 369,563 | 3.4 | % | |||||
Health Care Providers & Services | 416,544 | 3.9 | % | |||||
Health Care Technology | 50,747 | 0.5 | % | |||||
Hotels, Restaurants & Leisure | 141,576 | 1.3 | % | |||||
Household Durables | 311,048 | 2.9 | % | |||||
Household Products | 34,942 | 0.3 | % | |||||
Insurance | 163,833 | 1.5 | % | |||||
Interactive Media & Services | 34,149 | 0.3 | % | |||||
Internet & Direct Marketing Retail | 45,870 | 0.4 | % | |||||
IT Services | 386,994 | 3.6 | % | |||||
Leisure Products | 124,452 | 1.2 | % | |||||
Life Sciences Tools & Services | 17,174 | 0.2 | % | |||||
Machinery | 458,703 | 4.2 | % | |||||
Marine | 92,037 | 0.9 | % | |||||
Media | 66,835 | 0.6 | % | |||||
Metals & Mining | 69,859 | 0.7 | % | |||||
Mortgage Real Estate Investment Trusts (REITs) | 45,056 | 0.4 | % | |||||
Oil, Gas & Consumable Fuels | 336,785 | 3.1 | % | |||||
Personal Products | 138,096 | 1.3 | % | |||||
Pharmaceuticals | 253,645 | 2.3 | % | |||||
Professional Services | 244,443 | 2.3 | % | |||||
Real Estate Management & Development | 58,628 | 0.5 | % | |||||
Road & Rail | 53,603 | 0.5 | % | |||||
Semiconductors & Semiconductor Equipment | 751,104 | 6.9 | % | |||||
Software | 389,158 | 3.6 | % | |||||
Specialty Retail | 359,235 | 3.3 | % | |||||
Technology Hardware, Storage & Peripherals | 47,332 | 0.4 | % | |||||
Textiles, Apparel & Luxury Goods | 118,391 | 1.1 | % | |||||
Thrifts & Mortgage Finance | 300,363 | 2.8 | % | |||||
Tobacco | 36,328 | 0.3 | % | |||||
Trading Companies & Distributors | 105,957 | 1.0 | % | |||||
Water Utilities | 128,286 | 1.2 | % | |||||
Wireless Telecommunication Services | 14,391 | 0.1 | % | |||||
Other** | 31,408 | 0.3 | % | |||||
Total | $ | 10,821,501 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
172 :: Small-Cap ProFund :: Summary Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (64.8%)
Percentage of Net Assets | Shares | Value | ||||||||||
Agree Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 0.2 | % | 57 | $ | 4,537 | |||||||
AMN Healthcare Services, Inc.* (Health Care Providers & Services) | 0.1 | % | 34 | 3,822 | ||||||||
Apellis Pharmaceuticals, Inc.* (Biotechnology) | 0.1 | % | 70 | 3,940 | ||||||||
ASGN, Inc.* (Professional Services) | 0.1 | % | 39 | 4,046 | ||||||||
Biohaven Pharmaceutical Holding Co., Ltd.* (Biotechnology) | 0.2 | % | 48 | 7,009 | ||||||||
Black Hills Corp. (Multi-Utilities) | 0.1 | % | 50 | 3,860 | ||||||||
Blackstone Mortgage Trust, Inc.—Class A (Mortgage Real Estate Investment Trusts (REITs)) | 0.1 | % | 131 | 4,057 | ||||||||
Celsius Holdings, Inc.* (Beverages) | 0.1 | % | 42 | 3,735 | ||||||||
Chart Industries, Inc.* (Machinery) | 0.2 | % | 28 | 5,463 | ||||||||
EMCOR Group, Inc. (Construction & Engineering) | 0.2 | % | 39 | 4,537 | ||||||||
ExlService Holdings, Inc.* (IT Services) | 0.1 | % | 25 | 4,208 | ||||||||
Exponent, Inc. (Professional Services) | 0.1 | % | 40 | 4,019 | ||||||||
First Financial Bankshares, Inc. (Banks) | 0.2 | % | 100 | 4,417 | ||||||||
Glacier Bancorp, Inc. (Banks) | 0.1 | % | 86 | 4,307 | ||||||||
Halozyme Therapeutics, Inc.* (Biotechnology) | 0.2 | % | 104 | 5,086 | ||||||||
HealthEquity, Inc.* (Health Care Providers & Services) | 0.1 | % | 64 | 3,723 | ||||||||
Independence Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 0.1 | % | 171 | 3,796 | ||||||||
Inspire Medical Systems, Inc.* (Health Care Technology) | 0.1 | % | 21 | 4,390 | ||||||||
Intellia Therapeutics, Inc.* (Biotechnology) | 0.1 | % | 58 | 3,756 | ||||||||
Intra-Cellular Therapies, Inc.* (Pharmaceuticals) | 0.1 | % | 71 | 3,843 | ||||||||
Iridium Communications, Inc.* (Diversified Telecommunication Services) | 0.1 | % | 98 | 4,382 | ||||||||
Kinsale Capital Group, Inc. (Insurance) | 0.1 | % | 17 | 4,134 | ||||||||
Lantheus Holdings, Inc.* (Health Care Equipment & Supplies) | 0.1 | % | 53 | 4,066 | ||||||||
LHC Group, Inc.* (Health Care Providers & Services) | 0.1 | % | 23 | 3,750 | ||||||||
Light & Wonder, Inc.* (Hotels, Restaurants & Leisure) | 0.1 | % | 75 | 3,820 | ||||||||
Matador Resources Co. (Oil, Gas & Consumable Fuels) | 0.2 | % | 87 | 5,026 | ||||||||
Murphy Oil Corp. (Oil, Gas & Consumable Fuels) | 0.1 | % | 113 | 3,970 | ||||||||
Murphy USA, Inc. (Specialty Retail) | 0.2 | % | 17 | 4,834 | ||||||||
Novanta, Inc.* (Electronic Equipment, Instruments & Components) | 0.1 | % | 27 | 4,163 | ||||||||
Oasis Petroleum, Inc. (Oil, Gas & Consumable Fuels) | 0.1 | % | 33 | 4,231 | ||||||||
Old National Bancorp (Banks) | 0.1 | % | 226 | 3,934 | ||||||||
Omnicell, Inc.* (Health Care Technology) | 0.1 | % | 34 | 3,744 | ||||||||
Option Care Health, Inc.* (Health Care Providers & Services) | 0.1 | % | 111 | 3,730 | ||||||||
Power Integrations, Inc. (Semiconductors & Semiconductor Equipment) | 0.1 | % | 45 | 3,825 | ||||||||
RBC Bearings, Inc.* (Machinery) | 0.2 | % | 22 | 5,192 | ||||||||
Rogers Corp.* (Electronic Equipment, Instruments & Components) | 0.1 | % | 14 | 3,770 | ||||||||
Saia, Inc.* (Road & Rail) | 0.2 | % | 20 | 4,757 | ||||||||
Sailpoint Technologies Holding, Inc.* (Software) | 0.2 | % | 72 | 4,590 | ||||||||
Shockwave Medical, Inc.* (Health Care Equipment & Supplies) | 0.2 | % | 27 | 5,696 | ||||||||
Silicon Laboratories, Inc.* (Semiconductors & Semiconductor Equipment) | 0.1 | % | 28 | 4,129 | ||||||||
SM Energy Co. (Oil, Gas & Consumable Fuels) | 0.1 | % | 93 | 3,839 | ||||||||
SouthState Corp. (Banks) | 0.2 | % | 58 | 4,916 | ||||||||
Southwest Gas Holdings, Inc. (Gas Utilities) | 0.2 | % | 51 | 4,434 | ||||||||
STAG Industrial, Inc. (Equity Real Estate Investment Trusts (REITs)) | 0.2 | % | 139 | 4,555 | ||||||||
Synaptics, Inc.* (Semiconductors & Semiconductor Equipment) | 0.2 | % | 31 | 4,492 | ||||||||
Texas Roadhouse, Inc. (Hotels, Restaurants & Leisure) | 0.2 | % | 53 | 4,622 | ||||||||
UFP Industries, Inc. (Building Products) | 0.1 | % | 47 | 4,333 | ||||||||
United Bankshares, Inc. (Banks) | 0.1 | % | 102 | 3,950 | ||||||||
Valley National Bancorp (Banks) | 0.1 | % | 332 | 3,880 | ||||||||
Other Common Stocks(a) | 57.6 | % | 89,801 | 1,697,880 | ||||||||
TOTAL COMMON STOCKS (Cost $1,152,888) | 1,909,195 | |||||||||||
Right(NM) | ||||||||||||
Zogenix, Inc. CVR;*+(b) (Pharmaceuticals) | 40 | 27 | ||||||||||
TOTAL RIGHT (Cost $—) | 27 |
See accompanying notes to the financial statements.
July 31, 2022 :: Summary Schedule of Portfolio Investments :: Small-Cap ProFund :: 173
Trust (0.0%)
Interest Units | Value | |||||||
Ferroglobe Representation and Warranty Insurance*+ (Metals & Mining) | 290 | $ | — | |||||
TOTAL TRUST (Cost $—) | — |
Repurchase Agreements(c)(d) (35.7%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20% dated 7/29/22, due 8/1/22, total to be received $1,053,191 | $ | 1,053,000 | $ | 1,053,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $1,053,000) | 1,053,000 |
Collateral for Securities Loaned(e) (0.5%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(f) | 14,361 | $ | 14,361 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $14,361) | 14,361 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $2,220,249)—101.0% | 2,976,583 | |||||||
Net other assets (liabilities)—(1.0)% | (29,735 | ) | ||||||
NET ASSETS—100.0% | $ | 2,946,848 |
* | Non-income producing security. |
+ | These securities were fair valued based on procedures approved by the Board of Trustees. As of July 31, 2022, these securities represented less than 0.005% of the net assets of the Fund. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $13,987. |
(b) | On March 7, 2022, UCB SA acquired Zogenix Inc. As part of the acquisition, shareholders of Zogenix Inc. are entitled to a CVR per share of Zogenix Inc. held. The CVR has a potential cash payment of $2.00 upon EU approval by December 31, 2023, of FINTEPLA® as an orphan medicine for treatment of Lennox-Gastaut syndrome (LGS). |
(c) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(d) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $135,000. |
(e) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(f) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
CVR | Contingent Value Rights |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Russell 2000 Index | Goldman Sachs International | 8/29/22 | 2.73 | % | $ | 544,831 | $ | 10,837 | ||||||||
Russell 2000 Index | UBS AG | 8/29/22 | 2.33 | % | 493,930 | 9,661 | ||||||||||
$ | 1,038,761 | $ | 20,498 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
174 :: Small-Cap ProFund :: Summary Schedule of Portfolio Investments :: July 31, 2022
Small-Cap ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Aerospace & Defense | $ | 16,803 | 0.6 | % | ||||
Air Freight & Logistics | 7,476 | 0.3 | % | |||||
Airlines | 7,471 | 0.3 | % | |||||
Auto Components | 26,500 | 0.9 | % | |||||
Automobiles | 4,041 | 0.1 | % | |||||
Banks | 177,941 | 5.9 | % | |||||
Beverages | 10,470 | 0.4 | % | |||||
Biotechnology | 137,996 | 4.7 | % | |||||
Building Products | 25,823 | 0.9 | % | |||||
Capital Markets | 29,808 | 1.0 | % | |||||
Chemicals | 39,686 | 1.3 | % | |||||
Commercial Services & Supplies | 28,336 | 1.0 | % | |||||
Communications Equipment | 19,200 | 0.7 | % | |||||
Construction & Engineering | 26,763 | 0.9 | % | |||||
Construction Materials | 2,709 | 0.1 | % | |||||
Consumer Discretionary Products | 396 | NM | ||||||
Consumer Finance | 12,563 | 0.4 | % | |||||
Containers & Packaging | 6,039 | 0.2 | % | |||||
Distributors | 761 | NM | ||||||
Diversified Consumer Services | 19,365 | 0.7 | % | |||||
Diversified Financial Services | 5,019 | 0.2 | % | |||||
Diversified Telecommunication Services | 10,885 | 0.4 | % | |||||
Electric Utilities | 13,987 | 0.5 | % | |||||
Electrical Equipment | 24,040 | 0.8 | % | |||||
Electronic Equipment, Instruments & Components | 42,176 | 1.4 | % | |||||
Energy Equipment & Services | 29,801 | 1.0 | % | |||||
Entertainment | 6,557 | 0.2 | % | |||||
Equity Real Estate Investment Trusts (REITs) | 122,490 | 4.2 | % | |||||
Food & Staples Retailing | 10,989 | 0.4 | % | |||||
Food Products | 21,775 | 0.7 | % | |||||
Gas Utilities | 24,140 | 0.8 | % | |||||
Health Care Equipment & Supplies | 66,930 | 2.3 | % | |||||
Health Care Providers & Services | 55,739 | 1.9 | % | |||||
Health Care Technology | 20,359 | 0.7 | % | |||||
Hotels, Restaurants & Leisure | 42,266 | 1.4 | % | |||||
Household Durables | 31,334 | 1.1 | % | |||||
Household Products | 5,069 | 0.2 | % | |||||
Independent Power and Renewable Electricity Producers | 9,153 | 0.3 | % | |||||
Industrial Conglomerates | 457 | NM | ||||||
Insurance | 37,258 | 1.3 | % | |||||
Interactive Media & Services | 13,749 | 0.5 | % | |||||
Internet & Direct Marketing Retail | 8,977 | 0.3 | % | |||||
IT Services | 45,177 | 1.5 | % | |||||
Leisure Products | 12,030 | 0.4 | % | |||||
Life Sciences Tools & Services | 13,062 | 0.4 | % | |||||
Machinery | 73,772 | 2.5 | % | |||||
Marine | 5,803 | 0.2 | % | |||||
Media | 18,369 | 0.6 | % | |||||
Metals & Mining | 26,872 | 0.9 | % | |||||
Mortgage Real Estate Investment Trusts (REITs) | 28,087 | 1.0 | % | |||||
Multiline Retail | 1,126 | NM | ||||||
Multi-Utilities | 9,286 | 0.3 | % | |||||
Oil, Gas & Consumable Fuels | 80,577 | 2.7 | % | |||||
Paper & Forest Products | 2,967 | 0.1 | % | |||||
Personal Products | 13,821 | 0.5 | % | |||||
Pharmaceuticals | 29,825 | 1.0 | % | |||||
Professional Services | 34,708 | 1.2 | % | |||||
Real Estate Management & Development | 12,739 | 0.4 | % | |||||
Road & Rail | 12,247 | 0.4 | % | |||||
Semiconductors & Semiconductor Equipment | 56,950 | 1.9 | % | |||||
Software | 91,654 | 3.1 | % | |||||
Specialty Retail | 39,908 | 1.4 | % | |||||
Technology Hardware, Storage & Peripherals | 7,374 | 0.2 | % | |||||
Textiles, Apparel & Luxury Goods | 11,794 | 0.4 | % | |||||
Thrifts & Mortgage Finance | 34,981 | 1.2 | % | |||||
Tobacco | 2,797 | 0.1 | % | |||||
Trading Companies & Distributors | 28,295 | 1.0 | % | |||||
Water Utilities | 8,592 | 0.3 | % | |||||
Wireless Telecommunication Services | 3,112 | 0.1 | % | |||||
Other** | 1,037,626 | 35.2 | % | |||||
Total | $ | 2,946,848 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
NM | Not meaningful, amount is less than 0.05%. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Small-Cap Value ProFund :: 175
Common Stocks (99.6%)
Shares | Value | |||||||
AAON, Inc. (Building Products) | 257 | $ | 15,464 | |||||
AAR Corp.* (Aerospace & Defense) | 614 | 27,341 | ||||||
Aaron's Co., Inc. (The) (Specialty Retail) | 570 | 7,421 | ||||||
Abercrombie & Fitch Co.* (Specialty Retail) | 495 | 8,816 | ||||||
ABM Industries, Inc. (Commercial Services & Supplies) | 1,240 | 55,601 | ||||||
Academy Sports & Outdoors, Inc. (Leisure Products) | 649 | 27,926 | ||||||
Acadia Realty Trust (Equity Real Estate Investment Trusts (REITs)) | 985 | 16,873 | ||||||
Addus HomeCare Corp.* (Health Care Providers & Services) | 169 | 15,685 | ||||||
Adtalem Global Education, Inc.* (Diversified Consumer Services) | 837 | 33,563 | ||||||
AdvanSix, Inc. (Chemicals) | 240 | 9,430 | ||||||
Aerojet Rocketdyne Holdings, Inc.* (Aerospace & Defense) | 666 | 29,098 | ||||||
AeroVironment, Inc.* (Aerospace & Defense) | 199 | 17,241 | ||||||
Agilysys, Inc.* (Software) | 134 | 6,472 | ||||||
Agree Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 767 | 61,045 | ||||||
Alamo Group, Inc. (Machinery) | 107 | 13,847 | ||||||
Albany International Corp.—Class A (Machinery) | 292 | 26,651 | ||||||
Alexander & Baldwin, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,348 | 26,839 | ||||||
Allegheny Technologies, Inc.* (Metals & Mining) | 1,266 | 31,512 | ||||||
Allegiance Bancshares, Inc. (Banks) | 351 | 15,458 | ||||||
Allegiant Travel Co.* (Airlines) | 282 | 32,517 | ||||||
Allscripts Healthcare Solutions, Inc.* (Health Care Technology) | 1,313 | 20,772 | ||||||
Alpha & Omega Semiconductor, Ltd.* (Semiconductors & Semiconductor Equipment) | 92 | 3,865 | ||||||
Ambac Financial Group, Inc.* (Insurance) | 836 | 9,840 | ||||||
AMC Networks, Inc.*—Class A (Media) | 553 | 16,878 | ||||||
American Assets Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 557 | 16,838 | ||||||
American Axle & Manufacturing Holdings, Inc.* (Auto Components) | 2,125 | 18,934 | ||||||
American Equity Investment Life Holding Co. (Insurance) | 1,433 | 53,824 | ||||||
American Public Education, Inc.* (Diversified Consumer Services) | 350 | 5,499 | ||||||
American States Water Co. (Water Utilities) | 233 | 20,311 | ||||||
American Vanguard Corp. (Chemicals) | 496 | 11,611 | ||||||
American Woodmark Corp.* (Building Products) | 306 | 15,367 | ||||||
America's Car-Mart, Inc.* (Specialty Retail) | 111 | 11,496 | ||||||
Ameris Bancorp (Banks) | 526 | 24,875 | ||||||
AMERISAFE, Inc. (Insurance) | 358 | 16,310 | ||||||
Amphastar Pharmaceuticals, Inc.* (Pharmaceuticals) | 223 | 8,338 | ||||||
ANI Pharmaceuticals, Inc.* (Pharmaceuticals) | 100 | 3,425 | ||||||
Anika Therapeutics, Inc.* (Health Care Equipment & Supplies) | 127 | 2,967 | ||||||
Apogee Enterprises, Inc. (Building Products) | 411 | 17,102 | ||||||
Apollo Commercial Real Estate Finance, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 2,452 | 31,337 | ||||||
Applied Industrial Technologies, Inc. (Trading Companies & Distributors) | 406 | 40,839 | ||||||
Archrock, Inc. (Energy Equipment & Services) | 2,506 | 21,151 | ||||||
Arconic Corp.* (Metals & Mining) | 1,962 | 59,273 | ||||||
Arcosa, Inc. (Construction & Engineering) | 896 | 46,198 | ||||||
Arlo Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 710 | 4,991 | ||||||
Armada Hoffler Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 491 | 6,962 | ||||||
ARMOUR Residential REIT, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 1,914 | 15,063 | ||||||
Artivion, Inc.* (Health Care Equipment & Supplies) | 746 | 14,622 | ||||||
Asbury Automotive Group, Inc.* (Specialty Retail) | 226 | 38,792 | ||||||
Assured Guaranty, Ltd. (Insurance) | 690 | 40,290 | ||||||
Astec Industries, Inc. (Machinery) | 424 | 20,831 | ||||||
Atlas Air Worldwide Holdings, Inc.* (Air Freight & Logistics) | 486 | 36,795 | ||||||
ATN International, Inc. (Diversified Telecommunication Services) | 202 | 9,300 | ||||||
Avanos Medical, Inc.* (Health Care Equipment & Supplies) | 877 | 24,880 | ||||||
Avista Corp. (Multi-Utilities) | 1,343 | 56,755 | ||||||
AZZ, Inc. (Electrical Equipment) | 458 | 19,484 | ||||||
B&G Foods, Inc.(a) (Food Products) | 1,277 | 31,555 | ||||||
Badger Meter, Inc. (Electronic Equipment, Instruments & Components) | 190 | 18,276 | ||||||
Banc of California, Inc. (Banks) | 540 | 9,455 | ||||||
BancFirst Corp. (Banks) | 165 | 17,719 | ||||||
BankUnited, Inc. (Banks) | 1,517 | 58,935 | ||||||
Banner Corp. (Banks) | 363 | 22,502 | ||||||
Barnes Group, Inc. (Machinery) | 865 | 29,254 | ||||||
Bed Bath & Beyond, Inc.*(a) (Specialty Retail) | 1,482 | 7,454 | ||||||
Benchmark Electronics, Inc. (Electronic Equipment, Instruments & Components) | 651 | 16,653 | ||||||
Berkshire Hills Bancorp, Inc. (Banks) | 877 | 24,705 | ||||||
Big Lots, Inc. (Multiline Retail) | 530 | 10,701 | ||||||
BJ's Restaurants, Inc.* (Hotels, Restaurants & Leisure) | 436 | 10,233 | ||||||
Bloomin' Brands, Inc. (Hotels, Restaurants & Leisure) | 1,497 | 30,523 | ||||||
Blucora, Inc.* (Capital Markets) | 491 | 9,820 | ||||||
Boise Cascade Co. (Trading Companies & Distributors) | 380 | 26,870 | ||||||
Brady Corp.—Class A (Commercial Services & Supplies) | 482 | 23,064 | ||||||
Brandywine Realty Trust (Equity Real Estate Investment Trusts (REITs)) | 3,179 | 29,724 | ||||||
Brinker International, Inc.* (Hotels, Restaurants & Leisure) | 814 | 22,589 | ||||||
Bristow Group, Inc.* (Energy Equipment & Services) | 432 | 11,146 | ||||||
Brookline Bancorp, Inc. (Banks) | 806 | 11,147 | ||||||
CalAmp Corp.* (Communications Equipment) | 670 | 3,156 | ||||||
Calavo Growers, Inc. (Food Products) | 330 | 13,299 | ||||||
Caleres, Inc. (Specialty Retail) | 704 | 17,473 | ||||||
California Water Service Group (Water Utilities) | 408 | 24,512 | ||||||
Cal-Maine Foods, Inc. (Food Products) | 696 | 35,573 | ||||||
Capitol Federal Financial, Inc. (Thrifts & Mortgage Finance) | 2,396 | 22,978 |
See accompanying notes to the financial statements.
176 :: Small-Cap Value ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Cardiovascular Systems, Inc.* (Health Care Equipment & Supplies) | 439 | $ | 6,765 | |||||
CareTrust REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 955 | 19,721 | ||||||
Carpenter Technology Corp. (Metals & Mining) | 895 | 28,765 | ||||||
Cars.com, Inc.* (Interactive Media & Services) | 618 | 7,268 | ||||||
Centerspace (Equity Real Estate Investment Trusts (REITs)) | 103 | 8,847 | ||||||
Central Garden & Pet Co.* (Household Products) | 181 | 7,845 | ||||||
Central Garden & Pet Co.*—Class A (Household Products) | 734 | 29,946 | ||||||
Central Pacific Financial Corp. (Banks) | 194 | 4,594 | ||||||
Century Aluminum Co.* (Metals & Mining) | 523 | 4,126 | ||||||
Cerence, Inc.* (Software) | 350 | 9,860 | ||||||
Chatham Lodging Trust* (Equity Real Estate Investment Trusts (REITs)) | 906 | 11,017 | ||||||
Chesapeake Utilities Corp. (Gas Utilities) | 157 | 21,529 | ||||||
Chico's FAS, Inc.* (Specialty Retail) | 2,322 | 11,656 | ||||||
Chuy's Holdings, Inc.* (Hotels, Restaurants & Leisure) | 351 | 7,803 | ||||||
Cinemark Holdings, Inc.* (Entertainment) | 955 | 17,506 | ||||||
CIRCOR International, Inc.* (Machinery) | 376 | 6,546 | ||||||
City Holding Co. (Banks) | 145 | 12,585 | ||||||
Clearwater Paper Corp.* (Paper & Forest Products) | 313 | 11,174 | ||||||
Cogent Communications Holdings, Inc. (Diversified Telecommunication Services) | 260 | 16,591 | ||||||
Cohu, Inc.* (Semiconductors & Semiconductor Equipment) | 379 | 10,832 | ||||||
Columbia Banking System, Inc. (Banks) | 1,444 | 43,565 | ||||||
Community Bank System, Inc. (Banks) | 539 | 36,291 | ||||||
Community Healthcare Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 179 | 6,972 | ||||||
Compass Minerals International, Inc. (Metals & Mining) | 633 | 23,567 | ||||||
Computer Programs and Systems, Inc.* (Health Care Technology) | 274 | 9,250 | ||||||
Comtech Telecommunications Corp. (Communications Equipment) | 491 | 5,705 | ||||||
CONMED Corp. (Health Care Equipment & Supplies) | 198 | 19,331 | ||||||
Conn's, Inc.* (Specialty Retail) | 288 | 2,713 | ||||||
Consensus Cloud Solutions, Inc.* (Software) | 297 | 16,046 | ||||||
CONSOL Energy, Inc.* (Oil, Gas & Consumable Fuels) | 594 | 36,423 | ||||||
Consolidated Communications Holdings, Inc.* (Diversified Telecommunication Services) | 1,350 | 8,910 | ||||||
Corcept Therapeutics, Inc.* (Pharmaceuticals) | 692 | 19,833 | ||||||
Core Laboratories N.V. (Energy Equipment & Services) | 498 | 9,432 | ||||||
CoreCivic, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 2,256 | 24,297 | ||||||
Corsair Gaming, Inc.* (Technology Hardware, Storage & Peripherals) | 378 | 5,330 | ||||||
Covetrus, Inc.* (Health Care Providers & Services) | 1,940 | 40,294 | ||||||
CSG Systems International, Inc. (IT Services) | 236 | 15,400 | ||||||
CTS Corp. (Electronic Equipment, Instruments & Components) | 292 | 11,879 | ||||||
Cutera, Inc.* (Health Care Equipment & Supplies) | 114 | 5,292 | ||||||
CVB Financial Corp. (Banks) | 2,459 | 65,583 | ||||||
Dave & Buster's Entertainment, Inc.* (Hotels, Restaurants & Leisure) | 397 | 14,832 | ||||||
Deluxe Corp. (Commercial Services & Supplies) | 797 | 20,037 | ||||||
Designer Brands, Inc. (Specialty Retail) | 1,126 | 16,248 | ||||||
DiamondRock Hospitality Co.* (Equity Real Estate Investment Trusts (REITs)) | 3,911 | 36,293 | ||||||
Digi International, Inc.* (Communications Equipment) | 346 | 9,858 | ||||||
Dime Community Bancshares, Inc. (Banks) | 311 | 10,599 | ||||||
Dine Brands Global, Inc. (Hotels, Restaurants & Leisure) | 143 | 10,197 | ||||||
Diversified Healthcare Trust (Equity Real Estate Investment Trusts (REITs)) | 4,435 | 7,673 | ||||||
DMC Global, Inc.* (Energy Equipment & Services) | 361 | 8,216 | ||||||
Dorman Products, Inc.* (Auto Components) | 173 | 17,489 | ||||||
Dril-Quip, Inc.* (Energy Equipment & Services) | 639 | 16,390 | ||||||
DXP Enterprises, Inc.* (Trading Companies & Distributors) | 319 | 10,846 | ||||||
Eagle Bancorp, Inc. (Banks) | 244 | 11,963 | ||||||
Eagle Pharmaceuticals, Inc.* (Biotechnology) | 106 | 4,208 | ||||||
Easterly Government Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,684 | 34,135 | ||||||
Ebix, Inc. (Software) | 442 | 10,458 | ||||||
Edgewell Personal Care Co. (Personal Products) | 979 | 38,945 | ||||||
eHealth, Inc.* (Insurance) | 448 | 3,315 | ||||||
El Pollo Loco Holdings, Inc.* (Hotels, Restaurants & Leisure) | 361 | 3,509 | ||||||
Ellington Financial, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 588 | 9,437 | ||||||
Embecta Corp.* (Health Care Equipment & Supplies) | 1,072 | 31,549 | ||||||
Emergent BioSolutions, Inc.* (Biotechnology) | 830 | 28,751 | ||||||
Employers Holdings, Inc. (Insurance) | 514 | 20,411 | ||||||
Enanta Pharmaceuticals, Inc.* (Biotechnology) | 137 | 7,556 | ||||||
Encore Capital Group, Inc.* (Consumer Finance) | 234 | 16,949 | ||||||
Enerpac Tool Group Corp. (Machinery) | 585 | 11,876 | ||||||
Enhabit, Inc.* (Health Care Providers & Services) | 925 | 16,197 | ||||||
EnPro Industries, Inc. (Machinery) | 386 | 36,083 | ||||||
ePlus, Inc.* (Electronic Equipment, Instruments & Components) | 498 | 27,674 | ||||||
ESCO Technologies, Inc. (Machinery) | 479 | 37,146 | ||||||
Essential Properties Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,167 | 28,148 | ||||||
Ethan Allen Interiors, Inc. (Household Durables) | 408 | 9,380 | ||||||
EVERTEC, Inc. (IT Services) | 363 | 14,153 | ||||||
EZCORP, Inc.*—Class A (Consumer Finance) | 997 | 8,016 | ||||||
FARO Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 175 | 5,691 | ||||||
FB Financial Corp. (Banks) | 342 | 14,655 | ||||||
Federal Signal Corp. (Machinery) | 439 | 18,227 | ||||||
First Bancorp (Banks) | 321 | 12,159 | ||||||
First Commonwealth Financial Corp. (Banks) | 788 | 11,678 | ||||||
First Financial Bancorp (Banks) | 1,751 | 39,117 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Small-Cap Value ProFund :: 177
Common Stocks, continued
Shares | Value | |||||||
First Hawaiian, Inc. (Banks) | 2,375 | $ | 60,540 | |||||
FormFactor, Inc.* (Semiconductors & Semiconductor Equipment) | 536 | 19,060 | ||||||
Fossil Group, Inc.* (Textiles, Apparel & Luxury Goods) | 875 | 5,276 | ||||||
Four Corners Property Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 760 | 22,215 | ||||||
Franklin BSP Realty Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 1,553 | 23,839 | ||||||
Franklin Electric Co., Inc. (Machinery) | 238 | 21,615 | ||||||
Franklin Street Properties Corp. (Equity Real Estate Investment Trusts (REITs)) | 1,722 | 6,526 | ||||||
Fresh Del Monte Produce, Inc. (Food Products) | 621 | 18,450 | ||||||
Frontdoor, Inc.* (Diversified Consumer Services) | 900 | 24,093 | ||||||
FutureFuel Corp. (Chemicals) | 481 | 3,458 | ||||||
Gannett Co., Inc.* (Media) | 1,688 | 5,081 | ||||||
GCP Applied Technologies, Inc.* (Chemicals) | 1,002 | 31,563 | ||||||
Genesco, Inc.* (Specialty Retail) | 124 | 6,950 | ||||||
Genworth Financial, Inc.* (Insurance) | 9,470 | 40,248 | ||||||
Getty Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 407 | 11,941 | ||||||
Gibraltar Industries, Inc.* (Building Products) | 323 | 15,113 | ||||||
G-III Apparel Group, Ltd.* (Textiles, Apparel & Luxury Goods) | 799 | 17,650 | ||||||
Glatfelter Corp. (Paper & Forest Products) | 831 | 5,102 | ||||||
Glaukos Corp.* (Health Care Equipment & Supplies) | 421 | 22,671 | ||||||
Global Net Lease, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,923 | 29,018 | ||||||
GMS, Inc.* (Trading Companies & Distributors) | 351 | 18,628 | ||||||
Gogo, Inc.* (Wireless Telecommunication Services) | 645 | 11,197 | ||||||
Golden Entertainment, Inc.* (Hotels, Restaurants & Leisure) | 124 | 5,440 | ||||||
Granite Construction, Inc. (Construction & Engineering) | 842 | 25,176 | ||||||
Granite Point Mortgage Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 1,000 | 10,610 | ||||||
Green Brick Partners, Inc.* (Household Durables) | 452 | 12,114 | ||||||
Green Dot Corp.*—Class A (Consumer Finance) | 1,006 | 28,269 | ||||||
Green Plains, Inc.* (Oil, Gas & Consumable Fuels) | 998 | 35,948 | ||||||
Griffon Corp. (Building Products) | 889 | 26,679 | ||||||
Group 1 Automotive, Inc. (Specialty Retail) | 307 | 54,315 | ||||||
Guess?, Inc.(a) (Specialty Retail) | 665 | 12,575 | ||||||
H.B. Fuller Co. (Chemicals) | 532 | 34,154 | ||||||
Hanger, Inc.* (Health Care Providers & Services) | 687 | 12,758 | ||||||
Hanmi Financial Corp. (Banks) | 249 | 6,292 | ||||||
Harmony Biosciences Holdings, Inc.* (Pharmaceuticals) | 188 | 9,537 | ||||||
Harsco Corp.* (Machinery) | 1,475 | 7,095 | ||||||
Haverty Furniture Cos., Inc. (Specialty Retail) | 258 | 7,051 | ||||||
Hawaiian Holdings, Inc.* (Airlines) | 953 | 14,257 | ||||||
Hawkins, Inc. (Chemicals) | 160 | 6,360 | ||||||
Haynes International, Inc. (Metals & Mining) | 99 | 3,827 | ||||||
Healthcare Services Group, Inc. (Commercial Services & Supplies) | 1,373 | 19,689 | ||||||
HealthStream, Inc.* (Health Care Technology) | 208 | 5,004 | ||||||
Heartland Express, Inc. (Road & Rail) | 864 | 13,720 | ||||||
Helix Energy Solutions Group, Inc.* (Energy Equipment & Services) | 2,646 | 10,690 | ||||||
Helmerich & Payne, Inc. (Energy Equipment & Services) | 1,953 | 90,424 | ||||||
Heritage Financial Corp. (Banks) | 651 | 16,939 | ||||||
Hersha Hospitality Trust* (Equity Real Estate Investment Trusts (REITs)) | 613 | 6,179 | ||||||
Hillenbrand, Inc. (Machinery) | 612 | 28,274 | ||||||
Hilltop Holdings, Inc. (Banks) | 452 | 13,040 | ||||||
HNI Corp. (Commercial Services & Supplies) | 786 | 27,762 | ||||||
Hope Bancorp, Inc. (Banks) | 2,233 | 33,584 | ||||||
Horace Mann Educators Corp. (Insurance) | 769 | 26,338 | ||||||
Hostess Brands, Inc.* (Food Products) | 2,565 | 58,019 | ||||||
Hub Group, Inc.*—Class A (Air Freight & Logistics) | 631 | 48,208 | ||||||
Ichor Holdings, Ltd.* (Semiconductors & Semiconductor Equipment) | 229 | 7,159 | ||||||
Independent Bank Corp. (Banks) | 503 | 42,151 | ||||||
Independent Bank Group, Inc. (Banks) | 674 | 47,665 | ||||||
Industrial Logistics Properties Trust (Equity Real Estate Investment Trusts (REITs)) | 717 | 7,192 | ||||||
Innospec, Inc. (Chemicals) | 461 | 47,023 | ||||||
Inogen, Inc.* (Health Care Equipment & Supplies) | 381 | 10,599 | ||||||
Insight Enterprises, Inc.* (Electronic Equipment, Instruments & Components) | 651 | 60,809 | ||||||
Integer Holdings Corp.* (Health Care Equipment & Supplies) | 614 | 42,911 | ||||||
InterDigital, Inc. (Communications Equipment) | 275 | 16,882 | ||||||
Interface, Inc. (Commercial Services & Supplies) | 607 | 8,795 | ||||||
Invesco Mortgage Capital, Inc.(a) (Mortgage Real Estate Investment Trusts (REITs)) | 613 | 10,848 | ||||||
iRobot Corp.* (Household Durables) | 226 | 10,398 | ||||||
Ironwood Pharmaceuticals, Inc.* (Biotechnology) | 714 | 8,175 | ||||||
iStar, Inc. (Equity Real Estate Investment Trusts (REITs)) | 677 | 11,313 | ||||||
Itron, Inc.* (Electronic Equipment, Instruments & Components) | 836 | 48,822 | ||||||
J & J Snack Foods Corp. (Food Products) | 156 | 21,140 | ||||||
Jack in the Box, Inc. (Hotels, Restaurants & Leisure) | 121 | 8,366 | ||||||
James River Group Holdings, Ltd. (Insurance) | 695 | 16,513 | ||||||
John B Sanfilippo & Son, Inc. (Food Products) | 165 | 12,359 | ||||||
John Bean Technologies Corp. (Machinery) | 212 | 23,810 | ||||||
Kaiser Aluminum Corp. (Metals & Mining) | 294 | 22,276 | ||||||
Kaman Corp.—Class A (Trading Companies & Distributors) | 519 | 15,975 | ||||||
KAR Auction Services, Inc.* (Commercial Services & Supplies) | 2,254 | 38,543 | ||||||
Kelly Services, Inc.—Class A (Professional Services) | 640 | 13,875 | ||||||
KKR Real Estate Finance Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 562 | 10,953 |
See accompanying notes to the financial statements.
178 :: Small-Cap Value ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Knowles Corp.* (Electronic Equipment, Instruments & Components) | 1,020 | $ | 20,145 | |||||
Kontoor Brands, Inc. (Textiles, Apparel & Luxury Goods) | 422 | 15,403 | ||||||
Koppers Holdings, Inc. (Chemicals) | 392 | 9,228 | ||||||
Lantheus Holdings, Inc.* (Health Care Equipment & Supplies) | 520 | 39,894 | ||||||
Laredo Petroleum, Inc.* (Oil, Gas & Consumable Fuels) | 89 | 7,892 | ||||||
La-Z-Boy, Inc. (Household Durables) | 802 | 22,352 | ||||||
LCI Industries (Auto Components) | 156 | 21,073 | ||||||
LendingTree, Inc.* (Thrifts & Mortgage Finance) | 205 | 9,344 | ||||||
Lindsay Corp. (Machinery) | 84 | 12,933 | ||||||
LivePerson, Inc.* (Software) | 488 | 6,656 | ||||||
LL Flooring Holdings, Inc.* (Specialty Retail) | 553 | 5,552 | ||||||
LTC Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 732 | 30,671 | ||||||
LXP Industrial Trust (Equity Real Estate Investment Trusts (REITs)) | 2,658 | 29,158 | ||||||
M.D.C Holdings, Inc. (Household Durables) | 1,056 | 38,280 | ||||||
M/I Homes, Inc.* (Household Durables) | 525 | 24,155 | ||||||
ManTech International Corp.—Class A (Professional Services) | 511 | 48,964 | ||||||
Marcus & Millichap, Inc. (Real Estate Management & Development) | 200 | 8,184 | ||||||
Marten Transport, Ltd. (Road & Rail) | 1,095 | 23,609 | ||||||
Materion Corp. (Metals & Mining) | 160 | 13,110 | ||||||
Matthews International Corp.—Class A (Commercial Services & Supplies) | 581 | 16,239 | ||||||
MEDNAX, Inc.* (Health Care Providers & Services) | 1,597 | 36,188 | ||||||
Mercer International, Inc. (Paper & Forest Products) | 748 | 11,938 | ||||||
Meridian Bioscience, Inc.* (Health Care Equipment & Supplies) | 291 | 9,213 | ||||||
Merit Medical Systems, Inc.* (Health Care Equipment & Supplies) | 407 | 23,394 | ||||||
Meritage Homes Corp.* (Household Durables) | 360 | 31,788 | ||||||
Meritor, Inc.* (Machinery) | 1,313 | 47,819 | ||||||
Mesa Laboratories, Inc. (Health Care Equipment & Supplies) | 39 | 8,317 | ||||||
Methode Electronics, Inc. (Electronic Equipment, Instruments & Components) | 383 | 15,795 | ||||||
Middlesex Water Co. (Water Utilities) | 101 | 9,606 | ||||||
ModivCare, Inc.* (Health Care Providers & Services) | 98 | 9,780 | ||||||
Monro, Inc. (Specialty Retail) | 354 | 17,753 | ||||||
Moog, Inc.—Class A (Aerospace & Defense) | 538 | 46,075 | ||||||
Motorcar Parts of America, Inc.* (Auto Components) | 354 | 5,335 | ||||||
Mr. Cooper Group, Inc.* (Thrifts & Mortgage Finance) | 1,370 | 61,719 | ||||||
Myers Industries, Inc. (Containers & Packaging) | 384 | 9,343 | ||||||
Myriad Genetics, Inc.* (Biotechnology) | 716 | 18,888 | ||||||
Nabors Industries, Ltd.* (Energy Equipment & Services) | 163 | 23,226 | ||||||
National Bank Holdings Corp. (Banks) | 235 | 9,781 | ||||||
National Beverage Corp. (Beverages) | 187 | 10,132 | ||||||
National Presto Industries, Inc. (Aerospace & Defense) | 94 | 6,693 | ||||||
National Vision Holdings, Inc.* (Specialty Retail) | 830 | 24,186 | ||||||
NBT Bancorp, Inc. (Banks) | 793 | 32,148 | ||||||
Nektar Therapeutics* (Pharmaceuticals) | 1,901 | 7,528 | ||||||
NeoGenomics, Inc.* (Life Sciences Tools & Services) | 1,042 | 10,545 | ||||||
NETGEAR, Inc.* (Communications Equipment) | 533 | 13,741 | ||||||
NetScout Systems, Inc.* (Communications Equipment) | 1,370 | 48,745 | ||||||
New York Mortgage Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 7,073 | 22,209 | ||||||
NextGen Healthcare, Inc.* (Health Care Technology) | 1,042 | 17,839 | ||||||
NMI Holdings, Inc.*—Class A (Thrifts & Mortgage Finance) | 1,597 | 30,247 | ||||||
Northfield Bancorp, Inc. (Thrifts & Mortgage Finance) | 336 | 4,946 | ||||||
Northwest Bancshares, Inc. (Thrifts & Mortgage Finance) | 2,350 | 33,793 | ||||||
Northwest Natural Holding Co. (Gas Utilities) | 635 | 34,080 | ||||||
NOW, Inc.* (Trading Companies & Distributors) | 2,054 | 22,717 | ||||||
Oceaneering International, Inc.* (Energy Equipment & Services) | 1,860 | 19,753 | ||||||
Office Properties Income Trust (Equity Real Estate Investment Trusts (REITs)) | 898 | 18,660 | ||||||
OFG Bancorp (Banks) | 450 | 12,362 | ||||||
O-I Glass, Inc.* (Containers & Packaging) | 2,898 | 42,629 | ||||||
Oil States International, Inc.* (Energy Equipment & Services) | 1,149 | 5,860 | ||||||
Olympic Steel, Inc. (Metals & Mining) | 173 | 5,143 | ||||||
OneSpan, Inc.* (Software) | 326 | 3,609 | ||||||
OraSure Technologies, Inc.* (Health Care Equipment & Supplies) | 1,346 | 4,119 | ||||||
Orion Office REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,051 | 11,498 | ||||||
Orthofix Medical, Inc.* (Health Care Equipment & Supplies) | 369 | 9,465 | ||||||
OSI Systems, Inc.* (Electronic Equipment, Instruments & Components) | 167 | 16,144 | ||||||
Owens & Minor, Inc. (Health Care Providers & Services) | 1,412 | 49,999 | ||||||
Oxford Industries, Inc. (Textiles, Apparel & Luxury Goods) | 103 | 9,826 | ||||||
Pacific Premier Bancorp, Inc. (Banks) | 986 | 33,169 | ||||||
Pacira BioSciences, Inc.* (Pharmaceuticals) | 329 | 18,608 | ||||||
Par Pacific Holdings, Inc.* (Oil, Gas & Consumable Fuels) | 847 | 13,976 | ||||||
Park Aerospace Corp. (Aerospace & Defense) | 202 | 2,464 | ||||||
Park National Corp. (Banks) | 99 | 12,826 | ||||||
Patrick Industries, Inc. (Auto Components) | 215 | 13,055 | ||||||
Patterson-UTI Energy, Inc. (Energy Equipment & Services) | 4,012 | 66,399 | ||||||
PBF Energy, Inc.*—Class A (Oil, Gas & Consumable Fuels) | 1,770 | 59,029 | ||||||
PC Connection, Inc. (Electronic Equipment, Instruments & Components) | 205 | 9,723 | ||||||
PDF Solutions, Inc.* (Semiconductors & Semiconductor Equipment) | 204 | 5,504 | ||||||
PennyMac Mortgage Investment Trust (Mortgage Real Estate Investment Trusts (REITs)) | 1,706 | 26,204 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Small-Cap Value ProFund :: 179
Common Stocks, continued
Shares | Value | |||||||
Perdoceo Education Corp.* (Diversified Consumer Services) | 1,276 | $ | 17,481 | |||||
PetMed Express, Inc. (Internet & Direct Marketing Retail) | 389 | 8,488 | ||||||
PGT Innovations, Inc.* (Building Products) | 611 | 13,381 | ||||||
Phibro Animal Health Corp.—Class A (Pharmaceuticals) | 378 | 7,397 | ||||||
Photronics, Inc.* (Semiconductors & Semiconductor Equipment) | 1,145 | 27,262 | ||||||
Pitney Bowes, Inc. (Commercial Services & Supplies) | 3,025 | 9,892 | ||||||
Plantronics, Inc.* (Communications Equipment) | 412 | 16,393 | ||||||
Plexus Corp.* (Electronic Equipment, Instruments & Components) | 514 | 48,290 | ||||||
Powell Industries, Inc. (Electrical Equipment) | 168 | 4,025 | ||||||
PRA Group, Inc.* (Consumer Finance) | 738 | 29,401 | ||||||
Prestige Consumer Healthcare, Inc.* (Pharmaceuticals) | 439 | 26,477 | ||||||
PriceSmart, Inc. (Food & Staples Retailing) | 447 | 29,673 | ||||||
ProAssurance Corp. (Insurance) | 1,002 | 22,174 | ||||||
PROG Holdings, Inc.* (Consumer Finance) | 1,002 | 18,457 | ||||||
ProPetro Holding Corp.* (Energy Equipment & Services) | 1,585 | 16,674 | ||||||
Proto Labs, Inc.* (Machinery) | 509 | 24,885 | ||||||
Provident Financial Services, Inc. (Thrifts & Mortgage Finance) | 754 | 18,367 | ||||||
Quaker Chemical Corp. (Chemicals) | 105 | 17,032 | ||||||
Quanex Building Products Corp. (Building Products) | 620 | 15,258 | ||||||
QuinStreet, Inc.* (Interactive Media & Services) | 936 | 10,062 | ||||||
Rayonier Advanced Materials, Inc.* (Chemicals) | 1,187 | 4,202 | ||||||
RE/MAX Holdings, Inc. (Real Estate Management & Development) | 357 | 9,046 | ||||||
Ready Capital Corp. (Mortgage Real Estate Investment Trusts (REITs)) | 1,247 | 17,346 | ||||||
Realogy Holdings Corp.* (Real Estate Management & Development) | 2,191 | 21,757 | ||||||
REGENXBIO, Inc.* (Biotechnology) | 387 | 12,140 | ||||||
Renasant Corp. (Banks) | 1,037 | 34,636 | ||||||
Rent-A-Center, Inc. (Specialty Retail) | 519 | 12,212 | ||||||
Resideo Technologies, Inc.* (Building Products) | 2,697 | 60,709 | ||||||
Resources Connection, Inc. (Professional Services) | 578 | 12,404 | ||||||
Retail Opportunity Investments Corp. (Equity Real Estate Investment Trusts (REITs)) | 1,175 | 20,516 | ||||||
REX American Resources Corp.* (Oil, Gas & Consumable Fuels) | 97 | 9,260 | ||||||
RPC, Inc.* (Energy Equipment & Services) | 1,308 | 10,673 | ||||||
RPT Realty (Equity Real Estate Investment Trusts (REITs)) | 774 | 8,413 | ||||||
Ruth's Hospitality Group, Inc. (Hotels, Restaurants & Leisure) | 581 | 10,197 | ||||||
S&T Bancorp, Inc. (Banks) | 729 | 22,555 | ||||||
Safety Insurance Group, Inc. (Insurance) | 259 | 22,416 | ||||||
Sally Beauty Holdings, Inc.* (Specialty Retail) | 1,111 | 14,199 | ||||||
Sanmina Corp.* (Electronic Equipment, Instruments & Components) | 1,128 | 51,944 | ||||||
Saul Centers, Inc. (Equity Real Estate Investment Trusts (REITs)) | 75 | 3,921 | ||||||
ScanSource, Inc.* (Electronic Equipment, Instruments & Components) | 468 | 14,953 | ||||||
Scholastic Corp. (Media) | 566 | 26,641 | ||||||
Schweitzer-Mauduit International, Inc. (Paper & Forest Products) | 1,014 | 22,156 | ||||||
Seacoast Banking Corp. of Florida (Banks) | 544 | 19,464 | ||||||
Select Medical Holdings Corp. (Health Care Providers & Services) | 1,914 | 56,692 | ||||||
Selectquote, Inc.* (Insurance) | 1,183 | 2,177 | ||||||
Seneca Foods Corp.*—Class A (Food Products) | 113 | 6,432 | ||||||
Service Properties Trust (Equity Real Estate Investment Trusts (REITs)) | 3,063 | 20,032 | ||||||
Shake Shack, Inc.*—Class A (Hotels, Restaurants & Leisure) | 328 | 16,879 | ||||||
Shenandoah Telecommunications Co. (Wireless Telecommunication Services) | 929 | 20,717 | ||||||
Simmons First National Corp.—Class A (Banks) | 2,352 | 55,860 | ||||||
Simulations Plus, Inc. (Health Care Technology) | 117 | 7,506 | ||||||
SiriusPoint, Ltd.* (Insurance) | 1,607 | 7,039 | ||||||
SITE Centers Corp. (Equity Real Estate Investment Trusts (REITs)) | 1,518 | 22,178 | ||||||
Six Flags Entertainment Corp.* (Hotels, Restaurants & Leisure) | 734 | 16,640 | ||||||
SkyWest, Inc.* (Airlines) | 937 | 22,629 | ||||||
SMART Global Holdings, Inc.* (Semiconductors & Semiconductor Equipment) | 342 | 6,710 | ||||||
Sonic Automotive, Inc.—Class A (Specialty Retail) | 362 | 15,150 | ||||||
Sonos, Inc.* (Household Durables) | 1,210 | 26,753 | ||||||
South Jersey Industries, Inc. (Gas Utilities) | 2,270 | 77,817 | ||||||
Southside Bancshares, Inc. (Banks) | 220 | 8,787 | ||||||
SpartanNash Co. (Food & Staples Retailing) | 670 | 21,634 | ||||||
SPX Corp.* (Machinery) | 492 | 29,092 | ||||||
Standard Motor Products, Inc. (Auto Components) | 352 | 16,100 | ||||||
Standex International Corp. (Machinery) | 117 | 11,358 | ||||||
Stepan Co. (Chemicals) | 395 | 44,323 | ||||||
Steven Madden, Ltd. (Textiles, Apparel & Luxury Goods) | 460 | 14,582 | ||||||
Stewart Information Services Corp. (Insurance) | 256 | 13,990 | ||||||
StoneX Group, Inc.* (Capital Markets) | 319 | 27,794 | ||||||
Strategic Education, Inc. (Diversified Consumer Services) | 425 | 30,528 | ||||||
Stride, Inc.* (Diversified Consumer Services) | 412 | 18,408 | ||||||
Summit Hotel Properties, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 1,987 | 15,598 | ||||||
Sun Country Airlines Holdings, Inc.* (Airlines) | 232 | 4,679 | ||||||
SunCoke Energy, Inc. (Metals & Mining) | 1,547 | 11,448 | ||||||
Sunstone Hotel Investors, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 3,135 | 35,520 | ||||||
Surmodics, Inc.* (Health Care Equipment & Supplies) | 91 | 3,167 | ||||||
Sylvamo Corp. (Paper & Forest Products) | 654 | 25,663 | ||||||
Talos Energy, Inc.* (Oil, Gas & Consumable Fuels) | 765 | 14,497 | ||||||
Telephone and Data Systems, Inc. (Wireless Telecommunication Services) | 1,830 | 28,932 |
See accompanying notes to the financial statements.
180 :: Small-Cap Value ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Tennant Co. (Machinery) | 197 | $ | 13,205 | |||||
The Andersons, Inc. (Food & Staples Retailing) | 584 | 21,123 | ||||||
The Cato Corp.—Class A (Specialty Retail) | 325 | 4,014 | ||||||
The Cheesecake Factory, Inc. (Hotels, Restaurants & Leisure) | 911 | 26,628 | ||||||
The Chefs' Warehouse, Inc.* (Food & Staples Retailing) | 610 | 21,112 | ||||||
The E.W. Scripps Co.*—Class A (Media) | 580 | 8,271 | ||||||
The Ensign Group, Inc. (Health Care Providers & Services) | 449 | 35,781 | ||||||
The GEO Group, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 2,303 | 15,108 | ||||||
The Greenbrier Cos., Inc. (Machinery) | 604 | 19,219 | ||||||
The Marcus Corp.* (Entertainment) | 408 | 6,703 | ||||||
The ODP Corp.* (Specialty Retail) | 812 | 29,476 | ||||||
The Pennant Group, Inc.* (Health Care Providers & Services) | 247 | 3,295 | ||||||
TimkenSteel Corp.* (Metals & Mining) | 770 | 15,623 | ||||||
Titan International, Inc.* (Machinery) | 954 | 15,989 | ||||||
Tompkins Financial Corp. (Banks) | 122 | 9,412 | ||||||
Tootsie Roll Industries, Inc. (Food Products) | 164 | 5,760 | ||||||
Tredegar Corp. (Chemicals) | 478 | 5,009 | ||||||
TreeHouse Foods, Inc.* (Food Products) | 1,038 | 45,069 | ||||||
Tri Pointe Homes, Inc.* (Household Durables) | 1,919 | 35,540 | ||||||
Trinity Industries, Inc. (Machinery) | 649 | 16,842 | ||||||
Trinseo PLC (Chemicals) | 670 | 23,966 | ||||||
TrueBlue, Inc.* (Professional Services) | 617 | 13,352 | ||||||
TrustCo Bank Corp. (Thrifts & Mortgage Finance) | 356 | 11,947 | ||||||
Trustmark Corp. (Banks) | 1,140 | 37,016 | ||||||
TTM Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 1,873 | 25,342 | ||||||
Tupperware Brands Corp.* (Household Durables) | 852 | 6,356 | ||||||
Two Harbors Investment Corp. (Mortgage Real Estate Investment Trusts (REITs)) | 6,385 | 34,352 | ||||||
U.S. Physical Therapy, Inc. (Health Care Providers & Services) | 133 | 17,261 | ||||||
U.S. Silica Holdings, Inc.* (Energy Equipment & Services) | 1,401 | 19,376 | ||||||
Unifi, Inc.* (Textiles, Apparel & Luxury Goods) | 258 | 3,517 | ||||||
UniFirst Corp. (Commercial Services & Supplies) | 282 | 55,240 | ||||||
Unisys Corp.* (IT Services) | 653 | 8,959 | ||||||
United Community Banks, Inc. (Banks) | 701 | 23,855 | ||||||
United Fire Group, Inc. (Insurance) | 400 | 13,132 | ||||||
Uniti Group, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,848 | 18,425 | ||||||
Unitil Corp. (Multi-Utilities) | 297 | 16,267 | ||||||
Universal Corp. (Tobacco) | 456 | 25,495 | ||||||
Universal Electronics, Inc.* (Household Durables) | 235 | 6,521 | ||||||
Universal Health Realty Income Trust (Equity Real Estate Investment Trusts (REITs)) | 110 | 5,929 | ||||||
Universal Insurance Holdings, Inc. (Insurance) | 516 | 6,527 | ||||||
Urban Edge Properties (Equity Real Estate Investment Trusts (REITs)) | 1,126 | 18,500 | ||||||
Urban Outfitters, Inc.* (Specialty Retail) | 1,189 | 24,351 | ||||||
Urstadt Biddle Properties, Inc.—Class A (Equity Real Estate Investment Trusts (REITs)) | 258 | 4,747 | ||||||
USANA Health Sciences, Inc.* (Personal Products) | 70 | 4,873 | ||||||
Vanda Pharmaceuticals, Inc.* (Biotechnology) | 378 | 4,075 | ||||||
Varex Imaging Corp.* (Health Care Equipment & Supplies) | 265 | 5,907 | ||||||
Veris Residential, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 1,485 | 20,716 | ||||||
Veritiv Corp.* (Trading Companies & Distributors) | 259 | 32,121 | ||||||
Viad Corp.* (Commercial Services & Supplies) | 179 | 6,045 | ||||||
Viavi Solutions, Inc.* (Communications Equipment) | 1,606 | 23,769 | ||||||
Wabash National Corp. (Machinery) | 909 | 16,417 | ||||||
Warrior Met Coal, Inc. (Metals & Mining) | 958 | 30,589 | ||||||
Washington Real Estate Investment Trust (Equity Real Estate Investment Trusts (REITs)) | 908 | 20,130 | ||||||
WD-40 Co. (Household Products) | 107 | 18,979 | ||||||
Westamerica Bancorp (Banks) | 498 | 29,885 | ||||||
Whitestone REIT (Equity Real Estate Investment Trusts (REITs)) | 857 | 9,624 | ||||||
Winnebago Industries, Inc. (Automobiles) | 298 | 17,990 | ||||||
WisdomTree Investments, Inc. (Capital Markets) | 775 | 4,030 | ||||||
Wolverine World Wide, Inc. (Textiles, Apparel & Luxury Goods) | 809 | 18,178 | ||||||
World Fuel Services Corp. (Oil, Gas & Consumable Fuels) | 1,168 | 32,377 | ||||||
WSFS Financial Corp. (Thrifts & Mortgage Finance) | 672 | 32,068 | ||||||
WW International, Inc.* (Diversified Consumer Services) | 993 | 6,594 | ||||||
Xenia Hotels & Resorts, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 2,121 | 34,827 | ||||||
Xperi Holding Corp. (Software) | 925 | 15,503 | ||||||
Yelp, Inc.* (Interactive Media & Services) | 630 | 19,315 | ||||||
Zimvie, Inc.* (Health Care Equipment & Supplies) | 387 | 7,516 | ||||||
Zumiez, Inc.* (Specialty Retail) | 306 | 7,956 | ||||||
TOTAL COMMON STOCKS (Cost $6,815,132) | 9,191,806 | |||||||
Collateral for Securities Loaned(b) (0.6%) | ||||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(c) | 58,515 | 58,515 | ||||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $58,515) | 58,515 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $6,873,647)—100.2% | 9,250,321 | |||||||
Net other assets (liabilities)—(0.2)% | (18,701 | ) | ||||||
NET ASSETS—100.0% | $ | 9,231,620 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $57,448. |
(b) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(c) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Small-Cap Value ProFund :: 181
Small-Cap Value ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Aerospace & Defense | $ | 128,912 | 1.4 | % | ||||
Air Freight & Logistics | 85,003 | 0.9 | % | |||||
Airlines | 74,082 | 0.8 | % | |||||
Auto Components | 91,986 | 1.0 | % | |||||
Automobiles | 17,990 | 0.2 | % | |||||
Banks | 1,009,553 | 10.9 | % | |||||
Beverages | 10,132 | 0.1 | % | |||||
Biotechnology | 83,793 | 0.9 | % | |||||
Building Products | 179,073 | 1.9 | % | |||||
Capital Markets | 41,644 | 0.4 | % | |||||
Chemicals | 247,359 | 2.7 | % | |||||
Commercial Services & Supplies | 280,908 | 3.0 | % | |||||
Communications Equipment | 138,248 | 1.5 | % | |||||
Construction & Engineering | 71,374 | 0.8 | % | |||||
Consumer Finance | 101,092 | 1.1 | % | |||||
Containers & Packaging | 51,972 | 0.6 | % | |||||
Diversified Consumer Services | 136,166 | 1.5 | % | |||||
Diversified Telecommunication Services | 34,801 | 0.4 | % | |||||
Electrical Equipment | 23,509 | 0.3 | % | |||||
Electronic Equipment, Instruments & Components | 397,132 | 4.3 | % | |||||
Energy Equipment & Services | 329,410 | 3.6 | % | |||||
Entertainment | 24,209 | 0.3 | % | |||||
Equity Real Estate Investment Trusts (REITs) | 793,939 | 8.6 | % | |||||
Food & Staples Retailing | 93,542 | 1.0 | % | |||||
Food Products | 247,656 | 2.7 | % | |||||
Gas Utilities | 133,425 | 1.4 | % | |||||
Health Care Equipment & Supplies | 292,579 | 3.2 | % | |||||
Health Care Providers & Services | 293,930 | 3.2 | % | |||||
Health Care Technology | 60,371 | 0.6 | % | |||||
Hotels, Restaurants & Leisure | 183,836 | 2.0 | % | |||||
Household Durables | 223,637 | 2.4 | % | |||||
Household Products | 56,770 | 0.6 | % | |||||
Insurance | 314,544 | 3.4 | % | |||||
Interactive Media & Services | 36,645 | 0.4 | % | |||||
Internet & Direct Marketing Retail | 8,488 | 0.1 | % | |||||
IT Services | 38,512 | 0.4 | % | |||||
Leisure Products | 27,926 | 0.3 | % | |||||
Life Sciences Tools & Services | 10,545 | 0.1 | % | |||||
Machinery | 489,015 | 5.3 | % | |||||
Media | 56,871 | 0.6 | % | |||||
Metals & Mining | 249,259 | 2.7 | % | |||||
Mortgage Real Estate Investment Trusts (REITs) | 212,198 | 2.3 | % | |||||
Multiline Retail | 10,701 | 0.1 | % | |||||
Multi-Utilities | 73,022 | 0.8 | % | |||||
Oil, Gas & Consumable Fuels | 209,402 | 2.3 | % | |||||
Paper & Forest Products | 76,033 | 0.8 | % | |||||
Personal Products | 43,818 | 0.5 | % | |||||
Pharmaceuticals | 101,143 | 1.1 | % | |||||
Professional Services | 88,595 | 1.0 | % | |||||
Real Estate Management & Development | 38,987 | 0.4 | % | |||||
Road & Rail | 37,328 | 0.4 | % | |||||
Semiconductors & Semiconductor Equipment | 80,392 | 0.9 | % | |||||
Software | 68,604 | 0.7 | % | |||||
Specialty Retail | 357,808 | 3.9 | % | |||||
Technology Hardware, Storage & Peripherals | 5,330 | 0.1 | % | |||||
Textiles, Apparel & Luxury Goods | 84,432 | 0.9 | % | |||||
Thrifts & Mortgage Finance | 225,409 | 2.4 | % | |||||
Tobacco | 25,495 | 0.3 | % | |||||
Trading Companies & Distributors | 167,996 | 1.8 | % | |||||
Water Utilities | 54,429 | 0.6 | % | |||||
Wireless Telecommunication Services | 60,846 | 0.7 | % | |||||
Other** | 39,814 | 0.4 | % | |||||
Total | $ | 9,231,620 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
182 :: Technology UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (77.2%)
Shares | Value | |||||||
ACI Worldwide, Inc.* (Software) | 386 | $ | 11,013 | |||||
Adobe, Inc.* (Software) | 1,590 | 652,090 | ||||||
Advanced Micro Devices, Inc.* (Semiconductors & Semiconductor Equipment) | 5,453 | 515,145 | ||||||
Akamai Technologies, Inc.* (IT Services) | 539 | 51,863 | ||||||
Allegro MicroSystems, Inc.* (Semiconductors & Semiconductor Equipment) | 186 | 4,618 | ||||||
Alphabet, Inc.*—Class A (Interactive Media & Services) | 20,240 | 2,354,317 | ||||||
Alphabet, Inc.*—Class C (Interactive Media & Services) | 18,557 | 2,164,488 | ||||||
Alteryx, Inc.* (Software) | 204 | 9,880 | ||||||
Amdocs, Ltd. (IT Services) | 419 | 36,478 | ||||||
Amkor Technology, Inc. (Semiconductors & Semiconductor Equipment) | 338 | 6,817 | ||||||
Analog Devices, Inc. (Semiconductors & Semiconductor Equipment) | 1,761 | 302,822 | ||||||
Angi, Inc.* (Interactive Media & Services) | 251 | 1,305 | ||||||
ANSYS, Inc.* (Software) | 292 | 81,465 | ||||||
Appian Corp.* (Software) | 137 | 6,649 | ||||||
Apple, Inc. (Technology Hardware,Storage & Peripherals) | 51,736 | 8,407,618 | ||||||
Applied Materials, Inc. (Semiconductors & Semiconductor Equipment) | 2,972 | 314,973 | ||||||
AppLovin Corp.*—Class A (Software) | 121 | 4,300 | ||||||
Arista Networks, Inc.* (Communications Equipment) | 758 | 88,406 | ||||||
Asana, Inc.*—Class A (Software) | 282 | 5,448 | ||||||
Aspen Technology, Inc.* (Software) | 94 | 19,184 | ||||||
Autodesk, Inc.* (Software) | 732 | 158,346 | ||||||
Avalara, Inc.* (Software) | 296 | 25,876 | ||||||
Bentley Systems, Inc.—Class B (Software) | 631 | 24,988 | ||||||
Bill.com Holdings, Inc.* (Software) | 312 | 42,145 | ||||||
Black Knight, Inc.* (IT Services) | 525 | 34,482 | ||||||
Blackbaud, Inc.* (Software) | 154 | 9,443 | ||||||
Blackline, Inc.* (Software) | 182 | 11,506 | ||||||
Broadcom, Inc. (Semiconductors & Semiconductor Equipment) | 1,375 | 736,285 | ||||||
Bumble, Inc.*—Class A (Interactive Media & Services) | 244 | 9,252 | ||||||
Cadence Design Systems, Inc.* (Software) | 928 | 172,682 | ||||||
Cargurus, Inc.* (Interactive Media & Services) | 297 | 7,214 | ||||||
CCC Intelligent Solutions Holdings, Inc.*(Software) | 206 | 2,058 | ||||||
CDW Corp. (Electronic Equipment,Instruments & Components) | 455 | 82,596 | ||||||
Ceridian HCM Holding, Inc.* (Software) | 462 | 25,304 | ||||||
Chewy, Inc.*—Class A (Internet & Direct Marketing Retail) | 305 | 11,837 | ||||||
Ciena Corp.* (Communications Equipment) | 512 | 26,419 | ||||||
Cirrus Logic, Inc.* (Semiconductors & Semiconductor Equipment) | 193 | 16,494 | ||||||
Cisco Systems, Inc. (Communications Equipment) | 13,977 | 634,135 | ||||||
Citrix Systems, Inc. (Software) | 420 | 42,592 | ||||||
Clear Secure, Inc.*(a)—Class A (Software) | 49 | 1,241 | ||||||
Cloudflare, Inc.*—Class A (Software) | 946 | 47,603 | ||||||
Cognizant Technology Solutions Corp.—Class A (IT Services) | 1,754 | 119,202 | ||||||
Confluent, Inc.*—Class A (Software) | 394 | 10,027 | ||||||
Consensus Cloud Solutions, Inc.* (Software) | 54 | 2,918 | ||||||
Coupa Software, Inc.* (Software) | 253 | 16,551 | ||||||
Crowdstrike Holdings, Inc.*—Class A(Software) | 717 | 131,641 | ||||||
Datadog, Inc.*—Class A (Software) | 866 | 88,341 | ||||||
Dell Technologies, Inc.—Class C(Technology Hardware, Storage & Peripherals) | 923 | 41,590 | ||||||
Digital Turbine, Inc.* (Software) | 297 | 5,961 | ||||||
DocuSign, Inc.* (Software) | 672 | 42,995 | ||||||
Dolby Laboratories, Inc.—Class A(Electronic Equipment, Instruments & Components) | 219 | 16,951 | ||||||
DoorDash, Inc.*—Class A (Internet & Direct Marketing Retail) | 562 | 39,200 | ||||||
Dropbox, Inc.* (Software) | 902 | 20,511 | ||||||
Duck Creek Technologies, Inc.* (Software) | 255 | 3,519 | ||||||
DXC Technology Co.* (IT Services) | 823 | 26,007 | ||||||
Dynatrace, Inc.* (Software) | 664 | 24,986 | ||||||
eBay, Inc. (Internet & Direct Marketing Retail) | 1,884 | 91,619 | ||||||
Elastic NV* (Software) | 246 | 19,653 | ||||||
Enphase Energy, Inc.* (Semiconductors & Semiconductor Equipment) | 454 | 129,018 | ||||||
Entegris, Inc. (Semiconductors & Semiconductor Equipment) | 500 | 54,950 | ||||||
EPAM Systems, Inc.* (IT Services) | 192 | 67,056 | ||||||
Etsy, Inc.* (Internet & Direct Marketing Retail) | 427 | 44,288 | ||||||
F5, Inc.* (Communications Equipment) | 204 | 34,141 | ||||||
Fair Isaac Corp.* (Software) | 87 | 40,197 | ||||||
Fastly, Inc.*—Class A (IT Services) | 371 | 4,218 | ||||||
Five9, Inc.* (Software) | 233 | 25,192 | ||||||
Fortinet, Inc.* (Software) | 2,241 | 133,676 | ||||||
Garmin, Ltd. (Household Durables) | 513 | 50,079 | ||||||
Gartner, Inc.* (IT Services) | 271 | 71,945 | ||||||
Gitlab, Inc.*—Class A (Software) | 123 | 7,060 | ||||||
GLOBALFOUNDRIES, Inc.*(a)(Semiconductors & Semiconductor Equipment) | 179 | 9,215 | ||||||
GoDaddy, Inc.*—Class A (IT Services) | 544 | 40,354 | ||||||
Guidewire Software, Inc.* (Software) | 281 | 21,839 | ||||||
HashiCorp, Inc.*—Class A (Software) | 107 | 3,878 | ||||||
Hewlett Packard Enterprises Co.(Technology Hardware, Storage & Peripherals) | 4,376 | 62,314 | ||||||
HP, Inc. (Technology Hardware, Storage & Peripherals) | 3,544 | 118,334 | ||||||
HubSpot, Inc.* (Software) | 153 | 47,124 | ||||||
IAC/InterActive Corp.* (Interactive Media & Services) | 283 | 19,386 | ||||||
Informatica, Inc.*—Class A (Software) | 103 | 2,359 | ||||||
Intel Corp. (Semiconductors & Semiconductor Equipment) | 13,758 | 499,553 | ||||||
International Business Machines Corp.(IT Services) | 3,027 | 395,901 | ||||||
Intuit, Inc. (Software) | 951 | 433,818 | ||||||
Juniper Networks, Inc. (Communications Equipment) | 1,088 | 30,497 | ||||||
KLA Corp. (Semiconductors & Semiconductor Equipment) | 502 | 192,537 | ||||||
Kyndryl Holdings, Inc.* (IT Services) | 605 | 6,334 | ||||||
Lam Research Corp. (Semiconductors & Semiconductor Equipment) | 467 | 233,738 | ||||||
Lattice Semiconductor Corp.*(Semiconductors & Semiconductor Equipment) | 463 | 28,475 | ||||||
Liberty Global PLC*—Class A (Media) | 589 | 12,817 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Technology UltraSector ProFund :: 183
Common Stocks, continued
Shares | Value | |||||||
Liberty Global PLC*—Class C (Diversified Telecommunication Services) | 1,002 | $ | 22,936 | |||||
LiveRamp Holdings, Inc.* (IT Services) | 229 | 6,094 | ||||||
Lumen Technologies, Inc. (Diversified Telecommunication Services) | 3,128 | 34,064 | ||||||
Lumentum Holdings, Inc.* (Communications Equipment) | 232 | 20,987 | ||||||
Mandiant, Inc.* (Software) | 808 | 18,406 | ||||||
Manhattan Associates, Inc.* (Software) | 212 | 29,822 | ||||||
Marvell Technology, Inc. (Semiconductors & Semiconductor Equipment) | 2,862 | 159,356 | ||||||
Match Group, Inc.* (Interactive Media & Services) | 962 | 70,524 | ||||||
Matterport, Inc.*(a) (Software) | 721 | 3,064 | ||||||
Meta Platforms, Inc.*—Class A (Interactive Media & Services) | 7,717 | 1,227,775 | ||||||
Microchip Technology, Inc.(Semiconductors & Semiconductor Equipment) | 1,871 | 128,837 | ||||||
Micron Technology, Inc. (Semiconductors & Semiconductor Equipment) | 3,758 | 232,470 | ||||||
Microsoft Corp. (Software) | 25,165 | 7,064,821 | ||||||
MicroStrategy, Inc.*(a) (Software) | 32 | 9,154 | ||||||
MKS Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 187 | 22,103 | ||||||
MongoDB, Inc.* (IT Services) | 227 | 70,931 | ||||||
Monolithic Power Systems, Inc.(Semiconductors & Semiconductor Equipment) | 147 | 68,314 | ||||||
Motorola Solutions, Inc. (Communications Equipment) | 563 | 134,326 | ||||||
nCino, Inc.* (Software) | 193 | 6,232 | ||||||
NCR Corp.* (Technology Hardware,Storage & Peripherals) | 460 | 14,927 | ||||||
NetApp, Inc. (Technology Hardware,Storage & Peripherals) | 749 | 53,426 | ||||||
New Relic, Inc.* (Software) | 201 | 12,195 | ||||||
NortonLifelock, Inc. (Software) | 1,958 | 48,030 | ||||||
Nutanix, Inc.*—Class A (Software) | 743 | 11,242 | ||||||
NVIDIA Corp. (Semiconductors & Semiconductor Equipment) | 8,425 | 1,530,232 | ||||||
NXP Semiconductors N.V. (Semiconductors & Semiconductor Equipment) | 884 | 162,550 | ||||||
Okta, Inc.* (IT Services) | 507 | 49,914 | ||||||
ON Semiconductor Corp.* (Semiconductors & Semiconductor Equipment) | 1,462 | 97,632 | ||||||
Oracle Corp. (Software) | 5,297 | 412,318 | ||||||
Palantir Technologies, Inc.*—Class A(Software) | 5,503 | 56,956 | ||||||
Palo Alto Networks, Inc.* (Software) | 332 | 165,701 | ||||||
Paycom Software, Inc.* (Software) | 162 | 53,539 | ||||||
Paylocity Holding Corp.* (Software) | 133 | 27,389 | ||||||
Pegasystems, Inc. (Software) | 138 | 5,541 | ||||||
Power Integrations, Inc. (Semiconductors & Semiconductor Equipment) | 196 | 16,662 | ||||||
Procore Technologies, Inc.* (Software) | 32 | 1,654 | ||||||
PTC, Inc.* (Software) | 355 | 43,800 | ||||||
Pure Storage, Inc.*—Class A (Technology Hardware, Storage & Peripherals) | 945 | 26,791 | ||||||
Q2 Holdings, Inc.* (Software) | 193 | 8,473 | ||||||
Qorvo, Inc.* (Semiconductors & Semiconductor Equipment) | 365 | 37,986 | ||||||
Qualcomm, Inc. (Semiconductors & Semiconductor Equipment) | 3,768 | 546,586 | ||||||
Qualtrics International, Inc.*—Class A(Software) | 349 | 4,450 | ||||||
Rapid7, Inc.* (Software) | 196 | 12,538 | ||||||
RingCentral, Inc.*—Class A (Software) | 286 | 14,154 | ||||||
Roper Technologies, Inc. (Industrial Conglomerates) | 356 | 155,455 | ||||||
Salesforce, Inc.* (Software) | 3,343 | 615,178 | ||||||
Samsara, Inc.*—Class A (Software) | 231 | 3,340 | ||||||
Seagate Technology Holdings PLC(Technology Hardware, Storage & Peripherals) | 665 | 53,187 | ||||||
Semtech Corp.* (Semiconductors & Semiconductor Equipment) | 213 | 13,276 | ||||||
SentinelOne, Inc.*—Class A (Software) | 624 | 15,506 | ||||||
ServiceNow, Inc.* (Software) | 674 | 301,049 | ||||||
Silicon Laboratories, Inc.*(Semiconductors & Semiconductor Equipment) | 123 | 18,140 | ||||||
Skyworks Solutions, Inc. (Semiconductors & Semiconductor Equipment) | 542 | 59,013 | ||||||
Smartsheet, Inc.* (Software) | 434 | 13,046 | ||||||
Snap, Inc.* (Interactive Media & Services) | 3,674 | 36,299 | ||||||
Snowflake, Inc.*—Class A (IT Services) | 815 | 122,177 | ||||||
SolarEdge Technologies, Inc.*(Semiconductors & Semiconductor Equipment) | 186 | 66,984 | ||||||
SolarWinds Corp. (IT Services) | 152 | 1,628 | ||||||
Splunk, Inc.* (Software) | 542 | 56,319 | ||||||
Squarespace, Inc.*—Class A (IT Services) | 96 | 2,042 | ||||||
Synopsys, Inc.* (Software) | 515 | 189,263 | ||||||
TD SYNNEX Corp. (Electronic Equipment,Instruments & Components) | 139 | 13,958 | ||||||
Teradyne, Inc. (Semiconductors & Semiconductor Equipment) | 539 | 54,380 | ||||||
Texas Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 3,103 | 555,096 | ||||||
Thoughtworks Holding, Inc.* (IT Services) | 125 | 1,958 | ||||||
Trade Desk, Inc. (The)*(a) (Software) | 1,488 | 66,960 | ||||||
Twilio, Inc.* (IT Services) | 578 | 49,014 | ||||||
Twitter, Inc.* (Interactive Media & Services) | 2,567 | 106,813 | ||||||
Tyler Technologies, Inc.* (Software) | 140 | 55,860 | ||||||
Ubiquiti, Inc. (Communications Equipment) | 20 | 6,033 | ||||||
UiPath, Inc.*—Class A (Software) | 935 | 17,139 | ||||||
Unity Software, Inc.* (Software) | 558 | 20,864 | ||||||
Universal Display Corp. (Semiconductors & Semiconductor Equipment) | 146 | 16,857 | ||||||
Varonis Systems, Inc.* (Software) | 369 | 9,384 | ||||||
Veeva Systems, Inc.*—Class A (Health Care Technology) | 470 | 105,083 | ||||||
Verint Systems, Inc.* (Software) | 218 | 9,956 | ||||||
VeriSign, Inc.* (IT Services) | 321 | 60,720 | ||||||
Viavi Solutions, Inc.* (Communications Equipment) | 767 | 11,352 | ||||||
Vimeo, Inc.* (Interactive Media & Services) | 528 | 2,936 | ||||||
VMware, Inc.—Class A (Software) | 680 | 79,016 | ||||||
Western Digital Corp.* (Technology Hardware, Storage & Peripherals) | 1,054 | 51,751 | ||||||
Wolfspeed, Inc.* (Semiconductors & Semiconductor Equipment) | 416 | 34,653 | ||||||
Workday, Inc.*—Class A (Software) | 669 | 103,762 | ||||||
Workiva, Inc.* (Software) | 162 | 10,611 | ||||||
Xerox Holdings Corp. (Technology Hardware,Storage & Peripherals) | 402 | 6,886 | ||||||
Zendesk, Inc.* (Software) | 412 | 31,073 |
See accompanying notes to the financial statements.
184 :: Technology UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Ziff Davis, Inc.* (Interactive Media & Services) | 160 | $ | 13,102 | |||||
Zoom Video Communications, Inc.*—Class A (Software) | 765 | 79,453 | ||||||
Zscaler, Inc.* (Software) | 270 | 41,866 | ||||||
TOTAL COMMON STOCKS (Cost $8,012,796) | 36,766,682 |
Repurchase Agreements(b)(c) (19.3%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%,dated 7/29/22, due 8/1/22, total to be received $9,165,664 | $ | 9,164,000 | $ | 9,164,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $9,164,000) | 9,164,000 |
Collateral for Securities Loaned(d) (0.1%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(e) | 43,770 | $ | 43,770 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $43,770) | 43,770 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $17,220,566)—96.6% | 45,974,452 | |||||||
Net other assets (liabilities)—3.4% | 1,606,014 | |||||||
NET ASSETS—100.0% | $ | 47,580,466 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $42,782. |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $6,447,000. |
(d) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(e) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||||||
Dow Jones U.S. Technology Index | Goldman Sachs International | 8/23/22 | 2.93 | % | $ | 22,126,798 | $ | 1,299,545 | |||||||||
Dow Jones U.S. Technology Index | UBS AG | 8/23/22 | 2.93 | % | 12,606,784 | 729,212 | |||||||||||
$ | 34,733,582 | $ | 2,028,757 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Technology UltraSector ProFund :: 185
Technology UltraSector ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Communications Equipment | $ | 986,296 | 2.1 | % | ||||
Diversified Telecommunication Services | 57,000 | 0.1 | % | |||||
Electronic Equipment, Instruments & Components | 113,505 | 0.2 | % | |||||
Health Care Technology | 105,083 | 0.2 | % | |||||
Household Durables | 50,079 | 0.1 | % | |||||
Industrial Conglomerates | 155,454 | 0.3 | % | |||||
Interactive Media & Services | 6,013,411 | 12.6 | % | |||||
Internet & Direct Marketing Retail | 186,944 | 0.4 | % | |||||
IT Services | 1,218,318 | 2.5 | % | |||||
Media | 12,817 | NM | ||||||
Semiconductors & Semiconductor Equipment | 6,865,767 | 14.4 | % | |||||
Software | 12,165,184 | 25.7 | % | |||||
Technology Hardware, Storage & Peripherals | 8,836,824 | 18.6 | % | |||||
Other** | 10,813,784 | 22.8 | % | |||||
Total | $ | 47,580,466 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
NM | Not meaningful, amount is less than 0.05%. |
See accompanying notes to the financial statements.
186 :: Telecommunications UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (72.9%)
Shares | Value | |||||||
ADTRAN Holdings, Inc. (Communications Equipment) | 162 | $ | 3,903 | |||||
Anterix, Inc.* (Diversified Telecommunication Services) | 38 | 1,691 | ||||||
Arista Networks, Inc.* (Communications Equipment) | 266 | 31,025 | ||||||
AT&T, Inc. (Diversified Telecommunication Services) | 1,297 | 24,358 | ||||||
ATN International, Inc. (Diversified Telecommunication Services) | 21 | 967 | ||||||
Ciena Corp.* (Communications Equipment) | 319 | 16,460 | ||||||
Cisco Systems, Inc. (Communications Equipment) | 3,036 | 137,744 | ||||||
CommScope Holding Co., Inc.* (Communications Equipment) | 435 | 3,928 | ||||||
Comtech Telecommunications Corp. (Communications Equipment) | 55 | 639 | ||||||
Consolidated Communications Holdings, Inc.* (Diversified Telecommunication Services) | 154 | 1,016 | ||||||
EchoStar Corp.*—Class A (Diversified Telecommunication Services) | 79 | 1,561 | ||||||
Extreme Networks, Inc.* (Communications Equipment) | 274 | 3,584 | ||||||
F5, Inc.* (Communications Equipment) | 127 | 21,255 | ||||||
Frontier Communications Parent, Inc.* (Diversified Telecommunication Services) | 436 | 11,297 | ||||||
Garmin, Ltd. (Household Durables) | 265 | 25,869 | ||||||
Globalstar, Inc.* (Diversified Telecommunication Services) | 1,390 | 1,946 | ||||||
Harmonic, Inc.* (Communications Equipment) | 219 | 2,391 | ||||||
IDT Corp.*—Class B (Diversified Telecommunication Services) | 38 | 989 | ||||||
Inseego Corp.* (Communications Equipment) | 168 | 375 | ||||||
Iridium Communications, Inc.* (Diversified Telecommunication Services) | 267 | 11,938 | ||||||
Juniper Networks, Inc. (Communications Equipment) | 676 | 18,948 | ||||||
Liberty Global PLC*—Class A (Media) | 366 | 7,964 | ||||||
Liberty Global PLC*—Class C (Diversified Telecommunication Services) | 622 | 14,238 | ||||||
Liberty Latin America, Ltd.*—Class A (Media) | 84 | 619 | ||||||
Liberty Latin America, Ltd.*—Class C (Media) | 321 | 2,356 | ||||||
Lumen Technologies, Inc. (Diversified Telecommunication Services) | 1,941 | 21,137 | ||||||
Lumentum Holdings, Inc.* (Communications Equipment) | 144 | 13,026 | ||||||
Motorola Solutions, Inc. (Communications Equipment) | 124 | 29,585 | ||||||
NETGEAR, Inc.* (Communications Equipment) | 62 | 1,598 | ||||||
NetScout Systems, Inc.* (Communications Equipment) | 154 | 5,479 | ||||||
Plantronics, Inc.* (Communications Equipment) | 89 | 3,541 | ||||||
Radius Global Infrastructure, Inc.*—Class A (Diversified Telecommunication Services) | 150 | 2,292 | ||||||
Ribbon Communications, Inc.* (Communications Equipment) | 256 | 868 | ||||||
Shenandoah Telecommunications Co. (Wireless Telecommunication Services) | 105 | 2,342 | ||||||
Telephone and Data Systems, Inc. (Wireless Telecommunication Services) | 208 | 3,288 | ||||||
T-Mobile U.S., Inc.* (Wireless Telecommunication Services) | 202 | 28,898 | ||||||
U.S. Cellular Corp.* (Wireless Telecommunication Services) | 30 | 879 | ||||||
Ubiquiti, Inc. (Communications Equipment) | 12 | 3,620 | ||||||
Verizon Communications, Inc. (Diversified Telecommunication Services) | 2,648 | 122,310 | ||||||
ViaSat, Inc.* (Communications Equipment) | 155 | 5,104 | ||||||
Viavi Solutions, Inc.* (Communications Equipment) | 476 | 7,045 | ||||||
TOTAL COMMON STOCKS (Cost $440,051) | 598,073 |
Repurchase Agreements(a)(b) (22.4%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $184,033 | $ | 184,000 | $ | 184,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $184,000) | 184,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $624,051)—95.3% | 782,073 | |||||||
Net other assets (liabilities)—4.7% | 38,627 | |||||||
NET ASSETS—100.0% | $ | 820,700 |
* | Non-income producing security. |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $176,000. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Telecommunications UltraSector ProFund :: 187
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||||||
Dow Jones U.S. Select Telecommunications Index | Goldman Sachs International | 8/23/22 | 2.93 | % | $ | 356,503 | $ | 10,588 | |||||||||
Dow Jones U.S. Select Telecommunications Index | UBS AG | 8/23/22 | 2.68 | % | 270,450 | 10,345 | |||||||||||
$ | 626,953 | $ | 20,933 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
Telecommunications UltraSector ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Communications Equipment | $ | 310,117 | 37.8 | % | ||||
Diversified Telecommunication Services | 215,740 | 26.3 | % | |||||
Household Durables | 25,869 | 3.2 | % | |||||
Media | 10,940 | 1.3 | % | |||||
Wireless Telecommunication Services | 35,407 | 4.3 | % | |||||
Other** | 222,627 | 27.1 | % | |||||
Total | $ | 820,700 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
188 :: UltraBear ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Repurchase Agreements(a)(b) (95.9%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $10,737,949 | $ | 10,736,000 | $ | 10,736,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $10,736,000) | 10,736,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $10,736,000)—95.9% | 10,736,000 | |||||||
Net other assets (liabilities)—4.1% | 464,267 | |||||||
NET ASSETS—100.0% | $ | 11,200,267 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $2,744,000. |
Futures Contracts Sold
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
E-Mini S&P 500 Futures Contracts | 3 | 9/19/22 | $ | (620,025 | ) | $ | (40,381 | ) | ||||||
Total Return Swap Agreements—Short
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||||||
S&P 500 | Goldman Sachs International | 8/29/22 | (2.68 | )% | $ | (18,189,797 | ) | $ | (446,615 | ) | |||||||
S&P 500 | UBS AG | 8/29/22 | (2.48 | )% | (3,647,046 | ) | (112,850 | ) | |||||||||
$ | (21,836,843 | ) | $ | (559,465 | ) |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Summary Schedule of Portfolio Investments :: UltraBull ProFund :: 189
Common Stocks (66.7%)
Percentage of Net Assets | Shares | Value | ||||||||||
Abbott Laboratories (Health Care Equipment & Supplies) | 0.4 | % | 3,481 | $ | 378,873 | |||||||
AbbVie, Inc. (Biotechnology) | 0.5 | % | 3,512 | 504,008 | ||||||||
Accenture PLC—Class A (IT Services) | 0.4 | % | 1,259 | 385,581 | ||||||||
Adobe, Inc.* (Software) | 0.4 | % | 939 | 385,102 | ||||||||
Advanced Micro Devices, Inc.* (Semiconductors & Semiconductor Equipment) | 0.3 | % | 3,221 | 304,288 | ||||||||
Alphabet, Inc.—Class A* (Interactive Media & Services) | 1.3 | % | 11,962 | 1,391,421 | ||||||||
Alphabet, Inc.—Class C* (Interactive Media & Services) | 1.2 | % | 10,947 | 1,276,858 | ||||||||
Amazon.com, Inc.* (Internet & Direct Marketing Retail) | 2.3 | % | 17,384 | 2,345,970 | ||||||||
Apple, Inc. (Technology Hardware, Storage & Peripherals) | 4.8 | % | 30,546 | 4,964,030 | ||||||||
Bank of America Corp. (Banks) | 0.5 | % | 14,087 | 476,280 | ||||||||
Berkshire Hathaway, Inc.—Class B* (Diversified Financial Services) | 1.0 | % | 3,593 | 1,080,056 | ||||||||
Bristol-Myers Squibb Co. (Pharmaceuticals) | 0.3 | % | 4,231 | 312,163 | ||||||||
Broadcom, Inc. (Semiconductors & Semiconductor Equipment) | 0.4 | % | 812 | 434,810 | ||||||||
Chevron Corp. (Oil, Gas & Consumable Fuels) | 0.6 | % | 3,903 | 639,233 | ||||||||
Cisco Systems, Inc. (Communications Equipment) | 0.4 | % | 8,253 | 374,438 | ||||||||
Comcast Corp.—Class A (Media) | 0.3 | % | 8,882 | 333,252 | ||||||||
Costco Wholesale Corp. (Food & Staples Retailing) | 0.5 | % | 881 | 476,884 | ||||||||
Danaher Corp. (Health Care Equipment & Supplies) | 0.4 | % | 1,289 | 375,705 | ||||||||
Eli Lilly & Co. (Pharmaceuticals) | 0.5 | % | 1,567 | 516,624 | ||||||||
Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 0.8 | % | 8,374 | 811,692 | ||||||||
Intel Corp. (Semiconductors & Semiconductor Equipment) | 0.3 | % | 8,137 | 295,454 | ||||||||
Johnson & Johnson (Pharmaceuticals) | 0.9 | % | 5,232 | 913,088 | ||||||||
JPMorgan Chase & Co. (Banks) | 0.6 | % | 5,838 | 673,471 | ||||||||
Linde PLC (Chemicals) | 0.3 | % | 1,000 | 302,001 | ||||||||
Mastercard, Inc.—Class A (IT Services) | 0.6 | % | 1,706 | 603,566 | ||||||||
McDonald's Corp. (Hotels, Restaurants & Leisure) | 0.4 | % | 1,468 | 386,626 | ||||||||
Merck & Co., Inc. (Pharmaceuticals) | 0.4 | % | 5,026 | 449,023 | ||||||||
Meta Platforms, Inc.— Class A* (Interactive Media & Services) | 0.7 | % | 4,564 | 726,132 | ||||||||
Microsoft Corp. (Software) | 4.0 | % | 14,873 | 4,175,445 | ||||||||
NextEra Energy, Inc. (Electric Utilities) | 0.3 | % | 3,904 | 329,848 | ||||||||
NIKE, Inc.—Class B (Textiles, Apparel & Luxury Goods) | 0.3 | % | 2,521 | 289,714 | ||||||||
NVIDIA Corp. (Semiconductors & Semiconductor Equipment) | 0.9 | % | 4,979 | 904,337 | ||||||||
PepsiCo, Inc. (Beverages) | 0.5 | % | 2,751 | 481,315 | ||||||||
Pfizer, Inc. (Pharmaceuticals) | 0.5 | % | 11,147 | 563,035 | ||||||||
Philip Morris International, Inc. (Tobacco) | 0.3 | % | 3,082 | 299,416 | ||||||||
Qualcomm, Inc. (Semiconductors & Semiconductor Equipment) | 0.3 | % | 2,225 | 322,759 | ||||||||
Salesforce, Inc.* (Software) | 0.4 | % | 1,976 | 363,623 | ||||||||
Tesla, Inc.* (Automobiles) | 1.4 | % | 1,669 | 1,487,829 | ||||||||
Texas Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 0.3 | % | 1,831 | 327,548 | ||||||||
The Coca-Cola Co. (Beverages) | 0.5 | % | 7,760 | 497,960 | ||||||||
The Home Depot, Inc. (Specialty Retail) | 0.6 | % | 2,052 | 617,528 | ||||||||
The Procter & Gamble Co. (Household Products) | 0.6 | % | 4,767 | 662,183 | ||||||||
The Walt Disney Co.* (Entertainment) | 0.4 | % | 3,622 | 384,295 | ||||||||
Thermo Fisher Scientific, Inc. (Life Sciences Tools & Services) | 0.4 | % | 779 | 466,161 | ||||||||
UnitedHealth Group, Inc. (Health Care Providers & Services) | 1.0 | % | 1,866 | 1,012,007 | ||||||||
Verizon Communications, Inc. (Diversified Telecommunication Services) | 0.4 | % | 8,343 | 385,363 | ||||||||
Visa, Inc.—Class A (IT Services) | 0.7 | % | 3,269 | 693,387 | ||||||||
Walmart, Inc. (Food & Staples Retailing) | 0.4 | % | 2,791 | 368,552 | ||||||||
Wells Fargo & Co. (Banks) | 0.3 | % | 7,541 | 330,823 | ||||||||
Other Common Stocks | 30.7 | % | 361,382 | 32,106,159 | ||||||||
TOTAL COMMON STOCKS (Cost $23,638,423) | 69,185,916 |
See accompanying notes to the financial statements.
190 :: UltraBull ProFund :: Summary Schedule of Portfolio Investments :: July 31, 2022
Repurchase Agreements(a)(b) (29.4%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20% dated 7/29/22, due 8/1/22, total to be received $30,483,534 | $ | 30,478,000 | $ | 30,478,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $30,478,000) | 30,478,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $54,116,423)—96.1% | 99,663,916 | |||||||
Net other assets (liabilities)—3.9% | 4,085,823 | |||||||
NET ASSETS—100.0% | $ | 103,749,739 |
* | Non-income producing security. |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $17,498,000. |
Futures Contracts Purchased
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||||
E-Mini S&P 500 Futures Contracts | 4 | 9/19/22 | $ | 826,700 | $ | (5,467 | ) |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||||||
S&P 500 | Goldman Sachs International | 8/29/22 | 2.93 | % | $ | 45,842,089 | $ | 1,090,590 | |||||||||
SPDR S&P 500 ETF | Goldman Sachs International | 8/29/22 | 2.84 | % | 23,446,303 | 620,062 | |||||||||||
$ | 69,288,392 | $ | 1,710,652 | ||||||||||||||
S&P 500 | UBS AG | 8/29/22 | 2.83 | % | $ | 56,312,787 | $ | 1,447,710 | |||||||||
SPDR S&P 500 ETF | UBS AG | 8/29/22 | 2.43 | % | 11,621,541 | 307,598 | |||||||||||
$ | 67,934,328 | $ | 1,755,308 | ||||||||||||||
$ | 137,222,720 | $ | 3,465,960 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Summary Schedule of Portfolio Investments :: UltraBull ProFund :: 191
UltraBull ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Aerospace & Defense | $ | 1,118,829 | 1.1 | % | ||||
Air Freight & Logistics | 458,709 | 0.4 | % | |||||
Airlines | 138,275 | 0.1 | % | |||||
Auto Components | 74,815 | 0.1 | % | |||||
Automobiles | 1,708,491 | 1.6 | % | |||||
Banks | 2,501,310 | 2.4 | % | |||||
Beverages | 1,239,430 | 1.2 | % | |||||
Biotechnology | 1,387,835 | 1.3 | % | |||||
Building Products | 290,315 | 0.3 | % | |||||
Capital Markets | 2,006,584 | 1.9 | % | |||||
Chemicals | 1,211,508 | 1.2 | % | |||||
Commercial Services & Supplies | 327,779 | 0.3 | % | |||||
Communications Equipment | 544,591 | 0.5 | % | |||||
Construction & Engineering | 39,538 | NM | ||||||
Construction Materials | 87,657 | 0.1 | % | |||||
Consumer Finance | 362,552 | 0.4 | % | |||||
Containers & Packaging | 213,262 | 0.2 | % | |||||
Distributors | 99,827 | 0.1 | % | |||||
Diversified Financial Services | 1,080,056 | 1.0 | % | |||||
Diversified Telecommunication Services | 672,910 | 0.7 | % | |||||
Electric Utilities | 1,317,351 | 1.3 | % | |||||
Electrical Equipment | 373,921 | 0.4 | % | |||||
Electronic Equipment, Instruments & Components | 448,856 | 0.4 | % | |||||
Energy Equipment & Services | 204,420 | 0.2 | % | |||||
Entertainment | 913,321 | 0.9 | % | |||||
Equity Real Estate Investment Trusts (REITs) | 1,952,227 | 1.9 | % | |||||
Food & Staples Retailing | 1,048,706 | 1.0 | % | |||||
Food Products | 739,565 | 0.7 | % | |||||
Gas Utilities | 33,382 | NM | ||||||
Health Care Equipment & Supplies | 2,260,977 | 2.2 | % | |||||
Health Care Providers & Services | 2,327,488 | 2.2 | % | |||||
Hotels, Restaurants & Leisure | 1,278,655 | 1.2 | % | |||||
Household Durables | 217,273 | 0.2 | % | |||||
Household Products | 958,807 | 0.9 | % | |||||
Independent Power and Renewable Electricity Producers | 29,530 | NM | ||||||
Industrial Conglomerates | 675,720 | 0.7 | % | |||||
Insurance | 1,404,588 | 1.4 | % | |||||
Interactive Media & Services | 3,499,173 | 3.4 | % | |||||
Internet & Direct Marketing Retail | 2,426,282 | 2.3 | % | |||||
IT Services | 3,048,611 | 2.9 | % | |||||
Leisure Products | 20,546 | NM | ||||||
Life Sciences Tools & Services | 925,646 | 0.9 | % | |||||
Machinery | 1,098,276 | 1.1 | % | |||||
Media | 569,411 | 0.6 | % | |||||
Metals & Mining | 234,072 | 0.2 | % | |||||
Multiline Retail | 337,013 | 0.3 | % | |||||
Multi-Utilities | 637,925 | 0.6 | % | |||||
Oil, Gas & Consumable Fuels | 2,822,196 | 2.7 | % | |||||
Personal Products | 126,445 | 0.1 | % | |||||
Pharmaceuticals | 3,004,526 | 2.9 | % | |||||
Professional Services | 209,090 | 0.2 | % | |||||
Real Estate Management & Development | 55,653 | 0.1 | % | |||||
Road & Rail | 628,526 | 0.6 | % | |||||
Semiconductors & Semiconductor Equipment | 3,818,648 | 3.7 | % | |||||
Software | 6,194,772 | 6.1 | % | |||||
Specialty Retail | 1,430,239 | 1.4 | % | |||||
Technology Hardware, Storage & Peripherals | 5,164,435 | 5.0 | % | |||||
Textiles, Apparel & Luxury Goods | 352,792 | 0.3 | % | |||||
Tobacco | 457,312 | 0.4 | % | |||||
Trading Companies & Distributors | 151,319 | 0.1 | % | |||||
Water Utilities | 56,425 | 0.1 | % | |||||
Wireless Telecommunication Services | 167,523 | 0.2 | % | |||||
Other** | 34,563,823 | 33.3 | % | |||||
Total | $ | 103,749,739 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
NM | Not meaningful, amount is less than 0.05%. |
See accompanying notes to the financial statements.
192 :: UltraChina ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (89.2%)
Shares | Value | |||||||
21Vianet Group, Inc.*ADR (IT Services) | 3,462 | $ | 17,864 | |||||
360 DigiTech, Inc.ADR (Consumer Finance) | 9,800 | 142,296 | ||||||
Agora, Inc.*ADR (Software) | 2,280 | 11,195 | ||||||
Alibaba Group Holding, Ltd.*ADR (Internet & Direct Marketing Retail) | 27,756 | 2,480,553 | ||||||
Aluminum Corp. of China, Ltd.ADR (Metals & Mining) | 7,301 | 67,826 | ||||||
Autohome, Inc.ADR (Interactive Media & Services) | 2,605 | 92,972 | ||||||
Baidu, Inc.*ADR (Interactive Media & Services) | 4,886 | 667,281 | ||||||
Baozun, Inc.*ADR (Internet & Direct Marketing Retail) | 11,910 | 103,617 | ||||||
Beigene, Ltd.*ADR (Biotechnology) | 2,234 | 375,491 | ||||||
Bilibili, Inc.*ADR(a) (Entertainment) | 9,450 | 230,958 | ||||||
Canaan, Inc.*ADR(a) (Technology Hardware, Storage & Peripherals) | 6,448 | 25,341 | ||||||
China Life Insurance Co., Ltd.ADR (Insurance) | 81,618 | 609,686 | ||||||
China Petroleum & Chemical Corp.ADR (Oil, Gas & Consumable Fuels) | 15,255 | 715,917 | ||||||
China Southern Airlines Co., Ltd.*ADR (Airlines) | 3,014 | 82,945 | ||||||
Chindata Group Holdings, Ltd.*ADR (IT Services) | 19,972 | 142,600 | ||||||
Daqo New Energy Corp.*ADR (Semiconductors & Semiconductor Equipment) | 4,197 | 271,546 | ||||||
GDS Holdings, Ltd.*ADR (IT Services) | 5,459 | 151,105 | ||||||
Hello Group, Inc.ADR (Interactive Media & Services) | 15,858 | 71,044 | ||||||
Huazhu Group, Ltd.ADR (Hotels, Restaurants & Leisure) | 5,876 | 225,345 | ||||||
HUYA, Inc.*ADR (Entertainment) | 12,265 | 40,475 | ||||||
iQIYI, Inc.*ADR (Entertainment) | 32,666 | 124,784 | ||||||
JD.com, Inc.ADR (Internet & Direct Marketing Retail) | 26,030 | 1,548,785 | ||||||
JinkoSolar Holding Co., Ltd.*ADR (Semiconductors & Semiconductor Equipment) | 1,918 | 127,202 | ||||||
JOYY, Inc.ADR (Interactive Media & Services) | 1,994 | 51,625 | ||||||
KE Holdings, Inc.*ADR (Real Estate Management & Development) | 17,553 | 247,673 | ||||||
Kingsoft Cloud Holdings, Ltd.*ADR (IT Services) | 6,960 | 22,829 | ||||||
Lexinfintech Holdings, Ltd.*ADR (Consumer Finance) | 4,604 | 8,656 | ||||||
NetEase, Inc.ADR (Entertainment) | 11,744 | 1,091,957 | ||||||
New Oriental Education & Technology Group, Inc.*ADR (Diversified Consumer Services) | 5,978 | 163,857 | ||||||
NIO, Inc.*ADR (Automobiles) | 36,655 | 723,203 | ||||||
Niu Technologies*ADR (Automobiles) | 795 | 5,152 | ||||||
PetroChina Co., Ltd.ADR (Oil, Gas & Consumable Fuels) | 11,827 | 551,848 | ||||||
Pinduoduo, Inc.*ADR (Internet & Direct Marketing Retail) | 12,547 | 614,928 | ||||||
Sohu.com, Ltd.*ADR (Interactive Media & Services) | 1,978 | 32,637 | ||||||
TAL Education Group*ADR (Diversified Consumer Services) | 22,867 | 112,506 | ||||||
Tencent Music Entertainment Group*ADR (Entertainment) | 90,069 | 379,190 | ||||||
Trip.com Group, Ltd.*ADR (Internet & Direct Marketing Retail) | 24,068 | 620,473 | ||||||
Up Fintech Holding, Ltd.*ADR(a) (Capital Markets) | 2,778 | 10,501 | ||||||
Vipshop Holdings, Ltd.*ADR (Internet & Direct Marketing Retail) | 57,780 | 529,265 | ||||||
Weibo Corp.*ADR (Interactive Media & Services) | 3,628 | 69,730 | ||||||
Zai Lab, Ltd.*ADR (Biotechnology) | 3,140 | 127,264 | ||||||
ZTO Express Cayman, Inc.ADR (Air Freight & Logistics) | 27,658 | 707,768 | ||||||
TOTAL COMMON STOCKS (Cost $11,323,907) | 14,397,890 |
Repurchase Agreements(b)(c) (14.1%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $2,277,413 | $ | 2,277,000 | $ | 2,277,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $2,277,000) | 2,277,000 |
Collateral for Securities Loaned(d) (1.9%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(e) | 306,377 | $ | 306,377 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $306,377) | 306,377 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $13,907,284)—105.2% | 16,981,267 | |||||||
Net other assets (liabilities) — (5.2)% | (841,754 | ) | ||||||
NET ASSETS—100.0% | $ | 16,139,513 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $266,800. |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $1,900,000. |
(d) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(e) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
ADR | American Depositary Receipt |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: UltraChina ProFund :: 193
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||||||
S&P China Select ADR Index (USD) | Goldman Sachs International | 8/29/22 | 2.93 | % | $ | 8,951,920 | $ | (609,994 | ) | ||||||||
S&P China Select ADR Index (USD) | UBS AG | 8/29/22 | 2.58 | % | 9,255,220 | (612,591 | ) | ||||||||||
$ | 18,207,140 | $ | (1,222,585 | ) |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
UltraChina ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Air Freight & Logistics | $ | 707,768 | 4.4 | % | ||||
Airlines | 82,945 | 0.5 | % | |||||
Automobiles | 728,355 | 4.5 | % | |||||
Biotechnology | 502,755 | 3.1 | % | |||||
Capital Markets | 10,501 | 0.1 | % | |||||
Consumer Finance | 150,951 | 0.9 | % | |||||
Diversified Consumer Services | 276,363 | 1.7 | % | |||||
Entertainment | 1,867,364 | 11.6 | % | |||||
Hotels, Restaurants & Leisure | 225,345 | 1.4 | % | |||||
Insurance | 609,686 | 3.8 | % | |||||
Interactive Media & Services | 985,289 | 6.1 | % | |||||
Internet & Direct Marketing Retail | 5,897,622 | 36.5 | % | |||||
IT Services | 334,398 | 2.1 | % | |||||
Metals & Mining | 67,826 | 0.4 | % | |||||
Oil, Gas & Consumable Fuels | 1,267,765 | 7.8 | % | |||||
Real Estate Management & Development | 247,673 | 1.5 | % | |||||
Semiconductors & Semiconductor Equipment | 398,748 | 2.5 | % | |||||
Software | 11,195 | 0.1 | % | |||||
Technology Hardware, Storage & Peripherals | 25,341 | 0.2 | % | |||||
Other** | 1,741,623 | 10.8 | % | |||||
Total | $ | 16,139,513 | 100.0 | % |
UltraChina ProFund invested in securities with exposure to the following countries as of July 31, 2022:
Value | % of Net Assets | |||||||
China | $ | 14,397,890 | 89.2 | % | ||||
Other** | 1,741,623 | 10.8 | % | |||||
Total | $ | 16,139,513 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
194 :: UltraDow 30 ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (71.1%)
Shares | Value | |||||||
3M Co. (Industrial Conglomerates) | 4,681 | $ | 670,506 | |||||
American Express Co. (Consumer Finance) | 4,681 | 720,968 | ||||||
Amgen, Inc. (Biotechnology) | 4,677 | 1,157,417 | ||||||
Apple, Inc. (Technology Hardware, Storage & Peripherals) | 4,682 | 760,872 | ||||||
Caterpillar, Inc. (Machinery) | 4,678 | 927,414 | ||||||
Chevron Corp. (Oil, Gas & Consumable Fuels) | 4,682 | 766,818 | ||||||
Cisco Systems, Inc. (Communications Equipment) | 4,686 | 212,604 | ||||||
Dow, Inc. (Chemicals) | 4,683 | 249,182 | ||||||
Honeywell International, Inc. (Industrial Conglomerates) | 4,677 | 900,136 | ||||||
Intel Corp. (Semiconductors & Semiconductor Equipment) | 4,684 | 170,076 | ||||||
International Business Machines Corp. (IT Services) | 4,682 | 612,359 | ||||||
Johnson & Johnson (Pharmaceuticals) | 4,682 | 817,103 | ||||||
JPMorgan Chase & Co. (Banks) | 4,682 | 540,116 | ||||||
McDonald's Corp. (Hotels, Restaurants & Leisure) | 4,677 | 1,231,781 | ||||||
Merck & Co., Inc. (Pharmaceuticals) | 4,682 | 418,290 | ||||||
Microsoft Corp. (Software) | 4,677 | 1,313,020 | ||||||
NIKE, Inc.—Class B (Textiles, Apparel & Luxury Goods) | 4,682 | 538,055 | ||||||
Salesforce, Inc.* (Software) | 4,677 | 860,662 | ||||||
The Boeing Co.* (Aerospace & Defense) | 4,678 | 745,252 | ||||||
The Coca-Cola Co. (Beverages) | 4,682 | 300,444 | ||||||
The Goldman Sachs Group, Inc. (Capital Markets) | 4,677 | 1,559,265 | ||||||
The Home Depot, Inc. (Specialty Retail) | 4,677 | 1,407,497 | ||||||
The Procter & Gamble Co. (Household Products) | 4,682 | 650,377 | ||||||
The Travelers Cos., Inc. (Insurance) | 4,682 | 743,033 | ||||||
The Walt Disney Co.* (Entertainment) | 4,682 | 496,760 | ||||||
UnitedHealth Group, Inc. (Health Care Providers & Services) | 4,677 | 2,536,524 | ||||||
Verizon Communications, Inc. (Diversified Telecommunication Services) | 4,682 | 216,262 | ||||||
Visa, Inc.—Class A (IT Services) | 4,677 | 992,038 | ||||||
Walgreens Boots Alliance, Inc. (Food & Staples Retailing) | 4,685 | 185,620 | ||||||
Walmart, Inc. (Food & Staples Retailing) | 4,682 | 618,257 | ||||||
TOTAL COMMON STOCKS (Cost $10,978,383) | 23,318,708 |
Repurchase Agreements(a)(b) (26.1%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $8,575,557 | $ | 8,574,000 | $ | 8,574,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $8,574,000) | 8,574,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $19,552,383)—97.2% | 31,892,708 | |||||||
Net other assets (liabilities)—2.8% | 920,746 | |||||||
NET ASSETS—100.0% | $ | 32,813,454 |
* | Non-income producing security. |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $4,664,000. |
Futures Contracts Purchased
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||||
E-Mini Dow Jones Futures Contracts | 24 | 9/19/22 | $ | 3,939,000 | $ | (24,714 | ) |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||||||
Dow Jones Industrial Average | Goldman Sachs International | 8/29/22 | 2.93 | % | $ | 17,360,054 | $ | 326,635 | |||||||||
SPDR Dow Jones Industrial Average ETF | Goldman Sachs International | 8/29/22 | 2.77 | % | 5,500,203 | 102,455 | |||||||||||
$ | 22,860,257 | $ | 429,090 | ||||||||||||||
Dow Jones Industrial Average | UBS AG | 8/29/22 | 2.83 | % | $ | 11,309,826 | $ | 221,461 | |||||||||
SPDR Dow Jones Industrial Average ETF | UBS AG | 8/29/22 | 2.63 | % | 4,243,889 | 85,349 | |||||||||||
$ | 15,553,715 | $ | 306,810 | ||||||||||||||
$ | 38,413,972 | $ | 735,900 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: UltraDow 30 ProFund :: 195
UltraDow 30 ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Aerospace & Defense | $ | 745,252 | 2.3 | % | ||||
Banks | 540,116 | 1.6 | % | |||||
Beverages | 300,444 | 0.9 | % | |||||
Biotechnology | 1,157,417 | 3.5 | % | |||||
Capital Markets | 1,559,265 | 4.8 | % | |||||
Chemicals | 249,182 | 0.8 | % | |||||
Communications Equipment | 212,604 | 0.6 | % | |||||
Consumer Finance | 720,968 | 2.2 | % | |||||
Diversified Telecommunication Services | 216,262 | 0.7 | % | |||||
Entertainment | 496,760 | 1.5 | % | |||||
Food & Staples Retailing | 803,878 | 2.5 | % | |||||
Health Care Providers & Services | 2,536,524 | 7.7 | % | |||||
Hotels, Restaurants & Leisure | 1,231,781 | 3.8 | % | |||||
Household Products | 650,377 | 2.0 | % | |||||
Industrial Conglomerates | 1,570,642 | 4.8 | % | |||||
Insurance | 743,033 | 2.3 | % | |||||
IT Services | 1,604,397 | 4.9 | % | |||||
Machinery | 927,413 | 2.8 | % | |||||
Oil, Gas & Consumable Fuels | 766,818 | 2.3 | % | |||||
Pharmaceuticals | 1,235,393 | 3.8 | % | |||||
Semiconductors & Semiconductor Equipment | 170,076 | 0.5 | % | |||||
Software | 2,173,683 | 6.6 | % | |||||
Specialty Retail | 1,407,496 | 4.3 | % | |||||
Technology Hardware, Storage & Peripherals | 760,872 | 2.3 | % | |||||
Textiles, Apparel & Luxury Goods | 538,055 | 1.6 | % | |||||
Other** | 9,494,746 | 28.9 | % | |||||
Total | $ | 32,813,454 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
196 :: UltraEmerging Markets ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (83.1%)
Shares | Value | |||||||
Alibaba Group Holding, Ltd.*ADR (Internet & Direct Marketing Retail) | 4,866 | $ | 434,873 | |||||
Ambev S.A.ADR (Beverages) | 16,561 | 46,702 | ||||||
America Movil S.A.B. de C.V.ADR (Wireless Telecommunication Services) | 3,692 | 69,889 | ||||||
AngloGold Ashanti, Ltd.ADR (Metals & Mining) | 1,554 | 22,859 | ||||||
ASE Technology Holding Co., Ltd.ADR (Semiconductors & Semiconductor Equipment) | 5,722 | 33,703 | ||||||
Baidu, Inc.*ADR (Interactive Media & Services) | 774 | 105,705 | ||||||
Banco Bradesco S.A.ADR (Banks) | 19,867 | 65,958 | ||||||
Beigene, Ltd.*ADR (Biotechnology) | 160 | 26,893 | ||||||
Bilibili, Inc.*ADR(a) (Entertainment) | 715 | 17,475 | ||||||
Cemex S.A.B. de C.V.*ADR (Construction Materials) | 6,775 | 27,168 | ||||||
China Life Insurance Co., Ltd.ADR (Insurance) | 5,431 | 40,570 | ||||||
China Petroleum & Chemical Corp.ADR (Oil, Gas & Consumable Fuels) | 1,688 | 79,218 | ||||||
Chunghwa Telecom Co., Ltd.ADR (Diversified Telecommunication Services) | 1,249 | 50,172 | ||||||
Dr. Reddy's Laboratories, Ltd.ADR (Pharmaceuticals) | 768 | 39,552 | ||||||
Fomento Economico Mexicano S.A.B. de C.V.ADR (Beverages) | 654 | 40,535 | ||||||
Gerdau S.A.ADR (Metals & Mining) | 4,381 | 20,678 | ||||||
Gold Fields, Ltd.ADR(a) (Metals & Mining) | 3,061 | 28,162 | ||||||
Grupo Aeroportuario del Pacifico S.A.B. de C.V.ADR (Transportation Infrastructure) | 122 | 16,475 | ||||||
Grupo Televisa S.A.B.ADR (Media) | 2,183 | 17,071 | ||||||
HDFC Bank, Ltd.ADR (Banks) | 8,418 | 528,650 | ||||||
Huazhu Group, Ltd.ADR (Hotels, Restaurants & Leisure) | 384 | 14,726 | ||||||
ICICI Bank, Ltd.ADR (Banks) | 9,575 | 198,969 | ||||||
Infosys, Ltd.ADR (IT Services) | 12,152 | 236,843 | ||||||
Itau Unibanco Holding S.A.ADR (Banks) | 18,180 | 81,810 | ||||||
JD.com, Inc.ADR (Internet & Direct Marketing Retail) | 3,248 | 193,256 | ||||||
KB Financial Group, Inc.ADR (Banks) | 2,466 | 91,439 | ||||||
KE Holdings, Inc.*ADR (Real Estate Management & Development) | 1,300 | 18,343 | ||||||
Korea Electric Power Corp.*ADR (Electric Utilities) | 1,810 | 15,602 | ||||||
NetEase, Inc.ADR (Entertainment) | 1,397 | 129,893 | ||||||
NIO, Inc.*ADR (Automobiles) | 4,414 | 87,088 | ||||||
PetroChina Co., Ltd.ADR (Oil, Gas & Consumable Fuels) | 762 | 35,555 | ||||||
Petroleo Brasileiro S.A.ADR (Oil, Gas & Consumable Fuels) | 7,111 | 101,545 | ||||||
Pinduoduo, Inc.*ADR (Internet & Direct Marketing Retail) | 1,278 | 62,635 | ||||||
POSCOADR (Metals & Mining) | 1,202 | 56,314 | ||||||
PT Telekomunikasi Indonesia TbkADR (Diversified Telecommunication Services) | 1,752 | 49,932 | ||||||
Sasol, Ltd.*ADR (Chemicals) | 1,862 | 39,176 | ||||||
Shinhan Financial Group Co., Ltd.ADR (Banks) | 1,734 | 47,702 | ||||||
Sibanye Stillwater, Ltd.ADR (Metals & Mining) | 2,358 | 23,439 | ||||||
SK Telecom Co., Ltd.ADR (Wireless Telecommunication Services) | 1,220 | 27,975 | ||||||
Sociedad Quimica y Minera de Chile S.A.ADR (Chemicals) | 491 | 48,300 | ||||||
Suzano Papel e Celulose S.A.ADR(a) (Paper & Forest Products) | 3,066 | 28,667 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd.ADR (Semiconductors & Semiconductor Equipment) | 11,172 | 988,499 | ||||||
Tata Motors, Ltd.*ADR(a) (Automobiles) | 1,389 | 39,614 | ||||||
Trip.com Group, Ltd.*ADR (Internet & Direct Marketing Retail) | 1,641 | 42,305 | ||||||
United Microelectronics Corp.ADR(a) (Semiconductors & Semiconductor Equipment) | 14,232 | 97,062 | ||||||
Vale S.A.ADR (Metals & Mining) | 14,608 | 196,625 | ||||||
Wipro, Ltd.ADR (IT Services) | 3,438 | 18,221 | ||||||
Woori Financial Group, Inc.ADR (Banks) | 735 | 20,323 | ||||||
ZTO Express Cayman, Inc.ADR (Air Freight & Logistics) | 3,111 | 79,610 | ||||||
TOTAL COMMON STOCKS (Cost $2,694,872) | 4,783,776 | |||||||
Preferred Stock (1.5%) | ||||||||
Petroleo Brasileiro S.A.ADR (Oil, Gas & Consumable Fuels) | 6,796 | 89,231 | ||||||
TOTAL PREFERRED STOCK (Cost $6,788) | 89,231 |
Repurchase Agreements(b)(c) (15.7%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $904,164 | $ | 904,000 | $ | 904,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $904,000) | 904,000 |
Collateral for Securities Loaned(d) (3.7%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(e) | 215,229 | $ | 215,229 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $215,229) | 215,229 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $3,820,889)—104.0% | 5,992,236 | |||||||
Net other assets (liabilities)—(4.0)% | (231,875 | ) | ||||||
NET ASSETS—100.0% | $ | 5,760,361 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $209,532. |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $251,000. |
(d) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(e) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
ADR | American Depositary Receipt |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: UltraEmerging Markets ProFund :: 197
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||||||
S&P Emerging 50 ADR Index (USD) | Goldman Sachs International | 8/29/22 | 2.93 | % | $ | 3,570,287 | $ | (17,637 | ) | ||||||||
S&P Emerging 50 ADR Index (USD) | UBS AG | 8/29/22 | 2.83 | % | 3,019,201 | (15,511 | ) | ||||||||||
$ | 6,589,488 | $ | (33,148 | ) |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
UltraEmerging Markets ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Air Freight & Logistics | $ | 79,610 | 1.4 | % | ||||
Automobiles | 126,703 | 2.2 | % | |||||
Banks | 1,034,852 | 18.0 | % | |||||
Beverages | 87,237 | 1.5 | % | |||||
Biotechnology | 26,893 | 0.5 | % | |||||
Chemicals | 87,476 | 1.5 | % | |||||
Construction Materials | 27,168 | 0.5 | % | |||||
Diversified Telecommunication Services | 100,104 | 1.7 | % | |||||
Electric Utilities | 15,602 | 0.3 | % | |||||
Entertainment | 147,368 | 2.6 | % | |||||
Hotels, Restaurants & Leisure | 14,726 | 0.3 | % | |||||
Insurance | 40,570 | 0.7 | % | |||||
Interactive Media & Services | 105,705 | 1.8 | % | |||||
Internet & Direct Marketing Retail | 733,070 | 12.7 | % | |||||
IT Services | 255,064 | 4.4 | % | |||||
Media | 17,071 | 0.3 | % | |||||
Metals & Mining | 348,075 | 6.1 | % | |||||
Oil, Gas & Consumable Fuels | 305,549 | 5.3 | % | |||||
Paper & Forest Products | 28,667 | 0.5 | % | |||||
Pharmaceuticals | 39,552 | 0.7 | % | |||||
Real Estate Management & Development | 18,343 | 0.3 | % | |||||
Semiconductors & Semiconductor Equipment | 1,119,263 | 19.3 | % | |||||
Transportation Infrastructure | 16,475 | 0.3 | % | |||||
Wireless Telecommunication Services | 97,864 | 1.7 | % | |||||
Other** | 887,354 | 15.4 | % | |||||
Total | $ | 5,760,361 | 100.0 | % |
UltraEmerging Markets ProFund invested in securities with exposure to the following countries as of July 31, 2022:
Value | % of Net Assets | |||||||
Brazil | $ | 631,216 | 11.0 | % | ||||
Chile | 48,300 | 0.8 | % | |||||
China | 1,396,120 | 24.2 | % | |||||
India | 1,061,849 | 18.4 | % | |||||
Indonesia | 49,932 | 0.9 | % | |||||
Mexico | 171,138 | 3.0 | % | |||||
South Africa | 113,636 | 2.0 | % | |||||
South Korea | 231,380 | 4.0 | % | |||||
Taiwan | 1,169,436 | 20.3 | % | |||||
Other** | 887,354 | 15.4 | % | |||||
Total | $ | 5,760,361 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
198 :: UltraInternational ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Repurchase Agreements(a)(b) (97.4%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $2,285,415 | $ | 2,285,000 | $ | 2,285,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $2,285,000) | 2,285,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $2,285,000)—97.4% | 2,285,000 | |||||||
Net other assets (liabilities)—2.6% | 61,388 | |||||||
NET ASSETS—100.0% | $ | 2,346,388 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $115,000. |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
MSCI EAFE Index | Goldman Sachs International | 8/29/22 | 2.83 | % | $ | 2,333,089 | $ | 45,604 | ||||||||
MSCI EAFE Index | UBS AG | 8/29/22 | 3.13 | % | 2,355,744 | 46,555 | ||||||||||
$ | 4,688,833 | $ | 92,159 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: UltraJapan ProFund :: 199
Repurchase Agreements(a) (88.7%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $11,413,072 | $ | 11,411,000 | $ | 11,411,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $11,411,000) | 11,411,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $11,411,000)—88.7% | 11,411,000 | |||||||
Net other assets (liabilities)—11.3% | 1,453,334 | |||||||
NET ASSETS—100.0% | $ | 12,864,334 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
Futures Contracts Purchased
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||
Nikkei 225 Futures Contracts | 183 | 9/9/22 | $ | 25,620,000 | $ | 476,907 |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Nikkei 225 Stock Average | Goldman Sachs International | 8/29/22 | 2.78 | % | $ | 139,955 | $ | (494 | ) |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
200 :: UltraLatin America ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (74.2%)
Shares | Value | |||||||
Ambev S.A.ADR (Beverages) | 130,031 | $ | 366,687 | |||||
America Movil S.A.B. de C.V.ADR (Wireless Telecommunication Services) | 19,232 | 364,062 | ||||||
Banco Bradesco S.A.ADR (Banks) | 107,943 | 358,371 | ||||||
Banco de ChileADR (Banks) | 6,762 | 128,072 | ||||||
Banco Santander Brasil S.A.ADR(a) (Banks) | 12,164 | 66,659 | ||||||
Banco Santander ChileADR (Banks) | 6,478 | 101,316 | ||||||
Bancolombia S.A.ADR (Banks) | 4,435 | 128,482 | ||||||
BRF S.A.*ADR (Food Products) | 36,321 | 110,053 | ||||||
Cemex S.A.B. de C.V.*ADR (Construction Materials) | 57,801 | 231,782 | ||||||
Centrais Eletricas Brasileiras S.A.ADR(a) (Electric Utilities) | 38,315 | 343,302 | ||||||
Cia Energetica de Minas GeraisADR (Electric Utilities) | 51,948 | 115,325 | ||||||
Cia Siderurgica Nacional S.A.ADR(a) (Metals & Mining) | 24,672 | 71,302 | ||||||
Coca-Cola Femsa S.A.B. de C.V.ADR (Beverages) | 1,879 | 113,172 | ||||||
Companhia de Saneamento Basico do Estado de Sao PauloADR(a) (Water Utilities) | 10,636 | 91,151 | ||||||
Ecopetrol S.A.ADR (Oil, Gas & Consumable Fuels) | 8,985 | 96,499 | ||||||
Embraer SA*ADR (Aerospace & Defense) | 6,284 | 57,310 | ||||||
Fomento Economico Mexicano S.A.B. de C.V.ADR (Beverages) | 5,158 | 319,693 | ||||||
Gerdau S.A.ADR (Metals & Mining) | 37,144 | 175,320 | ||||||
Grupo Aeroportuario del Pacifico S.A.B. de C.V.ADR (Transportation Infrastructure) | 1,014 | 136,931 | ||||||
Grupo Aeroportuario del Pacifico S.A.B. de C.V.ADR (Transportation Infrastructure) | 976 | 47,414 | ||||||
Grupo Aeroportuario del Surest S.A.B. de C.V.ADR (Transportation Infrastructure) | 754 | 141,608 | ||||||
Grupo Televisa S.A.B.ADR (Media) | 19,324 | 151,114 | ||||||
Itau Unibanco Holding S.A.ADR (Banks) | 109,162 | 491,228 | ||||||
Natura & Co. Holding S.A.ADR(a) (Personal Products) | 15,364 | 92,952 | ||||||
Petroleo Brasileiro S.A.ADR (Oil, Gas & Consumable Fuels) | 42,930 | 613,041 | ||||||
Sendas Distribuidora S.A.ADR (Food & Staples Retailing) | 2,245 | 34,169 | ||||||
Sociedad Quimica y Minera de Chile S.A.ADR (Chemicals) | 3,919 | 385,512 | ||||||
Suzano Papel e Celulose S.A.ADR(a) (Paper & Forest Products) | 25,840 | 241,604 | ||||||
Telefonica Brasil S.A.ADR(a) (Diversified Telecommunication Services) | 15,020 | 130,374 | ||||||
Ternium S.A.ADR (Metals & Mining) | 2,001 | 70,895 | ||||||
TIM S.A.ADR (Wireless Telecommunication Services) | 5,992 | 72,623 | ||||||
Ultrapar Participacoes S.A.ADR (Oil, Gas & Consumable Fuels) | 29,227 | 72,775 | ||||||
Vale S.A.ADR (Metals & Mining) | 94,505 | 1,272,037 | ||||||
TOTAL COMMON STOCKS (Cost $4,146,547) | 7,192,835 |
Preferred Stock (5.5%)
Shares | Value | |||||||
Petroleo Brasileiro S.A.ADR (Oil, Gas & Consumable Fuels) | 40,929 | $ | 537,398 | |||||
TOTAL PREFERRED STOCK (Cost $71,188) | 537,398 |
Repurchase Agreements(b)(c) (18.3%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $1,768,321 | $ | 1,768,000 | $ | 1,768,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $1,768,000) | 1,768,000 |
Collateral for Securities Loaned(d) (9.4%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(e) | 907,960 | $ | 907,960 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $907,960) | 907,960 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $6,893,695)—107.4% | 10,406,193 | |||||||
Net other assets (liabilities)—(7.4)% | (715,417 | ) | ||||||
NET ASSETS—100.0% | $ | 9,690,776 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $878,325. |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $900,000. |
(d) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(e) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
ADR | American Depositary Receipt |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: UltraLatin America ProFund :: 201
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
S&P Latin America 35 ADR Index (USD) | Goldman Sachs International | 8/29/22 | 2.93 | % | $ | 4,671,738 | $ | 113,642 | ||||||||
S&P Latin America 35 ADR Index (USD) | UBS AG | 8/29/22 | 2.83 | % | 7,100,909 | 152,335 | ||||||||||
$ | 11,772,647 | $ | 265,977 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
UltraLatin America ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Aerospace & Defense | $ | 57,310 | 0.6 | % | ||||
Banks | 1,274,129 | 13.2 | % | |||||
Beverages | 799,552 | 8.3 | % | |||||
Chemicals | 385,512 | 4.0 | % | |||||
Construction Materials | 231,782 | 2.4 | % | |||||
Diversified Telecommunication Services | 130,374 | 1.3 | % | |||||
Electric Utilities | 458,627 | 4.7 | % | |||||
Food & Staples Retailing | 34,169 | 0.3 | % | |||||
Food Products | 110,053 | 1.1 | % | |||||
Media | 151,114 | 1.6 | % | |||||
Metals & Mining | 1,589,554 | 16.3 | % | |||||
Oil, Gas & Consumable Fuels | 1,319,712 | 13.6 | % | |||||
Paper & Forest Products | 241,604 | 2.5 | % | |||||
Personal Products | 92,952 | 1.0 | % | |||||
Transportation Infrastructure | 325,953 | 3.4 | % | |||||
Water Utilities | 91,151 | 0.9 | % | |||||
Wireless Telecommunication Services | 436,685 | 4.5 | % | |||||
Other** | 1,960,543 | 20.3 | % | |||||
Total | $ | 9,690,776 | 100.0 | % |
UltraLatin America ProFund invested in securities with exposure to the following countries as of July 31, 2022:
Value | % of Net Assets | |||||||
Brazil | $ | 5,313,681 | 55.0 | % | ||||
Chile | 614,900 | 6.3 | % | |||||
Colombia | 224,981 | 2.3 | % | |||||
Luxembourg | 70,895 | 0.7 | % | |||||
Mexico | 1,505,776 | 15.4 | % | |||||
Other** | 1,960,543 | 20.3 | % | |||||
Total | $ | 9,690,776 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
202 :: UltraMid-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (69.1%)
Shares | Value | |||||||
Acadia Healthcare Co., Inc.* (Health Care Providers & Services) | 1,302 | $ | 107,948 | |||||
ACI Worldwide, Inc.* (Software) | 1,650 | 47,075 | ||||||
Acuity Brands, Inc. (Electrical Equipment) | 496 | 90,470 | ||||||
Adient PLC* (Auto Components) | 1,362 | 46,008 | ||||||
AECOM (Construction & Engineering) | 2,029 | 146,088 | ||||||
Affiliated Managers Group, Inc. (Capital Markets) | 555 | 70,141 | ||||||
AGCO Corp. (Machinery) | 880 | 95,850 | ||||||
Alcoa Corp. (Metals & Mining) | 2,653 | 135,011 | ||||||
Alleghany Corp.* (Insurance) | 193 | 161,634 | ||||||
ALLETE, Inc. (Electric Utilities) | 818 | 50,773 | ||||||
Amedisys, Inc.* (Health Care Providers & Services) | 467 | 55,970 | ||||||
American Campus Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,002 | 130,771 | ||||||
American Eagle Outfitters, Inc. (Specialty Retail) | 2,214 | 26,657 | ||||||
American Financial Group, Inc. (Insurance) | 953 | 127,397 | ||||||
Amkor Technology, Inc. (Semiconductors & Semiconductor Equipment) | 1,442 | 29,085 | ||||||
Antero Midstream Corp. (Oil, Gas & Consumable Fuels) | 4,671 | 46,990 | ||||||
Apartment Income REIT Corp. (Equity Real Estate Investment Trusts (REITs)) | 2,255 | 102,242 | ||||||
AptarGroup, Inc. (Containers & Packaging) | 945 | 101,834 | ||||||
Arrow Electronics, Inc.* (Electronic Equipment, Instruments & Components) | 948 | 121,505 | ||||||
Arrowhead Pharmaceuticals, Inc.* (Biotechnology) | 1,522 | 64,731 | ||||||
ASGN, Inc.* (Professional Services) | 734 | 76,160 | ||||||
Ashland, Inc. (Chemicals) | 728 | 73,142 | ||||||
Aspen Technology, Inc.* (Software) | 402 | 82,044 | ||||||
Associated Banc-Corp. (Banks) | 2,158 | 43,376 | ||||||
AutoNation, Inc.* (Specialty Retail) | 511 | 60,676 | ||||||
Avient Corp. (Chemicals) | 1,315 | 56,742 | ||||||
Avis Budget Group, Inc.* (Road & Rail) | 492 | 89,559 | ||||||
Avnet, Inc. (Electronic Equipment, Instruments & Components) | 1,404 | 67,209 | ||||||
Axon Enterprise, Inc.* (Aerospace & Defense) | 1,022 | 112,614 | ||||||
Azenta, Inc. (Semiconductors & Semiconductor Equipment) | 1,076 | 73,448 | ||||||
Bank of Hawaii Corp. (Banks) | 579 | 46,384 | ||||||
Bank OZK (Banks) | 1,622 | 65,042 | ||||||
Belden, Inc. (Electronic Equipment, Instruments & Components) | 636 | 41,162 | ||||||
BellRing Brands, Inc.* (Personal Products) | 1,567 | 37,827 | ||||||
BJ's Wholesale Club Holdings, Inc.* (Food & Staples Retailing) | 1,938 | 131,203 | ||||||
Black Hills Corp. (Multi-Utilities) | 931 | 71,873 | ||||||
Blackbaud, Inc.* (Software) | 655 | 40,165 | ||||||
Boyd Gaming Corp. (Hotels, Restaurants & Leisure) | 1,150 | 63,837 | ||||||
Bread Financial Holdings, Inc. (IT Services) | 718 | 28,440 | ||||||
Brighthouse Financial, Inc.* (Insurance) | 1,075 | 46,677 | ||||||
Brixmor Property Group, Inc. (Equity Real Estate Investment Trusts (REITs)) | 4,309 | 99,883 | ||||||
Bruker Corp. (Life Sciences Tools & Services) | 1,435 | 98,369 | ||||||
Brunswick Corp. (Leisure Products) | 1,087 | 87,090 | ||||||
Builders FirstSource, Inc.* (Building Products) | 2,485 | 168,979 | ||||||
Cable One, Inc. (Media) | 70 | 96,368 | ||||||
Cabot Corp. (Chemicals) | 813 | 60,373 | ||||||
CACI International, Inc.*—Class A (Professional Services) | 336 | 101,569 | ||||||
Cadence Bank (Banks) | 2,640 | 68,904 | ||||||
Calix, Inc.* (Communications Equipment) | 797 | 45,461 | ||||||
Callaway Golf Co.* (Leisure Products) | 1,673 | 38,395 | ||||||
Capri Holdings, Ltd.* (Textiles, Apparel & Luxury Goods) | 2,119 | 103,153 | ||||||
Carlisle Cos., Inc. (Industrial Conglomerates) | 743 | 220,002 | ||||||
Carter's, Inc. (Textiles, Apparel & Luxury Goods) | 579 | 47,177 | ||||||
Casey's General Stores, Inc. (Food & Staples Retailing) | 533 | 108,012 | ||||||
Cathay General Bancorp (Banks) | 1,080 | 45,036 | ||||||
ChampionX Corp. (Energy Equipment & Services) | 2,921 | 61,020 | ||||||
Chart Industries, Inc.* (Machinery) | 516 | 100,666 | ||||||
Chemed Corp. (Health Care Providers & Services) | 215 | 103,434 | ||||||
Choice Hotels International, Inc. (Hotels, Restaurants & Leisure) | 473 | 57,172 | ||||||
Churchill Downs, Inc. (Hotels, Restaurants & Leisure) | 493 | 103,431 | ||||||
Ciena Corp.* (Communications Equipment) | 2,188 | 112,901 | ||||||
Cirrus Logic, Inc.* (Semiconductors & Semiconductor Equipment) | 822 | 70,248 | ||||||
Clean Harbors, Inc.* (Commercial Services & Supplies) | 720 | 70,265 | ||||||
Cleveland-Cliffs, Inc.* (Metals & Mining) | 6,870 | 121,668 | ||||||
CNO Financial Group, Inc. (Insurance) | 1,664 | 31,200 | ||||||
CNX Resources Corp.* (Oil, Gas & Consumable Fuels) | 2,804 | 48,425 | ||||||
Coca-Cola Consolidated, Inc. (Beverages) | 66 | 33,858 | ||||||
Cognex Corp. (Electronic Equipment, Instruments & Components) | 2,494 | 127,144 | ||||||
Columbia Sportswear Co. (Textiles, Apparel & Luxury Goods) | 480 | 35,525 | ||||||
Commerce Bancshares, Inc. (Banks) | 1,577 | 109,586 | ||||||
Commercial Metals Co. (Metals & Mining) | 1,743 | 69,058 | ||||||
CommVault Systems, Inc.* (Software) | 640 | 35,898 | ||||||
Concentrix Corp. (IT Services) | 617 | 82,530 | ||||||
Corporate Office Properties Trust (Equity Real Estate Investment Trusts (REITs)) | 1,614 | 45,434 | ||||||
Coty, Inc.*—Class A (Personal Products) | 4,951 | 36,241 | ||||||
Cousins Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,135 | 65,865 | ||||||
Cracker Barrel Old Country Store, Inc. (Hotels, Restaurants & Leisure) | 333 | 31,658 | ||||||
Crane Holdings Co. (Machinery) | 685 | 67,767 | ||||||
Crocs, Inc.* (Textiles, Apparel & Luxury Goods) | 886 | 63,473 | ||||||
Cullen/Frost Bankers, Inc. (Banks) | 818 | 106,667 | ||||||
Curtiss-Wright Corp. (Aerospace & Defense) | 552 | 79,179 | ||||||
Dana, Inc. (Auto Components) | 2,059 | 34,509 | ||||||
Darling Ingredients, Inc.* (Food Products) | 2,319 | 160,660 | ||||||
Deckers Outdoor Corp.* (Textiles, Apparel & Luxury Goods) | 391 | 122,465 | ||||||
Dick's Sporting Goods, Inc. (Specialty Retail) | 833 | 77,960 | ||||||
Donaldson Co., Inc. (Machinery) | 1,773 | 96,469 | ||||||
Douglas Emmett, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,528 | 59,762 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: UltraMid-Cap ProFund :: 203
Common Stocks, continued
Shares | Value | |||||||
DT Midstream, Inc. (Oil, Gas & Consumable Fuels) | 1,390 | $ | 76,492 | |||||
Dycom Industries, Inc.* (Construction & Engineering) | 426 | 43,946 | ||||||
Eagle Materials, Inc. (Construction Materials) | 568 | 71,824 | ||||||
East West Bancorp, Inc. (Banks) | 2,042 | 146,575 | ||||||
EastGroup Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 599 | 102,153 | ||||||
EMCOR Group, Inc. (Construction & Engineering) | 736 | 85,648 | ||||||
Encompass Health Corp. (Health Care Providers & Services) | 1,435 | 72,640 | ||||||
Energizer Holdings, Inc. (Household Products) | 941 | 27,788 | ||||||
EnerSys (Electrical Equipment) | 594 | 39,151 | ||||||
Enovis Corp.* (Health Care Equipment & Supplies) | 677 | 40,430 | ||||||
Envestnet, Inc.* (Software) | 793 | 46,208 | ||||||
Envista Holdings Corp.* (Health Care Equipment & Supplies) | 2,334 | 94,877 | ||||||
EPR Properties (Equity Real Estate Investment Trusts (REITs)) | 1,076 | 57,900 | ||||||
EQT Corp. (Oil, Gas & Consumable Fuels) | 4,252 | 187,215 | ||||||
Equitrans Midstream Corp. (Oil, Gas & Consumable Fuels) | 5,841 | 45,852 | ||||||
Esab Corp. (Machinery) | 656 | 27,040 | ||||||
Essent Group, Ltd. (Thrifts & Mortgage Finance) | 1,544 | 64,477 | ||||||
Essential Utilities, Inc. (Water Utilities) | 3,307 | 171,766 | ||||||
Euronet Worldwide, Inc.* (IT Services) | 726 | 71,344 | ||||||
Evercore Partners, Inc.—Class A (Capital Markets) | 582 | 58,183 | ||||||
Exelixis, Inc.* (Biotechnology) | 4,605 | 96,337 | ||||||
F.N.B. Corp. (Banks) | 4,849 | 57,994 | ||||||
Fair Isaac Corp.* (Software) | 373 | 172,336 | ||||||
Federated Hermes, Inc.—Class B (Capital Markets) | 1,316 | 44,889 | ||||||
First American Financial Corp. (Insurance) | 1,542 | 89,436 | ||||||
First Financial Bankshares, Inc. (Banks) | 1,845 | 81,512 | ||||||
First Horizon Corp. (Banks) | 7,687 | 171,882 | ||||||
First Industrial Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,895 | 98,445 | ||||||
First Solar, Inc.* (Semiconductors & Semiconductor Equipment) | 1,423 | 141,118 | ||||||
FirstCash Holdings, Inc. (Consumer Finance) | 568 | 41,612 | ||||||
Five Below, Inc.* (Specialty Retail) | 797 | 101,275 | ||||||
Flowers Foods, Inc. (Food Products) | 2,861 | 81,281 | ||||||
Flowserve Corp. (Machinery) | 1,876 | 63,484 | ||||||
Fluor Corp.* (Construction & Engineering) | 2,043 | 51,913 | ||||||
Foot Locker, Inc. (Specialty Retail) | 1,202 | 34,101 | ||||||
Fox Factory Holding Corp.* (Auto Components) | 606 | 57,364 | ||||||
FTI Consulting, Inc.* (Professional Services) | 495 | 80,962 | ||||||
Fulton Financial Corp. (Banks) | 2,310 | 38,554 | ||||||
GameStop Corp.*(a)—Class A (Specialty Retail) | 3,557 | 120,974 | ||||||
GATX Corp. (Trading Companies & Distributors) | 511 | 51,228 | ||||||
Genpact, Ltd. (IT Services) | 2,449 | 117,748 | ||||||
Gentex Corp. (Auto Components) | 3,366 | 94,989 | ||||||
Glacier Bancorp, Inc. (Banks) | 1,558 | 78,040 | ||||||
Globus Medical, Inc.* (Health Care Equipment & Supplies) | 1,137 | 66,731 | ||||||
Graco, Inc. (Machinery) | 2,429 | 163,131 | ||||||
Graham Holdings Co.—Class B (Diversified Consumer Services) | 57 | 33,886 | ||||||
Grand Canyon Education, Inc.* (Diversified Consumer Services) | 464 | 44,576 | ||||||
Greif, Inc.—Class A (Containers & Packaging) | 383 | 27,047 | ||||||
Grocery Outlet Holding Corp.* (Food & Staples Retailing) | 1,259 | 53,784 | ||||||
GXO Logistics, Inc.* (Air Freight & Logistics) | 1,461 | 70,128 | ||||||
H&R Block, Inc. (Diversified Consumer Services) | 2,293 | 91,628 | ||||||
Haemonetics Corp.* (Health Care Equipment & Supplies) | 735 | 51,075 | ||||||
Halozyme Therapeutics, Inc.* (Biotechnology) | 1,979 | 96,773 | ||||||
Hancock Whitney Corp. (Banks) | 1,240 | 60,524 | ||||||
Hanesbrands, Inc. (Textiles, Apparel & Luxury Goods) | 5,017 | 56,090 | ||||||
Harley-Davidson, Inc. (Automobiles) | 2,116 | 80,006 | ||||||
Hawaiian Electric Industries, Inc. (Electric Utilities) | 1,571 | 66,453 | ||||||
Healthcare Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 5,440 | 142,800 | ||||||
HealthEquity, Inc.* (Health Care Providers & Services) | 1,211 | 70,444 | ||||||
Helen of Troy, Ltd.* (Household Durables) | 343 | 45,890 | ||||||
Hexcel Corp. (Aerospace & Defense) | 1,207 | 73,036 | ||||||
HF Sinclair Corp. (Oil, Gas & Consumable Fuels) | 2,147 | 102,670 | ||||||
Highwoods Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,512 | 53,782 | ||||||
Home BancShares, Inc. (Banks) | 2,717 | 64,121 | ||||||
Hubbell, Inc. (Electrical Equipment) | 770 | 168,645 | ||||||
Hudson Pacific Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,077 | 31,238 | ||||||
IAA, Inc.* (Commercial Services & Supplies) | 1,924 | 72,593 | ||||||
ICU Medical, Inc.* (Health Care Equipment & Supplies) | 290 | 51,379 | ||||||
IDACORP, Inc. (Electric Utilities) | 726 | 81,109 | ||||||
II-VI, Inc.* (Electronic Equipment, Instruments & Components) | 1,855 | 97,662 | ||||||
Inari Medical, Inc.* (Health Care Equipment & Supplies) | 488 | 37,859 | ||||||
Independence Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 3,178 | 70,552 | ||||||
Ingevity Corp.* (Chemicals) | 555 | 37,241 | ||||||
Ingredion, Inc. (Food Products) | 951 | 86,522 | ||||||
Insperity, Inc. (Professional Services) | 512 | 56,187 | ||||||
Integra LifeSciences Holdings Corp.* (Health Care Equipment & Supplies) | 1,028 | 56,581 | ||||||
Interactive Brokers Group, Inc. (Capital Markets) | 1,255 | 73,656 | ||||||
International Bancshares Corp. (Banks) | 763 | 33,465 | ||||||
IPG Photonics Corp.* (Electronic Equipment, Instruments & Components) | 498 | 53,077 | ||||||
Iridium Communications, Inc.* (Diversified Telecommunication Services) | 1,837 | 82,132 | ||||||
ITT, Inc. (Machinery) | 1,198 | 89,886 | ||||||
Jabil, Inc. (Electronic Equipment, Instruments & Components) | 2,028 | 120,342 | ||||||
Janus Henderson Group PLC (Capital Markets) | 2,409 | 62,080 | ||||||
Jazz Pharmaceuticals PLC* (Pharmaceuticals) | 896 | 139,829 |
See accompanying notes to the financial statements.
204 :: UltraMid-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
JBG Smith Properties (Equity Real Estate Investment Trusts (REITs)) | 1,565 | $ | 39,814 | |||||
Jefferies Financial Group, Inc. (Diversified Financial Services) | 2,755 | 89,730 | ||||||
JetBlue Airways Corp.* (Airlines) | 4,604 | 38,766 | ||||||
John Wiley & Sons, Inc.—Class A (Media) | 622 | 32,481 | ||||||
Jones Lang LaSalle, Inc.* (Real Estate Management & Development) | 701 | 133,660 | ||||||
KB Home (Household Durables) | 1,247 | 40,702 | ||||||
KBR, Inc. (Professional Services) | 2,005 | 106,727 | ||||||
Kemper Corp. (Insurance) | 862 | 40,342 | ||||||
Kennametal, Inc. (Machinery) | 1,187 | 31,871 | ||||||
Kilroy Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 1,510 | 81,812 | ||||||
Kinsale Capital Group, Inc. (Insurance) | 309 | 75,152 | ||||||
Kirby Corp.* (Marine) | 865 | 54,876 | ||||||
Kite Realty Group Trust (Equity Real Estate Investment Trusts (REITs)) | 3,146 | 62,574 | ||||||
Knight-Swift Transportation Holdings, Inc. (Road & Rail) | 2,348 | 129,023 | ||||||
Kohl's Corp. (Multiline Retail) | 1,846 | 53,792 | ||||||
Kyndryl Holdings, Inc.* (IT Services) | 2,588 | 27,096 | ||||||
Lamar Advertising Co.—Class A (Equity Real Estate Investment Trusts (REITs)) | 1,249 | 126,224 | ||||||
Lancaster Colony Corp. (Food Products) | 285 | 37,728 | ||||||
Landstar System, Inc. (Road & Rail) | 534 | 83,614 | ||||||
Lattice Semiconductor Corp.* (Semiconductors & Semiconductor Equipment) | 1,975 | 121,463 | ||||||
Lear Corp. (Auto Components) | 858 | 129,678 | ||||||
Leggett & Platt, Inc. (Household Durables) | 1,918 | 76,030 | ||||||
Lennox International, Inc. (Building Products) | 475 | 113,777 | ||||||
LHC Group, Inc.* (Health Care Providers & Services) | 446 | 72,725 | ||||||
Life Storage, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,213 | 152,704 | ||||||
Light & Wonder, Inc.* (Hotels, Restaurants & Leisure) | 1,376 | 70,093 | ||||||
Lincoln Electric Holdings, Inc. (Machinery) | 838 | 118,527 | ||||||
Lithia Motors, Inc. (Specialty Retail) | 416 | 110,356 | ||||||
Littelfuse, Inc. (Electronic Equipment, Instruments & Components) | 356 | 99,278 | ||||||
LivaNova PLC* (Health Care Equipment & Supplies) | 767 | 48,835 | ||||||
Louisiana-Pacific Corp. (Paper & Forest Products) | 1,179 | 75,020 | ||||||
Lumentum Holdings, Inc.* (Communications Equipment) | 991 | 89,646 | ||||||
Macy's, Inc. (Multiline Retail) | 4,096 | 72,295 | ||||||
Manhattan Associates, Inc.* (Software) | 906 | 127,447 | ||||||
ManpowerGroup, Inc. (Professional Services) | 757 | 59,356 | ||||||
Marriott Vacations Worldwide Corp. (Hotels, Restaurants & Leisure) | 596 | 81,604 | ||||||
Masimo Corp.* (Health Care Equipment & Supplies) | 733 | 105,977 | ||||||
MasTec, Inc.* (Construction & Engineering) | 821 | 64,802 | ||||||
Matador Resources Co. (Oil, Gas & Consumable Fuels) | 1,594 | 92,101 | ||||||
Mattel, Inc.* (Leisure Products) | 5,060 | 117,393 | ||||||
MAXIMUS, Inc. (IT Services) | 881 | 58,895 | ||||||
MDU Resources Group, Inc. (Multi-Utilities) | 2,921 | 83,453 | ||||||
Medical Properties Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 8,615 | 148,522 | ||||||
Medpace Holdings, Inc.* (Life Sciences Tools & Services) | 387 | 65,608 | ||||||
Mercury General Corp. (Insurance) | 382 | 16,017 | ||||||
Mercury Systems, Inc.* (Aerospace & Defense) | 828 | 48,860 | ||||||
MGIC Investment Corp. (Thrifts & Mortgage Finance) | 4,457 | 63,022 | ||||||
MillerKnoll, Inc. (Commercial Services & Supplies) | 1,090 | 32,820 | ||||||
Minerals Technologies, Inc. (Chemicals) | 474 | 31,668 | ||||||
MKS Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 799 | 94,442 | ||||||
MP Materials Corp.* (Metals & Mining) | 1,070 | 35,920 | ||||||
MSA Safety, Inc. (Commercial Services & Supplies) | 525 | 67,379 | ||||||
MSC Industrial Direct Co., Inc. (Trading Companies & Distributors) | 677 | 55,961 | ||||||
Murphy Oil Corp. (Oil, Gas & Consumable Fuels) | 2,097 | 73,689 | ||||||
Murphy USA, Inc. (Specialty Retail) | 320 | 90,995 | ||||||
National Fuel Gas Co. (Gas Utilities) | 1,314 | 95,054 | ||||||
National Instruments Corp. (Electronic Equipment, Instruments & Components) | 1,883 | 71,554 | ||||||
National Retail Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,525 | 120,215 | ||||||
National Storage Affiliates Trust (Equity Real Estate Investment Trusts (REITs)) | 1,209 | 66,302 | ||||||
Navient Corp. (Consumer Finance) | 2,129 | 35,065 | ||||||
NCR Corp.* (Technology Hardware, Storage & Peripherals) | 1,962 | 63,666 | ||||||
Neogen Corp.*(a) (Health Care Equipment & Supplies) | 1,550 | 35,852 | ||||||
Neurocrine Biosciences, Inc.* (Biotechnology) | 1,372 | 129,146 | ||||||
New Jersey Resources Corp. (Gas Utilities) | 1,382 | 63,835 | ||||||
New York Community Bancorp, Inc. (Thrifts & Mortgage Finance) | 6,720 | 71,367 | ||||||
NewMarket Corp. (Chemicals) | 97 | 30,148 | ||||||
Nordstrom, Inc. (Multiline Retail) | 1,602 | 37,663 | ||||||
NorthWestern Corp. (Multi-Utilities) | 778 | 43,140 | ||||||
NOV, Inc. (Energy Equipment & Services) | 5,651 | 105,165 | ||||||
Novanta, Inc.* (Electronic Equipment, Instruments & Components) | 511 | 78,796 | ||||||
Nu Skin Enterprises, Inc.—Class A (Personal Products) | 721 | 31,371 | ||||||
NuVasive, Inc.* (Health Care Equipment & Supplies) | 750 | 39,390 | ||||||
nVent Electric PLC (Electrical Equipment) | 2,388 | 84,320 | ||||||
OGE Energy Corp. (Electric Utilities) | 2,874 | 118,064 | ||||||
Old National Bancorp (Banks) | 4,206 | 73,226 | ||||||
Old Republic International Corp. (Insurance) | 4,124 | 95,965 | ||||||
Olin Corp. (Chemicals) | 1,993 | 104,174 | ||||||
Ollie's Bargain Outlet Holdings, Inc.* (Multiline Retail) | 838 | 49,400 | ||||||
Omega Healthcare Investors, Inc. (Equity Real Estate Investment Trusts (REITs)) | 3,379 | 104,749 | ||||||
Omnicell, Inc.* (Health Care Technology) | 635 | 69,926 | ||||||
ONE Gas, Inc. (Gas Utilities) | 778 | 66,083 | ||||||
Option Care Health, Inc.* (Health Care Providers & Services) | 1,991 | 66,898 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: UltraMid-Cap ProFund :: 205
Common Stocks, continued
Shares | Value | |||||||
Ormat Technologies, Inc. (Independent Power and Renewable Electricity Producers) | 644 | $ | 55,732 | |||||
Oshkosh Corp. (Machinery) | 944 | 81,278 | ||||||
Owens Corning (Building Products) | 1,396 | 129,465 | ||||||
PacWest Bancorp (Banks) | 1,686 | 47,259 | ||||||
Papa John's International, Inc. (Hotels, Restaurants & Leisure) | 459 | 44,014 | ||||||
Park Hotels & Resorts, Inc. (Equity Real Estate Investment Trusts (REITs)) | 3,351 | 52,242 | ||||||
Patterson Cos., Inc. (Health Care Providers & Services) | 1,248 | 38,763 | ||||||
Paylocity Holding Corp.* (Software) | 570 | 117,380 | ||||||
PDC Energy, Inc. (Oil, Gas & Consumable Fuels) | 1,369 | 89,930 | ||||||
Pebblebrook Hotel Trust (Equity Real Estate Investment Trusts (REITs)) | 1,888 | 36,929 | ||||||
Penumbra, Inc.* (Health Care Equipment & Supplies) | 509 | 70,944 | ||||||
Performance Food Group Co.* (Food & Staples Retailing) | 2,228 | 110,754 | ||||||
Perrigo Co. PLC (Pharmaceuticals) | 1,934 | 80,977 | ||||||
Physicians Realty Trust (Equity Real Estate Investment Trusts (REITs)) | 3,240 | 57,575 | ||||||
Pilgrim's Pride Corp.* (Food Products) | 691 | 21,677 | ||||||
Pinnacle Financial Partners, Inc. (Banks) | 1,099 | 86,931 | ||||||
PNM Resources, Inc. (Electric Utilities) | 1,232 | 59,469 | ||||||
Polaris, Inc. (Leisure Products) | 802 | 94,059 | ||||||
Portland General Electric Co. (Electric Utilities) | 1,279 | 65,664 | ||||||
Post Holdings, Inc.* (Food Products) | 803 | 69,813 | ||||||
PotlatchDeltic Corp. (Equity Real Estate Investment Trusts (REITs)) | 996 | 48,834 | ||||||
Power Integrations, Inc. (Semiconductors & Semiconductor Equipment) | 838 | 71,238 | ||||||
Primerica, Inc. (Insurance) | 552 | 71,037 | ||||||
Progyny, Inc.* (Health Care Providers & Services) | 1,017 | 31,049 | ||||||
Prosperity Bancshares, Inc. (Banks) | 1,325 | 98,169 | ||||||
Qualys, Inc.* (Software) | 481 | 58,836 | ||||||
QuidelOrtho Corp.* (Health Care Equipment & Supplies) | 718 | 73,265 | ||||||
R1 RCM, Inc.* (Health Care Providers & Services) | 1,931 | 48,275 | ||||||
Range Resources Corp.* (Oil, Gas & Consumable Fuels) | 3,722 | 123,087 | ||||||
Rayonier, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,100 | 79,275 | ||||||
Regal Rexnord Corp. (Electrical Equipment) | 962 | 129,197 | ||||||
Reinsurance Group of America, Inc. (Insurance) | 962 | 111,380 | ||||||
Reliance Steel & Aluminum Co. (Metals & Mining) | 890 | 169,322 | ||||||
RenaissanceRe Holdings, Ltd. (Insurance) | 635 | 82,112 | ||||||
Repligen Corp.* (Life Sciences Tools & Services) | 739 | 157,674 | ||||||
Rexford Industrial Realty, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,369 | 154,955 | ||||||
RH* (Specialty Retail) | 253 | 70,696 | ||||||
RLI Corp. (Insurance) | 572 | 62,909 | ||||||
Royal Gold, Inc. (Metals & Mining) | 942 | 98,693 | ||||||
RPM International, Inc. (Chemicals) | 1,859 | 168,054 | ||||||
Ryder System, Inc. (Road & Rail) | 735 | 57,565 | ||||||
Sabra Health Care REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 3,316 | 51,033 | ||||||
Sabre Corp.* (IT Services) | 4,688 | 28,831 | ||||||
Saia, Inc.* (Road & Rail) | 378 | 89,907 | ||||||
Sailpoint Technologies Holding, Inc.* (Software) | 1,354 | 86,345 | ||||||
Science Applications International Corp. (Professional Services) | 801 | 77,593 | ||||||
SEI Investments Co. (Capital Markets) | 1,499 | 82,985 | ||||||
Selective Insurance Group, Inc. (Insurance) | 869 | 67,660 | ||||||
Semtech Corp.* (Semiconductors & Semiconductor Equipment) | 911 | 56,783 | ||||||
Sensient Technologies Corp. (Chemicals) | 604 | 51,932 | ||||||
Service Corp. International (Diversified Consumer Services) | 2,281 | 169,844 | ||||||
Shockwave Medical, Inc.* (Health Care Equipment & Supplies) | 514 | 108,418 | ||||||
Silgan Holdings, Inc. (Containers & Packaging) | 1,210 | 53,845 | ||||||
Silicon Laboratories, Inc.* (Semiconductors & Semiconductor Equipment) | 525 | 77,427 | ||||||
Simpson Manufacturing Co., Inc. (Building Products) | 620 | 64,034 | ||||||
SiTime Corp.* (Semiconductors & Semiconductor Equipment) | 223 | 41,474 | ||||||
Skechers U.S.A., Inc.*—Class A (Textiles, Apparel & Luxury Goods) | 1,936 | 73,491 | ||||||
SL Green Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 920 | 45,678 | ||||||
SLM Corp. (Consumer Finance) | 3,867 | 60,325 | ||||||
Sonoco Products Co. (Containers & Packaging) | 1,400 | 88,886 | ||||||
Sotera Health Co.* (Life Sciences Tools & Services) | 1,421 | 27,283 | ||||||
Southwest Gas Holdings, Inc. (Gas Utilities) | 960 | 83,482 | ||||||
Southwestern Energy Co.* (Oil, Gas & Consumable Fuels) | 16,086 | 113,567 | ||||||
Spire, Inc. (Gas Utilities) | 749 | 56,355 | ||||||
Spirit Realty Capital, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,930 | 85,576 | ||||||
Sprouts Farmers Market, Inc.* (Food & Staples Retailing) | 1,573 | 43,478 | ||||||
STAAR Surgical Co.* (Health Care Equipment & Supplies) | 687 | 55,441 | ||||||
Steel Dynamics, Inc. (Metals & Mining) | 2,578 | 200,774 | ||||||
Stericycle, Inc.* (Commercial Services & Supplies) | 1,325 | 62,103 | ||||||
Stifel Financial Corp. (Capital Markets) | 1,532 | 91,628 | ||||||
STORE Capital Corp. (Equity Real Estate Investment Trusts (REITs)) | 3,628 | 105,285 | ||||||
SunPower Corp.* (Semiconductors & Semiconductor Equipment) | 1,198 | 24,403 | ||||||
Sunrun, Inc.* (Electrical Equipment) | 3,022 | 98,789 | ||||||
Synaptics, Inc.* (Semiconductors & Semiconductor Equipment) | 569 | 82,477 | ||||||
Syneos Health, Inc.* (Life Sciences Tools & Services) | 1,473 | 116,573 | ||||||
Synovus Financial Corp. (Banks) | 2,090 | 84,394 | ||||||
Tandem Diabetes Care, Inc.* (Health Care Equipment & Supplies) | 919 | 60,847 | ||||||
Targa Resources Corp. (Oil, Gas & Consumable Fuels) | 3,277 | 226,472 | ||||||
Taylor Morrison Home Corp.* (Household Durables) | 1,722 | 49,421 |
See accompanying notes to the financial statements.
206 :: UltraMid-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
TD SYNNEX Corp. (Electronic Equipment, Instruments & Components) | 592 | $ | 59,449 | |||||
TEGNA, Inc. (Media) | 3,178 | 66,547 | ||||||
Tempur Sealy International, Inc. (Household Durables) | 2,520 | 69,250 | ||||||
Tenet Healthcare Corp.* (Health Care Providers & Services) | 1,547 | 102,288 | ||||||
Teradata Corp.* (IT Services) | 1,504 | 57,588 | ||||||
Terex Corp. (Machinery) | 995 | 33,342 | ||||||
Tetra Tech, Inc. (Commercial Services & Supplies) | 772 | 118,323 | ||||||
Texas Capital Bancshares, Inc.* (Banks) | 728 | 42,675 | ||||||
Texas Roadhouse, Inc. (Hotels, Restaurants & Leisure) | 981 | 85,563 | ||||||
The Boston Beer Co., Inc.*—Class A (Beverages) | 135 | 51,358 | ||||||
The Brink's Co. (Commercial Services & Supplies) | 676 | 38,491 | ||||||
The Chemours Co. (Chemicals) | 2,236 | 79,579 | ||||||
The Gap, Inc. (Specialty Retail) | 3,027 | 29,120 | ||||||
The Goodyear Tire & Rubber Co.* (Auto Components) | 4,062 | 49,881 | ||||||
The Hain Celestial Group, Inc.* (Food Products) | 1,289 | 29,325 | ||||||
The Hanover Insurance Group, Inc. (Insurance) | 511 | 69,736 | ||||||
The Macerich Co. (Equity Real Estate Investment Trusts (REITs)) | 3,082 | 32,700 | ||||||
The Middleby Corp.* (Machinery) | 782 | 113,148 | ||||||
The New York Times Co.—Class A (Media) | 2,396 | 76,552 | ||||||
The Scotts Miracle-Gro Co.—Class A (Chemicals) | 582 | 51,769 | ||||||
The Timken Co. (Machinery) | 968 | 63,288 | ||||||
The Toro Co. (Machinery) | 1,502 | 129,157 | ||||||
The Wendy's Co. (Hotels, Restaurants & Leisure) | 2,464 | 51,818 | ||||||
The Western Union Co. (IT Services) | 5,542 | 94,325 | ||||||
Thor Industries, Inc. (Automobiles) | 791 | 66,705 | ||||||
Toll Brothers, Inc. (Household Durables) | 1,583 | 77,852 | ||||||
TopBuild Corp.* (Household Durables) | 469 | 99,296 | ||||||
Travel + Leisure Co. (Hotels, Restaurants & Leisure) | 1,227 | 52,896 | ||||||
Trex Co., Inc.* (Building Products) | 1,628 | 105,039 | ||||||
TripAdvisor, Inc.* (Interactive Media & Services) | 1,442 | 27,412 | ||||||
UGI Corp. (Gas Utilities) | 3,016 | 130,170 | ||||||
UMB Financial Corp. (Banks) | 618 | 55,929 | ||||||
Umpqua Holdings Corp. (Banks) | 3,123 | 54,996 | ||||||
Under Armour, Inc.*—Class A (Textiles, Apparel & Luxury Goods) | 2,709 | 25,085 | ||||||
Under Armour, Inc.*—Class C (Textiles, Apparel & Luxury Goods) | 2,911 | 24,045 | ||||||
United Bankshares, Inc. (Banks) | 1,952 | 75,620 | ||||||
United States Steel Corp. (Metals & Mining) | 3,742 | 88,498 | ||||||
United Therapeutics Corp.* (Biotechnology) | 650 | 150,195 | ||||||
Univar Solutions, Inc.* (Trading Companies & Distributors) | 2,429 | 65,680 | ||||||
Universal Display Corp. (Semiconductors & Semiconductor Equipment) | 625 | 72,163 | ||||||
Unum Group (Insurance) | 2,886 | 92,900 | ||||||
Valley National Bancorp (Banks) | 6,032 | 70,514 | ||||||
Valmont Industries, Inc. (Construction & Engineering) | 306 | 83,073 | ||||||
Valvoline, Inc. (Chemicals) | 2,561 | 82,515 | ||||||
ViaSat, Inc.* (Communications Equipment) | 1,069 | 35,202 | ||||||
Vicor Corp.* (Electrical Equipment) | 310 | 22,618 | ||||||
Victoria's Secret & Co.* (Specialty Retail) | 975 | 36,036 | ||||||
Vishay Intertechnology, Inc. (Electronic Equipment, Instruments & Components) | 1,896 | 39,171 | ||||||
Visteon Corp.* (Auto Components) | 404 | 51,542 | ||||||
Vontier Corp. (Electronic Equipment, Instruments & Components) | 2,317 | 59,779 | ||||||
Voya Financial, Inc. (Diversified Financial Services) | 1,468 | 88,315 | ||||||
Washington Federal, Inc. (Thrifts & Mortgage Finance) | 940 | 32,082 | ||||||
Watsco, Inc. (Trading Companies & Distributors) | 476 | 130,400 | ||||||
Watts Water Technologies, Inc.—Class A (Machinery) | 394 | 54,423 | ||||||
Webster Financial Corp. (Banks) | 2,556 | 118,726 | ||||||
Werner Enterprises, Inc. (Road & Rail) | 851 | 37,410 | ||||||
WEX, Inc.* (IT Services) | 646 | 107,372 | ||||||
Williams-Sonoma, Inc.(a) (Specialty Retail) | 1,005 | 145,142 | ||||||
Wingstop, Inc. (Hotels, Restaurants & Leisure) | 430 | 54,257 | ||||||
Wintrust Financial Corp. (Banks) | 865 | 74,425 | ||||||
Wolfspeed, Inc.* (Semiconductors & Semiconductor Equipment) | 1,774 | 147,773 | ||||||
Woodward, Inc. (Machinery) | 871 | 91,194 | ||||||
World Wrestling Entertainment, Inc.—Class A (Entertainment) | 620 | 42,972 | ||||||
Worthington Industries, Inc. (Metals & Mining) | 461 | 23,608 | ||||||
Wyndham Hotels & Resorts, Inc. (Hotels, Restaurants & Leisure) | 1,325 | 91,968 | ||||||
Xerox Holdings Corp. (Technology Hardware, Storage & Peripherals) | 1,712 | 29,327 | ||||||
XPO Logistics, Inc.* (Air Freight & Logistics) | 1,420 | 84,831 | ||||||
YETI Holdings, Inc.* (Leisure Products) | 1,237 | 62,802 | ||||||
Ziff Davis, Inc.* (Interactive Media & Services) | 680 | 55,686 | ||||||
TOTAL COMMON STOCKS (Cost $20,427,000) | 30,829,370 |
Repurchase Agreements(b)(c) (26.8%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $11,954,170 | $ | 11,952,000 | $ | 11,952,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $11,952,000) | 11,952,000 |
Collateral for Securities Loaned(d) (0.6%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(e) | 285,818 | $ | 285,818 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $285,818) | 285,818 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $32,664,818)—96.5% | 43,067,188 | |||||||
Net other assets (liabilities)—3.5% | 1,552,169 | |||||||
NET ASSETS—100.0% | $ | 44,619,357 |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: UltraMid-Cap ProFund :: 207
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $288,510. |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $6,948,000. |
(d) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(e) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
S&P MidCap 400 | Goldman Sachs International | 8/29/22 | 2.83 | % | $ | 30,156,135 | $ | 810,818 | ||||||||
SPDR S&P MidCap 400 ETF | Goldman Sachs International | 8/29/22 | 2.60 | % | 7,078,559 | 200,401 | ||||||||||
$ | 37,234,694 | $ | 1,011,219 | |||||||||||||
S&P MidCap 400 | UBS AG | 8/29/22 | 2.68 | % | $ | 14,159,296 | $ | 381,822 | ||||||||
SPDR S&P MidCap 400 ETF | UBS AG | 8/29/22 | 2.63 | % | 6,762,354 | 191,438 | ||||||||||
$ | 20,921,650 | $ | 573,260 | |||||||||||||
$ | 58,156,344 | $ | 1,584,479 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
208 :: UltraMid-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
UltraMid-Cap ProFund invested in the following industries as of July 31, 2022:
% of | ||||||||
Value | Net Assets | |||||||
Aerospace & Defense | $ | 313,689 | 0.7 | % | ||||
Air Freight & Logistics | 154,959 | 0.3 | % | |||||
Airlines | 38,766 | 0.1 | % | |||||
Auto Components | 463,971 | 1.0 | % | |||||
Automobiles | 146,711 | 0.3 | % | |||||
Banks | 2,100,527 | 4.7 | % | |||||
Beverages | 85,216 | 0.2 | % | |||||
Biotechnology | 537,182 | 1.2 | % | |||||
Building Products | 581,294 | 1.3 | % | |||||
Capital Markets | 483,562 | 1.1 | % | |||||
Chemicals | 827,337 | 1.9 | % | |||||
Commercial Services & Supplies | 461,974 | 1.0 | % | |||||
Communications Equipment | 283,210 | 0.6 | % | |||||
Construction & Engineering | 475,469 | 1.1 | % | |||||
Construction Materials | 71,824 | 0.2 | % | |||||
Consumer Finance | 137,001 | 0.3 | % | |||||
Containers & Packaging | 271,612 | 0.6 | % | |||||
Diversified Consumer Services | 339,934 | 0.8 | % | |||||
Diversified Financial Services | 178,045 | 0.4 | % | |||||
Diversified Telecommunication Services | 82,132 | 0.2 | % | |||||
Electric Utilities | 441,532 | 1.0 | % | |||||
Electrical Equipment | 633,190 | 1.4 | % | |||||
Electronic Equipment, Instruments & Components | 1,036,127 | 2.3 | % | |||||
Energy Equipment & Services | 166,185 | 0.4 | % | |||||
Entertainment | 42,972 | 0.1 | % | |||||
Equity Real Estate Investment Trusts (REITs) | 2,713,825 | 6.1 | % | |||||
Food & Staples Retailing | 447,231 | 1.0 | % | |||||
Food Products | 487,006 | 1.1 | % | |||||
Gas Utilities | 494,980 | 1.1 | % | |||||
Health Care Equipment & Supplies | 997,901 | 2.2 | % | |||||
Health Care Providers & Services | 770,433 | 1.7 | % | |||||
Health Care Technology | 69,926 | 0.2 | % | |||||
Hotels, Restaurants & Leisure | 788,311 | 1.8 | % | |||||
Household Durables | 458,441 | 1.0 | % | |||||
Household Products | 27,788 | 0.1 | % | |||||
Independent Power and Renewable Electricity Producers | 55,732 | 0.1 | % | |||||
Industrial Conglomerates | 220,002 | 0.5 | % | |||||
Insurance | 1,241,554 | 2.8 | % | |||||
Interactive Media & Services | 83,098 | 0.2 | % | |||||
IT Services | 674,169 | 1.5 | % | |||||
Leisure Products | 399,739 | 0.9 | % | |||||
Life Sciences Tools & Services | 465,507 | 1.0 | % | |||||
Machinery | 1,420,522 | 3.2 | % | |||||
Marine | 54,876 | 0.1 | % | |||||
Media | 271,948 | 0.6 | % | |||||
Metals & Mining | 942,553 | 2.1 | % | |||||
Multiline Retail | 213,150 | 0.5 | % | |||||
Multi-Utilities | 198,466 | 0.4 | % | |||||
Oil, Gas & Consumable Fuels | 1,226,491 | 2.8 | % | |||||
Paper & Forest Products | 75,020 | 0.2 | % | |||||
Personal Products | 105,439 | 0.2 | % | |||||
Pharmaceuticals | 220,806 | 0.5 | % | |||||
Professional Services | 558,554 | 1.3 | % | |||||
Real Estate Management & Development | 133,660 | 0.3 | % | |||||
Road & Rail | 487,077 | 1.1 | % | |||||
Semiconductors & Semiconductor Equipment | 1,103,542 | 2.5 | % | |||||
Software | 813,734 | 1.8 | % | |||||
Specialty Retail | 903,988 | 2.0 | % | |||||
Technology Hardware, Storage & Peripherals | 92,993 | 0.2 | % | |||||
Textiles, Apparel & Luxury Goods | 550,504 | 1.2 | % | |||||
Thrifts & Mortgage Finance | 230,948 | 0.5 | % | |||||
Trading Companies & Distributors | 303,269 | 0.7 | % | |||||
Water Utilities | 171,766 | 0.4 | % | |||||
Other** | 13,789,987 | 30.9 | % | |||||
Total | $ | 44,619,357 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: UltraNasdaq-100 ProFund :: 209
Common Stocks (70.4%)
Shares | Value | |||||||
Activision Blizzard, Inc. (Entertainment) | 26,922 | $ | 2,152,414 | |||||
Adobe, Inc.* (Software) | 16,269 | 6,672,242 | ||||||
Advanced Micro Devices, Inc.* (Semiconductors & Semiconductor Equipment) | 55,797 | 5,271,143 | ||||||
Airbnb, Inc.*—Class A (Hotels, Restaurants & Leisure) | 13,162 | 1,460,719 | ||||||
Align Technology, Inc.* (Health Care Equipment & Supplies) | 2,713 | 762,272 | ||||||
Alphabet, Inc.*—Class A (Interactive Media & Services) | 124,840 | 14,521,389 | ||||||
Alphabet, Inc.*—Class C (Interactive Media & Services) | 130,080 | 15,172,531 | ||||||
Amazon.com, Inc.* (Internet & Direct Marketing Retail) | 211,156 | 28,495,501 | ||||||
American Electric Power Co., Inc. (Electric Utilities) | 17,682 | 1,742,737 | ||||||
Amgen, Inc. (Biotechnology) | 18,393 | 4,551,716 | ||||||
Analog Devices, Inc. (Semiconductors & Semiconductor Equipment) | 17,898 | 3,077,740 | ||||||
ANSYS, Inc.* (Software) | 2,995 | 835,575 | ||||||
Apple, Inc. (Technology Hardware, Storage & Peripherals) | 335,902 | 54,587,434 | ||||||
Applied Materials, Inc. (Semiconductors & Semiconductor Equipment) | 29,954 | 3,174,525 | ||||||
ASML Holding N.V.NYS (Semiconductors & Semiconductor Equipment) | 2,949 | 1,694,024 | ||||||
AstraZeneca PLCADR (Pharmaceuticals) | 19,897 | 1,317,778 | ||||||
Atlassian Corp. PLC*—Class A (Software) | 4,923 | 1,030,482 | ||||||
Autodesk, Inc.* (Software) | 7,490 | 1,620,237 | ||||||
Automatic Data Processing, Inc. (IT Services) | 14,384 | 3,468,270 | ||||||
Baidu, Inc.*ADR (Interactive Media & Services) | 7,441 | 1,016,217 | ||||||
Biogen, Inc.* (Biotechnology) | 5,043 | 1,084,548 | ||||||
Booking Holdings, Inc.* (Hotels, Restaurants & Leisure) | 1,399 | 2,708,030 | ||||||
Broadcom, Inc. (Semiconductors & Semiconductor Equipment) | 14,058 | 7,527,777 | ||||||
Cadence Design Systems, Inc.* (Software) | 9,495 | 1,766,830 | ||||||
Charter Communications, Inc.*—Class A (Media) | 5,780 | 2,497,538 | ||||||
Cintas Corp. (Commercial Services & Supplies) | 3,523 | 1,499,002 | ||||||
Cisco Systems, Inc. (Communications Equipment) | 142,581 | 6,468,900 | ||||||
Cognizant Technology Solutions Corp.(a)—Class A (IT Services) | 17,945 | 1,219,542 | ||||||
Comcast Corp.—Class A (Media) | 153,930 | 5,775,454 | ||||||
Constellation Energy Corp. (Electric Utilities) | 11,241 | 743,030 | ||||||
Copart, Inc.* (Commercial Services & Supplies) | 8,183 | 1,048,242 | ||||||
Costco Wholesale Corp. (Food & Staples Retailing) | 15,261 | 8,260,780 | ||||||
Crowdstrike Holdings, Inc.*—Class A (Software) | 7,346 | 1,348,726 | ||||||
CSX Corp. (Road & Rail) | 74,864 | 2,420,353 | ||||||
Datadog, Inc.*—Class A (Software) | 9,748 | 994,393 | ||||||
DexCom, Inc.* (Health Care Equipment & Supplies) | 13,515 | 1,109,311 | ||||||
DocuSign, Inc.* (Software) | 6,883 | 440,374 | ||||||
Dollar Tree, Inc.* (Multiline Retail) | 7,732 | 1,278,564 | ||||||
eBay, Inc. (Internet & Direct Marketing Retail) | 19,276 | 937,392 | ||||||
Electronic Arts, Inc. (Entertainment) | 9,637 | 1,264,664 | ||||||
Exelon Corp. (Electric Utilities) | 33,750 | 1,569,038 | ||||||
Fastenal Co. (Trading Companies & Distributors) | 19,819 | 1,017,904 | ||||||
Fiserv, Inc.* (IT Services) | 22,257 | 2,352,120 | ||||||
Fortinet, Inc.* (Software) | 27,635 | 1,648,428 | ||||||
Gilead Sciences, Inc. (Biotechnology) | 43,188 | 2,580,483 | ||||||
Honeywell International, Inc. (Industrial Conglomerates) | 23,439 | 4,511,069 | ||||||
IDEXX Laboratories, Inc.* (Health Care Equipment & Supplies) | 2,893 | 1,154,828 | ||||||
Illumina, Inc.* (Life Sciences Tools & Services) | 5,409 | 1,172,022 | ||||||
Intel Corp. (Semiconductors & Semiconductor Equipment) | 140,792 | 5,112,158 | ||||||
Intuit, Inc. (Software) | 9,712 | 4,430,323 | ||||||
Intuitive Surgical, Inc.* (Health Care Equipment & Supplies) | 12,360 | 2,844,901 | ||||||
JD.com, Inc.ADR (Internet & Direct Marketing Retail) | 17,449 | 1,038,216 | ||||||
Keurig Dr Pepper, Inc. (Beverages) | 48,843 | 1,892,178 | ||||||
KLA Corp. (Semiconductors & Semiconductor Equipment) | 5,138 | 1,970,629 | ||||||
Lam Research Corp. (Semiconductors & Semiconductor Equipment) | 4,776 | 2,390,436 | ||||||
Lucid Group, Inc.*(a) (Automobiles) | 57,427 | 1,048,043 | ||||||
Lululemon Athletica, Inc.* (Textiles, Apparel & Luxury Goods) | 4,229 | 1,313,147 | ||||||
Marriott International, Inc.—Class A (Hotels, Restaurants & Leisure) | 11,269 | 1,789,743 | ||||||
Marvell Technology, Inc. (Semiconductors & Semiconductor Equipment) | 29,264 | 1,629,420 | ||||||
Match Group, Inc.* (Interactive Media & Services) | 9,833 | 720,857 | ||||||
Mercadolibre, Inc.* (Internet & Direct Marketing Retail) | 1,735 | 1,411,786 | ||||||
Meta Platforms, Inc.*—Class A (Interactive Media & Services) | 71,274 | 11,339,693 | ||||||
Microchip Technology, Inc. (Semiconductors & Semiconductor Equipment) | 19,092 | 1,314,675 | ||||||
Micron Technology, Inc. (Semiconductors & Semiconductor Equipment) | 38,449 | 2,378,455 | ||||||
Microsoft Corp. (Software) | 155,217 | 43,575,621 | ||||||
Moderna, Inc.* (Biotechnology) | 13,696 | 2,247,377 | ||||||
Mondelez International, Inc.—Class A (Food Products) | 47,651 | 3,051,570 | ||||||
Monster Beverage Corp.* (Beverages) | 18,238 | 1,816,870 | ||||||
NetEase, Inc.ADR (Entertainment) | 6,255 | 581,590 | ||||||
Netflix, Inc.* (Entertainment) | 15,297 | 3,440,295 | ||||||
NVIDIA Corp. (Semiconductors & Semiconductor Equipment) | 73,018 | 13,262,258 |
See accompanying notes to the financial statements.
210 :: UltraNasdaq-100 ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
NXP Semiconductors N.V. (Semiconductors & Semiconductor Equipment) | 9,041 | $ | 1,662,459 | |||||
Okta, Inc.* (IT Services) | 5,191 | 511,054 | ||||||
Old Dominion Freight Line, Inc. (Road & Rail) | 3,903 | 1,184,600 | ||||||
O'Reilly Automotive, Inc.* (Specialty Retail) | 2,263 | 1,592,224 | ||||||
PACCAR, Inc. (Machinery) | 11,971 | 1,095,586 | ||||||
Palo Alto Networks, Inc.* (Software) | 3,431 | 1,712,412 | ||||||
Paychex, Inc. (IT Services) | 12,430 | 1,594,520 | ||||||
PayPal Holdings, Inc.* (IT Services) | 39,873 | 3,450,211 | ||||||
PepsiCo, Inc. (Beverages) | 47,608 | 8,329,495 | ||||||
Pinduoduo, Inc.*ADR (Internet & Direct Marketing Retail) | 15,261 | 747,942 | ||||||
Qualcomm, Inc. (Semiconductors & Semiconductor Equipment) | 38,564 | 5,594,094 | ||||||
Regeneron Pharmaceuticals, Inc.* (Biotechnology) | 3,720 | 2,163,887 | ||||||
Ross Stores, Inc. (Specialty Retail) | 12,099 | 983,165 | ||||||
Seagen, Inc.* (Biotechnology) | 6,338 | 1,140,713 | ||||||
Sirius XM Holdings, Inc.(a) (Media) | 135,528 | 905,327 | ||||||
Skyworks Solutions, Inc. (Semiconductors & Semiconductor Equipment) | 5,541 | 603,304 | ||||||
Splunk, Inc.* (Software) | 5,540 | 575,661 | ||||||
Starbucks Corp. (Hotels, Restaurants & Leisure) | 39,490 | 3,347,962 | ||||||
Synopsys, Inc.* (Software) | 5,267 | 1,935,623 | ||||||
Tesla, Inc.* (Automobiles) | 21,501 | 19,167,066 | ||||||
Texas Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 31,751 | 5,679,936 | ||||||
The Kraft Heinz Co. (Food Products) | 42,146 | 1,552,237 | ||||||
T-Mobile U.S., Inc.* (Wireless Telecommunication Services) | 43,163 | 6,174,899 | ||||||
VeriSign, Inc.* (IT Services) | 3,772 | 713,512 | ||||||
Verisk Analytics, Inc. (Professional Services) | 5,437 | 1,034,389 | ||||||
Vertex Pharmaceuticals, Inc.* (Biotechnology) | 8,806 | 2,469,290 | ||||||
Walgreens Boots Alliance, Inc. (Food & Staples Retailing) | 29,741 | 1,178,338 | ||||||
Workday, Inc.*—Class A (Software) | 6,852 | 1,062,745 | ||||||
Xcel Energy, Inc. (Electric Utilities) | 18,753 | 1,372,345 | ||||||
Zoom Video Communications, Inc.*— Class A (Software) | 8,667 | 900,155 | ||||||
Zscaler, Inc.* (Software) | 4,858 | 753,281 | ||||||
TOTAL COMMON STOCKS (Cost $102,673,146) | 410,812,961 |
Repurchase Agreements(b)(c) (26.2%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $153,104,794 | $ | 153,077,000 | $ | 153,077,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $153,077,000) | 153,077,000 |
Collateral for Securities Loaned(d) (0.5%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio—Institutional Shares, 2.12%(e) | 2,946,499 | $ | 2,946,499 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $2,946,499) | 2,946,499 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $258,696,645)—97.1% | 566,836,460 | |||||||
Net other assets (liabilities)—2.9% | 16,828,633 | |||||||
NET ASSETS—100.0% | $ | 583,665,093 |
* | Non-income producing security. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $2,904,241. |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $103,948,000. |
(d) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(e) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
ADR | American Depositary Receipt |
NYS | New York Shares |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: UltraNasdaq-100 ProFund :: 211
Futures Contracts Purchased
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||
E-Mini Nasdaq-100 Futures Contracts | 58 | 9/19/22 | $ | 15,046,940 | $ | 265,938 |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Invesco QQQ Trust, Series 1 ETF | Goldman Sachs International | 8/29/22 | 2.73 | % | $ | 135,138,393 | $ | 3,688,212 | ||||||||
Nasdaq-100 Index | Goldman Sachs International | 8/29/22 | 2.93 | % | 189,720,795 | 4,464,611 | ||||||||||
$ | 324,859,188 | $ | 8,152,823 | |||||||||||||
Invesco QQQ Trust, Series 1 ETF | UBS AG | 8/29/22 | 2.73 | % | $ | 105,239,079 | $ | 2,872,196 | ||||||||
Nasdaq-100 Index | UBS AG | 8/29/22 | 3.13 | % | 312,456,528 | 8,353,316 | ||||||||||
$ | 417,695,607 | $ | 11,225,512 | |||||||||||||
$ | 742,554,795 | $ | 19,378,335 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
UltraNasdaq-100 ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Automobiles | $ | 20,215,109 | 3.5 | % | ||||
Beverages | 12,038,543 | 2.1 | % | |||||
Biotechnology | 16,238,013 | 2.8 | % | |||||
Commercial Services & Supplies | 2,547,243 | 0.4 | % | |||||
Communications Equipment | 6,468,900 | 1.1 | % | |||||
Electric Utilities | 5,427,150 | 0.9 | % | |||||
Entertainment | 7,438,963 | 1.3 | % | |||||
Food & Staples Retailing | 9,439,118 | 1.6 | % | |||||
Food Products | 4,603,807 | 0.8 | % | |||||
Health Care Equipment & Supplies | 5,871,312 | 1.0 | % | |||||
Hotels, Restaurants & Leisure | 9,306,454 | 1.6 | % | |||||
Industrial Conglomerates | 4,511,070 | 0.8 | % | |||||
Interactive Media & Services | 42,770,688 | 7.3 | % | |||||
Internet & Direct Marketing Retail | 32,630,838 | 5.6 | % | |||||
IT Services | 13,309,229 | 2.3 | % | |||||
Life Sciences Tools & Services | 1,172,022 | 0.2 | % | |||||
Machinery | 1,095,586 | 0.2 | % | |||||
Media | 9,178,319 | 1.6 | % | |||||
Multiline Retail | 1,278,563 | 0.2 | % | |||||
Pharmaceuticals | 1,317,778 | 0.2 | % | |||||
Professional Services | 1,034,389 | 0.2 | % | |||||
Road & Rail | 3,604,953 | 0.6 | % | |||||
Semiconductors & Semiconductor Equipment | 62,343,033 | 10.7 | % | |||||
Software | 71,303,108 | 12.3 | % | |||||
Specialty Retail | 2,575,389 | 0.4 | % | |||||
Technology Hardware, Storage & Peripherals | 54,587,434 | 9.3 | % | |||||
Textiles, Apparel & Luxury Goods | 1,313,147 | 0.2 | % | |||||
Trading Companies & Distributors | 1,017,904 | 0.2 | % | |||||
Wireless Telecommunication Services | 6,174,899 | 1.0 | % | |||||
Other** | 172,852,132 | 29.6 | % | |||||
Total | $ | 583,665,093 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
212 :: UltraShort China ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Repurchase Agreements(a)(b) (75.2%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $1,112,202 | $ | 1,112,000 | $ | 1,112,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $1,112,000) | 1,112,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $1,112,000)—75.2% | 1,112,000 | |||||||
Net other assets (liabilities)—24.8% | 367,391 | |||||||
NET ASSETS—100.0% | $ | 1,479,391 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $138,000. |
Total Return Swap Agreements—Short
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
S&P China Select ADR Index (USD) | Goldman Sachs International | 8/29/22 | (1.83 | )% | $ | (1,317,041 | ) | $ | 78,243 | |||||||
S&P China Select ADR Index (USD) | UBS AG | 8/29/22 | (1.08 | )% | (1,635,388 | ) | 52,287 | |||||||||
$ | (2,952,429 | ) | $ | 130,530 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: UltraShort Dow 30 ProFund :: 213
Repurchase Agreements(a)(b) (105.4%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $2,789,506 | $ | 2,789,000 | $ | 2,789,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $2,789,000) | 2,789,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $2,789,000)—105.4% | 2,789,000 | |||||||
Net other assets (liabilities)—(5.4)% | (142,162 | ) | ||||||
NET ASSETS—100.0% | $ | 2,646,838 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $958,000. |
Total Return Swap Agreements—Short
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones Industrial Average | Goldman Sachs International | 8/29/22 | (2.68 | )% | $ | (2,209,295 | ) | $ | (48,208 | ) | ||||||
Dow Jones Industrial Average | UBS AG | 8/29/22 | (2.53 | )% | (3,188,014 | ) | (62,477 | ) | ||||||||
$ | (5,397,309 | ) | $ | (110,685 | ) |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
214 :: UltraShort Emerging Markets ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Repurchase Agreements(a)(b) (92.7%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $1,184,215 | $ | 1,184,000 | $ | 1,184,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $1,184,000) | 1,184,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $1,184,000)—92.7% | 1,184,000 | |||||||
Net other assets (liabilities)—7.3% | 93,909 | |||||||
NET ASSETS—100.0% | $ | 1,277,909 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $240,000. |
Total Return Swap Agreements—Short
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
S&P Emerging 50 ADR Index (USD) | Goldman Sachs International | 8/29/22 | (1.98 | )% | $ | (1,290,610 | ) | $ | 5,803 | |||||||
S&P Emerging 50 ADR Index (USD) | UBS AG | 8/29/22 | (1.83 | )% | (1,262,134 | ) | 3,870 | |||||||||
$ | (2,552,744 | ) | $ | 9,673 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Porfolio Investments :: UltraShort International ProFund :: 215
Repurchase Agreements(a)(b) (101.4%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $2,684,487 | $ | 2,684,000 | $ | 2,684,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $2,684,000) | 2,684,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $2,684,000)—101.4% | 2,684,000 | |||||||
Net other assets (liabilities)—(1.4)% | (37,636 | ) | ||||||
NET ASSETS—100.0% | $ | 2,646,364 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $254,000. |
Total Return Swap Agreements—Short
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
MSCI EAFE Index | Goldman Sachs International | 8/29/22 | (2.13 | )% | $ | (2,331,083 | ) | $ | (45,653 | ) | ||||||
MSCI EAFE Index | UBS AG | 8/29/22 | (2.03 | )% | (2,802,548 | ) | (61,600 | ) | ||||||||
$ | (5,133,631 | ) | $ | (107,253 | ) |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
216 :: UltraShort Japan ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Repurchase Agreements(a) (87.3%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $175,032 | $ | 175,000 | $ | 175,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $175,000) | 175,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $175,000)—87.3% | 175,000 | |||||||
Net other assets (liabilities)—12.7% | 25,414 | |||||||
NET ASSETS—100.0% | $ | 200,414 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
Futures Contracts Sold
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||
Nikkei 225 Futures Contracts | 1 | 9/9/22 | $ | (140,000 | ) | $ | (1,978 | ) |
Total Return Swap Agreements—Short
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Nikkei 225 Stock Average | Goldman Sachs International | 8/29/22 | (2.58 | )% | $ | (255,151 | ) | $ | 420 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Porfolio Investments :: UltraShort Latin America ProFund :: 217
Repurchase Agreements(a)(b) (101.3%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $1,827,332 | $ | 1,827,000 | $ | 1,827,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $1,827,000) | 1,827,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $1,827,000)—101.3% | 1,827,000 | |||||||
Net other assets (liabilities)—(1.3)% | (23,052 | ) | ||||||
NET ASSETS—100.0% | $ | 1,803,948 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $211,000. |
Total Return Swap Agreements—Short
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
S&P Latin America 35 ADR Index (USD) | Goldman Sachs International | 8/29/22 | (1.83 | )% | $ | (973,227 | ) | $ | (23,304 | ) | ||||||
S&P Latin America 35 ADR Index (USD) | UBS AG | 8/29/22 | (1.83 | )% | (2,632,872 | ) | (70,902 | ) | ||||||||
$ | (3,606,099 | ) | $ | (94,206 | ) |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
218 :: UltraShort Mid-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Repurchase Agreements(a)(b) (105.9%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $1,564,284 | $ | 1,564,000 | $ | 1,564,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $1,564,000) | 1,564,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $1,564,000)—105.9% | 1,564,000 | |||||||
Net other assets (liabilities)—(5.9)% | (86,736 | ) | ||||||
NET ASSETS—100.0% | $ | 1,477,264 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $477,000. |
Futures Contracts Sold
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||
E-Mini S&P MidCap 400 Futures Contracts | 1 | 9/19/22 | $ | (251,440 | ) | $ | 5,108 |
Total Return Swap Agreements—Short
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
S&P MidCap 400 | Goldman Sachs International | 8/29/22 | (2.43 | )% | $ | (1,922,238 | ) | $ | (57,218 | ) | ||||||
S&P MidCap 400 | UBS AG | 8/29/22 | (2.33 | )% | (846,539 | ) | (19,482 | ) | ||||||||
$ | (2,768,777 | ) | $ | (76,700 | ) |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Porfolio Investments :: UltraShort Nasdaq-100 ProFund :: 219
Repurchase Agreements(a)(b) (106.4%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $107,468,510 | $ | 107,449,000 | $ | 107,449,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $107,449,000) | 107,449,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $107,449,000)—106.4% | 107,449,000 | |||||||
Net other assets (liabilities)—(6.4)% | (6,456,082 | ) | ||||||
NET ASSETS—100.0% | $ | 100,992,918 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $23,941,000. |
Futures Contracts Sold
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||
E-Mini Nasdaq-100 Futures Contracts | 11 | 9/19/22 | $ | (2,853,730 | ) | $ | (185,650 | ) |
Total Return Swap Agreements—Short
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Nasdaq-100 Index | Goldman Sachs International | 8/29/22 | (2.68 | )% | $ | (192,788,950 | ) | $ | (5,704,850 | ) | ||||||
Nasdaq-100 Index | UBS AG | 8/29/22 | (2.48 | )% | (6,966,008 | ) | (186,476 | ) | ||||||||
$ | (199,754,958 | ) | $ | (5,891,326 | ) |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
220 :: UltraShort Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Repurchase Agreements(a)(b) (111.0%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $4,832,877 | $ | 4,832,000 | $ | 4,832,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $4,832,000) | 4,832,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $4,832,000)—111.0% | 4,832,000 | |||||||
Net other assets (liabilities)—(11.0)% | (479,051 | ) | ||||||
NET ASSETS—100.0% | $ | 4,352,949 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $1,053,000. |
Total Return Swap Agreements—Short
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Russell 2000 Index | Goldman Sachs International | 8/29/22 | (2.33 | )% | $ | (8,653,206 | ) | $ | (179,014 | ) | ||||||
Russell 2000 Index | UBS AG | 8/29/22 | (1.83 | )% | (60,327 | ) | (1,182 | ) | ||||||||
$ | (8,713,533 | ) | $ | (180,196 | ) |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Summary Schedule of Portfolio Investments :: UltraSmall-Cap ProFund :: 221
Common Stocks (66.9%)
Percentage of Net Assets | Shares | Value | ||||||||||
Agree Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 0.2 | % | 1,058 | $ | 84,205 | |||||||
AMN Healthcare Services, Inc.* (Health Care Providers & Services) | 0.1 | % | 637 | 71,624 | ||||||||
Apellis Pharmaceuticals, Inc.* (Biotechnology) | 0.1 | % | 1,295 | 72,882 | ||||||||
ASGN, Inc.* (Professional Services) | 0.1 | % | 714 | 74,084 | ||||||||
Biohaven Pharmaceutical Holding Co., Ltd.* (Biotechnology) | 0.2 | % | 887 | 129,519 | ||||||||
Black Hills Corp. (Multi-Utilities) | 0.1 | % | 926 | 71,488 | ||||||||
Blackstone Mortgage Trust, Inc.—Class A (Mortgage Real Estate Investment Trusts (REITs)) | 0.1 | % | 2,425 | 75,103 | ||||||||
Celsius Holdings, Inc.* (Beverages) | 0.1 | % | 778 | 69,211 | ||||||||
Chart Industries, Inc.* (Machinery) | 0.2 | % | 523 | 102,031 | ||||||||
EMCOR Group, Inc. (Construction & Engineering) | 0.2 | % | 722 | 84,019 | ||||||||
ExlService Holdings, Inc.* (IT Services) | 0.1 | % | 461 | 77,618 | ||||||||
Exponent, Inc. (Professional Services) | 0.1 | % | 734 | 73,760 | ||||||||
First Financial Bankshares, Inc. (Banks) | 0.2 | % | 1,850 | 81,732 | ||||||||
Glacier Bancorp, Inc. (Banks) | 0.2 | % | 1,582 | 79,241 | ||||||||
Halozyme Therapeutics, Inc.* (Biotechnology) | 0.2 | % | 1,932 | 94,474 | ||||||||
HealthEquity, Inc.* (Health Care Providers & Services) | 0.1 | % | 1,181 | 68,699 | ||||||||
Independence Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 0.1 | % | 3,156 | 70,063 | ||||||||
Inspire Medical Systems, Inc.* (Health Care Technology) | 0.2 | % | 388 | 81,089 | ||||||||
Intellia Therapeutics, Inc.* (Biotechnology) | 0.1 | % | 1,073 | 69,487 | ||||||||
Intra-Cellular Therapies, Inc.* (Pharmaceuticals) | 0.1 | % | 1,304 | 70,572 | ||||||||
Iridium Communications, Inc.* (Diversified Telecommunication Services) | 0.2 | % | 1,813 | 81,058 | ||||||||
Kinsale Capital Group, Inc. (Insurance) | 0.1 | % | 308 | 74,909 | ||||||||
Lantheus Holdings, Inc.* (Health Care Equipment & Supplies) | 0.1 | % | 973 | 74,649 | ||||||||
LHC Group, Inc.* (Health Care Providers & Services) | 0.1 | % | 425 | 69,301 | ||||||||
Light & Wonder, Inc.* (Hotels, Restaurants & Leisure) | 0.1 | % | 1,394 | 71,011 | ||||||||
Matador Resources Co. (Oil, Gas & Consumable Fuels) | 0.2 | % | 1,603 | 92,622 | ||||||||
Murphy Oil Corp. (Oil, Gas & Consumable Fuels) | 0.1 | % | 2,099 | 73,759 | ||||||||
Murphy USA, Inc. (Specialty Retail) | 0.2 | % | 319 | 90,710 | ||||||||
Novanta, Inc.* (Electronic Equipment, Instruments & Components) | 0.1 | % | 506 | 78,024 | ||||||||
Oasis Petroleum, Inc. (Oil, Gas & Consumable Fuels) | 0.1 | % | 601 | 77,073 | ||||||||
Old National Bancorp (Banks) | 0.1 | % | 4,176 | 72,704 | ||||||||
Omnicell, Inc.* (Health Care Technology) | 0.1 | % | 625 | 68,826 | ||||||||
Option Care Health, Inc.* (Health Care Providers & Services) | 0.1 | % | 2,045 | 68,712 | ||||||||
Power Integrations, Inc. (Semiconductors & Semiconductor Equipment) | 0.1 | % | 824 | 70,048 | ||||||||
RBC Bearings, Inc.* (Machinery) | 0.2 | % | 406 | 95,815 | ||||||||
Rogers Corp.* (Electronic Equipment, Instruments & Components) | 0.1 | % | 267 | 71,889 | ||||||||
Saia, Inc.* (Road & Rail) | 0.2 | % | 378 | 89,908 | ||||||||
Sailpoint Technologies Holding, Inc.* (Software) | 0.2 | % | 1,326 | 84,560 | ||||||||
Shockwave Medical, Inc.* (Health Care Equipment & Supplies) | 0.2 | % | 507 | 106,942 | ||||||||
Silicon Laboratories, Inc.* (Semiconductors & Semiconductor Equipment) | 0.1 | % | 516 | 76,100 | ||||||||
SM Energy Co. (Oil, Gas & Consumable Fuels) | 0.1 | % | 1,725 | 71,208 | ||||||||
SouthState Corp. (Banks) | 0.2 | % | 1,068 | 90,533 | ||||||||
Southwest Gas Holdings, Inc. (Gas Utilities) | 0.2 | % | 940 | 81,743 | ||||||||
STAG Industrial, Inc. (Equity Real Estate Investment Trusts (REITs)) | 0.2 | % | 2,569 | 84,211 |
See accompanying notes to the financial statements.
222 :: UltraSmall-Cap ProFund :: Summary Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Percentage of Net Assets | Shares | Value | ||||||||||
Synaptics, Inc.* (Semiconductors & Semiconductor Equipment) | 0.2 | % | 565 | $ | 81,898 | |||||||
Texas Roadhouse, Inc. (Hotels, Restaurants & Leisure) | 0.2 | % | 973 | 84,866 | ||||||||
UFP Industries, Inc. (Building Products) | 0.2 | % | 867 | 79,945 | ||||||||
United Bankshares, Inc. (Banks) | 0.1 | % | 1,886 | 73,064 | ||||||||
Valley National Bancorp (Banks) | 0.1 | % | 6,133 | 71,695 | ||||||||
Other Common Stocks | 59.5 | % | 1,660,797 | 31,406,765 | ||||||||
TOTAL COMMON STOCKS (Cost $27,034,309) | 35,315,449 | |||||||||||
Right(NM) | ||||||||||||
Zogenix, Inc. CVR;*+(a) (Pharmaceuticals) | 1,273 | 866 | ||||||||||
TOTAL RIGHT (Cost $—) | 866 |
Trust (0.0%)
Interest Units | Value | |||||||
Ferroglobe Representation and Warranty Insurance*+ (Metals & Mining) | 1,320 | $ | — | |||||
TOTAL TRUST (Cost $—) | — |
Repurchase Agreements(b)(c) (30.2%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20% dated 7/29/22, due 8/1/22, total to be received $15,972,900 | $ | 15,970,000 | $ | 15,970,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $15,970,000) | 15,970,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $43,004,309)—97.1% | 51,286,315 | |||||||
Net other assets (liabilities)—2.9% | 1,526,448 | |||||||
NET ASSETS—100.0% | $ | 52,812,763 |
* | Non-income producing security. |
+ | These securities were fair valued based on procedures approved by the Board of Trustees. As of July 31, 2022, these securities represented less than 0.005% of the net assets of the Fund. |
(a) | On March 7, 2022, UCB SA acquired Zogenix Inc. As part of the acquisition, shareholders of Zogenix Inc. are entitled to a CVR per share of Zogenix Inc. held. The CVR has a potential cash payment of $2.00 upon EU approval by December 31, 2023, of FINTEPLA® as an orphan medicine for treatment of Lennox-Gastaut syndrome (LGS). |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $8,172,000. |
CVR | Contingent Value Rights |
Futures Contracts Purchased
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||
E-Mini Russell 2000 Index Futures Contracts | 100 | 9/19/22 | $ | 9,426,500 | $ | (168,937 | ) |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
iShares Russell 2000 ETF | Goldman Sachs International | 8/29/22 | 2.38 | % | $ | 10,785,605 | $ | 220,005 | ||||||||
Russell 2000 Index | Goldman Sachs International | 8/29/22 | 2.73 | % | 21,044,822 | 393,646 | ||||||||||
$ | 31,830,427 | $ | 613,651 | |||||||||||||
iShares Russell 2000 ETF | UBS AG | 8/29/22 | 2.13 | % | $ | 13,885,930 | $ | 283,434 | ||||||||
Russell 2000 Index | UBS AG | 8/29/22 | 2.33 | % | 14,876,350 | 290,959 | ||||||||||
$ | 28,762,280 | $ | 574,393 | |||||||||||||
$ | 60,592,707 | $ | 1,188,044 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Summary Schedule of Portfolio Investments :: UltraSmall-Cap ProFund :: 223
UltraSmall-Cap ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Aerospace & Defense | $ | 310,197 | 0.6 | % | ||||
Air Freight & Logistics | 137,075 | 0.3 | % | |||||
Airlines | 138,356 | 0.3 | % | |||||
Auto Components | 491,282 | 0.9 | % | |||||
Automobiles | 74,338 | 0.1 | % | |||||
Banks | 3,295,252 | 6.3 | % | |||||
Beverages | 190,289 | 0.4 | % | |||||
Biotechnology | 2,551,781 | 4.8 | % | |||||
Building Products | 478,458 | 0.9 | % | |||||
Capital Markets | 554,741 | 1.1 | % | |||||
Chemicals | 734,595 | 1.4 | % | |||||
Commercial Services & Supplies | 521,761 | 1.0 | % | |||||
Communications Equipment | 354,977 | 0.7 | % | |||||
Construction & Engineering | 496,899 | 0.9 | % | |||||
Construction Materials | 49,420 | 0.1 | % | |||||
Consumer Discretionary Products | 7,403 | NM | ||||||
Consumer Finance | 233,504 | 0.4 | % | |||||
Containers & Packaging | 111,838 | 0.2 | % | |||||
Distributors | 14,086 | NM | ||||||
Diversified Consumer Services | 357,201 | 0.7 | % | |||||
Diversified Financial Services | 92,578 | 0.2 | % | |||||
Diversified Telecommunication Services | 202,260 | 0.4 | % | |||||
Electric Utilities | 258,167 | 0.5 | % | |||||
Electrical Equipment | 443,972 | 0.8 | % | |||||
Electronic Equipment, Instruments & Components | 784,164 | 1.5 | % | |||||
Energy Equipment & Services | 552,492 | 1.0 | % | |||||
Entertainment | 120,811 | 0.2 | % | |||||
Equity Real Estate Investment Trusts (REITs) | 2,266,102 | 4.3 | % | |||||
Food & Staples Retailing | 202,694 | 0.4 | % | |||||
Food Products | 401,953 | 0.8 | % | |||||
Gas Utilities | 448,538 | 0.9 | % | |||||
Health Care Equipment & Supplies | 1,240,600 | 2.4 | % | |||||
Health Care Providers & Services | 1,029,687 | 2.0 | % | |||||
Health Care Technology | 375,217 | 0.7 | % | |||||
Hotels, Restaurants & Leisure | 781,021 | 1.5 | % | |||||
Household Durables | 579,266 | 1.1 | % | |||||
Household Products | 92,343 | 0.2 | % | |||||
Independent Power and Renewable Electricity Producers | 169,203 | 0.3 | % | |||||
Industrial Conglomerates | 8,454 | NM | ||||||
Insurance | 684,819 | 1.3 | % | |||||
Interactive Media & Services | 254,830 | 0.5 | % | |||||
Internet & Direct Marketing Retail | 165,352 | 0.3 | % | |||||
IT Services | 834,462 | 1.6 | % | |||||
Leisure Products | 222,966 | 0.4 | % | |||||
Life Sciences Tools & Services | 242,193 | 0.5 | % | |||||
Machinery | 1,366,394 | 2.6 | % | |||||
Marine | 106,753 | 0.2 | % | |||||
Media | 339,956 | 0.6 | % | |||||
Metals & Mining | 497,424 | 0.9 | % | |||||
Mortgage Real Estate Investment Trusts (REITs) | 518,795 | 1.0 | % | |||||
Multiline Retail | 21,924 | NM | ||||||
Multi-Utilities | 171,801 | 0.3 | % | |||||
Oil, Gas & Consumable Fuels | 1,489,531 | 2.8 | % | |||||
Paper & Forest Products | 55,257 | 0.1 | % | |||||
Personal Products | 255,156 | 0.5 | % | |||||
Pharmaceuticals | 551,235 | 1.0 | % | |||||
Professional Services | 641,094 | 1.2 | % | |||||
Real Estate Management & Development | 235,484 | 0.4 | % | |||||
Road & Rail | 227,890 | 0.4 | % | |||||
Semiconductors & Semiconductor Equipment | 1,052,543 | 2.0 | % | |||||
Software | 1,695,220 | 3.2 | % | |||||
Specialty Retail | 739,577 | 1.4 | % | |||||
Technology Hardware, Storage & Peripherals | 136,235 | 0.3 | % | |||||
Textiles, Apparel & Luxury Goods | 217,568 | 0.4 | % | |||||
Thrifts & Mortgage Finance | 646,809 | 1.2 | % | |||||
Tobacco | 51,138 | 0.1 | % | |||||
Trading Companies & Distributors | 522,478 | 1.0 | % | |||||
Water Utilities | 160,469 | 0.3 | % | |||||
Wireless Telecommunication Services | 57,987 | 0.1 | % | |||||
Other** | 17,496,448 | 33.1 | % | |||||
Total | $ | 52,812,763 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
NM | Not meaningful, amount is less than 0.05%. |
See accompanying notes to the financial statements.
224 :: U.S. Government Plus ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Repurchase Agreements(a)(b) (168.7%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $14,930,711 | $ | 14,928,000 | $ | 14,928,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $14,928,000) | 14,928,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $14,928,000)—168.7% | 14,928,000 | |||||||
Net other assets (liabilities)—(68.7)% | (6,076,929 | ) | ||||||
NET ASSETS—100.0% | $ | 8,851,071 |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $165,000. |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
30-Year U.S. Treasury Bond, 2.875%, due 5/15/52 | Citibank North America | 8/15/22 | 2.45 | % | $ | 764,448 | $ | 50,463 | ||||||||
30-Year U.S. Treasury Bond, 2.875%, due 5/15/52 | Societe' Generale | 8/15/22 | 2.51 | % | 10,247,480 | 113,166 | ||||||||||
$ | 11,011,928 | $ | 163,629 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
July 31, 2022 :: Schedule of Portfolio Investments :: Utilities UltraSector ProFund :: 225
Common Stocks (70.5%)
Shares | Value | |||||||
ALLETE, Inc. (Electric Utilities) | 471 | $ | 29,235 | |||||
Alliant Energy Corp. (Electric Utilities) | 2,075 | 126,430 | ||||||
Ameren Corp. (Multi-Utilities) | 2,135 | 198,811 | ||||||
American Electric Power Co., Inc. (Electric Utilities) | 4,247 | 418,584 | ||||||
American Water Works Co., Inc. (Water Utilities) | 1,503 | 233,626 | ||||||
Atmos Energy Corp. (Gas Utilities) | 1,149 | 139,478 | ||||||
Avangrid, Inc. (Electric Utilities) | 576 | 28,068 | ||||||
Avista Corp. (Multi-Utilities) | 599 | 25,314 | ||||||
Black Hills Corp. (Multi-Utilities) | 536 | 41,379 | ||||||
CenterPoint Energy, Inc. (Multi-Utilities) | 5,206 | 164,978 | ||||||
Clearway Energy, Inc.—Class A (Independent Power and Renewable Electricity Producers) | 287 | 9,910 | ||||||
Clearway Energy, Inc.—Class C (Independent Power and Renewable Electricity Producers) | 678 | 25,452 | ||||||
CMS Energy Corp. (Multi-Utilities) | 2,399 | 164,883 | ||||||
Consolidated Edison, Inc. (Multi-Utilities) | 2,930 | 290,861 | ||||||
Constellation Energy Corp. (Electric Utilities) | 2,703 | 178,668 | ||||||
Dominion Energy, Inc. (Multi-Utilities) | 6,710 | 550,087 | ||||||
DTE Energy Co. (Multi-Utilities) | 1,603 | 208,871 | ||||||
Duke Energy Corp. (Electric Utilities) | 6,368 | 700,034 | ||||||
Edison International (Electric Utilities) | 3,152 | 213,611 | ||||||
Entergy Corp. (Electric Utilities) | 1,682 | 193,649 | ||||||
Essential Utilities, Inc. (Water Utilities) | 1,904 | 98,894 | ||||||
Evergy, Inc. (Electric Utilities) | 1,898 | 129,557 | ||||||
Eversource Energy (Electric Utilities) | 2,853 | 251,692 | ||||||
Exelon Corp. (Electric Utilities) | 8,108 | 376,941 | ||||||
FirstEnergy Corp. (Electric Utilities) | 4,722 | 194,074 | ||||||
Hawaiian Electric Industries, Inc. (Electric Utilities) | 906 | 38,324 | ||||||
IDACORP, Inc. (Electric Utilities) | 418 | 46,699 | ||||||
National Fuel Gas Co. (Gas Utilities) | 756 | 54,689 | ||||||
New Jersey Resources Corp. (Gas Utilities) | 796 | 36,767 | ||||||
NextEra Energy, Inc. (Electric Utilities) | 16,248 | 1,372,795 | ||||||
NiSource, Inc. (Multi-Utilities) | 3,357 | 102,053 | ||||||
NorthWestern Corp. (Multi-Utilities) | 448 | 24,842 | ||||||
NRG Energy, Inc. (Electric Utilities) | 1,963 | 74,103 | ||||||
ONE Gas, Inc. (Gas Utilities) | 447 | 37,968 | ||||||
PG&E Corp.* (Electric Utilities) | 12,494 | 135,685 | ||||||
Pinnacle West Capital Corp. (Electric Utilities) | 935 | 68,694 | ||||||
PNM Resources, Inc. (Electric Utilities) | 709 | 34,223 | ||||||
Portland General Electric Co. (Electric Utilities) | 738 | 37,889 | ||||||
PPL Corp. (Electric Utilities) | 6,088 | 177,039 | ||||||
Public Service Enterprise Group, Inc. (Multi-Utilities) | 4,129 | 271,151 | ||||||
Sempra Energy (Multi-Utilities) | 2,599 | 430,914 | ||||||
Southwest Gas Holdings, Inc. (Gas Utilities) | 553 | 48,089 | ||||||
Spire, Inc. (Gas Utilities) | 431 | 32,428 | ||||||
The AES Corp. (Independent Power and Renewable Electricity Producers) | 5,525 | 122,766 | ||||||
The Southern Co. (Electric Utilities) | 8,788 | 675,709 | ||||||
UGI Corp. (Gas Utilities) | 1,737 | 74,969 | ||||||
Vistra Corp. (Independent Power and Renewable Electricity Producers) | 3,573 | 92,362 | ||||||
WEC Energy Group, Inc. (Multi-Utilities) | 2,608 | 270,736 | ||||||
Xcel Energy, Inc. (Electric Utilities) | 4,505 | 329,676 | ||||||
TOTAL COMMON STOCKS (Cost $4,987,768) | 9,583,657 |
Repurchase Agreements(a)(b) (21.7%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%–2.20%, dated 7/29/22, due 8/1/22, total to be received $2,944,535 | $ | 2,944,000 | $ | 2,944,000 | ||||
TOTAL REPURCHASE AGREEMENTS (Cost $2,944,000) | 2,944,000 | |||||||
TOTAL INVESTMENT SECURITIES (Cost $7,931,768)—92.2% | 12,527,657 | |||||||
Net other assets (liabilities)—7.8% | 1,059,527 | |||||||
NET ASSETS—100.0% | $ | 13,587,184 |
* | Non-income producing security. |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $1,730,000. |
Total Return Swap Agreements—Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
Dow Jones U.S. Utilities Index | Goldman Sachs International | 8/23/22 | 2.93 | % | $ | 6,238,136 | $ | 297,756 | ||||||||
Dow Jones U.S. Utilities Index | UBS AG | 8/23/22 | 2.68 | % | 4,566,849 | 164,311 | ||||||||||
$ | 10,804,985 | $ | 462,067 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
See accompanying notes to the financial statements.
226 :: Utilities UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Utilities UltraSector ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Electric Utilities | $ | 5,831,379 | 43.0 | % | ||||
Gas Utilities | 424,388 | 3.1 | % | |||||
Independent Power and Renewable Electricity Producers | 250,490 | 1.8 | % | |||||
Multi-Utilities | 2,744,880 | 20.2 | % | |||||
Water Utilities | 332,520 | 2.4 | % | |||||
Other** | 4,003,527 | 29.5 | % | |||||
Total | $ | 13,587,184 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
See accompanying notes to the financial statements.
Statements of Assets and Liabilities
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July 31, 2022 :: Statements of Assets and Liabilities :: 229
Access Flex Bear High Yield ProFund | Access Flex High Yield ProFund | |||||||
ASSETS: | ||||||||
Total Investment Securities, at cost | $ | 1,781,000 | $ | 11,646,526 | ||||
Securities, at value | — | 7,641,375 | ||||||
Repurchase agreements, at value | 1,781,000 | 4,123,000 | ||||||
Total Investment Securities, at value | 1,781,000 | 11,764,375 | ||||||
Cash | 3,275 | 180 | ||||||
Segregated cash balances for futures contracts with brokers | 26,184 | 15,955 | ||||||
Segregated cash balances for credit default swap agreements with brokers | 147,532 | 1,115,726 | ||||||
Dividends and interest receivable | 323 | 21,817 | ||||||
Receivable for capital shares issued | 1,502 | 189,562 | ||||||
Receivable for closed swap agreements | 3,602 | — | ||||||
Due from Advisor under a Receivables Agreement | 292,998 | — | ||||||
Variation margin on futures contracts | — | 469 | ||||||
Variation margin on credit default swap agreements | — | 20,611 | ||||||
Prepaid expenses | 7,116 | 15,118 | ||||||
TOTAL ASSETS | 2,263,532 | 13,143,813 | ||||||
LIABILITIES: | ||||||||
Payable for capital shares redeemed | 36,495 | 45,467 | ||||||
Variation margin on futures contracts | 861 | — | ||||||
Variation margin on credit default swap agreements | 4,353 | — | ||||||
Advisory fees payable | 2,798 | 7,309 | ||||||
Management services fees payable | 559 | 1,462 | ||||||
Administration fees payable | 185 | 654 | ||||||
Distribution and services fees payable—Service Class | 18 | 2,229 | ||||||
Transfer agency fees payable | 210 | 1,481 | ||||||
Fund accounting fees payable | 104 | 369 | ||||||
Compliance services fees payable | 4 | 24 | ||||||
Service fees payable | 12 | 42 | ||||||
Other accrued expenses | 675 | 6,325 | ||||||
TOTAL LIABILITIES | 46,274 | 65,362 | ||||||
NET ASSETS | $ | 2,217,258 | $ | 13,078,451 | ||||
NET ASSETS CONSIST OF: | ||||||||
Capital | $ | 7,626,276 | $ | 14,185,648 | ||||
Total distributable earnings (loss) | (5,409,018 | ) | (1,107,197 | ) | ||||
NET ASSETS | $ | 2,217,258 | $ | 13,078,451 | ||||
NET ASSETS: | ||||||||
Investor Class | $ | 2,189,404 | $ | 9,819,280 | ||||
Service Class | 27,854 | 3,259,171 | ||||||
SHARES OF BENEFICIAL INTEREST OUTSTANDING (unlimited number of shares authorized, no par value): | ||||||||
Investor Class | 69,051 | 328,655 | ||||||
Service Class | 1,034 | 111,203 | ||||||
NET ASSET VALUE (offering and redemption price per share): | ||||||||
Investor Class | $ | 31.71 | $ | 29.88 | ||||
Service Class | 26.94 | 29.31 |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
230 :: Statements of Assets and Liabilities :: July 31, 2022
Banks UltraSector ProFund | Basic Materials UltraSector ProFund | Bear ProFund | Biotechnology UltraSector ProFund | |||||||||||||
ASSETS: | ||||||||||||||||
Total Investment Securities, at cost | $ | 3,403,315 | $ | 2,522,058 | $ | 13,021,000 | $ | 76,268,062 | ||||||||
Securities, at value(a) | 6,692,169 | 4,014,660 | — | 94,124,916 | ||||||||||||
Repurchase agreements, at value | 1,489,000 | 908,000 | 13,021,000 | 29,206,000 | ||||||||||||
Total Investment Securities, at value | 8,181,169 | 4,922,660 | 13,021,000 | 123,330,916 | ||||||||||||
Cash | 138 | 563 | 675 | 279 | ||||||||||||
Segregated cash balances for futures contracts with brokers | — | — | 103,950 | — | ||||||||||||
Segregated cash balances for swap agreements with custodian | — | — | — | — | ||||||||||||
Unrealized appreciation on forward currency contracts | — | — | — | — | ||||||||||||
Dividends and interest receivable | 23,531 | 5,902 | 2,364 | 180,621 | ||||||||||||
Receivable for investments sold | — | — | — | — | ||||||||||||
Receivable for capital shares issued | 7,880 | 92,299 | 26,777 | 27,288 | ||||||||||||
Due from Advisor under an expense limitation agreement | — | — | — | — | ||||||||||||
Unrealized appreciation on swap agreements | 37,626 | 158,128 | — | 951,771 | ||||||||||||
Variation margin on futures contracts | — | — | — | — | ||||||||||||
Prepaid expenses | 22,884 | 16,877 | 42,080 | 18,212 | ||||||||||||
Receivable for tax reclaims | — | — | — | — | ||||||||||||
TOTAL ASSETS | 8,273,228 | 5,196,429 | 13,196,846 | 124,509,087 | ||||||||||||
LIABILITIES: | ||||||||||||||||
Cash overdraft | — | — | — | — | ||||||||||||
Payable for collateral for securities loaned | — | 14,412 | — | 71,844 | ||||||||||||
Payable for capital shares redeemed | 10,495 | 736 | 138,262 | 688,958 | ||||||||||||
Unrealized depreciation on forward currency contracts | — | — | — | — | ||||||||||||
Unrealized depreciation on swap agreements | — | — | 295,860 | — | ||||||||||||
Variation margin on futures contracts | — | — | 27,000 | — | ||||||||||||
Advisory fees payable | 5,075 | 7,737 | 19,083 | 77,196 | ||||||||||||
Management services fees payable | 1,015 | 1,547 | 3,817 | 15,439 | ||||||||||||
Administration fees payable | 707 | 439 | 2,643 | 10,741 | ||||||||||||
Distribution and services fees payable—Service Class | 364 | 374 | 994 | 3,125 | ||||||||||||
Transfer agency fees payable | 958 | 914 | 3,486 | 11,781 | ||||||||||||
Fund accounting fees payable | 411 | 259 | 1,492 | 6,076 | ||||||||||||
Compliance services fees payable | 45 | 28 | 111 | 434 | ||||||||||||
Service fees payable | 46 | 29 | 172 | 700 | ||||||||||||
Other accrued expenses | 14,047 | 7,747 | 14,422 | 96,987 | ||||||||||||
TOTAL LIABILITIES | 33,163 | 34,222 | 507,342 | 983,281 | ||||||||||||
NET ASSETS | $ | 8,240,065 | $ | 5,162,207 | $ | 12,689,504 | $ | 123,525,806 | ||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||
Capital | $ | 10,774,500 | $ | 5,019,188 | $ | 80,862,816 | $ | 81,634,984 | ||||||||
Total distributable earnings (loss) | (2,534,435 | ) | 143,019 | (68,173,312 | ) | 41,890,822 | ||||||||||
NET ASSETS | $ | 8,240,065 | $ | 5,162,207 | $ | 12,689,504 | $ | 123,525,806 | ||||||||
NET ASSETS: | ||||||||||||||||
Investor Class | $ | 7,788,090 | $ | 4,652,183 | $ | 12,125,772 | $ | 119,791,424 | ||||||||
Service Class | 451,975 | 510,024 | 563,732 | 3,734,382 | ||||||||||||
SHARES OF BENEFICIAL INTEREST OUTSTANDING (unlimited number of shares authorized, no par value): | ||||||||||||||||
Investor Class | 171,766 | 50,406 | 757,238 | 2,111,121 | ||||||||||||
Service Class | 10,986 | 6,390 | 39,090 | 98,711 | ||||||||||||
NET ASSET VALUE (offering and redemption price per share): | ||||||||||||||||
Investor Class | $ | 45.34 | $ | 92.29 | $ | 16.01 | $ | 56.74 | ||||||||
Service Class | 41.14 | 79.82 | 14.42 | 37.83 | ||||||||||||
(a) Includes securities on loan valued at: | $ | — | $ | 13,739 | $ | — | $ | 67,821 |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
July 31, 2022 :: Statements of Assets and Liabilities :: 231
Bull ProFund | Communication Services UltraSector ProFund | Consumer Goods UltraSector ProFund | Consumer Services UltraSector ProFund | Europe 30 ProFund | Falling U.S. Dollar ProFund | |||||||||||||||||
$ | 23,194,441 | $ | 4,220,046 | $ | 1,912,422 | $ | 13,839,093 | $ | 4,549,987 | $ | 734,000 | |||||||||||
31,797,757 | 3,618,415 | 3,158,062 | 24,327,090 | 5,396,834 | — | |||||||||||||||||
11,192,000 | 1,080,000 | 911,000 | 6,248,000 | — | 734,000 | |||||||||||||||||
42,989,757 | 4,698,415 | 4,069,062 | 30,575,090 | 5,396,834 | 734,000 | |||||||||||||||||
691 | 76 | 429 | 792 | — | 984 | |||||||||||||||||
138,600 | — | — | — | — | — | |||||||||||||||||
— | 19 | 692 | — | — | 901 | |||||||||||||||||
— | — | — | — | — | 14,093 | |||||||||||||||||
31,688 | 4,696 | 3,229 | 8,423 | 20,013 | 133 | |||||||||||||||||
— | — | — | — | 260,273 | — | |||||||||||||||||
515,118 | 1,400 | 39,960 | 128,238 | 2,352 | 867 | |||||||||||||||||
— | — | 64 | — | — | — | |||||||||||||||||
263,189 | 26,111 | 110,368 | 665,164 | — | — | |||||||||||||||||
24,000 | — | — | — | — | — | |||||||||||||||||
25,228 | 15,901 | 10,801 | 11,783 | 13,891 | 10,283 | |||||||||||||||||
— | — | — | — | 5,462 | — | |||||||||||||||||
43,988,271 | 4,746,618 | 4,234,605 | 31,389,490 | 5,698,825 | 761,261 | |||||||||||||||||
— | — | — | — | 294,608 | — | |||||||||||||||||
— | — | 11,636 | 163,426 | 667,402 | — | |||||||||||||||||
71,369 | 11,055 | 9,474 | 40,000 | 3,757 | — | |||||||||||||||||
— | — | — | — | — | 4,465 | |||||||||||||||||
— | — | — | — | — | — | |||||||||||||||||
— | — | — | — | — | — | |||||||||||||||||
25,053 | 221 | — | 18,159 | 866 | 378 | |||||||||||||||||
5,011 | 44 | — | 3,632 | 173 | 76 | |||||||||||||||||
3,489 | 409 | 345 | 2,537 | 407 | 72 | |||||||||||||||||
7,163 | 89 | 159 | 460 | 171 | 3 | |||||||||||||||||
7,325 | 524 | 485 | 2,986 | 617 | 110 | |||||||||||||||||
2,110 | 238 | 225 | 1,472 | 238 | 41 | |||||||||||||||||
151 | 19 | 21 | 125 | 18 | 3 | |||||||||||||||||
227 | 27 | 22 | 165 | 27 | 5 | |||||||||||||||||
29,669 | 5,101 | 6,106 | 31,482 | 3,630 | 3,003 | |||||||||||||||||
151,567 | 17,727 | 28,473 | 264,444 | 971,914 | 8,156 | |||||||||||||||||
$ | 43,836,704 | $ | 4,728,891 | $ | 4,206,132 | $ | 31,125,046 | $ | 4,726,911 | $ | 753,105 | |||||||||||
$ | 20,899,381 | $ | 6,510,129 | $ | 3,100,539 | $ | 19,925,056 | $ | 9,047,005 | $ | 3,528,225 | |||||||||||
22,937,323 | (1,781,238 | ) | 1,105,593 | 11,199,990 | (4,320,094 | ) | (2,775,120 | ) | ||||||||||||||
$ | 43,836,704 | $ | 4,728,891 | $ | 4,206,132 | $ | 31,125,046 | $ | 4,726,911 | $ | 753,105 | |||||||||||
$ | 33,167,916 | $ | 4,623,172 | $ | 3,965,358 | $ | 30,510,236 | $ | 4,540,327 | $ | 750,170 | |||||||||||
10,668,788 | 105,719 | 240,774 | 614,810 | 186,584 | 2,935 | |||||||||||||||||
627,167 | 49,522 | 47,630 | 665,529 | 349,833 | 54,304 | |||||||||||||||||
259,634 | 1,409 | 3,304 | 16,474 | 13,283 | 236 | |||||||||||||||||
$ | 52.89 | $ | 93.36 | $ | 83.25 | $ | 45.84 | $ | 12.98 | $ | 13.81 | |||||||||||
41.09 | 75.03 | 72.87 | 37.32 | 14.05 | 12.44 | |||||||||||||||||
$ | — | $ | — | $ | 11,359 | $ | 155,715 | $ | 657,469 | $ | — |
See accompanying notes to the financial statements.
232 :: Statements of Assets and Liabilities :: July 31, 2022
Financials UltraSector ProFund | Health Care UltraSector ProFund | Industrials UltraSector ProFund | Internet UltraSector ProFund | |||||||||||||
ASSETS: | ||||||||||||||||
Total Investment Securities, at cost | $ | 2,627,381 | $ | 7,965,107 | $ | 1,866,296 | $ | 59,669,384 | ||||||||
Securities, at value(a) | 4,150,489 | 13,672,117 | 2,477,594 | 59,067,369 | ||||||||||||
Repurchase agreements, at value | 1,370,000 | 4,024,000 | 1,013,000 | 19,186,000 | ||||||||||||
Total Investment Securities, at value | 5,520,489 | 17,696,117 | 3,490,594 | 78,253,369 | ||||||||||||
Cash | 792 | 997 | 1,395 | 734 | ||||||||||||
Segregated cash balances for futures contracts with brokers | — | — | — | — | ||||||||||||
Segregated cash balances for swap agreements with custodian | 793 | 724 | — | — | ||||||||||||
Dividends and interest receivable | 7,568 | 20,259 | 1,579 | 3,484 | ||||||||||||
Receivable for investments sold | — | — | — | — | ||||||||||||
Receivable for capital shares issued | 107,818 | 306,608 | 12,491 | 150,685 | ||||||||||||
Due from Advisor under an expense limitation agreement | — | — | 2,103 | — | ||||||||||||
Unrealized appreciation on swap agreements | 111,943 | 176,548 | 151,222 | 2,354,378 | ||||||||||||
Variation margin on futures contracts | — | — | — | — | ||||||||||||
Prepaid expenses | 15,191 | 19,036 | 10,357 | 19,603 | ||||||||||||
TOTAL ASSETS | 5,764,594 | 18,220,289 | 3,669,741 | 80,782,253 | ||||||||||||
LIABILITIES: | ||||||||||||||||
Cash overdraft | — | — | — | — | ||||||||||||
Payable for investments purchased | — | — | 767 | — | ||||||||||||
Payable for collateral for securities loaned | 4,836 | 25,129 | 1,954 | — | ||||||||||||
Payable for capital shares redeemed | 2,256 | 455,222 | 31,295 | 208,436 | ||||||||||||
Advisory fees payable | 2,616 | 11,172 | — | 47,725 | ||||||||||||
Management services fees payable | 523 | 2,234 | — | 9,545 | ||||||||||||
Administration fees payable | 458 | 1,554 | 289 | 6,661 | ||||||||||||
Distribution and services fees payable—Service Class | 410 | 905 | 211 | 2,860 | ||||||||||||
Transfer agency fees payable | 748 | 2,127 | 420 | 7,844 | ||||||||||||
Fund accounting fees payable | 325 | 919 | 222 | 3,770 | ||||||||||||
Compliance services fees payable | 23 | 65 | 15 | 339 | ||||||||||||
Service fees payable | 30 | 101 | 19 | 434 | ||||||||||||
Other accrued expenses | 6,131 | 14,903 | 4,750 | 90,190 | ||||||||||||
TOTAL LIABILITIES | 18,356 | 514,331 | 39,942 | 377,804 | ||||||||||||
NET ASSETS | $ | 5,746,238 | $ | 17,705,958 | $ | 3,629,799 | $ | 80,404,449 | ||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||
Capital | $ | 5,438,762 | $ | 11,465,692 | $ | 2,086,372 | $ | 107,593,620 | ||||||||
Total distributable earnings (loss) | 307,476 | 6,240,266 | 1,543,427 | (27,189,171 | ) | |||||||||||
NET ASSETS | $ | 5,746,238 | $ | 17,705,958 | $ | 3,629,799 | $ | 80,404,449 | ||||||||
NET ASSETS: | ||||||||||||||||
Investor Class | $ | 5,210,782 | $ | 16,631,188 | $ | 3,353,644 | $ | 76,762,131 | ||||||||
Service Class | 535,456 | 1,074,770 | 276,155 | 3,642,318 | ||||||||||||
SHARES OF BENEFICIAL INTEREST OUTSTANDING (unlimited number of shares authorized, no par value): | ||||||||||||||||
Investor Class | 193,394 | 166,648 | 71,578 | 2,684,108 | ||||||||||||
Service Class | 24,188 | 13,316 | 7,001 | 195,293 | ||||||||||||
NET ASSET VALUE (offering and redemption price per share): | ||||||||||||||||
Investor Class | $ | 26.94 | $ | 99.80 | $ | 46.85 | $ | 28.60 | ||||||||
Service Class | 22.14 | 80.71 | 39.45 | 18.65 | ||||||||||||
(a) Includes securities on loan valued at: | $ | 4,714 | $ | 24,212 | $ | 1,880 | $ | — |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
July 31, 2022 :: Statements of Assets and Liabilities :: 233
Large-Cap Growth ProFund | Large-Cap Value ProFund | Mid-Cap Growth ProFund | Mid-Cap ProFund | Mid-Cap Value ProFund | Nasdaq-100 ProFund | |||||||||||||||||
$ | 4,656,854 | $ | 17,515,536 | $ | 2,429,540 | $ | 2,591,408 | $ | 20,239,069 | $ | 29,488,078 | |||||||||||
12,275,494 | 20,024,414 | 3,282,499 | 2,559,276 | 22,300,886 | 33,286,143 | |||||||||||||||||
3,000 | — | — | 1,193,000 | — | 23,374,000 | |||||||||||||||||
12,278,494 | 20,024,414 | 3,282,499 | 3,752,276 | 22,300,886 | 56,660,143 | |||||||||||||||||
452 | — | — | 356 | — | 482 | |||||||||||||||||
— | — | — | — | — | 247,500 | |||||||||||||||||
— | — | — | — | — | — | |||||||||||||||||
8,626 | 15,211 | 4,949 | 3,487 | 15,263 | 8,792 | |||||||||||||||||
1,544,961 | — | — | — | — | — | |||||||||||||||||
7,007 | 56,644 | 3,649 | 111,852 | 156,924 | 391,073 | |||||||||||||||||
— | — | — | — | — | — | |||||||||||||||||
— | — | — | 34,836 | — | 538,298 | |||||||||||||||||
— | — | — | — | — | 70,200 | |||||||||||||||||
24,488 | 31,144 | 20,075 | 19,383 | 19,941 | 24,566 | |||||||||||||||||
13,864,028 | 20,127,413 | 3,311,172 | 3,922,190 | 22,493,014 | 57,941,054 | |||||||||||||||||
— | 124,628 | 11,040 | — | 69,507 | — | |||||||||||||||||
— | — | — | — | — | — | |||||||||||||||||
— | — | 29,102 | 12,529 | 20,762 | 160,653 | |||||||||||||||||
1,548,518 | 3,828 | 35,714 | 2,547 | 21,671 | 2,276,148 | |||||||||||||||||
11,475 | 6,366 | 189 | 887 | 5,598 | 40,611 | |||||||||||||||||
2,295 | 1,273 | 38 | 177 | 1,120 | 8,702 | |||||||||||||||||
1,597 | 886 | 270 | 314 | 1,010 | 6,069 | |||||||||||||||||
961 | 1,464 | 400 | 622 | 470 | 4,927 | |||||||||||||||||
1,816 | 1,445 | 425 | 591 | 1,124 | 8,865 | |||||||||||||||||
969 | 625 | 218 | 290 | 653 | 3,453 | |||||||||||||||||
49 | 64 | 12 | 18 | 41 | 339 | |||||||||||||||||
104 | 58 | 18 | 20 | 66 | 395 | |||||||||||||||||
14,084 | 7,256 | 4,241 | 3,906 | 10,710 | 84,906 | |||||||||||||||||
1,581,868 | 147,893 | 81,667 | 21,901 | 132,732 | 2,595,068 | |||||||||||||||||
$ | 12,282,160 | $ | 19,979,520 | $ | 3,229,505 | $ | 3,900,289 | $ | 22,360,282 | $ | 55,345,986 | |||||||||||
$ | 4,992,595 | $ | 21,924,283 | $ | 2,118,906 | $ | 3,024,897 | $ | 21,041,708 | $ | 28,682,201 | |||||||||||
7,289,565 | (1,944,763 | ) | 1,110,599 | 875,392 | 1,318,574 | 26,663,785 | ||||||||||||||||
$ | 12,282,160 | $ | 19,979,520 | $ | 3,229,505 | $ | 3,900,289 | $ | 22,360,282 | $ | 55,345,986 | |||||||||||
$ | 11,048,387 | $ | 18,195,783 | $ | 2,707,628 | $ | 3,105,500 | $ | 21,739,945 | $ | 48,381,943 | |||||||||||
1,233,773 | 1,783,737 | 521,877 | 794,789 | 620,337 | 6,964,043 | |||||||||||||||||
85,541 | 220,983 | 30,593 | 30,445 | 233,049 | 420,139 | |||||||||||||||||
11,957 | 24,828 | 7,837 | 9,852 | 8,346 | 77,031 | |||||||||||||||||
$ | 129.16 | $ | 82.34 | $ | 88.50 | $ | 102.00 | $ | 93.28 | $ | 115.16 | |||||||||||
103.18 | 71.84 | 66.59 | 80.67 | 74.33 | 90.41 | |||||||||||||||||
$ | — | $ | — | $ | 28,566 | $ | 12,732 | $ | 20,655 | $ | 157,571 |
See accompanying notes to the financial statements.
234 :: Statements of Assets and Liabilities :: July 31, 2022
Oil & Gas UltraSector ProFund | Oil Equipment & Services UltraSector ProFund | Pharmaceuticals UltraSector ProFund | Precious Metals UltraSector ProFund | |||||||||||||
ASSETS: | ||||||||||||||||
Total Investment Securities, at cost | $ | 24,063,582 | $ | 9,430,224 | $ | 3,610,451 | $ | 12,547,430 | ||||||||
Securities, at value(a) | 34,244,169 | 11,978,582 | 3,520,391 | 14,519,832 | ||||||||||||
Repurchase agreements, at value | 8,033,000 | 2,665,000 | 875,000 | 5,002,000 | ||||||||||||
Total Investment Securities, at value | 42,277,169 | 14,643,582 | 4,395,391 | 19,521,832 | ||||||||||||
Cash | 180 | 723 | 408 | 797 | ||||||||||||
Segregated cash balances for futures contracts with brokers | — | — | — | — | ||||||||||||
Segregated cash balances for swap agreements with custodian | 20 | — | — | — | ||||||||||||
Unrealized appreciation on forward currency contracts | — | — | — | — | ||||||||||||
Dividends and interest receivable | 23,580 | 484 | 7,073 | 1,102 | ||||||||||||
Receivable for capital shares issued | 1,517,682 | 719,903 | 77,900 | 453,874 | ||||||||||||
Receivable for closed forward currency contracts | — | — | — | — | ||||||||||||
Due from Advisor under a Receivables Agreement | — | — | — | — | ||||||||||||
Due from Advisor under an expense limitation agreement | — | — | 1,971 | — | ||||||||||||
Unrealized appreciation on swap agreements | 1,902,546 | 773,970 | 4,286 | 828,131 | ||||||||||||
Prepaid expenses | 18,445 | 18,447 | 17,984 | 18,045 | ||||||||||||
TOTAL ASSETS | 45,739,622 | 16,157,109 | 4,505,013 | 20,823,781 | ||||||||||||
LIABILITIES: | ||||||||||||||||
Payable for collateral for securities loaned | — | — | 8,349 | 552,112 | ||||||||||||
Payable for capital shares redeemed | 624,701 | 1,857,806 | 371,078 | 497,576 | ||||||||||||
Payable to counterparties to swap agreements | — | — | — | — | ||||||||||||
Unrealized depreciation on forward currency contracts | — | — | — | — | ||||||||||||
Unrealized depreciation on swap agreements | — | — | — | — | ||||||||||||
Variation margin on futures contracts | — | — | — | — | ||||||||||||
Advisory fees payable | 25,749 | 9,297 | — | 11,603 | ||||||||||||
Management services fees payable | 5,150 | 1,860 | — | 2,320 | ||||||||||||
Administration fees payable | 3,592 | 1,292 | 392 | 1,605 | ||||||||||||
Distribution and services fees payable—Service Class | 1,993 | 1,559 | 412 | 1,125 | ||||||||||||
Transfer agency fees payable | 6,660 | 2,602 | 573 | 2,879 | ||||||||||||
Fund accounting fees payable | 2,037 | 736 | 233 | 914 | ||||||||||||
Compliance services fees payable | 216 | 81 | 19 | 97 | ||||||||||||
Service fees payable | 234 | 84 | 26 | 105 | ||||||||||||
Other accrued expenses | 30,630 | 14,968 | 7,043 | 17,483 | ||||||||||||
TOTAL LIABILITIES | 700,962 | 1,890,285 | 388,125 | 1,087,819 | ||||||||||||
NET ASSETS | $ | 45,038,660 | $ | 14,266,824 | $ | 4,116,888 | $ | 19,735,962 | ||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||
Capital | $ | 29,536,320 | $ | 35,012,577 | $ | 3,604,053 | $ | 81,200,009 | ||||||||
Total distributable earnings (loss) | 15,502,340 | (20,745,753 | ) | 512,835 | (61,464,047 | ) | ||||||||||
NET ASSETS | $ | 45,038,660 | $ | 14,266,824 | $ | 4,116,888 | $ | 19,735,962 | ||||||||
NET ASSETS: | ||||||||||||||||
Investor Class | $ | 42,754,169 | $ | 13,019,860 | $ | 3,827,569 | $ | 18,455,497 | ||||||||
Service Class | 2,284,491 | 1,246,964 | 289,319 | 1,280,465 | ||||||||||||
SHARES OF BENEFICIAL INTEREST OUTSTANDING (unlimited number of shares authorized, no par value): | ||||||||||||||||
Investor Class | 1,117,378 | 168,463 | 132,640 | 457,243 | ||||||||||||
Service Class | 70,242 | 18,227 | 11,983 | 37,725 | ||||||||||||
NET ASSET VALUE (offering and redemption price per share): | ||||||||||||||||
Investor Class | $ | 38.26 | $ | 77.29 | $ | 28.86 | $ | 40.36 | ||||||||
Service Class | 32.52 | 68.41 | 24.14 | 33.94 | ||||||||||||
(a) Includes securities on loan valued at: | $ | — | $ | — | $ | 7,904 | $ | 534,676 |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
July 31, 2022 :: Statements of Assets and Liabilities :: 235
Real Estate UltraSector ProFund | Rising Rates Opportunity ProFund | Rising Rates Opportunity 10 ProFund | Rising U.S. Dollar ProFund | Semiconductor UltraSector ProFund | Short Nasdaq-100 ProFund | |||||||||||||||||
$ | 4,382,750 | $ | 41,181,000 | $ | 3,806,000 | $ | 47,846,000 | $ | 28,519,984 | $ | 79,333,000 | |||||||||||
5,360,268 | — | — | — | 51,718,402 | — | |||||||||||||||||
1,769,000 | 41,181,000 | 3,806,000 | 47,846,000 | 14,418,000 | 79,333,000 | |||||||||||||||||
7,129,268 | 41,181,000 | 3,806,000 | 47,846,000 | 66,136,402 | 79,333,000 | |||||||||||||||||
405 | 814 | 278 | 5,511 | 572 | 289 | |||||||||||||||||
— | — | — | — | — | 165,000 | |||||||||||||||||
— | 58 | 8 | — | 643 | — | |||||||||||||||||
— | — | — | 35,096 | — | — | |||||||||||||||||
10,649 | 7,477 | 691 | 8,688 | 29,464 | 14,405 | |||||||||||||||||
15,057 | 6,409,272 | — | 122,201 | 891,268 | 2,862,535 | |||||||||||||||||
— | — | — | 8,314 | — | — | |||||||||||||||||
— | — | — | 676,323 | — | — | |||||||||||||||||
— | — | — | — | — | — | |||||||||||||||||
254,501 | — | — | — | 2,268,833 | — | |||||||||||||||||
18,848 | 17,663 | 16,841 | 12,169 | 20,602 | 17,633 | |||||||||||||||||
7,428,728 | 47,616,284 | 3,823,818 | 48,714,302 | 69,347,784 | 82,392,862 | |||||||||||||||||
— | — | — | — | 65,233 | — | |||||||||||||||||
73,667 | 976,021 | — | 1,086,188 | 594,533 | 85,406 | |||||||||||||||||
— | 1,586 | 258 | — | — | — | |||||||||||||||||
— | — | — | 639,025 | — | — | |||||||||||||||||
— | 524,134 | 122,537 | — | — | 2,098,802 | |||||||||||||||||
— | — | — | — | — | 46,800 | |||||||||||||||||
4,413 | 27,778 | 1,007 | 49,748 | 37,717 | 57,843 | |||||||||||||||||
883 | 5,556 | 201 | 9,950 | 7,544 | 11,569 | |||||||||||||||||
615 | 3,515 | 423 | 3,552 | 5,277 | 4,543 | |||||||||||||||||
370 | 2,205 | 678 | 375 | 2,789 | 831 | |||||||||||||||||
989 | 4,704 | 792 | 3,224 | 6,747 | 6,070 | |||||||||||||||||
371 | 2,174 | 262 | 2,004 | 2,986 | 2,564 | |||||||||||||||||
36 | 136 | 18 | 70 | 277 | 148 | |||||||||||||||||
40 | 251 | 30 | 231 | 344 | 296 | |||||||||||||||||
20,183 | 21,240 | 3,018 | 43,059 | 57,940 | 40,480 | |||||||||||||||||
101,567 | 1,569,300 | 129,224 | 1,837,426 | 781,387 | 2,355,352 | |||||||||||||||||
$ | 7,327,161 | $ | 46,046,984 | $ | 3,694,594 | $ | 46,876,876 | $ | 68,566,397 | $ | 80,037,510 | |||||||||||
$ | 8,902,712 | $ | 93,757,453 | $ | 7,554,563 | $ | 45,995,276 | $ | 53,929,823 | $ | 94,731,973 | |||||||||||
(1,575,551 | ) | (47,710,469 | ) | (3,859,969 | ) | 881,600 | 14,636,574 | (14,694,463 | ) | |||||||||||||
$ | 7,327,161 | $ | 46,046,984 | $ | 3,694,594 | $ | 46,876,876 | $ | 68,566,397 | $ | 80,037,510 | |||||||||||
$ | 6,793,084 | $ | 44,873,983 | $ | 2,932,916 | $ | 46,694,516 | $ | 64,312,825 | $ | 79,796,047 | |||||||||||
534,077 | 1,173,001 | 761,678 | 182,360 | 4,253,572 | 241,463 | |||||||||||||||||
134,465 | 1,427,866 | 218,025 | 1,523,512 | 691,980 | 5,389,547 | |||||||||||||||||
11,313 | 42,878 | 62,148 | 6,867 | 62,237 | 18,613 | |||||||||||||||||
$ | 50.52 | $ | 31.43 | $ | 13.45 | $ | 30.65 | $ | 92.94 | $ | 14.81 | |||||||||||
47.21 | 27.36 | 12.26 | 26.56 | 68.34 | 12.97 | |||||||||||||||||
$ | — | $ | — | $ | — | $ | — | $ | 69,241 | $ | — |
See accompanying notes to the financial statements.
236 :: Statements of Assets and Liabilities :: July 31, 2022
Short Oil & Gas ProFund | Short Precious Metals ProFund | Short Real Estate ProFund | Short Small-Cap ProFund | |||||||||||||
ASSETS: | ||||||||||||||||
Total Investment Securities, at cost | $ | 3,015,000 | $ | 1,968,000 | $ | 2,088,000 | $ | 1,669,000 | ||||||||
Securities, at value(a) | — | — | — | — | ||||||||||||
Repurchase agreements, at value | 3,015,000 | 1,968,000 | 2,088,000 | 1,669,000 | ||||||||||||
Total Investment Securities, at value | 3,015,000 | 1,968,000 | 2,088,000 | 1,669,000 | ||||||||||||
Cash | 666 | 917 | 98 | 844 | ||||||||||||
Segregated cash balances for futures contracts with brokers | — | — | — | 18,150 | ||||||||||||
Segregated cash balances for swap agreements with custodian | — | — | — | 961 | ||||||||||||
Dividends and interest receivable | 547 | 358 | 379 | 303 | ||||||||||||
Receivable for capital shares issued | 294,286 | 981,112 | 46,100 | 32,620 | ||||||||||||
Due from Advisor under an expense limitation agreement | — | — | — | — | ||||||||||||
Unrealized appreciation on swap agreements | — | — | — | — | ||||||||||||
Prepaid expenses | 19,860 | 16,143 | 19,703 | 16,171 | ||||||||||||
TOTAL ASSETS | 3,330,359 | 2,966,530 | 2,154,280 | 1,738,049 | ||||||||||||
LIABILITIES: | ||||||||||||||||
Cash overdraft | — | — | — | — | ||||||||||||
Payable for investments purchased | — | — | — | — | ||||||||||||
Payable for collateral for securities loaned | — | — | — | — | ||||||||||||
Payable for capital shares redeemed | 976,754 | 602,372 | 161,434 | 114,633 | ||||||||||||
Unrealized depreciation on swap agreements | 199,884 | 260,173 | 101,850 | 27,636 | ||||||||||||
Variation margin on futures contracts | — | — | — | 1,875 | ||||||||||||
Advisory fees payable | 2,705 | 9,262 | 277 | 12,576 | ||||||||||||
Management services fees payable | 541 | 1,853 | 56 | 2,515 | ||||||||||||
Administration fees payable | 289 | 330 | 121 | 415 | ||||||||||||
Distribution and services fees payable—Service Class | 22 | 32 | 13 | 147 | ||||||||||||
Transfer agency fees payable | 233 | 419 | 163 | 310 | ||||||||||||
Fund accounting fees payable | 177 | 204 | 75 | 234 | ||||||||||||
Compliance services fees payable | 6 | 10 | 3 | 5 | ||||||||||||
Service fees payable | 21 | 24 | 9 | 27 | ||||||||||||
Other accrued expenses | 2,580 | 2,925 | 1,098 | 3,791 | ||||||||||||
TOTAL LIABILITIES | 1,183,212 | 877,604 | 265,099 | 164,164 | ||||||||||||
NET ASSETS | $ | 2,147,147 | $ | 2,088,926 | $ | 1,889,181 | $ | 1,573,885 | ||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||
Capital | $ | 4,289,890 | $ | 11,553,406 | $ | 6,779,495 | $ | 17,189,400 | ||||||||
Total distributable earnings (loss) | (2,142,743 | ) | (9,464,480 | ) | (4,890,314 | ) | (15,615,515 | ) | ||||||||
NET ASSETS | $ | 2,147,147 | $ | 2,088,926 | $ | 1,889,181 | $ | 1,573,885 | ||||||||
NET ASSETS: | ||||||||||||||||
Investor Class | $ | 2,134,709 | $ | 2,072,160 | $ | 1,875,149 | $ | 1,412,160 | ||||||||
Service Class | 12,438 | 16,766 | 14,032 | 161,725 | ||||||||||||
SHARES OF BENEFICIAL INTEREST OUTSTANDING (unlimited number of shares authorized, no par value): | ||||||||||||||||
Investor Class | 121,493 | 118,731 | 231,556 | 190,559 | ||||||||||||
Service Class | 768 | 998 | 1,995 | 23,261 | ||||||||||||
NET ASSET VALUE (offering and redemption price per share): | ||||||||||||||||
Investor Class | $ | 17.57 | $ | 17.45 | $ | 8.10 | $ | 7.41 | ||||||||
Service Class | 16.20 | 16.80 | 7.03 | 6.95 | ||||||||||||
(a) Includes securities on loan valued at: | $ | — | $ | — | $ | — | $ | — |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
July 31, 2022 :: Statements of Assets and Liabilities :: 237
Small-Cap Growth ProFund | Small-Cap ProFund | Small-Cap Value ProFund | Technology UltraSector ProFund | Telecommunications UltraSector ProFund | UltraBear ProFund | |||||||||||||||||
$ | 8,721,857 | $ | 2,220,249 | $ | 6,873,647 | $ | 17,220,566 | $ | 624,051 | $ | 10,736,000 | |||||||||||
10,790,093 | 1,923,583 | 9,250,321 | 36,810,452 | 598,073 | — | |||||||||||||||||
31,000 | 1,053,000 | — | 9,164,000 | 184,000 | 10,736,000 | |||||||||||||||||
10,821,093 | 2,976,583 | 9,250,321 | 45,974,452 | 782,073 | 10,736,000 | |||||||||||||||||
18,450 | 254 | — | 559 | 833 | 30 | |||||||||||||||||
— | — | — | — | — | 34,650 | |||||||||||||||||
— | 159 | — | 729 | 95 | — | |||||||||||||||||
1,846 | 657 | 5,124 | 5,504 | 1,746 | 1,950 | |||||||||||||||||
2,299,829 | 10,851 | 112,461 | 92,431 | — | 1,297,456 | |||||||||||||||||
— | 567 | — | — | 2,194 | — | |||||||||||||||||
— | 20,498 | — | 2,028,757 | 20,933 | — | |||||||||||||||||
19,435 | 19,895 | 22,070 | 17,692 | 13,973 | 18,530 | |||||||||||||||||
13,160,653 | 3,029,464 | 9,389,976 | 48,120,124 | 821,847 | 12,088,616 | |||||||||||||||||
— | — | 14,141 | — | — | — | |||||||||||||||||
2,283,617 | — | — | — | — | — | |||||||||||||||||
— | 14,361 | 58,515 | 43,770 | — | — | |||||||||||||||||
43,414 | 62,610 | 61,860 | 404,852 | 248 | 299,303 | |||||||||||||||||
— | — | — | — | — | 559,465 | |||||||||||||||||
— | — | — | — | — | 9,000 | |||||||||||||||||
3,496 | — | 6,477 | 27,651 | — | 6,263 | |||||||||||||||||
699 | — | 1,295 | 5,530 | — | 1,252 | |||||||||||||||||
549 | 272 | 901 | 3,862 | 68 | 1,086 | |||||||||||||||||
367 | 257 | 612 | 2,758 | 24 | 48 | |||||||||||||||||
954 | 643 | 1,212 | 5,165 | 120 | 1,701 | |||||||||||||||||
404 | 712 | 638 | 2,228 | 50 | 613 | |||||||||||||||||
18 | 14 | 71 | 196 | 3 | 50 | |||||||||||||||||
36 | 18 | 59 | 252 | 4 | 71 | |||||||||||||||||
5,598 | 3,729 | 12,575 | 43,394 | 630 | 9,497 | |||||||||||||||||
2,339,152 | 82,616 | 158,356 | 539,658 | 1,147 | 888,349 | |||||||||||||||||
$ | 10,821,501 | $ | 2,946,848 | $ | 9,231,620 | $ | 47,580,466 | $ | 820,700 | $ | 11,200,267 | |||||||||||
$ | 8,992,701 | $ | 1,926,821 | $ | 7,521,661 | $ | 26,802,478 | $ | 6,457,963 | $ | 109,710,702 | |||||||||||
1,828,800 | 1,020,027 | 1,709,959 | 20,777,988 | (5,637,263 | ) | (98,510,435 | ) | |||||||||||||||
$ | 10,821,501 | $ | 2,946,848 | $ | 9,231,620 | $ | 47,580,466 | $ | 820,700 | $ | 11,200,267 | |||||||||||
$ | 9,586,955 | $ | 2,627,224 | $ | 8,441,144 | $ | 44,187,111 | $ | 799,680 | $ | 11,190,606 | |||||||||||
1,234,546 | 319,624 | 790,476 | 3,393,355 | 21,020 | 9,661 | |||||||||||||||||
93,594 | 26,803 | 83,875 | 488,554 | 38,650 | 540,607 | |||||||||||||||||
15,571 | 4,020 | 9,818 | 47,166 | 1,064 | 527 | |||||||||||||||||
$ | 102.43 | $ | 98.02 | $ | 100.64 | $ | 90.44 | $ | 20.69 | $ | 20.70 | |||||||||||
79.28 | 79.51 | 80.51 | 71.94 | 19.76 | 18.33 | |||||||||||||||||
$ | — | $ | 13,987 | $ | 57,448 | $ | 42,782 | $ | — | $ | — |
See accompanying notes to the financial statements.
238 :: Statements of Assets and Liabilities :: July 31, 2022
UltraBull ProFund | UltraChina ProFund | UltraDow 30 ProFund | UltraEmerging Markets ProFund | |||||||||||||
ASSETS: | ||||||||||||||||
Total Investment Securities, at cost | $ | 54,116,423 | $ | 13,907,284 | $ | 19,552,383 | $ | 3,820,889 | ||||||||
Securities, at value(a) | 69,185,916 | 14,704,267 | 23,318,708 | 5,088,236 | ||||||||||||
Repurchase agreements, at value | 30,478,000 | 2,277,000 | 8,574,000 | 904,000 | ||||||||||||
Total Investment Securities, at value | 99,663,916 | 16,981,267 | 31,892,708 | 5,992,236 | ||||||||||||
Cash | 3,587 | 47 | 695 | 954 | ||||||||||||
Segregated cash balances for futures contracts with brokers | 46,200 | — | 211,200 | — | ||||||||||||
Segregated cash balances for swap agreements with custodian | — | — | 240 | — | ||||||||||||
Dividends and interest receivable | 65,986 | 57,744 | 21,559 | 11,490 | ||||||||||||
Receivable for investments sold | — | 997,567 | — | — | ||||||||||||
Receivable for capital shares issued | 740,620 | 212,952 | 229,532 | 35,000 | ||||||||||||
Receivable from counterparties to swap agreements | — | — | — | — | ||||||||||||
Due from Advisor under an expense limitation agreement | — | — | — | — | ||||||||||||
Unrealized appreciation on swap agreements | 3,465,960 | — | 735,900 | — | ||||||||||||
Variation margin on futures contracts | 12,000 | — | 40,200 | — | ||||||||||||
Prepaid expenses | 24,664 | 15,556 | 18,851 | 14,463 | ||||||||||||
TOTAL ASSETS | 104,022,933 | 18,265,133 | 33,150,885 | 6,054,143 | ||||||||||||
LIABILITIES: | ||||||||||||||||
Payable for investments purchased | 3,511 | — | — | — | ||||||||||||
Payable for collateral for securities loaned | — | 306,377 | — | 215,229 | ||||||||||||
Payable for capital shares redeemed | 102,881 | 559,904 | 282,027 | 32,766 | ||||||||||||
Unrealized depreciation on swap agreements | — | 1,222,585 | — | 33,148 | ||||||||||||
Advisory fees payable | 57,457 | 12,836 | 18,538 | 3,665 | ||||||||||||
Management services fees payable | 11,491 | 2,567 | 3,708 | 733 | ||||||||||||
Administration fees payable | 8,025 | 1,771 | 2,585 | 617 | ||||||||||||
Distribution and services fees payable—Service Class | 2,168 | 721 | 554 | 80 | ||||||||||||
Transfer agency fees payable | 10,979 | 2,565 | 3,826 | 814 | ||||||||||||
Fund accounting fees payable | 4,670 | 1,011 | 1,468 | 362 | ||||||||||||
Compliance services fees payable | 368 | 65 | 114 | 24 | ||||||||||||
Service fees payable | 523 | 115 | 168 | 40 | ||||||||||||
Other accrued expenses | 71,121 | 15,103 | 24,443 | 6,304 | ||||||||||||
TOTAL LIABILITIES | 273,194 | 2,125,620 | 337,431 | 293,782 | ||||||||||||
NET ASSETS | $ | 103,749,739 | $ | 16,139,513 | $ | 32,813,454 | $ | 5,760,361 | ||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||
Capital | $ | 80,033,934 | $ | 54,918,692 | $ | 25,744,910 | $ | 12,292,770 | ||||||||
Total distributable earnings (loss) | 23,715,805 | (38,779,179 | ) | 7,068,544 | (6,532,409 | ) | ||||||||||
NET ASSETS | $ | 103,749,739 | $ | 16,139,513 | $ | 32,813,454 | $ | 5,760,361 | ||||||||
NET ASSETS: | ||||||||||||||||
Investor Class | $ | 101,713,781 | $ | 15,351,552 | $ | 32,075,008 | $ | 5,665,761 | ||||||||
Service Class | 2,035,958 | 787,961 | 738,446 | 94,600 | ||||||||||||
SHARES OF BENEFICIAL INTEREST OUTSTANDING (unlimited number of shares authorized, no par value): | ||||||||||||||||
Investor Class | 1,129,756 | 4,471,393 | 586,976 | 135,598 | ||||||||||||
Service Class | 29,119 | 263,822 | 16,077 | 2,524 | ||||||||||||
NET ASSET VALUE (offering and redemption price per share): | ||||||||||||||||
Investor Class | $ | 90.03 | $ | 3.43 | $ | 54.64 | $ | 41.78 | ||||||||
Service Class | 69.92 | 2.99 | 45.93 | 37.48 | ||||||||||||
(a) Includes securities on loan valued at: | $ | — | $ | 266,800 | $ | — | $ | 209,532 |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
July 31, 2022 :: Statements of Assets and Liabilities :: 239
UltraInternational ProFund | UltraJapan ProFund | UltraLatin America ProFund | UltraMid-Cap ProFund | UltraNasdaq-100 ProFund | UltraShort China ProFund | |||||||||||||||||
$ | 2,285,000 | $ | 11,411,000 | $ | 6,893,695 | $ | 32,664,818 | $ | 258,696,645 | $ | 1,112,000 | |||||||||||
— | — | 8,638,193 | 31,115,188 | 413,759,460 | — | |||||||||||||||||
2,285,000 | 11,411,000 | 1,768,000 | 11,952,000 | 153,077,000 | 1,112,000 | |||||||||||||||||
2,285,000 | 11,411,000 | 10,406,193 | 43,067,188 | 566,836,460 | 1,112,000 | |||||||||||||||||
942 | 890 | 870 | 25,187 | 435 | 787 | |||||||||||||||||
— | 1,409,100 | — | — | 957,000 | — | |||||||||||||||||
— | — | — | 91 | 320 | — | |||||||||||||||||
415 | 2,072 | 30,543 | 40,396 | 84,187 | 202 | |||||||||||||||||
— | — | — | — | — | — | |||||||||||||||||
31,464 | 65,006 | 63,884 | 164,713 | 2,332,453 | 234,003 | |||||||||||||||||
— | — | — | 214,544 | — | — | |||||||||||||||||
1,242 | — | — | — | — | 983 | |||||||||||||||||
92,159 | — | 265,977 | 1,584,479 | 19,378,335 | 130,530 | |||||||||||||||||
— | 114,375 | — | — | 271,440 | — | |||||||||||||||||
13,556 | 12,287 | 24,225 | 16,883 | 38,097 | 11,244 | |||||||||||||||||
2,424,778 | 13,014,730 | 10,791,692 | 45,113,481 | 589,898,727 | 1,489,749 | |||||||||||||||||
— | — | — | 24,852 | — | — | |||||||||||||||||
— | — | 907,960 | 285,818 | 2,946,499 | — | |||||||||||||||||
76,136 | 128,306 | 175,449 | 111,846 | 2,152,353 | 8,188 | |||||||||||||||||
— | 494 | — | — | — | — | |||||||||||||||||
— | 7,967 | 5,437 | 23,888 | 337,993 | — | |||||||||||||||||
— | 1,328 | 1,087 | 4,778 | 67,599 | — | |||||||||||||||||
169 | 1,056 | 756 | 3,340 | 47,296 | 150 | |||||||||||||||||
19 | 137 | 63 | 639 | 10,557 | 7 | |||||||||||||||||
225 | 2,218 | 2,263 | 4,005 | 67,599 | 271 | |||||||||||||||||
104 | 597 | 436 | 1,997 | 26,715 | 93 | |||||||||||||||||
6 | 44 | 48 | 148 | 2,332 | 11 | |||||||||||||||||
12 | 69 | 49 | 218 | 3,082 | 11 | |||||||||||||||||
1,719 | 8,180 | 7,368 | 32,595 | 571,609 | 1,627 | |||||||||||||||||
78,390 | 150,396 | 1,100,916 | 494,124 | 6,233,634 | 10,358 | |||||||||||||||||
$ | 2,346,388 | $ | 12,864,334 | $ | 9,690,776 | $ | 44,619,357 | $ | 583,665,093 | $ | 1,479,391 | |||||||||||
$ | 3,109,708 | $ | 14,118,855 | $ | 40,044,148 | $ | 41,916,864 | $ | 589,754,875 | $ | 10,406,992 | |||||||||||
(763,320 | ) | (1,254,521 | ) | (30,353,372 | ) | 2,702,493 | (6,089,782 | ) | (8,927,601 | ) | ||||||||||||
$ | 2,346,388 | $ | 12,864,334 | $ | 9,690,776 | $ | 44,619,357 | $ | 583,665,093 | $ | 1,479,391 | |||||||||||
$ | 2,321,819 | $ | 12,749,505 | $ | 9,582,517 | $ | 43,760,613 | $ | 569,544,887 | $ | 1,469,856 | |||||||||||
24,569 | 114,829 | 108,259 | 858,744 | 14,120,206 | 9,535 | |||||||||||||||||
157,886 | 454,549 | 652,623 | 833,965 | 9,705,142 | 116,271 | |||||||||||||||||
1,925 | 5,080 | 7,623 | 20,859 | 335,263 | 865 | |||||||||||||||||
$ | 14.71 | $ | 28.05 | $ | 14.68 | $ | 52.47 | $ | 58.68 | $ | 12.64 | |||||||||||
12.76 | 22.60 | 14.20 | 41.17 | 42.12 | 11.02 | |||||||||||||||||
$ | — | $ | — | $ | 878,325 | $ | 288,510 | $ | 2,904,241 | $ | — |
See accompanying notes to the financial statements.
240 :: Statements of Assets and Liabilities :: July 31, 2022
UltraShort Dow 30 ProFund | UltraShort Emerging Markets ProFund | UltraShort International ProFund | UltraShort Japan ProFund | |||||||||||||||||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||||||||||||||
Total Investment Securities, at cost | $ | 2,789,000 | $ | 1,184,000 | $ | 2,684,000 | $ | 175,000 | ||||||||||||||||||||||||||||||||
Securities, at value(a) | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Repurchase agreements, at value | 2,789,000 | 1,184,000 | 2,684,000 | 175,000 | ||||||||||||||||||||||||||||||||||||
Total Investment Securities, at value | 2,789,000 | 1,184,000 | 2,684,000 | 175,000 | ||||||||||||||||||||||||||||||||||||
Cash | 754 | 465 | 779 | 611 | ||||||||||||||||||||||||||||||||||||
Segregated cash balances for futures contracts with brokers | — | — | — | 7,700 | ||||||||||||||||||||||||||||||||||||
Segregated cash balances for swap agreements with custodian | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Dividends and interest receivable | 506 | 215 | 488 | 32 | ||||||||||||||||||||||||||||||||||||
Receivable for capital shares issued | 5,036 | 79,739 | 102,452 | 6,286 | ||||||||||||||||||||||||||||||||||||
Receivable from counterparties to swap agreements | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Due from Advisor under an expense limitation agreement | — | — | — | 392 | ||||||||||||||||||||||||||||||||||||
Unrealized appreciation on swap agreements | — | 9,673 | — | 420 | ||||||||||||||||||||||||||||||||||||
Variation margin on futures contracts | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Prepaid expenses | 17,257 | 7,490 | 6,909 | 11,515 | ||||||||||||||||||||||||||||||||||||
TOTAL ASSETS | 2,812,553 | 1,281,582 | 2,794,628 | 201,956 | ||||||||||||||||||||||||||||||||||||
LIABILITIES: | ||||||||||||||||||||||||||||||||||||||||
Payable for capital shares redeemed | 51,858 | 1,300 | 35,839 | 659 | ||||||||||||||||||||||||||||||||||||
Unrealized depreciation on swap agreements | 110,685 | — | 107,253 | — | ||||||||||||||||||||||||||||||||||||
Variation margin on futures contracts | — | — | — | 625 | ||||||||||||||||||||||||||||||||||||
Advisory fees payable | 37 | 844 | 1,841 | — | ||||||||||||||||||||||||||||||||||||
Management services fees payable | 8 | 169 | 368 | — | ||||||||||||||||||||||||||||||||||||
Administration fees payable | 249 | 107 | 232 | 24 | ||||||||||||||||||||||||||||||||||||
Distribution and services fees payable—Service Class | 141 | 41 | 6 | 1 | ||||||||||||||||||||||||||||||||||||
Transfer agency fees payable | 342 | 134 | 253 | 28 | ||||||||||||||||||||||||||||||||||||
Fund accounting fees payable | 141 | 66 | 144 | 14 | ||||||||||||||||||||||||||||||||||||
Compliance services fees payable | 10 | 4 | 10 | 1 | ||||||||||||||||||||||||||||||||||||
Service fees payable | 16 | 8 | 17 | 2 | ||||||||||||||||||||||||||||||||||||
Other accrued expenses | 2,228 | 1,000 | 2,301 | 188 | ||||||||||||||||||||||||||||||||||||
TOTAL LIABILITIES | 165,715 | 3,673 | 148,264 | 1,542 | ||||||||||||||||||||||||||||||||||||
NET ASSETS | $ | 2,646,838 | $ | 1,277,909 | $ | 2,646,364 | $ | 200,414 | ||||||||||||||||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||||||
Capital | $ | 26,618,895 | $ | 13,820,664 | $ | 19,832,306 | $ | 10,831,306 | ||||||||||||||||||||||||||||||||
Total distributable earnings (loss) | (23,972,057 | ) | (12,542,755 | ) | (17,185,942 | ) | (10,630,892 | ) | ||||||||||||||||||||||||||||||||
NET ASSETS | $ | 2,646,838 | $ | 1,277,909 | $ | 2,646,364 | $ | 200,414 | ||||||||||||||||||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||||||||||||||
Investor Class | $ | 2,490,735 | $ | 1,246,606 | $ | 2,640,323 | $ | 199,402 | ||||||||||||||||||||||||||||||||
Service Class | 156,103 | 31,303 | 6,041 | 1,012 | ||||||||||||||||||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST OUTSTANDING (unlimited number of shares authorized, no par value): | ||||||||||||||||||||||||||||||||||||||||
Investor Class | 122,308 | 43,089 | 99,566 | 19,588 | ||||||||||||||||||||||||||||||||||||
Service Class | 8,858 | 1,212 | 257 | 113 | ||||||||||||||||||||||||||||||||||||
NET ASSET VALUE (offering and redemption price per share): | ||||||||||||||||||||||||||||||||||||||||
Investor Class | $ | 20.36 | $ | 28.93 | $ | 26.52 | $ | 10.18 | ||||||||||||||||||||||||||||||||
Service Class | 17.62 | 25.83 | 23.51 | 8.96 |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
July 31, 2022 :: Statements of Assets and Liabilities :: 241
UltraShort Latin America ProFund | UltraShort Mid-Cap ProFund | UltraShort Nasdaq-100 ProFund | UltraShort Small-Cap ProFund | UltraSmall-Cap ProFund | U.S. Government Plus ProFund | |||||||||||||||||
$ | 1,827,000 | $ | 1,564,000 | $ | 107,449,000 | $ | 4,832,000 | $ | 43,004,309 | $ | 14,928,000 | |||||||||||
— | — | — | — | 35,316,315 | — | |||||||||||||||||
1,827,000 | 1,564,000 | 107,449,000 | 4,832,000 | 15,970,000 | 14,928,000 | |||||||||||||||||
1,827,000 | 1,564,000 | 107,449,000 | 4,832,000 | 51,286,315 | 14,928,000 | |||||||||||||||||
583 | 595 | 221 | 114 | 734 | 146 | |||||||||||||||||
— | 14,850 | 181,500 | — | 605,000 | — | |||||||||||||||||
— | — | 283 | 323 | 909 | 8 | |||||||||||||||||
332 | 284 | 19,510 | 877 | 11,431 | 2,711 | |||||||||||||||||
68,206 | 786 | 1,021,080 | 157,486 | 104,291 | 307,658 | |||||||||||||||||
— | — | — | — | — | 1,655 | |||||||||||||||||
514 | 1,570 | — | — | — | — | |||||||||||||||||
— | — | — | — | 1,188,044 | 163,629 | |||||||||||||||||
— | — | — | — | 62,500 | — | |||||||||||||||||
22,677 | 10,185 | 17,607 | 11,225 | 14,756 | 18,947 | |||||||||||||||||
1,919,312 | 1,592,270 | 108,689,201 | 5,002,025 | 53,273,980 | 15,422,754 | |||||||||||||||||
19,539 | 33,649 | 1,633,445 | 461,476 | 324,317 | 6,555,000 | |||||||||||||||||
94,206 | 76,700 | 5,891,326 | 180,196 | — | — | |||||||||||||||||
— | 3,320 | 51,480 | — | — | — | |||||||||||||||||
— | — | 42,850 | 1,019 | 32,512 | 4,142 | |||||||||||||||||
— | — | 8,570 | 204 | 6,503 | 1,242 | |||||||||||||||||
115 | 124 | 5,905 | 420 | 4,544 | 864 | |||||||||||||||||
21 | 51 | 146 | 166 | 211 | 291 | |||||||||||||||||
155 | 148 | 8,219 | 730 | 5,053 | 1,251 | |||||||||||||||||
71 | 71 | 3,332 | 237 | 3,123 | 487 | |||||||||||||||||
4 | 5 | 157 | 17 | 228 | 44 | |||||||||||||||||
8 | 8 | 385 | 27 | 296 | 56 | |||||||||||||||||
1,245 | 930 | 50,468 | 4,584 | 84,430 | 8,306 | |||||||||||||||||
115,364 | 115,006 | 7,696,283 | 649,076 | 461,217 | 6,571,683 | |||||||||||||||||
$ | 1,803,948 | $ | 1,477,264 | $ | 100,992,918 | $ | 4,352,949 | $ | 52,812,763 | $ | 8,851,071 | |||||||||||
$ | 18,389,588 | $ | 12,495,473 | $ | 165,670,365 | $ | 58,815,167 | $ | 75,942,632 | $ | 14,082,937 | |||||||||||
(16,585,640 | ) | (11,018,209 | ) | (64,677,447 | ) | (54,462,218 | ) | (23,129,869 | ) | (5,231,866 | ) | |||||||||||
$ | 1,803,948 | $ | 1,477,264 | $ | 100,992,918 | $ | 4,352,949 | $ | 52,812,763 | $ | 8,851,071 | |||||||||||
$ | 1,796,368 | $ | 1,424,306 | $ | 100,824,432 | $ | 4,194,274 | $ | 52,577,438 | $ | 8,263,708 | |||||||||||
7,580 | 52,958 | 168,486 | 158,675 | 235,325 | 587,363 | |||||||||||||||||
195,773 | 277,967 | 6,382,892 | 520,275 | 875,078 | 162,939 | |||||||||||||||||
951 | 11,828 | 11,393 | 21,557 | 4,884 | 12,916 | |||||||||||||||||
$ | 9.18 | $ | 5.12 | $ | 15.80 | $ | 8.06 | $ | 60.08 | $ | 50.72 | |||||||||||
7.97 | 4.48 | 14.79 | 7.36 | 48.18 | 45.48 |
See accompanying notes to the financial statements.
242 :: Statements of Assets and Liabilities :: July 31, 2022
Utilities UltraSector ProFund | ||||
ASSETS: | ||||
Total Investment Securities, at cost | $ | 7,931,768 | ||
Securities, at value | 9,583,657 | |||
Repurchase agreements, at value | 2,944,000 | |||
Total Investment Securities, at value | 12,527,657 | |||
Cash | 929 | |||
Segregated cash balances for swap agreements with custodian | 110 | |||
Dividends and interest receivable | 6,771 | |||
Receivable for capital shares issued | 600,589 | |||
Unrealized appreciation on swap agreements | 462,067 | |||
Prepaid expenses | 16,592 | |||
TOTAL ASSETS | 13,614,715 | |||
LIABILITIES: | ||||
Payable for capital shares redeemed | 6,001 | |||
Advisory fees payable | 7,605 | |||
Management services fees payable | 1,521 | |||
Administration fees payable | 1,059 | |||
Distribution and services fees payable—Service Class | 414 | |||
Transfer agency fees payable | 1,679 | |||
Fund accounting fees payable | 611 | |||
Compliance services fees payable | 44 | |||
Service fees payable | 69 | |||
Other accrued expenses | 8,528 | |||
TOTAL LIABILITIES | 27,531 | |||
NET ASSETS | $ | 13,587,184 | ||
NET ASSETS CONSIST OF: | ||||
Capital | $ | 16,235,494 | ||
Total distributable earnings (loss) | (2,648,310 | ) | ||
NET ASSETS | $ | 13,587,184 | ||
NET ASSETS: | ||||
Investor Class | $ | 12,518,142 | ||
Service Class | 1,069,042 | |||
SHARES OF BENEFICIAL INTEREST OUTSTANDING (unlimited number of shares authorized, no par value): | ||||
Investor Class | 178,391 | |||
Service Class | 16,539 | |||
NET ASSET VALUE (offering and redemption price per share): | ||||
Investor Class | $ | 70.17 | ||
Service Class | 64.64 |
See accompanying notes to the financial statements.
Consolidated Statements of Assets and Liabilities
244 :: Consolidated Statements of Assets and Liabilities :: July 31, 2022
Bitcoin Strategy ProFund | Short Bitcoin Strategy ProFund | |||||||
ASSETS: | ||||||||
Total Investment Securities, at cost | $ | 15,987,334 | $ | 399,688 | ||||
Securities, at value | 15,984,208 | 399,605 | ||||||
Total Investment Securities, at value | 15,984,208 | 399,605 | ||||||
Cash | 16,695,978 | 306,296 | ||||||
Segregated cash balances for futures contracts with brokers | 6,647,712 | 133,354 | ||||||
Receivable for capital shares issued | 309,015 | 1,052 | ||||||
Due from Advisor under an expense limitation agreement | 1,582 | 20,679 | ||||||
Variation margin on futures contracts | 49,738 | — | ||||||
Prepaid expenses | 16,945 | 24,941 | ||||||
TOTAL ASSETS | 39,705,178 | 885,927 | ||||||
LIABILITIES: | ||||||||
Reverse repurchase agreements, including accrued interest | 15,988,064 | 399,702 | ||||||
Futures commission merchant (FCM) fees payable | 3,510 | 81 | ||||||
Payable for capital shares redeemed | 132,851 | 62,712 | ||||||
Variation margin on futures contracts | — | 1,440 | ||||||
Administration fees payable | 1,820 | 41 | ||||||
Transfer agency fees payable | 1,786 | 91 | ||||||
Fund accounting fees payable | 2,277 | 1,273 | ||||||
Compliance services fees payable | 79 | — | ||||||
Service fees payable | 118 | 3 | ||||||
Other accrued expenses | 26,968 | 15,175 | ||||||
TOTAL LIABILITIES | 16,157,473 | 480,518 | ||||||
NET ASSETS | $ | 23,547,705 | $ | 405,409 | ||||
NET ASSETS CONSIST OF: | ||||||||
Capital | $ | 48,416,391 | $ | 507,642 | ||||
Total distributable earnings (loss) | (24,868,686 | ) | (102,233 | ) | ||||
NET ASSETS | $ | 23,547,705 | $ | 405,409 | ||||
NET ASSETS: | ||||||||
Investor Class | $ | 23,547,705 | $ | 405,409 | ||||
SHARES OF BENEFICIAL INTEREST OUTSTANDING (unlimited number of shares authorized, no par value): | ||||||||
Investor Class | 1,683,556 | 19,629 | ||||||
NET ASSET VALUE (offering and redemption price per share): | ||||||||
Investor Class | $ | 13.99 | $ | 20.65 |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
Statements of Operations
This Page Intentionally Left Blank
For the Periods Indicated :: Statements of Operations :: 247
Access Flex Bear High Yield ProFund | Access Flex High Yield ProFund | |||||||
Year Ended July 31, 2022 | Year Ended July 31, 2022 | |||||||
INVESTMENT INCOME: | ||||||||
Interest | $ | 4,042 | $ | 111,409 | ||||
EXPENSES: | ||||||||
Advisory fees | 7,283 | 85,746 | ||||||
Management services fees | 1,457 | 17,149 | ||||||
Administration fees | 709 | 9,231 | ||||||
Distribution and services fees—Service Class | 95 | 30,621 | ||||||
Transfer agency fees | 542 | 8,884 | ||||||
Administrative services fees | 1,907 | 20,575 | ||||||
Registration and filing fees | 15,721 | 44,111 | ||||||
Custody fees | 132 | 1,806 | ||||||
Fund accounting fees | 430 | 4,991 | ||||||
Trustee fees | 10 | 173 | ||||||
Compliance services fees | 4 | 33 | ||||||
Service fees | 49 | 554 | ||||||
Other fees | 2,308 | 7,151 | ||||||
Recoupment of prior expenses reduced by the Advisor | — | 3,100 | ||||||
Total Gross Expenses before reductions | 30,647 | 234,125 | ||||||
Expenses reduced and reimbursed by the Advisor | (13,266 | ) | — | |||||
TOTAL NET EXPENSES | 17,381 | 234,125 | ||||||
NET INVESTMENT INCOME (LOSS) | (13,339 | ) | (122,716 | ) | ||||
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: | ||||||||
Net realized gains (losses) on investment securities | — | (848,735 | ) | |||||
Net realized gains (losses) on futures contracts | 37,663 | (54,072 | ) | |||||
Net realized gains (losses) on swap agreements | (23,604 | ) | (179,486 | ) | ||||
Change in net unrealized appreciation/depreciation on investment securities | — | 98,428 | ||||||
Change in net unrealized appreciation/depreciation on futures contracts | (12,516 | ) | 7,164 | |||||
Change in net unrealized appreciation/depreciation on swap agreements | 3,231 | (194,474 | ) | |||||
NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS | 4,774 | (1,171,175 | ) | |||||
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | $ | (8,565 | ) | $ | (1,293,891 | ) |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
248 :: Statements of Operations :: For the Periods Indicated
Banks UltraSector ProFund | Basic Materials UltraSector ProFund | Bear ProFund | Biotechnology UltraSector ProFund | |||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | |||||||||||||
INVESTMENT INCOME: | ||||||||||||||||
Dividends | $ | 412,185 | $ | 119,863 | $ | — | $ | 1,531,315 | ||||||||
Interest | 5,656 | 5,052 | 105,127 | 75,213 | ||||||||||||
Foreign tax withholding | — | — | — | — | ||||||||||||
Net income from securities lending | — | — | — | — | ||||||||||||
TOTAL INVESTMENT INCOME | 417,841 | 124,915 | 105,127 | 1,606,528 | ||||||||||||
EXPENSES: | ||||||||||||||||
Advisory fees | 170,243 | 58,343 | 153,499 | 1,077,796 | ||||||||||||
Management services fees | 34,049 | 11,669 | 30,700 | 215,560 | ||||||||||||
Administration fees | 17,474 | 6,374 | 16,460 | 115,257 | ||||||||||||
Distribution and services fees—Service Class | 13,483 | 6,658 | 6,434 | 42,620 | ||||||||||||
Transfer agency fees | 9,853 | 5,100 | 10,587 | 63,811 | ||||||||||||
Administrative services fees | 56,854 | 17,871 | 47,740 | 383,165 | ||||||||||||
Registration and filing fees | 59,902 | 30,729 | 45,672 | 42,437 | ||||||||||||
Custody fees | 4,324 | 1,592 | 3,236 | 24,285 | ||||||||||||
Fund accounting fees | 7,805 | 3,641 | 9,981 | 64,111 | ||||||||||||
Trustee fees | 344 | 141 | 250 | 2,299 | ||||||||||||
Compliance services fees | 10 | 21 | 105 | 118 | ||||||||||||
Service fees | 853 | 394 | 1,137 | 7,169 | ||||||||||||
Other fees | 26,118 | 8,291 | 16,781 | 138,698 | ||||||||||||
Recoupment of prior expenses reduced by the Advisor | — | 5,500 | — | — | ||||||||||||
Total Gross Expenses before reductions | 401,312 | 156,324 | 342,582 | 2,177,326 | ||||||||||||
Expenses reduced and reimbursed by the Advisor | — | (2,685 | ) | — | — | |||||||||||
TOTAL NET EXPENSES | 401,312 | 153,639 | 342,582 | 2,177,326 | ||||||||||||
NET INVESTMENT INCOME (LOSS) | 16,529 | (28,724 | ) | (237,455 | ) | (570,798 | ) | |||||||||
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: | ||||||||||||||||
Net realized gains (losses) on investment securities | (2,158,311 | ) | (444,649 | ) | — | 19,298,594 | ||||||||||
Net realized gains (losses) on futures contracts | — | — | (82,166 | ) | — | |||||||||||
Net realized gains (losses) on swap agreements | (530,492 | ) | (1,120,529 | ) | 1,735,387 | (19,625,749 | ) | |||||||||
Net realized gains (losses) on forward currency contracts | — | — | — | — | ||||||||||||
Change in net unrealized appreciation/depreciation on investment securities | 30,321 | (589,209 | ) | — | (37,631,869 | ) | ||||||||||
Change in net unrealized appreciation/depreciation on futures contracts | — | — | (51,848 | ) | — | |||||||||||
Change in net unrealized appreciation/depreciation on swap agreements | (980,831 | ) | (80,115 | ) | (305,034 | ) | 1,863,339 | |||||||||
Change in net unrealized appreciation/depreciation on forward currency contracts | — | — | — | — | ||||||||||||
NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS | (3,639,313 | ) | (2,234,502 | ) | 1,296,339 | (36,095,685 | ) | |||||||||
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | $ | (3,622,784 | ) | $ | (2,263,226 | ) | $ | 1,058,884 | $ | (36,666,483 | ) |
See accompanying notes to the financial statements.
For the Periods Indicated :: Statements of Operations :: 249
Bull ProFund | Communication Services UltraSector ProFund | Consumer Goods UltraSector ProFund | Consumer Services UltraSector ProFund | Europe 30 ProFund | Falling U.S. Dollar ProFund | |||||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | |||||||||||||||||
$ | 488,047 | $ | 56,369 | $ | 95,824 | $ | 311,819 | $ | 146,271 | $ | — | |||||||||||
30,635 | 3,354 | 3,333 | 19,081 | 656 | 2,598 | |||||||||||||||||
(104 | ) | — | — | — | (10,899 | ) | — | |||||||||||||||
11 | 58 | 205 | 585 | 389 | — | |||||||||||||||||
518,589 | 59,781 | 99,362 | 331,485 | 136,417 | 2,598 | |||||||||||||||||
384,461 | 60,261 | 57,311 | 365,065 | 29,597 | 7,909 | |||||||||||||||||
76,893 | 12,052 | 11,462 | 73,013 | 5,919 | 1,582 | |||||||||||||||||
40,896 | 6,381 | 6,078 | 39,426 | 3,146 | 868 | |||||||||||||||||
72,391 | 1,825 | 4,464 | 10,619 | 2,651 | 22 | |||||||||||||||||
40,815 | 3,837 | 4,070 | 20,819 | 2,536 | 534 | |||||||||||||||||
89,237 | 21,441 | 19,143 | 134,894 | 7,462 | 2,826 | |||||||||||||||||
54,446 | 29,755 | 31,926 | 34,951 | 31,522 | 28,818 | |||||||||||||||||
8,399 | 1,276 | 1,107 | 9,183 | 4,648 | 8,186 | |||||||||||||||||
24,484 | 3,531 | 3,745 | 21,742 | 1,933 | 480 | |||||||||||||||||
811 | 132 | 129 | 840 | 56 | 17 | |||||||||||||||||
169 | 1 | 21 | 10 | 15 | 3 | |||||||||||||||||
2,542 | 383 | 379 | 2,373 | 207 | 54 | |||||||||||||||||
44,088 | 11,267 | 7,904 | 44,932 | 4,541 | 853 | |||||||||||||||||
— | 5,387 | — | — | — | — | |||||||||||||||||
839,632 | 157,529 | 147,739 | 757,867 | 94,233 | 52,152 | |||||||||||||||||
— | (12,684 | ) | (7,249 | ) | — | (21,319 | ) | (33,358 | ) | |||||||||||||
839,632 | 144,845 | 140,490 | 757,867 | 72,914 | 18,794 | |||||||||||||||||
(321,043 | ) | (85,064 | ) | (41,128 | ) | (426,382 | ) | 63,503 | (16,196 | ) | ||||||||||||
10,999,153 | 48,595 | 128,353 | 5,693,151 | (511,767 | ) | — | ||||||||||||||||
233,107 | — | — | — | — | — | |||||||||||||||||
(1,747,875 | ) | (2,320,299 | ) | (654,810 | ) | (10,238,611 | ) | — | — | |||||||||||||
— | — | — | — | — | (159,080 | ) | ||||||||||||||||
(13,350,408 | ) | (2,306,829 | ) | (704,509 | ) | (14,462,377 | ) | (428,748 | ) | — | ||||||||||||
(6,649 | ) | — | — | — | — | — | ||||||||||||||||
275,362 | 166,859 | 64,444 | 2,432,835 | — | — | |||||||||||||||||
— | — | — | — | — | 2,570 | |||||||||||||||||
(3,597,310 | ) | (4,411,674 | ) | (1,166,522 | ) | (16,575,002 | ) | (940,515 | ) | (156,510 | ) | |||||||||||
$ | (3,918,353 | ) | $ | (4,496,738 | ) | $ | (1,207,650 | ) | $ | (17,001,384 | ) | $ | (877,012 | ) | $ | (172,706 | ) |
See accompanying notes to the financial statements.
250 :: Statements of Operations :: For the Periods Indicated
Financials UltraSector ProFund | Health Care UltraSector ProFund | Industrials UltraSector ProFund | Internet UltraSector ProFund | |||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | |||||||||||||
INVESTMENT INCOME: | ||||||||||||||||
Dividends | $ | 156,424 | $ | 251,258 | $ | 112,633 | $ | 255,554 | ||||||||
Interest | 3,778 | 12,474 | 2,693 | 58,901 | ||||||||||||
Foreign tax withholding | — | — | (3 | ) | — | |||||||||||
Net income from securities lending | 9 | 1 | 8 | 250 | ||||||||||||
TOTAL INVESTMENT INCOME | 160,211 | 263,733 | 115,331 | 314,705 | ||||||||||||
EXPENSES: | ||||||||||||||||
Advisory fees | 91,689 | 177,805 | 82,038 | 1,196,718 | ||||||||||||
Management services fees | 18,338 | 35,561 | 16,408 | 239,345 | ||||||||||||
Administration fees | 10,315 | 18,610 | 8,415 | 126,856 | ||||||||||||
Distribution and services fees—Service Class | 6,399 | 11,484 | 3,508 | 78,263 | ||||||||||||
Transfer agency fees | 6,395 | 12,592 | 4,963 | 71,887 | ||||||||||||
Administrative services fees | 29,990 | 57,443 | 29,891 | 396,305 | ||||||||||||
Registration and filing fees | 34,601 | 38,700 | 32,663 | 50,789 | ||||||||||||
Custody fees | 1,948 | 3,657 | 1,659 | 33,695 | ||||||||||||
Fund accounting fees | 5,931 | 10,910 | 5,166 | 68,019 | ||||||||||||
Trustee fees | 221 | 379 | 210 | 2,731 | ||||||||||||
Compliance services fees | 7 | 28 | 15 | 339 | ||||||||||||
Service fees | 566 | 1,165 | 490 | 7,552 | ||||||||||||
Other fees | 11,997 | 25,288 | 11,320 | 154,211 | ||||||||||||
Recoupment of prior expenses reduced by the Advisor | — | — | 12,506 | — | ||||||||||||
Total Gross Expenses before reductions | 218,397 | 393,622 | 209,252 | 2,426,710 | ||||||||||||
Expenses reduced and reimbursed by the Advisor | (1,226 | ) | — | (14,198 | ) | — | ||||||||||
TOTAL NET EXPENSES | 217,171 | 393,622 | 195,054 | 2,426,710 | ||||||||||||
NET INVESTMENT INCOME (LOSS) | (56,960 | ) | (129,889 | ) | (79,723 | ) | (2,112,005 | ) | ||||||||
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: | ||||||||||||||||
Net realized gains (losses) on investment securities | 543,096 | (725,343 | ) | 1,230,704 | 22,196,724 | |||||||||||
Net realized gains (losses) on futures contracts | — | — | — | — | ||||||||||||
Net realized gains (losses) on swap agreements | (525,708 | ) | (1,741,524 | ) | (967,450 | ) | (67,297,065 | ) | ||||||||
Change in net unrealized appreciation/depreciation on investment securities | (1,049,785 | ) | (836,782 | ) | (2,263,120 | ) | (84,070,018 | ) | ||||||||
Change in net unrealized appreciation/depreciation on futures contracts | — | — | — | — | ||||||||||||
Change in net unrealized appreciation/depreciation on swap agreements | 64,265 | 76,704 | 216,721 | 9,622,446 | ||||||||||||
NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS | (968,132 | ) | (3,226,945 | ) | (1,783,145 | ) | (119,547,913 | ) | ||||||||
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | $ | (1,025,092 | ) | $ | (3,356,834 | ) | $ | (1,862,868 | ) | $ | (121,659,918 | ) |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
For the Periods Indicated :: Statements of Operations :: 251
Large-Cap Growth ProFund | Large-Cap Value ProFund | Mid-Cap Growth ProFund | Mid-Cap ProFund | Mid-Cap Value ProFund | Nasdaq-100 ProFund | |||||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | |||||||||||||||||
$ | 175,717 | $ | 303,964 | $ | 31,612 | $ | 66,089 | $ | 167,627 | $ | 486,762 | |||||||||||
96 | 52 | 10 | �� | 3,928 | 48 | 124,397 | ||||||||||||||||
(32 | ) | (36 | ) | — | — | — | (627 | ) | ||||||||||||||
— | 4 | 900 | 56 | 3 | 1,914 | |||||||||||||||||
175,781 | 303,984 | 32,522 | 70,073 | 167,678 | 612,446 | |||||||||||||||||
180,935 | 108,472 | 28,929 | 49,484 | 63,252 | 877,143 | |||||||||||||||||
36,187 | 21,694 | 5,786 | 9,897 | 12,650 | 187,960 | |||||||||||||||||
18,805 | 12,205 | 3,227 | 5,304 | 6,992 | 99,242 | |||||||||||||||||
16,208 | 18,569 | 6,680 | 7,989 | 6,569 | 74,077 | |||||||||||||||||
13,807 | 9,821 | 2,830 | 4,088 | 4,973 | 67,875 | |||||||||||||||||
54,380 | 30,180 | 7,773 | 14,644 | 21,283 | 301,710 | |||||||||||||||||
31,748 | 31,534 | 31,282 | 32,562 | 30,181 | 52,696 | |||||||||||||||||
4,855 | 3,517 | 1,100 | 1,080 | 2,144 | 32,041 | |||||||||||||||||
11,224 | 8,271 | 2,637 | 4,307 | 5,091 | 55,142 | |||||||||||||||||
413 | 234 | 65 | 111 | 123 | 2,058 | |||||||||||||||||
103 | 67 | 7 | 12 | 38 | 482 | |||||||||||||||||
1,155 | 765 | 200 | 325 | 456 | 6,124 | |||||||||||||||||
23,779 | 11,868 | 6,876 | 6,829 | 8,669 | 143,406 | |||||||||||||||||
— | — | — | — | — | — | |||||||||||||||||
393,599 | 257,197 | 97,392 | 136,632 | 162,421 | 1,899,956 | |||||||||||||||||
— | — | (12,156 | ) | (8,503 | ) | (5,735 | ) | — | ||||||||||||||
393,599 | 257,197 | 85,236 | 128,129 | 156,686 | 1,899,956 | |||||||||||||||||
(217,818 | ) | 46,787 | (52,714 | ) | (58,056 | ) | 10,992 | (1,287,510 | ) | |||||||||||||
853,623 | (1,499,883 | ) | 761,142 | 670,819 | (127,566 | ) | 13,357,277 | |||||||||||||||
— | — | — | — | — | (1,002,050 | ) | ||||||||||||||||
— | — | — | (270,675 | ) | — | (5,223,982 | ) | |||||||||||||||
(4,926,044 | ) | 161,787 | (1,262,045 | ) | (1,013,933 | ) | 160,874 | (19,964,749 | ) | |||||||||||||
— | — | — | — | — | 204,753 | |||||||||||||||||
— | — | — | 21,490 | — | 511,436 | |||||||||||||||||
(4,072,421 | ) | (1,338,096 | ) | (500,903 | ) | (592,299 | ) | 33,308 | (12,117,315 | ) | ||||||||||||
$ | (4,290,239 | ) | $ | (1,291,309 | ) | $ | (553,617 | ) | $ | (650,355 | ) | $ | 44,300 | $ | (13,404,825 | ) |
See accompanying notes to the financial statements.
252 :: Statements of Operations :: For the Periods Indicated
Oil & Gas UltraSector ProFund | Oil Equipment & Services UltraSector ProFund | Pharmaceuticals UltraSector ProFund | Precious Metals UltraSector ProFund | |||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | |||||||||||||
INVESTMENT INCOME: | ||||||||||||||||
Dividends | $ | 1,191,044 | $ | 179,743 | $ | 75,064 | $ | 539,392 | ||||||||
Interest | 33,996 | 12,547 | 2,786 | 17,912 | ||||||||||||
Foreign tax withholding | — | (75 | ) | — | (53,417 | ) | ||||||||||
Net income from securities lending | — | — | 37 | 514 | ||||||||||||
TOTAL INVESTMENT INCOME | 1,225,040 | 192,215 | 77,887 | 504,401 | ||||||||||||
EXPENSES: | ||||||||||||||||
Advisory fees | 307,846 | 150,348 | 36,934 | 203,820 | ||||||||||||
Management services fees | 61,569 | 30,070 | 7,387 | 40,764 | ||||||||||||
Administration fees | 32,850 | 16,838 | 4,076 | 22,021 | ||||||||||||
Distribution and services fees—Service Class | 25,747 | 22,630 | 4,351 | 18,047 | ||||||||||||
Transfer agency fees | 25,689 | 13,278 | 3,091 | 18,424 | ||||||||||||
Administrative services fees | 89,666 | 43,553 | 11,198 | 50,744 | ||||||||||||
Registration and filing fees | 34,494 | 38,869 | 29,334 | 34,508 | ||||||||||||
Custody fees | 8,799 | 6,466 | 4,579 | 4,761 | ||||||||||||
Fund accounting fees | 19,364 | 9,150 | 2,473 | 12,325 | ||||||||||||
Trustee fees | 592 | 322 | 77 | 468 | ||||||||||||
Compliance services fees | 162 | 24 | 12 | 38 | ||||||||||||
Service fees | 2,187 | 1,023 | 260 | 1,374 | ||||||||||||
Other fees | 38,736 | 19,945 | 5,659 | 24,787 | ||||||||||||
Recoupment of prior expenses reduced by the Advisor | — | — | — | — | ||||||||||||
Total Gross Expenses before reductions | 647,701 | 352,516 | 109,431 | 432,081 | ||||||||||||
Expenses reduced and reimbursed by the Advisor | — | — | (17,424 | ) | — | |||||||||||
TOTAL NET EXPENSES | 647,701 | 352,516 | 92,007 | 432,081 | ||||||||||||
NET INVESTMENT INCOME (LOSS) | 577,339 | (160,301 | ) | (14,120 | ) | 72,320 | ||||||||||
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: | ||||||||||||||||
Net realized gains (losses) on investment securities | (2,169,862 | ) | (41,721 | ) | (27,363 | ) | 1,128,497 | |||||||||
Net realized gains (losses) on futures contracts | — | — | — | — | ||||||||||||
Net realized gains (losses) on swap agreements | 9,630,476 | (424,591 | ) | 135,230 | (5,405,559 | ) | ||||||||||
Net realized gains (losses) on forward currency contracts | — | — | — | — | ||||||||||||
Change in net unrealized appreciation/depreciation on investment securities | 11,834,947 | 806,481 | 171,885 | (6,761,632 | ) | |||||||||||
Change in net unrealized appreciation/depreciation on futures contracts | — | — | — | — | ||||||||||||
Change in net unrealized appreciation/depreciation on swap agreements | 1,553,806 | 592,250 | (6,734 | ) | (624,661 | ) | ||||||||||
Change in net unrealized appreciation/depreciation on forward currency contracts | — | — | — | — | ||||||||||||
NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS | 20,849,367 | 932,419 | 273,018 | (11,663,355 | ) | |||||||||||
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 21,426,706 | $ | 772,118 | $ | 258,898 | $ | (11,591,035 | ) |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
For the Periods Indicated :: Statements of Operations :: 253
Real Estate UltraSector ProFund | Rising Rates Opportunity ProFund | Rising Rates Opportunity 10 ProFund | Rising U.S. Dollar ProFund | Semiconductor UltraSector ProFund | Short Nasdaq-100 ProFund | |||||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | |||||||||||||||||
$ | 732,475 | $ | — | $ | — | $ | — | $ | 808,222 | $ | — | |||||||||||
5,499 | 135,011 | 16,268 | 87,628 | 42,965 | 148,005 | |||||||||||||||||
— | — | — | — | (3,446 | ) | — | ||||||||||||||||
38 | — | — | — | — | — | |||||||||||||||||
738,012 | 135,011 | 16,268 | 87,628 | 847,741 | 148,005 | |||||||||||||||||
448,629 | 180,429 | 25,970 | 144,519 | 703,194 | 171,245 | |||||||||||||||||
89,726 | 36,086 | 5,194 | 28,904 | 140,639 | 34,249 | |||||||||||||||||
43,382 | 18,262 | 2,609 | 16,749 | 74,199 | 20,420 | |||||||||||||||||
7,988 | 12,714 | 3,340 | 2,360 | 54,063 | 2,873 | |||||||||||||||||
22,413 | 13,416 | 2,395 | 13,181 | 45,588 | 13,946 | |||||||||||||||||
178,554 | 50,285 | 7,039 | 39,897 | 242,365 | 60,795 | |||||||||||||||||
47,881 | 31,229 | 40,931 | 29,441 | 38,455 | 32,269 | |||||||||||||||||
10,729 | 3,546 | 526 | 9,689 | 17,314 | 3,892 | |||||||||||||||||
23,796 | 12,105 | 1,695 | 9,633 | 41,407 | 12,765 | |||||||||||||||||
1,147 | 281 | 47 | 255 | 1,458 | 256 | |||||||||||||||||
31 | 127 | 16 | 96 | 84 | 151 | |||||||||||||||||
2,568 | 1,382 | 193 | 1,097 | 4,628 | 1,467 | |||||||||||||||||
58,485 | 19,780 | 4,282 | 29,211 | 87,289 | 32,821 | |||||||||||||||||
729 | — | — | 29,000 | — | 30,000 | |||||||||||||||||
936,058 | 379,642 | 94,237 | 354,032 | 1,450,683 | 417,149 | |||||||||||||||||
— | — | (29,262 | ) | (8,678 | ) | — | (7,854 | ) | ||||||||||||||
936,058 | 379,642 | 64,975 | 345,354 | 1,450,683 | 409,295 | |||||||||||||||||
(198,046 | ) | (244,631 | ) | (48,707 | ) | (257,726 | ) | (602,942 | ) | (261,290 | ) | |||||||||||
1,130,011 | — | — | — | (4,062,704 | ) | — | ||||||||||||||||
— | (41,651 | ) | (600 | ) | — | — | (62,199 | ) | ||||||||||||||
(877,989 | ) | 4,178,172 | 444,655 | — | (15,874,838 | ) | 2,299,212 | |||||||||||||||
— | — | — | 2,442,866 | — | — | |||||||||||||||||
(1,099,195 | ) | — | — | — | (7,371,198 | ) | — | |||||||||||||||
— | — | — | — | — | (145,687 | ) | ||||||||||||||||
160,815 | (370,622 | ) | (108,452 | ) | — | 855,385 | (2,098,772 | ) | ||||||||||||||
— | — | — | (569,212 | ) | — | — | ||||||||||||||||
(686,358 | ) | 3,765,899 | 335,603 | 1,873,654 | (26,453,355 | ) | (7,446 | ) | ||||||||||||||
$ | (884,404 | ) | $ | 3,521,268 | $ | 286,896 | $ | 1,615,928 | $ | (27,056,297 | ) | $ | (268,736 | ) |
See accompanying notes to the financial statements.
254 :: Statements of Operations :: For the Periods Indicated
Short Oil & Gas ProFund | Short Precious Metals ProFund | Short Real Estate ProFund | Short Small-Cap ProFund | |||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | |||||||||||||
INVESTMENT INCOME: | ||||||||||||||||
Dividends | $ | — | $ | — | $ | — | $ | — | ||||||||
Interest | 7,053 | 10,410 | 3,634 | 9,486 | ||||||||||||
Foreign tax withholding | — | — | — | — | ||||||||||||
Net income from securities lending | — | — | — | — | ||||||||||||
TOTAL INVESTMENT INCOME | 7,053 | 10,410 | 3,634 | 9,486 | ||||||||||||
EXPENSES: | ||||||||||||||||
Advisory fees | 10,643 | 23,433 | 5,390 | 32,036 | ||||||||||||
Management services fees | 2,129 | 4,687 | 1,078 | 6,407 | ||||||||||||
Administration fees | 1,091 | 2,612 | 613 | 3,382 | ||||||||||||
Distribution and services fees—Service Class | 258 | 232 | 141 | 732 | ||||||||||||
Transfer agency fees | 737 | 2,064 | 534 | 2,058 | ||||||||||||
Administrative services fees | 3,809 | 7,713 | 1,646 | 11,192 | ||||||||||||
Registration and filing fees | 30,148 | 40,943 | 29,683 | 30,833 | ||||||||||||
Custody fees | 447 | 425 | 143 | 1,184 | ||||||||||||
Fund accounting fees | 712 | 1,645 | 394 | 1,950 | ||||||||||||
Trustee fees | 19 | 48 | 10 | 89 | ||||||||||||
Compliance services fees | 2 | 6 | 2 | 23 | ||||||||||||
Service fees | 80 | 185 | 45 | 218 | ||||||||||||
Other fees | 3,155 | 3,578 | 2,232 | 7,250 | ||||||||||||
Total Gross Expenses before reductions | 53,230 | 87,571 | 41,911 | 97,354 | ||||||||||||
Expenses reduced and reimbursed by the Advisor | (27,711 | ) | (31,725 | ) | (28,976 | ) | (20,588 | ) | ||||||||
TOTAL NET EXPENSES | 25,519 | 55,846 | 12,935 | 76,766 | ||||||||||||
NET INVESTMENT INCOME (LOSS) | (18,466 | ) | (45,436 | ) | (9,301 | ) | (67,280 | ) | ||||||||
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: | ||||||||||||||||
Net realized gains (losses) on investment securities | — | — | — | — | ||||||||||||
Net realized gains (losses) on futures contracts | — | — | 6,610 | |||||||||||||
Net realized gains (losses) on swap agreements | (432,529 | ) | 1,287,502 | (7,575 | ) | (1,128,373 | ) | |||||||||
Change in net unrealized appreciation/depreciation on investment securities | — | — | — | — | ||||||||||||
Change in net unrealized appreciation/depreciation on futures contracts | — | — | — | (26,892 | ) | |||||||||||
Change in net unrealized appreciation/depreciation on swap agreements | (169,544 | ) | (116,521 | ) | (100,431 | ) | (28,637 | ) | ||||||||
NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS | (602,073 | ) | 1,170,981 | (108,006 | ) | (1,177,292 | ) | |||||||||
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | $ | (620,539 | ) | $ | 1,125,545 | $ | (117,307 | ) | $ | (1,244,572 | ) |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
For the Periods Indicated :: Statements of Operations :: 255
Small-Cap Growth ProFund | Small-Cap ProFund | Small-Cap Value ProFund | Technology UltraSector ProFund | Telecommunications UltraSector ProFund | UltraBear ProFund | |||||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | |||||||||||||||||
$ | 69,442 | $ | 34,932 | $ | 268,449 | $ | 420,257 | $ | 21,653 | $ | — | |||||||||||
24 | 4,843 | 81 | 27,784 | 583 | 38,917 | |||||||||||||||||
(3 | ) | (34 | ) | (4 | ) | (546 | ) | — | — | |||||||||||||
174 | 203 | 114 | 499 | — | — | |||||||||||||||||
69,637 | 39,944 | 268,640 | 447,994 | 22,236 | 38,917 | |||||||||||||||||
49,478 | 44,298 | 121,336 | 611,362 | 7,466 | 76,775 | |||||||||||||||||
9,896 | 8,860 | 24,267 | 122,273 | 1,493 | 15,355 | |||||||||||||||||
5,797 | 4,726 | 13,160 | 63,548 | 901 | 8,521 | |||||||||||||||||
7,085 | 4,799 | 7,745 | 55,332 | 462 | 333 | |||||||||||||||||
4,652 | 4,781 | 8,393 | 40,355 | 823 | 6,235 | |||||||||||||||||
13,982 | 9,948 | 41,048 | 192,964 | 2,185 | 24,559 | |||||||||||||||||
31,142 | 35,639 | 35,356 | 39,650 | 29,205 | 52,895 | |||||||||||||||||
1,794 | 968 | 4,112 | 12,814 | 603 | 1,904 | |||||||||||||||||
4,254 | 9,537 | 8,849 | 35,616 | 662 | 4,952 | |||||||||||||||||
107 | 94 | 235 | 1,345 | 18 | 147 | |||||||||||||||||
2 | 14 | 34 | 61 | 1 | 48 | |||||||||||||||||
340 | 282 | 809 | 3,906 | 56 | 562 | |||||||||||||||||
6,848 | 9,739 | 14,779 | 80,050 | 2,016 | 9,753 | |||||||||||||||||
135,377 | 133,685 | 280,123 | 1,259,276 | 45,891 | 202,039 | |||||||||||||||||
(1,480 | ) | (23,751 | ) | — | — | (27,710 | ) | (19,494 | ) | |||||||||||||
133,897 | 109,934 | 280,123 | 1,259,276 | 18,181 | 182,545 | |||||||||||||||||
(64,260 | ) | (69,990 | ) | (11,483 | ) | (811,282 | ) | 4,055 | (143,628 | ) | ||||||||||||
972,387 | 163,579 | 602,889 | 5,788,547 | (178 | ) | — | ||||||||||||||||
— | 19,753 | — | — | — | (50,318 | ) | ||||||||||||||||
— | 416,245 | — | (12,682,648 | ) | (118,075 | ) | 799,525 | |||||||||||||||
(2,135,611 | ) | (406,093 | ) | (1,858,027 | ) | (13,835,924 | ) | (109,595 | ) | — | ||||||||||||
— | 5,852 | — | — | — | 2,929 | |||||||||||||||||
— | (35,404 | ) | — | 2,614,493 | 14,945 | (580,959 | ) | |||||||||||||||
(1,163,224 | ) | 163,932 | (1,255,138 | ) | (18,115,532 | ) | (212,903 | ) | 171,177 | |||||||||||||
$ | (1,227,484 | ) | $ | 93,942 | $ | (1,266,621 | ) | $ | (18,926,814 | ) | $ | (208,848 | ) | $ | 27,549 |
See accompanying notes to the financial statements.
256 :: Statements of Operations :: For the Periods Indicated
UltraBull ProFund | UltraChina ProFund | UltraDow 30 ProFund | UltraEmerging Markets ProFund | |||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | |||||||||||||
INVESTMENT INCOME: | ||||||||||||||||
Dividends | $ | 1,297,186 | $ | 262,446 | $ | 490,932 | $ | 222,213 | ||||||||
Interest | 88,731 | 12,670 | 23,469 | 3,735 | ||||||||||||
Foreign tax withholding | (272 | ) | (20,228 | ) | — | (14,732 | ) | |||||||||
Net income from securities lending | 42 | 3,391 | — | 2,209 | ||||||||||||
TOTAL INVESTMENT INCOME | 1,385,687 | 258,279 | 514,401 | 213,425 | ||||||||||||
EXPENSES: | ||||||||||||||||
Advisory fees | 907,753 | 142,097 | 274,922 | 55,043 | ||||||||||||
Management services fees | 181,552 | 28,419 | 54,984 | 11,009 | ||||||||||||
Administration fees | 95,703 | 15,222 | 29,338 | 6,122 | ||||||||||||
Distribution and services fees—Service Class | 30,253 | 5,203 | 9,296 | 1,804 | ||||||||||||
Transfer agency fees | 67,423 | 12,054 | 21,528 | 4,483 | ||||||||||||
Administrative services fees | 244,228 | 41,463 | 83,138 | 17,681 | ||||||||||||
Registration and filing fees | 72,265 | 41,237 | 35,161 | 33,951 | ||||||||||||
Custody fees | 34,109 | 19,227 | 5,869 | 6,019 | ||||||||||||
Fund accounting fees | 54,906 | 8,722 | 16,427 | 3,521 | ||||||||||||
Trustee fees | 1,927 | 289 | 585 | 126 | ||||||||||||
Compliance services fees | 457 | 47 | 138 | 3 | ||||||||||||
Service fees | 5,961 | 961 | 1,831 | 377 | ||||||||||||
Other fees | 98,207 | 18,267 | 41,006 | 7,123 | ||||||||||||
Recoupment of prior expenses reduced by the Advisor | — | — | — | — | ||||||||||||
Total Gross Expenses before reductions | 1,794,744 | 333,208 | 574,223 | 147,262 | ||||||||||||
Expenses reduced and reimbursed by the Advisor | — | — | — | (5,162 | ) | |||||||||||
TOTAL NET EXPENSES | 1,794,744 | 333,208 | 574,223 | 142,100 | ||||||||||||
NET INVESTMENT INCOME (LOSS) | (409,057 | ) | (74,929 | ) | (59,822 | ) | 71,325 | |||||||||
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: | ||||||||||||||||
Net realized gains (losses) on investment securities | 1,352,383 | (8,536,909 | ) | (265,499 | ) | 153,090 | ||||||||||
Net realized gains (losses) on futures contracts | 455,352 | — | (61,096 | ) | — | |||||||||||
Net realized gains (losses) on swap agreements | (14,792,266 | ) | (9,515,660 | ) | (4,202,694 | ) | (2,564,814 | ) | ||||||||
Change in net unrealized appreciation/depreciation on investment securities | (8,453,432 | ) | (808,533 | ) | (1,394,506 | ) | (2,442,092 | ) | ||||||||
Change in net unrealized appreciation/depreciation on futures contracts | (120,523 | ) | — | (59,987 | ) | — | ||||||||||
Change in net unrealized appreciation/depreciation on swap agreements | 3,658,632 | (2,580,657 | ) | 913,097 | (449,057 | ) | ||||||||||
NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS | (17,899,854 | ) | (21,441,759 | ) | (5,070,685 | ) | (5,302,873 | ) | ||||||||
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | $ | (18,308,911 | ) | $ | (21,516,688 | ) | $ | (5,130,507 | ) | $ | (5,231,548 | ) |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
For the Periods Indicated :: Statements of Operations :: 257
UltraInternational ProFund | UltraJapan ProFund | UltraLatin America ProFund | UltraMid-Cap ProFund | UltraNasdaq-100 ProFund | UltraShort China ProFund | |||||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | |||||||||||||||||
$ | — | $ | — | $ | 1,138,725 | $ | 533,533 | $ | 5,009,246 | $ | — | |||||||||||
5,564 | 31,199 | 6,419 | 35,113 | 542,845 | 7,512 | |||||||||||||||||
— | — | (29,920 | ) | — | (5,262 | ) | — | |||||||||||||||
— | — | 7,679 | 303 | 22,540 | — | |||||||||||||||||
5,564 | 31,199 | 1,122,903 | 568,949 | 5,569,369 | 7,512 | |||||||||||||||||
18,362 | 124,687 | 98,051 | 377,841 | 6,870,938 | 22,437 | |||||||||||||||||
3,672 | 20,781 | 19,610 | 75,569 | 1,374,194 | 4,487 | |||||||||||||||||
1,889 | 11,255 | 10,772 | 40,535 | 722,091 | 2,150 | |||||||||||||||||
546 | 1,488 | 1,158 | 10,669 | 209,316 | 156 | |||||||||||||||||
1,612 | 11,712 | 12,860 | 25,293 | 507,267 | 1,854 | |||||||||||||||||
5,301 | 21,515 | 16,804 | 123,747 | 2,107,752 | 6,747 | |||||||||||||||||
33,163 | 31,064 | 33,752 | 37,783 | 125,587 | 32,687 | |||||||||||||||||
419 | 2,364 | 16,190 | 10,960 | 268,989 | 594 | |||||||||||||||||
1,085 | 6,220 | 6,000 | 23,710 | 396,571 | 1,336 | |||||||||||||||||
42 | 212 | 216 | 832 | 15,148 | 47 | |||||||||||||||||
8 | 33 | 45 | 138 | 3,276 | 14 | |||||||||||||||||
121 | 697 | 662 | 2,499 | 44,263 | 150 | |||||||||||||||||
3,399 | 11,960 | 11,044 | 42,597 | 1,056,749 | 4,056 | |||||||||||||||||
— | 7,881 | — | — | — | — | |||||||||||||||||
69,619 | 251,869 | 227,164 | 772,173 | 13,702,141 | 76,715 | |||||||||||||||||
(25,493 | ) | (3,778 | ) | — | — | — | (23,308 | ) | ||||||||||||||
44,126 | 248,091 | 227,164 | 772,173 | 13,702,141 | 53,407 | |||||||||||||||||
(38,562 | ) | (216,892 | ) | 895,739 | (203,224 | ) | (8,132,772 | ) | (45,895 | ) | ||||||||||||
— | — | 1,152,420 | 1,727,552 | 44,641,867 | — | |||||||||||||||||
— | (1,833,360 | ) | — | (283,034 | ) | (3,068,142 | ) | — | ||||||||||||||
(801,693 | ) | (8,000 | ) | (1,745,250 | ) | (5,652,441 | ) | (213,910,175 | ) | (3,336,675 | ) | |||||||||||
— | — | (3,144,441 | ) | (4,766,220 | ) | (137,225,039 | ) | — | ||||||||||||||
— | 2,168,934 | — | 126,217 | 242,856 | — | |||||||||||||||||
57,206 | (653 | ) | 582,624 | 664,552 | 18,663,600 | 529,194 | ||||||||||||||||
(744,487 | ) | 326,921 | (3,154,647 | ) | (8,183,374 | ) | (290,655,033 | ) | (2,807,481 | ) | ||||||||||||
$ | (783,049 | ) | $ | 110,029 | $ | (2,258,908 | ) | $ | (8,386,598 | ) | $ | (298,787,805 | ) | $ | (2,853,376 | ) |
See accompanying notes to the financial statements.
258 :: Statements of Operations :: For the Periods Indicated
UltraShort Dow 30 ProFund | UltraShort Emerging Markets ProFund | UltraShort International ProFund | UltraShort Japan ProFund | |||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | |||||||||||||
INVESTMENT INCOME: | ||||||||||||||||
Dividends | $ | — | $ | — | $ | — | $ | — | ||||||||
Interest | 8,121 | 3,571 | 7,679 | 799 | ||||||||||||
Foreign tax withholding | — | — | — | — | ||||||||||||
TOTAL INVESTMENT INCOME | 8,121 | 3,571 | 7,679 | 799 | ||||||||||||
EXPENSES: | ||||||||||||||||
Advisory fees | 20,457 | 7,651 | 15,543 | 2,957 | ||||||||||||
Management services fees | 4,091 | 1,530 | 3,109 | 493 | ||||||||||||
Administration fees | 2,208 | 835 | 1,638 | 252 | ||||||||||||
Distribution and services fees—Service Class | 1,185 | 514 | 110 | 59 | ||||||||||||
Transfer agency fees | 1,557 | 734 | 1,080 | 187 | ||||||||||||
Administrative services fees | 6,658 | 2,290 | 5,655 | 743 | ||||||||||||
Registration and filing fees | 30,780 | 22,119 | 21,895 | 28,681 | ||||||||||||
Custody fees | 454 | 182 | 350 | 53 | ||||||||||||
Fund accounting fees | 1,248 | 527 | 1,031 | 150 | ||||||||||||
Trustee fees | 40 | 15 | 30 | 4 | ||||||||||||
Compliance services fees | 8 | 7 | 10 | 2 | ||||||||||||
Service fees | 140 | 59 | 117 | 16 | ||||||||||||
Other fees | 4,520 | 2,142 | 3,462 | 1,776 | ||||||||||||
Total Gross Expenses before reductions | 73,346 | 38,605 | 54,030 | 35,373 | ||||||||||||
Expenses reduced and reimbursed by the Advisor | (23,610 | ) | (19,934 | ) | (17,032 | ) | (29,466 | ) | ||||||||
TOTAL NET EXPENSES | 49,736 | 18,671 | 36,998 | 5,907 | ||||||||||||
NET INVESTMENT INCOME (LOSS) | (41,615 | ) | (15,100 | ) | (29,319 | ) | (5,108 | ) | ||||||||
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: | ||||||||||||||||
Net realized gains (losses) on investment securities | — | — | — | — | ||||||||||||
Net realized gains (losses) on futures contracts | (2,612 | ) | — | — | (85,129 | ) | ||||||||||
Net realized gains (losses) on swap agreements | 42,647 | 4,627 | (110,073 | ) | (2,674 | ) | ||||||||||
Change in net unrealized appreciation/depreciation on investment securities | — | — | — | — | ||||||||||||
Change in net unrealized appreciation/depreciation on futures contracts | 1,782 | — | — | (25,320 | ) | |||||||||||
Change in net unrealized appreciation/depreciation on swap agreements | (132,324 | ) | 65,310 | (89,230 | ) | (160 | ) | |||||||||
NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS | (90,507 | ) | 69,937 | (199,303 | ) | (113,283 | ) | |||||||||
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | $ | (132,122 | ) | $ | 54,837 | $ | (228,622 | ) | $ | (118,391 | ) |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
For the Periods Indicated :: Statements of Operations :: 259
UltraShort Latin America ProFund | UltraShort Mid-Cap ProFund | UltraShort Nasdaq-100 ProFund | UltraShort Small-Cap ProFund | UltraSmall-Cap ProFund | U.S. Government Plus ProFund | |||||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | Year Ended July 31, 2022 | |||||||||||||||||
$ | — | $ | — | $ | — | $ | — | $ | 638,540 | $ | — | |||||||||||
3,534 | 3,957 | 181,438 | 14,503 | 61,128 | 27,479 | |||||||||||||||||
— | — | — | — | (576 | ) | — | ||||||||||||||||
3,534 | 3,957 | 181,438 | 14,503 | 699,092 | 27,479 | |||||||||||||||||
8,870 | 10,677 | 230,680 | 34,474 | 600,834 | 80,103 | |||||||||||||||||
1,774 | 2,136 | 46,136 | 6,895 | 120,167 | 24,031 | |||||||||||||||||
903 | 1,088 | 26,832 | 3,652 | 63,359 | 12,515 | |||||||||||||||||
300 | 307 | 857 | 1,770 | 8,475 | 5,791 | |||||||||||||||||
716 | 662 | 19,611 | 3,213 | 37,065 | 8,362 | |||||||||||||||||
2,960 | 3,719 | 76,924 | 9,018 | 225,635 | 39,031 | |||||||||||||||||
30,159 | 28,603 | 41,983 | 38,512 | 44,060 | 39,373 | |||||||||||||||||
195 | 241 | 12,445 | 781 | 29,943 | 2,357 | |||||||||||||||||
552 | 623 | 16,120 | 2,109 | 42,220 | 6,995 | |||||||||||||||||
18 | 21 | 407 | 74 | 1,306 | 272 | |||||||||||||||||
3 | 5 | 141 | 14 | 258 | 77 | |||||||||||||||||
62 | 69 | 1,844 | 237 | 3,932 | 781 | |||||||||||||||||
2,678 | 2,759 | 43,882 | 7,518 | 108,643 | 12,385 | |||||||||||||||||
49,190 | 50,910 | 517,862 | 108,267 | 1,285,897 | 232,073 | |||||||||||||||||
(27,838 | ) | (25,262 | ) | — | (24,679 | ) | — | — | ||||||||||||||
21,352 | 25,648 | 517,862 | 83,588 | 1,285,897 | 232,073 | |||||||||||||||||
(17,818 | ) | (21,691 | ) | (336,424 | ) | (69,085 | ) | (586,805 | ) | (204,594 | ) | |||||||||||
— | — | — | — | (6,288,589 | ) | — | ||||||||||||||||
— | (32,632 | ) | (64,667 | ) | 159,978 | (976,284 | ) | 305,095 | ||||||||||||||
(360,275 | ) | (35,826 | ) | (3,290,953 | ) | 62,471 | (17,475,705 | ) | (4,385,623 | ) | ||||||||||||
— | — | — | — | (5,078,016 | ) | — | ||||||||||||||||
— | 670 | (162,565 | ) | (23,394 | ) | (184,502 | ) | — | ||||||||||||||
(119,024 | ) | (19,568 | ) | (5,896,516 | ) | 142,246 | (1,187,747 | ) | (151,076 | ) | ||||||||||||
(479,299 | ) | (87,356 | ) | (9,414,701 | ) | 341,301 | (31,190,843 | ) | (4,231,604 | ) | ||||||||||||
$ | (497,117 | ) | $ | (109,047 | ) | $ | (9,751,125 | ) | $ | 272,216 | $ | (31,777,648 | ) | $ | (4,436,198 | ) |
See accompanying notes to the financial statements.
260 :: Statements of Operations :: For the Periods Indicated
Utilities UltraSector ProFund | ||||
Year Ended July 31, 2022 | ||||
INVESTMENT INCOME: | ||||
Dividends | $ | 216,588 | ||
Interest | 8,074 | |||
TOTAL INVESTMENT INCOME | 224,662 | |||
EXPENSES: | ||||
Advisory fees | 77,570 | |||
Management services fees | 15,514 | |||
Administration fees | 8,310 | |||
Distribution and services fees—Service Class | 8,622 | |||
Transfer agency fees | 6,846 | |||
Administrative services fees | 21,893 | |||
Registration and filing fees | 29,093 | |||
Custody fees | 1,758 | |||
Fund accounting fees | 5,015 | |||
Trustee fees | 155 | |||
Compliance services fees | 28 | |||
Service fees | 548 | |||
Other fees | 8,839 | |||
Recoupment of prior expenses reduced by the Advisor | 3,373 | |||
TOTAL NET EXPENSES | 187,564 | |||
NET INVESTMENT INCOME (LOSS) | 37,098 | |||
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: | ||||
Net realized gains (losses) on investment securities | (448,833 | ) | ||
Net realized gains (losses) on swap agreements | 260,521 | |||
Change in net unrealized appreciation/depreciation on investment securities | 868,205 | |||
Change in net unrealized appreciation/depreciation on swap agreements | 448,620 | |||
NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS | 1,128,513 | |||
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 1,165,611 |
See accompanying notes to the financial statements.
Consolidated Statements of Operations
262 :: Consolidated Statements of Operations :: For the Periods Indicated
Bitcoin Strategy ProFund | Short Bitcoin Strategy ProFund | |||||||
Year Ended July 31, 2022 | Period from June 21, 2022 (commencement of operations) to July 31, 2022 | |||||||
INVESTMENT INCOME: | ||||||||
Interest | $ | 19,556 | $ | 253 | ||||
EXPENSES: | ||||||||
Advisory fees | 113,834 | 236 | ||||||
Management services fees | 37,945 | 79 | ||||||
Administration fees | 20,295 | 46 | ||||||
Transfer agency fees | 10,770 | 92 | ||||||
Administrative services fees | 64,960 | — | ||||||
Registration and filing fees | 44,663 | 4,908 | ||||||
Custody fees | 3,988 | 8 | ||||||
Fund accounting fees | 26,884 | 1,679 | ||||||
Trustee fees | 397 | — | ||||||
Compliance services fees | 156 | — | ||||||
Service fees | 1,319 | 4 | ||||||
Audit fees | 14,133 | 15,022 | ||||||
Licensing fees | 30,000 | 50 | ||||||
Interest fees | 29,038 | 130 | ||||||
Futures commission merchant (FCM) fees | 72,867 | 190 | ||||||
Other fees | 15,178 | 145 | ||||||
Total Gross Expenses before reductions | 486,427 | 22,589 | ||||||
Expenses reduced and reimbursed by the Advisor | (168,450 | ) | (21,601 | ) | ||||
Fees paid indirectly | (3,583 | ) | (8 | ) | ||||
TOTAL NET EXPENSES | 314,394 | 980 | ||||||
NET INVESTMENT INCOME (LOSS) | (294,838 | ) | (727 | ) | ||||
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: | ||||||||
Net realized gains (losses) on investment securities | (3,895 | ) | — | |||||
Net realized gains (losses) on futures contracts | (25,487,228 | ) | (100,369 | ) | ||||
Change in net unrealized appreciation/depreciation on investment securities | (3,108 | ) | (83 | ) | ||||
Change in net unrealized appreciation/depreciation on futures contracts | 1,740,541 | (1,054 | ) | |||||
NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS | (23,753,690 | ) | (101,506 | ) | ||||
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | $ | (24,048,528 | ) | $ | (102,233 | ) |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
Statements of Changes in Net Assets
This Page Intentionally Left Blank
For the Periods Indicated :: Statements of Changes in Net Assets :: 265
Access Flex Bear High Yield ProFund | Access Flex High Yield ProFund | |||||||||||||||||||||||
Year Ended July 31, 2022 | Nine Months Ended July 31, 2021 | Year Ended October 31, 2020 | Year Ended July 31, 2022 | Nine Months Ended July 31, 2021 | Year Ended October 31, 2020 | |||||||||||||||||||
FROM INVESTMENT ACTIVITIES: | ||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||
Net investment income (loss) | $ | (13,339 | ) | $ | (6,766 | ) | $ | (14,725 | ) | $ | (122,716 | ) | $ | (229,483 | ) | $ | (295,418 | ) | ||||||
Net realized gains (losses) on investments | 14,059 | (44,954 | ) | (119,631 | ) | (1,082,293 | ) | 1,179,141 | 759,149 | |||||||||||||||
Change in net unrealized appreciation/depreciation on investments | (9,285 | ) | (12,357 | ) | 8,535 | (88,882 | ) | 347,460 | (496,595 | ) | ||||||||||||||
Change in net assets resulting from operations | (8,565 | ) | (64,077 | ) | (125,821 | ) | (1,293,891 | ) | 1,297,118 | (32,864 | ) | |||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: | ||||||||||||||||||||||||
Total distributions | ||||||||||||||||||||||||
Investor Class | — | — | — | (51,036 | ) | (352,208 | ) | (473,488 | ) | |||||||||||||||
Service Class | — | — | — | (5,949 | ) | (58,794 | ) | (73,610 | ) | |||||||||||||||
Return of Capital | ||||||||||||||||||||||||
Investor Class | — | — | — | — | — | (51,279 | ) | |||||||||||||||||
Service Class | — | — | — | — | — | (7,972 | ) | |||||||||||||||||
Change in net assets resulting from distributions | — | — | — | (56,985 | ) | (411,002 | ) | (606,349 | ) | |||||||||||||||
Change in net assets resulting from capital transactions | (1,770,056 | ) | (339,063 | ) | (145,189 | ) | (2,350,270 | ) | (4,470,145 | ) | (3,640,067 | ) | ||||||||||||
Change in net assets | 1,761,491 | (403,140 | ) | 19,368 | (3,701,146 | ) | (3,584,029 | ) | (4,279,280 | ) | ||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||
Beginning of period | 455,767 | 858,907 | 839,539 | 16,779,597 | 20,363,626 | 24,642,906 | ||||||||||||||||||
End of period | $ | 2,217,258 | $ | 455,767 | $ | 858,907 | $ | 13,078,451 | $ | 16,779,597 | $ | 20,363,626 | ||||||||||||
CAPITAL TRANSACTIONS: | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Proceeds from shares issued | $ | 9,873,185 | $ | 1,430,464 | $ | 5,134,273 | $ | 38,658,725 | $ | 23,728,782 | $ | 100,359,693 | ||||||||||||
Distributions reinvested | — | — | — | 50,961 | 351,055 | 510,530 | ||||||||||||||||||
Value of shares redeemed | (8,120,862 | ) | (1,768,701 | ) | (4,971,541 | ) | (41,161,096 | ) | (29,153,053 | ) | (103,023,846 | ) | ||||||||||||
Service Class | ||||||||||||||||||||||||
Proceeds from shares issued | 23,923 | 29,755 | 712,479 | 3,429,882 | 2,325,033 | 10,267,023 | ||||||||||||||||||
Distributions reinvested | — | — | — | 5,949 | 58,794 | 81,582 | ||||||||||||||||||
Value of shares redeemed | (6,190 | ) | (30,581 | ) | (730,022 | ) | (3,334,691 | ) | (1,780,756 | ) | (11,835,049 | ) | ||||||||||||
Change in net assets resulting from capital transactions | $ | 1,770,056 | $ | (339,063 | ) | $ | 145,189 | $ | (2,350,270 | ) | $ | (4,470,145 | ) | $ | (3,640,067 | ) | ||||||||
SHARE TRANSACTIONS: | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Issued | 310,558 | 46,292 | 146,202 | 1,255,799 | 721,737 | 3,084,990 | ||||||||||||||||||
Reinvested | — | — | — | 1,560 | 10,797 | 15,586 | ||||||||||||||||||
Redeemed | (256,371 | ) | (56,887 | ) | (144,619 | ) | (1,331,389 | ) | (884,650 | ) | (3,124,054 | ) | ||||||||||||
Service Class | ||||||||||||||||||||||||
Issued | 847 | 1,104 | 24,676 | 113,433 | 71,651 | 313,888 | ||||||||||||||||||
Reinvested | — | — | — | 184 | 1,825 | 2,534 | ||||||||||||||||||
Redeemed | (236 | ) | (1,158 | ) | (25,319 | ) | (110,832 | ) | (54,622 | ) | (369,466 | ) | ||||||||||||
Change in shares | 54,798 | (10,649 | ) | 940 | (71,245 | ) | (133,262 | ) | (76,522 | ) |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
266 :: Statements of Changes in Net Assets :: For the Periods Indicated
Banks UltraSector ProFund | Basic Materials UltraSector ProFund | |||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||
FROM INVESTMENT ACTIVITIES: | ||||||||||||||||
OPERATIONS: | ||||||||||||||||
Net investment income (loss) | $ | 16,529 | $ | 199,223 | $ | (28,724 | ) | $ | (31,878 | ) | ||||||
Net realized gains (losses) on investments | (2,688,803 | ) | (2,393,610 | ) | (1,565,178 | ) | 4,740,378 | |||||||||
Change in net unrealized appreciation/depreciation on investments | (950,510 | ) | 2,972,910 | (669,324 | ) | 1,784,522 | ||||||||||
Change in net assets resulting from operations | (3,622,784 | ) | 778,523 | (2,263,226 | ) | 6,493,022 | ||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: | ||||||||||||||||
Total distributions | ||||||||||||||||
Investor Class | — | — | — | (90,892 | ) | |||||||||||
Service Class | — | — | — | (1,014 | ) | |||||||||||
Change in net assets resulting from distributions | — | — | — | (91,906 | ) | |||||||||||
Change in net assets resulting from capital transactions | (111,716,922 | ) | 115,153,415 | (4,266,488 | ) | 2,115,676 | ||||||||||
Change in net assets | (115,339,706 | ) | 115,931,938 | (6,529,714 | ) | 8,516,792 | ||||||||||
NET ASSETS: | ||||||||||||||||
Beginning of period | 123,579,771 | 7,647,833 | 11,691,921 | 3,175,129 | ||||||||||||
End of period | $ | 8,240,065 | $ | 123,579,771 | $ | 5,162,207 | $ | 11,691,921 | ||||||||
CAPITAL TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Proceeds from shares issued | $ | 90,492,770 | $ | 280,573,254 | $ | 39,802,195 | $ | 124,798,999 | ||||||||
Distributions reinvested | — | — | — | 88,159 | ||||||||||||
Value of shares redeemed | (201,794,284 | ) | (164,973,576 | ) | (43,678,363 | ) | (123,286,657 | ) | ||||||||
Service Class | ||||||||||||||||
Proceeds from shares issued | 6,034,216 | 7,215,639 | 3,050,725 | 1,876,814 | ||||||||||||
Distributions reinvested | — | — | — | 1,014 | ||||||||||||
Value of shares redeemed | (6,449,624 | ) | (7,661,902 | ) | (3,441,045 | ) | (1,362,653 | ) | ||||||||
Change in net assets resulting from capital transactions | $ | (111,716,922 | ) | $ | 115,153,415 | $ | (4,266,488 | ) | $ | 2,115,676 | ||||||
SHARE TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Issued | 1,443,393 | 5,333,883 | 377,838 | 1,565,960 | ||||||||||||
Reinvested | — | — | — | 1,108 | ||||||||||||
Redeemed | (3,433,925 | ) | (3,429,571 | ) | (432,985 | ) | (1,507,370 | ) | ||||||||
Service Class | ||||||||||||||||
Issued | 103,802 | 185,428 | 32,664 | 24,047 | ||||||||||||
Reinvested | — | — | — | 15 | ||||||||||||
Redeemed | (110,605 | ) | (179,001 | ) | (37,365 | ) | (17,963 | ) | ||||||||
Change in shares | (1,997,335 | ) | 1,910,739 | (59,848 | ) | 65,797 |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
For the Periods Indicated :: Statements of Changes in Net Assets :: 267
Bear ProFund | Biotechnology UltraSector ProFund | Bull ProFund | ||||||||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||||||
$ | (237,455 | ) | $ | (247,805 | ) | $ | (570,798 | ) | $ | (659,727 | ) | $ | (321,043 | ) | $ | (339,991 | ) | |||||
1,653,221 | (4,865,707 | ) | (327,155 | ) | 28,187,647 | 9,484,385 | 17,478,543 | |||||||||||||||
(356,882 | ) | 125,280 | (35,768,530 | ) | 14,934,720 | (13,081,695 | ) | 736,811 | ||||||||||||||
1,058,884 | (4,988,232 | ) | (36,666,483 | ) | 42,462,640 | (3,918,353 | ) | 17,875,363 | ||||||||||||||
— | (8,361 | ) | (24,461,852 | ) | (16,545,172 | ) | (4,111,749 | ) | (3,644,966 | ) | ||||||||||||
— | — | (1,060,495 | ) | (765,227 | ) | (640,420 | ) | (317,434 | ) | |||||||||||||
— | (8,361 | ) | (25,522,347 | ) | (17,310,399 | ) | (4,752,169 | ) | (3,962,400 | ) | ||||||||||||
1,042,300 | (790,366 | ) | 12,077,394 | (45,579,819 | ) | (10,704,995 | ) | (28,237,189 | ) | |||||||||||||
2,101,184 | (5,786,959 | ) | (50,111,436 | ) | (20,427,578 | ) | (19,375,517 | ) | (14,324,226 | ) | ||||||||||||
10,588,320 | 16,375,279 | 173,637,242 | 194,064,820 | 63,212,221 | 77,536,447 | |||||||||||||||||
$ | 12,689,504 | $ | 10,588,320 | $ | 123,525,806 | $ | 173,637,242 | $ | 43,836,704 | $ | 63,212,221 | |||||||||||
$ | 243,238,270 | $ | 116,357,625 | $ | 53,884,310 | $ | 123,820,748 | $ | 435,706,892 | $ | 304,201,402 | |||||||||||
— | 8,006 | 24,133,912 | 16,351,107 | 4,061,168 | 3,627,957 | |||||||||||||||||
(242,047,163 | ) | (117,431,936 | ) | (66,434,842 | ) | (184,572,004 | ) | (455,252,220 | ) | (336,644,807 | ) | |||||||||||
3,022,768 | 2,364,479 | 2,799,362 | 1,302,267 | 139,151,281 | 46,151,147 | |||||||||||||||||
— | — | 1,056,031 | 762,453 | 640,163 | 317,410 | |||||||||||||||||
(3,171,575 | ) | (2,088,540 | ) | (3,361,379 | ) | (3,244,390 | ) | (135,012,279 | ) | (45,890,298 | ) | |||||||||||
$ | 1,042,300 | $ | (790,366 | ) | $ | 12,077,394 | $ | (45,579,819 | ) | $ | (10,704,995 | ) | $ | (28,237,189 | ) | |||||||
15,147,720 | 6,015,374 | 754,662 | 1,739,382 | 7,578,805 | 5,535,407 | |||||||||||||||||
— | 413 | 353,610 | 239,736 | 69,694 | 69,343 | |||||||||||||||||
(15,002,406 | ) | (6,096,192 | ) | (970,865 | ) | (2,608,978 | ) | (7,926,897 | ) | (6,175,466 | ) | |||||||||||
196,459 | 132,226 | 60,517 | 23,337 | 3,135,445 | 1,003,586 | |||||||||||||||||
— | — | 23,062 | 15,320 | 13,954 | 7,527 | |||||||||||||||||
(211,558 | ) | (110,578 | ) | (71,475 | ) | (61,121 | ) | (3,033,398 | ) | (1,000,346 | ) | |||||||||||
130,215 | (58,757 | ) | 149,511 | (652,324 | ) | (162,397 | ) | (559,949 | ) |
See accompanying notes to the financial statements.
268 :: Statements of Changes in Net Assets :: For the Periods Indicated
Communication Services UltraSector ProFund | Consumer Goods UltraSector ProFund | |||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||
FROM INVESTMENT ACTIVITIES: | ||||||||||||||||
OPERATIONS: | ||||||||||||||||
Net investment income (loss) | $ | (85,064 | ) | $ | (99,283 | ) | $ | (41,128 | ) | $ | (39,966 | ) | ||||
Net realized gains (losses) on investments | (2,271,704 | ) | 2,104,127 | (526,457 | ) | 2,633,244 | ||||||||||
Change in net unrealized appreciation/depreciation on investments | (2,139,970 | ) | 1,764,570 | (640,065 | ) | 685,375 | ||||||||||
Change in net assets resulting from operations | (4,496,738 | ) | 3,769,414 | (1,207,650 | ) | 3,278,653 | ||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: | ||||||||||||||||
Total distributions | ||||||||||||||||
Investor Class | (66,813 | ) | — | (450,168 | ) | — | ||||||||||
Service Class | (2,126 | ) | — | (53,182 | ) | — | ||||||||||
Change in net assets resulting from distributions | (68,939 | ) | — | (503,350 | ) | — | ||||||||||
Change in net assets resulting from capital transactions | (2,237,673 | ) | 2,022,378 | 526,052 | (5,940,619 | ) | ||||||||||
Change in net assets | (6,803,350 | ) | 5,791,792 | (1,184,948 | ) | (2,661,966 | ) | |||||||||
NET ASSETS: | ||||||||||||||||
Beginning of period | 11,532,241 | 5,740,449 | 5,391,080 | 8,053,046 | ||||||||||||
End of period | $ | 4,728,891 | $ | 11,532,241 | $ | 4,206,132 | $ | 5,391,080 | ||||||||
CAPITAL TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Proceeds from shares issued | $ | 21,709,308 | $ | 30,684,530 | $ | 32,107,879 | $ | 34,777,270 | ||||||||
Distributions reinvested | 66,334 | — | 448,589 | — | ||||||||||||
Value of shares redeemed | (24,021,105 | ) | (28,621,407 | ) | (31,947,299 | ) | (40,487,956 | ) | ||||||||
Service Class | ||||||||||||||||
Proceeds from shares issued | 1,228,263 | 1,727,101 | 2,058,523 | 1,607,150 | ||||||||||||
Distributions reinvested | 2,126 | — | 53,182 | — | ||||||||||||
Value of shares redeemed | (1,222,599 | ) | (1,767,846 | ) | (2,194,822 | ) | (1,837,083 | ) | ||||||||
Change in net assets resulting from capital transactions | $ | (2,237,673 | ) | $ | 2,022,378 | $ | 526,052 | $ | (5,940,619 | ) | ||||||
SHARE TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Issued | 163,020 | 220,261 | 344,112 | 443,836 | (a) | |||||||||||
Reinvested | 433 | — | 4,541 | — | ||||||||||||
Redeemed | (179,505 | ) | (208,067 | ) | (354,919 | ) | (518,166 | )(a) | ||||||||
Service Class | ||||||||||||||||
Issued | 11,379 | 15,664 | 25,145 | 23,213 | (a) | |||||||||||
Reinvested | 17 | — | 611 | — | ||||||||||||
Redeemed | (11,449 | ) | (15,986 | ) | (27,848 | ) | (26,403 | )(a) | ||||||||
Change in shares | (16,105 | ) | 11,872 | (8,358 | ) | (77,520 | ) |
(a) As described in Note 9, share amounts adjusted for 2:1 share split that occurred on December 14, 2020.
See accompanying notes to the financial statements.
For the Periods Indicated :: Statements of Changes in Net Assets :: 269
Consumer Services UltraSector ProFund | Europe 30 ProFund | Falling U.S. Dollar ProFund | ||||||||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||||||
$ | (426,382 | ) | $ | (738,580 | ) | $ | 63,503 | $ | 37,588 | $ | (16,196 | ) | $ | (43,958 | ) | |||||||
(4,545,460 | ) | 14,875,705 | (511,767 | ) | 249,350 | (159,080 | ) | 22,757 | ||||||||||||||
(12,029,542 | ) | 7,640,679 | (428,748 | ) | 559,801 | 2,570 | (33,499 | ) | ||||||||||||||
(17,001,384 | ) | 21,777,804 | (877,012 | ) | 846,739 | (172,706 | ) | (54,700 | ) | |||||||||||||
(5,338,495 | ) | (2,913,045 | ) | (31,302 | ) | (102,170 | ) | — | — | |||||||||||||
(112,301 | ) | (78,570 | ) | (1,712 | ) | (2,404 | ) | — | — | |||||||||||||
(5,450,796 | ) | (2,991,615 | ) | (33,014 | ) | (104,574 | ) | — | — | |||||||||||||
(24,303,568 | ) | 12,672,462 | 2,234,976 | (1,805,363 | ) | (316,417 | ) | 64,936 | ||||||||||||||
(46,755,748 | ) | 31,458,651 | 1,324,950 | (1,063,198 | ) | (489,123 | ) | 10,236 | ||||||||||||||
77,880,794 | 46,422,143 | 3,401,961 | 4,465,159 | 1,242,228 | 1,231,992 | |||||||||||||||||
$ | 31,125,046 | $ | 77,880,794 | $ | 4,726,911 | $ | 3,401,961 | $ | 753,105 | $ | 1,242,228 | |||||||||||
$ | 31,412,863 | $ | 146,724,624 | $ | 37,081,631 | $ | 22,992,718 | $ | 4,681,183 | $ | 11,381,120 | |||||||||||
5,261,674 | 2,898,482 | 28,658 | 101,979 | — | — | |||||||||||||||||
(60,440,624 | ) | (136,473,754 | ) | (34,942,952 | ) | (24,876,373 | ) | (4,998,579 | ) | (11,312,004 | ) | |||||||||||
990,175 | 1,575,841 | 2,814,803 | 913,765 | 2,522 | 4,059,152 | |||||||||||||||||
112,301 | 78,414 | 1,712 | 2,404 | — | — | |||||||||||||||||
(1,639,957 | ) | (2,131,145 | ) | (2,748,876 | ) | (939,856 | ) | (1,543 | ) | (4,063,332 | ) | |||||||||||
$ | (24,303,568 | ) | $ | 12,672,462 | $ | 2,234,976 | $ | (1,805,363 | ) | $ | (316,417 | ) | $ | 64,936 | ||||||||
466,553 | 2,376,488 | 2,656,136 | 1,869,763 | 310,415 | 687,121 | |||||||||||||||||
77,298 | 45,566 | 2,086 | 8,761 | — | — | |||||||||||||||||
(926,679 | ) | (2,202,674 | ) | (2,536,774 | ) | (2,044,946 | ) | (332,502 | ) | (685,648 | ) | |||||||||||
25,943 | 30,126 | 184,965 | 67,846 | 185 | 268,443 | |||||||||||||||||
2,014 | 1,465 | 114 | 188 | — | — | |||||||||||||||||
(37,670 | ) | (40,084 | ) | (185,719 | ) | (67,506 | ) | (108 | ) | (268,439 | ) | |||||||||||
(392,541 | ) | 210,887 | 120,808 | (165,894 | ) | (22,010 | ) | 1,477 |
See accompanying notes to the financial statements.
270 :: Statements of Changes in Net Assets :: For the Periods Indicated
Financials UltraSector ProFund | Health Care UltraSector ProFund | |||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||
FROM INVESTMENT ACTIVITIES: | ||||||||||||||||
OPERATIONS: | ||||||||||||||||
Net investment income (loss) | $ | (56,960 | ) | $ | (63,122 | ) | $ | (129,889 | ) | $ | (133,824 | ) | ||||
Net realized gains (losses) on investments | 17,388 | 5,481,312 | (2,466,867 | ) | 4,709,549 | |||||||||||
Change in net unrealized appreciation/depreciation on investments | (985,520 | ) | 1,733,614 | (760,078 | ) | 1,920,994 | ||||||||||
Change in net assets resulting from operations | (1,025,092 | ) | 7,151,804 | (3,356,834 | ) | 6,496,719 | ||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: | ||||||||||||||||
Total distributions | ||||||||||||||||
Investor Class | (822,915 | ) | — | — | — | |||||||||||
Service Class | (56,266 | ) | — | — | — | |||||||||||
Change in net assets resulting from distributions | (879,181 | ) | — | — | — | |||||||||||
Change in net assets resulting from capital transactions | (4,524,367 | ) | 340,974 | (20,903,675 | ) | (11,713,738 | ) | |||||||||
Change in net assets | (6,428,640 | ) | 7,492,778 | (24,260,509 | ) | (5,217,019 | ) | |||||||||
NET ASSETS: | ||||||||||||||||
Beginning of period | 12,174,878 | 4,682,100 | 41,966,467 | 47,183,486 | ||||||||||||
End of period | $ | 5,746,238 | $ | 12,174,878 | $ | 17,705,958 | $ | 41,966,467 | ||||||||
CAPITAL TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Proceeds from shares issued | $ | 67,906,088 | $ | 122,690,571 | $ | 70,899,826 | $ | 76,399,030 | ||||||||
Distributions reinvested | 802,425 | — | — | — | ||||||||||||
Value of shares redeemed | (73,248,031 | ) | (122,326,144 | ) | (91,747,574 | ) | (87,769,493 | ) | ||||||||
Service Class | ||||||||||||||||
Proceeds from shares issued | 2,702,416 | 1,806,419 | 2,583,207 | 810,998 | ||||||||||||
Distributions reinvested | 56,266 | — | — | — | ||||||||||||
Value of shares redeemed | (2,743,531 | ) | (1,829,872 | ) | (2,639,134 | ) | (1,154,273 | ) | ||||||||
Change in net assets resulting from capital transactions | $ | (4,524,367 | ) | $ | 340,974 | $ | (20,903,675 | ) | $ | (11,713,738 | ) | |||||
SHARE TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Issued | 2,008,437 | 4,796,582 | 670,839 | 855,457 | ||||||||||||
Reinvested | 24,554 | — | — | — | ||||||||||||
Redeemed | (2,188,184 | ) | (4,669,063 | ) | (888,623 | ) | (1,080,144 | ) | ||||||||
Service Class | ||||||||||||||||
Issued | 99,887 | 72,693 | 31,502 | 11,846 | ||||||||||||
Reinvested | 2,082 | — | — | — | ||||||||||||
Redeemed | (102,110 | ) | (75,520 | ) | (32,198 | ) | (16,776 | ) | ||||||||
Change in shares | (155,334 | ) | 124,692 | (218,480 | ) | (229,617 | ) |
(a) As described in Note 9, share amounts have been adjusted for 2:1 share split that occurred on December 14, 2020
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
For the Periods Indicated :: Statements of Changes in Net Assets :: 271
Industrials UltraSector ProFund | Internet UltraSector ProFund | Large-Cap Growth ProFund | ||||||||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||||||
$ | (79,723 | ) | $ | (118,401 | ) | $ | (2,112,005 | ) | $ | (3,029,477 | ) | $ | (217,818 | ) | $ | (241,301 | ) | |||||
263,254 | 3,836,092 | (45,100,341 | ) | 69,765,385 | 853,623 | 14,950,282 | ||||||||||||||||
(2,046,399 | ) | 1,992,842 | (74,447,572 | ) | 10,313,693 | (4,926,044 | ) | (7,007,476 | ) | |||||||||||||
(1,862,868 | ) | 5,710,533 | (121,659,918 | ) | 77,049,601 | (4,290,239 | ) | 7,701,505 | ||||||||||||||
(417,972 | ) | — | (28,829,556 | ) | (37,381,436 | ) | (278,284 | ) | (1,318,577 | ) | ||||||||||||
(21,331 | ) | — | (1,913,919 | ) | (2,479,730 | ) | (28,411 | ) | (82,914 | ) | ||||||||||||
(439,303 | ) | — | (30,743,475 | ) | (39,861,166 | ) | (306,695 | ) | (1,401,491 | ) | ||||||||||||
(13,834,107 | ) | 9,796,775 | (6,097,823 | ) | (14,417,308 | ) | (15,996,675 | ) | (24,583,262 | ) | ||||||||||||
(16,136,278 | ) | 15,507,308 | (158,501,216 | ) | 22,771,127 | (20,593,609 | ) | (18,283,248 | ) | |||||||||||||
19,766,077 | 4,258,769 | 238,905,665 | 216,134,538 | 32,875,769 | 51,159,017 | |||||||||||||||||
$ | 3,629,799 | $ | 19,766,077 | $ | 80,404,449 | $ | 238,905,665 | $ | 12,282,160 | $ | 32,875,769 | |||||||||||
$ | 27,401,808 | $ | 92,399,594 | $ | 47,008,528 | $ | 104,071,703 | $ | 215,459,913 | $ | 128,843,291 | |||||||||||
416,218 | — | 27,942,720 | 36,225,101 | 277,750 | 1,312,076 | |||||||||||||||||
(41,632,290 | ) | (82,571,592 | ) | (78,094,789 | ) | (157,879,360 | ) | (231,726,840 | ) | (154,858,369 | ) | |||||||||||
800,751 | 2,865,454 | 3,434,689 | 7,743,927 | 977,922 | 2,025,910 | |||||||||||||||||
21,331 | — | 1,913,919 | 2,479,730 | 28,411 | 82,913 | |||||||||||||||||
(841,925 | ) | (2,896,681 | ) | (8,302,890 | ) | (7,058,409 | ) | (1,013,831 | ) | (1,989,083 | ) | |||||||||||
$ | (13,834,107 | ) | $ | 9,796,775 | $ | (6,097,823 | ) | $ | (14,417,308 | ) | $ | (15,996,675 | ) | $ | (24,583,262 | ) | ||||||
469,698 | 1,812,264 | 1,033,179 | 1,438,627 | (a) | 1,496,142 | 1,013,486 | ||||||||||||||||
7,223 | — | 458,905 | 523,938 | 1,741 | 10,730 | |||||||||||||||||
(722,499 | ) | (1,605,598 | ) | (1,624,493 | ) | (2,261,094 | )(a) | (1,627,412 | ) | (1,257,323 | ) | |||||||||||
16,174 | 66,083 | 129,277 | 140,132 | (a) | 8,190 | 20,130 | ||||||||||||||||
437 | — | 47,896 | 50,207 | 222 | 833 | |||||||||||||||||
(17,338 | ) | (65,504 | ) | (232,375 | ) | (135,100 | )(a) | (8,872 | ) | (19,559 | ) | |||||||||||
(246,305 | ) | 207,245 | (187,611 | ) | (243,290 | ) | (129,989 | ) | (231,703 | ) |
See accompanying notes to the financial statements.
272 :: Statements of Changes in Net Assets :: For the Periods Indicated
Large-Cap Value ProFund | Mid-Cap Growth ProFund | |||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||
FROM INVESTMENT ACTIVITIES: | ||||||||||||||||
OPERATIONS: | ||||||||||||||||
Net investment income (loss) | $ | 46,787 | $ | 42,640 | $ | (52,714 | ) | $ | (157,035 | ) | ||||||
Net realized gains (losses) on investments | (1,499,883 | ) | 444,719 | 761,142 | 9,710,631 | |||||||||||
Change in net unrealized appreciation/depreciation on investments | 161,787 | 1,074,718 | (1,262,045 | ) | (1,694,970 | ) | ||||||||||
Change in net assets resulting from operations | (1,291,309 | ) | 1,562,077 | (553,617 | ) | 7,858,626 | ||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: | ||||||||||||||||
Total distributions | ||||||||||||||||
Investor Class | (54,514 | ) | — | (754,907 | ) | (900,289 | ) | |||||||||
Service Class | — | — | (195,807 | ) | (23,485 | ) | ||||||||||
Change in net assets resulting from distributions | (54,514 | ) | — | (950,714 | ) | (923,774 | ) | |||||||||
Change in net assets resulting from capital transactions | 15,135,985 | (1,497,561 | ) | 232,604 | (41,428,888 | ) | ||||||||||
Change in net assets | 13,790,162 | 64,516 | (1,271,727 | ) | (34,494,036 | ) | ||||||||||
NET ASSETS: | ||||||||||||||||
Beginning of period | 6,189,358 | 6,124,842 | 4,501,232 | 38,995,268 | ||||||||||||
End of period | $ | 19,979,520 | $ | 6,189,358 | $ | 3,229,505 | $ | 4,501,232 | ||||||||
CAPITAL TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Proceeds from shares issued | $ | 196,660,120 | $ | 71,075,799 | $ | 7,199,107 | $ | 48,789,648 | ||||||||
Distributions reinvested | 53,624 | — | 734,376 | 897,373 | ||||||||||||
Value of shares redeemed | (181,574,471 | ) | (72,513,348 | ) | (7,743,636 | ) | (90,908,578 | ) | ||||||||
Service Class | ||||||||||||||||
Proceeds from shares issued | 2,690,642 | 2,531,629 | 93,641 | 780,534 | ||||||||||||
Distributions reinvested | — | — | 195,807 | 23,485 | ||||||||||||
Value of shares redeemed | (2,693,930 | ) | (2,591,641 | ) | (246,691 | ) | (1,011,350 | ) | ||||||||
Change in net assets resulting from capital transactions | $ | 15,135,985 | $ | (1,497,561 | ) | $ | 232,604 | $ | (41,428,888 | ) | ||||||
SHARE TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Issued | 2,295,124 | 920,150 | 66,311 | 460,702 | ||||||||||||
Reinvested | 605 | — | 7,133 | 7,893 | ||||||||||||
Redeemed | (2,126,135 | ) | (943,098 | ) | (71,821 | ) | (833,624 | ) | ||||||||
Service Class | ||||||||||||||||
Issued | 36,280 | 37,174 | 1,160 | 7,750 | ||||||||||||
Reinvested | — | — | 2,512 | 253 | ||||||||||||
Redeemed | (36,578 | ) | (37,445 | ) | (3,351 | ) | (10,249 | ) | ||||||||
Change in shares | 169,296 | (23,219 | ) | 1,944 | (367,275 | ) |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
For the Periods Indicated :: Statements of Changes in Net Assets :: 273
Mid-Cap ProFund | Mid-Cap Value ProFund | Nasdaq-100 ProFund | ||||||||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||||||
$ | (58,056 | ) | $ | (94,017 | ) | $ | 10,992 | $ | 2,397 | $ | (1,287,510 | ) | $ | (1,440,710 | ) | |||||||
400,144 | 2,291,576 | (127,566 | ) | 1,354,027 | 7,131,245 | 49,548,419 | ||||||||||||||||
(992,443 | ) | 744,330 | 160,874 | 1,227,070 | (19,248,560 | ) | (1,140,246 | ) | ||||||||||||||
(650,355 | ) | 2,941,889 | 44,300 | 2,583,494 | (13,404,825 | ) | 46,967,463 | |||||||||||||||
(195,168 | ) | (11,749 | ) | (42,506 | ) | (10,633 | ) | (3,999,176 | ) | (1,699,607 | ) | |||||||||||
(22,254 | ) | (2,036 | ) | (7,667 | ) | — | (342,038 | ) | (140,663 | ) | ||||||||||||
(217,422 | ) | (13,785 | ) | (50,173 | ) | (10,633 | ) | (4,341,214 | ) | (1,840,270 | ) | |||||||||||
(2,246,569 | ) | (676,065 | ) | 16,861,257 | (1,674,193 | ) | (87,693,213 | ) | (1,387,478 | ) | ||||||||||||
(3,114,346 | ) | 2,252,039 | 16,855,384 | 898,668 | (105,439,252 | ) | 43,739,715 | |||||||||||||||
7,014,635 | 4,762,596 | 5,504,898 | 4,606,230 | 160,785,238 | 117,045,523 | |||||||||||||||||
$ | 3,900,289 | $ | 7,014,635 | $ | 22,360,282 | $ | 5,504,898 | $ | 55,345,986 | $ | 160,785,238 | |||||||||||
$ | 17,510,158 | $ | 28,832,033 | $ | 73,903,448 | $ | 52,039,590 | $ | 3,463,415,263 | $ | 2,010,517,783 | |||||||||||
120,731 | 11,464 | 42,417 | 10,512 | 3,780,484 | 1,622,688 | |||||||||||||||||
(19,947,769 | ) | (29,590,660 | ) | (57,086,904 | ) | (53,728,467 | ) | (3,556,167,221 | ) | (2,010,283,479 | ) | |||||||||||
120,057 | 9,993,910 | 2,162,554 | 1,058,114 | 53,199,888 | 36,545,794 | |||||||||||||||||
22,254 | 2,036 | 7,667 | — | 342,038 | 140,552 | |||||||||||||||||
(72,000 | ) | (9,924,848 | ) | (2,167,925 | ) | (1,053,942 | ) | (52,263,665 | ) | (39,930,816 | ) | |||||||||||
$ | (2,246,569 | ) | $ | (676,065 | ) | $ | 16,861,257 | $ | (1,674,193 | ) | $ | (87,693,213 | ) | $ | (1,387,478 | ) | ||||||
154,475 | 285,432 | 784,052 | 644,678 | 27,689,914 | 16,905,892 | |||||||||||||||||
1,072 | 139 | 433 | 133 | 25,728 | 13,605 | |||||||||||||||||
(180,045 | ) | (284,137 | ) | (602,063 | ) | (661,236 | ) | (28,396,858 | ) | (16,860,603 | ) | |||||||||||
1,407 | 111,497 | 28,513 | 13,861 | 563,395 | 370,016 | |||||||||||||||||
248 | 30 | 98 | — | 2,947 | 1,468 | |||||||||||||||||
(811 | ) | (111,221 | ) | (28,653 | ) | (13,685 | ) | (556,568 | ) | (404,105 | ) | |||||||||||
(23,654 | ) | 1,740 | 182,380 | (16,249 | ) | (671,442 | ) | 26,273 |
See accompanying notes to the financial statements.
274 :: Statements of Changes in Net Assets :: For the Periods Indicated
Oil & Gas UltraSector ProFund | Oil Equipment & Services UltraSector ProFund | |||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||
FROM INVESTMENT ACTIVITIES: | ||||||||||||||||
OPERATIONS: | ||||||||||||||||
Net investment income (loss) | $ | 577,339 | $ | 283,287 | $ | (160,301 | ) | $ | (161,626 | ) | ||||||
Net realized gains (losses) on investments | 7,460,614 | 1,997,497 | (466,312 | ) | (5,734,702 | ) | ||||||||||
Change in net unrealized appreciation/depreciation on investments | 13,388,753 | 5,231,581 | 1,398,731 | 3,732,324 | ||||||||||||
Change in net assets resulting from operations | 21,426,706 | 7,512,365 | 772,118 | (2,164,004 | ) | |||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: | ||||||||||||||||
Total distributions | ||||||||||||||||
Investor Class | (414,015 | ) | (215,825 | ) | — | (17,573 | ) | |||||||||
Service Class | (13,283 | ) | (11,849 | ) | — | — | ||||||||||
Change in net assets resulting from distributions | (427,298 | ) | (227,674 | ) | — | (17,573 | ) | |||||||||
Change in net assets resulting from capital transactions | (7,108,958 | ) | 11,693,861 | (2,355,793 | ) | 8,271,097 | ||||||||||
Change in net assets | 13,890,450 | 18,978,552 | (1,583,675 | ) | 6,089,520 | |||||||||||
NET ASSETS: | ||||||||||||||||
Beginning of period | 31,148,210 | 12,169,658 | 15,850,499 | 9,760,979 | ||||||||||||
End of period | $ | 45,038,660 | $ | 31,148,210 | $ | 14,266,824 | $ | 15,850,499 | ||||||||
CAPITAL TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Proceeds from shares issued | $ | 188,690,403 | $ | 152,137,320 | $ | 101,297,538 | $ | 213,228,688 | ||||||||
Distributions reinvested | 386,402 | 213,432 | — | 17,324 | ||||||||||||
Value of shares redeemed | (195,583,169 | ) | (141,055,955 | ) | (105,344,675 | ) | (204,879,642 | ) | ||||||||
Service Class | ||||||||||||||||
Proceeds from shares issued | 13,136,042 | 4,492,764 | 24,372,537 | 4,404,406 | ||||||||||||
Distributions reinvested | 13,258 | 11,844 | — | — | ||||||||||||
Value of shares redeemed | (13,751,894 | ) | (4,105,544 | ) | (22,681,193 | ) | (4,499,679 | ) | ||||||||
Change in net assets resulting from capital transactions | $ | (7,108,958 | ) | $ | 11,693,861 | $ | (2,355,793 | ) | $ | 8,271,097 | ||||||
SHARE TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Issued | 6,281,182 | 9,020,144 | 1,351,642 | 3,646,596 | (a) | |||||||||||
Reinvested | 16,727 | 16,317 | — | 349 | ||||||||||||
Redeemed | (6,718,207 | ) | (8,462,784 | ) | (1,430,929 | ) | (3,657,117 | )(a) | ||||||||
Service Class | ||||||||||||||||
Issued | 479,881 | 318,482 | 335,521 | 89,261 | (a) | |||||||||||
Reinvested | 671 | 1,056 | — | — | ||||||||||||
Redeemed | (494,893 | ) | (295,922 | ) | (328,597 | ) | (88,700 | )(a) | ||||||||
Change in shares | (434,639 | ) | 597,293 | (72,363 | ) | (9,611 | ) |
(a) As described in Note 9, share amounts have been adjusted for 1:4 reverse share split that occurred on December 14, 2020.
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
For the Periods Indicated :: Statements of Changes in Net Assets :: 275
Pharmaceuticals UltraSector ProFund | Precious Metals UltraSector ProFund | Real Estate UltraSector ProFund | ||||||||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||||||
$ | (14,120 | ) | $ | (16,572 | ) | $ | 72,320 | $ | (162,412 | ) | $ | (198,046 | ) | $ | (34,383 | ) | ||||||
107,867 | 1,659,695 | (4,277,062 | ) | (5,264,677 | ) | 252,022 | 2,364,581 | |||||||||||||||
165,151 | (500,021 | ) | (7,386,293 | ) | (7,855,497 | ) | (938,380 | ) | 1,503,506 | |||||||||||||
258,898 | 1,143,102 | (11,591,035 | ) | (13,282,586 | ) | (884,404 | ) | 3,833,704 | ||||||||||||||
(170,180 | ) | (15,009 | ) | — | — | (3,139,295 | ) | — | ||||||||||||||
(16,100 | ) | (1,611 | ) | — | — | (132,185 | ) | — | ||||||||||||||
(186,280 | ) | (16,620 | ) | — | — | (3,271,480 | ) | — | ||||||||||||||
(235,100 | ) | (882,743 | ) | (6,178,391 | ) | 5,646,771 | (24,357,633 | ) | 26,674,837 | |||||||||||||
(162,482 | ) | 243,739 | (17,769,426 | ) | (7,635,815 | ) | (28,513,517 | ) | 30,508,541 | |||||||||||||
4,279,370 | 4,035,631 | 37,505,388 | 45,141,203 | 35,840,678 | 5,332,137 | |||||||||||||||||
$ | 4,116,888 | $ | 4,279,370 | $ | 19,735,962 | $ | 37,505,388 | $ | 7,327,161 | $ | 35,840,678 | |||||||||||
$ | 25,111,931 | $ | 10,153,624 | $ | 204,035,657 | $ | 252,174,845 | $ | 199,456,267 | $ | 68,460,665 | |||||||||||
170,163 | 15,008 | — | — | 3,097,248 | — | |||||||||||||||||
(25,565,704 | ) | (10,985,357 | ) | (210,692,141 | ) | (247,454,352 | ) | (226,656,434 | ) | (42,180,568 | ) | |||||||||||
2,971,620 | 693,776 | 8,733,110 | 11,017,939 | 3,291,269 | 2,743,120 | |||||||||||||||||
16,100 | 1,611 | — | — | 132,152 | — | |||||||||||||||||
(2,939,210 | ) | (761,405 | ) | (8,255,017 | ) | (10,091,661 | ) | (3,678,135 | ) | (2,348,380 | ) | |||||||||||
$ | (235,100 | ) | $ | (882,743 | ) | $ | (6,178,391 | ) | $ | 5,646,771 | $ | (24,357,633 | ) | $ | 26,674,837 | |||||||
854,563 | 372,316 | 3,532,959 | 3,550,180 | 3,205,846 | 1,238,738 | |||||||||||||||||
5,625 | 558 | — | — | 51,057 | — | |||||||||||||||||
(857,151 | ) | (406,076 | ) | (3,620,692 | ) | (3,489,753 | ) | (3,675,854 | ) | (803,514 | ) | |||||||||||
119,145 | 29,385 | 170,642 | 185,237 | 60,570 | 53,496 | |||||||||||||||||
632 | 70 | — | — | 2,343 | — | |||||||||||||||||
(120,029 | ) | (32,423 | ) | (164,414 | ) | (173,916 | ) | (67,790 | ) | (45,767 | ) | |||||||||||
2,785 | (36,170 | ) | (81,505 | ) | 71,748 | (423,828 | ) | 442,953 |
See accompanying notes to the financial statements.
276 :: Statements of Changes in Net Assets :: For the Periods Indicated
Rising Rates Opportunity ProFund | Rising Rates Opportunity 10 ProFund | |||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||
FROM INVESTMENT ACTIVITIES: | ||||||||||||||||
OPERATIONS: | ||||||||||||||||
Net investment income (loss) | $ | (244,631 | ) | $ | (236,430 | ) | $ | (48,707 | ) | $ | (40,989 | ) | ||||
Net realized gains (losses) on investments | 4,136,521 | 101,722 | 444,055 | 73,938 | ||||||||||||
Change in net unrealized appreciation/depreciation on investments | (370,622 | ) | 128,697 | (108,452 | ) | 2,798 | ||||||||||
Change in net assets resulting from operations | 3,521,268 | (6,011 | ) | 286,896 | 35,747 | |||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: | ||||||||||||||||
Total distributions | ||||||||||||||||
Investor Class | — | — | — | — | ||||||||||||
Service Class | — | — | — | — | ||||||||||||
Change in net assets resulting from distributions | — | — | — | — | ||||||||||||
Change in net assets resulting from capital transactions | 32,754,027 | 3,585,749 | 1,454,648 | 61,539 | ||||||||||||
Change in net assets | 36,275,295 | 3,579,738 | 1,741,544 | 97,286 | ||||||||||||
NET ASSETS: | ||||||||||||||||
Beginning of period | 9,771,689 | 6,191,951 | 1,953,050 | 1,855,764 | ||||||||||||
End of period | $ | 46,046,984 | $ | 9,771,689 | $ | 3,694,594 | $ | 1,953,050 | ||||||||
CAPITAL TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Proceeds from shares issued | $ | 245,857,183 | $ | 134,223,972 | $ | 12,358,003 | $ | 5,216,759 | ||||||||
Distributions reinvested | — | — | — | — | ||||||||||||
Value of shares redeemed | (213,415,352 | ) | (131,094,860 | ) | (11,558,312 | ) | (5,195,276 | ) | ||||||||
Service Class | ||||||||||||||||
Proceeds from shares issued | 5,113,630 | 6,590,619 | 1,333,246 | 116,437 | ||||||||||||
Distributions reinvested | — | — | — | — | ||||||||||||
Value of shares redeemed | (4,801,434 | ) | (6,133,982 | ) | (678,289 | ) | (76,381 | ) | ||||||||
Change in net assets resulting from capital transactions | $ | 32,754,027 | $ | 3,585,749 | $ | 1,454,648 | $ | 61,539 | ||||||||
SHARE TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Issued | 8,709,150 | 5,135,728 | 931,791 | 414,124 | ||||||||||||
Reinvested | — | — | — | — | ||||||||||||
Redeemed | (7,641,952 | ) | (5,055,063 | ) | (862,453 | ) | (412,947 | ) | ||||||||
Service Class | ||||||||||||||||
Issued | 180,655 | 293,780 | 106,614 | 9,910 | ||||||||||||
Reinvested | — | — | — | — | ||||||||||||
Redeemed | (168,491 | ) | (267,583 | ) | (55,153 | ) | (6,591 | ) | ||||||||
Change in shares | 1,079,362 | 106,862 | 120,799 | 4,496 |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
For the Periods Indicated :: Statements of Changes in Net Assets :: 277
Rising U.S. Dollar ProFund | Semiconductor UltraSector ProFund | Short Nasdaq-100 ProFund | ||||||||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||||||
$ | (257,726 | ) | $ | (117,538 | ) | $ | (602,942 | ) | $ | (566,220 | ) | $ | (261,290 | ) | $ | (114,479 | ) | |||||
2,442,866 | (356,187 | ) | (19,937,542 | ) | 28,513,176 | 2,237,013 | 3,006,226 | |||||||||||||||
(569,212 | ) | 257,620 | (6,515,813 | ) | 21,637,958 | (2,244,459 | ) | 592,355 | ||||||||||||||
1,615,928 | (216,105 | ) | (27,056,297 | ) | 49,584,914 | (268,736 | ) | 3,484,102 | ||||||||||||||
— | — | (5,771,185 | ) | — | — | — | ||||||||||||||||
— | — | (383,586 | ) | — | — | — | ||||||||||||||||
— | — | (6,154,771 | ) | — | — | — | ||||||||||||||||
38,944,514 | (793,351 | ) | 16,556,209 | (17,905,379 | ) | 78,431,341 | (4,329,078 | ) | ||||||||||||||
40,560,442 | (1,009,456 | ) | (16,654,859 | ) | 31,679,535 | 78,162,605 | (844,976 | ) | ||||||||||||||
6,316,434 | 7,325,890 | 85,221,256 | 53,541,721 | 1,874,905 | 2,719,881 | |||||||||||||||||
$ | 46,876,876 | $ | 6,316,434 | $ | 68,566,397 | $ | 85,221,256 | $ | 80,037,510 | $ | 1,874,905 | |||||||||||
$ | 94,416,418 | $ | 14,185,594 | $ | 227,368,001 | $ | 159,232,200 | $ | 2,387,770,240 | $ | 833,805,013 | |||||||||||
— | — | 5,744,467 | — | — | — | |||||||||||||||||
(55,603,921 | ) | (14,970,784 | ) | (217,121,980 | ) | (178,183,076 | ) | (2,309,519,120 | ) | (837,987,668 | ) | |||||||||||
2,883,977 | — | 14,011,667 | 8,845,484 | 2,861,814 | 3,638,593 | |||||||||||||||||
— | — | 379,701 | — | — | — | |||||||||||||||||
(2,751,960 | ) | (8,161 | ) | (13,825,647 | ) | (7,799,987 | ) | (2,681,593 | ) | (3,785,016 | ) | |||||||||||
$ | 38,944,514 | $ | (793,351 | ) | $ | 16,556,209 | $ | (17,905,379 | ) | $ | 78,431,341 | $ | (4,329,078 | ) | ||||||||
3,178,922 | 520,033 | 1,826,208 | 1,796,418 | 163,082,891 | 48,540,893 | |||||||||||||||||
— | — | 37,011 | — | — | — | |||||||||||||||||
(1,886,060 | ) | (548,886 | ) | (1,847,392 | ) | (1,927,664 | ) | (157,816,792 | ) | (48,532,441 | ) | |||||||||||
112,114 | — | 167,222 | 119,946 | 200,154 | 231,819 | |||||||||||||||||
— | — | 3,306 | — | — | — | |||||||||||||||||
(107,440 | ) | (339 | ) | (168,716 | ) | (104,696 | ) | (190,301 | ) | (240,186 | ) | |||||||||||
1,297,536 | (29,192 | ) | 17,639 | (115,996 | ) | 5,275,952 | 85 |
See accompanying notes to the financial statements.
278 :: Statements of Changes in Net Assets :: For the Periods Indicated
Short Oil & Gas ProFund | Short Precious Metals ProFund | |||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||
FROM INVESTMENT ACTIVITIES: | ||||||||||||||||
OPERATIONS: | ||||||||||||||||
Net investment income (loss) | $ | (18,466 | ) | $ | (32,652 | ) | $ | (45,436 | ) | $ | (39,426 | ) | ||||
Net realized gains (losses) on investments | (432,529 | ) | (568,825 | ) | 1,287,502 | 508,774 | ||||||||||
Change in net unrealized appreciation/depreciation on investments | (169,544 | ) | (134,116 | ) | (116,521 | ) | (33,382 | ) | ||||||||
Change in net assets resulting from operations | (620,539 | ) | (735,593 | ) | 1,125,545 | 435,966 | ||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: | ||||||||||||||||
Total distributions | ||||||||||||||||
Investor Class | — | — | — | — | ||||||||||||
Service Class | — | — | — | — | ||||||||||||
Change in net assets resulting from distributions | — | — | — | — | ||||||||||||
Change in net assets resulting from capital transactions | 2,324,899 | (1,657,382 | ) | (1,195,010 | ) | 92,950 | ||||||||||
Change in net assets | 1,704,360 | (2,392,975 | ) | (69,465 | ) | 528,916 | ||||||||||
NET ASSETS: | ||||||||||||||||
Beginning of period | 442,787 | 2,835,762 | 2,158,391 | 1,629,475 | ||||||||||||
End of period | $ | 2,147,147 | $ | 442,787 | $ | 2,088,926 | $ | 2,158,391 | ||||||||
CAPITAL TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Proceeds from shares issued | $ | 38,986,646 | $ | 48,070,943 | $ | 94,308,665 | $ | 76,406,693 | ||||||||
Distributions reinvested | — | — | — | — | ||||||||||||
Value of shares redeemed | (36,653,630 | ) | (49,743,506 | ) | (95,498,386 | ) | (76,256,193 | ) | ||||||||
Service Class | ||||||||||||||||
Proceeds from shares issued | 823,198 | 903,228 | 348,721 | 204,810 | ||||||||||||
Distributions reinvested | — | — | — | — | ||||||||||||
Value of shares redeemed | (831,315 | ) | (888,047 | ) | (354,010 | ) | (262,360 | ) | ||||||||
Change in net assets resulting from capital transactions | $ | 2,324,899 | $ | (1,657,382 | ) | $ | (1,195,010 | ) | $ | 92,950 | ||||||
SHARE TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Issued | 1,646,654 | 1,133,846 | 6,232,437 | 4,972,462 | ||||||||||||
Reinvested | — | — | — | — | ||||||||||||
Redeemed | (1,537,892 | ) | (1,171,282 | ) | (6,258,255 | ) | (4,935,534 | ) | ||||||||
Service Class | ||||||||||||||||
Issued | 35,451 | 22,237 | 23,584 | 14,100 | ||||||||||||
Reinvested | — | — | — | — | ||||||||||||
Redeemed | (35,499 | ) | (22,026 | ) | (23,588 | ) | (17,670 | ) | ||||||||
Change in shares | 108,714 | (37,225 | ) | (25,822 | ) | 33,358 |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
For the Periods Indicated :: Statements of Changes in Net Assets :: 279
Short Real Estate ProFund | Short Small-Cap ProFund | Small-Cap Growth ProFund | ||||||||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||||||
$ | (9,301 | ) | $ | (17,896 | ) | $ | (67,280 | ) | $ | (27,237 | ) | $ | (64,260 | ) | $ | (126,024 | ) | |||||
(7,575 | ) | (317,484 | ) | (1,121,763 | ) | (937,196 | ) | 972,387 | 4,759,076 | |||||||||||||
(100,431 | ) | 58,558 | (55,529 | ) | 6,386 | (2,135,611 | ) | 1,498,090 | ||||||||||||||
(117,307 | ) | (276,822 | ) | (1,244,572 | ) | (958,047 | ) | (1,227,484 | ) | 6,131,142 | ||||||||||||
— | — | — | — | (474,548 | ) | — | ||||||||||||||||
— | — | — | — | (82,692 | ) | — | ||||||||||||||||
— | — | — | — | (557,240 | ) | — | ||||||||||||||||
1,477,009 | (933,675 | ) | 1,705,984 | 235,709 | 2,711,131 | (4,885,876 | ) | |||||||||||||||
1,359,702 | (1,210,497 | ) | 461,412 | (722,338 | ) | 926,407 | 1,245,266 | |||||||||||||||
529,479 | 1,739,976 | 1,112,473 | 1,834,811 | 9,895,094 | 8,649,828 | |||||||||||||||||
$ | 1,889,181 | $ | 529,479 | $ | 1,573,885 | $ | 1,112,473 | $ | 10,821,501 | $ | 9,895,094 | |||||||||||
$ | 12,265,248 | $ | 12,975,678 | $ | 241,408,430 | $ | 70,896,851 | $ | 31,765,935 | $ | 94,976,082 | |||||||||||
— | — | — | — | 471,116 | — | |||||||||||||||||
(10,788,221 | ) | (13,909,828 | ) | (239,845,757 | ) | (70,665,699 | ) | (30,129,975 | ) | (99,601,033 | ) | |||||||||||
52 | 9,000 | 392,452 | 6,638 | 832,981 | 1,118,246 | |||||||||||||||||
— | — | — | — | 82,692 | — | |||||||||||||||||
(70 | ) | (8,525 | ) | (249,141 | ) | (2,081 | ) | (311,618 | ) | (1,379,171 | ) | |||||||||||
$ | 1,477,009 | $ | (933,675 | ) | $ | 1,705,984 | $ | 235,709 | $ | 2,711,131 | $ | (4,885,876 | ) | |||||||||
1,478,673 | 1,262,562 | 34,002,686 | 8,820,499 | 316,193 | 860,093 | |||||||||||||||||
— | — | — | — | 4,002 | — | |||||||||||||||||
(1,310,004 | ) | (1,349,870 | ) | (33,968,955 | ) | (8,821,413 | ) | (298,244 | ) | (879,712 | ) | |||||||||||
7 | 948 | 51,682 | 847 | 10,390 | 11,578 | |||||||||||||||||
— | — | — | — | 902 | — | |||||||||||||||||
(10 | ) | (887 | ) | (32,024 | ) | (213 | ) | (3,962 | ) | (14,579 | ) | |||||||||||
168,666 | (87,247 | ) | 53,389 | (280 | ) | 29,281 | (22,620 | ) |
See accompanying notes to the financial statements.
280 :: Statements of Changes in Net Assets :: For the Periods Indicated
Small-Cap ProFund | Small-Cap Value ProFund | |||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||
FROM INVESTMENT ACTIVITIES: | ||||||||||||||||
OPERATIONS: | ||||||||||||||||
Net investment income (loss) | $ | (69,990 | ) | $ | (107,241 | ) | $ | (11,483 | ) | $ | 7,179 | |||||
Net realized gains (losses) on investments | 599,577 | 1,722,380 | 602,889 | 1,345,729 | ||||||||||||
Change in net unrealized appreciation/depreciation on investments | (435,645 | ) | 744,635 | (1,858,027 | ) | 3,517,472 | ||||||||||
Change in net assets resulting from operations | 93,942 | 2,359,774 | (1,266,621 | ) | 4,870,380 | |||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: | ||||||||||||||||
Total distributions | ||||||||||||||||
Investor Class | — | — | (23,714 | ) | — | |||||||||||
Service Class | — | — | — | — | ||||||||||||
Change in net assets resulting from distributions | — | — | (23,714 | ) | — | |||||||||||
Change in net assets resulting from capital transactions | (7,055,324 | ) | 4,281,848 | (5,023,667 | ) | 6,123,236 | ||||||||||
Change in net assets | (6,961,382 | ) | 6,641,622 | (6,314,002 | ) | 10,993,616 | ||||||||||
NET ASSETS: | ||||||||||||||||
Beginning of period | 9,908,230 | 3,266,608 | 15,545,622 | 4,552,006 | ||||||||||||
End of period | $ | 2,946,848 | $ | 9,908,230 | $ | 9,231,620 | $ | 15,545,622 | ||||||||
CAPITAL TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Proceeds from shares issued | $ | 210,952,103 | $ | 245,174,451 | $ | 105,967,172 | $ | 91,814,324 | ||||||||
Distributions reinvested | — | — | 23,629 | — | ||||||||||||
Value of shares redeemed | (217,738,424 | ) | (241,223,974 | ) | (111,077,572 | ) | (85,716,345 | ) | ||||||||
Service Class | ||||||||||||||||
Proceeds from shares issued | 188,543 | 888,507 | 1,912,961 | 3,579,209 | ||||||||||||
Distributions reinvested | — | — | — | — | ||||||||||||
Value of shares redeemed | (457,546 | ) | (557,136 | ) | (1,849,857 | ) | (3,553,952 | ) | ||||||||
Change in net assets resulting from capital transactions | $ | (7,055,324 | ) | $ | 4,281,848 | $ | (5,023,667 | ) | $ | 6,123,236 | ||||||
SHARE TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Issued | 1,939,029 | 2,291,800 | 1,008,282 | 951,025 | ||||||||||||
Reinvested | — | — | 216 | — | ||||||||||||
Redeemed | (1,991,209 | ) | (2,251,374 | ) | (1,065,382 | ) | (875,850 | ) | ||||||||
Service Class | ||||||||||||||||
Issued | 2,017 | 9,653 | 23,089 | 44,632 | ||||||||||||
Reinvested | — | — | — | — | ||||||||||||
Redeemed | (4,961 | ) | (6,330 | ) | (22,368 | ) | (41,616 | ) | ||||||||
Change in shares | (55,124 | ) | 43,749 | (56,163 | ) | 78,191 |
(a) As described in Note 9, share amounts have been adjusted for 1:4 reverse share split that occurred on December 14, 2020.
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
For the Periods Indicated :: Statements of Changes in Net Assets :: 281
Technology UltraSector ProFund | Telecommunications UltraSector ProFund | UltraBear ProFund | ||||||||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||||||
$ | (811,282 | ) | $ | (770,517 | ) | $ | 4,055 | $ | 4,120 | $ | (143,628 | ) | $ | (147,330 | ) | |||||||
(6,894,101 | ) | 25,012,316 | (118,253 | ) | 155,289 | 749,207 | (6,556,416 | ) | ||||||||||||||
(11,221,431 | ) | 10,097,838 | (94,650 | ) | 91,673 | (578,030 | ) | 186,989 | ||||||||||||||
(18,926,814 | ) | 34,339,637 | (208,848 | ) | 251,082 | 27,549 | (6,516,757 | ) | ||||||||||||||
(6,765,946 | ) | (1,520,272 | ) | (6,192 | ) | (4,660 | ) | — | (37,071 | ) | ||||||||||||
(517,236 | ) | (114,991 | ) | — | — | — | — | |||||||||||||||
(7,283,182 | ) | (1,635,263 | ) | (6,192 | ) | (4,660 | ) | — | (37,071 | ) | ||||||||||||
(28,047,314 | ) | (20,712,222 | ) | (138,674 | ) | 22,353 | 5,720,851 | 2,053,106 | ||||||||||||||
(54,257,310 | ) | 11,992,152 | (353,714 | ) | 268,775 | 5,748,400 | (4,500,722 | ) | ||||||||||||||
101,837,776 | 89,845,624 | 1,174,414 | 905,639 | 5,451,867 | 9,952,589 | |||||||||||||||||
$ | 47,580,466 | $ | 101,837,776 | $ | 820,700 | $ | 1,174,414 | $ | 11,200,267 | $ | 5,451,867 | |||||||||||
$ | 109,677,480 | $ | 160,181,638 | $ | 9,555,952 | $ | 7,118,775 | $ | 212,449,582 | $ | 183,530,963 | |||||||||||
6,663,004 | 1,482,315 | 5,017 | 4,609 | — | 35,894 | |||||||||||||||||
(143,485,268 | ) | (183,851,579 | ) | (9,679,779 | ) | (7,101,480 | ) | (206,755,449 | ) | (181,492,567 | ) | |||||||||||
87,140,768 | 22,132,908 | 1,022,917 | 293,551 | 958,273 | 797,199 | |||||||||||||||||
517,236 | 114,991 | — | — | — | — | |||||||||||||||||
(88,560,534 | ) | (20,772,495 | ) | (1,042,781 | ) | (293,102 | ) | (931,555 | ) | (818,383 | ) | |||||||||||
$ | (28,047,314 | ) | $ | (20,712,222 | ) | $ | (138,674 | ) | $ | 22,353 | $ | 5,720,851 | $ | 2,053,106 | ||||||||
919,390 | 1,707,134 | 404,710 | 317,837 | 10,285,063 | 6,410,429 | (a) | ||||||||||||||||
48,297 | 15,929 | 183 | 219 | — | 1,140 | |||||||||||||||||
(1,243,696 | ) | (2,111,447 | ) | (410,213 | ) | (317,904 | ) | (9,998,286 | ) | (6,384,436 | )(a) | |||||||||||
956,671 | 274,849 | 44,319 | 12,720 | 49,056 | 30,894 | (a) | ||||||||||||||||
4,683 | 1,505 | — | — | — | — | |||||||||||||||||
(977,586 | ) | (258,693 | ) | (45,562 | ) | (12,725 | ) | (49,237 | ) | (32,023 | )(a) | |||||||||||
(292,241 | ) | (370,723 | ) | (6,563 | ) | 147 | 286,596 | 26,004 |
See accompanying notes to the financial statements.
282 :: Statements of Changes in Net Assets :: For the Periods Indicated
UltraBull ProFund | UltraChina ProFund | |||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||
FROM INVESTMENT ACTIVITIES: | ||||||||||||||||
OPERATIONS: | ||||||||||||||||
Net investment income (loss) | $ | (409,057 | ) | $ | (585,775 | ) | $ | (74,929 | ) | $ | (238,254 | ) | ||||
Net realized gains (losses) on investments | (12,984,531 | ) | 41,024,460 | (18,052,569 | ) | (11,259,517 | ) | |||||||||
Change in net unrealized appreciation/depreciation on investments | (4,915,323 | ) | 18,826,358 | (3,389,190 | ) | (41,839 | ) | |||||||||
Change in net assets resulting from operations | (18,308,911 | ) | 59,265,043 | (21,516,688 | ) | (11,539,610 | ) | |||||||||
DISTRIBUTIONS TO SHAREHOLDERS: | ||||||||||||||||
Total distributions | ||||||||||||||||
Investor Class | (7,409,540 | ) | (13,488,142 | ) | — | — | ||||||||||
Service Class | (216,056 | ) | (249,797 | ) | — | — | ||||||||||
Change in net assets resulting from distributions | (7,625,596 | ) | (13,737,939 | ) | — | — | ||||||||||
Change in net assets resulting from capital transactions | (1,179,876 | ) | (16,346,043 | ) | 19,606,897 | 11,962,459 | ||||||||||
Change in net assets | (27,114,383 | ) | 29,181,061 | (1,909,791 | ) | 422,849 | ||||||||||
NET ASSETS: | ||||||||||||||||
Beginning of period | 130,864,122 | 101,683,061 | 18,049,304 | 17,626,455 | ||||||||||||
End of period | $ | 103,749,739 | $ | 130,864,122 | $ | 16,139,513 | $ | 18,049,304 | ||||||||
CAPITAL TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Proceeds from shares issued | $ | 587,034,856 | $ | 780,900,902 | $ | 185,081,878 | $ | 176,467,233 | ||||||||
Distributions reinvested | 7,312,208 | 13,341,141 | — | — | ||||||||||||
Value of shares redeemed | (595,332,161 | ) | (810,534,382 | ) | (166,201,928 | ) | (162,647,148 | ) | ||||||||
Service Class | ||||||||||||||||
Proceeds from shares issued | 40,433,389 | 13,591,204 | 6,363,662 | 8,950,334 | ||||||||||||
Distributions reinvested | 216,056 | 249,797 | — | — | ||||||||||||
Value of shares redeemed | (40,844,224 | ) | (13,894,705 | ) | (5,636,715 | ) | (10,807,960 | ) | ||||||||
Change in net assets resulting from capital transactions | $ | (1,179,876 | ) | $ | (16,346,043 | ) | $ | 19,606,897 | $ | 11,962,459 | ||||||
SHARE TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Issued | 5,546,384 | 8,603,573 | 31,815,197 | 8,162,546 | ||||||||||||
Reinvested | 70,235 | 165,070 | — | — | ||||||||||||
Redeemed | (5,620,713 | ) | (9,021,417 | ) | (28,837,028 | ) | (7,534,296 | ) | ||||||||
Service Class | ||||||||||||||||
Issued | 509,210 | 181,682 | 1,262,659 | 450,094 | ||||||||||||
Reinvested | 2,650 | 3,871 | — | — | ||||||||||||
Redeemed | (513,641 | ) | (185,084 | ) | (1,039,634 | ) | (582,082 | ) | ||||||||
Change in shares | (5,875 | ) | (252,305 | ) | 3,201,194 | 496,262 |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
For the Periods Indicated :: Statements of Changes in Net Assets :: 283
UltraDow 30 ProFund | UltraEmerging Markets ProFund | UltraInternational ProFund | ||||||||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||||||
$ | (59,822 | ) | $ | (158,869 | ) | $ | 71,325 | $ | (104,185 | ) | $ | (38,562 | ) | $ | (67,090 | ) | ||||||
(4,529,289 | ) | 13,515,086 | (2,411,724 | ) | 3,118,485 | (801,693 | ) | 1,652,457 | ||||||||||||||
(541,396 | ) | 3,815,475 | (2,891,149 | ) | 1,523,572 | 57,206 | 278,041 | |||||||||||||||
(5,130,507 | ) | 17,171,692 | (5,231,548 | ) | 4,537,872 | (783,049 | ) | 1,863,408 | ||||||||||||||
(2,463,674 | ) | (610,071 | ) | — | — | — | — | |||||||||||||||
(79,950 | ) | (26,223 | ) | — | — | — | — | |||||||||||||||
(2,543,624 | ) | (636,294 | ) | — | — | — | — | |||||||||||||||
74,890 | (2,894,894 | ) | 1,670,127 | (8,744,550 | ) | (22,111 | ) | (2,859,836 | ) | |||||||||||||
(7,599,241 | ) | 13,640,504 | (3,561,421 | ) | (4,206,678 | ) | (805,160 | ) | (996,428 | ) | ||||||||||||
40,412,695 | 26,772,191 | 9,321,782 | 13,528,460 | 3,151,548 | 4,147,976 | |||||||||||||||||
$ | 32,813,454 | $ | 40,412,695 | $ | 5,760,361 | $ | 9,321,782 | $ | 2,346,388 | $ | 3,151,548 | |||||||||||
$ | 77,113,965 | $ | 119,605,718 | $ | 43,083,489 | $ | 87,581,394 | $ | 17,512,907 | $ | 42,509,181 | |||||||||||
2,443,673 | 598,752 | — | — | — | — | |||||||||||||||||
(79,218,035 | ) | (123,129,400 | ) | (41,279,339 | ) | (96,255,600 | ) | (17,528,809 | ) | (45,293,025 | ) | |||||||||||
2,252,742 | 1,698,870 | 2,736,717 | 8,619,737 | 921,323 | 1,785,704 | |||||||||||||||||
76,910 | 25,794 | — | — | — | — | |||||||||||||||||
(2,594,365 | ) | (1,694,628 | ) | (2,870,740 | ) | (8,690,081 | ) | (927,532 | ) | (1,861,696 | ) | |||||||||||
$ | 74,890 | $ | (2,894,894 | ) | $ | 1,670,127 | $ | (8,744,550 | ) | $ | (22,111 | ) | $ | (2,859,836 | ) | |||||||
1,224,357 | 2,242,739 | 775,624 | 989,742 | 949,650 | 2,396,960 | |||||||||||||||||
36,681 | 11,920 | — | — | — | — | |||||||||||||||||
(1,260,160 | ) | (2,332,914 | ) | (752,759 | ) | (1,088,821 | ) | (937,618 | ) | (2,561,061 | ) | |||||||||||
40,972 | 36,918 | 42,639 | 106,783 | 48,422 | 109,259 | |||||||||||||||||
1,365 | 595 | — | — | — | — | |||||||||||||||||
(47,213 | ) | (35,524 | ) | (44,904 | ) | (108,196 | ) | (49,227 | ) | (112,527 | ) | |||||||||||
(3,998 | ) | (76,266 | ) | 20,600 | (100,492 | ) | 11,227 | (167,369 | ) |
See accompanying notes to the financial statements.
284 :: Statements of Changes in Net Assets :: For the Periods Indicated
UltraJapan ProFund | UltraLatin America ProFund | |||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||
FROM INVESTMENT ACTIVITIES: | ||||||||||||||||
OPERATIONS: | ||||||||||||||||
Net investment income (loss) | $ | (216,892 | ) | $ | (285,087 | ) | $ | 895,739 | $ | 202,567 | ||||||
Net realized gains (losses) on investments | (1,841,360 | ) | 6,354,446 | (592,830 | ) | 5,200,289 | ||||||||||
Change in net unrealized appreciation/depreciation on investments | 2,168,281 | (546,935 | ) | (2,561,817 | ) | 3,518,368 | ||||||||||
Change in net assets resulting from operations | 110,029 | 5,522,424 | (2,258,908 | ) | 8,921,224 | |||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: | ||||||||||||||||
Total distributions | ||||||||||||||||
Investor Class | (1,957,534 | ) | — | (700,829 | ) | (103,295 | ) | |||||||||
Service Class | (23,373 | ) | — | (3,119 | ) | (299 | ) | |||||||||
Change in net assets resulting from distributions | (1,980,907 | ) | — | (703,948 | ) | (103,594 | ) | |||||||||
Change in net assets resulting from capital transactions | (7,958 | ) | (1,444,184 | ) | (3,433,010 | ) | (8,553,674 | ) | ||||||||
Change in net assets | (1,878,836 | ) | 4,078,240 | (6,395,866 | ) | 263,956 | ||||||||||
NET ASSETS: | ||||||||||||||||
Beginning of period | 14,743,170 | 10,664,930 | 16,086,642 | 15,822,686 | ||||||||||||
End of period | $ | 12,864,334 | $ | 14,743,170 | $ | 9,690,776 | $ | 16,086,642 | ||||||||
CAPITAL TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Proceeds from shares issued | $ | 23,136,059 | $ | 33,563,243 | $ | 61,958,936 | $ | 108,526,192 | ||||||||
Distributions reinvested | 1,931,206 | — | 695,284 | 103,129 | ||||||||||||
Value of shares redeemed | (25,064,105 | ) | (34,991,209 | ) | (66,060,487 | ) | (117,130,692 | ) | ||||||||
Service Class | ||||||||||||||||
Proceeds from shares issued | 2,426,046 | 1,548,374 | 2,635,355 | 3,529,666 | ||||||||||||
Distributions reinvested | 23,373 | — | 3,119 | 299 | ||||||||||||
Value of shares redeemed | (2,460,537 | ) | (1,564,592 | ) | (2,665,217 | ) | (3,582,268 | ) | ||||||||
Change in net assets resulting from capital transactions | $ | (7,958 | ) | $ | (1,444,184 | ) | $ | (3,433,010 | ) | $ | (8,553,674 | ) | ||||
SHARE TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Issued | 781,101 | 1,048,723 | 3,760,085 | 7,675,974 | ||||||||||||
Reinvested | 58,504 | — | 50,056 | 6,172 | ||||||||||||
Redeemed | (844,912 | ) | (1,096,149 | ) | (3,992,888 | ) | (8,328,761 | ) | ||||||||
Service Class | ||||||||||||||||
Issued | 102,257 | 55,054 | 160,982 | 240,359 | ||||||||||||
Reinvested | 871 | — | 231 | 18 | ||||||||||||
Redeemed | (103,437 | ) | (55,878 | ) | (161,657 | ) | (241,891 | ) | ||||||||
Change in shares | (5,616 | ) | (48,250 | ) | (183,191 | ) | (648,129 | ) |
(a) As described in Note 9, share amounts have been adjusted for 2:1 share split that occurred on December 14, 2020.
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
For the Periods Indicated :: Statements of Changes in Net Assets :: 285
UltraMid-Cap ProFund | UltraNasdaq-100 ProFund | UltraShort China ProFund | ||||||||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||||||
$ | (203,224 | ) | $ | (324,008 | ) | $ | (8,132,772 | ) | $ | (9,218,621 | ) | $ | (45,895 | ) | $ | (17,455 | ) | |||||
(4,207,923 | ) | 21,553,550 | (172,336,450 | ) | 385,879,527 | (3,336,675 | ) | 668,372 | ||||||||||||||
(3,975,451 | ) | 9,103,349 | (118,318,583 | ) | 128,157,884 | 529,194 | (388,798 | ) | ||||||||||||||
(8,386,598 | ) | 30,332,891 | (298,787,805 | ) | 504,818,790 | (2,853,376 | ) | 262,119 | ||||||||||||||
(2,662,144 | ) | — | (160,235,818 | ) | (80,801,575 | ) | — | — | ||||||||||||||
(67,066 | ) | — | (4,885,875 | ) | (2,373,487 | ) | — | — | ||||||||||||||
(2,729,210 | ) | — | (165,121,693 | ) | (83,175,062 | ) | — | — | ||||||||||||||
(7,145,985 | ) | 1,528,795 | (72,695,894 | ) | 55,383,868 | 1,985,873 | 1,449,529 | |||||||||||||||
(18,261,793 | ) | 31,861,686 | (536,605,392 | ) | 477,027,596 | (867,503 | ) | 1,711,648 | ||||||||||||||
62,881,150 | 31,019,464 | 1,120,270,485 | 643,242,889 | 2,346,894 | 635,246 | |||||||||||||||||
$ | 44,619,357 | $ | 62,881,150 | $ | 583,665,093 | $ | 1,120,270,485 | $ | 1,479,391 | $ | 2,346,894 | |||||||||||
$ | 82,405,703 | $ | 195,416,035 | $ | 6,411,842,913 | $ | 5,161,209,021 | $ | 75,578,069 | $ | 51,166,599 | |||||||||||
2,617,245 | — | 155,791,807 | 77,131,534 | — | — | |||||||||||||||||
(92,088,970 | ) | (193,740,125 | ) | (6,642,871,341 | ) | (5,182,921,512 | ) | (73,778,098 | ) | (49,715,951 | ) | |||||||||||
2,921,263 | 7,602,041 | 26,948,739 | 26,771,308 | 960,976 | 352,354 | |||||||||||||||||
67,066 | — | 4,754,067 | 2,359,556 | — | — | |||||||||||||||||
(3,068,292 | ) | (7,749,156 | ) | (29,162,079 | ) | (29,166,039 | ) | (775,074 | ) | (353,473 | ) | |||||||||||
$ | (7,145,985 | ) | $ | 1,528,795 | $ | (72,695,894 | ) | $ | 55,383,868 | $ | 1,985,873 | $ | 1,449,529 | |||||||||
1,300,862 | 3,588,244 | 85,922,710 | 67,509,246 | (a) | 4,110,501 | 4,021,641 | ||||||||||||||||
39,529 | — | 1,657,378 | 1,039,926 | — | — | |||||||||||||||||
(1,429,534 | ) | (3,590,587 | ) | (88,857,348 | ) | (67,646,714 | )(a) | (4,125,751 | ) | (3,921,183 | ) | |||||||||||
55,535 | 156,776 | 386,431 | 433,340 | (a) | 48,820 | 28,903 | ||||||||||||||||
1,283 | — | 68,932 | 41,447 | — | — | |||||||||||||||||
(58,941 | ) | (157,725 | ) | (429,333 | ) | (478,582 | )(a) | (48,359 | ) | (29,085 | ) | |||||||||||
(91,266 | ) | (3,292 | ) | (1,251,230 | ) | 898,663 | (14,789 | ) | 100,276 |
See accompanying notes to the financial statements.
286 :: Statements of Changes in Net Assets :: For the Periods Indicated
UltraShort Dow 30 ProFund | UltraShort Emerging Markets ProFund | |||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||
FROM INVESTMENT ACTIVITIES: | ||||||||||||||||
OPERATIONS: | ||||||||||||||||
Net investment income (loss) | $ | (41,615 | ) | $ | (74,517 | ) | $ | (15,100 | ) | $ | (15,276 | ) | ||||
Net realized gains (losses) on investments | 40,035 | (2,949,287 | ) | 4,627 | (471,701 | ) | ||||||||||
Change in net unrealized appreciation/depreciation on investments | (130,542 | ) | (67,703 | ) | 65,310 | (77,642 | ) | |||||||||
Change in net assets resulting from operations | (132,122 | ) | (3,091,507 | ) | 54,837 | (564,619 | ) | |||||||||
Change in net assets resulting from capital transactions | (247,618 | ) | 509,117 | 629,823 | 121,496 | |||||||||||
Change in net assets | (379,740 | ) | (2,582,390 | ) | 684,660 | (443,123 | ) | |||||||||
NET ASSETS: | ||||||||||||||||
Beginning of period | 3,026,578 | 5,608,968 | 593,249 | 1,036,372 | ||||||||||||
End of period | $ | 2,646,838 | $ | 3,026,578 | $ | 1,277,909 | $ | 593,249 | ||||||||
CAPITAL TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Proceeds from shares issued | $ | 24,311,975 | $ | 36,931,352 | $ | 22,921,108 | $ | 28,735,607 | ||||||||
Value of shares redeemed | (24,606,552 | ) | (36,332,238 | ) | (22,254,158 | ) | (28,628,322 | ) | ||||||||
Service Class | ||||||||||||||||
Proceeds from shares issued | 283,182 | 101,337 | 1,729,309 | 3,098,732 | ||||||||||||
Value of shares redeemed | (236,223 | ) | (191,334 | ) | (1,766,436 | ) | (3,084,521 | ) | ||||||||
Change in net assets resulting from capital transactions | $ | (247,618 | ) | $ | 509,117 | $ | 629,823 | $ | 121,496 | |||||||
SHARE TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Issued | 1,191,162 | 1,329,209 | (a) | 845,239 | 1,204,840 | (a) | ||||||||||
Redeemed | (1,211,536 | ) | (1,318,722 | )(a) | (826,380 | ) | (1,205,269 | )(a) | ||||||||
Service Class | ||||||||||||||||
Issued | 14,805 | 3,470 | (a) | 80,545 | 129,679 | (a) | ||||||||||
Redeemed | (12,153 | ) | (6,215 | )(a) | (80,832 | ) | (129,914 | )(a) | ||||||||
Change in shares | (17,722 | ) | 7,742 | 18,572 | (664 | ) |
(a) As described in Note 9, share amounts have been adjusted for 1:4 reverse share split that occurred on December 14, 2020.
See accompanying notes to the financial statements.
For the Periods Indicated :: Statements of Changes in Net Assets :: 287
UltraShort International ProFund | UltraShort Japan ProFund | UltraShort Latin America ProFund | ||||||||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||||||
$ | (29,319 | ) | $ | (32,724 | ) | $ | (5,108 | ) | $ | (7,557 | ) | $ | (17,818 | ) | $ | (34,508 | ) | |||||
(110,073 | ) | (1,120,240 | ) | (87,803 | ) | (125,533 | ) | (360,275 | ) | (1,877,375 | ) | |||||||||||
(89,230 | ) | (175,965 | ) | (25,480 | ) | (40,336 | ) | (119,024 | ) | (168,423 | ) | |||||||||||
(228,622 | ) | (1,328,929 | ) | (118,391 | ) | (173,426 | ) | (497,117 | ) | (2,080,306 | ) | |||||||||||
1,238,341 | 510,533 | 56,905 | (409,172 | ) | 1,488,833 | (280,697 | ) | |||||||||||||||
1,009,719 | (818,396 | ) | (61,486 | ) | (582,598 | ) | 991,716 | (2,361,003 | ) | |||||||||||||
1,636,645 | 2,455,041 | 261,900 | 844,498 | 812,232 | 3,173,235 | |||||||||||||||||
$ | 2,646,364 | $ | 1,636,645 | $ | 200,414 | $ | 261,900 | $ | 1,803,948 | $ | 812,232 | |||||||||||
$ | 23,328,525 | $ | 12,690,540 | $ | 11,429,220 | $ | 11,695,004 | $ | 34,663,920 | $ | 45,384,596 | |||||||||||
(22,113,341 | ) | (12,180,381 | ) | (11,341,116 | ) | (12,134,986 | ) | (33,183,439 | ) | (45,679,802 | ) | |||||||||||
304,492 | 2,961 | 40,043 | 42,167 | 1,353,111 | 2,064,965 | |||||||||||||||||
(281,335 | ) | (2,587 | ) | (71,242 | ) | (11,357 | ) | (1,344,759 | ) | (2,050,456 | ) | |||||||||||
$ | 1,238,341 | $ | 510,533 | $ | 56,905 | $ | (409,172 | ) | $ | 1,488,833 | $ | (280,697 | ) | |||||||||
940,018 | 416,189 | (a) | 991,820 | 826,620 | 3,289,981 | 2,656,787 | ||||||||||||||||
(913,359 | ) | (401,410 | )(a) | (990,794 | ) | (845,940 | ) | (3,172,499 | ) | (2,691,901 | ) | |||||||||||
11,899 | 78 | (a) | 4,431 | 3,605 | 140,783 | 159,501 | ||||||||||||||||
(11,901 | ) | (79 | )(a) | (6,946 | ) | (1,089 | ) | (140,782 | ) | (159,992 | ) | |||||||||||
26,657 | 14,778 | (1,489 | ) | (16,804 | ) | 117,483 | (35,605 | ) |
See accompanying notes to the financial statements.
288 :: Statements of Changes in Net Assets :: For the Periods Indicated
UltraShort Mid-Cap ProFund | UltraShort Nasdaq-100 ProFund | |||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||
FROM INVESTMENT ACTIVITIES: | ||||||||||||||||
OPERATIONS: | ||||||||||||||||
Net investment income (loss) | $ | (21,691 | ) | $ | (32,414 | ) | $ | (336,424 | ) | $ | (310,178 | ) | ||||
Net realized gains (losses) on investments | (68,458 | ) | (1,669,401 | ) | (3,355,620 | ) | 6,366,794 | |||||||||
Change in net unrealized appreciation/depreciation on investments | (18,898 | ) | (47,870 | ) | (6,059,081 | ) | 1,930,719 | |||||||||
Change in net assets resulting from operations | (109,047 | ) | (1,749,685 | ) | (9,751,125 | ) | 7,987,335 | |||||||||
DISTRIBUTIONS TO SHAREHOLDERS: | ||||||||||||||||
Total distributions | ||||||||||||||||
Investor Class | — | — | — | (6,099 | ) | |||||||||||
Change in net assets resulting from distributions | — | — | — | (6,099 | ) | |||||||||||
Change in net assets resulting from capital transactions | 123,216 | 464,023 | 101,278,744 | (8,144,025 | ) | |||||||||||
Change in net assets | 14,169 | (1,285,662 | ) | 91,527,619 | (162,789 | ) | ||||||||||
NET ASSETS: | ||||||||||||||||
Beginning of period | 1,463,095 | 2,748,757 | 9,465,299 | 9,628,088 | ||||||||||||
End of period | $ | 1,477,264 | $ | 1,463,095 | $ | 100,992,918 | $ | 9,465,299 | ||||||||
CAPITAL TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Proceeds from shares issued | $ | 13,566,232 | $ | 22,831,902 | $ | 3,433,169,405 | $ | 1,619,137,898 | ||||||||
Distributions reinvested | — | — | — | 5,816 | ||||||||||||
Value of shares redeemed | (13,481,529 | ) | (22,409,510 | ) | (3,331,910,049 | ) | (1,627,463,105 | ) | ||||||||
Service Class | ||||||||||||||||
Proceeds from shares issued | 54,210 | 122,189 | 733,334 | 5,958,301 | ||||||||||||
Value of shares redeemed | (15,697 | ) | (80,558 | ) | (713,946 | ) | (5,782,935 | ) | ||||||||
Change in net assets resulting from capital transactions | $ | 123,216 | $ | 464,023 | $ | 101,278,744 | $ | (8,144,025 | ) | |||||||
SHARE TRANSACTIONS: | ||||||||||||||||
Investor Class | ||||||||||||||||
Issued | 2,589,941 | 2,849,991 | 215,570,846 | 54,542,505 | (a) | |||||||||||
Reinvested | — | — | — | 249 | ||||||||||||
Redeemed | (2,581,359 | ) | (2,787,887 | ) | (209,779,074 | ) | (54,215,707 | )(a) | ||||||||
Service Class | ||||||||||||||||
Issued | 10,593 | 17,208 | 50,598 | 284,538 | (a) | |||||||||||
Redeemed | (2,931 | ) | (14,815 | ) | (51,612 | ) | (277,227 | )(a) | ||||||||
Change in shares | 16,244 | 64,497 | 5,790,758 | 334,358 |
(a) As described in Note 9, share amounts have been adjusted for 1:8 reverse share split that occurred on December 14, 2020.
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
For the Periods Indicated :: Statements of Changes in Net Assets :: 289
UltraShort Small-Cap ProFund | UltraSmall-Cap ProFund | U.S. Government Plus ProFund | ||||||||||||||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||||||||||||
$ | (69,085 | ) | $ | (118,634 | ) | $ | (586,805 | ) | $ | (766,796 | ) | $ | (204,594 | ) | $ | (188,980 | ) | |||||
222,449 | (6,416,308 | ) | (24,740,578 | ) | 33,590,003 | (4,080,528 | ) | (3,092,778 | ) | |||||||||||||
118,852 | (301,265 | ) | (6,450,265 | ) | 10,578,359 | (151,076 | ) | (461,278 | ) | |||||||||||||
272,216 | (6,836,207 | ) | (31,777,648 | ) | 43,401,566 | (4,436,198 | ) | (3,743,036 | ) | |||||||||||||
— | — | — | — | — | — | |||||||||||||||||
— | — | — | — | — | — | |||||||||||||||||
(4,508,299 | ) | 7,505,297 | (16,551,093 | ) | 23,710,296 | (12,733,781 | ) | 5,452,355 | ||||||||||||||
(4,236,083 | ) | 669,090 | (48,328,741 | ) | 67,111,862 | (17,169,979 | ) | 1,709,319 | ||||||||||||||
8,589,032 | 7,919,942 | 101,141,504 | 34,029,642 | 26,021,050 | 24,311,731 | |||||||||||||||||
$ | 4,352,949 | $ | 8,589,032 | $ | 52,812,763 | $ | 101,141,504 | $ | 8,851,071 | $ | 26,021,050 | |||||||||||
$ | 82,946,443 | $ | 123,161,547 | $ | 620,574,038 | $ | 819,249,211 | $ | 468,167,292 | $ | 249,390,358 | |||||||||||
— | — | — | — | — | — | |||||||||||||||||
(87,075,044 | ) | (116,118,960 | ) | (636,977,693 | ) | (795,780,334 | ) | (479,803,815 | ) | (243,841,186 | ) | |||||||||||
2,258,052 | 2,564,577 | 8,938,324 | 24,151,688 | 1,956,228 | 5,676,297 | |||||||||||||||||
(2,637,750 | ) | (2,101,867 | ) | (9,085,762 | ) | (23,910,269 | ) | (3,053,486 | ) | (5,773,114 | ) | |||||||||||
$ | (4,508,299 | ) | $ | 7,505,297 | $ | (16,551,093 | ) | $ | 23,710,296 | $ | (12,733,781 | ) | $ | 5,452,355 | ||||||||
10,923,532 | 12,182,113 | 8,072,582 | 11,497,660 | 7,572,365 | 3,623,278 | |||||||||||||||||
— | — | — | — | — | — | |||||||||||||||||
(11,514,143 | ) | (11,456,203 | ) | (8,315,784 | ) | (11,186,978 | ) | (7,758,669 | ) | (3,529,043 | ) | |||||||||||
333,979 | 328,536 | 137,760 | 402,157 | 36,162 | 86,771 | |||||||||||||||||
(388,133 | ) | (262,122 | ) | (146,583 | ) | (396,141 | ) | (52,565 | ) | (87,768 | ) | |||||||||||
(644,765 | ) | 792,324 | (252,025 | ) | 316,698 | (202,707 | ) | 93,238 |
See accompanying notes to the financial statements.
290 :: Statements of Changes in Net Assets :: For the Periods Indicated
Utilities UltraSector ProFund | ||||||||
Year Ended July 31, 2022 | Year Ended July 31, 2021 | |||||||
FROM INVESTMENT ACTIVITIES: | ||||||||
OPERATIONS: | ||||||||
Net investment income (loss) | $ | 37,098 | $ | 11,543 | ||||
Net realized gains (losses) on investments | (188,312 | ) | 1,226,994 | |||||
Change in net unrealized appreciation/depreciation on investments | 1,316,825 | (155,218 | ) | |||||
Change in net assets resulting from operations | 1,165,611 | 1,083,319 | ||||||
DISTRIBUTIONS TO SHAREHOLDERS: | ||||||||
Total distributions | ||||||||
Investor Class | (16,661 | ) | (45,473 | )(a) | ||||
Change in net assets resulting from distributions | (16,661 | ) | (45,473 | ) | ||||
Change in net assets resulting from capital transactions | 3,652,389 | (1,317,530 | ) | |||||
Change in net assets | 4,801,339 | (279,684 | ) | |||||
NET ASSETS: | ||||||||
Beginning of period | 8,785,845 | 9,065,529 | ||||||
End of period | $ | 13,587,184 | $ | 8,785,845 | ||||
CAPITAL TRANSACTIONS: | ||||||||
Investor Class | ||||||||
Proceeds from shares issued | $ | 42,361,389 | $ | 30,768,460 | ||||
Distributions reinvested | 16,614 | 44,822 | ||||||
Value of shares redeemed | (39,414,444 | ) | (32,097,834 | ) | ||||
Service Class | ||||||||
Proceeds from shares issued | 4,266,677 | 1,357,975 | ||||||
Value of shares redeemed | (3,577,847 | ) | (1,390,953 | ) | ||||
Change in net assets resulting from capital transactions | $ | 3,652,389 | $ | (1,317,530 | ) | |||
SHARE TRANSACTIONS: | ||||||||
Investor Class | ||||||||
Issued | 655,340 | 565,097 | ||||||
Reinvested | 250 | 843 | ||||||
Redeemed | (620,543 | ) | (592,049 | ) | ||||
Service Class | ||||||||
Issued | 71,156 | 26,895 | ||||||
Redeemed | (61,361 | ) | (27,421 | ) | ||||
Change in shares | 44,842 | (26,635 | ) |
(a) Subsequent to the issuance of the July 31, 2021 financial statements, $14,289 of the distribution for the Investor class was determined to be a return of capital.
See accompanying notes to the financial statements.
Consolidated Statements of Changes in Net Assets
292 :: Consolidated Statements of Changes in Net Assets :: For the Periods Indicated
Bitcoin Strategy ProFund | Short Bitcoin Strategy ProFund | |||||||||||
Year Ended July 31, 2022 | Period from July 28, 2021 (commencement of operations) to July 31, 2021 | Period from June 21, 2022 (commencement of operations) to July 31, 2022 | ||||||||||
FROM INVESTMENT ACTIVITIES: | ||||||||||||
OPERATIONS: | ||||||||||||
Net investment income (loss) | $ | (294,838 | ) | $ | (47 | ) | $ | (727 | ) | |||
Net realized gains (losses) on investments | (25,491,123 | ) | (65 | ) | (100,369 | ) | ||||||
Change in net unrealized appreciation/depreciation on investments | 1,737,433 | (4,987 | ) | (1,137 | ) | |||||||
Change in net assets resulting from operations | (24,048,528 | ) | (5,099 | ) | (102,233 | ) | ||||||
Change in net assets resulting from capital transactions | 47,072,708 | 528,624 | 507,642 | |||||||||
Change in net assets | 23,024,180 | 523,525 | 405,409 | |||||||||
NET ASSETS: | ||||||||||||
Beginning of period | 523,525 | — | — | |||||||||
End of period | $ | 23,547,705 | $ | 523,525 | $ | 405,409 | ||||||
CAPITAL TRANSACTIONS: | ||||||||||||
Investor Class | ||||||||||||
Proceeds from shares issued | $ | 93,634,525 | $ | 528,624 | $ | 912,843 | ||||||
Value of shares redeemed | (46,561,817 | ) | — | (405,201 | ) | |||||||
Change in net assets resulting from capital transactions | $ | 47,072,708 | $ | 528,624 | $ | 507,642 | ||||||
SHARE TRANSACTIONS: | ||||||||||||
Investor Class | ||||||||||||
Issued | 3,537,896 | 21,198 | 37,444 | |||||||||
Redeemed | (1,875,538 | ) | — | (17,815 | ) | |||||||
Change in shares | 1,662,358 | 21,198 | 19,629 |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
Consolidated Statements of Cash Flows
294 :: Consolidated Statements of Cash Flows
Bitcoin Strategy ProFund | Short Bitcoin Strategy ProFund | |||||||
Year Ended July 31, 2022 | Period from June 21, 2022 (commencement of operations) to July 31, 2022 | |||||||
Cash Flows from Operating Activities: | ||||||||
Net Increase (Decrease) in Net Assets from Operations | $ | (24,048,528 | ) | $ | (102,233 | ) | ||
Less: Net realized gain on investments | 3,895 | — | ||||||
Less: Change in net unrealized appreciation/depreciation of investments | 3,108 | 83 | ||||||
Adjustments to reconcile the net increase (decrease) in net assets from operations to net cash provided by (used in) operating activities | ||||||||
Proceeds from (Purchase of) short-term investments, net | (15,616,742 | ) | (399,435 | ) | ||||
Amortization (Accretion) of premiums and discounts, net | (19,556 | ) | (253 | ) | ||||
(Increase) Decrease in: | ||||||||
Receivable from Advisor | 14,500 | (20,679 | ) | |||||
Receivable for variation margin on futures contracts | (49,738 | ) | — | |||||
Prepaid Expenses | 11,439 | (24,941 | ) | |||||
Increase (Decrease) in: | ||||||||
Interest payable (on reverse repurchase agreements) | 3,102 | 78 | ||||||
Futures Commission Merchant (FCM) fees payable | 3,510 | 81 | ||||||
Variation margin payable on futures contracts | (4,969 | ) | 1,440 | |||||
Due to advisor for expenses paid in advance | (28,699 | ) | — | |||||
Administration fees payable | 1,819 | 41 | ||||||
Transfer agency fees payable | 1,764 | 91 | ||||||
Fund accounting fees payable | 2,276 | 1,273 | ||||||
Compliance services fees payable | 78 | — | ||||||
Service fees payable | 117 | 3 | ||||||
Other accrued expenses | 11,196 | 15,175 | ||||||
Net cash provided by (used in) operating activities | $ | (39,711,428 | ) | $ | (529,276 | ) | ||
Cash Flows from Financing Activities: | ||||||||
Proceeds from reverse repurchase agreements | 3,836,056,036 | 1,398,423 | ||||||
(Repayments of) reverse repurchase agreements | (3,820,415,996 | ) | (998,799 | ) | ||||
Proceeds from capital shares issued | 93,389,360 | 911,791 | ||||||
Cash paid for capital shares redeemed | (46,428,966 | ) | (342,489 | ) | ||||
Net cash provided by (used in) financing activities | $ | 62,600,434 | $ | 968,926 | ||||
Net Increase (Decrease) in Cash and Cash Collateral at Brokers | 22,889,006 | 439,650 | ||||||
Cash and cash collateral at brokers at the beginning of period | 454,684 | — | ||||||
Cash and cash collateral at brokers at the end of period | $ | 23,343,690 | $ | 439,650 | ||||
The following table provides a reconciliation of cash and cash collateral at brokers to the statement of assets and liabilities: | ||||||||
Cash | 16,695,978 | 306,296 | ||||||
Cash collateral at brokers for investments in futures | 6,647,712 | 133,354 | ||||||
Total cash and cash collateral at brokers | $ | 23,343,690 | $ | 439,650 | ||||
Supplemental Disclosure of Cash Flow Information | ||||||||
Cash paid for interest (excluding costs) | $ | 25,936 | $ | 52 |
See accompanying notes to the financial statements.
Financial Highlights
296 :: Financial Highlights
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | In excess of net Investment Income | Return of Capital | Total Distributions | |||||||||||||||||||||||||
Access Flex Bear High Yield ProFund | ||||||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 29.93 | (0.43 | ) | 2.21 | 1.78 | — | — | — | — | ||||||||||||||||||||||
Nine Months Ended July 31, 2021 | $ | 33.20 | (0.41 | ) | (2.86 | ) | (3.27 | ) | — | — | — | — | ||||||||||||||||||||
Year Ended October 31, 2020 | $ | 33.78 | (0.53 | ) | (0.05 | ) | (0.58 | ) | — | — | — | — | ||||||||||||||||||||
Year Ended October 31, 2019 | $ | 37.85 | (0.21 | ) | (3.86 | ) | (4.07 | ) | — | — | — | — | ||||||||||||||||||||
Year Ended October 31, 2018 | $ | 38.27 | (0.35 | ) | (0.07 | ) | (0.42 | ) | — | — | — | — | ||||||||||||||||||||
Year Ended October 31, 2017(e) | $ | 40.76 | (0.50 | ) | (1.99 | ) | (2.49 | ) | — | — | — | — | ||||||||||||||||||||
Service Class | ||||||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 25.68 | (0.69 | ) | 1.95 | 1.26 | — | — | — | — | ||||||||||||||||||||||
Nine Months Ended July 31, 2021 | $ | 28.71 | (0.61 | ) | (2.42 | ) | (3.03 | ) | — | — | — | — | ||||||||||||||||||||
Year Ended October 31, 2020 | $ | 29.49 | (0.82 | ) | 0.04 | (0.78 | ) | — | — | — | — | |||||||||||||||||||||
Year Ended October 31, 2019 | $ | 33.40 | (0.53 | ) | (3.38 | ) | (3.91 | ) | — | — | — | — | ||||||||||||||||||||
Year Ended October 31, 2018 | $ | 34.11 | (0.69 | ) | (0.02 | ) | (0.07 | ) | — | — | — | — | ||||||||||||||||||||
Year Ended October 31, 2017(e) | $ | 36.49 | (0.85 | ) | (1.53 | ) | (2.38 | ) | — | — | — | — | ||||||||||||||||||||
Access Flex High Yield ProFund | ||||||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 32.91 | (0.25 | ) | (2.65 | ) | (2.90 | ) | — | (0.13 | ) | — | (0.13 | ) | ||||||||||||||||||
Nine Months Ended July 31, 2021 | $ | 31.65 | (0.34 | ) | 2.41 | 2.07 | — | (0.81 | ) | — | (0.81 | ) | ||||||||||||||||||||
Year Ended October 31, 2020 | $ | 34.28 | (0.39 | ) | (0.98 | ) | (1.37 | ) | — | (1.14 | ) | (0.12 | ) | (1.26 | ) | |||||||||||||||||
Year Ended October 31, 2019 | $ | 32.40 | 0.06 | 3.20 | 3.26 | (0.06 | ) | (1.32 | ) | — | (1.38 | ) | ||||||||||||||||||||
Year Ended October 31, 2018 | $ | 33.54 | 0.11 | (0.18 | ) | (0.07 | ) | (0.11 | ) | (0.69 | ) | (0.27 | ) | (1.07 | ) | |||||||||||||||||
Year Ended October 31, 2017 | $ | 32.66 | (0.16 | ) | 2.27 | 2.11 | — | (1.23 | ) | — | (1.23 | ) | ||||||||||||||||||||
Service Class | ||||||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 32.53 | (0.56 | ) | (2.61 | ) | (3.17 | ) | — | (0.05 | ) | — | (0.05 | ) | ||||||||||||||||||
Nine Months Ended July 31, 2021 | $ | 31.33 | (0.59 | ) | 2.40 | 1.81 | — | (0.61 | ) | — | (0.61 | ) | ||||||||||||||||||||
Year Ended October 31, 2020 | $ | 33.80 | (0.71 | ) | (0.96 | ) | (1.67 | ) | — | (0.72 | ) | (0.08 | ) | (0.80 | ) | |||||||||||||||||
Year Ended October 31, 2019 | $ | 32.03 | (0.27 | ) | 3.15 | 2.88 | — | (1.11 | ) | — | (1.11 | ) | ||||||||||||||||||||
Year Ended October 31, 2018 | $ | 32.80 | (0.21 | ) | (0.17 | ) | (0.38 | ) | — | (0.29 | ) | (0.10 | ) | (0.39 | ) | |||||||||||||||||
Year Ended October 31, 2017 | $ | 31.89 | (0.48 | ) | 2.22 | 1.74 | — | (0.83 | ) | — | (0.83 | ) |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return(b) | Gross Expenses(c) | Net Expenses(c) | Net Investment Income (Loss)(c) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b)(d) | ||||||||||||||||||||
$ | 31.71 | 5.95 | % | 3.15 | % | 1.78 | % | (1.36 | )% | $ | 2,189 | — | ||||||||||||||
$ | 29.93 | (9.80 | )% | 9.92 | % | 1.78 | % | (1.78 | )% | $ | 445 | — | ||||||||||||||
$ | 33.20 | (1.72 | )% | 5.56 | % | 1.78 | % | (1.56 | )% | $ | 845 | — | ||||||||||||||
$ | 33.78 | (10.75 | )% | 5.99 | % | 1.78 | % | (0.60 | )% | $ | 807 | — | ||||||||||||||
$ | 37.85 | (1.10 | )% | 5.42 | % | 1.78 | % | (0.92 | )% | $ | 591 | — | ||||||||||||||
$ | 38.27 | (6.09 | )%(f) | 4.18 | % | 1.78 | % | (1.30 | )% | $ | 671 | — | ||||||||||||||
$ | 26.94 | 4.86 | % | 4.15 | % | 2.78 | % | (2.36 | )% | $ | 28 | — | ||||||||||||||
$ | 25.68 | (10.45 | )% | 10.92 | % | 2.78 | % | (2.78 | )% | $ | 11 | — | ||||||||||||||
$ | 28.71 | (2.64 | )% | 6.56 | % | 2.78 | % | (2.56 | )% | $ | 14 | — | ||||||||||||||
$ | 29.49 | (11.70 | )% | 6.99 | % | 2.78 | % | (1.60 | )% | $ | 33 | — | ||||||||||||||
$ | 33.40 | (2.05 | )% | 6.42 | % | 2.78 | % | (1.92 | )% | $ | 38 | — | ||||||||||||||
$ | 34.11 | (6.55 | )%(f) | 5.18 | % | 2.78 | % | (2.30 | )% | $ | 116 | — | ||||||||||||||
$ | 29.88 | (8.85 | )% | 1.78 | % | 1.78 | % | (0.81 | )% | $ | 9,819 | 1,259 | % | |||||||||||||
$ | 32.91 | 6.63 | % | 1.97 | % | 1.78 | % | (1.39 | )% | $ | 13,252 | 944 | % | |||||||||||||
$ | 31.65 | (4.05 | )% | 2.07 | % | 1.88 | % | (1.17 | )% | $ | 17,557 | 1,534 | % | |||||||||||||
$ | 34.28 | 10.26 | % | 1.90 | % | 1.90 | % | 0.19 | % | $ | 19,823 | 1,362 | % | |||||||||||||
$ | 32.40 | (0.21 | )% | 1.77 | % | 1.77 | % | 0.35 | % | $ | 25,909 | 1,334 | % | |||||||||||||
$ | 33.54 | 6.58 | %(g) | 1.81 | % | 1.81 | % | (0.49 | )% | $ | 25,367 | 1,517 | % | |||||||||||||
$ | 29.31 | (9.77 | )% | 2.78 | % | 2.78 | % | (1.81 | )% | $ | 3,259 | 1,259 | % | |||||||||||||
$ | 32.53 | 5.81 | % | 2.97 | % | 2.78 | % | (2.39 | )% | $ | 3,527 | 944 | % | |||||||||||||
$ | 31.33 | (4.98 | )% | 3.07 | % | 2.88 | % | (2.17 | )% | $ | 2,806 | 1,534 | % | |||||||||||||
$ | 33.80 | 9.12 | % | 2.90 | % | 2.90 | % | (0.81 | )% | $ | 4,820 | 1,362 | % | |||||||||||||
$ | 32.03 | (1.15 | )% | 2.77 | % | 2.77 | % | (0.65 | )% | $ | 2,648 | 1,334 | % | |||||||||||||
$ | 32.80 | 5.54 | %(g) | 2.81 | % | 2.81 | % | (1.49 | )% | $ | 5,326 | 1,517 | % |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Not annualized for periods less than one year. |
(c) | Annualized for periods less than one year. |
(d) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(e) | As described in Note 9, adjusted for 1:5 reverse share split that occurred on December 5, 2016. |
(f) | During the year ended October 31, 2017, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was an increase of 3.30%. |
(g) | During the year ended October 31, 2017, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was an increase of 0.76%. |
See accompanying notes to the financial statements.
Financial Highlights :: 297
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Net Realized Gains on Investments | Total Distributions | ||||||||||||||||||||||
Banks UltraSector ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 56.72 | 0.08 | (11.46 | ) | (11.38 | ) | — | — | — | ||||||||||||||||||
Year Ended July 31, 2021 | $ | 28.48 | 0.23 | 28.01 | 28.24 | — | — | — | ||||||||||||||||||||
Year Ended July 31, 2020 | $ | 50.38 | 0.47 | (22.14 | ) | (21.67 | ) | (0.23 | ) | — | (0.23 | ) | ||||||||||||||||
Year Ended July 31, 2019 | $ | 54.83 | 0.42 | (4.28 | ) | (3.86 | ) | (0.59 | ) | — | (0.59 | ) | ||||||||||||||||
Year Ended July 31, 2018 | $ | 44.79 | 0.16 | 9.88 | 10.04 | — | — | — | ||||||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 51.99 | (0.48 | ) | (10.37 | ) | (10.85 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2021 | $ | 26.38 | (0.19 | ) | 25.80 | 25.61 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 46.98 | 0.13 | (20.73 | ) | (20.60 | ) | — | — | — | ||||||||||||||||||
Year Ended July 31, 2019 | $ | 50.85 | (0.03 | ) | (3.84 | ) | (3.87 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2018 | $ | 41.95 | (0.33 | ) | 9.23 | 8.90 | — | — | — | |||||||||||||||||||
Basic Materials UltraSector ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 101.46 | (0.29 | ) | (8.88 | ) | (9.17 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2021 | $ | 63.17 | (0.16 | ) | 38.67 | 38.51 | (0.01 | ) | (0.21 | ) | (0.22 | ) | ||||||||||||||||
Year Ended July 31, 2020 | $ | 63.98 | 0.08 | (0.89 | ) | (0.81 | ) | — | — | — | ||||||||||||||||||
Year Ended July 31, 2019 | $ | 74.26 | 0.12 | (10.40 | ) | (10.28 | ) | — | — | — | ||||||||||||||||||
Year Ended July 31, 2018 | $ | 63.66 | (0.11 | ) | 10.71 | 10.60 | — | — | — | |||||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 88.60 | (1.18 | ) | (7.60 | ) | (8.78 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2021 | $ | 55.74 | (0.92 | ) | 33.99 | 33.07 | — | (0.21 | ) | (0.21 | ) | |||||||||||||||||
Year Ended July 31, 2020 | $ | 57.02 | (0.44 | ) | (0.84 | ) | (1.28 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2019 | $ | 66.85 | (0.45 | ) | (9.38 | ) | (9.83 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2018 | $ | 57.88 | (0.77 | ) | 9.74 | 8.97 | — | — | — |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 45.34 | (20.05 | )% | 1.71 | % | 1.71 | % | 0.13 | % | $ | 7,788 | 73 | % | |||||||||||||
$ | 56.72 | 99.16 | % | 1.53 | % | 1.53 | % | 0.43 | % | $ | 122,655 | 144 | % | |||||||||||||
$ | 28.48 | (43.26 | )% | 1.72 | % | 1.72 | % | 1.00 | % | $ | 7,348 | 260 | % | |||||||||||||
$ | 50.38 | (6.69 | )% | 1.80 | % | 1.80 | % | 0.88 | % | $ | 9,484 | 75 | % | |||||||||||||
$ | 54.83 | 22.39 | % | 1.54 | % | 1.54 | % | 0.30 | % | $ | 18,887 | 293 | % | |||||||||||||
$ | 41.14 | (20.85 | )% | 2.71 | % | 2.71 | % | (0.87 | )% | $ | 452 | 73 | % | |||||||||||||
$ | 51.99 | 97.08 | % | 2.53 | % | 2.53 | % | (0.57 | )% | $ | 925 | 144 | % | |||||||||||||
$ | 26.38 | (43.84 | )% | 2.72 | % | 2.72 | % | — | %(c) | $ | 300 | 260 | % | |||||||||||||
$ | 46.98 | (7.63 | )% | 2.80 | % | 2.80 | % | (0.12 | )% | $ | 769 | 75 | % | |||||||||||||
$ | 50.85 | 21.22 | % | 2.54 | % | 2.54 | % | (0.70 | )% | $ | 964 | 293 | % | |||||||||||||
$ | 92.29 | (9.03 | )% | 1.93 | % | 1.89 | % | (0.28 | )% | $ | 4,652 | 194 | % | |||||||||||||
$ | 101.46 | 61.04 | % | 1.82 | % | 1.78 | % | (0.19 | )% | $ | 10,709 | 698 | % | |||||||||||||
$ | 63.17 | (1.25 | )% | 2.43 | % | 1.85 | % | 0.15 | % | $ | 2,897 | 62 | % | |||||||||||||
$ | 63.98 | (13.84 | )% | 2.15 | % | 2.05 | %(d) | 0.19 | % | $ | 4,637 | 179 | % | |||||||||||||
$ | 74.26 | 16.65 | % | 1.67 | % | 1.67 | % | (0.15 | )% | $ | 7,427 | 460 | % | |||||||||||||
$ | 79.82 | (9.91 | )% | 2.93 | % | 2.89 | % | (1.28 | )% | $ | 510 | 194 | % | |||||||||||||
$ | 88.60 | 59.44 | % | 2.82 | % | 2.78 | % | (1.19 | )% | $ | 983 | 698 | % | |||||||||||||
$ | 55.74 | (2.24 | )% | 3.43 | % | 2.85 | % | (0.85 | )% | $ | 278 | 62 | % | |||||||||||||
$ | 57.02 | (14.72 | )% | 3.15 | % | 3.05 | %(d) | (0.81 | )% | $ | 316 | 179 | % | |||||||||||||
$ | 66.85 | 15.49 | % | 2.67 | % | 2.67 | % | (1.15 | )% | $ | 601 | 460 | % |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | Amount is less than 0.005%. |
(d) | The expense ratio does not correlate to the applicable expense limits in place during the period given that the annual contractual expense limitation is applied for the one year periods ended November 30th of each year, instead of coinciding with the July 31st year end. Details of the current expense limitation in effect can be found in Note 4 of the accompanying Notes to Financial Statements. |
See accompanying notes to the financial statements.
298 :: Financial Highlights
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Net Realized Gains on Investments | Total Distributions | ||||||||||||||||||||||
Bear ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 16.01 | (0.18 | ) | 0.18 | — | (c) | — | — | — | ||||||||||||||||||
Year Ended July 31, 2021 | $ | 22.67 | (0.33 | ) | (6.32 | ) | (6.65 | ) | (0.01 | ) | — | (0.01 | ) | |||||||||||||||
Year Ended July 31, 2020 | $ | 28.37 | (0.25 | ) | (5.38 | ) | (5.63 | ) | (0.07 | ) | — | (0.07 | ) | |||||||||||||||
Year Ended July 31, 2019 | $ | 30.45 | 0.14 | (2.22 | ) | (2.08 | ) | — | — | — | ||||||||||||||||||
Year Ended July 31, 2018 | $ | 35.46 | (0.11 | ) | (4.90 | ) | (5.01 | ) | — | — | — | |||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 14.56 | (0.33 | ) | 0.19 | (0.14 | ) | — | — | — | ||||||||||||||||||
Year Ended July 31, 2021 | $ | 20.82 | (0.51 | ) | (5.75 | ) | (6.26 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2020 | $ | 26.23 | (0.50 | ) | (4.91 | ) | (5.41 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2019 | $ | 28.44 | (0.14 | ) | (2.07 | ) | (2.21 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2018 | $ | 33.46 | (0.42 | ) | (4.60 | ) | (5.02 | ) | — | — | — | |||||||||||||||||
Biotechnology UltraSector ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 85.26 | (0.24 | ) | (15.49 | ) | (15.73 | ) | — | (12.79 | ) | (12.79 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 72.23 | (0.27 | ) | 21.37 | 21.10 | — | (8.07 | ) | (8.07 | ) | |||||||||||||||||
Year Ended July 31, 2020 | $ | 51.90 | (0.06 | ) | 22.42 | 22.36 | — | (2.03 | ) | (2.03 | ) | |||||||||||||||||
Year Ended July 31, 2019 | $ | 66.16 | 0.11 | (11.50 | ) | (11.39 | ) | — | (2.87 | ) | (2.87 | ) | ||||||||||||||||
Year Ended July 31, 2018 | $ | 63.85 | (0.05 | ) | 6.85 | 6.80 | — | (4.49 | ) | (4.49 | ) | |||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 61.86 | (0.71 | ) | (10.53 | ) | (11.24 | ) | — | (12.79 | ) | (12.79 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 55.00 | (0.80 | ) | 15.73 | 14.93 | — | (8.07 | ) | (8.07 | ) | |||||||||||||||||
Year Ended July 31, 2020 | $ | 40.29 | (0.52 | ) | 17.26 | 16.74 | — | (2.03 | ) | (2.03 | ) | |||||||||||||||||
Year Ended July 31, 2019 | $ | 52.66 | (0.35 | ) | (9.15 | ) | (9.50 | ) | — | (2.87 | ) | (2.87 | ) | |||||||||||||||
Year Ended July 31, 2018 | $ | 52.18 | (0.58 | ) | 5.55 | 4.97 | — | (4.49 | ) | (4.49 | ) |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 16.01 | — | (d) | 1.64 | % | 1.64 | % | (1.13 | )% | $ | 12,126 | — | ||||||||||||||
$ | 16.01 | (29.33 | )% | 1.74 | % | 1.74 | % | (1.73 | )% | $ | 9,799 | — | ||||||||||||||
$ | 22.67 | (19.87 | )% | 1.86 | % | 1.86 | % | (0.95 | )% | $ | 15,698 | — | ||||||||||||||
$ | 28.37 | (6.83 | )% | 1.77 | % | 1.77 | % | 0.48 | % | $ | 19,388 | — | ||||||||||||||
$ | 30.45 | (14.13 | )% | 1.59 | % | 1.59 | % | (0.34 | )% | $ | 12,790 | — | ||||||||||||||
$ | 14.42 | (0.96 | )% | 2.64 | % | 2.64 | % | (2.13 | )% | $ | 564 | — | ||||||||||||||
$ | 14.56 | (30.07 | )% | 2.74 | % | 2.74 | % | (2.73 | )% | $ | 789 | — | ||||||||||||||
$ | 20.82 | (20.63 | )% | 2.86 | % | 2.86 | % | (1.95 | )% | $ | 677 | — | ||||||||||||||
$ | 26.23 | (7.77 | )% | 2.77 | % | 2.77 | % | (0.52 | )% | $ | 761 | — | ||||||||||||||
$ | 28.44 | (15.00 | )% | 2.59 | % | 2.59 | % | (1.34 | )% | $ | 659 | — | ||||||||||||||
$ | 56.74 | (20.96 | )% | 1.49 | % | 1.49 | % | (0.37 | )% | $ | 119,791 | 28 | % | |||||||||||||
$ | 85.26 | 32.02 | % | 1.55 | % | 1.55 | % | (0.37 | )% | $ | 168,280 | 62 | % | |||||||||||||
$ | 72.23 | 43.62 | % | 1.61 | % | 1.61 | % | (0.10 | )% | $ | 188,065 | 52 | % | |||||||||||||
$ | 51.90 | (17.10 | )% | 1.52 | % | 1.52 | % | 0.19 | % | $ | 161,970 | 23 | % | |||||||||||||
$ | 66.16 | 10.94 | % | 1.43 | % | 1.43 | % | (0.08 | )% | $ | 246,238 | 11 | % | |||||||||||||
$ | 37.83 | (21.75 | )% | 2.49 | % | 2.49 | % | (1.37 | )% | $ | 3,734 | 28 | % | |||||||||||||
$ | 61.86 | 30.74 | % | 2.54 | % | 2.54 | % | (1.36 | )% | $ | 5,358 | 62 | % | |||||||||||||
$ | 55.00 | 42.20 | % | 2.60 | % | 2.60 | % | (1.09 | )% | $ | 5,999 | 52 | % | |||||||||||||
$ | 40.29 | (17.93 | )% | 2.52 | % | 2.52 | % | (0.80 | )% | $ | 5,559 | 23 | % | |||||||||||||
$ | 52.66 | 9.83 | % | 2.43 | % | 2.43 | % | (1.08 | )% | $ | 9,183 | 11 | % |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | Amount is less than $0.005. |
(d) | Amount is less than 0.005%. |
See accompanying notes to the financial statements.
Financial Highlights :: 299
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Net Realized Gains on Investments | Total Distributions | ||||||||||||||||||||||
Bull ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 61.91 | (0.27 | ) | (3.27 | ) | (3.54 | ) | — | (5.48 | ) | (5.48 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 48.91 | (0.24 | ) | 16.31 | 16.07 | (0.16 | ) | (2.91 | ) | (3.07 | ) | ||||||||||||||||
Year Ended July 31, 2020(c) | $ | 45.33 | (0.01 | ) | 4.39 | 4.38 | (0.18 | ) | (0.62 | ) | (0.80 | ) | ||||||||||||||||
Year Ended July 31, 2019(c) | $ | 42.99 | 0.23 | 2.35 | 2.58 | — | (0.24 | ) | (0.24 | ) | ||||||||||||||||||
Year Ended July 31, 2018(c) | $ | 37.65 | 0.08 | 5.26 | 5.34 | — | — | — | ||||||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 49.77 | (0.72 | ) | (2.48 | ) | (3.20 | ) | — | (5.48 | ) | (5.48 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 40.09 | (0.68 | ) | 13.27 | 12.59 | — | (2.91 | ) | (2.91 | ) | |||||||||||||||||
Year Ended July 31, 2020(c) | $ | 37.50 | (0.38 | ) | 3.59 | 3.21 | — | (0.62 | ) | (0.62 | ) | |||||||||||||||||
Year Ended July 31, 2019(c) | $ | 35.96 | (0.12 | ) | 1.90 | 1.78 | — | (0.24 | ) | (0.24 | ) | |||||||||||||||||
Year Ended July 31, 2018(c) | $ | 31.80 | (0.25 | ) | 4.41 | 4.16 | — | — | — | |||||||||||||||||||
Communication Services UltraSector ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 172.73 | (1.45 | ) | (76.75 | ) | (78.20 | ) | — | (1.17 | ) | (1.17 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 104.67 | (1.61 | ) | 69.67 | 68.06 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 92.86 | (0.99 | ) | 15.68 | 14.69 | (2.88 | ) | — | (2.88 | ) | |||||||||||||||||
Year Ended July 31, 2019 | $ | 72.76 | 2.15 | 17.95 | 20.10 | — | — | — | ||||||||||||||||||||
Year Ended July 31, 2018 | $ | 72.31 | 0.03 | 0.42 | 0.45 | — | — | — | ||||||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 140.52 | (2.58 | ) | (61.74 | ) | (64.32 | ) | — | (1.17 | ) | (1.17 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 85.98 | (2.72 | ) | 57.26 | 54.54 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 76.53 | (1.74 | ) | 12.99 | 11.25 | (1.80 | ) | — | (1.80 | ) | |||||||||||||||||
Year Ended July 31, 2019 | $ | 60.55 | 1.45 | 14.53 | 15.98 | — | — | — | ||||||||||||||||||||
Year Ended July 31, 2018 | $ | 60.80 | (0.54 | ) | 0.29 | (0.25 | ) | — | — | — |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 52.89 | (6.39 | )% | 1.50 | % | 1.50 | % | (0.49 | )% | $ | 33,168 | 58 | % | |||||||||||||
$ | 61.91 | 34.03 | % | 1.55 | % | 1.55 | % | (0.45 | )% | $ | 56,064 | 15 | % | |||||||||||||
$ | 48.91 | 9.68 | % | 1.63 | % | 1.63 | % | (0.01 | )% | $ | 72,210 | 84 | % | |||||||||||||
$ | 45.33 | 5.99 | % | 1.54 | % | 1.54 | % | 0.54 | % | $ | 61,121 | 3 | % | |||||||||||||
$ | 42.99 | 14.20 | % | 1.44 | % | 1.44 | % | 0.21 | % | $ | 47,074 | 26 | % | |||||||||||||
$ | 41.09 | (7.32 | )% | 2.50 | % | 2.50 | % | (1.49 | )% | $ | 10,669 | 58 | % | |||||||||||||
$ | 49.77 | 32.73 | % | 2.55 | % | 2.55 | % | (1.45 | )% | $ | 7,148 | 15 | % | |||||||||||||
$ | 40.09 | 8.57 | % | 2.63 | % | 2.63 | % | (1.01 | )% | $ | 5,327 | 84 | % | |||||||||||||
$ | 37.50 | 4.93 | % | 2.54 | % | 2.54 | % | (0.45 | )% | $ | 4,232 | 3 | % | |||||||||||||
$ | 35.96 | 13.08 | % | 2.43 | % | 2.43 | % | (0.78 | )% | $ | 4,676 | 26 | % | |||||||||||||
$ | 93.36 | (45.54 | )% | 1.94 | % | 1.78 | % | (1.04 | )% | $ | 4,623 | 63 | % | |||||||||||||
$ | 172.73 | 65.05 | % | 1.91 | % | 1.82 | % | (1.17 | )% | $ | 11,327 | 138 | % | |||||||||||||
$ | 104.67 | 16.07 | % | 2.37 | % | 2.11 | %(d) | (1.08 | )% | $ | 5,587 | 82 | % | |||||||||||||
$ | 92.86 | 27.62 | % | 1.62 | % | 1.62 | % | 2.51 | % | $ | 10,109 | 805 | % | |||||||||||||
$ | 72.76 | 0.62 | % | 2.22 | % | 1.78 | % | 0.05 | % | $ | 5,680 | 818 | % | |||||||||||||
$ | 75.03 | (46.09 | )% | 2.94 | % | 2.78 | % | (2.04 | )% | $ | 106 | 63 | % | |||||||||||||
$ | 140.52 | 63.43 | % | 2.91 | % | 2.82 | % | (2.17 | )% | $ | 205 | 138 | % | |||||||||||||
$ | 85.98 | 14.89 | % | 3.37 | % | 3.11 | %(d) | (2.08 | )% | $ | 153 | 82 | % | |||||||||||||
$ | 76.53 | 26.35 | % | 2.62 | % | 2.62 | % | 1.51 | % | $ | 166 | 805 | % | |||||||||||||
$ | 60.55 | (0.38 | )% | 3.22 | % | 2.78 | % | (0.95 | )% | $ | 123 | 818 | % |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | As described in Note 9, share amounts have been adjusted for 3:1 share split that occurred on November 18, 2019. |
(d) | The expense ratio does not correlate to the applicable expense limits in place during the period given that the annual contractual expense limitation is applied for the one year periods ended November 30th of each year, instead of coinciding with the July 31st year end. Details of the current expense limitation in effect can be found in Note 4 of the accompanying Notes to Financial Statements. |
See accompanying notes to the financial statements.
300 :: Financial Highlights
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Net Realized Gains on Investments | Total Distributions | ||||||||||||||||||||||
Consumer Goods UltraSector ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 91.85 | (0.44 | ) | (3.77 | ) | (4.21 | ) | — | (4.39 | ) | (4.39 | ) | |||||||||||||||
Year Ended July 31, 2021(c) | $ | 59.24 | (0.31 | ) | 32.92 | 32.61 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020(c) | $ | 53.09 | 0.23 | 7.52 | 7.75 | — | (1.60 | ) | (1.60 | ) | ||||||||||||||||||
Year Ended July 31, 2019(c) | $ | 51.20 | 0.07 | 2.51 | 2.58 | (0.69 | ) | — | (0.69 | ) | ||||||||||||||||||
Year Ended July 31, 2018(c) | $ | 53.04 | 0.23 | (1.15 | ) | (0.92 | ) | (0.04 | ) | (0.88 | ) | (0.92 | ) | |||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 81.66 | (1.27 | ) | (3.13 | ) | (4.40 | ) | — | (4.39 | ) | (4.39 | ) | |||||||||||||||
Year Ended July 31, 2021(c) | $ | 53.19 | (1.01 | ) | 29.48 | 28.47 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020(c) | $ | 48.29 | (0.25 | ) | 6.75 | 6.50 | — | (1.60 | ) | (1.60 | ) | |||||||||||||||||
Year Ended July 31, 2019(c) | $ | 46.44 | (0.37 | ) | 2.36 | 1.99 | (0.14 | ) | — | (0.14 | ) | |||||||||||||||||
Year Ended July 31, 2018(c) | $ | 48.62 | (0.25 | ) | (1.05 | ) | (1.30 | ) | — | (0.88 | ) | (0.88 | ) | |||||||||||||||
Consumer Services UltraSector ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 72.77 | (0.53 | ) | (20.66 | ) | (21.19 | ) | — | (5.74 | ) | (5.74 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 54.08 | (0.64 | ) | 21.74 | 21.10 | — | (2.41 | ) | (2.41 | ) | |||||||||||||||||
Year Ended July 31, 2020(d) | $ | 46.43 | (0.24 | ) | 7.89 | 7.65 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2019(d) | $ | 43.14 | (0.06 | ) | 5.21 | 5.15 | — | (1.86 | ) | (1.86 | ) | |||||||||||||||||
Year Ended July 31, 2018(d) | $ | 34.40 | (0.09 | ) | 9.58 | 9.49 | — | (0.75 | ) | (0.75 | ) | |||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 60.86 | (1.04 | ) | (16.76 | ) | (17.80 | ) | — | (5.74 | ) | (5.74 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 45.99 | (1.19 | ) | 18.47 | 17.28 | — | (2.41 | ) | (2.41 | ) | |||||||||||||||||
Year Ended July 31, 2020(d) | $ | 39.89 | (0.63 | ) | 6.73 | 6.10 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2019(d) | $ | 37.73 | (0.43 | ) | 4.45 | 4.02 | — | (1.86 | ) | (1.86 | ) | |||||||||||||||||
Year Ended July 31, 2018(d) | $ | 30.47 | (0.43 | ) | 8.44 | 8.01 | — | (0.75 | ) | (0.75 | ) |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 83.25 | (5.34 | )% | 1.88 | % | 1.78 | % | (0.48 | )% | $ | 3,965 | 142 | % | |||||||||||||
$ | 91.85 | 55.06 | % | 1.88 | % | 1.78 | % | (0.40 | )% | $ | 4,950 | 209 | % | |||||||||||||
$ | 59.24 | 14.68 | % | 2.08 | % | 1.78 | % | 0.44 | % | $ | 7,596 | 162 | % | |||||||||||||
$ | 53.09 | 5.40 | % | 2.11 | % | 1.91 | % | 0.15 | % | $ | 4,495 | 46 | % | |||||||||||||
$ | 51.20 | (1.87 | )% | 1.89 | % | 1.83 | % | 0.44 | % | $ | 5,321 | 155 | % | |||||||||||||
$ | 72.87 | (6.25 | )% | 2.88 | % | 2.78 | % | (1.48 | )% | $ | 241 | 142 | % | |||||||||||||
$ | 81.66 | 53.53 | % | 2.88 | % | 2.78 | % | (1.40 | )% | $ | 441 | 209 | % | |||||||||||||
$ | 53.19 | 13.53 | % | 3.08 | % | 2.78 | % | (0.56 | )% | $ | 457 | 162 | % | |||||||||||||
$ | 48.29 | 4.38 | % | 3.09 | % | 2.89 | % | (0.83 | )% | $ | 391 | 46 | % | |||||||||||||
$ | 46.44 | (2.85 | )% | 2.89 | % | 2.83 | % | (0.56 | )% | $ | 699 | 155 | % | |||||||||||||
$ | 45.84 | (31.68 | )% | 1.54 | % | 1.54 | % | (0.86 | )% | $ | 30,510 | 31 | % | |||||||||||||
$ | 72.77 | 39.66 | % | 1.56 | % | 1.56 | % | (0.97 | )% | $ | 76,287 | 130 | % | |||||||||||||
$ | 54.08 | 16.47 | % | 1.67 | % | 1.67 | % | (0.53 | )% | $ | 44,827 | 80 | % | |||||||||||||
$ | 46.43 | 13.46 | % | 1.57 | % | 1.57 | % | (0.13 | )% | $ | 90,523 | 106 | % | |||||||||||||
$ | 43.14 | 27.92 | % | 1.52 | % | 1.52 | % | (0.22 | )% | $ | 131,835 | 35 | % | |||||||||||||
$ | 37.32 | (32.37 | )% | 2.54 | % | 2.54 | % | (1.86 | )% | $ | 615 | 31 | % | |||||||||||||
$ | 60.86 | 38.29 | % | 2.56 | % | 2.56 | % | (1.97 | )% | $ | 1,594 | 130 | % | |||||||||||||
$ | 45.99 | 15.30 | % | 2.67 | % | 2.67 | % | (1.53 | )% | $ | 1,595 | 80 | % | |||||||||||||
$ | 39.89 | 12.34 | % | 2.57 | % | 2.57 | % | (1.13 | )% | $ | 2,524 | 106 | % | |||||||||||||
$ | 37.73 | 26.64 | % | 2.52 | % | 2.52 | % | (1.22 | )% | $ | 5,163 | 35 | % |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | As described in Note 9, share amounts have been adjusted for 2:1 share split that occurred on December 14, 2020. |
(d) | As described in Note 9, share amounts have been adjusted for 3:1 share split that occurred on November 18, 2019. |
See accompanying notes to the financial statements.
Financial Highlights :: 301
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Total Distributions | |||||||||||||||||||
Europe 30 ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 13.97 | 0.23 | (1.10 | ) | (0.87 | ) | (0.12 | ) | (0.12 | ) | |||||||||||||
Year Ended July 31, 2021 | $ | 10.91 | 0.13 | 3.23 | 3.36 | (0.30 | ) | (0.30 | ) | |||||||||||||||
Year Ended July 31, 2020 | $ | 12.56 | 0.16 | (1.70 | ) | (1.54 | ) | (0.11 | ) | (0.11 | ) | |||||||||||||
Year Ended July 31, 2019 | $ | 14.58 | 0.25 | (0.86 | ) | (0.61 | ) | (1.41 | ) | (1.41 | ) | |||||||||||||
Year Ended July 31, 2018 | $ | 13.99 | 0.17 | 0.56 | 0.73 | (0.14 | ) | (0.14 | ) | |||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 15.25 | 0.08 | (1.16 | ) | (1.08 | ) | (0.12 | ) | (0.12 | ) | |||||||||||||
Year Ended July 31, 2021 | $ | 11.90 | (0.01 | ) | 3.54 | 3.53 | (0.18 | ) | (0.18 | ) | ||||||||||||||
Year Ended July 31, 2020 | $ | 13.74 | 0.03 | (1.87 | ) | (1.84 | ) | — | — | |||||||||||||||
Year Ended July 31, 2019 | $ | 15.32 | 0.11 | (0.83 | ) | (0.72 | ) | (0.86 | ) | (0.86 | ) | |||||||||||||
Year Ended July 31, 2018 | $ | 14.72 | 0.02 | 0.58 | 0.60 | — | — | |||||||||||||||||
Falling U.S. Dollar ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 16.23 | (0.23 | ) | (2.19 | ) | (2.42 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021 | $ | 16.41 | (0.29 | ) | 0.11 | (e) | (0.18 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020 | $ | 15.97 | (0.12 | ) | 0.56 | 0.44 | — | — | ||||||||||||||||
Year Ended July 31, 2019 | $ | 17.03 | 0.08 | (1.14 | ) | (1.06 | ) | — | — | |||||||||||||||
Year Ended July 31, 2018 | $ | 17.77 | (0.08 | ) | (0.66 | ) | (0.74 | ) | — | — | ||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 14.71 | (0.37 | ) | (1.90 | ) | (2.27 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021 | $ | 15.05 | (0.44 | ) | 0.10 | (e) | (0.34 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020 | $ | 14.81 | (0.27 | ) | 0.51 | 0.24 | — | — | ||||||||||||||||
Year Ended July 31, 2019 | $ | 15.93 | (0.08 | ) | (1.04 | ) | (1.12 | ) | — | — | ||||||||||||||
Year Ended July 31, 2018 | $ | 16.78 | (0.24 | ) | (0.61 | ) | (0.85 | ) | — | — |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 12.98 | (6.25 | )% | 2.32 | % | 1.78 | % | 1.68 | % | $ | 4,540 | 954 | % | |||||||||||||
$ | 13.97 | 31.39 | % | 2.15 | % | 1.78 | % | 1.03 | % | $ | 3,190 | 522 | % | |||||||||||||
$ | 10.91 | (12.42 | )% | 2.20 | % | 1.78 | % | 1.35 | % | $ | 4,306 | 1,122 | % | |||||||||||||
$ | 12.56 | (3.95 | )%(c) | 2.23 | % | 1.78 | % | 1.96 | % | $ | 4,997 | 1,311 | % | |||||||||||||
$ | 14.58 | 5.30 | %(d) | 1.87 | % | 1.75 | % | 1.19 | % | $ | 3,109 | 540 | % | |||||||||||||
$ | 14.05 | (7.11 | )% | 3.32 | % | 2.78 | % | 0.68 | % | $ | 187 | 954 | % | |||||||||||||
$ | 15.25 | 30.05 | % | 3.15 | % | 2.78 | % | 0.03 | % | $ | 212 | 522 | % | |||||||||||||
$ | 11.90 | (13.46 | )% | 3.20 | % | 2.78 | % | 0.35 | % | $ | 159 | 1,122 | % | |||||||||||||
$ | 13.74 | (4.80 | )%(c) | 3.23 | % | 2.78 | % | 0.96 | % | $ | 265 | 1,311 | % | |||||||||||||
$ | 15.32 | 4.14 | %(d) | 2.87 | % | 2.75 | % | 0.19 | % | $ | 328 | 540 | % | |||||||||||||
$ | 13.81 | (14.85 | )% | 4.94 | % | 1.78 | % | (1.53 | )% | $ | 750 | — | ||||||||||||||
$ | 16.23 | (1.10 | )% | 3.20 | % | 1.78 | % | (1.77 | )% | $ | 1,240 | — | ||||||||||||||
$ | 16.41 | 2.76 | % | 5.66 | % | 1.78 | % | (0.78 | )% | $ | 1,230 | — | ||||||||||||||
$ | 15.97 | (6.22 | )% | 2.98 | % | 1.78 | % | 0.48 | % | $ | 1,000 | — | ||||||||||||||
$ | 17.03 | (4.16 | )% | 2.96 | % | 1.78 | % | (0.44 | )% | $ | 1,255 | — | ||||||||||||||
$ | 12.44 | (15.80 | )% | 5.94 | % | 2.78 | % | (2.53 | )% | $ | 3 | — | ||||||||||||||
$ | 14.71 | (2.12 | )% | 4.20 | % | 2.78 | % | (2.77 | )% | $ | 2 | — | ||||||||||||||
$ | 15.05 | 1.82 | % | 6.66 | % | 2.78 | % | (1.78 | )% | $ | 2 | — | ||||||||||||||
$ | 14.81 | (7.09 | )% | 3.98 | % | 2.78 | % | (0.52 | )% | $ | 7 | — | ||||||||||||||
$ | 15.93 | (5.07 | )% | 3.96 | % | 2.78 | % | (1.44 | )% | $ | 744 | — |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | During the year ended July 31, 2019, the ProFund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was an increase of 2.65%. |
(d) | During the year ended July 31, 2018, the ProFund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was an increase of 0.44%. |
(e) | The amount shown for a share outstanding throughout the period does not accord with the change in aggregate gains and losses in the portfolio of securities during the period because of the timing of sales and purchases of fund shares in relation to fluctuating market values during the period. |
See accompanying notes to the financial statements.
302 :: Financial Highlights
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Net Realized Gains on Investments | Total Distributions | ||||||||||||||||||||||
Financials UltraSector ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 32.99 | (0.13 | ) | (3.52 | ) | (3.65 | ) | — | (2.40 | ) | (2.40 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 19.18 | (0.11 | ) | 13.92 | 13.81 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 24.82 | 0.03 | (5.21 | ) | (5.18 | ) | (0.46 | ) | — | (0.46 | ) | ||||||||||||||||
Year Ended July 31, 2019 | $ | 23.18 | 0.13 | 1.51 | 1.64 | — | — | — | ||||||||||||||||||||
Year Ended July 31, 2018 | $ | 19.90 | 0.01 | 3.27 | 3.28 | — | — | — | ||||||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 27.76 | (0.40 | ) | (2.82 | ) | (3.22 | ) | — | (2.40 | ) | (2.40 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 16.31 | (0.33 | ) | 11.78 | 11.45 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 21.11 | (0.16 | ) | (4.48 | ) | (4.64 | ) | (0.16 | ) | — | (0.16 | ) | |||||||||||||||
Year Ended July 31, 2019 | $ | 19.91 | (0.07 | ) | 1.27 | 1.20 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2018 | $ | 17.27 | (0.18 | ) | 2.82 | 2.64 | — | — | — | |||||||||||||||||||
Health Care UltraSector ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 106.01 | (0.51 | ) | (5.70 | ) | (6.21 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2021 | $ | 75.52 | (0.50 | ) | 30.99 | 30.49 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 61.57 | (0.19 | ) | 14.17 | 13.98 | (0.03 | ) | — | (0.03 | ) | |||||||||||||||||
Year Ended July 31, 2019 | $ | 60.66 | 0.10 | 0.83 | 0.93 | (0.02 | ) | — | (0.02 | ) | ||||||||||||||||||
Year Ended July 31, 2018 | $ | 56.25 | (0.05 | ) | 10.27 | 10.22 | — | (5.81 | ) | (5.81 | ) | |||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 86.59 | (1.35 | ) | (4.53 | ) | (5.88 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2021 | $ | 62.29 | (1.19 | ) | 25.49 | 24.30 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 51.25 | (0.73 | ) | 11.77 | 11.04 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2019 | $ | 50.97 | (0.40 | ) | 0.68 | 0.28 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2018 | $ | 48.57 | (0.53 | ) | 8.74 | 8.21 | — | (5.81 | ) | (5.81 | ) |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000’s) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 26.94 | (12.30 | )% | 1.73 | % | 1.72 | % | (0.41 | )% | $ | 5,211 | 306 | % | |||||||||||||
$ | 32.99 | 72.00 | % | 1.79 | % | 1.75 | % | (0.38 | )% | $ | 11,499 | 650 | % | |||||||||||||
$ | 19.18 | (21.40 | )% | 1.87 | % | 1.84 | % | 0.13 | % | $ | 4,239 | 271 | % | |||||||||||||
$ | 24.82 | 7.07 | % | 1.72 | % | 1.72 | % | 0.56 | % | $ | 39,881 | 394 | % | |||||||||||||
$ | 23.18 | 16.48 | % | 1.66 | % | 1.66 | % | 0.06 | % | $ | 9,238 | 360 | % | |||||||||||||
$ | 22.14 | (13.15 | )% | 2.73 | % | 2.72 | % | (1.41 | )% | $ | 535 | 306 | % | |||||||||||||
$ | 27.76 | 70.20 | % | 2.79 | % | 2.75 | % | (1.38 | )% | $ | 675 | 650 | % | |||||||||||||
$ | 16.31 | (22.20 | )% | 2.87 | % | 2.84 | % | (0.87 | )% | $ | 443 | 271 | % | |||||||||||||
$ | 21.11 | 5.97 | % | 2.72 | % | 2.72 | % | (0.44 | )% | $ | 1,326 | 394 | % | |||||||||||||
$ | 19.91 | 15.34 | % | 2.66 | % | 2.66 | % | (0.94 | )% | $ | 811 | 360 | % | |||||||||||||
$ | 99.80 | (5.85 | )% | 1.61 | % | 1.61 | % | (0.50 | )% | $ | 16,631 | 110 | % | |||||||||||||
$ | 106.01 | 40.37 | % | 1.73 | % | 1.73 | % | (0.59 | )% | $ | 40,753 | 226 | % | |||||||||||||
$ | 75.52 | 22.71 | % | 1.78 | % | 1.78 | % | (0.28 | )% | $ | 46,004 | 201 | % | |||||||||||||
$ | 61.57 | 1.54 | % | 1.58 | % | 1.58 | % | 0.16 | % | $ | 14,650 | 226 | % | |||||||||||||
$ | 60.66 | 19.30 | % | 1.56 | % | 1.56 | % | (0.09 | )% | $ | 39,320 | 151 | % | |||||||||||||
$ | 80.71 | (6.79 | )% | 2.61 | % | 2.61 | % | (1.50 | )% | $ | 1,075 | 110 | % | |||||||||||||
$ | 86.59 | 39.03 | % | 2.71 | % | 2.71 | % | (1.57 | )% | $ | 1,213 | 226 | % | |||||||||||||
$ | 62.29 | 21.54 | % | 2.74 | % | 2.74 | % | (1.24 | )% | $ | 1,180 | 201 | % | |||||||||||||
$ | 51.25 | 0.55 | % | 2.55 | % | 2.55 | % | (0.81 | )% | $ | 1,328 | 226 | % | |||||||||||||
$ | 50.97 | 18.14 | % | 2.55 | % | 2.55 | % | (1.08 | )% | $ | 2,230 | 151 | % |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
See accompanying notes to the financial statements.
Financial Highlights :: 303
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | ||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Realized Gains on Investments | Total Distributions | ||||||||||||||||||
Industrials UltraSector ProFund | |||||||||||||||||||||||
Investor Class | |||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 61.05 | (0.40 | ) | (11.73 | ) | (12.13 | ) | (2.07 | ) | (2.07 | ) | |||||||||||
Year Ended July 31, 2021 | $ | 36.50 | (0.44 | ) | 24.99 | 24.55 | — | — | |||||||||||||||
Year Ended July 31, 2020(c) | $ | 39.16 | (0.09 | ) | (2.57 | ) | (2.66 | ) | — | — | |||||||||||||
Year Ended July 31, 2019(c) | $ | 36.86 | (0.04 | ) | 2.34 | 2.30 | — | — | |||||||||||||||
Year Ended July 31, 2018(c) | $ | 31.94 | (0.04 | ) | 6.39 | 6.35 | (1.43 | ) | (1.43 | ) | |||||||||||||
Service Class | |||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 52.23 | (0.85 | ) | (9.86 | ) | (10.71 | ) | (2.07 | ) | (2.07 | ) | |||||||||||
Year Ended July 31, 2021 | $ | 31.55 | (0.89 | ) | 21.57 | 20.68 | — | — | |||||||||||||||
Year Ended July 31, 2020(c) | $ | 34.18 | (0.42 | ) | (2.21 | ) | (2.63 | ) | — | — | |||||||||||||
Year Ended July 31, 2019(c) | $ | 32.50 | (0.35 | ) | 2.03 | 1.68 | — | — | |||||||||||||||
Year Ended July 31, 2018(c) | $ | 28.59 | (0.35 | ) | 5.69 | 5.34 | (1.43 | ) | (1.43 | ) | |||||||||||||
Internet UltraSector ProFund | |||||||||||||||||||||||
Investor Class | |||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 79.79 | (0.68 | ) | (39.88 | ) | (40.56 | ) | (10.63 | ) | (10.63 | ) | |||||||||||
Year Ended July 31, 2021(d) | $ | 66.20 | (0.95 | ) | 28.88 | 27.93 | (14.34 | ) | (14.34 | ) | |||||||||||||
Year Ended July 31, 2020(d) | $ | 49.72 | (0.46 | ) | 17.00 | 16.54 | (0.06 | ) | (0.06 | ) | |||||||||||||
Year Ended July 31, 2019(d) | $ | 46.29 | (0.34 | ) | 3.78 | 3.43 | — | — | |||||||||||||||
Year Ended July 31, 2018(d) | $ | 32.50 | (0.38 | ) | 17.40 | 17.02 | (3.23 | ) | (3.23 | ) | |||||||||||||
Service Class | |||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 56.65 | (1.05 | ) | (26.32 | ) | (27.37 | ) | (10.63 | ) | (10.63 | ) | |||||||||||
Year Ended July 31, 2021(d) | $ | 50.74 | (1.49 | ) | 21.74 | 20.25 | (14.34 | ) | (14.34 | ) | |||||||||||||
Year Ended July 31, 2020(d) | $ | 38.50 | (0.83 | ) | 13.13 | 12.30 | (0.06 | ) | (0.06 | ) | |||||||||||||
Year Ended July 31, 2019(d) | $ | 36.20 | (0.70 | ) | 3.00 | 2.30 | — | — | |||||||||||||||
Year Ended July 31, 2018(d) | $ | 26.25 | (0.70 | ) | 13.88 | 13.18 | (3.23 | ) | (3.23 | ) |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 46.85 | (20.49 | )% | 1.88 | % | 1.75 | % | (0.70 | )% | $ | 3,354 | 174 | % | |||||||||||||
$ | 61.05 | 67.26 | % | 1.86 | % | 1.78 | % | (0.84 | )% | $ | 19,362 | 427 | % | |||||||||||||
$ | 36.50 | (6.78 | )% | 2.12 | % | 1.87 | % | (0.23 | )% | $ | 4,033 | 57 | % | |||||||||||||
$ | 39.16 | 6.22 | % | 1.84 | % | 1.84 | % | (0.10 | )% | $ | 9,520 | 485 | % | |||||||||||||
$ | 36.86 | 20.04 | % | 1.63 | % | 1.63 | % | (0.12 | )% | $ | 7,850 | 240 | % | |||||||||||||
$ | 39.45 | (21.29 | )% | 2.88 | % | 2.75 | % | (1.70 | )% | $ | 276 | 174 | % | |||||||||||||
$ | 52.23 | 65.58 | % | 2.86 | % | 2.78 | % | (1.84 | )% | $ | 404 | 427 | % | |||||||||||||
$ | 31.55 | (7.69 | )% | 3.12 | % | 2.87 | % | (1.23 | )% | $ | 226 | 57 | % | |||||||||||||
$ | 34.18 | 5.16 | % | 2.84 | % | 2.84 | % | (1.10 | )% | $ | 962 | 485 | % | |||||||||||||
$ | 32.50 | 18.83 | % | 2.63 | % | 2.63 | % | (1.12 | )% | $ | 510 | 240 | % | |||||||||||||
$ | 28.60 | (57.90 | )% | 1.48 | % | 1.48 | % | (1.28 | )% | $ | 76,762 | 26 | % | |||||||||||||
$ | 79.79 | 45.51 | % | 1.52 | % | 1.52 | % | (1.34 | )% | $ | 224,716 | 55 | % | |||||||||||||
$ | 66.20 | 33.31 | % | 1.60 | % | 1.60 | % | (0.97 | )% | $ | 206,228 | 59 | % | |||||||||||||
$ | 49.72 | 7.43 | % | 1.50 | % | 1.50 | % | (0.75 | )% | $ | 209,745 | 61 | % | |||||||||||||
$ | 46.29 | 55.54 | % | 1.42 | % | 1.42 | % | (0.94 | )% | $ | 275,914 | 69 | % | |||||||||||||
$ | 18.65 | (58.32 | )% | 2.48 | % | 2.48 | % | (2.28 | )% | $ | 3,642 | 26 | % | |||||||||||||
$ | 56.65 | 44.07 | % | 2.52 | % | 2.52 | % | (2.34 | )% | $ | 14,190 | 55 | % | |||||||||||||
$ | 50.74 | 32.01 | % | 2.60 | % | 2.60 | % | (1.97 | )% | $ | 9,906 | 59 | % | |||||||||||||
$ | 38.50 | 6.35 | % | 2.50 | % | 2.50 | % | (1.75 | )% | $ | 10,311 | 61 | % | |||||||||||||
$ | 36.20 | 54.00 | % | 2.42 | % | 2.42 | % | (1.94 | )% | $ | 16,652 | 69 | % |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | As described in Note 9, share amounts have been adjusted for 3:1 share split that occurred on November 18, 2019. |
(d) | As described in Note 9, share amounts have been adjusted for 2:1 share split that occurred on December 14, 2020. |
See accompanying notes to the financial statements.
304 :: Financial Highlights
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Net Realized Gains on Investments | Total Distributions | ||||||||||||||||||||||
Large-Cap Growth ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 146.04 | (1.19 | ) | (14.13 | ) | (15.32 | ) | — | (1.56 | ) | (1.56 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 111.89 | (0.81 | ) | 39.10 | 38.29 | — | (4.14 | ) | (4.14 | ) | |||||||||||||||||
Year Ended July 31, 2020 | $ | 95.94 | (0.33 | ) | 20.61 | 20.28 | — | (4.33 | ) | (4.33 | ) | |||||||||||||||||
Year Ended July 31, 2019 | $ | 90.85 | (0.12 | ) | 6.68 | 6.56 | — | (1.47 | ) | (1.47 | ) | |||||||||||||||||
Year Ended July 31, 2018 | $ | 77.09 | (0.15 | ) | 15.06 | 14.91 | — | (1.15 | ) | (1.15 | ) | |||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 118.11 | (2.33 | ) | (11.04 | ) | (13.37 | ) | — | (1.56 | ) | (1.56 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 92.09 | (1.83 | ) | 31.99 | 30.16 | — | (4.14 | ) | (4.14 | ) | |||||||||||||||||
Year Ended July 31, 2020 | $ | 80.47 | (1.14 | ) | 17.09 | 15.95 | — | (4.33 | ) | (4.33 | ) | |||||||||||||||||
Year Ended July 31, 2019 | $ | 77.22 | (0.89 | ) | 5.61 | 4.72 | — | (1.47 | ) | (1.47 | ) | |||||||||||||||||
Year Ended July 31, 2018 | $ | 66.34 | (0.85 | ) | 12.88 | 12.03 | — | (1.15 | ) | (1.15 | ) | |||||||||||||||||
Large-Cap Value ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 84.34 | 0.38 | (1.79 | ) | (1.41 | ) | (0.59 | ) | — | (0.59 | ) | ||||||||||||||||
Year Ended July 31, 2021 | $ | 63.28 | 0.47 | 20.59 | 21.06 | — | — | — | ||||||||||||||||||||
Year Ended July 31, 2020 | $ | 66.30 | 0.64 | (3.66 | ) | (3.02 | ) | — | — | — | ||||||||||||||||||
Year Ended July 31, 2019 | $ | 66.02 | 0.45 | 2.05 | 2.50 | — | (2.22 | ) | (2.22 | ) | ||||||||||||||||||
Year Ended July 31, 2018 | $ | 61.42 | 0.40 | 4.84 | 5.24 | (0.42 | ) | (0.22 | ) | (0.64 | ) | |||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 73.84 | (0.36 | ) | (1.64 | ) | (2.00 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2021 | $ | 55.95 | (0.19 | ) | 18.08 | 17.89 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 59.23 | 0.05 | (3.33 | ) | (3.28 | ) | — | — | — | ||||||||||||||||||
Year Ended July 31, 2019 | $ | 59.82 | (0.12 | ) | 1.75 | 1.63 | — | (2.22 | ) | (2.22 | ) | |||||||||||||||||
Year Ended July 31, 2018 | $ | 55.88 | (0.18 | ) | 4.34 | 4.16 | — | (0.22 | ) | (0.22 | ) |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 129.16 | (10.69 | )%(c) | 1.57 | % | 1.57 | % | (0.84 | )% | $ | 11,048 | 756 | % | |||||||||||||
$ | 146.04 | 34.95 | % | 1.59 | % | 1.59 | % | (0.66 | )% | $ | 31,409 | 297 | % | |||||||||||||
$ | 111.89 | 21.78 | % | 1.69 | % | 1.69 | % | (0.34 | )% | $ | 50,145 | 358 | % | |||||||||||||
$ | 95.94 | 7.56 | % | 1.61 | % | 1.61 | % | (0.14 | )% | $ | 22,113 | 536 | % | |||||||||||||
$ | 90.85 | 19.47 | % | 1.57 | % | 1.57 | % | (0.18 | )% | $ | 33,364 | 380 | % | |||||||||||||
$ | 103.18 | (11.56 | )%(c) | 2.56 | % | 2.56 | % | (1.83 | )% | $ | 1,234 | 756 | % | |||||||||||||
$ | 118.11 | 33.61 | % | 2.58 | % | 2.58 | % | (1.66 | )% | $ | 1,467 | 297 | % | |||||||||||||
$ | 92.09 | 20.53 | % | 2.69 | % | 2.69 | % | (1.34 | )% | $ | 1,014 | 358 | % | |||||||||||||
$ | 80.47 | 6.50 | % | 2.61 | % | 2.61 | % | (1.14 | )% | $ | 3,894 | 536 | % | |||||||||||||
$ | 77.22 | 18.28 | % | 2.57 | % | 2.57 | % | (1.18 | )% | $ | 1,307 | 380 | % | |||||||||||||
$ | 82.34 | (1.72 | )% | 1.65 | % | 1.65 | % | 0.45 | % | $ | 18,196 | 1,059 | % | |||||||||||||
$ | 84.34 | 33.28 | % | 1.71 | % | 1.71 | % | 0.63 | % | $ | 4,334 | 769 | % | |||||||||||||
$ | 63.28 | (4.55 | )% | 1.75 | % | 1.75 | % | 0.94 | % | $ | 4,704 | 481 | % | |||||||||||||
$ | 66.30 | 4.38 | % | 1.80 | % | 1.77 | % | 0.71 | % | $ | 11,810 | 1,011 | % | |||||||||||||
$ | 66.02 | 8.55 | % | 1.85 | % | 1.78 | % | 0.64 | % | $ | 5,296 | 788 | % | |||||||||||||
$ | 71.84 | (2.69 | )% | 2.65 | % | 2.65 | % | (0.55 | )% | $ | 1,784 | 1,059 | % | |||||||||||||
$ | 73.84 | 31.97 | % | 2.71 | % | 2.71 | % | (0.37 | )% | $ | 1,855 | 769 | % | |||||||||||||
$ | 55.95 | (5.54 | )% | 2.75 | % | 2.75 | % | (0.06 | )% | $ | 1,421 | 481 | % | |||||||||||||
$ | 59.23 | 3.37 | % | 2.80 | % | 2.77 | % | (0.29 | )% | $ | 1,233 | 1,011 | % | |||||||||||||
$ | 59.82 | 7.44 | % | 2.85 | % | 2.78 | % | (0.36 | )% | $ | 635 | 788 | % |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | During the year ended July 31, 2022, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.03%. |
See accompanying notes to the financial statements.
Financial Highlights :: 305
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Net Realized Gains on Investments | Total Distributions | ||||||||||||||||||||||
Mid-Cap Growth ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 128.38 | (1.19 | ) | (11.75 | ) | (12.94 | ) | — | (26.94 | ) | (26.94 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 96.99 | (0.78 | ) | 35.25 | 34.47 | — | (3.08 | ) | (3.08 | ) | |||||||||||||||||
Year Ended July 31, 2020 | $ | 94.01 | (0.79 | ) | 3.77 | 2.98 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2019 | $ | 93.83 | (0.40 | ) | 0.58 | 0.18 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2018 | $ | 82.27 | (0.50 | ) | 12.06 | 11.56 | — | — | — | |||||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 104.06 | (2.01 | ) | (8.52 | ) | (10.53 | ) | — | (26.94 | ) | (26.94 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 79.88 | (1.74 | ) | 29.00 | 27.26 | — | (3.08 | ) | (3.08 | ) | |||||||||||||||||
Year Ended July 31, 2020 | $ | 78.22 | (1.56 | ) | 3.22 | 1.66 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2019 | $ | 78.84 | (1.15 | ) | 0.53 | (0.62 | ) | — | — | — | ||||||||||||||||||
Year Ended July 31, 2018 | $ | 69.82 | (1.25 | ) | 10.27 | 9.02 | — | — | — | |||||||||||||||||||
Mid-Cap ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 112.82 | (0.80 | ) | (7.51 | ) | (8.31 | ) | — | (2.51 | ) | (2.51 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 78.62 | (1.05 | ) | 35.48 | 34.43 | — | (0.23 | ) | (0.23 | ) | |||||||||||||||||
Year Ended July 31, 2020 | $ | 87.39 | (0.41 | ) | (4.01 | ) | (4.42 | ) | (0.08 | ) | (4.27 | ) | (4.35 | ) | ||||||||||||||
Year Ended July 31, 2019 | $ | 91.18 | 0.02 | (1.59 | ) | (1.57 | ) | (0.05 | ) | (2.17 | ) | (2.22 | ) | |||||||||||||||
Year Ended July 31, 2018 | $ | 87.31 | (0.20 | ) | 10.73 | 10.53 | — | (6.66 | ) | (6.66 | ) | |||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 90.61 | (1.66 | ) | (5.77 | ) | (7.43 | ) | — | (2.51 | ) | (2.51 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 63.84 | (1.86 | ) | 28.86 | 27.00 | — | (0.23 | ) | (0.23 | ) | |||||||||||||||||
Year Ended July 31, 2020 | $ | 72.34 | (1.07 | ) | (3.16 | ) | (4.23 | ) | — | (4.27 | ) | (4.27 | ) | |||||||||||||||
Year Ended July 31, 2019 | $ | 76.62 | (0.69 | ) | (1.42 | ) | (2.11 | ) | — | (2.17 | ) | (2.17 | ) | |||||||||||||||
Year Ended July 31, 2018 | $ | 75.06 | (0.96 | ) | 9.18 | 8.22 | — | (6.66 | ) | (6.66 | ) |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 88.50 | (13.02 | )% | 2.35 | % | 2.04 | %(c) | (1.19 | )% | $ | 2,708 | 197 | % | |||||||||||||
$ | 128.38 | 35.95 | % | 1.69 | % | 1.69 | % | (0.74 | )% | $ | 3,719 | 233 | % | |||||||||||||
$ | 96.99 | 3.17 | % | 1.77 | % | 1.77 | % | (0.88 | )% | $ | 38,215 | 457 | % | |||||||||||||
$ | 94.01 | 0.19 | % | 1.73 | % | 1.73 | % | (0.44 | )% | $ | 17,792 | 385 | % | |||||||||||||
$ | 93.83 | 14.05 | % | 1.70 | % | 1.70 | % | (0.56 | )% | $ | 19,895 | 384 | % | |||||||||||||
$ | 66.59 | (13.90 | )% | 3.35 | % | 3.04 | %(c) | (2.19 | )% | $ | 522 | 197 | % | |||||||||||||
$ | 104.06 | 34.61 | % | 2.69 | % | 2.69 | % | (1.74 | )% | $ | 782 | 233 | % | |||||||||||||
$ | 79.88 | 2.12 | % | 2.77 | % | 2.77 | % | (1.88 | )% | $ | 780 | 457 | % | |||||||||||||
$ | 78.22 | (0.79 | )% | 2.73 | % | 2.73 | % | (1.44 | )% | $ | 2,315 | 385 | % | |||||||||||||
$ | 78.84 | 12.92 | % | 2.70 | % | 2.70 | % | (1.56 | )% | $ | 950 | 384 | % | |||||||||||||
$ | 102.00 | (7.57 | )%(d) | 1.95 | % | 1.82 | % | (0.76 | )% | $ | 3,106 | 18 | % | |||||||||||||
$ | 112.82 | 43.91 | % | 1.83 | % | 1.83 | % | (1.06 | )% | $ | 6,198 | 107 | % | |||||||||||||
$ | 78.62 | (5.52 | )% | 1.97 | % | 1.97 | %(c) | (0.52 | )% | $ | 4,207 | 238 | % | |||||||||||||
$ | 87.39 | (1.25 | )% | 1.67 | % | 1.67 | % | 0.03 | % | $ | 7,025 | 43 | % | |||||||||||||
$ | 91.18 | 12.38 | % | 1.54 | % | 1.54 | % | (0.23 | )% | $ | 19,933 | 21 | % | |||||||||||||
$ | 80.67 | (8.47 | )%(d) | 2.95 | % | 2.82 | % | (1.76 | )% | $ | 795 | 18 | % | |||||||||||||
$ | 90.61 | 42.47 | % | 2.83 | % | 2.83 | % | (2.06 | )% | $ | 816 | 107 | % | |||||||||||||
$ | 63.84 | (6.45 | )% | 2.97 | % | 2.97 | %(c) | (1.52 | )% | $ | 556 | 238 | % | |||||||||||||
$ | 72.34 | (2.23 | )% | 2.67 | % | 2.67 | % | (0.97 | )% | $ | 2,655 | 43 | % | |||||||||||||
$ | 76.62 | 11.26 | % | 2.54 | % | 2.54 | % | (1.23 | )% | $ | 783 | 21 | % |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | The expense ratio does not correlate to the applicable expense limits in place during the period given that the annual contractual expense limitation is applied for the one year periods ended November 30th of each year, instead of coinciding with the July 31st year end. Details of the current expense limitation in effect can be found in Note 4 of the accompanying Notes to Financial Statements. |
(d) | During the year ended July 31, 2022, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.04%. |
See accompanying notes to the financial statements.
306 :: Financial Highlights
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Net Realized Gains on Investments | Total Distributions | ||||||||||||||||||||||
Mid-Cap Value ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 95.91 | 0.19 | (1.93 | )(c) | (1.74 | ) | — | (0.89 | ) | (0.89 | ) | ||||||||||||||||
Year Ended July 31, 2021 | $ | 62.48 | 0.10 | 33.50 | 33.60 | (0.17 | ) | — | (0.17 | ) | ||||||||||||||||||
Year Ended July 31, 2020 | $ | 73.65 | 0.20 | (11.06 | ) | (10.86 | ) | (0.31 | )(e) | — | (0.31 | ) | ||||||||||||||||
Year Ended July 31, 2019 | $ | 78.08 | 0.08 | (2.04 | ) | (1.96 | ) | (0.11 | ) | (2.36 | ) | (2.47 | ) | |||||||||||||||
Year Ended July 31, 2018 | $ | 78.19 | (0.11 | ) | 8.25 | 8.14 | — | (8.25 | ) | (8.25 | ) | |||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 77.37 | (0.57 | ) | (1.58 | )(c) | (2.15 | ) | — | (0.89 | ) | (0.89 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 50.79 | (0.57 | ) | 27.15 | 26.58 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 60.23 | (0.36 | ) | (9.08 | ) | (9.44 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2019 | $ | 64.88 | (0.52 | ) | (1.77 | ) | (2.29 | ) | — | (2.36 | ) | (2.36 | ) | |||||||||||||||
Year Ended July 31, 2018 | $ | 66.90 | (0.76 | ) | 6.99 | 6.23 | — | (8.25 | ) | (8.25 | ) | |||||||||||||||||
Nasdaq-100 ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 139.20 | (1.27 | ) | (19.08 | ) | (20.35 | ) | — | (3.69 | ) | (3.69 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 104.21 | (1.20 | ) | 37.52 | 36.32 | — | (1.33 | ) | (1.33 | ) | |||||||||||||||||
Year Ended July 31, 2020 | $ | 76.83 | (0.54 | ) | 28.66 | 28.12 | — | (0.74 | ) | (0.74 | ) | |||||||||||||||||
Year Ended July 31, 2019 | $ | 71.37 | 0.02 | 5.44 | 5.46 | — | — | — | ||||||||||||||||||||
Year Ended July 31, 2018 | $ | 58.96 | (0.19 | ) | 13.07 | 12.88 | — | (0.47 | ) | (0.47 | ) | |||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 111.10 | (2.30 | ) | (14.70 | ) | (17.00 | ) | — | (3.69 | ) | (3.69 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 84.23 | (2.15 | ) | 30.35 | 28.20 | — | (1.33 | ) | (1.33 | ) | |||||||||||||||||
Year Ended July 31, 2020 | $ | 62.84 | (1.22 | ) | 23.35 | 22.13 | — | (0.74 | ) | (0.74 | ) | |||||||||||||||||
Year Ended July 31, 2019 | $ | 58.96 | (0.56 | ) | 4.44 | 3.88 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2018 | $ | 49.27 | (0.74 | ) | 10.90 | 10.16 | — | (0.47 | ) | (0.47 | ) |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 93.28 | (1.86 | )%(d) | 1.85 | % | 1.78 | % | 0.21 | % | $ | 21,740 | 512 | % | |||||||||||||
$ | 95.91 | 53.86 | % | 1.86 | % | 1.78 | % | 0.13 | % | $ | 4,856 | 772 | % | |||||||||||||
$ | 62.48 | (14.82 | )%(f) | 2.10 | % | 1.78 | % | 0.29 | % | $ | 4,189 | 322 | % | |||||||||||||
$ | 73.65 | (1.94 | )% | 1.78 | % | 1.78 | % | 0.11 | % | $ | 5,554 | 708 | % | |||||||||||||
$ | 78.08 | 10.85 | % | 1.94 | % | 1.78 | % | (0.15 | )% | $ | 7,731 | 312 | % | |||||||||||||
$ | 74.33 | (2.84 | )%(d) | 2.85 | % | 2.78 | % | (0.79 | )% | $ | 620 | 512 | % | |||||||||||||
$ | 77.37 | 52.35 | % | 2.86 | % | 2.78 | % | (0.87 | )% | $ | 649 | 772 | % | |||||||||||||
$ | 50.79 | (15.67 | )%(f) | 3.10 | % | 2.78 | % | (0.71 | )% | $ | 417 | 322 | % | |||||||||||||
$ | 60.23 | (2.89 | )% | 2.78 | % | 2.78 | % | (0.89 | )% | $ | 587 | 708 | % | |||||||||||||
$ | 64.88 | 9.73 | % | 2.94 | % | 2.78 | % | (1.15 | )% | $ | 562 | 312 | % | |||||||||||||
$ | 115.16 | (15.20 | )% | 1.46 | % | 1.46 | % | (0.97 | )% | $ | 48,382 | 635 | % | |||||||||||||
$ | 139.20 | 35.07 | % | 1.48 | % | 1.48 | % | (1.01 | )% | $ | 153,313 | 440 | % | |||||||||||||
$ | 104.21 | 36.83 | % | 1.56 | % | 1.56 | % | (0.65 | )% | $ | 108,633 | 39 | % | |||||||||||||
$ | 76.83 | 7.65 | % | 1.52 | % | 1.52 | % | 0.03 | % | $ | 101,799 | 15 | % | |||||||||||||
$ | 71.37 | 21.94 | % | 1.44 | % | 1.44 | % | (0.30 | )% | $ | 83,056 | 3 | % | |||||||||||||
$ | 90.41 | (16.03 | )% | 2.46 | % | 2.46 | % | (1.97 | )% | $ | 6,964 | 635 | % | |||||||||||||
$ | 111.10 | 33.74 | % | 2.48 | % | 2.48 | % | (2.01 | )% | $ | 7,473 | 440 | % | |||||||||||||
$ | 84.23 | 35.48 | % | 2.55 | % | 2.55 | % | (1.64 | )% | $ | 8,412 | 39 | % | |||||||||||||
$ | 62.84 | 6.58 | % | 2.51 | % | 2.51 | % | (0.96 | )% | $ | 5,884 | 15 | % | |||||||||||||
$ | 58.96 | 20.75 | % | 2.44 | % | 2.44 | % | (1.30 | )% | $ | 8,137 | 3 | % |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | The amount shown for a share outstanding throughout the period does not accord with the change in aggregate gains and losses in the portfolio of securities during the period because of the timing of sales and purchases of fund shares in relation to fluctuating market values during the period. |
(d) | During the year ended July 31, 2022, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.06%. |
(e) | Subsequent to the issuance of the July 31, 2020 financial statements, $0.05 of the distribution was determined to be a return of capital. |
(f) | During the year ended July 31, 2020, the ProFund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.22%. |
See accompanying notes to the financial statements.
Financial Highlights :: 307
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Total Distributions | |||||||||||||||||||
Oil & Gas UltraSector ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 19.35 | 0.44 | 18.84 | 19.28 | (0.37 | ) | (0.37 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 11.97 | 0.23 | 7.38 | 7.61 | (0.23 | ) | (0.23 | ) | |||||||||||||||
Year Ended July 31, 2020 | $ | 29.28 | 0.29 | (17.22 | ) | (16.93 | ) | (0.38 | ) | (0.38 | ) | |||||||||||||
Year Ended July 31, 2019 | $ | 42.24 | 0.37 | (12.87 | ) | (12.50 | ) | (0.46 | ) | (0.46 | ) | |||||||||||||
Year Ended July 31, 2018 | $ | 33.39 | 0.29 | 8.88 | 9.17 | (0.32 | ) | (0.32 | ) | |||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 16.49 | 0.18 | 16.02 | 16.20 | (0.17 | ) | (0.17 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 10.27 | 0.09 | 6.27 | 6.36 | (0.14 | ) | (0.14 | ) | |||||||||||||||
Year Ended July 31, 2020 | $ | 25.07 | 0.14 | (14.88 | ) | (14.74 | ) | (0.06 | ) | (0.06 | ) | |||||||||||||
Year Ended July 31, 2019 | $ | 36.03 | 0.08 | (10.96 | ) | (10.88 | ) | (0.08 | ) | (0.08 | ) | |||||||||||||
Year Ended July 31, 2018 | $ | 28.53 | (0.02 | ) | 7.52 | 7.50 | — | — | ||||||||||||||||
Oil Equipment & Services UltraSector ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 61.47 | (0.51 | ) | 16.33 | 15.82 | — | — | ||||||||||||||||
Year Ended July 31, 2021(c) | $ | 36.47 | (0.47 | ) | 25.55 | (d) | 25.08 | (0.08 | ) | (0.08 | ) | |||||||||||||
Year Ended July 31, 2020(c)(e) | $ | 166.00 | 0.20 | (129.73 | ) | (129.53 | ) | — | — | |||||||||||||||
Year Ended July 31, 2019(c)(e) | $ | 403.70 | (1.28 | ) | (232.26 | ) | (233.54 | ) | (4.16 | ) | (4.16 | ) | ||||||||||||
Year Ended July 31, 2018(c)(e) | $ | 401.13 | 3.20 | 8.65 | 11.85 | (9.28 | ) | (9.28 | ) | |||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 54.96 | (1.20 | ) | 14.65 | 13.45 | — | — | ||||||||||||||||
Year Ended July 31, 2021(c) | $ | 32.90 | (0.95 | ) | 23.01 | (d) | 22.06 | — | — | |||||||||||||||
Year Ended July 31, 2020(c)(e) | $ | 151.47 | (0.04 | ) | (118.53 | ) | (118.57 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019(c)(e) | $ | 362.87 | (3.20 | ) | (208.20 | ) | (211.40 | ) | — | (g) | — | (g) | ||||||||||||
Year Ended July 31, 2018(c)(e) | $ | 359.98 | (0.32 | ) | 7.37 | 7.05 | (4.16 | ) | (4.16 | ) |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 38.26 | 100.88 | % | 1.51 | % | 1.51 | % | 1.47 | % | $ | 42,754 | 117 | % | |||||||||||||
$ | 19.35 | 64.47 | % | 1.64 | % | 1.64 | % | 1.36 | % | $ | 29,753 | 239 | % | |||||||||||||
$ | 11.97 | (58.57 | )% | 1.87 | % | 1.87 | % | 1.61 | % | $ | 11,544 | 40 | % | |||||||||||||
$ | 29.28 | (29.45 | )% | 1.74 | % | 1.74 | % | 1.11 | % | $ | 13,402 | 53 | % | |||||||||||||
$ | 42.24 | 27.56 | % | 1.56 | % | 1.56 | % | 0.78 | % | $ | 43,157 | 152 | % | |||||||||||||
$ | 32.52 | 98.87 | % | 2.51 | % | 2.51 | % | 0.47 | % | $ | 2,284 | 117 | % | |||||||||||||
$ | 16.49 | 62.71 | % | 2.64 | % | 2.64 | % | 0.36 | % | $ | 1,395 | 239 | % | |||||||||||||
$ | 10.27 | (58.92 | )% | 2.87 | % | 2.87 | % | 0.61 | % | $ | 626 | 40 | % | |||||||||||||
$ | 25.07 | (30.16 | )% | 2.74 | % | 2.74 | % | 0.11 | % | $ | 730 | 53 | % | |||||||||||||
$ | 36.03 | 26.29 | % | 2.56 | % | 2.56 | % | (0.22 | )% | $ | 1,651 | 152 | % | |||||||||||||
$ | 77.29 | 25.74 | % | 1.65 | % | 1.65 | % | (0.69 | )% | $ | 13,020 | 218 | % | |||||||||||||
$ | 61.47 | 68.77 | % | 1.73 | % | 1.71 | % | (0.80 | )% | $ | 15,229 | 727 | % | |||||||||||||
$ | 36.47 | (78.03 | )% | 2.12 | % | 1.86 | % | 0.73 | % | $ | 9,408 | 396 | % | |||||||||||||
$ | 166.00 | (57.83 | )% | 2.09 | % | 2.09 | %(f) | (0.61 | )% | $ | 6,205 | 248 | % | |||||||||||||
$ | 403.70 | 3.02 | % | 1.60 | % | 1.60 | % | 0.83 | % | $ | 8,203 | 316 | % | |||||||||||||
$ | 68.41 | 24.49 | % | 2.65 | % | 2.65 | % | (1.69 | )% | $ | 1,247 | 218 | % | |||||||||||||
$ | 54.96 | 67.15 | % | 2.73 | % | 2.71 | % | (1.80 | )% | $ | 621 | 727 | % | |||||||||||||
$ | 32.90 | (78.28 | )% | 3.12 | % | 2.86 | % | (0.27 | )% | $ | 353 | 396 | % | |||||||||||||
$ | 151.47 | (58.27 | )% | 3.09 | % | 3.09 | %(f) | (1.61 | )% | $ | 373 | 248 | % | |||||||||||||
$ | 362.87 | 1.99 | % | 2.60 | % | 2.60 | % | (0.17 | )% | $ | 318 | 316 | % |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | As described in Note 9, share amounts have been adjusted for 1:4 reverse share split that occurred on December 14, 2020. |
(d) | The amount shown for a share outstanding throughout the period does not accord with the change in aggregate gains and losses in the portfolio of securities during the period because of the timing of sales and purchases of fund shares in relation to fluctuating market values during the period. |
(e) | As described in Note 9, share amounts have been adjusted for 1:8 reverse share split that occurred on November 18, 2019. |
(f) | The expense ratio does not correlate to the applicable expense limits in place during the period given that the annual contractual expense limitation is applied for the one year periods ended November 30th of each year, instead of coinciding with the July 31st year end. Details of the current expense limitation in effect can be found in Note 4 of the accompanying Notes to Financial Statements. |
(g) | Amount is less than $0.005. |
See accompanying notes to the financial statements.
308 :: Financial Highlights
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | ||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Net Realized Gains on Investments | Total Distributions | |||||||||||||||||||||
Pharmaceuticals UltraSector ProFund | |||||||||||||||||||||||||||
Investor Class | |||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 30.56 | (0.06 | ) | (0.41 | )(c) | (0.47 | ) | — | (1.23 | ) | (1.23 | ) | ||||||||||||||
Year Ended July 31, 2021 | $ | 22.94 | (0.09 | ) | 7.81 | 7.72 | — | (0.10 | ) | (0.10 | ) | ||||||||||||||||
Year Ended July 31, 2020 | $ | 20.75 | (0.04 | ) | 2.23 | 2.19 | — | — | — | ||||||||||||||||||
Year Ended July 31, 2019 | $ | 26.29 | 0.01 | (4.71 | ) | (4.70 | ) | (0.04 | ) | (0.80 | ) | (0.84 | ) | ||||||||||||||
Year Ended July 31, 2018 | $ | 25.66 | 0.12 | 1.61 | 1.73 | — | (1.10 | ) | (1.10 | ) | |||||||||||||||||
Service Class | |||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 26.02 | (0.31 | ) | (0.34 | )(c) | (0.65 | ) | — | (1.23 | ) | (1.23 | ) | ||||||||||||||
Year Ended July 31, 2021 | $ | 19.74 | (0.32 | ) | 6.70 | 6.38 | — | (0.10 | ) | (0.10 | ) | ||||||||||||||||
Year Ended July 31, 2020 | $ | 18.03 | (0.23 | ) | 1.94 | 1.71 | — | — | — | ||||||||||||||||||
Year Ended July 31, 2019 | $ | 23.16 | (0.20 | ) | (4.13 | ) | (4.33 | ) | — | (0.80 | ) | (0.80 | ) | ||||||||||||||
Year Ended July 31, 2018 | $ | 22.96 | (0.10 | ) | 1.40 | 1.30 | — | (1.10 | ) | (1.10 | ) | ||||||||||||||||
Precious Metals UltraSector ProFund | |||||||||||||||||||||||||||
Investor Class | |||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 65.60 | 0.19 | (25.43 | ) | (25.24 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2021 | $ | 89.95 | (0.28 | ) | (24.07 | ) | (24.35 | ) | — | — | — | ||||||||||||||||
Year Ended July 31, 2020 | $ | 41.21 | (0.38 | ) | 49.12 | 48.74 | — | — | — | ||||||||||||||||||
Year Ended July 31, 2019 | $ | 32.32 | (0.02 | ) | 8.91 | 8.89 | — | — | — | ||||||||||||||||||
Year Ended July 31, 2018 | $ | 39.29 | (0.22 | ) | (6.75 | ) | (6.97 | ) | — | — | — | ||||||||||||||||
Service Class | |||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 55.73 | (0.32 | ) | (21.47 | ) | (21.79 | ) | — | — | — | ||||||||||||||||
Year Ended July 31, 2021 | $ | 77.19 | (0.88 | ) | (20.58 | ) | (21.46 | ) | — | — | — | ||||||||||||||||
Year Ended July 31, 2020 | $ | 35.72 | (0.83 | ) | 42.30 | 41.47 | — | — | — | ||||||||||||||||||
Year Ended July 31, 2019 | $ | 28.31 | (0.29 | ) | 7.70 | 7.41 | — | — | — | ||||||||||||||||||
Year Ended July 31, 2018 | $ | 34.75 | (0.54 | ) | (5.90 | ) | (6.44 | ) | — | — | — |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 28.86 | (1.71 | )% | 2.13 | % | 1.78 | % | (0.20 | )% | $ | 3,828 | 185 | % | |||||||||||||
$ | 30.56 | 33.74 | % | 2.27 | % | 1.78 | % | (0.33 | )% | $ | 3,961 | 204 | % | |||||||||||||
$ | 22.94 | 10.55 | % | 2.32 | % | 1.84 | % | (0.18 | )% | $ | 3,735 | 137 | % | |||||||||||||
$ | 20.75 | (17.69 | )% | 1.97 | % | 1.86 | % | 0.06 | % | $ | 5,039 | 223 | % | |||||||||||||
$ | 26.29 | 6.97 | % | 1.78 | % | 1.78 | % | 0.48 | % | $ | 7,173 | 192 | % | |||||||||||||
$ | 24.14 | (2.69 | )% | 3.13 | % | 2.78 | % | (1.20 | )% | $ | 289 | 185 | % | |||||||||||||
$ | 26.02 | 32.41 | % | 3.27 | % | 2.78 | % | (1.33 | )% | $ | 318 | 204 | % | |||||||||||||
$ | 19.74 | 9.48 | % | 3.32 | % | 2.84 | % | (1.18 | )% | $ | 300 | 137 | % | |||||||||||||
$ | 18.03 | (18.53 | )% | 2.97 | % | 2.86 | % | (0.94 | )% | $ | 435 | 223 | % | |||||||||||||
$ | 23.16 | 5.88 | % | 2.78 | % | 2.78 | % | (0.52 | )% | $ | 822 | 192 | % | |||||||||||||
$ | 40.36 | (38.48 | )% | 1.53 | % | 1.53 | % | 0.33 | % | $ | 18,455 | 94 | % | |||||||||||||
$ | 65.60 | (27.07 | )% | 1.59 | % | 1.59 | % | (0.39 | )% | $ | 35,750 | 128 | % | |||||||||||||
$ | 89.95 | 118.27 | % | 1.64 | % | 1.64 | % | (0.73 | )% | $ | 43,584 | 148 | % | |||||||||||||
$ | 41.21 | 27.51 | % | 1.62 | % | 1.62 | % | (0.07 | )% | $ | 29,785 | 228 | % | |||||||||||||
$ | 32.32 | (17.74 | )% | 1.52 | % | 1.52 | % | (0.60 | )% | $ | 23,965 | 192 | % | |||||||||||||
$ | 33.94 | (39.08 | )% | 2.53 | % | 2.53 | % | (0.67 | )% | $ | 1,280 | 94 | % | |||||||||||||
$ | 55.73 | (27.80 | )% | 2.59 | % | 2.59 | % | (1.39 | )% | $ | 1,755 | 128 | % | |||||||||||||
$ | 77.19 | 116.10 | % | 2.64 | % | 2.64 | % | (1.73 | )% | $ | 1,557 | 148 | % | |||||||||||||
$ | 35.72 | 26.17 | % | 2.62 | % | 2.62 | % | (1.07 | )% | $ | 1,131 | 228 | % | |||||||||||||
$ | 28.31 | (18.53 | )% | 2.52 | % | 2.52 | % | (1.60 | )% | $ | 1,465 | 192 | % |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | The amount shown for a share outstanding throughout the period does not accord with the change in aggregate gains and losses in the portfolio of securities during the period because of the timing of sales and purchases of fund shares in relation to fluctuating market values during the period. |
See accompanying notes to the financial statements.
Financial Highlights :: 309
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Net Realized Gains on Investments | Total Distributions | ||||||||||||||||||||||
Real Estate UltraSector ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 63.02 | (0.20 | ) | (4.17 | ) | (4.37 | ) | (0.56 | ) | (7.57 | ) | (8.13 | ) | ||||||||||||||
Year Ended July 31, 2021 | $ | 42.23 | (0.18 | ) | 20.97 | 20.79 | �� | — | — | — | ||||||||||||||||||
Year Ended July 31, 2020 | $ | 51.60 | (0.10 | ) | (7.77 | ) | (7.87 | ) | (1.50 | )(d) | — | (1.50 | ) | |||||||||||||||
Year Ended July 31, 2019 | $ | 45.14 | 0.81 | 6.47 | 7.28 | (0.82 | ) | — | (0.82 | ) | ||||||||||||||||||
Year Ended July 31, 2018 | $ | 43.65 | 0.22 | 1.27 | 1.49 | — | — | — | ||||||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 59.52 | (0.75 | ) | (3.90 | ) | (4.65 | ) | (0.09 | ) | (7.57 | ) | (7.66 | ) | ||||||||||||||
Year Ended July 31, 2021 | $ | 40.28 | (0.66 | ) | 19.90 | 19.24 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 49.28 | (0.58 | ) | (7.38 | ) | (7.96 | ) | (1.04 | )(d) | — | (1.04 | ) | |||||||||||||||
Year Ended July 31, 2019 | $ | 42.78 | 0.37 | 6.19 | 6.56 | (0.06 | ) | — | (0.06 | ) | ||||||||||||||||||
Year Ended July 31, 2018 | $ | 41.77 | (0.18 | ) | 1.19 | 1.01 | — | — | — | |||||||||||||||||||
Rising Rates Opportunity ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 25.21 | (0.28 | ) | 6.50 | 6.22 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2021 | $ | 21.80 | (0.43 | ) | 3.84 | 3.41 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 35.49 | (0.17 | ) | (13.10 | ) | (13.27 | ) | (0.42 | ) | — | (0.42 | ) | |||||||||||||||
Year Ended July 31, 2019 | $ | 41.55 | 0.27 | (6.33 | ) | (6.06 | ) | — | — | — | ||||||||||||||||||
Year Ended July 31, 2018 | $ | 41.26 | (0.08 | ) | 0.37 | 0.29 | — | — | — | |||||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 22.15 | (0.53 | ) | 5.74 | 5.21 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2021 | $ | 19.35 | (0.67 | ) | 3.47 | 2.80 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 31.42 | (0.44 | ) | (11.63 | ) | (12.07 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2019 | $ | 37.17 | (0.09 | ) | (5.66 | ) | (5.75 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2018 | $ | 37.27 | (0.45 | ) | 0.35 | (0.10 | ) | — | — | — |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 50.52 | (8.99 | )%(c) | 1.55 | % | 1.55 | % | (0.32 | )% | $ | 6,793 | 253 | % | |||||||||||||
$ | 63.02 | 49.23 | % | 1.86 | % | 1.81 | % | (0.33 | )% | $ | 34,877 | 175 | % | |||||||||||||
$ | 42.23 | (15.54 | )% | 1.80 | % | 1.79 | % | (0.20 | )% | $ | 4,991 | 217 | % | |||||||||||||
$ | 51.60 | 16.49 | % | 1.62 | % | 1.62 | % | 1.71 | % | $ | 25,665 | 345 | % | |||||||||||||
$ | 45.14 | 3.41 | % | 1.92 | % | 1.89 | % | 0.52 | % | $ | 6,197 | 374 | % | |||||||||||||
$ | 47.21 | (9.89 | )%(c) | 2.55 | % | 2.55 | % | (1.32 | )% | $ | 534 | 253 | % | |||||||||||||
$ | 59.52 | 47.77 | % | 2.86 | % | 2.81 | % | (1.33 | )% | $ | 964 | 175 | % | |||||||||||||
$ | 40.28 | (16.39 | )% | 2.80 | % | 2.79 | % | (0.12 | )% | $ | 341 | 217 | % | |||||||||||||
$ | 49.28 | 15.35 | % | 2.62 | % | 2.62 | % | 0.71 | % | $ | 1,007 | 345 | % | |||||||||||||
$ | 42.78 | 2.42 | % | 2.92 | % | 2.89 | % | (0.48 | )% | $ | 737 | 374 | % | |||||||||||||
$ | 31.43 | 24.67 | % | 1.52 | % | 1.52 | % | (0.96 | )% | $ | 44,874 | — | ||||||||||||||
$ | 25.21 | 15.64 | % | 1.71 | % | 1.69 | % | (1.68 | )% | $ | 9,091 | — | ||||||||||||||
$ | 21.80 | (37.79 | )% | 1.89 | % | 1.88 | % | (0.60 | )% | $ | 6,105 | — | ||||||||||||||
$ | 35.49 | (14.58 | )% | 1.56 | % | 1.56 | % | 0.67 | % | $ | 30,192 | — | ||||||||||||||
$ | 41.55 | 0.70 | % | 1.50 | % | 1.50 | % | (0.21 | )% | $ | 26,114 | — | ||||||||||||||
$ | 27.36 | 23.47 | % | 2.52 | % | 2.52 | % | (1.96 | )% | $ | 1,173 | — | ||||||||||||||
$ | 22.15 | 14.52 | % | 2.71 | % | 2.69 | % | (2.68 | )% | $ | 680 | — | ||||||||||||||
$ | 19.35 | (38.41 | )% | 2.89 | % | 2.88 | % | (1.60 | )% | $ | 87 | — | ||||||||||||||
$ | 31.42 | (15.47 | )% | 2.56 | % | 2.56 | % | (0.33 | )% | $ | 209 | — | ||||||||||||||
$ | 37.17 | (0.27 | )% | 2.50 | % | 2.50 | % | (1.21 | )% | $ | 1,031 | — |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | During the year ended July 31, 2022, the Fund received monies related to certain nonrecuring litigation settlements. The corresponding impact to the total return was 0.03%. |
(d) | Subsequent to the issuance of the July 31, 2020 financial statements, $0.60 and $0.42 of the distribution for the Investor class and Service class respectively was determined to be a return of capital. |
See accompanying notes to the financial statements.
310 :: Financial Highlights
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Net Realized Gains on Investments | Total Distributions | ||||||||||||||||||||||
Rising Rates Opportunity 10 ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 12.32 | (0.17 | ) | 1.30 | 1.13 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2021 | $ | 12.02 | (0.22 | ) | 0.52 | 0.30 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 14.16 | (0.09 | ) | (1.97 | ) | (2.06 | ) | (0.08 | ) | — | (0.08 | ) | |||||||||||||||
Year Ended July 31, 2019 | $ | 15.46 | 0.06 | (1.36 | ) | (1.30 | ) | — | — | — | ||||||||||||||||||
Year Ended July 31, 2018 | $ | 14.91 | (0.06 | ) | 0.61 | 0.55 | — | — | — | |||||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 11.34 | (0.29 | ) | 1.21 | 0.92 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2021 | $ | 11.18 | (0.34 | ) | 0.50 | 0.16 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 13.22 | (0.22 | ) | (1.82 | ) | (2.04 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2019 | $ | 14.57 | (0.08 | ) | (1.27 | ) | (1.35 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2018 | $ | 14.20 | (0.20 | ) | 0.57 | 0.37 | — | — | — | |||||||||||||||||||
Rising U.S. Dollar ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 27.16 | (0.38 | ) | 3.87 | 3.49 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2021 | $ | 27.99 | (0.48 | ) | (0.35 | ) | (0.83 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2020 | $ | 29.59 | (0.24 | ) | (1.28 | ) | (1.52 | ) | (0.08 | ) | — | (0.08 | ) | |||||||||||||||
Year Ended July 31, 2019 | $ | 27.81 | 0.08 | 1.82 | 1.90 | — | (0.12 | ) | (0.12 | ) | ||||||||||||||||||
Year Ended July 31, 2018 | $ | 27.10 | (0.15 | ) | 0.86 | 0.71 | — | — | — | |||||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 23.77 | (0.63 | ) | 3.42 | 2.79 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2021 | $ | 24.74 | (0.72 | ) | (0.25 | ) | (0.97 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2020 | $ | 26.34 | (0.50 | ) | (1.10 | ) | (1.60 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2019 | $ | 25.02 | (0.18 | ) | 1.62 | 1.44 | — | (0.12 | ) | (0.12 | ) | |||||||||||||||||
Year Ended July 31, 2018 | $ | 24.59 | (0.40 | ) | 0.83 | 0.43 | — | — | — |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 13.45 | 9.17 | % | 2.62 | % | 1.78 | % | (1.31 | )% | $ | 2,933 | — | ||||||||||||||
$ | 12.32 | 2.50 | % | 2.69 | % | 1.78 | % | (1.77 | )% | $ | 1,832 | — | ||||||||||||||
$ | 12.02 | (14.62 | )% | 2.66 | % | 1.85 | % | (0.71 | )% | $ | 1,773 | — | ||||||||||||||
$ | 14.16 | (8.41 | )% | 1.79 | % | 1.74 | % | 0.38 | % | $ | 2,683 | — | ||||||||||||||
$ | 15.46 | 3.69 | % | 1.73 | % | 1.73 | % | (0.37 | )% | $ | 16,172 | — | ||||||||||||||
$ | 12.26 | 8.11 | % | 3.62 | % | 2.78 | % | (2.31 | )% | $ | 762 | — | ||||||||||||||
$ | 11.34 | 1.43 | % | 3.69 | % | 2.78 | % | (2.77 | )% | $ | 121 | — | ||||||||||||||
$ | 11.18 | (15.43 | )% | 3.66 | % | 2.85 | % | (1.71 | )% | $ | 82 | — | ||||||||||||||
$ | 13.22 | (9.27 | )% | 2.79 | % | 2.74 | % | (0.62 | )% | $ | 288 | — | ||||||||||||||
$ | 14.57 | 2.61 | % | 2.73 | % | 2.73 | % | (1.37 | )% | $ | 350 | — | ||||||||||||||
$ | 30.65 | 12.85 | % | 1.82 | % | 1.78 | % | (1.32 | )% | $ | 46,695 | — | ||||||||||||||
$ | 27.16 | (2.97 | )% | 2.13 | % | 1.78 | % | (1.77 | )% | $ | 6,264 | — | ||||||||||||||
$ | 27.99 | (5.15 | )% | 1.97 | % | 1.78 | % | (0.82 | )% | $ | 7,263 | — | ||||||||||||||
$ | 29.59 | 6.85 | % | 1.87 | % | 1.81 | % | 0.28 | % | $ | 12,437 | — | ||||||||||||||
$ | 27.81 | 2.62 | % | 1.80 | % | 1.80 | % | (0.57 | )% | $ | 14,793 | — | ||||||||||||||
$ | 26.56 | 11.70 | % | 2.82 | % | 2.78 | % | (2.32 | )% | $ | 182 | — | ||||||||||||||
$ | 23.77 | (3.92 | )% | 3.13 | % | 2.78 | % | (2.77 | )% | $ | 52 | — | ||||||||||||||
$ | 24.74 | (6.07 | )% | 2.97 | % | 2.78 | % | (1.82 | )% | $ | 63 | — | ||||||||||||||
$ | 26.34 | 5.77 | % | 2.87 | % | 2.81 | % | (0.72 | )% | $ | 144 | — | ||||||||||||||
$ | 25.02 | 1.67 | % | 2.80 | % | 2.80 | % | (1.57 | )% | $ | 1,002 | — |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). |
See accompanying notes to the financial statements.
Financial Highlights :: 311
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Net Realized Gains on Investments | Total Distributions | ||||||||||||||||||||||
Semiconductor UltraSector ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 118.09 | (0.68 | ) | (17.85 | ) | (18.53 | ) | — | (6.62 | ) | (6.62 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 63.61 | (0.58 | ) | 55.06 | 54.48 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 46.14 | 0.06 | 18.69 | 18.75 | (0.02 | ) | (1.26 | ) | (1.28 | ) | |||||||||||||||||
Year Ended July 31, 2019 | $ | 61.56 | 0.34 | (2.58 | ) | (2.24 | ) | (0.53 | ) | (12.65 | ) | (13.18 | ) | |||||||||||||||
Year Ended July 31, 2018 | $ | 48.20 | 0.04 | 19.14 | 19.18 | (0.06 | ) | (5.76 | ) | (5.82 | ) | |||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 88.98 | (1.57 | ) | (12.45 | ) | (14.02 | ) | — | (6.62 | ) | (6.62 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 48.41 | (1.29 | ) | 41.86 | 40.57 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 35.79 | (0.34 | ) | 14.22 | 13.88 | — | (1.26 | ) | (1.26 | ) | |||||||||||||||||
Year Ended July 31, 2019 | $ | 51.46 | (0.04 | ) | (2.98 | ) | (3.02 | ) | — | (12.65 | ) | (12.65 | ) | |||||||||||||||
Year Ended July 31, 2018 | $ | 41.34 | (0.47 | ) | 16.35 | 15.88 | — | (5.76 | ) | (5.76 | ) | |||||||||||||||||
Short Nasdaq-100 ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 14.29 | (0.17 | ) | 0.69 | (c) | 0.52 | — | — | — | ||||||||||||||||||
Year Ended July 31, 2021 | $ | 20.87 | (0.31 | ) | (6.27 | )(c) | (6.58 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2020(d) | $ | 33.46 | (0.18 | ) | (12.32 | ) | (12.50 | ) | (0.09 | ) | — | (0.09 | ) | |||||||||||||||
Year Ended July 31, 2019(d) | $ | 37.30 | 0.16 | (4.00 | ) | (3.84 | ) | — | — | — | ||||||||||||||||||
Year Ended July 31, 2018(d) | $ | 47.10 | (0.20 | ) | (9.60 | ) | (9.80 | ) | — | — | — | |||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 12.68 | (0.30 | ) | 0.59 | (c) | 0.29 | — | — | — | ||||||||||||||||||
Year Ended July 31, 2021 | $ | 18.67 | (0.46 | ) | (5.53 | )(c) | (5.99 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2020(d) | $ | 30.15 | (0.33 | ) | (11.15 | ) | (11.48 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2019(d) | $ | 33.96 | (0.16 | ) | (3.65 | ) | (3.81 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2018(d) | $ | 43.27 | (0.56 | ) | (8.75 | ) | (9.31 | ) | — | — | — |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 92.94 | (17.93 | )% | 1.49 | % | 1.49 | % | (0.59 | )% | $ | 64,313 | 53 | % | |||||||||||||
$ | 118.09 | 85.65 | % | 1.58 | % | 1.58 | % | (0.63 | )% | $ | 79,845 | 70 | % | |||||||||||||
$ | 63.61 | 42.27 | % | 1.65 | % | 1.65 | % | 0.11 | % | $ | 51,355 | 169 | % | |||||||||||||
$ | 46.14 | 5.55 | % | 1.55 | % | 1.55 | % | 0.69 | % | $ | 64,715 | 106 | % | |||||||||||||
$ | 61.56 | 40.36 | % | 1.44 | % | 1.44 | % | 0.07 | % | $ | 245,143 | 56 | % | |||||||||||||
$ | 68.34 | (18.76 | )% | 2.49 | % | 2.49 | % | (1.59 | )% | $ | 4,254 | 53 | % | |||||||||||||
$ | 88.98 | 83.81 | % | 2.58 | % | 2.58 | % | (1.63 | )% | $ | 5,376 | 70 | % | |||||||||||||
$ | 48.41 | 40.81 | % | 2.65 | % | 2.65 | % | (0.89 | )% | $ | 2,187 | 169 | % | |||||||||||||
$ | 35.79 | 4.49 | % | 2.55 | % | 2.55 | % | (0.31 | )% | $ | 1,984 | 106 | % | |||||||||||||
$ | 51.46 | 38.97 | % | 2.44 | % | 2.44 | % | (0.93 | )% | $ | 4,691 | 56 | % | |||||||||||||
$ | 14.81 | 3.64 | % | 1.81 | % | 1.78 | % | (1.13 | )% | $ | 79,796 | — | ||||||||||||||
$ | 14.29 | (31.63 | )% | 2.02 | % | 1.78 | % | (1.76 | )% | $ | 1,764 | — | ||||||||||||||
$ | 20.87 | (37.32 | )% | 2.01 | % | 1.78 | % | (1.00 | )% | $ | 2,400 | — | ||||||||||||||
$ | 33.46 | (10.40 | )% | 2.37 | % | 1.78 | % | 0.46 | % | $ | 4,429 | — | ||||||||||||||
$ | 37.30 | (20.66 | )% | 2.42 | % | 1.78 | % | (0.44 | )% | $ | 2,572 | — | ||||||||||||||
$ | 12.97 | 2.29 | % | 2.81 | % | 2.78 | % | (2.13 | )% | $ | 241 | — | ||||||||||||||
$ | 12.68 | (32.26 | )% | 3.02 | % | 2.78 | % | (2.76 | )% | $ | 111 | — | ||||||||||||||
$ | 18.67 | (37.93 | )% | 3.01 | % | 2.78 | % | (2.00 | )% | $ | 320 | — | ||||||||||||||
$ | 30.15 | (11.19 | )% | 3.37 | % | 2.78 | % | (0.54 | )% | $ | 788 | — | ||||||||||||||
$ | 33.96 | (21.46 | )% | 3.42 | % | 2.78 | % | (1.44 | )% | $ | 360 | — |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | The amount shown for a share outstanding throughout the period does not accord with the change in aggregate gains and losses in the portfolio of securities during the period because of the timing of sales and purchases of fund shares in relation to fluctuating market values during the period. |
(d) | As described in Note 9, share amounts have been adjusted for 1:4 reverse share split that occurred on November 18, 2019. |
See accompanying notes to the financial statements.
312 :: Financial Highlights
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Total Distributions | |||||||||||||||||||
Short Oil & Gas ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 32.82 | (0.29 | ) | (14.96 | ) | (15.25 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021 | $ | 55.89 | (0.85 | ) | (22.22 | ) | (23.07 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020 | $ | 46.83 | (0.46 | ) | 9.65 | 9.19 | (0.13 | ) | (0.13 | ) | ||||||||||||||
Year Ended July 31, 2019 | $ | 39.19 | 0.19 | 7.45 | 7.64 | — | — | |||||||||||||||||
Year Ended July 31, 2018 | $ | 48.45 | (0.21 | ) | (9.05 | ) | (9.26 | ) | — | — | ||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 30.52 | (0.53 | ) | (13.79 | ) | (14.32 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021 | $ | 52.45 | (1.25 | ) | (20.68 | ) | (21.93 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020 | $ | 44.39 | (0.99 | ) | 9.05 | 8.06 | — | — | ||||||||||||||||
Year Ended July 31, 2019 | $ | 37.27 | (0.24 | ) | 7.36 | 7.12 | — | — | ||||||||||||||||
Year Ended July 31, 2018 | $ | 46.66 | (0.68 | ) | (8.71 | ) | (9.39 | ) | — | — | ||||||||||||||
Short Precious Metals ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 14.83 | (0.22 | ) | 2.84 | 2.62 | — | — | ||||||||||||||||
Year Ended July 31, 2021 | $ | 14.53 | (0.27 | ) | 0.57 | 0.30 | — | — | ||||||||||||||||
Year Ended July 31, 2020 | $ | 32.94 | (0.12 | ) | (18.02 | ) | (18.14 | ) | (0.27 | ) | (0.27 | ) | ||||||||||||
Year Ended July 31, 2019 | $ | 42.91 | 0.20 | (10.17 | ) | (9.97 | ) | — | — | |||||||||||||||
Year Ended July 31, 2018 | $ | 40.33 | (0.21 | ) | 2.79 | 2.58 | — | — | ||||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 14.43 | (0.37 | ) | 2.74 | 2.37 | — | — | ||||||||||||||||
Year Ended July 31, 2021 | $ | 14.31 | (0.42 | ) | 0.54 | 0.12 | — | — | ||||||||||||||||
Year Ended July 31, 2020 | $ | 32.41 | (0.36 | ) | (17.74 | ) | (18.10 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019 | $ | 42.65 | (0.22 | ) | (10.02 | ) | (10.24 | ) | — | — | ||||||||||||||
Year Ended July 31, 2018 | $ | 40.48 | (0.61 | ) | 2.78 | 2.17 | — | — |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 17.57 | (46.47 | )% | 3.74 | % | 1.78 | % | (1.28 | )% | $ | 2,135 | — | ||||||||||||||
$ | 32.82 | (41.28 | )% | 3.16 | % | 1.78 | % | (1.76 | )% | $ | 418 | — | ||||||||||||||
$ | 55.89 | 19.69 | % | 2.84 | % | 1.78 | % | (0.84 | )% | $ | 2,804 | — | ||||||||||||||
$ | 46.83 | 19.49 | % | 3.34 | % | 1.78 | % | 0.43 | % | $ | 2,115 | — | ||||||||||||||
$ | 39.19 | (19.11 | )% | 2.62 | % | 1.78 | % | (0.48 | )% | $ | 1,636 | — | ||||||||||||||
$ | 16.20 | (46.97 | )% | 4.74 | % | 2.78 | % | (2.28 | )% | $ | 12 | — | ||||||||||||||
$ | 30.52 | (41.81 | )% | 4.15 | % | 2.77 | % | (2.75 | )% | $ | 25 | — | ||||||||||||||
$ | 52.45 | 18.63 | % | 3.84 | % | 2.78 | % | (1.84 | )% | $ | 32 | — | ||||||||||||||
$ | 44.39 | 18.39 | % | 4.34 | % | 2.78 | % | (0.57 | )% | $ | 3 | — | ||||||||||||||
$ | 37.27 | (19.95 | )% | 3.62 | % | 2.78 | % | (1.48 | )% | $ | 3 | — | ||||||||||||||
$ | 17.45 | 17.67 | % | 2.79 | % | 1.78 | % | (1.45 | )% | $ | 2,072 | — | ||||||||||||||
$ | 14.83 | 2.06 | % | 2.86 | % | 1.78 | % | (1.76 | )% | $ | 2,144 | — | ||||||||||||||
$ | 14.53 | (55.43 | )% | 2.97 | % | 1.78 | % | (0.47 | )% | $ | 1,564 | — | ||||||||||||||
$ | 32.94 | (23.23 | )% | 2.13 | % | 1.78 | % | 0.47 | % | $ | 4,649 | — | ||||||||||||||
$ | 42.91 | 6.40 | % | 2.18 | % | 1.78 | % | (0.53 | )% | $ | 6,552 | — | ||||||||||||||
$ | 16.80 | 16.35 | % | 3.79 | % | 2.78 | % | (2.45 | )% | $ | 17 | — | ||||||||||||||
$ | 14.43 | 0.84 | % | 3.86 | % | 2.78 | % | (2.76 | )% | $ | 14 | — | ||||||||||||||
$ | 14.31 | (55.85 | )% | 3.97 | % | 2.78 | % | (1.47 | )% | $ | 65 | — | ||||||||||||||
$ | 32.41 | (24.01 | )% | 3.13 | % | 2.78 | % | (0.53 | )% | $ | 26 | — | ||||||||||||||
$ | 42.65 | 5.36 | % | 3.18 | % | 2.78 | % | (1.53 | )% | $ | 42 | — |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). |
See accompanying notes to the financial statements.
Financial Highlights :: 313
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Total Distributions | |||||||||||||||||||
Short Real Estate ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 8.19 | (0.10 | ) | 0.01 | (c) | (0.09 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021 | $ | 11.45 | (0.19 | ) | (3.07 | ) | (3.26 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020 | $ | 12.89 | (0.14 | ) | (1.30 | ) | (1.44 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019 | $ | 14.61 | 0.06 | (1.78 | ) | (1.72 | ) | — | — | |||||||||||||||
Year Ended July 31, 2018 | $ | 15.43 | (0.06 | ) | (0.76 | ) | (0.82 | ) | — | — | ||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 7.19 | (0.17 | ) | 0.01 | (c) | (0.16 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021 | $ | 10.15 | (0.28 | ) | (2.68 | ) | (2.96 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020 | $ | 11.53 | (0.25 | ) | (1.13 | ) | (1.38 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019 | $ | 13.20 | (0.07 | ) | (1.60 | ) | (1.67 | ) | — | — | ||||||||||||||
Year Ended July 31, 2018 | $ | 14.08 | (0.20 | ) | (0.68 | ) | (0.88 | ) | — | — | ||||||||||||||
Short Small-Cap ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 6.94 | (0.11 | ) | 0.58 | (c) | 0.47 | — | — | |||||||||||||||
Year Ended July 31, 2021 | $ | 11.43 | (0.15 | ) | (4.34 | ) | (4.49 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020 | $ | 13.10 | (0.13 | ) | (1.44 | ) | (1.57 | ) | (0.10 | ) | (0.10 | ) | ||||||||||||
Year Ended July 31, 2019 | $ | 12.68 | 0.06 | 0.36 | 0.42 | — | — | |||||||||||||||||
Year Ended July 31, 2018 | $ | 15.29 | (0.09 | ) | (2.52 | ) | (2.61 | ) | — | — | ||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 6.59 | (0.18 | ) | 0.54 | (c) | 0.36 | — | — | |||||||||||||||
Year Ended July 31, 2021 | $ | 10.96 | (0.23 | ) | (4.14 | ) | (4.37 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020 | $ | 12.60 | (0.26 | ) | (1.38 | ) | (1.64 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019 | $ | 12.31 | (0.07 | ) | 0.36 | 0.29 | — | — | ||||||||||||||||
Year Ended July 31, 2018 | $ | 15.01 | (0.22 | ) | (2.48 | ) | (2.70 | ) | — | — |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 8.10 | (1.10 | )% | 5.81 | % | 1.78 | % | (1.28 | )% | $ | 1,875 | — | ||||||||||||||
$ | 8.19 | (28.47 | )% | 4.69 | % | 1.78 | % | (1.76 | )% | $ | 515 | — | ||||||||||||||
$ | 11.45 | (11.17 | )% | 4.05 | % | 1.78 | % | (1.09 | )% | $ | 1,720 | — | ||||||||||||||
$ | 12.89 | (11.77 | )% | 3.76 | % | 1.78 | % | 0.40 | % | $ | 1,199 | — | ||||||||||||||
$ | 14.61 | (5.31 | )% | 3.16 | % | 1.78 | % | (0.38 | )% | $ | 1,453 | — | ||||||||||||||
$ | 7.03 | (2.23 | )% | 6.81 | % | 2.78 | % | (2.28 | )% | $ | 14 | — | ||||||||||||||
$ | 7.19 | (29.16 | )% | 5.69 | % | 2.78 | % | (2.76 | )% | $ | 14 | — | ||||||||||||||
$ | 10.15 | (12.05 | )% | 5.05 | % | 2.78 | % | (2.09 | )% | $ | 20 | — | ||||||||||||||
$ | 11.53 | (12.58 | )% | 4.76 | % | 2.78 | % | (0.60 | )% | $ | 15 | — | ||||||||||||||
$ | 13.20 | (6.25 | )% | 4.16 | % | 2.78 | % | (1.38 | )% | $ | 364 | — | ||||||||||||||
$ | 7.41 | 6.77 | % | 2.26 | % | 1.78 | % | (1.56 | )% | $ | 1,412 | — | ||||||||||||||
$ | 6.94 | (39.23 | )% | 3.63 | % | 1.78 | % | (1.77 | )% | $ | 1,089 | — | ||||||||||||||
$ | 11.43 | (12.09 | )% | 3.28 | % | 1.78 | % | (0.98 | )% | $ | 1,802 | — | ||||||||||||||
$ | 13.10 | 3.31 | % | 2.76 | % | 1.78 | % | 0.44 | % | $ | 1,138 | — | ||||||||||||||
$ | 12.68 | (17.07 | )% | 2.73 | % | 1.86 | % | (0.61 | )% | $ | 3,456 | — | ||||||||||||||
$ | 6.95 | 5.46 | % | 3.26 | % | 2.78 | % | (2.56 | )% | $ | 162 | — | ||||||||||||||
$ | 6.59 | (39.87 | )% | 4.63 | % | 2.78 | % | (2.77 | )% | $ | 24 | — | ||||||||||||||
$ | 10.96 | (13.02 | )% | 4.28 | % | 2.78 | % | (1.98 | )% | $ | 33 | — | ||||||||||||||
$ | 12.60 | 2.27 | % | 3.75 | % | 2.77 | % | (0.55 | )% | $ | 33 | — | ||||||||||||||
$ | 12.31 | (17.92 | )% | 3.73 | % | 2.86 | % | (1.61 | )% | $ | 155 | — |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). |
(c) | The amount shown for a share outstanding throughout the period does not accord with the change in aggregate gains and losses in the portfolio of securities during the period because of the timing of sales and purchases of fund shares in relation to fluctuating market values during the period. |
See accompanying notes to the financial statements.
314 :: Financial Highlights
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Realized Gains on Investment | Total Distributions | |||||||||||||||||||
Small-Cap Growth ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 126.49 | (0.96 | ) | (13.02 | ) | (13.98 | ) | (10.08 | ) | (10.08 | ) | ||||||||||||
Year Ended July 31, 2021 | $ | 86.21 | (0.88 | ) | 41.16 | 40.28 | — | — | ||||||||||||||||
Year Ended July 31, 2020 | $ | 89.25 | (0.66 | ) | (2.38 | ) | (3.04 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019 | $ | 99.63 | (0.61 | ) | (6.40 | ) | (7.01 | ) | (3.37 | ) | (3.37 | ) | ||||||||||||
Year Ended July 31, 2018 | $ | 80.84 | (0.72 | ) | 19.51 | 18.79 | — | — | ||||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 101.09 | (1.86 | ) | (9.87 | ) | (11.73 | ) | (10.08 | ) | (10.08 | ) | ||||||||||||
Year Ended July 31, 2021 | $ | 69.60 | (1.76 | ) | 33.25 | 31.49 | — | — | ||||||||||||||||
Year Ended July 31, 2020 | $ | 72.78 | (1.36 | ) | (1.82 | ) | (3.18 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019 | $ | 82.80 | (1.37 | ) | (5.28 | ) | (6.65 | ) | (3.37 | ) | (3.37 | ) | ||||||||||||
Year Ended July 31, 2018 | $ | 67.86 | (1.44 | ) | 16.38 | 14.94 | — | — | ||||||||||||||||
Small-Cap ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 117.00 | (1.20 | ) | (17.78 | )(c) | (18.98 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021 | $ | 78.58 | (1.51 | ) | 39.93 | 38.42 | — | — | ||||||||||||||||
Year Ended July 31, 2020 | $ | 85.23 | (0.78 | ) | (5.87 | ) | (6.65 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019 | $ | 90.80 | (0.04 | ) | (5.53 | ) | (5.57 | ) | — | — | ||||||||||||||
Year Ended July 31, 2018 | $ | 78.18 | (0.28 | ) | 12.90 | 12.62 | — | — | ||||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 95.85 | (2.09 | ) | (14.25 | )(c) | (16.34 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021 | $ | 65.02 | (2.40 | ) | 33.23 | 30.83 | — | — | ||||||||||||||||
Year Ended July 31, 2020 | $ | 71.24 | (1.45 | ) | (4.77 | ) | (6.22 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019 | $ | 76.65 | (0.77 | ) | (4.64 | ) | (5.41 | ) | — | — | ||||||||||||||
Year Ended July 31, 2018 | $ | 66.62 | (1.01 | ) | 11.04 | 10.03 | — | — |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 102.43 | (12.08 | )%(d) | 1.95 | % | 1.92 | % | (0.87 | )% | $ | 9,587 | 462 | % | |||||||||||||
$ | 126.49 | 46.72 | % | 1.60 | % | 1.60 | % | (0.81 | )% | $ | 9,062 | 659 | % | |||||||||||||
$ | 86.21 | (3.41 | )% | 1.83 | % | 1.83 | % | (0.80 | )% | $ | 7,867 | 442 | % | |||||||||||||
$ | 89.25 | (6.53 | )% | 1.65 | % | 1.65 | % | (0.67 | )% | $ | 10,121 | 474 | % | |||||||||||||
$ | 99.63 | 23.24 | % | 1.68 | % | 1.68 | % | (0.81 | )% | $ | 28,543 | 629 | % | |||||||||||||
$ | 79.28 | (12.94 | )%(d) | 2.95 | % | 2.92 | % | (1.87 | )% | $ | 1,235 | 462 | % | |||||||||||||
$ | 101.09 | 45.24 | % | 2.60 | % | 2.60 | % | (1.81 | )% | $ | 833 | 659 | % | |||||||||||||
$ | 69.60 | (4.36 | )% | 2.83 | % | 2.83 | % | (1.80 | )% | $ | 782 | 442 | % | |||||||||||||
$ | 72.78 | (7.46 | )% | 2.65 | % | 2.65 | % | (1.67 | )% | $ | 1,905 | 474 | % | |||||||||||||
$ | 82.80 | 22.02 | % | 2.68 | % | 2.68 | % | (1.81 | )% | $ | 1,751 | 629 | % | |||||||||||||
$ | 98.02 | (16.22 | )%(e) | 2.18 | % | 1.78 | % | (1.10 | )% | $ | 2,627 | 137 | % | |||||||||||||
$ | 117.00 | 48.89 | % | 2.03 | % | 1.81 | % | (1.40 | )% | $ | 9,241 | 115 | % | |||||||||||||
$ | 78.58 | (7.80 | )%(f) | 2.42 | % | 2.07 | %(g) | (0.98 | )% | $ | 3,030 | 109 | % | |||||||||||||
$ | 85.23 | (6.13 | )% | 1.77 | % | 1.77 | % | (0.05 | )% | $ | 8,261 | 11 | % | |||||||||||||
$ | 90.80 | 16.14 | % | 1.58 | % | 1.58 | % | (0.34 | )% | $ | 43,292 | 63 | % | |||||||||||||
$ | 79.51 | (17.05 | )%(e) | 3.18 | % | 2.78 | % | (2.10 | )% | $ | 320 | 137 | % | |||||||||||||
$ | 95.85 | 47.43 | % | 3.03 | % | 2.81 | % | (2.40 | )% | $ | 668 | 115 | % | |||||||||||||
$ | 65.02 | (8.74 | )%(f) | 3.42 | % | 3.07 | %(g) | (1.98 | )% | $ | 237 | 109 | % | |||||||||||||
$ | 71.24 | (7.05 | )% | 2.77 | % | 2.77 | % | (1.05 | )% | $ | 408 | 11 | % | |||||||||||||
$ | 76.65 | 15.06 | % | 2.58 | % | 2.58 | % | (1.34 | )% | $ | 2,705 | 63 | % |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | The amount shown for a share outstanding throughout the period does not accord with the change in aggregate gains and losses in the portfolio of securities during the period because of the timing of sales and purchases of fund shares in relation to fluctuating market values during the period. |
(d) | During the year ended July 31, 2022, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.04%. |
(e) | During the year ended July 31, 2022, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.06%. |
(f) | During the year ended July 31, 2020, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.15%. |
November 30th of each year, instead of coinciding with the July 31st year end. Details of the current expense limitation in effect can be found in Note 4 of the accompanying Notes to Financial Statements. | |
(g) | The expense ratio does not correlate to the applicable expense limits in place during the period given that the annual contractual expense limitation is applied for the one year periods ended November 30th of each year, instead of coinciding with the July 31st year end. Details of the current expense limitation in effect can be found in Note 4 of the accompanying Notes to Financial Statements. |
See accompanying notes to the financial statements.
Financial Highlights :: 315
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Net Realized Gains on Investments | Total Distributions | ||||||||||||||||||||||
Small-Cap Value ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 104.97 | (0.02 | ) | (4.11 | ) | (4.13 | ) | (0.20 | ) | — | (0.20 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 64.53 | 0.11 | 40.33 | 40.44 | — | — | — | ||||||||||||||||||||
Year Ended July 31, 2020 | $ | 78.32 | (0.16 | ) | (13.57 | ) | (13.73 | ) | (0.06 | ) | — | (0.06 | ) | |||||||||||||||
Year Ended July 31, 2019 | $ | 98.51 | (0.23 | ) | (10.96 | ) | (11.19 | ) | — | (9.00 | ) | (9.00 | ) | |||||||||||||||
Year Ended July 31, 2018 | $ | 83.05 | (0.19 | ) | 15.65 | 15.46 | — | — | — | |||||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 84.68 | (0.86 | ) | (3.31 | ) | (4.17 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2021 | $ | 52.57 | (0.67 | ) | 32.78 | 32.11 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 64.40 | (0.74 | ) | (11.09 | ) | (11.83 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2019 | $ | 83.80 | (0.92 | ) | (9.48 | ) | (10.40 | ) | — | (9.00 | ) | (9.00 | ) | |||||||||||||||
Year Ended July 31, 2018 | $ | 71.35 | (0.96 | ) | 13.41 | 12.45 | — | — | — | |||||||||||||||||||
Technology UltraSector ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 124.76 | (1.07 | ) | (24.11 | ) | (25.18 | ) | — | (9.14 | ) | (9.14 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 75.45 | (0.90 | ) | 52.38 | 51.48 | — | (2.17 | ) | (2.17 | ) | |||||||||||||||||
Year Ended July 31, 2020(d) | $ | 49.47 | (0.29 | ) | 26.27 | 25.98 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2019(d) | $ | 42.49 | 0.03 | 7.03 | 7.06 | — | (0.08 | ) | (0.08 | ) | ||||||||||||||||||
Year Ended July 31, 2018(d) | $ | 32.01 | (0.07 | ) | 12.23 | 12.16 | — | (1.68 | ) | (1.68 | ) | |||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 101.80 | (2.00 | ) | (18.72 | ) | (20.72 | ) | — | (9.14 | ) | (9.14 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 62.48 | (1.70 | ) | 43.19 | 41.49 | — | (2.17 | ) | (2.17 | ) | |||||||||||||||||
Year Ended July 31, 2020(d) | $ | 41.38 | (0.75 | ) | 21.85 | 21.10 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2019(d) | $ | 35.92 | (0.34 | ) | 5.88 | 5.54 | — | (0.08 | ) | (0.08 | ) | |||||||||||||||||
Year Ended July 31, 2018(d) | $ | 27.54 | (0.40 | ) | 10.46 | 10.06 | — | (1.68 | ) | (1.68 | ) |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 100.64 | (3.94 | )% | 1.68 | % | 1.68 | % | (0.02 | )% | $ | 8,441 | 638 | % | |||||||||||||
$ | 104.97 | 62.67 | % | 1.61 | % | 1.61 | % | 0.12 | % | $ | 14,775 | 547 | % | |||||||||||||
$ | 64.53 | (17.55 | )% | 2.02 | % | 2.02 | %(c) | (0.22 | )% | $ | 4,232 | 624 | % | |||||||||||||
$ | 78.32 | (9.96 | )% | 1.74 | % | 1.74 | % | (0.27 | )% | $ | 5,380 | 427 | % | |||||||||||||
$ | 98.51 | 18.61 | % | 1.75 | % | 1.75 | % | (0.21 | )% | $ | 32,670 | 447 | % | |||||||||||||
$ | 80.51 | (4.90 | )% | 2.68 | % | 2.68 | % | (1.02 | )% | $ | 790 | 638 | % | |||||||||||||
$ | 84.68 | 61.08 | % | 2.61 | % | 2.61 | % | (0.88 | )% | $ | 770 | 547 | % | |||||||||||||
$ | 52.57 | (18.37 | )% | 3.02 | % | 3.02 | %(c) | (1.22 | )% | $ | 320 | 624 | % | |||||||||||||
$ | 64.40 | (10.83 | )% | 2.74 | % | 2.74 | % | (1.27 | )% | $ | 429 | 427 | % | |||||||||||||
$ | 83.80 | 17.45 | % | 2.75 | % | 2.75 | % | (1.21 | )% | $ | 480 | 447 | % | |||||||||||||
$ | 90.44 | (22.70 | )% | 1.48 | % | 1.48 | % | (0.93 | )% | $ | 44,187 | 51 | % | |||||||||||||
$ | 124.76 | 69.21 | % | 1.55 | % | 1.55 | % | (0.97 | )% | $ | 95,384 | 114 | % | |||||||||||||
$ | 75.45 | 52.51 | % | 1.65 | % | 1.65 | % | (0.51 | )% | $ | 86,988 | 177 | % | |||||||||||||
$ | 49.47 | 16.70 | % | 1.58 | % | 1.58 | % | 0.06 | % | $ | 83,112 | 332 | % | |||||||||||||
$ | 42.49 | 38.70 | % | 1.49 | % | 1.49 | % | (0.19 | )% | $ | 96,683 | 174 | % | |||||||||||||
$ | 71.94 | (23.48 | )% | 2.48 | % | 2.48 | % | (1.93 | )% | $ | 3,393 | 51 | % | |||||||||||||
$ | 101.80 | 67.57 | % | 2.55 | % | 2.55 | % | (1.97 | )% | $ | 6,454 | 114 | % | |||||||||||||
$ | 62.48 | 50.97 | % | 2.65 | % | 2.65 | % | (1.51 | )% | $ | 2,858 | 177 | % | |||||||||||||
$ | 41.38 | 15.53 | % | 2.58 | % | 2.58 | % | (0.94 | )% | $ | 3,082 | 332 | % | |||||||||||||
$ | 35.92 | 37.31 | % | 2.49 | % | 2.49 | % | (1.19 | )% | $ | 5,780 | 174 | % |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | The expense ratio does not correlate to the applicable expense limits in place during the period given that the annual contractual expense limitation is applied for one year periods ended November 30th of each year, instead of coinciding with the July 31st year end. Details of the current expense limitation in effect can be found in Note 4 of the accompanying Notes to Financial Statements. |
(d) | As described in Note 9, share amounts have been adjusted for 3:1 share split that occurred on November 18, 2019. |
See accompanying notes to the financial statements.
316 :: Financial Highlights
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Total Distributions | |||||||||||||||||||
Telecommunications UltraSector ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 25.43 | 0.11 | (4.72 | ) | (4.61 | ) | (0.13 | ) | (0.13 | ) | |||||||||||||
Year Ended July 31, 2021 | $ | 19.67 | 0.10 | 5.78 | 5.88 | (0.12 | ) | (0.12 | ) | |||||||||||||||
Year Ended July 31, 2020 | $ | 21.80 | 0.12 | (1.88 | ) | (1.76 | ) | (0.37 | ) | (0.37 | ) | |||||||||||||
Year Ended July 31, 2019 | $ | 21.33 | 0.07 | 0.92 | 0.99 | (0.52 | ) | (0.52 | ) | |||||||||||||||
Year Ended July 31, 2018 | $ | 24.17 | 0.39 | (2.30 | ) | (1.91 | ) | (0.93 | ) | (0.93 | ) | |||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 24.41 | (0.13 | ) | (4.52 | ) | (4.65 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021 | $ | 18.96 | (0.11 | ) | 5.56 | 5.45 | — | — | ||||||||||||||||
Year Ended July 31, 2020 | $ | 20.99 | (0.07 | ) | (1.86 | ) | (1.93 | ) | (0.10 | ) | (0.10 | ) | ||||||||||||
Year Ended July 31, 2019 | $ | 20.24 | (0.13 | ) | 0.96 | 0.83 | (0.08 | ) | (0.08 | ) | ||||||||||||||
Year Ended July 31, 2018 | $ | 22.78 | 0.18 | (2.26 | ) | (2.08 | ) | (0.46 | ) | (0.46 | ) | |||||||||||||
UltraBear ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 21.42 | (0.29 | ) | (0.43 | )(c) | (0.72 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021(d) | $ | 43.58 | (0.53 | ) | (21.48 | ) | (22.01 | ) | (0.15 | ) | (0.15 | ) | ||||||||||||
Year Ended July 31, 2020(d) | $ | 76.76 | (0.52 | ) | (32.66 | ) | (33.18 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019(d) | $ | 91.23 | 0.40 | (14.87 | ) | (14.47 | ) | — | — | |||||||||||||||
Year Ended July 31, 2018(d) | $ | 125.67 | (0.56 | ) | (33.88 | ) | (34.44 | ) | — | — | ||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 19.19 | (0.48 | ) | (0.38 | )(c) | (0.86 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021(d) | $ | 39.25 | (0.81 | ) | (19.25 | ) | (20.06 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020(d) | $ | 69.86 | (1.12 | ) | (29.49 | ) | (30.61 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019(d) | $ | 83.88 | (0.44 | ) | (13.58 | ) | (14.02 | ) | — | — | ||||||||||||||
Year Ended July 31, 2018(d) | $ | 116.67 | (1.48 | ) | (31.31 | ) | (32.79 | ) | — | — |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 20.69 | (18.25 | )% | 4.57 | % | 1.78 | % | 0.45 | % | $ | 800 | 229 | % | |||||||||||||
$ | 25.43 | 30.01 | % | 4.54 | % | 1.78 | % | 0.47 | % | $ | 1,118 | 286 | % | |||||||||||||
$ | 19.67 | (8.22 | )% | 5.13 | % | 1.78 | % | 0.63 | % | $ | 862 | 132 | % | |||||||||||||
$ | 21.80 | 5.18 | % | 2.16 | % | 1.80 | % | 0.36 | % | $ | 1,468 | 1,449 | % | |||||||||||||
$ | 21.33 | (8.45 | )% | 2.64 | % | 1.95 | % | 1.74 | % | $ | 1,900 | 412 | % | |||||||||||||
$ | 19.76 | (19.05 | )% | 5.57 | % | 2.78 | % | (0.55 | )% | $ | 21 | 229 | % | |||||||||||||
$ | 24.41 | 28.74 | % | 5.54 | % | 2.78 | % | (0.53 | )% | $ | 56 | 286 | % | |||||||||||||
$ | 18.96 | (9.22 | )% | 6.13 | % | 2.78 | % | (0.37 | )% | $ | 44 | 132 | % | |||||||||||||
$ | 20.99 | 4.17 | % | 3.16 | % | 2.80 | % | (0.64 | )% | $ | 75 | 1,449 | % | |||||||||||||
$ | 20.24 | (9.41 | )% | 3.64 | % | 2.95 | % | 0.74 | % | $ | 91 | 412 | % | |||||||||||||
$ | 20.70 | (3.36 | )% | 1.97 | % | 1.78 | % | (1.40 | )% | $ | 11,191 | — | ||||||||||||||
$ | 21.42 | (50.64 | )% | 2.08 | % | 1.78 | % | (1.77 | )% | $ | 5,438 | — | ||||||||||||||
$ | 43.58 | (43.20 | )% | 2.04 | % | 1.78 | % | (0.80 | )% | $ | 9,880 | — | ||||||||||||||
$ | 76.76 | (15.87 | )% | 1.95 | % | 1.84 | % | 0.44 | % | $ | 8,869 | — | ||||||||||||||
$ | 91.23 | (27.40 | )% | 1.89 | % | 1.87 | % | (0.54 | )% | $ | 8,335 | — | ||||||||||||||
$ | 18.33 | (4.43 | )% | 2.97 | % | 2.78 | % | (2.40 | )% | $ | 10 | — | ||||||||||||||
$ | 19.19 | (51.07 | )% | 3.08 | % | 2.78 | % | (2.77 | )% | $ | 14 | — | ||||||||||||||
$ | 39.25 | (43.81 | )% | 3.04 | % | 2.78 | % | (1.80 | )% | $ | 72 | — | ||||||||||||||
$ | 69.86 | (16.74 | )% | 2.95 | % | 2.84 | % | (0.56 | )% | $ | 265 | — | ||||||||||||||
$ | 83.88 | (28.11 | )% | 2.89 | % | 2.87 | % | (1.54 | )% | $ | 3,607 | — |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | The amount shown for a share outstanding throughout the period does not accord with the change in aggregate gains and losses in the portfolio of securities during the period because of the timing of sales and purchases of fund shares in relation to fluctuating market values during the period. |
(d) | As described in Note 9, share amounts have been adjusted for 1:4 reverse share split that occurred on December 14, 2020. |
See accompanying notes to the financial statements.
Financial Highlights :: 317
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Net Realized Gains on Investments | Total Distributions | ||||||||||||||||||||||
UltraBull ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 112.96 | (0.33 | ) | (15.63 | ) | (15.96 | ) | — | (6.97 | ) | (6.97 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 72.03 | (0.46 | ) | 51.97 | 51.51 | (0.41 | ) | (10.17 | ) | (10.58 | ) | ||||||||||||||||
Year Ended July 31, 2020 | $ | 67.93 | 0.06 | 4.37 | 4.43 | (0.33 | ) | — | (0.33 | ) | ||||||||||||||||||
Year Ended July 31, 2019 | $ | 62.85 | 0.33 | 5.03 | 5.36 | (0.06 | ) | (0.22 | ) | (0.28 | ) | |||||||||||||||||
Year Ended July 31, 2018(c) | $ | 49.15 | 0.18 | 13.52 | 13.70 | — | — | — | ||||||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 90.15 | (1.15 | ) | (12.11 | ) | (13.26 | ) | — | (6.97 | ) | (6.97 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 59.40 | (1.20 | ) | 42.12 | 40.92 | — | (10.17 | ) | (10.17 | ) | |||||||||||||||||
Year Ended July 31, 2020 | $ | 56.36 | (0.49 | ) | 3.53 | 3.04 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2019 | $ | 52.65 | (0.17 | ) | 4.10 | 3.93 | — | (0.22 | ) | (0.22 | ) | |||||||||||||||||
Year Ended July 31, 2018(c) | $ | 41.58 | (0.30 | ) | 11.37 | 11.07 | — | — | — | |||||||||||||||||||
UltraChina ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 11.80 | (0.02 | ) | (8.35 | ) | (8.37 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2021 | $ | 17.31 | (0.23 | ) | (5.28 | ) | (5.51 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2020 | $ | 11.42 | (0.05 | ) | 5.95 | 5.90 | (0.01 | ) | — | (0.01 | ) | |||||||||||||||||
Year Ended July 31, 2019 | $ | 17.79 | (0.01 | ) | (6.36 | ) | (6.37 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2018 | $ | 16.41 | (0.01 | ) | 1.53 | 1.52 | (0.14 | ) | — | (0.14 | ) | |||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 10.37 | (0.06 | ) | (7.32 | ) | (7.38 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2021 | $ | 15.36 | (0.42 | ) | (4.57 | ) | (4.99 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2020 | $ | 10.23 | (0.17 | ) | 5.30 | 5.13 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2019 | $ | 16.11 | (0.12 | ) | (5.76 | ) | (5.88 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2018 | $ | 14.97 | (0.19 | ) | 1.41 | 1.22 | (0.08 | ) | — | (0.08 | ) |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 90.03 | (14.96 | )% | 1.46 | % | 1.46 | % | (0.31 | )% | $ | 101,714 | 16 | % | |||||||||||||
$ | 112.96 | 77.44 | % | 1.51 | % | 1.51 | % | (0.51 | )% | $ | 128,079 | 31 | % | |||||||||||||
$ | 72.03 | 6.48 | % | 1.60 | % | 1.60 | % | 0.09 | % | $ | 99,875 | 151 | % | |||||||||||||
$ | 67.93 | 8.54 | % | 1.50 | % | 1.50 | % | 0.54 | % | $ | 174,947 | 159 | % | |||||||||||||
$ | 62.85 | 27.89 | % | 1.40 | % | 1.40 | % | 0.31 | % | $ | 185,706 | 174 | % | |||||||||||||
$ | 69.92 | (15.80 | )% | 2.46 | % | 2.46 | % | (1.31 | )% | $ | 2,036 | 16 | % | |||||||||||||
$ | 90.15 | 75.68 | % | 2.51 | % | 2.51 | % | (1.51 | )% | $ | 2,785 | 31 | % | |||||||||||||
$ | 59.40 | 5.39 | % | 2.60 | % | 2.60 | % | (0.91 | )% | $ | 1,808 | 151 | % | |||||||||||||
$ | 56.36 | 7.46 | % | 2.50 | % | 2.50 | % | (0.46 | )% | $ | 1,389 | 159 | % | |||||||||||||
$ | 52.65 | 26.62 | % | 2.40 | % | 2.40 | % | (0.69 | )% | $ | 1,838 | 174 | % | |||||||||||||
$ | 3.43 | (70.93 | )% | 1.74 | % | 1.74 | % | (0.37 | )% | $ | 15,352 | 243 | % | |||||||||||||
$ | 11.80 | (31.83 | )% | 1.67 | % | 1.67 | % | (1.05 | )% | $ | 17,626 | 255 | % | |||||||||||||
$ | 17.31 | 51.69 | % | 1.79 | % | 1.79 | % | (0.42 | )% | $ | 14,973 | 314 | % | |||||||||||||
$ | 11.42 | (35.81 | )% | 1.70 | % | 1.70 | % | (0.05 | )% | $ | 21,723 | 360 | % | |||||||||||||
$ | 17.79 | 9.24 | % | 1.51 | % | 1.51 | % | (0.07 | )% | $ | 27,453 | 312 | % | |||||||||||||
$ | 2.99 | (71.17 | )% | 2.74 | % | 2.74 | % | (1.37 | )% | $ | 788 | 243 | % | |||||||||||||
$ | 10.37 | (32.49 | )% | 2.67 | % | 2.67 | % | (2.05 | )% | $ | 423 | 255 | % | |||||||||||||
$ | 15.36 | 50.15 | % | 2.79 | % | 2.79 | % | (1.42 | )% | $ | 2,654 | 314 | % | |||||||||||||
$ | 10.23 | (36.50 | )% | 2.70 | % | 2.70 | % | (1.05 | )% | $ | 405 | 360 | % | |||||||||||||
$ | 16.11 | 8.10 | % | 2.51 | % | 2.51 | % | (1.07 | )% | $ | 1,006 | 312 | % |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | As described in Note 9, share amounts have been adjusted for 3:1 share split that occurred on January 22, 2018. |
See accompanying notes to the financial statements.
318 :: Financial Highlights
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Net Realized Gains on Investments | Total Distributions | ||||||||||||||||||||||
UltraDow 30 ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 66.90 | (0.08 | ) | (7.91 | ) | (7.99 | ) | — | (4.27 | ) | (4.27 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 39.32 | (0.24 | ) | 28.83 | 28.59 | — | (1.01 | ) | (1.01 | ) | |||||||||||||||||
Year Ended July 31, 2020(c) | $ | 47.25 | 0.11 | (7.02 | ) | (6.91 | ) | (0.30 | ) | (0.72 | ) | (1.02 | ) | |||||||||||||||
Year Ended July 31, 2019(c) | $ | 43.77 | 0.30 | 3.52 | 3.82 | (0.34 | ) | — | (0.34 | ) | ||||||||||||||||||
Year Ended July 31, 2018(c) | $ | 33.52 | 0.12 | 10.90 | 11.02 | (0.01 | ) | (0.76 | ) | (0.77 | ) | |||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 57.42 | (0.62 | ) | (6.60 | ) | (7.22 | ) | — | (4.27 | ) | (4.27 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 34.20 | (0.71 | ) | 24.94 | 24.23 | — | (1.01 | ) | (1.01 | ) | |||||||||||||||||
Year Ended July 31, 2020(c) | $ | 41.33 | (0.27 | ) | (6.14 | ) | (6.41 | ) | — | (0.72 | ) | (0.72 | ) | |||||||||||||||
Year Ended July 31, 2019(c) | $ | 38.31 | (0.09 | ) | 3.11 | 3.02 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2018(c) | $ | 29.70 | (0.24 | ) | 9.61 | 9.37 | — | (0.76 | ) | (0.76 | ) | |||||||||||||||||
UltraEmerging Markets ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 79.62 | 0.57 | (38.41 | ) | (37.84 | ) | — | — | — | ||||||||||||||||||
Year Ended July 31, 2021 | $ | 62.20 | (0.56 | ) | 17.98 | 17.42 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 51.58 | — | (e) | 10.62 | 10.62 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2019 | $ | 63.07 | 0.05 | (11.25 | ) | (11.20 | ) | (0.29 | ) | — | (0.29 | ) | ||||||||||||||||
Year Ended July 31, 2018 | $ | 61.63 | 0.25 | 1.30 | 1.55 | (0.11 | ) | — | (0.11 | ) | ||||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 72.13 | 0.02 | (34.67 | ) | (34.65 | ) | — | — | — | ||||||||||||||||||
Year Ended July 31, 2021 | $ | 56.90 | (1.36 | ) | 16.59 | 15.23 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 47.65 | (0.47 | ) | 9.72 | 9.25 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2019 | $ | 58.50 | (0.44 | ) | (10.41 | ) | (10.85 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2018 | $ | 57.67 | (0.38 | ) | 1.21 | 0.83 | — | — | — |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 54.64 | (13.07 | )% | 1.54 | % | 1.54 | % | (0.14 | )% | $ | 32,075 | 10 | % | |||||||||||||
$ | 66.90 | 73.58 | % | 1.59 | % | 1.59 | % | (0.45 | )% | $ | 39,210 | 16 | % | |||||||||||||
$ | 39.32 | (15.15 | )% | 1.72 | % | 1.72 | % | 0.26 | % | $ | 26,124 | 6 | % | |||||||||||||
$ | 47.25 | 8.97 | % | 1.62 | % | 1.62 | % | 0.68 | % | $ | 38,924 | 1 | % | |||||||||||||
$ | 43.77 | 32.94 | % | 1.51 | % | 1.51 | % | 0.29 | % | $ | 37,484 | 59 | % | |||||||||||||
$ | 45.93 | (13.94 | )% | 2.54 | % | 2.54 | % | (1.14 | )% | $ | 738 | 10 | % | |||||||||||||
$ | 57.42 | 71.85 | % | 2.59 | % | 2.59 | % | (1.45 | )% | $ | 1,203 | 16 | % | |||||||||||||
$ | 34.20 | (15.95 | )% | 2.72 | % | 2.72 | % | (0.74 | )% | $ | 648 | 6 | % | |||||||||||||
$ | 41.33 | 7.87 | % | 2.62 | % | 2.62 | % | (0.32 | )% | $ | 732 | 1 | % | |||||||||||||
$ | 38.31 | 31.62 | % | 2.51 | % | 2.51 | % | (0.71 | )% | $ | 1,584 | 59 | % | |||||||||||||
$ | 41.78 | (47.53 | )%(d) | 1.99 | % | 1.92 | % | 1.00 | % | $ | 5,666 | 265 | % | |||||||||||||
$ | 79.62 | 28.02 | % | 1.78 | % | 1.77 | % | (0.64 | )% | $ | 8,976 | 211 | % | |||||||||||||
$ | 62.20 | 20.59 | %(f) | 1.94 | % | 1.85 | % | — | %(g) | $ | 13,176 | 240 | % | |||||||||||||
$ | 51.58 | (17.70 | )% | 1.84 | % | 1.84 | % | 0.10 | % | $ | 12,846 | 137 | % | |||||||||||||
$ | 63.07 | 2.50 | % | 1.52 | % | 1.52 | % | 0.37 | % | $ | 22,713 | 125 | % | |||||||||||||
$ | 37.48 | (48.05 | )%(d) | 2.99 | % | 2.92 | % | — | %(g) | $ | 95 | 265 | % | |||||||||||||
$ | 72.13 | 26.78 | % | 2.78 | % | 2.77 | % | (1.64 | )% | $ | 345 | 211 | % | |||||||||||||
$ | 56.90 | 19.41 | %(f) | 2.94 | % | 2.85 | % | (1.00 | )% | $ | 353 | 240 | % | |||||||||||||
$ | 47.65 | (18.55 | )% | 2.84 | % | 2.84 | % | (0.90 | )% | $ | 213 | 137 | % | |||||||||||||
$ | 58.50 | 1.44 | % | 2.52 | % | 2.52 | % | (0.63 | )% | $ | 623 | 125 | % |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | As described in Note 9, share amounts have been adjusted for 3:1 share split that occurred on November 18, 2019. |
(d) | During the year ended July 31, 2022, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.06%. |
(e) | Amount is less than $0.005. |
(f) | During the year ended July 31, 2020, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 1.01%. |
(g) | Amount is less than 0.005%. |
See accompanying notes to the financial statements.
Financial Highlights :: 319
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Realized Gains on Investments | Total Distributions | |||||||||||||||||||
UltraInternational ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 21.26 | (0.29 | ) | (6.26 | ) | (6.55 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021 | $ | 13.16 | (0.32 | ) | 8.42 | 8.10 | — | — | ||||||||||||||||
Year Ended July 31, 2020 | $ | 15.58 | (0.09 | ) | (2.33 | ) | (2.42 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019 | $ | 17.99 | 0.03 | (2.44 | ) | (2.41 | ) | — | — | |||||||||||||||
Year Ended July 31, 2018 | $ | 17.10 | (0.07 | ) | 0.96 | 0.89 | — | — | ||||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 18.65 | (0.46 | ) | (5.43 | ) | (5.89 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021 | $ | 11.64 | (0.48 | ) | 7.49 | 7.01 | — | — | ||||||||||||||||
Year Ended July 31, 2020 | $ | 13.92 | (0.22 | ) | (2.06 | ) | (2.28 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019 | $ | 16.23 | (0.11 | ) | (2.20 | ) | (2.31 | ) | — | — | ||||||||||||||
Year Ended July 31, 2018 | $ | 15.59 | (0.24 | ) | 0.88 | 0.64 | — | — | ||||||||||||||||
UltraJapan ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 31.75 | (0.45 | ) | 1.09 | 0.64 | (4.34 | ) | (4.34 | ) | ||||||||||||||
Year Ended July 31, 2021 | $ | 20.81 | (0.56 | ) | 11.50 | 10.94 | — | — | ||||||||||||||||
Year Ended July 31, 2020 | $ | 21.87 | (0.17 | ) | (0.89 | ) | (1.06 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019 | $ | 24.93 | 0.04 | (2.61 | ) | (2.57 | ) | (0.49 | ) | (0.49 | ) | |||||||||||||
Year Ended July 31, 2018 | $ | 19.76 | (0.11 | ) | 5.28 | 5.17 | — | — | ||||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 26.53 | (0.69 | ) | 1.10 | 0.41 | (4.34 | ) | (4.34 | ) | ||||||||||||||
Year Ended July 31, 2021 | $ | 17.56 | (0.82 | ) | 9.79 | 8.97 | — | — | ||||||||||||||||
Year Ended July 31, 2020 | $ | 18.64 | (0.36 | ) | (0.72 | ) | (1.08 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019 | $ | 21.52 | (0.16 | ) | (2.23 | ) | (2.39 | ) | (0.49 | ) | (0.49 | ) | ||||||||||||
Year Ended July 31, 2018 | $ | 17.23 | (0.31 | ) | 4.60 | 4.29 | — | — |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 14.71 | (30.81 | )% | 2.82 | % | 1.78 | % | (1.55 | )% | $ | 2,322 | — | ||||||||||||||
$ | 21.26 | 61.55 | % | 2.31 | % | 1.78 | % | (1.76 | )% | $ | 3,101 | — | ||||||||||||||
$ | 13.16 | (15.53 | )% | 2.61 | % | 1.87 | % | (0.60 | )% | $ | 4,078 | — | ||||||||||||||
$ | 15.58 | (13.40 | )% | 2.30 | % | 2.04 | %(c) | 0.16 | % | $ | 2,989 | — | ||||||||||||||
$ | 17.99 | 5.20 | % | 1.62 | % | 1.62 | % | (0.40 | )% | $ | 9,114 | — | ||||||||||||||
$ | 12.76 | (31.53 | )% | 3.82 | % | 2.78 | % | (2.55 | )% | $ | 25 | — | ||||||||||||||
$ | 18.65 | 60.22 | % | 3.31 | % | 2.78 | % | (2.76 | )% | $ | 51 | — | ||||||||||||||
$ | 11.64 | (16.38 | )% | 3.61 | % | 2.87 | % | (1.60 | )% | $ | 70 | — | ||||||||||||||
$ | 13.92 | (14.23 | )% | 3.29 | % | 3.03 | %(c) | (0.83 | )% | $ | 47 | — | ||||||||||||||
$ | 16.23 | 4.11 | % | 2.62 | % | 2.62 | % | (1.40 | )% | $ | 184 | — | ||||||||||||||
$ | 28.05 | (0.05 | )% | 1.81 | % | 1.78 | % | (1.56 | )% | $ | 12,750 | — | ||||||||||||||
$ | 31.75 | 52.57 | % | 1.80 | % | 1.78 | % | (1.77 | )% | $ | 14,600 | — | ||||||||||||||
$ | 20.81 | (4.85 | )% | 1.94 | % | 1.86 | % | (0.77 | )% | $ | 10,556 | — | ||||||||||||||
$ | 21.87 | (10.75 | )% | 1.83 | % | 1.83 | % | 0.16 | % | $ | 13,423 | — | ||||||||||||||
$ | 24.93 | 26.16 | % | 1.66 | % | 1.66 | % | (0.45 | )% | $ | 20,993 | — | ||||||||||||||
$ | 22.60 | (1.04 | )% | 2.81 | % | 2.78 | % | (2.56 | )% | $ | 115 | — | ||||||||||||||
$ | 26.53 | 51.08 | % | 2.80 | % | 2.78 | % | (2.77 | )% | $ | 143 | — | ||||||||||||||
$ | 17.56 | (5.79 | )% | 2.94 | % | 2.86 | % | (1.77 | )% | $ | 109 | — | ||||||||||||||
$ | 18.64 | (11.63 | )% | 2.83 | % | 2.83 | % | (0.84 | )% | $ | 258 | — | ||||||||||||||
$ | 21.52 | 24.90 | % | 2.66 | % | 2.66 | % | (1.45 | )% | $ | 237 | — |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). |
(c) | The expense ratio does not correlate to the applicable expense limits in place during the period given that the annual contractual expense limitation is applied for the one year periods ended November 30th of each year, instead of coinciding with the July 31st year end. Details of the current expense limitation in effect can be found in Note 4 of the accompanying Notes to Financial Statements. |
See accompanying notes to the financial statements.
320 :: Financial Highlights
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Net Realized Gains on Investments | Total Distributions | ||||||||||||||||||||||
UltraLatin America ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 19.08 | 1.13 | (4.70 | ) | (3.57 | ) | (0.83 | ) | — | (0.83 | ) | ||||||||||||||||
Year Ended July 31, 2021 | $ | 10.61 | 0.18 | 8.38 | 8.56 | (0.09 | ) | — | (0.09 | ) | ||||||||||||||||||
Year Ended July 31, 2020 | $ | 31.86 | 0.28 | (21.10 | ) | (20.82 | ) | (0.43 | ) | — | (0.43 | ) | ||||||||||||||||
Year Ended July 31, 2019 | $ | 33.55 | 0.44 | (1.66 | ) | (1.22 | ) | (0.47 | ) | — | (0.47 | ) | ||||||||||||||||
Year Ended July 31, 2018 | $ | 35.83 | 0.28 | (2.47 | ) | (2.19 | ) | (0.09 | ) | — | (0.09 | ) | ||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 18.34 | 0.97 | (4.54 | ) | (3.57 | ) | (0.57 | ) | — | (0.57 | ) | ||||||||||||||||
Year Ended July 31, 2021 | $ | 10.26 | 0.04 | 8.06 | 8.10 | (0.02 | ) | — | (0.02 | ) | ||||||||||||||||||
Year Ended July 31, 2020 | $ | 30.71 | 0.12 | (20.57 | ) | (20.45 | ) | — | — | — | ||||||||||||||||||
Year Ended July 31, 2019 | $ | 32.16 | 0.13 | (1.58 | ) | (1.45 | ) | — | — | — | ||||||||||||||||||
Year Ended July 31, 2018 | $ | 34.61 | (0.10 | ) | (2.35 | ) | (2.45 | ) | — | — | — | |||||||||||||||||
UltraMid-Cap ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 66.78 | (0.23 | ) | (10.83 | ) | (11.06 | ) | — | (3.25 | ) | (3.25 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 32.83 | (0.33 | ) | 34.28 | 33.95 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 44.23 | (0.05 | ) | (10.37 | ) | (10.42 | ) | (0.14 | ) | (0.84 | ) | (0.98 | ) | ||||||||||||||
Year Ended July 31, 2019 | $ | 46.93 | 0.07 | (2.72 | ) | (2.65 | ) | (0.01 | ) | (0.04 | ) | (0.05 | ) | |||||||||||||||
Year Ended July 31, 2018(e) | $ | 40.56 | (0.01 | ) | 9.46 | (f) | 9.45 | — | (3.08 | ) | (3.08 | ) | ||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 53.58 | (0.72 | ) | (8.44 | ) | (9.16 | ) | — | (3.25 | ) | (3.25 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 26.59 | (0.75 | ) | 27.74 | 26.99 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 36.24 | (0.34 | ) | (8.47 | ) | (8.81 | ) | — | (0.84 | ) | (0.84 | ) | |||||||||||||||
Year Ended July 31, 2019 | $ | 38.86 | (0.28 | ) | (2.30 | ) | (2.58 | ) | — | (0.04 | ) | (0.04 | ) | |||||||||||||||
Year Ended July 31, 2018(e) | $ | 34.37 | (0.37 | ) | 7.94 | (f) | 7.57 | — | (3.08 | ) | (3.08 | ) |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 14.68 | (18.44 | )%(c) | 1.73 | % | 1.73 | % | 6.86 | % | $ | 9,583 | 141 | % | |||||||||||||
$ | 19.08 | 80.78 | % | 1.72 | % | 1.72 | % | 1.22 | % | $ | 15,939 | 163 | % | |||||||||||||
$ | 10.61 | (66.27 | )%(d) | 1.71 | % | 1.71 | % | 1.46 | % | $ | 15,724 | 237 | % | |||||||||||||
$ | 31.86 | (3.51 | )% | 1.69 | % | 1.69 | % | 1.34 | % | $ | 31,560 | 132 | % | |||||||||||||
$ | 33.55 | (6.15 | )% | 1.53 | % | 1.53 | % | 0.72 | % | $ | 37,611 | 315 | % | |||||||||||||
$ | 14.20 | (19.32 | )%(c) | 2.73 | % | 2.73 | % | 5.86 | % | $ | 108 | 141 | % | |||||||||||||
$ | 18.34 | 78.96 | % | 2.72 | % | 2.72 | % | 0.22 | % | $ | 148 | 163 | % | |||||||||||||
$ | 10.26 | (66.59 | )%(d) | 2.70 | % | 2.70 | % | 0.47 | % | $ | 98 | 237 | % | |||||||||||||
$ | 30.71 | (4.51 | )% | 2.69 | % | 2.69 | % | 0.34 | % | $ | 81 | 132 | % | |||||||||||||
$ | 32.16 | (7.08 | )% | 2.53 | % | 2.53 | % | (0.28 | )% | $ | 436 | 315 | % | |||||||||||||
$ | 52.47 | (17.57 | )% | 1.51 | % | 1.51 | % | (0.38 | )% | $ | 43,761 | 28 | % | |||||||||||||
$ | 66.78 | 103.44 | % | 1.53 | % | 1.53 | % | (0.62 | )% | $ | 61,650 | 40 | % | |||||||||||||
$ | 32.83 | (24.24 | )% | 1.66 | % | 1.66 | % | (0.12 | )% | $ | 30,383 | 63 | % | |||||||||||||
$ | 44.23 | (5.62 | )% | 1.53 | % | 1.53 | % | 0.16 | % | $ | 80,404 | 52 | % | |||||||||||||
$ | 46.93 | 23.80 | % | 1.43 | % | 1.43 | % | (0.01 | )% | $ | 91,844 | 28 | % | |||||||||||||
$ | 41.17 | (18.40 | )% | 2.51 | % | 2.51 | % | (1.38 | )% | $ | 859 | 28 | % | |||||||||||||
$ | 53.58 | 101.47 | % | 2.53 | % | 2.53 | % | (1.61 | )% | $ | 1,231 | 40 | % | |||||||||||||
$ | 26.59 | (24.99 | )% | 2.66 | % | 2.66 | % | (1.12 | )% | $ | 636 | 63 | % | |||||||||||||
$ | 36.24 | (6.61 | )% | 2.53 | % | 2.53 | % | (0.84 | )% | $ | 847 | 52 | % | |||||||||||||
$ | 38.86 | 22.58 | % | 2.43 | % | 2.43 | % | (1.01 | )% | $ | 2,154 | 28 | % |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | During the year ended July 31, 2022, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.22%. |
(d) | During the year ended July 31, 2020, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.68%. |
(e) | As described in Note 9, share amounts have been adjusted for 3:1 share split on January 22, 2018. |
(f) | Subsequent to the issuance of the July 31, 2018 and 2019 financial statements, it was discovered that the distributions per share of $9.24 from Net Realized Gains on Investments from the year ended July 31, 2018 had not been adjusted for the 3:1 share split on January 22, 2018. The per-share amounts for both "Net Realized and Unrealized Gains (Losses) on Investments" as well as "Distributions to Shareholders from Net Realized Gains on Investments" have been revised to reflect the correct amounts. |
See accompanying notes to the financial statements.
Financial Highlights :: 321
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Net Realized Gains on Investments | Total Distributions | ||||||||||||||||||||||
UltraNasdaq-100 ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 99.86 | (0.71 | ) | (26.13 | ) | (26.84 | ) | — | (14.34 | ) | (14.34 | ) | |||||||||||||||
Year Ended July 31, 2021(c) | $ | 62.28 | (0.82 | ) | 45.88 | 45.06 | — | (7.48 | ) | (7.48 | ) | |||||||||||||||||
Year Ended July 31, 2020(c) | $ | 39.32 | (0.26 | ) | 25.83 | 25.57 | — | (2.61 | ) | (2.61 | ) | |||||||||||||||||
Year Ended July 31, 2019(c) | $ | 37.54 | 0.01 | 3.55 | 3.56 | — | (1.78 | ) | (1.78 | ) | ||||||||||||||||||
Year Ended July 31, 2018(c)(d) | $ | 26.05 | (0.09 | ) | 11.58 | 11.49 | — | — | — | |||||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 76.18 | (1.31 | ) | (18.41 | ) | (19.72 | ) | — | (14.34 | ) | (14.34 | ) | |||||||||||||||
Year Ended July 31, 2021(c) | $ | 49.32 | (1.43 | ) | 35.77 | 34.34 | — | (7.48 | ) | (7.48 | ) | |||||||||||||||||
Year Ended July 31, 2020(c) | $ | 31.89 | (0.61 | ) | 20.65 | 20.04 | — | (2.61 | ) | (2.61 | ) | |||||||||||||||||
Year Ended July 31, 2019(c) | $ | 31.05 | (0.28 | ) | 2.90 | 2.62 | — | (1.78 | ) | (1.78 | ) | |||||||||||||||||
Year Ended July 31, 2018(c)(d) | $ | 21.76 | (0.36 | ) | 9.65 | 9.29 | — | — | — | |||||||||||||||||||
UltraShort China ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 17.80 | (0.29 | ) | (4.87 | ) | (5.16 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2021 | $ | 20.11 | (0.22 | ) | (2.09 | )(e) | (2.31 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2020 | $ | 47.15 | (0.14 | ) | (26.71 | ) | (26.85 | ) | (0.19 | ) | — | (0.19 | ) | |||||||||||||||
Year Ended July 31, 2019 | $ | 40.80 | 0.24 | 6.11 | 6.35 | — | — | — | ||||||||||||||||||||
Year Ended July 31, 2018(f) | $ | 54.15 | (0.14 | ) | (13.21 | ) | (13.35 | ) | — | — | — | |||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 15.63 | (0.46 | ) | (4.15 | ) | (4.61 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2021 | $ | 17.88 | (0.34 | ) | (1.91 | )(e) | (2.25 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2020 | $ | 42.12 | (0.48 | ) | (23.76 | ) | (24.24 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2019 | $ | 36.81 | (0.19 | ) | 5.50 | 5.31 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2018(f) | $ | 49.35 | (0.52 | ) | (12.02 | ) | (12.54 | ) | — | — | — |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 58.68 | (31.91 | )% | 1.47 | % | 1.47 | % | (0.87 | )% | $ | 569,545 | 51 | % | |||||||||||||
$ | 99.86 | 76.50 | % | 1.51 | % | 1.51 | % | (1.05 | )% | $ | 1,096,713 | 29 | % | |||||||||||||
$ | 62.28 | 67.62 | % | 1.59 | % | 1.59 | % | (0.58 | )% | $ | 627,805 | 20 | % | |||||||||||||
$ | 39.32 | 9.42 | % | 1.50 | % | 1.50 | % | 0.01 | % | $ | 504,777 | 9 | % | |||||||||||||
$ | 37.54 | 44.15 | % | 1.41 | % | 1.41 | % | (0.29 | )% | $ | 497,460 | 3 | % | |||||||||||||
$ | 42.12 | (32.60 | )% | 2.47 | % | 2.47 | % | (1.87 | )% | $ | 14,120 | 51 | % | |||||||||||||
$ | 76.18 | 74.78 | % | 2.51 | % | 2.51 | % | (2.05 | )% | $ | 23,558 | 29 | % | |||||||||||||
$ | 49.32 | 65.95 | % | 2.59 | % | 2.59 | % | (1.58 | )% | $ | 15,438 | 20 | % | |||||||||||||
$ | 31.89 | 8.33 | % | 2.50 | % | 2.50 | % | (0.99 | )% | $ | 12,014 | 9 | % | |||||||||||||
$ | 31.05 | 42.70 | % | 2.41 | % | 2.41 | % | (1.29 | )% | $ | 14,914 | 3 | % | |||||||||||||
$ | 12.64 | (28.99 | )% | 2.57 | % | 1.78 | % | (1.53 | )% | $ | 1,470 | — | ||||||||||||||
$ | 17.80 | (11.49 | )% | 4.54 | % | 1.78 | % | (1.77 | )% | $ | 2,341 | — | ||||||||||||||
$ | 20.11 | (57.12 | )% | 2.83 | % | 1.78 | % | (0.37 | )% | $ | 625 | — | ||||||||||||||
$ | 47.15 | 15.56 | % | 2.45 | % | 1.78 | % | 0.50 | % | $ | 3,534 | — | ||||||||||||||
$ | 40.80 | (24.67 | )% | 2.34 | % | 1.78 | % | (0.34 | )% | $ | 2,038 | — | ||||||||||||||
$ | 11.02 | (29.58 | )% | 3.57 | % | 2.78 | % | (2.53 | )% | $ | 10 | — | ||||||||||||||
$ | 15.63 | (12.52 | )% | 5.54 | % | 2.78 | % | (2.77 | )% | $ | 6 | — | ||||||||||||||
$ | 17.88 | (57.53 | )% | 3.83 | % | 2.78 | % | (1.37 | )% | $ | 10 | — | ||||||||||||||
$ | 42.12 | 14.43 | % | 3.45 | % | 2.78 | % | (0.50 | )% | $ | 44 | — | ||||||||||||||
$ | 36.81 | (25.43 | )% | 3.34 | % | 2.78 | % | (1.34 | )% | $ | 70 | — |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | As described in Note 9, share amounts have been adjusted for 2:1 share split that occurred on December 14, 2020. |
(d) | As described in Note 9, share amounts have been adjusted for 3:1 share split on January 22, 2018. |
(e) | The amount shown for a share outstanding throughout the period does not accord with the change in aggregate gains and losses in the portfolio of securities during the period because of the timing of sales and purchases of fund shares in relation to fluctuating market values during the period. |
(f) | As described in Note 9, share amounts have been adjusted for 1:8 reverse share split that occurred on January 22, 2018. |
See accompanying notes to the financial statements.
322 :: Financial Highlights
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Total Distributions | |||||||||||||||||||
UltraShort Dow 30 ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 20.44 | (0.30 | ) | 0.22 | (c) | (0.08 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021(d) | $ | 40.04 | (0.49 | ) | (19.11 | ) | (19.60 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020(d) | $ | 60.15 | (0.56 | ) | (19.35 | ) | (19.91 | ) | (0.20 | ) | (0.20 | ) | ||||||||||||
Year Ended July 31, 2019(d) | $ | 71.69 | 0.32 | (11.86 | ) | (11.54 | ) | — | — | |||||||||||||||
Year Ended July 31, 2018(d) | $ | 104.12 | (0.36 | ) | (32.07 | ) | (32.43 | ) | — | — | ||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 17.86 | (0.47 | ) | 0.23 | (c) | (0.24 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021(d) | $ | 35.34 | (0.74 | ) | (16.74 | ) | (17.48 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020(d) | $ | 53.45 | (1.00 | ) | (17.11 | ) | (18.11 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019(d) | $ | 64.34 | (0.28 | ) | (10.61 | ) | (10.89 | ) | — | — | ||||||||||||||
Year Ended July 31, 2018(d) | $ | 94.36 | (1.12 | ) | (28.90 | ) | (30.02 | ) | — | — | ||||||||||||||
UltraShort Emerging Markets ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 23.19 | (0.39 | ) | 6.13 | 5.74 | — | — | ||||||||||||||||
Year Ended July 31, 2021(d) | $ | 39.50 | (0.45 | ) | (15.86 | ) | (16.31 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020(d) | $ | 75.75 | (0.40 | ) | (35.57 | ) | (35.97 | ) | (0.28 | ) | (0.28 | ) | ||||||||||||
Year Ended July 31, 2019(d) | $ | 73.65 | 0.36 | 1.74 | 2.10 | — | — | |||||||||||||||||
Year Ended July 31, 2018(d) | $ | 86.96 | (0.28 | ) | (13.03 | ) | (13.31 | ) | — | — | ||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 20.93 | (0.63 | ) | 5.53 | 4.90 | — | — | ||||||||||||||||
Year Ended July 31, 2021(d) | $ | 35.98 | (0.69 | ) | (14.36 | ) | (15.05 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020(d) | $ | 69.37 | (1.00 | ) | (32.39 | ) | (33.39 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019(d) | $ | 68.11 | (0.40 | ) | 1.66 | 1.26 | — | — | ||||||||||||||||
Year Ended July 31, 2018(d) | $ | 81.20 | (1.00 | ) | (12.09 | ) | (13.09 | ) | — | — |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 20.36 | (0.39 | )% | 2.65 | % | 1.78 | % | (1.48 | )% | $ | 2,491 | — | ||||||||||||||
$ | 20.44 | (48.95 | )% | 2.47 | % | 1.78 | % | (1.77 | )% | $ | 2,916 | — | ||||||||||||||
$ | 40.04 | (33.21 | )% | 2.17 | % | 1.78 | % | (1.01 | )% | $ | 5,293 | — | ||||||||||||||
$ | 60.15 | (16.07 | )% | 2.25 | % | 1.78 | % | 0.47 | % | $ | 4,491 | — | ||||||||||||||
$ | 71.69 | (31.16 | )% | 2.18 | % | 1.78 | % | (0.44 | )% | $ | 3,874 | — | ||||||||||||||
$ | 17.62 | (1.34 | )% | 3.65 | % | 2.78 | % | (2.48 | )% | $ | 156 | — | ||||||||||||||
$ | 17.86 | (49.43 | )% | 3.47 | % | 2.78 | % | (2.77 | )% | $ | 111 | — | ||||||||||||||
$ | 35.34 | (33.91 | )% | 3.17 | % | 2.78 | % | (2.01 | )% | $ | 316 | — | ||||||||||||||
$ | 53.45 | (16.92 | )% | 3.25 | % | 2.78 | % | (0.53 | )% | $ | 179 | — | ||||||||||||||
$ | 64.34 | (31.84 | )% | 3.18 | % | 2.78 | % | (1.44 | )% | $ | 268 | — | ||||||||||||||
$ | 28.93 | 24.75 | % | 3.73 | % | 1.78 | % | (1.43 | )% | $ | 1,247 | — | ||||||||||||||
$ | 23.19 | (41.26 | )% | 5.39 | % | 1.78 | % | (1.77 | )% | $ | 562 | — | ||||||||||||||
$ | 39.50 | (47.64 | )% | 2.90 | % | 1.78 | % | (0.60 | )% | $ | 974 | — | ||||||||||||||
$ | 75.75 | 2.88 | % | 2.70 | % | 1.78 | % | 0.43 | % | $ | 2,865 | — | ||||||||||||||
$ | 73.65 | (15.32 | )% | 2.35 | % | 1.78 | % | (0.40 | )% | $ | 2,958 | — | ||||||||||||||
$ | 25.83 | 23.52 | % | 4.73 | % | 2.78 | % | (2.43 | )% | $ | 31 | — | ||||||||||||||
$ | 20.93 | (41.89 | )% | 6.39 | % | 2.78 | % | (2.77 | )% | $ | 31 | — | ||||||||||||||
$ | 35.98 | (48.10 | )% | 3.90 | % | 2.78 | % | (1.60 | )% | $ | 62 | — | ||||||||||||||
$ | 69.37 | 1.82 | % | 3.70 | % | 2.78 | % | (0.57 | )% | $ | 98 | — | ||||||||||||||
$ | 68.11 | (16.11 | )% | 3.35 | % | 2.78 | % | (1.40 | )% | $ | 108 | — |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). |
(c) | The amount shown for a share outstanding throughout the period does not accord with the change in aggregate gains and losses in the portfolio of securities during the period because of the timing of sales and purchases of fund shares in relation to fluctuating market values during the period. |
(d) | As described in Note 9, share amounts have been adjusted for 1:4 reverse share split that occurred on December 14, 2020. |
See accompanying notes to the financial statements.
Financial Highlights :: 323
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Total Distributions | |||||||||||||||||||
UltraShort International ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 22.38 | (0.34 | ) | 4.48 | (c) | 4.14 | — | — | |||||||||||||||
Year Ended July 31, 2021(d) | $ | 42.06 | (0.51 | ) | (19.17 | ) | (19.68 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020(d) | $ | 54.21 | (0.48 | ) | (11.27 | ) | (11.75 | ) | (0.40 | ) | (0.40 | ) | ||||||||||||
Year Ended July 31, 2019(d) | $ | 51.63 | 0.28 | 2.30 | (d) | 2.58 | — | — | ||||||||||||||||
Year Ended July 31, 2018(d) | $ | 59.47 | (0.28 | ) | (7.56 | ) | (7.84 | ) | — | — | ||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 20.04 | (0.57 | ) | 4.04 | (c) | 3.47 | — | — | |||||||||||||||
Year Ended July 31, 2021(d) | $ | 38.07 | (0.78 | ) | (17.25 | ) | (18.03 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020(d) | $ | 49.12 | (0.96 | ) | (10.09 | ) | (11.05 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019(d) | $ | 47.26 | (0.24 | ) | 2.10 | (d) | 1.86 | — | — | |||||||||||||||
Year Ended July 31, 2018(d) | $ | 54.95 | (0.76 | ) | (6.93 | ) | (7.69 | ) | — | — | ||||||||||||||
UltraShort Japan ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 12.53 | (0.18 | ) | (2.17 | ) | (2.35 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021 | $ | 22.23 | (0.26 | ) | (9.44 | ) | (9.70 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020 | $ | 32.34 | (0.18 | ) | (9.93 | ) | (10.11 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019 | $ | 32.76 | 0.06 | (0.48 | ) | (0.42 | ) | — | — | |||||||||||||||
Year Ended July 31, 2018(e) | $ | 47.18 | (0.23 | ) | (14.19 | ) | (14.42 | ) | — | — | ||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 11.16 | (0.28 | ) | (1.92 | ) | (2.20 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021 | $ | 19.96 | (0.37 | ) | (8.43 | ) | (8.80 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020 | $ | 29.45 | (0.44 | ) | (9.05 | ) | (9.49 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019 | $ | 30.00 | (0.23 | ) | (0.32 | ) | (0.55 | ) | — | — | ||||||||||||||
Year Ended July 31, 2018(e) | $ | 43.73 | (0.61 | ) | (13.12 | ) | (13.73 | ) | — | — |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 26.52 | 18.50 | % | 2.60 | % | 1.78 | % | (1.41 | )% | $ | 2,640 | — | ||||||||||||||
$ | 22.38 | (46.82 | )% | 3.13 | % | 1.78 | % | (1.77 | )% | $ | 1,631 | — | ||||||||||||||
$ | 42.06 | (21.67 | )% | 2.83 | % | 1.78 | % | (0.95 | )% | $ | 2,445 | — | ||||||||||||||
$ | 54.21 | 4.96 | % | 2.43 | % | 1.78 | % | 0.50 | % | $ | 2,156 | — | ||||||||||||||
$ | 51.63 | (13.18 | )% | 2.53 | % | 1.84 | % | (0.51 | )% | $ | 2,120 | — | ||||||||||||||
$ | 23.51 | 17.30 | % | 3.60 | % | 2.78 | % | (2.41 | )% | $ | 6 | — | ||||||||||||||
$ | 20.04 | (47.32 | )% | 4.14 | % | 2.79 | % | (2.78 | )% | $ | 5 | — | ||||||||||||||
$ | 38.07 | (22.48 | )% | 3.83 | % | 2.78 | % | (1.95 | )% | $ | 10 | — | ||||||||||||||
$ | 49.12 | 3.89 | % | 3.42 | % | 2.77 | % | (0.49 | )% | $ | 14 | — | ||||||||||||||
$ | 47.26 | (13.97 | )% | 3.52 | % | 2.83 | % | (1.50 | )% | $ | 29 | — | ||||||||||||||
$ | 10.18 | (18.75 | )% | 10.76 | % | 1.78 | % | (1.54 | )% | $ | 199 | — | ||||||||||||||
$ | 12.53 | (43.63 | )% | 8.91 | % | 1.78 | % | (1.77 | )% | $ | 233 | — | ||||||||||||||
$ | 22.23 | (31.26 | )% | 4.87 | % | 1.78 | % | (0.64 | )% | $ | 842 | — | ||||||||||||||
$ | 32.34 | (1.28 | )% | 5.49 | % | 1.78 | % | 0.18 | % | $ | 1,010 | — | ||||||||||||||
$ | 32.76 | (30.59 | )% | 3.66 | % | 1.78 | % | (0.60 | )% | $ | 709 | — | ||||||||||||||
$ | 8.96 | (19.71 | )% | 11.76 | % | 2.78 | % | (2.54 | )% | $ | 1 | — | ||||||||||||||
$ | 11.16 | (44.23 | )% | 9.91 | % | 2.78 | % | (2.77 | )% | $ | 29 | — | ||||||||||||||
$ | 19.96 | (31.87 | )% | 5.87 | % | 2.78 | % | (1.64 | )% | $ | 2 | — | ||||||||||||||
$ | 29.45 | (2.26 | )% | 6.49 | % | 2.78 | % | (0.82 | )% | $ | 4 | — | ||||||||||||||
$ | 30.00 | (31.31 | )% | 4.66 | % | 2.78 | % | (1.60 | )% | $ | 5 | — |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). |
(c) | The amount shown for a share outstanding throughout the period does not accord with the change in aggregate gains and losses in the portfolio of securities during the period because of the timing of sales and purchases of fund shares in relation to fluctuating market values during the period. |
(d) | As described in Note 9, share amounts have been adjusted for 1:4 reverse share split that occurred on December 14, 2020. |
(e) | As described in Note 9, share amounts have been adjusted for 1:5 reverse share split that occurred on January 22, 2018. |
See accompanying notes to the financial statements.
324 :: Financial Highlights
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Total Distributions | |||||||||||||||||||
UltraShort Latin America ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 10.27 | (0.15 | ) | (0.94 | ) | (1.09 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021 | $ | 27.67 | (0.32 | ) | (17.08 | ) | (17.40 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020 | $ | 27.71 | (0.30 | ) | 0.35 | 0.05 | (0.09 | ) | (0.09 | ) | ||||||||||||||
Year Ended July 31, 2019 | $ | 35.01 | 0.16 | (7.46 | ) | (7.30 | ) | — | — | |||||||||||||||
Year Ended July 31, 2018(c) | $ | 40.03 | (0.21 | ) | (4.81 | ) | (5.02 | ) | — | — | ||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 9.00 | (0.25 | ) | (0.78 | ) | (1.03 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021 | $ | 24.48 | (0.47 | ) | (15.01 | ) | (15.48 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020 | $ | 24.69 | (0.69 | ) | 0.48 | (0.21 | ) | — | — | |||||||||||||||
Year Ended July 31, 2019 | $ | 31.51 | (0.12 | ) | (6.70 | ) | (6.82 | ) | — | — | ||||||||||||||
Year Ended July 31, 2018(c) | $ | 36.45 | (0.55 | ) | (4.39 | ) | (4.94 | ) | — | — | ||||||||||||||
UltraShort Mid-Cap ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 5.36 | (0.08 | ) | (0.16 | ) | (0.24 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021 | $ | 13.16 | (0.14 | ) | (7.66 | ) | (7.80 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020 | $ | 19.82 | (0.20 | ) | (6.38 | ) | (6.58 | ) | (0.08 | ) | (0.08 | ) | ||||||||||||
Year Ended July 31, 2019 | $ | 20.73 | 0.11 | (1.02 | ) | (0.91 | ) | — | — | |||||||||||||||
Year Ended July 31, 2018 | $ | 27.77 | (0.11 | ) | (6.93 | ) | (7.04 | ) | — | — | ||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 4.73 | (0.13 | ) | (0.12 | ) | (0.25 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021 | $ | 11.71 | (0.21 | ) | (6.77 | ) | (6.98 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020 | $ | 17.72 | (0.37 | ) | (5.64 | ) | (6.01 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019 | $ | 18.73 | (0.08 | ) | (0.93 | ) | (1.01 | ) | — | — | ||||||||||||||
Year Ended July 31, 2018 | $ | 25.30 | (0.32 | ) | (6.25 | ) | (6.57 | ) | — | — |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 9.18 | (10.61 | )% | 4.14 | % | 1.78 | % | (1.48 | )% | $ | 1,796 | — | ||||||||||||||
$ | 10.27 | (62.88 | )% | 3.28 | % | 1.78 | % | (1.77 | )% | $ | 804 | — | ||||||||||||||
$ | 27.67 | 0.22 | % | 2.31 | % | 1.78 | % | (0.87 | )% | $ | 3,138 | — | ||||||||||||||
$ | 27.71 | (20.85 | )% | 2.42 | % | 1.78 | % | 0.53 | % | $ | 4,681 | — | ||||||||||||||
$ | 35.01 | (12.58 | )% | 2.05 | % | 1.78 | % | (0.60 | )% | $ | 3,711 | — | ||||||||||||||
$ | 7.97 | (11.44 | )% | 5.14 | % | 2.78 | % | (2.48 | )% | $ | 8 | — | ||||||||||||||
$ | 9.00 | (63.24 | )% | 4.28 | % | 2.78 | % | (2.77 | )% | $ | 9 | — | ||||||||||||||
$ | 24.48 | (0.85 | )% | 3.31 | % | 2.78 | % | (1.87 | )% | $ | 35 | — | ||||||||||||||
$ | 24.69 | (21.67 | )% | 3.42 | % | 2.78 | % | (0.47 | )% | $ | 61 | — | ||||||||||||||
$ | 31.51 | (13.53 | )% | 3.05 | % | 2.78 | % | (1.60 | )% | $ | 74 | — | ||||||||||||||
$ | 5.12 | (4.48 | )% | 3.56 | % | 1.78 | % | (1.50 | )% | $ | 1,424 | — | ||||||||||||||
$ | 5.36 | (59.27 | )% | 3.22 | % | 1.78 | % | (1.77 | )% | $ | 1,443 | — | ||||||||||||||
$ | 13.16 | (33.28 | )% | 2.94 | % | 1.78 | % | (1.04 | )% | $ | 2,728 | — | ||||||||||||||
$ | 19.82 | (4.39 | )% | 3.04 | % | 1.78 | % | 0.50 | % | $ | 1,475 | — | ||||||||||||||
$ | 20.73 | (25.35 | )% | 3.12 | % | 1.78 | % | (0.45 | )% | $ | 1,067 | — | ||||||||||||||
$ | 4.48 | (5.29 | )% | 4.56 | % | 2.78 | % | (2.50 | )% | $ | 53 | — | ||||||||||||||
$ | 4.73 | (59.61 | )% | 4.22 | % | 2.78 | % | (2.77 | )% | $ | 20 | — | ||||||||||||||
$ | 11.71 | (33.92 | )% | 3.94 | % | 2.78 | % | (2.04 | )% | $ | 21 | — | ||||||||||||||
$ | 17.72 | (5.39 | )% | 4.04 | % | 2.78 | % | (0.50 | )% | $ | 16 | — | ||||||||||||||
$ | 18.73 | (26.00 | )% | 4.12 | % | 2.78 | % | (1.45 | )% | $ | 11 | — |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). |
(c) | As described in Note 9, share amounts have been adjusted for 1:5 reverse share split that occurred on January 22, 2018. |
See accompanying notes to the financial statements.
Financial Highlights :: 325
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Total Distributions | |||||||||||||||||||
UltraShort Nasdaq-100 ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 15.70 | (0.18 | ) | 0.28 | (c) | 0.10 | — | — | |||||||||||||||
Year Ended July 31, 2021(d) | $ | 35.80 | (0.41 | ) | (19.67 | )(c) | (20.08 | ) | (0.02 | ) | (0.02 | ) | ||||||||||||
Year Ended July 31, 2020(d) | $ | 101.55 | (0.56 | ) | (64.87 | ) | (65.43 | ) | (0.32 | ) | (0.32 | ) | ||||||||||||
Year Ended July 31, 2019(d) | $ | 130.89 | 0.64 | (29.98 | ) | (29.34 | ) | — | — | |||||||||||||||
Year Ended July 31, 2018(d) | $ | 213.53 | (0.72 | ) | (81.92 | ) | (82.64 | ) | — | — | ||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 14.85 | (0.32 | ) | 0.26 | (c) | (0.06 | ) | — | — | ||||||||||||||
Year Ended July 31, 2021(d) | $ | 34.20 | (0.64 | ) | (18.71 | )(c) | (19.35 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020(d) | $ | 97.63 | (1.28 | ) | (62.15 | ) | (63.43 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019(d) | $ | 126.93 | (0.48 | ) | (28.82 | ) | (29.30 | ) | — | — | ||||||||||||||
Year Ended July 31, 2018(d) | $ | 208.94 | (2.24 | ) | (79.77 | ) | (82.01 | ) | — | — | ||||||||||||||
UltraShort Small-Cap ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 7.27 | (0.11 | ) | 0.90 | 0.79 | — | — | ||||||||||||||||
Year Ended July 31, 2021 | $ | 20.12 | (0.18 | ) | (12.67 | ) | (12.85 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020 | $ | 30.78 | (0.30 | ) | (10.28 | ) | (10.58 | ) | (0.08 | ) | (0.08 | ) | ||||||||||||
Year Ended July 31, 2019 | $ | 29.84 | 0.16 | 0.78 | 0.94 | — | — | |||||||||||||||||
Year Ended July 31, 2018(e) | $ | 43.84 | (0.10 | ) | (13.90 | ) | (14.00 | ) | — | — | ||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 6.71 | (0.18 | ) | 0.83 | 0.65 | — | — | ||||||||||||||||
Year Ended July 31, 2021 | $ | 18.74 | (0.28 | ) | (11.75 | ) | (12.03 | ) | — | — | ||||||||||||||
Year Ended July 31, 2020 | $ | 28.86 | (0.57 | ) | (9.55 | ) | (10.12 | ) | — | — | ||||||||||||||
Year Ended July 31, 2019 | $ | 28.27 | (0.16 | ) | 0.75 | 0.59 | — | — | ||||||||||||||||
Year Ended July 31, 2018(e) | $ | 41.92 | (0.45 | ) | (13.20 | ) | (13.65 | ) | — | — |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 15.80 | 0.64 | % | 1.68 | % | 1.68 | % | (1.09 | )% | $ | 100,824 | — | ||||||||||||||
$ | 15.70 | (55.87 | )% | 1.78 | % | 1.78 | % | (1.76 | )% | $ | 9,281 | — | ||||||||||||||
$ | 35.80 | (64.81 | )% | 1.82 | % | 1.82 | % | (0.84 | )% | $ | 9,454 | — | ||||||||||||||
$ | 101.55 | (22.43 | )% | 1.77 | % | 1.77 | % | 0.51 | % | $ | 14,948 | — | ||||||||||||||
$ | 130.89 | (38.70 | )% | 1.76 | % | 1.76 | % | (0.44 | )% | $ | 12,427 | — | ||||||||||||||
$ | 14.79 | (0.40 | )% | 2.68 | % | 2.68 | % | (2.09 | )% | $ | 168 | — | ||||||||||||||
$ | 14.85 | (56.43 | )% | 2.78 | % | 2.78 | % | (2.76 | )% | $ | 184 | — | ||||||||||||||
$ | 34.20 | (65.08 | )% | 2.82 | % | 2.82 | % | (1.84 | )% | $ | 174 | — | ||||||||||||||
$ | 97.63 | (23.13 | )% | 2.77 | % | 2.77 | % | (0.49 | )% | $ | 516 | — | ||||||||||||||
$ | 126.93 | (39.24 | )% | 2.76 | % | 2.76 | % | (1.44 | )% | $ | 91 | — | ||||||||||||||
$ | 8.06 | 10.87 | % | 2.32 | % | 1.78 | % | (1.46 | )% | $ | 4,194 | — | ||||||||||||||
$ | 7.27 | (63.87 | )% | 2.10 | % | 1.78 | % | (1.77 | )% | $ | 8,081 | — | ||||||||||||||
$ | 20.12 | (34.44 | )% | 2.16 | % | 1.78 | % | (1.04 | )% | $ | 7,746 | — | ||||||||||||||
$ | 30.78 | 3.22 | % | 3.14 | % | 1.78 | % | 0.50 | % | $ | 4,541 | — | ||||||||||||||
$ | 29.84 | (31.98 | )% | 2.03 | % | 1.76 | % | (0.29 | )% | $ | 4,058 | — | ||||||||||||||
$ | 7.36 | 9.69 | % | 3.32 | % | 2.78 | % | (2.46 | )% | $ | 159 | — | ||||||||||||||
$ | 6.71 | (64.19 | )% | 3.10 | % | 2.78 | % | (2.77 | )% | $ | 508 | — | ||||||||||||||
$ | 18.74 | (35.07 | )% | 3.16 | % | 2.78 | % | (2.04 | )% | $ | 174 | — | ||||||||||||||
$ | 28.86 | 2.16 | % | 4.14 | % | 2.78 | % | (0.50 | )% | $ | 158 | — | ||||||||||||||
$ | 28.27 | (32.61 | )% | 3.03 | % | 2.76 | % | (1.29 | )% | $ | 111 | — |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). |
(c) | The amount shown for a share outstanding throughout the period does not accord with the change in aggregate gains and losses in the portfolio of securities during the period because of the timing of sales and purchases of fund shares in relation to fluctuating market values during the period. |
(d) | As described in Note 9, share amounts have been adjusted for 1:8 reverse share split that occurred on December 14, 2020. |
(e) | As described in Note 9, share amounts have been adjusted for 1:4 reverse share split that occurred on January 22, 2018. |
See accompanying notes to the financial statements.
326 :: Financial Highlights
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Net Realized Gains on Investments | Total Distributions | ||||||||||||||||||||||
UltraSmall-Cap ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 89.55 | (0.55 | ) | (28.92 | ) | (29.47 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2021 | $ | 41.81 | (0.81 | ) | 48.55 | 47.74 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 57.95 | (0.25 | ) | (15.89 | ) | (16.14 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2019 | $ | 68.79 | 0.13 | (10.91 | ) | (10.78 | ) | (0.05 | ) | (0.01 | ) | (0.06 | ) | |||||||||||||||
Year Ended July 31, 2018 | $ | 52.24 | (0.16 | ) | 17.14 | 16.98 | — | (0.43 | ) | (0.43 | ) | |||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 72.53 | (1.19 | ) | (23.16 | ) | (24.35 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2021 | $ | 34.20 | (1.46 | ) | 39.79 | 38.33 | — | — | — | |||||||||||||||||||
Year Ended July 31, 2020 | $ | 47.88 | (0.64 | ) | (13.04 | ) | (13.68 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2019 | $ | 57.34 | (0.35 | ) | (9.10 | ) | (9.45 | ) | — | (0.01 | ) | (0.01 | ) | |||||||||||||||
Year Ended July 31, 2018 | $ | 44.08 | (0.63 | ) | 14.32 | 13.69 | — | (0.43 | ) | (0.43 | ) | |||||||||||||||||
U.S. Government Plus ProFund | ||||||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 69.24 | (0.77 | ) | (17.75 | ) | (18.52 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2021 | $ | 85.98 | (0.83 | ) | (15.91 | ) | (16.74 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2020 | $ | 60.08 | 0.06 | 26.01 | 26.07 | (0.17 | ) | — | (0.17 | ) | ||||||||||||||||||
Year Ended July 31, 2019 | $ | 52.14 | 0.61 | 7.94 | 8.55 | (0.61 | ) | — | (0.61 | ) | ||||||||||||||||||
Year Ended July 31, 2018 | $ | 53.83 | 0.20 | (1.78 | ) | (1.58 | ) | (0.11 | ) | — | (0.11 | ) | ||||||||||||||||
Service Class | ||||||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 62.71 | (1.36 | ) | (15.87 | ) | (17.23 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2021 | $ | 78.67 | (1.50 | ) | (14.46 | ) | (15.96 | ) | — | — | — | |||||||||||||||||
Year Ended July 31, 2020 | $ | 55.37 | (0.62 | ) | 23.92 | 23.30 | — | (d) | — | — | (d) | |||||||||||||||||
Year Ended July 31, 2019 | $ | 48.09 | 0.12 | 7.24 | 7.36 | (0.08 | ) | — | (0.08 | ) | ||||||||||||||||||
Year Ended July 31, 2018 | $ | 50.07 | (0.29 | ) | (1.68 | ) | (1.97 | ) | (0.01 | ) | — | (0.01 | ) |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 60.08 | (32.91 | )% | 1.60 | % | 1.60 | % | (0.72 | )% | $ | 52,577 | 46 | % | |||||||||||||
$ | 89.55 | 114.21 | % | 1.62 | % | 1.62 | % | (1.04 | )% | $ | 100,147 | 27 | % | |||||||||||||
$ | 41.81 | (27.85 | )% | 1.80 | % | 1.80 | % | (0.52 | )% | $ | 33,767 | 143 | % | |||||||||||||
$ | 57.95 | (15.64 | )% | 1.60 | % | 1.60 | % | 0.23 | % | $ | 62,102 | 77 | % | |||||||||||||
$ | 68.79 | 32.65 | % | 1.49 | % | 1.49 | % | (0.26 | )% | $ | 68,965 | 29 | % | |||||||||||||
$ | 48.18 | (33.56 | )% | 2.60 | % | 2.60 | % | (1.72 | )% | $ | 235 | 46 | % | |||||||||||||
$ | 72.53 | 112.08 | % | 2.62 | % | 2.62 | % | (2.04 | )% | $ | 994 | 27 | % | |||||||||||||
$ | 34.20 | (28.57 | )% | 2.80 | % | 2.80 | % | (1.52 | )% | $ | 263 | 143 | % | |||||||||||||
$ | 47.88 | (16.47 | )% | 2.60 | % | 2.60 | % | (0.77 | )% | $ | 460 | 77 | % | |||||||||||||
$ | 57.34 | 31.20 | % | 2.49 | % | 2.49 | % | (1.26 | )% | $ | 1,847 | 29 | % | |||||||||||||
$ | 50.72 | (26.76 | )% | 1.41 | % | 1.41 | % | (1.24 | )% | $ | 8,264 | — | (c) | |||||||||||||
$ | 69.24 | (19.47 | )% | 1.51 | % | 1.51 | % | (1.17 | )% | $ | 24,182 | 99 | % | |||||||||||||
$ | 85.98 | 43.48 | % | 1.40 | % | 1.40 | % | 0.09 | % | $ | 21,927 | 392 | % | |||||||||||||
$ | 60.08 | 16.53 | % | 1.34 | % | 1.34 | % | 1.14 | % | $ | 23,791 | 503 | % | |||||||||||||
$ | 52.14 | (2.95 | )% | 1.35 | % | 1.35 | % | 0.38 | % | $ | 14,497 | 714 | % | |||||||||||||
$ | 45.48 | (27.49 | )% | 2.41 | % | 2.41 | % | (2.24 | )% | $ | 587 | — | (c) | |||||||||||||
$ | 62.71 | (20.29 | )% | 2.51 | % | 2.51 | % | (2.17 | )% | $ | 1,839 | 99 | % | |||||||||||||
$ | 78.67 | 42.11 | % | 2.40 | % | 2.40 | % | (0.91 | )% | $ | 2,385 | 392 | % | |||||||||||||
$ | 55.37 | 15.31 | % | 2.34 | % | 2.34 | % | 0.14 | % | $ | 2,605 | 503 | % | |||||||||||||
$ | 48.09 | (3.94 | )% | 2.35 | % | 2.35 | % | (0.62 | )% | $ | 4,374 | 714 | % |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | The portfolio turnover rate significantly decreased due to there being no sales or purchases of U.S Treasury Obligations during the year. |
(d) | Amount is less than $0.005. |
See accompanying notes to the financial statements.
Financial Highlights :: 327
ProFunds Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | Distributions to Shareholders From | |||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Investment Income | Total Distributions | |||||||||||||||||||
Utilities UltraSector ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 58.73 | 0.28 | 11.29 | 11.57 | (0.13 | ) | (0.13 | ) | |||||||||||||||
Year Ended July 31, 2021 | $ | 51.44 | 0.09 | 7.52 | 7.61 | (0.32 | )(d) | (0.32 | ) | |||||||||||||||
Year Ended July 31, 2020 | $ | 54.09 | 0.55 | (2.16 | ) | (1.61 | ) | (1.04 | ) | (1.04 | ) | |||||||||||||
Year Ended July 31, 2019 | $ | 45.64 | 0.71 | 8.04 | 8.75 | (0.30 | ) | (0.30 | ) | |||||||||||||||
Year Ended July 31, 2018 | $ | 45.01 | 0.48 | 0.48 | 0.96 | (0.33 | ) | (0.33 | ) | |||||||||||||||
Service Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 54.53 | (0.32 | ) | 10.43 | 10.11 | — | — | ||||||||||||||||
Year Ended July 31, 2021 | $ | 47.93 | (0.39 | ) | 6.99 | 6.60 | — | — | ||||||||||||||||
Year Ended July 31, 2020 | $ | 50.80 | 0.06 | (2.01 | ) | (1.95 | ) | (0.92 | ) | (0.92 | ) | |||||||||||||
Year Ended July 31, 2019 | $ | 42.98 | 0.26 | 7.56 | 7.82 | — | — | |||||||||||||||||
Year Ended July 31, 2018 | $ | 42.79 | 0.07 | 0.41 | 0.48 | (0.29 | ) | (0.29 | ) |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||
Net Asset Value, End of Period | Total Return | Gross Expenses | Net Expenses | Net Investment Income (Loss) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(b) | ||||||||||||||||||||
$ | 70.17 | 19.73 | %(c) | 1.73 | % | 1.73 | % | 0.44 | % | $ | 12,518 | 113 | % | |||||||||||||
$ | 58.73 | 14.85 | % | 2.06 | % | 2.02 | %(e) | 0.17 | % | $ | 8,418 | 95 | % | |||||||||||||
$ | 51.44 | (3.25 | )% | 1.73 | % | 1.73 | % | 0.95 | % | $ | 8,717 | 368 | % | |||||||||||||
$ | 54.09 | 19.30 | % | 1.72 | % | 1.72 | % | 1.41 | % | $ | 31,558 | 406 | % | |||||||||||||
$ | 45.64 | 2.15 | % | 1.69 | % | 1.69 | % | 1.07 | % | $ | 8,208 | 314 | % | |||||||||||||
$ | 64.64 | 18.54 | %(c) | 2.73 | % | 2.73 | % | (0.56 | )% | $ | 1,069 | 113 | % | |||||||||||||
$ | 54.53 | 13.77 | % | 3.01 | % | 2.97 | %(e) | (0.78 | )% | $ | 368 | 95 | % | |||||||||||||
$ | 47.93 | (4.09 | )% | 2.65 | % | 2.65 | % | 0.03 | % | $ | 348 | 368 | % | |||||||||||||
$ | 50.80 | 18.19 | % | 2.67 | % | 2.67 | % | 0.46 | % | $ | 1,265 | 406 | % | |||||||||||||
$ | 42.98 | 1.14 | % | 2.67 | % | 2.67 | % | 0.09 | % | $ | 635 | 314 | % |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). The portfolio turnover rate can be high and volatile due to the amount and timing of sales and purchases of fund shares during the period. Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between classes of shares issued. |
(c) | During the year ended July 31, 2022, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.16%. |
(d) | Subsequent to the issuance of the July 31, 2021 financial statements, $0.10 of the distribution was determined to be a return of capital. |
(e) | The expense ratio does not correlate to the applicable expense limits in place during the period given that the annual contractual expense limitation is applied for one year periods ended November 30th of each year, instead of coinciding with the July 31st year end. Details of the current expense limitation in effect can be found in Note 4 of the accompanying Notes to Financial Statements. |
See accompanying notes to the financial statements.
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Consolidated Financial Highlights
330 :: Consolidated Financial Highlights
ProFunds Consolidated Financial Highlights FOR THE PERIODS INDICATED
Selected data for a share of beneficial interest outstanding throughout the periods indicated.
Investment Activities | ||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(a) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Investment Activities | Net Asset Value, End of Period | Total Return(b) | |||||||||||||||||||
Bitcoin Strategy ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Year Ended July 31, 2022 | $ | 24.70 | (0.27 | ) | (10.44 | ) | (10.71 | ) | $ | 13.99 | (43.36 | )% | ||||||||||||
July 28, 2021 through July 31, 2021(f) | $ | 25.00 | — | (g) | (0.30 | ) | (0.30 | ) | $ | 24.70 | (1.20 | )% | ||||||||||||
Short Bitcoin Strategy ProFund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
June 21, 2022 through July 31, 2022(f) | $ | 25.00 | (0.04 | ) | (4.31 | ) | (4.35 | ) | $ | 20.65 | (17.40 | )% |
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||
Gross Expenses(c) | Net Expenses(c) | Net Investment Income (Loss)(c) | Net Assets, End of Period (000's) | Portfolio Turnover Rate(d) | ||||||||||||||
1.93 | %(e) | 1.25 | %(e) | (1.17 | )% | $ | 23,548 | — | ||||||||||
24.80 | %(e) | 1.30 | %(e) | (1.28 | )% | $ | 524 | — | ||||||||||
17.68 | %(h) | 1.88 | %(h)(i) | (1.39 | )% | $ | 405 | — |
(a) | Per share net investment income (loss) has been calculated using the average daily shares method. |
(b) | Not annualized for periods less than one year. |
(c) | Annualized for periods less than one year. |
(d) | Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including swap agreements and futures contracts). |
(e) | The expense ratios reflect all interest expense and other costs related to reverse repurchase agreements and trading of Bitcoin futures contracts. Excluding interest expense and these other costs, the net expense ratio would have been 0.84%. |
(f) | Period from commencement of operations. |
(g) | Amount is less than $0.005. |
(h) | The expense ratios reflect all interest expense and other costs related to reverse repurchase agreements and trading of Bitcoin futures contracts. Excluding interest expense and these other costs, the net expense ratio would have been 1.26%. |
(i) | For the period June 21, 2022 through July 31, 2022, the Advisor voluntarily waived fees and expenses to limit the expense ratio (excluding interest expense and certain other costs) to 1.26%. |
See accompanying notes to the financial statements.
Notes to Financial Statements
332 :: Notes to Financial Statements :: July 31, 2022
1. Organization
ProFunds (the "Trust") consists of 117 separate investment portfolios and is registered as an open-end management investment company under the Investment Company Act of 1940 (the "1940 Act") and thus follows accounting and reporting guidance for investment companies. The Trust is organized as a Delaware statutory trust and is authorized to issue an unlimited number of shares of beneficial interest of no par value which may be issued in more than one class or series.
These accompanying financial statements relate to the following portfolios of the Trust included in this report (collectively, the "ProFunds" and individually, a "ProFund"):
Classic ProFunds:
Bull ProFund
Europe 30 ProFund
Large-Cap Growth ProFund
Large-Cap Value ProFund
Mid-Cap Growth ProFund
Mid-Cap ProFund
Mid-Cap Value ProFund
Nasdaq-100 ProFund
Small-Cap Growth ProFund
Small-Cap ProFund
Small-Cap Value ProFund
Ultra ProFunds:
UltraBull ProFund
UltraChina ProFund
UltraDow 30 ProFund
UltraEmerging Markets ProFund
UltraInternational ProFund
UltraJapan ProFund
UltraLatin America ProFund
UltraMid-Cap ProFund
UltraNasdaq-100 ProFund
UltraSmall-Cap ProFund
Inverse ProFunds:
Bear ProFund
Short Nasdaq-100 ProFund
Short Small-Cap ProFund
UltraBear ProFund
UltraShort China ProFund
UltraShort Dow 30 ProFund
UltraShort Emerging Markets ProFund
UltraShort International ProFund
UltraShort Japan ProFund
UltraShort Latin America ProFund
UltraShort Mid-Cap ProFund
UltraShort Nasdaq-100 ProFund
UltraShort Small-Cap ProFund
UltraSector ProFunds:
Banks UltraSector ProFund
Basic Materials UltraSector ProFund
Biotechnology UltraSector ProFund
Communication Services UltraSector ProFund
Consumer Goods UltraSector ProFund
Consumer Services UltraSector ProFund
Financials UltraSector ProFund
Health Care UltraSector ProFund
Industrials UltraSector ProFund
Internet UltraSector ProFund
Oil & Gas UltraSector ProFund
Oil Equipment & Services UltraSector ProFund
Pharmaceuticals UltraSector ProFund
Precious Metals UltraSector ProFund
Real Estate UltraSector ProFund
Semiconductor UltraSector ProFund
Technology UltraSector ProFund
Telecommunications UltraSector ProFund
Utilities UltraSector ProFund
Inverse Sector ProFunds:
Short Oil & Gas ProFund
Short Precious Metals ProFund
Short Real Estate ProFund
Digital Assets ProFunds:
Bitcoin Strategy ProFund |
Short Bitcoin Strategy ProFund |
Non-Equity ProFunds:
Access Flex Bear High Yield ProFund
Access Flex High Yield ProFund
Falling U.S. Dollar ProFund
Rising Rates Opportunity ProFund
Rising Rates Opportunity 10 ProFund
Rising U.S. Dollar ProFund
U.S. Government Plus ProFund
July 31, 2022 :: Notes to Financial Statements :: 333
Each ProFund, other than Europe 30 ProFund, Large-Cap Growth ProFund, Large-Cap Value ProFund, Mid-Cap Growth ProFund, Mid-Cap Value ProFund, Small-Cap Growth ProFund, and Small-Cap Value ProFund is classified as non-diversified under the 1940 Act. Each ProFund, with the exception of Bitcoin Strategy ProFund and Short Bitcoin Strategy ProFund, has two classes of shares outstanding: an Investor Class and a Service Class. The Bitcoin Strategy ProFund and Short Bitcoin Strategy ProFund each has one class: an Investor Class.
The Large-Cap Growth ProFund may operate as "non-diversified", as defined under the 1940 Act, to the extent necessary to approximate the composition of its index.
Each class of shares has identical rights and privileges except with respect to fees paid under the Distribution and Shareholder Services Plan and voting rights on matters affecting a single class of shares.
Under the Trust's organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust. In addition, in the normal course of business, the Trust enters into contracts with its vendors and others that provide for general indemnifications. The Trust and ProFunds' maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the ProFunds.
2. Significant Accounting Policies
The following is a summary of significant accounting policies followed by each ProFund in the preparation of its financial statements. These policies are in conformity with U.S. generally accepted accounting principles ("GAAP"). The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. The actual results could differ from those estimates.
Basis of Consolidation
The accompanying Consolidated Schedules of Portfolio Investments, Consolidated Statements of Assets and Liabilities, Consolidated Statements of Operations, Consolidated Statements of Changes in Net Assets, Consolidated Statements of Cash Flows, and Consolidated Financial Highlights of Bitcoin Strategy ProFund and Short Bitcoin Strategy ProFund include the accounts of the ProFunds Bitcoin Strategy Portfolio and ProFunds Short Bitcoin Strategy Portfolio, respectively (each a "Subsidiary"). Each Subsidiary is a wholly-owned subsidiary of the Bitcoin Strategy ProFund and Short Bitcoin Strategy ProFund, respectively, organized under the laws of the Cayman Islands, and primarily invests in Bitcoin related instruments. Each Subsidiary enables the respective ProFund to hold these Bitcoin-related instruments and satisfy "regulated investment company" ("RIC") tax requirements. Each of the Digital Assets ProFunds will invest a significant portion of its' total assets in its respective Subsidiary. As of July 31, 2022, the net assets of ProFund Bitcoin Strategy Portfolio were 18.3% of the adjusted net assets of Bitcoin Strategy ProFund and the net assets of ProFunds Short Bitcoin Strategy Portfolio were 19.0% of the adjusted net assets of Short Bitcoin Strategy ProFund (as adjusted for reverse repurchase agreements). Intercompany accounts and transactions, if any, have been eliminated. Each Subsidiary is subject to the same investment policies and restrictions that apply to Bitcoin Strategy ProFund and Short Bitcoin Strategy ProFund, respectively, except that each Subsidiary may invest without limitation in Bitcoin-related instruments.
Investment in a Subsidiary
The Bitcoin Strategy ProFund and Short Bitcoin Strategy ProFund intend to achieve commodity exposure through investment in their respective Subsidiary. The Bitcoin Strategy ProFund and Short Bitcoin Strategy ProFund's investment in its Subsidiary is intended to provide each ProFund with exposure to commodity and financial markets in accordance with applicable rules and regulations. The Subsidiaries may invest in derivatives, including futures, forwards, options and other investments intended to serve as margin or collateral or otherwise support the Subsidiary's derivatives positions. The Subsidiaries are not registered under the 1940 Act, and will not have all of the protections offered to investors in RICs. The Board, however, has oversight responsibility for the investment activities of the ProFunds, including its investment in its respective Subsidiary, and each ProFund's role as the sole shareholder of its respective Subsidiary. Changes in the laws of the United States and/or the Cayman Islands, under which the ProFunds and the Subsidiaries are organized, respectively, could result in the inability of the ProFunds and/or its Subsidiary to operate as described in the ProFunds Statement of Additional Information and could negatively affect the ProFunds and its' shareholders. For example, the Cayman Islands does not currently impose any income, corporate or capital gains tax, estate duty, inheritance tax, gift tax or withholding tax on a Subsidiary. If Cayman Islands law changes such that a Subsidiary must pay Cayman Islands taxes, ProFunds shareholders would likely suffer decreased investment returns. In this report, the financial statements of each Subsidiary have been consolidated with the financial statements of the respective ProFund by which it is wholly-owned.
Investment Valuation
The ProFunds record their investments at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The valuation techniques used to determine fair value are further described in Note 3.
Repurchase Agreements
Each ProFund may enter into repurchase agreements with financial institutions in pursuit of its investment objective, as "cover" for the investment techniques it employs, or for liquidity purposes. Repurchase agreements are primarily used by the ProFunds as short-term investments for cash positions. Under a repurchase agreement, a ProFund purchases a debt security and simultaneously agrees to sell the security back to the seller at a mutually agreed-upon future price and date, normally one business day. The resale price is typically greater than the purchase price, reflecting an agreed-upon market interest rate during the purchaser's holding period. While the maturities of the underlying securities in repurchase transactions may be more than one year, the term of each repurchase agreement will always be less than one year.
334 :: Notes to Financial Statements :: July 31, 2022
The ProFunds follow certain procedures designed to minimize the risks inherent in such agreements. These procedures include effecting repurchase transactions generally with major, global financial institutions whose creditworthiness is continuously monitored by ProFund Advisors LLC (the "Advisor"). In addition, the value of the collateral underlying the repurchase agreement will always be at least equal to the repurchase price, including any accrued interest earned on the repurchase agreement. ProFunds within the Trust invest in repurchase agreements jointly. Each ProFund, therefore, holds a pro rata share of the collateral and interest income based upon the dollar amount of the repurchase agreements entered into by each ProFund. The collateral underlying the repurchase agreement is held by the ProFund's custodian. In the event of a default or bankruptcy by a selling financial institution, a ProFund will seek to liquidate such collateral which could involve certain costs or delays and, to the extent that proceeds from any sale upon a default of the obligation to repurchase were less than the repurchase price, the ProFund could suffer a loss. A ProFund also may experience difficulties and incur certain costs in exercising its rights to the collateral and may lose the interest the ProFund expected to receive under the repurchase agreement. Repurchase agreements usually are for short periods, such as one week or less, but may be longer. It is the current policy of the ProFunds not to invest in repurchase agreements that do not mature within seven days if any such investment, together with any other illiquid assets held by the ProFund, amounts to more than 15% of the ProFund's total net assets. The investments of each of the ProFunds in repurchase agreements at times may be substantial when, in the view of the Advisor, liquidity, investment, regulatory, or other considerations so warrant. During periods of high demand for repurchase agreements, the ProFunds may be unable to invest available cash in these instruments to the extent desired by the Advisor.
Information concerning the counterparties, value of, collateralization and amounts due under repurchase agreement transactions may be found in the table below.
As of July 31, 2022, the ProFunds had undivided interest in joint repurchase agreements with the following counterparties, for the time periods and rates indicated. Amounts shown in the table below represent principal amount, cost and value for each respective repurchase agreement.
Canadian Imperial Bank of Canada 2.13% dated 7/29/22, due 8/1/22(1) | Credit Agricole CIB, 2.15% dated 7/29/22, due 8/1/22(2) | HSBC Securities (USA), Inc., 2.15% dated 7/29/22, due 8/1/22(3) | RBC Capital Markets, LLC, 2.14% dated 7/29/22, due 8/1/22(4) | Societe' Generale, 2.20% dated 7/29/22, due 8/1/22(5) | UMB Bank N.A., 2.20% dated 7/29/22, due 8/1/22(6) | |||||||||||||||||||
Access Flex Bear High Yield ProFund | $ | 72,000 | $ | 227,000 | $ | 227,000 | $ | 163,000 | $ | 546,000 | $ | 546,000 | ||||||||||||
Access Flex High Yield ProFund | 168,000 | 526,000 | 526,000 | 379,000 | 1,264,000 | 1,260,000 | ||||||||||||||||||
Banks UltraSector ProFund | 60,000 | 189,000 | 189,000 | 135,000 | 455,000 | 461,000 | ||||||||||||||||||
Basic Materials UltraSector ProFund | 35,000 | 115,000 | 115,000 | 82,000 | 278,000 | 283,000 | ||||||||||||||||||
Bear ProFund | 531,000 | 1,662,000 | 1,662,000 | 1,196,000 | 3,992,000 | 3,978,000 | ||||||||||||||||||
Biotechnology UltraSector ProFund | 1,193,000 | 3,731,000 | 3,731,000 | 2,686,000 | 8,955,000 | 8,910,000 | ||||||||||||||||||
Bull ProFund | 456,000 | 1,429,000 | 1,429,000 | 1,028,000 | 3,431,000 | 3,419,000 | ||||||||||||||||||
Communication Services UltraSector ProFund | 43,000 | 137,000 | 137,000 | 98,000 | 330,000 | 335,000 | ||||||||||||||||||
Consumer Goods UltraSector ProFund | 35,000 | 115,000 | 115,000 | 83,000 | 278,000 | 285,000 | ||||||||||||||||||
Consumer Services UltraSector ProFund | 254,000 | 797,000 | 797,000 | 573,000 | 1,915,000 | 1,912,000 | ||||||||||||||||||
Falling U.S. Dollar ProFund | 28,000 | 92,000 | 92,000 | 66,000 | 224,000 | 232,000 | ||||||||||||||||||
Financials UltraSector ProFund | 54,000 | 173,000 | 173,000 | 123,000 | 418,000 | 429,000 | ||||||||||||||||||
Health Care UltraSector ProFund | 163,000 | 512,000 | 512,000 | 368,000 | 1,231,000 | 1,238,000 | ||||||||||||||||||
Industrials UltraSector ProFund | 40,000 | 128,000 | 128,000 | 92,000 | 309,000 | 316,000 | ||||||||||||||||||
Internet UltraSector ProFund | 784,000 | 2,450,000 | 2,450,000 | 1,764,000 | 5,882,000 | 5,856,000 | ||||||||||||||||||
Large Cap Growth ProFund | — | — | — | — | — | 3,000 | ||||||||||||||||||
Mid Cap ProFund | 47,000 | 151,000 | 151,000 | 108,000 | 364,000 | 372,000 | ||||||||||||||||||
Nasdaq 100 ProFund | 955,000 | 2,985,000 | 2,985,000 | 2,149,000 | 7,167,000 | 7,133,000 | ||||||||||||||||||
Oil & Gas UltraSector ProFund | 327,000 | 1,025,000 | 1,025,000 | 737,000 | 2,462,000 | 2,457,000 | ||||||||||||||||||
Oil Equipment & Services UltraSector | 107,000 | 338,000 | 338,000 | 244,000 | 816,000 | 822,000 | ||||||||||||||||||
Pharmaceuticals UltraSector ProFund | 34,000 | 110,000 | 110,000 | 79,000 | 268,000 | 274,000 | ||||||||||||||||||
Precious Metals UltraSector ProFund | 203,000 | 637,000 | 637,000 | 458,000 | 1,533,000 | 1,534,000 | ||||||||||||||||||
Real Estate UltraSector ProFund | 70,000 | 224,000 | 224,000 | 161,000 | 541,000 | 549,000 | ||||||||||||||||||
Rising Rates Opportunity 10 ProFund | 153,000 | 485,000 | 485,000 | 348,000 | 1,166,000 | 1,169,000 | ||||||||||||||||||
Rising Rates Opportunity ProFund | 1,682,000 | 5,260,000 | 5,260,000 | 3,787,000 | 12,628,000 | 12,564,000 |
July 31, 2022 :: Notes to Financial Statements :: 335
Canadian Imperial Bank of Canada 2.13% dated 7/29/22, due 8/1/22(1) | Credit Agricole CIB, 2.15% dated 7/29/22, due 8/1/22(2) | HSBC Securities (USA), Inc., 2.15% dated 7/29/22, due 8/1/22(3) | RBC Capital Markets, LLC, 2.14% dated 7/29/22, due 8/1/22(4) | Societe' Generale, 2.20% dated 7/29/22, due 8/1/22(5) | UMB Bank N.A., 2.20% dated 7/29/22, due 8/1/22(6) | |||||||||||||||||||
Rising U.S. Dollar ProFund | $ | 1,954,000 | $ | 6,113,000 | $ | 6,113,000 | $ | 4,401,000 | $ | 14,672,000 | $ | 14,593,000 | ||||||||||||
Semiconductor UltraSector ProFund | 587,000 | 1,841,000 | 1,841,000 | 1,325,000 | 4,421,000 | 4,403,000 | ||||||||||||||||||
Short Nasdaq 100 ProFund | 3,242,000 | 10,137,000 | 10,137,000 | 7,297,000 | 24,329,000 | 24,191,000 | ||||||||||||||||||
Short Oil & Gas ProFund | 121,000 | 383,000 | 383,000 | 277,000 | 924,000 | 927,000 | ||||||||||||||||||
Short Precious Metals ProFund | 79,000 | 250,000 | 250,000 | 179,000 | 602,000 | 608,000 | ||||||||||||||||||
Short Real Estate ProFund | 84,000 | 265,000 | 265,000 | 191,000 | 639,000 | 644,000 | ||||||||||||||||||
Short Small Cap ProFund | 67,000 | 211,000 | 211,000 | 152,000 | 510,000 | 518,000 | ||||||||||||||||||
Small-Cap Growth ProFund | 1,000 | 3,000 | 3,000 | 2,000 | 9,000 | 13,000 | ||||||||||||||||||
Small-Cap ProFund | 42,000 | 133,000 | 133,000 | 95,000 | 322,000 | 328,000 | ||||||||||||||||||
Technology UltraSector ProFund | 374,000 | 1,169,000 | 1,169,000 | 841,000 | 2,809,000 | 2,802,000 | ||||||||||||||||||
Telecommunications UltraSector ProFund | 6,000 | 23,000 | 23,000 | 15,000 | 54,000 | 63,000 | ||||||||||||||||||
UltraBear ProFund | 438,000 | 1,370,000 | 1,370,000 | 987,000 | 3,292,000 | 3,279,000 | ||||||||||||||||||
UltraBull ProFund | 1,245,000 | 3,893,000 | 3,893,000 | 2,803,000 | 9,346,000 | 9,298,000 | ||||||||||||||||||
UltraChina ProFund | 92,000 | 290,000 | 290,000 | 208,000 | 697,000 | 700,000 | ||||||||||||||||||
UltraDow 30 ProFund | 349,000 | 1,094,000 | 1,094,000 | 787,000 | 2,628,000 | 2,622,000 | ||||||||||||||||||
UltraEmerging Markets ProFund | 35,000 | 114,000 | 114,000 | 82,000 | 276,000 | 283,000 | ||||||||||||||||||
UltraInternational ProFund | 92,000 | 291,000 | 291,000 | 209,000 | 699,000 | 703,000 | ||||||||||||||||||
UltraJapan ProFund | 466,000 | 1,458,000 | 1,458,000 | 1,049,000 | 3,499,000 | 3,481,000 | ||||||||||||||||||
UltraLatin America ProFund | 71,000 | 224,000 | 224,000 | 161,000 | 541,000 | 547,000 | ||||||||||||||||||
UltraMid-Cap ProFund | 486,000 | 1,526,000 | 1,526,000 | 1,097,000 | 3,663,000 | 3,654,000 | ||||||||||||||||||
UltraNasdaq-100 ProFund | 6,258,000 | 19,560,000 | 19,560,000 | 14,082,000 | 46,946,000 | 46,671,000 | ||||||||||||||||||
UltraShort China ProFund | 44,000 | 141,000 | 141,000 | 101,000 | 339,000 | 346,000 | ||||||||||||||||||
UltraShort Dow 30 ProFund | 112,000 | 354,000 | 354,000 | 255,000 | 853,000 | 861,000 | ||||||||||||||||||
UltraShort Emerging Markets ProFund | 47,000 | 150,000 | 150,000 | 107,000 | 362,000 | 368,000 | ||||||||||||||||||
UltraShort International ProFund | 108,000 | 341,000 | 341,000 | 245,000 | 822,000 | 827,000 | ||||||||||||||||||
UltraShort Japan ProFund | 7,000 | 22,000 | 22,000 | 16,000 | 53,000 | 55,000 | ||||||||||||||||||
UltraShort Latin America ProFund | 73,000 | 232,000 | 232,000 | 166,000 | 559,000 | 565,000 | ||||||||||||||||||
UltraShort Mid-Cap ProFund | 62,000 | 198,000 | 198,000 | 143,000 | 478,000 | 485,000 | ||||||||||||||||||
UltraShort Nasdaq-100 ProFund | 4,392,000 | 13,729,000 | 13,729,000 | 9,884,000 | 32,952,000 | 32,763,000 | ||||||||||||||||||
UltraShort Small-Cap ProFund | 195,000 | 615,000 | 615,000 | 443,000 | 1,480,000 | 1,484,000 | ||||||||||||||||||
UltraSmall-Cap ProFund | 650,000 | 2,038,000 | 2,038,000 | 1,468,000 | 4,896,000 | 4,880,000 | ||||||||||||||||||
U.S. Government Plus ProFund | 609,000 | 1,906,000 | 1,906,000 | 1,372,000 | 4,576,000 | 4,559,000 | ||||||||||||||||||
Utilities UltraSector ProFund | 119,000 | 375,000 | 375,000 | 268,000 | 900,000 | 907,000 | ||||||||||||||||||
$ | 30,001,000 | $ | 93,947,000 | $ | 93,947,000 | $ | 67,615,000 | $ | 225,601,000 | $ | 224,765,000 |
Each repurchase agreement was fully collateralized by U.S. government securities as of July 31, 2022 as follows:
(1) | U.S. Treasury Notes, 2.625%, due 2/28/23, total value $30,609,538. |
(2) | U.S. Treasury Inflation-Protected Securities (TIPS), 0.125%, due 7/15/31, total value $95,925,607. |
(3) | U.S. Treasury Separate Trading of Registered Interest and Principal of Securities (STRIPS), effective yield or interest rate in effect at July 31, 2022, 2.567%, due 11/15/27, total value $95,908,238. |
(4) | U.S. Treasury Inflation-Protected Securities (TIPS), 0.875%, due 1/15/29, total value of $68,977,736. |
(5) | U.S. Treasury Inflation-Protected Securities (TIPS), 0.125%, due 2/15/51, total value $230,121,395. |
(6) | U.S Treasury Notes, 0.25% to 2.25%, due 2/29/24 to 4/30/24, which had an aggregate value of $229,268,518. |
Reverse Repurchase Agreements
The Bitcoin Strategy ProFund and Short Bitcoin Strategy ProFund may each enter into reverse repurchase agreements as part of its investment strategy, which may be viewed as a form of borrowing. Reverse repurchase agreements involve sales by the ProFunds of portfolio assets for cash concurrently with an agreement by the ProFunds to repurchase those same assets at a later date at a fixed price. Generally, the effect of such a transaction is that the ProFunds can recover all or most of the cash invested in the portfolio securities involved during the term of the reverse repurchase agreement, while the ProFunds will be able to keep the interest income associated with those portfolio securities. Such transactions are advantageous only if the interest cost to the ProFunds of the reverse repurchase transaction is less than the cost of obtaining the cash otherwise. Opportunities to achieve this advantage may not always be available, and the ProFunds intend to use the reverse repurchase technique only when it will be to the ProFunds advantage to do so. The ProFunds will each segregate with its custodian bank cash or liquid instruments equal in value to each ProFund's obligations with respect to reverse repurchase agreements.
336 :: Notes to Financial Statements :: July 31, 2022
As of July 31, 2022, the ProFunds' outstanding balances on reverse repurchase agreements were as follows:
Counterparty | Interest Rate | Principal Amount | Maturity | Value | Value & Accrued Interest | |||||||||||||||
Bitcoin Strategy ProFund | UMB Bank N.A. | 2.33 | % | $ | (15,984,960 | ) | 8/1/2022 | $ | (15,984,960 | ) | $ | (15,988,064 | ) | |||||||
Short Bitcoin Strategy ProFund | UMB Bank N.A. | 2.33 | % | (399,624 | ) | 8/1/2022 | (399,624 | ) | (399,702 | ) |
For the year ended July 31, 2022, the average daily balance outstanding and average interest rate on the ProFunds' reverse repurchase agreements were as follows:
Bitcoin Strategy ProFund | ||||
Average daily balance outstanding | $ | (18,712,468 | ) | |
Average interest rate | 0.19 | % | ||
Short Bitcoin Strategy ProFund(1) | ||||
Average daily balance outstanding | $ | (279,685 | ) | |
Average interest rate | 1.87 | % |
(1) Averages shown are for the period June 21, 2022 (commencement of operations) through July 31, 2022.
The following table presents the reverse repurchase agreements subject to netting agreements and the collateral delivered related to those reverse repurchase agreements.
Counterparty | Reverse Repurchase Agreements(2) | Collateral Pledged to Counterparty | ||||||||
Bitcoin Strategy ProFund | UMB Bank N.A. | $ | (15,988,064 | ) | $ | 15,984,208 | ||||
Short Bitcoin Strategy ProFund | UMB Bank N.A. | $ | (399,702 | ) | $ | 399,605 |
(2) Represents gross value and accrued interest for the counterparty as reported in the preceding table.
Investments in Other Investment Companies
Each ProFund may invest in other investment companies, including exchange-traded funds ("ETFs") and unit investment trusts ("UITs"), to the extent that such an investment would be consistent with the requirements of the 1940 Act. If the ProFund invests in, and thus, is a shareholder of, another investment company, the ProFund's shareholders will indirectly bear the ProFund's proportionate share of the fees and expenses paid by such other investment company, including advisory fees, in addition to both the management fees payable directly by the ProFund to the ProFund's own investment adviser and the other expenses that the ProFund bears directly in connection with the ProFund's own operations. Because most ETFs are investment companies, absent reliance on Rule 12d1-4, the ProFund's investments in such investment companies generally would be limited under applicable federal statutory provisions. Those provisions typically restrict the ProFund's investment in the shares of another investment company to up to 5% of its assets (which may represent no more than 3% of the securities of such other investment company) and limit aggregate investments in all investment companies to 10% of assets. The ProFund may invest in certain ETFs in excess of the statutory limit in reliance on Rule 12d1-4. Rule 12d1-4 outlines the requirements of Fund of Funds Agreements and specifies the responsibilities of the Board related to "fund of fund" arrangements.
Depositary Receipts
Each ProFund may invest in American Depositary Receipts ("ADRs"), New York Shares ("NYSs") and Global Depositary Receipts ("GDRs"). ADRs represent the right to receive securities of foreign issuers deposited in a bank or corresponding bank. ADRs are an alternative to purchasing the underlying securities in their national markets and currencies. For many foreign securities, U.S. dollar-denominated ADRs, which are traded in the United States on exchanges or over-the-counter ("OTC"), are issued by domestic banks. NYSs (or "direct shares") are foreign stocks denominated in U.S. dollars that trade on American exchanges without being converted to ADRs. GDRs are receipts for shares in a foreign-based corporation traded in capital markets around the world.
The ProFunds may invest in both sponsored and unsponsored depositary receipts. Certain depositary receipts, typically those designated as "unsponsored", require the holders thereof to bear most of the costs of such facilities, while issuers of "sponsored" facilities normally pay more of the cost thereof. The depositary of an unsponsored facility frequently is under no obligation to distribute shareholder communications received from the issuer of the deposited securities or to pass through the voting rights to facility holders with respect to the deposited securities, whereas the depository of a sponsored facility typically distributes shareholder communications and passes through the voting rights.
Real Estate Investment Trusts
Each ProFund (other than the Non-Equity ProFunds and Digital Assets ProFunds) may invest in real estate investment trusts ("REITs") which report information on the source of their distributions annually. Equity REITs invest primarily in real property while mortgage REITs invest in constructions, development and long-term mortgage loans. Their value may be affected by changes in the value of the underlying property of the REITs, the creditworthiness of the issuer, property taxes, interest rates, and tax regulatory requirements, such as those relating to
July 31, 2022 :: Notes to Financial Statements :: 337
the environment. REITs are dependent upon management skill, are not diversified and are subject to heavy cash flow dependency, default by borrowers, self-liquidation, the possibility of failing to qualify for tax-free pass-through of income under the Internal Revenue Code of 1986, as amended, and the possibility of failing to maintain exempt status under the 1940 Act. Certain distributions received from REITs during the year are recorded as realized gains or return of capital when such information becomes known.
Derivative Instruments
In seeking to achieve each ProFund's investment objective, the Advisor uses a mathematical approach to investing. Using this approach, the Advisor determines the type, quantity and mix of investment positions. Certain ProFunds may obtain investment exposure through derivative instruments such as futures contracts, forward currency contracts and swap agreements, that a ProFund should hold to approximate the daily performance, inverse performance, or multiple thereof, as applicable, of its benchmark. All derivative instruments held during the year ended July 31, 2022, were utilized to gain exposure or inverse exposure to each ProFund's benchmark (e.g., index, etc.) to meet its investment objective.
The Access Flex Bear High Yield ProFund and Access Flex High Yield ProFund maintain exposure to the high yield market (i.e., U.S. corporate high yield debt market), regardless of market conditions. This means these ProFunds do not adopt defensive positions in cash or other instruments in anticipation of an adverse market climate. The Access Flex Bear High Yield ProFund invests primarily in derivatives, money market instruments, and U.S. Treasury obligations that the Advisor believes, in combination, should provide investment results that correspond to the high yield market. The Access Flex High Yield ProFund invests primarily in derivatives, money market instruments, and U.S. Treasury obligations that the Advisor believes, in combination, should provide investment results that correspond to the high yield market. During the year ended July 31, 2022, the ProFunds held credit default swap agreements for credit exposure to the high yield market and futures contracts and/or treasury notes for interest rate exposure to meet the ProFunds investment objective.
Each ProFund, other than the Classic ProFunds and the Falling U.S. Dollar ProFund, does not seek to achieve its investment objective over a period of time greater than a single day.
All open derivative positions at year end are reflected on each respective ProFund's Schedule of Portfolio Investments. The volume associated with derivative positions varies on a daily basis as each ProFund transacts in derivative contracts in order to achieve the appropriate exposure, as expressed in notional amount (contract value for forward currency contracts), in comparison to net assets consistent with each ProFund's investment objective.
Certain ProFunds utilized a varying level of derivative instruments in conjunction with the investment securities to meet their investment objective during the year ended July 31, 2022. With the exception of the ProFunds listed below, the notional amount of open derivative positions relative to each ProFund's net assets at year end was generally representative of the notional amount of open positions to net assets throughout the year. The volume associated with futures contracts in the Bear ProFund, Short Small-Cap ProFund, UltraMid-Cap ProFund, UltraShort Japan ProFund, UltraShort Small-Cap ProFund, UltraSmall-Cap ProFund, and U.S. Government Plus ProFund was 3%, 7%, 12%, 112%, 12%, 7%, and 12%, respectively, based on average monthly notional amounts in comparison to net assets during the year ended July 31, 2022. The volume associated with swap agreements in the Bear ProFund, Nasdaq-100 ProFund, Short Precious Metals ProFund, Short Small-Cap ProFund, UltraMid-Cap ProFund, UltraShort Japan ProFund, and UltraShort Small-Cap ProFund was 98%, 44%, 101%, 93%, 114%, 88%, and 189%, respectively, based on average monthly notional amounts in comparison to net assets during the year ended July 31, 2022. The Short Bitcoin Strategy ProFund commenced operations on June 21, 2022 and was only operational for the last 40 days of the fiscal year. For the period since inception, the Short Bitcoin Strategy ProFund's notional amount of open derivative positions relative to the ProFund's net assets at period end was generally representative of the notional amount of open positions to net assets throughout the period.
In connection with its management of certain series of the Trust included in this report (Bitcoin Strategy ProFund, Short Bitcoin Strategy ProFund, UltraBear ProFund, UltraJapan ProFund, UltraShort Dow 30 ProFund, UltraShort Japan ProFund, UltraShort Mid-Cap ProFund, UltraShort Nasdaq-100 ProFund and UltraShort Small-Cap ProFund (the "Commodity Pools")), the Advisor is registered as a commodity pool operator (a "CPO") and the Commodity Pools are commodity pools under the Commodity Exchange Act (the "CEA"). The Advisor also registered as a commodity trading advisor (a "CTA") under the CEA as a result of its role as subadvisor to funds outside the Trust. Accordingly, the Advisor is subject to registration and regulation as a CPO and CTA under the CEA, and must comply with various regulatory requirements under the CEA and the rules and regulations of the Commodity Futures Trading Commission ("CFTC") and the National Futures Association ("NFA"), including investor protection requirements, antifraud provisions, disclosure requirements and reporting and recordkeeping requirements. The Advisor is also subject to periodic inspections and audits by the CFTC and NFA. Compliance with these regulatory requirements could adversely affect the Commodity Pools' total return. In this regard, any further amendment to the CEA or its related regulations that subject the Advisor or the Commodity Pools to additional regulation may have adverse impacts on the Commodity Pools' operations and expenses.
The following is a description of the derivative instruments utilized by the ProFunds, including certain risks related to each instrument type.
Futures Contracts
Each ProFund may purchase or sell futures contracts as a substitute for a comparable market position in the underlying securities or to satisfy regulatory requirements. A cash-settled futures contract obligates the seller to deliver (and the purchaser to accept) an amount of cash equal to a specific dollar amount (the contract multiplier) multiplied by the difference between the final settlement price of a specific futures contract and the price at which the agreement is made. No physical delivery of the underlying asset is made.
338 :: Notes to Financial Statements :: July 31, 2022
Each ProFund generally engages in closing or offsetting transactions before final settlement of a futures contract, wherein a second identical futures contract is sold to offset a long position (or bought to offset a short position). In such cases, the obligation is to deliver (or take delivery of) cash equal to a specific dollar amount (the contract multiplier) multiplied by the difference between the price of the offsetting transaction and the price at which the original contract was entered into. If the original position entered into is a long position (futures contract purchased), there will be a gain (loss) if the offsetting sell transaction is carried out at a higher (lower) price, inclusive of commissions. If the original position entered into is a short position (futures contract sold), there will be a gain (loss) if the offsetting buy transaction is carried out at a lower (higher) price, inclusive of commissions.
Whether a ProFund realizes a gain or loss from futures activities depends generally upon movements in the underlying currency, commodity, security or index. The extent of a ProFund's loss from an unhedged short position in futures contracts is potentially unlimited and investors may lose the amount that they invest plus any profits recognized on that investment. Each ProFund will engage in transactions in futures contracts that are traded on a U.S. exchange or board of trade or that have been approved for sale in the U.S. by the CFTC.
Upon entering into a futures contract, each ProFund will be required to deposit with the broker an amount of cash or cash equivalents in the range of approximately 5% to 10% of the contract amount for equity index futures and in the range of approximately 1% to 3% of the contract amount for treasury futures (this amount is subject to change by the exchange on which the contract is traded). This amount, known as "initial margin," is in the nature of a performance bond or good faith deposit on the contract and is returned to the ProFund upon termination of the futures contract, assuming all contractual obligations have been satisfied. Subsequent payments, known as "variation margin," to and from the broker will be made daily as the price of the asset underlying the futures contract fluctuates, making the long and short positions in the futures contract more or less valuable, a process known as "marking-to-market." At any time prior to expiration of a futures contract, a ProFund may elect to close its position by taking an opposite position, which will operate to terminate the ProFund's existing position in the contract.
The primary risks associated with the use of futures contracts are imperfect correlation between movements in the price of futures and the market value of the underlying assets, and the possibility of an illiquid market for a futures contract. Although each ProFund intends to sell futures contracts only if there is an active market for such contracts, no assurance can be given that a liquid market will exist for any particular contract at any particular time. Many futures exchanges and boards of trade limit the amount of fluctuation permitted in futures contract prices during a single trading day. Once the daily limit has been reached in a particular contract, no trades may be made that day at a price beyond that limit or trading may be suspended for specified periods during the day. Futures contract prices could move to the limit for several consecutive trading days with little or no trading, thereby preventing prompt liquidation of futures positions and potentially subjecting a ProFund to substantial losses. If trading is not possible, or if a ProFund determines not to close a futures position in anticipation of adverse price movements, the ProFund will be required to make daily cash payments of variation margin. The risk that the ProFund will be unable to close out a futures position will be minimized by entering into such transactions on a national exchange with an active and liquid secondary market. In addition, although the counterparty to a futures contract is often a clearing organization, backed by a group of financial institutions, there may be instances in which the counterparty could fail to perform its obligations, causing significant losses to a ProFund.
Forward Currency Contracts
The Falling U.S. Dollar and Rising U.S. Dollar ProFunds may invest in forward currency contracts for investment or risk management purposes. A forward currency contract is an obligation to buy or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are entered into on the interbank market conducted directly between currency traders (usually large commercial banks) and their customers.
It is possible that, under certain circumstances, these ProFunds may have to limit its currency transactions to qualify as a RIC under the Internal Revenue Code. The Falling U.S. Dollar and Rising U.S. Dollar ProFunds do not intend to enter into a forward currency contract with a term of more than one year, or to engage in position hedging with respect to the currency of a particular country to more than the aggregate market value (at the time the hedging transaction is entered into) of their portfolio securities denominated in (or quoted in or currently convertible into or directly related through the use of forward currency contracts in conjunction with money market instruments to) that particular currency.
At or before the maturity of a forward currency contract, the Falling U.S. Dollar and Rising U.S. Dollar ProFunds may either sell a portfolio security and make delivery of the currency, or retain the security and terminate its contractual obligation to deliver the currency by buying an "offsetting" contract obligating it to buy, on the same maturity date, the same amount of the currency. If one of these ProFunds engages in an offsetting transaction, it may later enter into a new forward currency contract to sell the currency.
If the Falling U.S. Dollar and Rising U.S. Dollar ProFunds engage in offsetting transactions it will incur a gain or loss, to the extent that there has been movement in forward currency contract prices. If forward prices go down during the period between the date the Falling U.S. Dollar and Rising U.S. Dollar ProFunds enter into a forward currency contract for the sale of a currency and the date it enters into an offsetting contract for the purchase of the currency, the ProFund will realize a gain to the extent that the price of ProFund currency it has agreed to sell exceeds the price of the currency it has agreed to buy. If forward prices go up, the ProFund will suffer a loss to the extent the price of the currency it has agreed to buy exceeds the price of the currency it has agreed to sell.
The Falling U.S. Dollar and Rising U.S. Dollar ProFunds collateralize forward currency contracts with cash and certain securities as indicated on the Statement of Assets and Liabilities and the
July 31, 2022 :: Notes to Financial Statements :: 339
Schedule of Portfolio Investments, respectively. Such collateral is held for the benefit of the counterparty in a segregated tri-party account at the custodian, to protect the counterparty against non-payment by the respective ProFund. Similarly, the Falling U.S. Dollar and Rising U.S. Dollar ProFunds have sought to mitigate credit risk by generally requiring that the counterparties to the ProFund post collateral for the benefit of the ProFund in a segregated account at the custodian, marked to market daily, in an amount equal to what the counterparty owes the ProFund, subject to certain minimum thresholds. In the event of a default by the counterparty, each ProFund will seek withdrawal of this collateral from the segregated account and may incur certain costs exercising its right with respect to the collateral. If a counterparty becomes bankrupt or fails to perform its obligations, the Falling U.S. Dollar and Rising U.S. Dollar ProFunds may experience significant delays in obtaining any recovery in a bankruptcy or other reorganization proceeding. The ProFunds may obtain only limited recovery or may obtain no recovery in such circumstances. The Falling U.S. Dollar and Rising U.S. Dollar ProFunds will enter into forward currency contracts only with financial institutions that meet the credit quality standards and monitoring policies established by the Advisor. As of July 31, 2022, the collateral posted by counterparties consisted of cash.
Credit Default Swap ("CDS") Agreements
As of July 31, 2022, the Access Flex Bear High Yield ProFund invested in centrally cleared credit default swaps as a substitute for shorting notes in order to gain inverse credit exposure to the high yield market. As of July 31, 2022, the Access Flex High Yield ProFund invested in centrally cleared credit default swaps as a substitute for investing directly in notes in order to gain credit exposure to the high yield market.
In a CDS, the agreement will reference one or more debt securities or reference entities. The protection "buyer" in a credit default contract is generally obligated to pay the protection "seller" a periodic stream of payments over the term of the contract until a credit event, such as a default, on a reference entity has occurred. If a credit event occurs, the seller generally must pay the buyer: a) the full notional value of the swap; or b) the difference between the notional value of the defaulted reference entity and the recovery price/rate for the defaulted reference entity. CDS are designed to reflect changes in credit quality, including events of default. A CDS may require premium (discount) payments as well as daily payments (receipts) related to the interest leg of the swap or to the default or change in price of a reference entity.
The counterparty risk for cleared swap agreements is generally lower than for uncleared over-the-counter swap agreements because, generally, a clearing organization becomes substituted for each counterparty to a cleared swap agreement and, in effect, guarantees each party's performance under the contract as each party to a trade looks only to the clearing organization for performance of financial obligations. However, there can be no assurance that the clearing organization, or its members, will satisfy its obligations to a ProFund.
If a ProFund is a seller of a CDS contract (also referred to as a seller of protection or as a buyer of risk), the ProFund would be required to pay the par (or other agreed upon) value of a referenced obligation to the counterparty in the event of a default or other credit event. In return, the ProFund would receive from the counterparty a daily stream of payments over the term of the contract provided that no event of default has occurred. If no default occurs, the ProFund would keep the stream of payments and would have no payment obligations. As the seller, the ProFund would be subject to investment exposure on the notional amount of the swap.
If a ProFund is a buyer of a CDS contract (also referred to as a buyer of protection or a seller of risk), the ProFund would have the right to deliver a reference obligation and receive the par (or other agreed-upon) value of such obligation from the counterparty in the event of a default or other credit event (such as a credit downgrade). In return, the ProFund would pay the counterparty a daily stream of payments over the term of the contract provided that no event of default has occurred. If no default occurs, the counterparty would keep the stream of payments and would have no further obligations to the ProFund.
The ProFunds enter into a CDS with multiple reference entities, in which case payments and settlements in respect of any defaulting reference entity would typically be dealt with separately from the other reference entities.
Upon entering into a centrally cleared CDS, a ProFund may be required to deposit with the broker an amount of cash or cash equivalents in the range of approximately 3% to 6% of the notional amount for CDS on high yield debt issuers (this amount is subject to change by the clearing organization that clears the trade). This amount, known as "initial margin," is in the nature of a performance bond or good faith deposit on the CDS and is returned to a ProFund upon termination of the CDS, assuming all contractual obligations have been satisfied. Subsequent payments, known as "variation margin," to and from the broker will be made daily as the price of the CDS fluctuates, making the long and short positions in the CDS contract more or less valuable, a process known as "marking-to-market." The premium (discount) payments are built into the daily price of the CDS and thus are amortized through the variation margin. The variation margin payment also includes the daily portion of the periodic payment stream.
Swap Agreements (other than CDS)
Each ProFund may enter into swap agreements to gain exposure to an underlying asset without actually purchasing such asset (or shorting such asset), or to hedge a position, including in circumstances in which direct investment is restricted for legal reasons or is otherwise impracticable. Swap agreements are two-party contracts entered into primarily by institutional investors for periods ranging from a day to more than one year. In a standard "swap" transaction, two parties agree to exchange the return (or differentials in rates of return) earned or realized on particular pre-determined investments or instruments. The gross return to be exchanged or "swapped" between the parties is calculated with respect to a "notional amount," e.g., the return on or increase in value of a particular dollar amount invested in a "basket" of securities or an ETF representing a particular index or group of securities.
On a typical long swap, the counterparty will generally agree to pay the ProFund the amount, if any, by which the notional amount of the swap agreement would have increased in value had it been
340 :: Notes to Financial Statements :: July 31, 2022
invested in the particular underlying assets (e.g., securities comprising the relevant benchmark index), plus the dividends or interest that would have been received on those assets. The ProFund will agree to pay to the counterparty a floating rate of interest on the notional amount of the swap agreement plus the amount, if any, by which the notional amount would have decreased in value had it been invested in such assets, plus, in certain circumstances, commissions or trading spreads on the notional amount. Therefore, the return to the ProFund on any swap agreement should be the gain or loss on the notional amount plus dividends or interest on the assets less the interest paid by the ProFund on the notional amount. As a trading technique, the Advisor may substitute physical securities with a swap agreement having investment characteristics substantially similar to the underlying securities. Some ProFunds may also enter into swap agreements that provide the opposite return of their benchmark or security ("short" the benchmark or security). Their operations are similar to that of the swaps disclosed above except that the counterparty pays interest to each ProFund on the notional amount outstanding and that dividends or interest on the underlying instruments reduce the value of the swap, plus, in certain instances, each ProFund will agree to pay to the counterparty commissions or trading spreads on the notional amount.
Most swap agreements entered into by a ProFund calculate and settle the obligations of the parties to the agreement on a "net basis" with a single payment. Consequently, a ProFund's current obligations (or rights) under a swap agreement will generally be equal only to the net amount to be paid or received under the agreement based on the relative values of the positions held by each party to the agreement (the "net amount"). When investing in index swap agreements, the ProFunds may hold or gain exposure to only a representative sample of securities in the index, or to a component of the index.
A ProFund's current obligations under a swap agreement, will be accrued daily (offset against any amounts owed to the ProFund) and any accrued but unpaid net amounts owed to a swap counterparty will be covered by segregating or earmarking cash and/or securities determined to be liquid, but typically no payments will be made until the settlement date. Each ProFund reserves the right to modify its asset segregation policies in the future, including modifications to comply with any changes in the positions articulated by the SEC or its staff regarding asset segregation. Swap agreements that cannot be terminated of in the ordinary course of business within seven days at approximately the amount a ProFund has valued the asset may be considered to be illiquid for purposes of a ProFund illiquid investment limitations.
A ProFund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty. If such a default occurs, a ProFund will have contractual remedies pursuant to the swap agreements, but such remedies may be subject to bankruptcy and insolvency laws that could affect the ProFund's rights as a creditor. A ProFund will only enter into swap agreements with counterparties that meet the ProFund's standard of creditworthiness (generally, such counterparties would have to be eligible counterparties under the terms of the ProFund's repurchase agreement guidelines). The counterparty to an uncleared swap agreement will typically be a major, global financial institution.
Payments may be made at the conclusion of a swap agreement. Swap agreements do not involve the delivery of securities or other underlying assets. Accordingly, the risk of loss with respect to swap agreements is limited to the net amount of payments that a ProFund is contractually obligated to make. If the other party to a swap agreement defaults, a ProFund's risk of loss consists of the net amount of payments that such ProFund is contractually entitled to receive, if any. The net amount of the excess, if any, of a ProFund's obligations over its entitlements with respect to each equity swap will be accrued on a daily basis and an amount of cash or liquid assets, having an aggregate NAV at least equal to such accrued excess will be earmarked or segregated by a ProFund's custodian.
In the normal course of business, a ProFund enters into International Swap Dealers Association, Inc. ("ISDA") agreements with certain counterparties for derivative transactions. These agreements contain, among other conditions, events of default and termination events, and various covenants and representations. Certain of the ProFund's ISDA agreements contain provisions that require the ProFund to maintain a pre-determined level of net assets, and/or provide limits regarding the decline of the ProFund's NAV over specific periods of time, which may or may not be exclusive of redemptions. If the ProFund were to trigger such provisions and have open derivative positions, at that time counterparties to the ISDA agreements could elect to terminate such ISDA agreements and request immediate payment in an amount equal to the net liability positions, if any, under the relevant ISDA agreement. Pursuant to the terms of its ISDA agreements, the ProFund will have already collateralized its liability under such agreements, in some cases only in excess of certain threshold amounts. Such collateral is held for the benefit of the counterparty in a segregated tri-party account at the custodian, to protect the counterparty against non-payment by the respective ProFund. The ProFunds seek to mitigate risks by generally requiring that the counterparties for each ProFund agree to post collateral for the benefit of the ProFund, marked to market daily, in an amount approximately equal to what the counterparty owes the ProFund, subject to certain minimum thresholds, although the ProFunds may not always be successful. To the extent any such collateral is insufficient or there are delays in accessing the collateral, the ProFunds will be exposed to the risks described above, including possible delays in recovering amounts as a result of bankruptcy proceedings. As of July 31, 2022, the collateral posted by counterparties consisted of U.S. Treasury securities and cash.
The use of swaps, including CDS, is a highly specialized activity which involves investment techniques and risks in addition to and in some cases different from those associated with ordinary portfolio securities transactions. The primary risks associated with the use of swap agreements are mispricing or improper valuation, imperfect correlation between movements in the notional amount and the price of the underlying investments, and the inability of the counterparties to perform. If a counterparty's creditworthiness for an over-the-counter swap declines, the value of the swap would likely decline. The Advisor, under the supervision of the Trust's Board of Trustees, is responsible for determining and monitoring the liquidity of a ProFund's transactions in swap agreements.
July 31, 2022 :: Notes to Financial Statements :: 341
Offsetting Assets and Liabilities
The ProFunds are subject to master netting agreements for swap agreements (other than centrally cleared CDS) and forward currency contracts that allow for amounts owed between the ProFund and the counterparty to be netted upon early termination. The party that has the larger payable pays the excess of the larger amount over the smaller amount to the other party. The master netting agreements do not apply to amounts owed to/from different counterparties.
As described above, the ProFunds utilize derivative instruments to achieve their investment objective during the year. The amounts shown in the Statements of Assets and Liabilities generally do not take into consideration the effects of legally enforceable master netting agreements.
Summary of Derivative Instrument
The following table summarizes the fair values of derivative instruments on the ProFund's Statement of Assets and Liabilities, categorized by risk exposure, as of July 31, 2022.
Assets | Liabilities | |||||||||||||||||||||||
Fund | Variation Margin on Futures Contracts* | Unrealized Appreciation on Swap Agreements | Unrealized Appreciation on Forward Currency Contracts | Variation Margin on Futures Contracts* | Unrealized Depreciation on Swap Agreements | Unrealized Depreciation on Forward Currency Contracts | ||||||||||||||||||
Commodity Risk Exposure: | ||||||||||||||||||||||||
Bitcoin Strategy ProFund | $ | 1,735,572 | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
Short Bitcoin Strategy ProFund | — | — | — | 1,054 | — | — | ||||||||||||||||||
Credit Risk Exposure: | ||||||||||||||||||||||||
Access Flex Bear High Yield ProFund | — | — | — | — | 47 | — | ||||||||||||||||||
Access Flex High Yield ProFund | — | — | — | — | 95,337 | — | ||||||||||||||||||
Equity Risk Exposure: | ||||||||||||||||||||||||
Banks UltraSector ProFund | — | 37,626 | — | — | — | — | ||||||||||||||||||
Basic Materials UltraSector ProFund | — | 158,128 | — | — | — | — | ||||||||||||||||||
Bear ProFund | — | — | — | 121,143 | 295,860 | — | ||||||||||||||||||
Biotechnology UltraSector ProFund | — | 951,771 | — | — | — | — | ||||||||||||||||||
Bull ProFund | 89,558 | 263,189 | — | — | — | — | ||||||||||||||||||
Communication Services UltraSector ProFund | — | 26,111 | — | — | — | — | ||||||||||||||||||
Consumer Goods UltraSector ProFund | — | 110,368 | — | — | — | — | ||||||||||||||||||
Consumer Services UltraSector ProFund | — | 665,164 | — | — | — | — | ||||||||||||||||||
Financials UltraSector ProFund | — | 111,943 | — | — | — | — | ||||||||||||||||||
Health Care UltraSector ProFund | — | 176,548 | — | — | — | — | ||||||||||||||||||
Industrials UltraSector ProFund | — | 151,222 | — | — | — | — | ||||||||||||||||||
Internet UltraSector ProFund | — | 2,354,378 | — | — | — | — | ||||||||||||||||||
Mid-Cap ProFund | — | 34,836 | — | — | — | — | ||||||||||||||||||
Nasdaq-100 ProFund | 250,916 | 538,298 | — | — | — | — | ||||||||||||||||||
Oil & Gas UltraSector ProFund | — | 1,902,546 | — | — | — | — | ||||||||||||||||||
Oil Equipment & Services UltraSector ProFund | — | 773,970 | — | — | — | — | ||||||||||||||||||
Pharmaceuticals UltraSector ProFund | — | 4,286 | — | — | — | — | ||||||||||||||||||
Precious Metals UltraSector ProFund | — | 828,131 | — | — | — | — | ||||||||||||||||||
Real Estate UltraSector ProFund | — | 254,501 | — | — | — | — | ||||||||||||||||||
Semiconductor UltraSector ProFund | — | 2,268,833 | — | — | — | — | ||||||||||||||||||
Short Nasdaq-100 ProFund | — | — | — | 168,772 | 2,098,802 | — | ||||||||||||||||||
Short Oil & Gas ProFund | — | — | — | — | 199,884 | — | ||||||||||||||||||
Short Precious Metals ProFund | — | — | — | — | 260,173 | — | ||||||||||||||||||
Short Real Estate ProFund | — | — | — | — | 101,850 | — | ||||||||||||||||||
Short Small-Cap ProFund | — | — | — | 21,044 | 27,636 | — | ||||||||||||||||||
Small-Cap ProFund | — | 20,498 | — | — | — | — | ||||||||||||||||||
Technology UltraSector ProFund | — | 2,028,757 | — | — | — | — | ||||||||||||||||||
Telecommunications UltraSector ProFund | — | 20,933 | — | — | — | — | ||||||||||||||||||
UltraBear ProFund | — | — | — | 40,381 | 559,465 | — | ||||||||||||||||||
UltraBull ProFund | — | 3,465,960 | — | 5,467 | — | — | ||||||||||||||||||
UltraChina ProFund | — | — | — | — | 1,222,585 | — | ||||||||||||||||||
UltraDow 30 ProFund | — | 735,900 | — | 24,714 | — | — | ||||||||||||||||||
UltraEmerging Markets ProFund | — | — | — | — | 33,148 | — | ||||||||||||||||||
UltraInternational ProFund | — | 92,159 | — | — | — | — | ||||||||||||||||||
UltraJapan ProFund | 476,907 | — | — | — | 494 | — | ||||||||||||||||||
UltraLatin America ProFund | — | 265,977 | — | — | — | — | ||||||||||||||||||
UltraMid-Cap ProFund | — | 1,584,479 | — | — | — | — |
342 :: Notes to Financial Statements :: July 31, 2022
Assets | Liabilities | |||||||||||||||||||||||
Fund | Variation Margin on Futures Contracts* | Unrealized Appreciation on Swap Agreements | Unrealized Appreciation on Forward Currency Contracts | Variation Margin on Futures Contracts* | Unrealized Depreciation on Swap Agreements | Unrealized Depreciation on Forward Currency Contracts | ||||||||||||||||||
UltraNasdaq-100 ProFund | $ | 265,938 | $ | 19,378,335 | $ | — | $ | — | $ | — | $ | — | ||||||||||||
UltraShort China ProFund | — | 130,530 | — | — | — | — | ||||||||||||||||||
UltraShort Dow 30 ProFund | — | — | — | — | 110,685 | — | ||||||||||||||||||
UltraShort Emerging Markets ProFund | — | 9,673 | — | — | — | — | ||||||||||||||||||
UltraShort International ProFund | — | — | — | — | 107,253 | — | ||||||||||||||||||
UltraShort Japan ProFund | — | 420 | — | 1,978 | — | — | ||||||||||||||||||
UltraShort Latin America ProFund | — | — | — | — | 94,206 | — | ||||||||||||||||||
UltraShort Mid-Cap ProFund | 5,108 | — | — | — | 76,700 | — | ||||||||||||||||||
UltraShort Nasdaq-100 ProFund | — | — | — | 185,650 | 5,891,326 | — | ||||||||||||||||||
UltraShort Small-Cap ProFund | — | — | — | — | 180,196 | — | ||||||||||||||||||
UltraSmall-Cap ProFund | — | 1,188,044 | — | 168,937 | — | — | ||||||||||||||||||
Utilities UltraSector ProFund | — | 462,067 | — | — | — | — | ||||||||||||||||||
Foreign Exchange Rate Risk Exposure: | ||||||||||||||||||||||||
Falling U.S. Dollar ProFund | — | — | 14,093 | — | — | 4,465 | ||||||||||||||||||
Rising U.S. Dollar ProFund | — | — | 35,096 | — | — | 639,025 | ||||||||||||||||||
Interest Rate Risk Exposure: | ||||||||||||||||||||||||
Access Flex Bear High Yield ProFund | — | — | — | 14,465 | — | — | ||||||||||||||||||
Access Flex High Yield ProFund | 7,788 | — | — | — | — | — | ||||||||||||||||||
Rising Rates Opportunity ProFund | — | — | — | — | 524,134 | — | ||||||||||||||||||
Rising Rates Opportunity 10 ProFund | — | — | — | — | 122,537 | — | ||||||||||||||||||
U.S. Government Plus ProFund | — | 163,629 | — | — | — | — |
* | Includes cumulative appreciation/depreciation of futures contracts and credit default swap agreements as reported in the Schedules of Portfolio Investments. Only current day's variation margin is reported within the Statements of Assets and Liabilities. |
The following table presents the effect of derivative instruments on the ProFund's Statement of Operations, categorized by risk exposure, for the year ended July 31, 2022.
Realized Gain (Loss) on Derivatives Recognized as a Result from Operations | Change in Net Unrealized Appreciation/Depreciation on Derivatives Recognized as a Result from Operations | |||||||||||||||||||||||
Fund | Net Realized Gains (Losses) on Futures Contracts | Net Realized Gains (Losses) on Swap Agreements | Net Realized Gains (Losses) on Forward Currency Contracts | Change in Net Unrealized Appreciation/ Depreciation on Futures Contracts | Change in Net Unrealized Appreciation/ Depreciation on Swap Agreements | Change in Net Unrealized Appreciation/ Depreciation on Forward Currency Contracts | ||||||||||||||||||
Commodity Risk Exposure: | ||||||||||||||||||||||||
Bitcoin Strategy ProFund | $ | (25,487,228 | ) | $ | — | $ | — | $ | (1,740,541 | ) | $ | — | $ | — | ||||||||||
Short Bitcoin Strategy ProFund | (100,369 | ) | — | — | 1,054 | — | — | |||||||||||||||||
Credit Risk Exposure: | ||||||||||||||||||||||||
Access Flex Bear High Yield ProFund | — | (23,604 | ) | — | — | 3,231 | — | |||||||||||||||||
Access Flex High Yield ProFund | — | (179,486 | ) | — | — | (194,474 | ) | — | ||||||||||||||||
Equity Risk Exposure: | ||||||||||||||||||||||||
Banks UltraSector ProFund | — | (530,492 | ) | — | — | (980,831 | ) | — | ||||||||||||||||
Basic Materials UltraSector ProFund | — | (1,120,529 | ) | — | — | (80,115 | ) | — | ||||||||||||||||
Bear ProFund | (82,166 | ) | 1,735,387 | — | (51,848 | ) | (305,034 | ) | — | |||||||||||||||
Biotechnology UltraSector ProFund | — | (19,625,749 | ) | — | — | 1,863,339 | — | |||||||||||||||||
Bull ProFund | 233,107 | (1,747,875 | ) | — | (6,649 | ) | 275,362 | — | ||||||||||||||||
Communication Services UltraSector ProFund | — | (2,320,299 | ) | — | — | 166,859 | — | |||||||||||||||||
Consumer Goods UltraSector ProFund | — | (654,810 | ) | — | — | 64,444 | — | |||||||||||||||||
Consumer Services UltraSector ProFund | — | (10,238,611 | ) | — | — | 2,432,835 | — | |||||||||||||||||
Financials UltraSector ProFund | — | (525,708 | ) | — | — | 64,265 | — | |||||||||||||||||
Health Care UltraSector ProFund | — | (1,741,524 | ) | — | — | 76,704 | — | |||||||||||||||||
Industrials UltraSector ProFund | — | (967,450 | ) | — | — | 216,721 | — | |||||||||||||||||
Internet UltraSector ProFund | — | (67,297,065 | ) | — | — | 9,622,446 | — |
July 31, 2022 :: Notes to Financial Statements :: 343
Realized Gain (Loss) on Derivatives Recognized as a Result from Operations | Change in Net Unrealized Appreciation/Depreciation on Derivatives Recognized as a Result from Operations | |||||||||||||||||||||||
Fund | Net Realized Gains (Losses) on Futures Contracts | Net Realized Gains (Losses) on Swap Agreements | Net Realized Gains (Losses) on Forward Currency Contracts | Change in Net Unrealized Appreciation/ Depreciation on Futures Contracts | Change in Net Unrealized Appreciation/ Depreciation on Swap Agreements | Change in Net Unrealized Appreciation/ Depreciation on Forward Currency Contracts | ||||||||||||||||||
Mid-Cap ProFund | $ | — | $ | (270,675 | ) | $ | — | $ | — | $ | 21,490 | $ | — | |||||||||||
Nasdaq-100 ProFund | (1,002,050 | ) | (5,223,982 | ) | — | 204,753 | 511,436 | — | ||||||||||||||||
Oil & Gas UltraSector ProFund | — | 9,630,476 | — | — | 1,553,806 | — | ||||||||||||||||||
Oil Equipment & Services UltraSector ProFund | — | (424,591 | ) | — | — | 592,250 | — | |||||||||||||||||
Pharmaceuticals UltraSector ProFund | — | 135,230 | — | — | (6,734 | ) | — | |||||||||||||||||
Precious Metals UltraSector ProFund | — | (5,405,559 | ) | — | — | (624,661 | ) | — | ||||||||||||||||
Real Estate UltraSector ProFund | — | (877,989 | ) | — | — | 160,815 | — | |||||||||||||||||
Semiconductor UltraSector ProFund | — | (15,874,838 | ) | — | — | 855,385 | — | |||||||||||||||||
Short Nasdaq-100 ProFund | (62,199 | ) | 2,299,212 | — | (145,687 | ) | (2,098,772 | ) | — | |||||||||||||||
Short Oil & Gas ProFund | — | (432,529 | ) | — | — | (169,544 | ) | — | ||||||||||||||||
Short Precious Metals ProFund | — | 1,287,502 | — | — | (116,521 | ) | — | |||||||||||||||||
Short Real Estate ProFund | — | (7,575 | ) | — | — | (100,431 | ) | — | ||||||||||||||||
Short Small-Cap ProFund | 6,610 | (1,128,373 | ) | — | (26,892 | ) | (28,637 | ) | — | |||||||||||||||
Small-Cap ProFund | 19,753 | 416,245 | — | 5,852 | (35,404 | ) | — | |||||||||||||||||
Technology UltraSector ProFund | — | (12,682,648 | ) | — | — | 2,614,493 | — | |||||||||||||||||
Telecommunications UltraSector ProFund | — | (118,075 | ) | — | — | 14,945 | — | |||||||||||||||||
UltraBear ProFund | (50,318 | ) | 799,525 | — | 2,929 | (580,959 | ) | — | ||||||||||||||||
UltraBull ProFund | 455,352 | (14,792,266 | ) | — | (120,523 | ) | 3,658,632 | — | ||||||||||||||||
UltraChina ProFund | — | (9,515,660 | ) | — | — | (2,580,657 | ) | — | ||||||||||||||||
UltraDow 30 ProFund | (61,096 | ) | (4,202,694 | ) | — | (59,987 | ) | 913,097 | — | |||||||||||||||
UltraEmerging Markets ProFund | — | (2,564,814 | ) | — | — | (449,057 | ) | — | ||||||||||||||||
UltraInternational ProFund | — | (801,693 | ) | — | — | 57,206 | — | |||||||||||||||||
UltraJapan ProFund | (1,833,360 | ) | (8,000 | ) | — | 2,168,934 | (653 | ) | — | |||||||||||||||
UltraLatin America ProFund | — | (1,745,250 | ) | — | — | 582,624 | — | |||||||||||||||||
UltraMid-Cap ProFund | (283,034 | ) | (5,652,441 | ) | — | 126,217 | 664,552 | — | ||||||||||||||||
UltraNasdaq-100 ProFund | (3,068,142 | ) | (213,910,175 | ) | — | 242,856 | 18,663,600 | — | ||||||||||||||||
UltraShort China ProFund | — | (3,336,675 | ) | — | — | 529,194 | — | |||||||||||||||||
UltraShort Dow 30 ProFund | (2,612 | ) | 42,647 | — | 1,782 | (132,324 | ) | — | ||||||||||||||||
UltraShort Emerging Markets ProFund | — | 4,627 | — | — | 65,310 | — | ||||||||||||||||||
UltraShort International ProFund | — | (110,073 | ) | — | — | (89,230 | ) | — | ||||||||||||||||
UltraShort Japan ProFund | (85,129 | ) | (2,674 | ) | — | (25,320 | ) | (160 | ) | — | ||||||||||||||
UltraShort Latin America ProFund | — | (360,275 | ) | — | — | (119,024 | ) | — | ||||||||||||||||
UltraShort Mid-Cap ProFund | (32,632 | ) | (35,826 | ) | — | 670 | (19,568 | ) | — | |||||||||||||||
UltraShort Nasdaq-100 ProFund | (64,667 | ) | (3,290,953 | ) | — | (162,565 | ) | (5,896,516 | ) | — | ||||||||||||||
UltraShort Small-Cap ProFund | 159,978 | 62,471 | — | (23,394 | ) | 142,246 | — | |||||||||||||||||
UltraSmall-Cap ProFund | (976,284 | ) | (17,475,705 | ) | — | (184,502 | ) | (1,187,747 | ) | — | ||||||||||||||
Utilities UltraSector ProFund | — | 260,521 | — | — | 448,620 | — | ||||||||||||||||||
Foreign Exchange Rate Risk Exposure: | ||||||||||||||||||||||||
Falling U.S. Dollar ProFund | — | — | (159,080 | ) | — | — | 2,570 | |||||||||||||||||
Rising U.S. Dollar ProFund | — | — | 2,442,866 | — | — | (569,212 | ) | |||||||||||||||||
Interest Rate Risk Exposure: | ||||||||||||||||||||||||
Access Flex Bear High Yield ProFund | 37,663 | — | — | (12,516 | ) | — | — | |||||||||||||||||
Access Flex High Yield ProFund | (54,072 | ) | — | — | 7,164 | — | — | |||||||||||||||||
Rising Rates Opportunity ProFund | (41,651 | ) | 4,178,172 | — | — | (370,622 | ) | — | ||||||||||||||||
Rising Rates Opportunity 10 ProFund | (600 | ) | 444,655 | — | — | (108,452 | ) | — | ||||||||||||||||
U.S. Government Plus ProFund | 305,095 | (4,385,623 | ) | — | — | (151,076 | ) | — |
Asset (Liability) amounts shown in the table below represent amounts owed to (by) the ProFunds for swap agreements (other than centrally cleared CDS) and forward currency contracts as of July 31, 2022. These amounts may be collateralized by cash or financial instruments, segregated for the benefit of the ProFunds or the counterparties, depending on whether the related contracts are in an appreciated or depreciated position at year end. Amounts shown in the column labeled "Net Amount" represent the un-collateralized portions of these amounts at year end. Any un-collateralized amounts are due to timing differences related to market movements or subject to certain minimum thresholds for collateral movement, as further described above.
344 :: Notes to Financial Statements :: July 31, 2022
Gross Amounts Not Offset in the Statement of Assets and Liabilities* | ||||||||||||||||
Gross Asset (Liability) as presented in the Statement of Assets and Liabilities | Financial Instruments (Received) Pledged** | Cash Collateral (Received) Pledged** | Net Amount | |||||||||||||
Banks UltraSector ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | $ | 19,880 | $ | — | $ | — | $ | 19,880 | ||||||||
Swap Agreements — UBS AG | 17,746 | — | — | 17,746 | ||||||||||||
Basic Materials UltraSector ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 60,594 | — | — | 60,594 | ||||||||||||
Swap Agreements — UBS AG | 97,534 | — | — | 97,534 | ||||||||||||
Bear ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | (253,880 | ) | 253,880 | — | — | |||||||||||
Swap Agreements — UBS AG | (41,980 | ) | 41,980 | — | — | |||||||||||
Biotechnology UltraSector ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 503,242 | (503,242 | ) | — | — | |||||||||||
Swap Agreements — UBS AG | 448,529 | (286,035 | ) | (162,494 | ) | — | ||||||||||
Bull ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 100,180 | — | — | 100,180 | ||||||||||||
Swap Agreements — UBS AG | 163,009 | — | (15,000 | ) | 148,009 | |||||||||||
Communication Services UltraSector ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 16,219 | — | — | 16,219 | ||||||||||||
Swap Agreements — UBS AG | 9,892 | — | — | 9,892 | ||||||||||||
Consumer Goods UltraSector ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 63,762 | — | — | 63,762 | ||||||||||||
Swap Agreements — UBS AG | 46,606 | — | — | 46,606 | ||||||||||||
Consumer Services UltraSector ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 348,143 | — | — | 348,143 | ||||||||||||
Swap Agreements — UBS AG | 317,021 | (1,986 | ) | — | 315,035 | |||||||||||
Falling U.S. Dollar ProFund | ||||||||||||||||
Forward Currency Contracts — Goldman Sachs International | ||||||||||||||||
Appreciation | 5,107 | |||||||||||||||
(Depreciation) | (977 | ) | ||||||||||||||
Net Appreciation | 4,130 | — | — | 4,130 | ||||||||||||
Forward Currency Contracts — UBS AG | ||||||||||||||||
Appreciation | 8,986 | |||||||||||||||
(Depreciation) | (3,488 | ) | ||||||||||||||
Net Appreciation | 5,498 | — | — | 5,498 | ||||||||||||
Financials UltraSector ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 58,147 | — | — | 58,147 | ||||||||||||
Swap Agreements — UBS AG | 53,796 | — | — | 53,796 | ||||||||||||
Health Care UltraSector ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 86,672 | (52,975 | ) | — | 33,697 | |||||||||||
Swap Agreements — UBS AG | 89,876 | — | — | 89,876 | ||||||||||||
Industrials UltraSector ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 64,479 | — | — | 64,479 | ||||||||||||
Swap Agreements — UBS AG | 86,743 | — | — | 86,743 | ||||||||||||
Internet UltraSector ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 1,210,326 | (699,729 | ) | — | 510,597 | |||||||||||
Swap Agreements — UBS AG | 1,144,052 | (604,446 | ) | — | 539,606 | |||||||||||
Mid-Cap ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 33,631 | — | — | 33,631 | ||||||||||||
Swap Agreements — UBS AG | 1,205 | — | — | 1,205 | ||||||||||||
Nasdaq-100 ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 59,912 | — | — | 59,912 | ||||||||||||
Swap Agreements — UBS AG | 478,386 | (262,389 | ) | — | 215,997 | |||||||||||
Oil & Gas UltraSector ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 985,832 | (232,434 | ) | — | 753,398 | |||||||||||
Swap Agreements — UBS AG | 916,714 | (577,797 | ) | — | 338,917 | |||||||||||
Oil Equipment & Services UltraSector ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 402,738 | (174,932 | ) | — | 227,806 | |||||||||||
Swap Agreements — UBS AG | 371,232 | — | — | 371,232 |
July 31, 2022 :: Notes to Financial Statements :: 345
Gross Amounts Not Offset in the Statement of Assets and Liabilities* | ||||||||||||||||
Gross Asset (Liability) as presented in the Statement of Assets and Liabilities | Financial Instruments (Received) Pledged** | Cash Collateral (Received) Pledged** | Net Amount | |||||||||||||
Pharmaceuticals UltraSector ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | $ | 1,685 | $ | — | $ | — | $ | 1,685 | ||||||||
Swap Agreements — UBS AG | 2,601 | — | — | 2,601 | ||||||||||||
Precious Metals UltraSector ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 432,970 | (379,299 | ) | — | 53,671 | |||||||||||
Swap Agreements — UBS AG | 395,161 | — | (300,000 | ) | 95,161 | |||||||||||
Real Estate UltraSector ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 95,481 | — | — | 95,481 | ||||||||||||
Swap Agreements — UBS AG | 159,020 | — | — | 159,020 | ||||||||||||
Rising Rates Opportunity ProFund | ||||||||||||||||
Swap Agreements — Citibank North America | (416,060 | ) | 416,060 | — | — | |||||||||||
Swap Agreements — Societe' Generale | (108,074 | ) | 100,000 | — | (8,074 | ) | ||||||||||
Rising Rates Opportunity 10 ProFund | ||||||||||||||||
Swap Agreements — Citibank North America | (84,678 | ) | 84,678 | — | — | |||||||||||
Swap Agreements — Societe' Generale | (37,859 | ) | 20,000 | — | (17,859 | ) | ||||||||||
Rising U.S. Dollar ProFund | ||||||||||||||||
Forward Currency Contracts — Goldman Sachs International | ||||||||||||||||
Appreciation | 130 | |||||||||||||||
(Depreciation) | (275,391 | ) | ||||||||||||||
Net Depreciation | (275,261 | ) | 220,000 | — | (55,261 | ) | ||||||||||
Forward Currency Contracts — UBS AG | — | — | ||||||||||||||
Appreciation | 34,966 | |||||||||||||||
(Depreciation) | (363,634 | ) | ||||||||||||||
Net Depreciation | (328,668 | ) | 328,668 | — | — | |||||||||||
Semiconductor UltraSector ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 1,143,861 | (1,022,144 | ) | — | 121,717 | |||||||||||
Swap Agreements — UBS AG | 1,124,972 | (996,844 | ) | — | 128,128 | |||||||||||
Short Nasdaq-100 ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | (1,857,215 | ) | 1,857,215 | — | — | |||||||||||
Swap Agreements — UBS AG | (241,587 | ) | 241,587 | — | — | |||||||||||
Short Oil & Gas ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | (70,218 | ) | 70,218 | — | — | |||||||||||
Swap Agreements — UBS AG | (129,666 | ) | 129,666 | — | — | |||||||||||
Short Precious Metals ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | (129,520 | ) | 129,520 | — | — | |||||||||||
Swap Agreements — UBS AG | (130,653 | ) | 130,653 | — | — | |||||||||||
Short Real Estate ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | (51,560 | ) | 51,560 | — | — | |||||||||||
Swap Agreements — UBS AG | (50,290 | ) | 50,290 | — | — | |||||||||||
Short Small-Cap ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | (8,952 | ) | 8,952 | — | — | |||||||||||
Swap Agreements — UBS AG | (18,684 | ) | 18,684 | — | — | |||||||||||
Small-Cap ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 10,837 | — | — | 10,837 | ||||||||||||
Swap Agreements — UBS AG | 9,661 | — | — | 9,661 | ||||||||||||
Technology UltraSector ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 1,299,545 | (988,199 | ) | — | 311,346 | |||||||||||
Swap Agreements — UBS AG | 729,212 | (555,862 | ) | — | 173,350 | |||||||||||
Telecommunications UltraSector ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 10,588 | — | — | 10,588 | ||||||||||||
Swap Agreements — UBS AG | 10,345 | — | — | 10,345 | ||||||||||||
UltraBear ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | (446,615 | ) | 446,615 | — | — | |||||||||||
Swap Agreements — UBS AG | (112,850 | ) | 112,850 | — | — | |||||||||||
UltraBull ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 1,710,652 | (821,271 | ) | — | 889,381 | |||||||||||
Swap Agreements — UBS AG | 1,755,308 | (806,821 | ) | — | 948,487 |
346 :: Notes to Financial Statements :: July 31, 2022
Gross Amounts Not Offset in the Statement of Assets and Liabilities* | ||||||||||||||||
Gross Asset (Liability) as presented in the Statement of Assets and Liabilities | Financial Instruments (Received) Pledged** | Cash Collateral (Received) Pledged** | Net Amount | |||||||||||||
UltraChina ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | $ | (609,994 | ) | $ | 609,994 | $ | — | $ | — | |||||||
Swap Agreements — UBS AG | (612,591 | ) | 612,591 | — | — | |||||||||||
UltraDow 30 ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 429,090 | (219,811 | ) | — | 209,279 | |||||||||||
Swap Agreements — UBS AG | 306,810 | (272,216 | ) | — | 34,594 | |||||||||||
UltraEmerging Markets ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | (17,637 | ) | 17,637 | — | — | |||||||||||
Swap Agreements — UBS AG | (15,511 | ) | 15,511 | — | — | |||||||||||
UltraInternational ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 45,604 | — | — | 45,604 | ||||||||||||
Swap Agreements — UBS AG | 46,555 | — | — | 46,555 | ||||||||||||
UltraJapan ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | (494 | ) | — | — | (494 | ) | ||||||||||
UltraLatin America ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 113,642 | — | — | 113,642 | ||||||||||||
Swap Agreements — UBS AG | 152,335 | — | — | 152,335 | ||||||||||||
UltraMid-Cap ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 1,011,219 | (568,187 | ) | — | 443,032 | |||||||||||
Swap Agreements — UBS AG | 573,260 | (407,431 | ) | — | 165,829 | |||||||||||
UltraNasdaq-100 ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 8,152,823 | (2,906,373 | ) | — | 5,246,450 | |||||||||||
Swap Agreements — UBS AG | 11,225,512 | (8,700,447 | ) | (435 | ) | 2,524,630 | ||||||||||
UltraShort China ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 78,243 | — | — | 78,243 | ||||||||||||
Swap Agreements — UBS AG | 52,287 | — | — | 52,287 | ||||||||||||
UltraShort Dow 30 ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | (48,208 | ) | 48,208 | — | — | |||||||||||
Swap Agreements — UBS AG | (62,477 | ) | 62,477 | — | — | |||||||||||
UltraShort Emerging Markets ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 5,803 | — | — | 5,803 | ||||||||||||
Swap Agreements — UBS AG | 3,870 | — | — | 3,870 | ||||||||||||
UltraShort International ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | (45,653 | ) | 45,653 | — | — | |||||||||||
Swap Agreements — UBS AG | (61,600 | ) | 61,600 | — | — | |||||||||||
UltraShort Japan ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 420 | — | — | 420 | ||||||||||||
UltraShort Latin America ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | (23,304 | ) | 23,304 | — | — | |||||||||||
Swap Agreements — UBS AG | (70,902 | ) | 70,902 | — | — | |||||||||||
UltraShort Mid-Cap ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | (57,218 | ) | 57,218 | — | — | |||||||||||
Swap Agreements — UBS AG | (19,482 | ) | 19,482 | — | — | |||||||||||
UltraShort Nasdaq-100 ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | (5,704,850 | ) | 5,704,850 | — | — | |||||||||||
Swap Agreements — UBS AG | (186,476 | ) | 186,476 | — | — | |||||||||||
UltraShort Small-Cap ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | (179,014 | ) | 179,014 | — | — | |||||||||||
Swap Agreements — UBS AG | (1,182 | ) | 1,182 | — | — | |||||||||||
UltraSmall-Cap ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 613,651 | (424,568 | ) | — | 189,083 | |||||||||||
Swap Agreements — UBS AG | 574,393 | (478,003 | ) | — | 96,390 | |||||||||||
U.S. Government Plus ProFund | ||||||||||||||||
Swap Agreements — Citibank North America | 50,463 | — | — | 50,463 | ||||||||||||
Swap Agreements — Societe' Generale | 113,166 | — | (50,000 | ) | 63,166 | |||||||||||
Utilities UltraSector ProFund | ||||||||||||||||
Swap Agreements — Goldman Sachs International | 297,756 | (232,434 | ) | — | 65,322 | |||||||||||
Swap Agreements — UBS AG | 164,311 | — | — | 164,311 |
* | The actual financial instruments and cash collateral (received) pledged may be in excess of the amounts shown in the table. The table only reflects collateral amounts up to the amount of the financial instrument disclosed on the Statement of Assets and Liabilities. |
** | Financial instruments and cash collateral received are not disclosed on the Statement of Assets and Liabilities because the Fund does not have effective control of the collateral. |
July 31, 2022 :: Notes to Financial Statements :: 347
Securities Lending:
Each ProFund may lend securities to brokers, dealers and financial organizations in exchange for initial collateral in the amount of at least 102% of the value of U.S. dollar-denominated securities loaned or at least 105% of the value of non-U.S. dollar-denominated securities loaned, marked to market daily. Each security loaned will be secured continuously by collateral in the form of cash, money market instruments or U.S. Government securities with a market value of at least 100% of the market value of the loaned securities. When a ProFund lends its securities, it continues to receive payments equal to the dividends and interest paid on the securities loaned and simultaneously may earn interest on the reinvestment of the cash collateral. Any cash collateral received by the ProFund in connection with these loans may be reinvested in a variety of short-term investments. Any non-cash collateral received by the ProFund in connection with these loans may not be sold or pledged by the ProFund and, accordingly, is not reflected in the ProFund's assets and liabilities. The ProFunds may incur fees and expenses in connection with the reinvestment of cash collateral. For security loans collateralized by cash, borrowers may be entitled to receive a fee based on the amount of collateral. The ProFunds are typically compensated by the difference between the amount earned on the reinvestment of cash collateral and any fees paid to the borrower. Although voting and other rights attendant to securities loaned pass to the borrower, such loans may be recalled so that the securities may be voted by the ProFund if a material event affecting the ProFund's investment in the securities on loan is to occur. Security loans are subject to termination by the ProFund or the borrower at any time. No securities loan shall be made on behalf of a ProFund if, as a result, the aggregate value of all securities loaned by the particular ProFund exceeds one-third of the value of such ProFund's total assets (including the value of the collateral received).
Securities lending involves exposure to certain risks, including "gap" risk (i.e., the risk of a mismatch between the return on cash collateral reinvestments and any fees a ProFund has agreed to pay a borrower), operational risk (i.e., the risk of losses resulting from problems in the settlement and the accounting process), legal, counterparty and credit risk. If a securities lending counterparty were to default, a ProFund would be subject to the risk of a possible delay in receiving collateral or in recovering the loaned securities, or to a possible loss of rights in the collateral. In the event a borrower does not return a ProFund's securities as agreed, the ProFund may experience losses if the proceeds received from liquidating the collateral do not at least equal the value of the loaned security at the time the collateral is liquidated, plus the transaction costs incurred in purchasing replacement securities. This event could trigger adverse tax consequences for a ProFund. The investment of cash collateral deposited by the borrower is subject to inherent market risks such as interest rate risk, credit risk, liquidity risk, and other risks that are present in the market. A ProFund could lose money if its short-term reinvestment of the collateral declines in value over the period of the loan. The market value of the loaned securities is determined at the close of each business day of the ProFund and any additional required collateral is delivered to the ProFund, or excess collateral returned by the ProFund, on the next business day.
The following table is a summary of the ProFunds securities lending transactions as of July 31, 2022:
Value of Securities on Loan | Value of Cash Collateral Received* | |||||||
Basic Materials UltraSector ProFund | $ | 13,739 | $ | 14,412 | ||||
Biotechnology UltraSector ProFund | 67,821 | 71,844 | ||||||
Consumer Goods UltraSector ProFund | 11,359 | 11,636 | ||||||
Consumer Services UltraSector ProFund | 155,715 | 163,426 | ||||||
Europe 30 ProFund | 657,469 | 667,402 | ||||||
Financials UltraSector ProFund | 4,714 | 4,836 | ||||||
Health Care UltraSector ProFund | 24,212 | 25,129 | ||||||
Industrials UltraSector ProFund | 1,880 | 1,954 | ||||||
Mid Cap Growth ProFund | 28,566 | 29,102 | ||||||
Mid Cap ProFund | 12,732 | 12,529 | ||||||
Mid Cap Value ProFund | 20,655 | 20,762 | ||||||
Nasdaq 100 ProFund | 157,571 | 160,653 | ||||||
Pharmaceuticals UltraSector ProFund | 7,904 | 8,349 | ||||||
Precious Metals UltraSector ProFund | 534,676 | 552,112 | ||||||
Semiconductor UltraSector ProFund | 69,241 | 65,233 | ||||||
Small-Cap ProFund | 13,987 | 14,361 | ||||||
Small-Cap Value ProFund | 57,448 | 58,515 | ||||||
Technology UltraSector ProFund | 42,782 | 43,770 | ||||||
UltraChina ProFund | 266,800 | 306,377 | ||||||
UltraEmerging Markets ProFund | 209,532 | 215,229 | ||||||
UltraLatin America ProFund | 878,325 | 907,960 | ||||||
UltraMid-Cap ProFund | 288,510 | 285,818 | ||||||
UltraNasdaq-100 ProFund | 2,904,241 | 2,946,499 |
* | Collateral received in the form of cash was reinvested in securities operating under Rule 2A-7 of the 1940 Act, as shown in the Collateral for Securities Loaned section of the Schedule of Portfolio Investments. |
348 :: Notes to Financial Statements :: July 31, 2022
Investment Transactions and Related Income
Throughout the reporting period, investment transactions are accounted for no later than one business day following the trade date. For financial reporting purposes, investment transactions are accounted for on trade date on the last business day of the reporting period. Interest income is recognized on an accrual basis and includes, where applicable, the amortization of premium or accretion of discount. Dividend income is recorded on the ex-dividend date except in the case of depositary receipts, in which case dividends are recorded as soon as such information becomes available. Pay-in-kind interest income and non-cash dividend income received in the form of securities in-lieu of cash, if any, are recorded at the fair value of the securities received. Gains or losses realized on sales of securities are determined using the specific identification method by comparing the identified cost of the security lot sold with the net sales proceeds. Gains or losses from class action settlements are recorded when such information becomes known or can be reasonably estimated; for non-recurring class action settlements, this generally occurs with the receipt or payment of cash consistent with the terms of such settlement.
Allocations
Expenses directly attributable to a ProFund are charged to that ProFund, while expenses which are attributable to more than one fund in the Trust, or jointly with an affiliate, are allocated among the respective funds in the Trust and/or affiliate based upon relative net assets or another reasonable basis.
Distributions to Shareholders
Each of the ProFunds (except Access Flex High Yield ProFund, Bitcoin Strategy ProFund, Real Estate UltraSector ProFund, Short Bitcoin Strategy ProFund and U.S. Government Plus ProFund) intends to declare and distribute net investment income at least annually, if any. Access Flex High Yield ProFund, and Real Estate UltraSector ProFund declare and pay dividends from net investment income quarterly, if any. Bitcoin Strategy ProFund and Short Bitcoin Strategy ProFund intend to declare and distribute net investment income monthly, if any, and U.S. Government Plus ProFund declares dividends from net investment income daily and pays dividends on a monthly basis, if any. Net realized capital gains, if any, will be distributed annually.
The amount of distributions from net investment income and net realized gains are determined in accordance with federal income tax regulations which may differ from GAAP. These "book/tax" differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature (e.g., return of capital, net operating loss, distribution reclassification, and equalization), such amounts are reclassified within the composition of net assets based on their federal tax-basis treatment; temporary differences (e.g., wash sales) do not require a reclassification. The ProFunds may utilize equalization accounting for tax purposes and designate earnings and profits, including net realized gains distributed to shareholders on redemption of shares, as a part of the dividends paid deduction for income tax purposes. Distributions which exceed net investment income and net realized capital gains for financial reporting purposes but not for tax purposes are reported as distributions in excess of net investment income or net realized gains. To the extent they exceed net investment income and net realized capital gains for tax purposes, they are reported as distribution of capital.
Federal Income Taxes
Each of the ProFunds intends to continue to qualify each year as a RIC under Subchapter M of the Internal Revenue Code of 1986, as amended. A RIC generally is not subject to federal income tax on income and gains distributed in a timely manner to its shareholders. The ProFunds intend to make timely distributions in order to avoid tax liability. Accordingly, no provision for federal income taxes is required in the financial statements.
The Bear ProFund, Bull ProFund, Europe 30 ProFund, UltraBear ProFund, UltraBull ProFund, UltraJapan ProFund, UltraNasdaq-100 ProFund, and UltraShort Nasdaq-100 ProFund have a calendar tax year end. The remaining ProFunds have a tax year end of October 31st.
Management of the ProFunds has reviewed tax positions taken in tax years that remain subject to examination by all major tax jurisdictions, including federal (i.e., the last four tax year ends and the interim tax period since then, as applicable). Management believes that there is no tax liability resulting from unrecognized tax benefits related to uncertain tax positions taken and the ProFunds are not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.
Other
Expense offsets to custody fees that arise from credits on cash balances maintained on deposit are reflected on the Statement of Operations, as applicable, as "Fees paid indirectly."
3. Investment Valuation Summary
The valuation techniques employed by the ProFunds, described below, maximize the use of observable inputs and minimize the use of unobservable inputs in determining fair value. These valuation techniques distinguish between market participant assumptions developed based on market data obtained from sources independent of the ProFunds (observable inputs) and the ProFunds' own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The inputs used for valuing the ProFunds' investments are summarized in the three broad levels listed below:
Level 1 –quoted prices in active markets for identical assets
Level 2 –other significant observable inputs (including quoted prices for similar securities, interest rates, prepayments speeds, credit risk, etc.)
Level 3 –significant unobservable inputs (including the ProFunds' own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those investments. For example, repurchase agreements are generally valued at amortized cost. Generally, amortized cost approximates the current fair value of a security, but since the valuation is not obtained from a quoted price in an active market, such securities are reflected as Level 2. Fair value measurements
July 31, 2022 :: Notes to Financial Statements :: 349
may also require additional disclosure when the volume and level of activity for the asset or liability have significantly decreased, as well as when circumstances indicate that a transaction is not orderly. Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
Security prices are generally valued at their market value using information provided by a third party pricing service or market quotations or other procedures approved by the Trust's Board of Trustees. The securities in the portfolio of a non-money market ProFund, except as otherwise noted, that are listed or traded on a stock exchange or the Nasdaq National Market System ("Nasdaq/NMS"), are valued at the official closing price, if available, or the last sale price, on the exchange or system where the security is principally traded. If there have been no sales for that day on the exchange or system where the security is principally traded, then the value may be determined with reference to the last sale price, or the official closing price, if applicable, on any other exchange or system. In each of these situations, valuations are typically categorized as a Level 1 in the fair value hierarchy. If there have been no sales for that day on any exchange or system, the security will be valued using fair value procedures in accordance with procedures approved by the Trust's Board of Trustees as described below.
Securities regularly traded in the OTC markets, including securities listed on an exchange, but that are primarily traded OTC other than those traded on the Nasdaq/NMS, are generally valued on the basis of the mean between the bid and asked quotes furnished by dealers actively trading those instruments. Fixed-income securities are generally valued according to prices as furnished by an independent pricing service, generally at the mean of the bid and asked quotes for those instruments. Short-term fixed-income securities maturing in sixty days or less, and of sufficient credit quality, may be valued at amortized cost, which approximates market value. Under the amortized cost method, premium or discount, if any, is amortized or accreted, respectively, on a constant basis to the maturity of the security. In each of these situations, valuations are typically categorized as Level 2 in the fair value hierarchy.
Derivatives are generally valued using independent pricing services and/or agreements with counterparties or other procedures approved by the Trust's Board of Trustees. Futures contracts are generally valued at their last sale price prior to the time at which the net asset value per share of a ProFund is determined and are typically categorized as Level 1 in the fair value hierarchy. Swap agreements are generally valued using independent sources and/or agreements with counterparties. Forward currency contracts are valued at their quoted daily prices obtained from an independent pricing service. These valuations are typically categorized as Level 2 in the fair value hierarchy. If there was no sale on that day, fair valuation procedures as described below may be applied.
When the Advisor determines that the market price of a security is not readily available or deemed unreliable (e.g., an approved pricing service does not provide a price, a furnished price is in error, certain stale prices, or an event occurs that materially affects the furnished price), it may in good faith establish a fair value for that security in accordance with procedures established by and under the general supervision and responsibility of the Trust's Board of Trustees. Fair value pricing may require subjective determinations about the value of a security. While the Trust's policy is intended to result in a calculation of a ProFund's NAV that fairly reflects security values as of the time of pricing, the Trust cannot ensure that fair values determined by the Advisor or persons acting at their direction would accurately reflect the price that a ProFund could obtain for a security if it were to dispose of that security as of the time of pricing (for instance, in a forced or distressed sale). The prices used by a ProFund may differ from the value that would be realized if the securities were sold and the differences could be material to the financial statements. Depending on the source and relative significance of valuation inputs, these instruments may be classified as Level 2 or Level 3 in the fair value hierarchy.
For the year ended July 31, 2022, there were no Level 3 investments for which significant unobservable inputs were used to determine fair value, nor were there any transfers in or out of Level 3 investments for the year.
A summary of the valuations as of July 31, 2022, based upon the three levels defined above, is included in the table below while the breakdown, by category, of equity securities is disclosed on the Schedule of Portfolio Investments for each ProFund:
LEVEL 1 - Quoted Prices | LEVEL 2 - Other Significant Observable Inputs | Total | ||||||||||||||||||||||
Investment Securities | Other Financial Instruments^ | Investment Securities | Other Financial Instruments^ | Investment Securities | Other Financial Instruments^ | |||||||||||||||||||
Access Flex Bear High Yield ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 1,781,000 | $ | — | $ | 1,781,000 | $ | — | ||||||||||||
Futures Contracts | — | (14,465 | ) | — | — | — | (14,465 | ) | ||||||||||||||||
Credit Default Swap Agreements | — | — | — | (47 | ) | — | (47 | ) | ||||||||||||||||
Total | $ | — | $ | (14,465 | ) | $ | 1,781,000 | $ | (47 | ) | $ | 1,781,000 | $ | (14,512 | ) | |||||||||
Access Flex High Yield ProFund | ||||||||||||||||||||||||
U.S. Treasury Obligation | $ | — | $ | — | $ | 7,641,375 | $ | — | $ | 7,641,375 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 4,123,000 | — | 4,123,000 | — | ||||||||||||||||||
Futures Contracts | — | 7,788 | — | — | — | 7,788 | ||||||||||||||||||
Credit Default Swap Agreements | — | — | — | (95,337 | ) | — | (95,337 | ) | ||||||||||||||||
Total | $ | — | $ | 7,788 | $ | 11,764,375 | $ | (95,337 | ) | $ | 11,764,375 | $ | (87,549 | ) |
350 :: Notes to Financial Statements :: July 31, 2022
LEVEL 1 - Quoted Prices | LEVEL 2 - Other Significant Observable Inputs | Total | ||||||||||||||||||||||
Investment Securities | Other Financial Instruments^ | Investment Securities | Other Financial Instruments^ | Investment Securities | Other Financial Instruments^ | |||||||||||||||||||
Banks UltraSector ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 6,692,169 | $ | — | $ | — | $ | — | $ | 6,692,169 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 1,489,000 | — | 1,489,000 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 37,626 | — | 37,626 | ||||||||||||||||||
Total | $ | 6,692,169 | $ | — | $ | 1,489,000 | $ | 37,626 | $ | 8,181,169 | $ | 37,626 | ||||||||||||
Basic Materials UltraSector ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 4,000,248 | $ | — | $ | — | $ | — | $ | 4,000,248 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 908,000 | — | 908,000 | — | ||||||||||||||||||
Collateral for Securities Loaned | 14,412 | — | — | — | 14,412 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 158,128 | — | 158,128 | ||||||||||||||||||
Total | $ | 4,014,660 | $ | — | $ | 908,000 | $ | 158,128 | $ | 4,922,660 | $ | 158,128 | ||||||||||||
Bear ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 13,021,000 | $ | — | $ | 13,021,000 | $ | — | ||||||||||||
Futures Contracts | — | (121,143 | ) | — | — | — | (121,143 | ) | ||||||||||||||||
Swap Agreements | — | — | — | (295,860 | ) | — | (295,860 | ) | ||||||||||||||||
Total | $ | — | $ | (121,143 | ) | $ | 13,021,000 | $ | (295,860 | ) | $ | 13,021,000 | $ | (417,003 | ) | |||||||||
Biotechnology UltraSector ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 94,053,072 | $ | — | $ | — | $ | — | $ | 94,053,072 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 29,206,000 | — | 29,206,000 | — | ||||||||||||||||||
Collateral for Securities Loaned | 71,844 | — | — | — | 71,844 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 951,771 | — | 951,771 | ||||||||||||||||||
Total | $ | 94,124,916 | $ | — | $ | 29,206,000 | $ | 951,771 | $ | 123,330,916 | $ | 951,771 | ||||||||||||
Bitcoin Strategy ProFund | ||||||||||||||||||||||||
U.S. Treasury Obligation | $ | — | $ | — | $ | 15,984,208 | $ | — | $ | 15,984,208 | $ | — | ||||||||||||
Futures Contracts | — | 1,735,572 | — | — | — | 1,735,572 | ||||||||||||||||||
Total | $ | — | $ | 1,735,572 | $ | 15,984,208 | $ | — | $ | 15,984,208 | $ | 1,735,572 | ||||||||||||
Bull ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 31,797,757 | $ | — | $ | — | $ | — | $ | 31,797,757 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 11,192,000 | — | 11,192,000 | — | ||||||||||||||||||
Futures Contracts | — | 89,558 | — | — | — | 89,558 | ||||||||||||||||||
Swap Agreements | — | — | — | 263,189 | — | 263,189 | ||||||||||||||||||
Total | $ | 31,797,757 | $ | 89,558 | $ | 11,192,000 | $ | 263,189 | $ | 42,989,757 | $ | 352,747 | ||||||||||||
Communication Services UltraSector ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 3,618,415 | $ | — | $ | — | $ | — | $ | 3,618,415 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 1,080,000 | — | 1,080,000 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 26,111 | — | 26,111 | ||||||||||||||||||
Total | $ | 3,618,415 | $ | — | $ | 1,080,000 | $ | 26,111 | $ | 4,698,415 | $ | 26,111 | ||||||||||||
Consumer Goods UltraSector ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 3,146,426 | $ | — | $ | — | $ | — | $ | 3,146,426 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 911,000 | — | 911,000 | — | ||||||||||||||||||
Collateral for Securities Loaned | 11,636 | — | — | — | 11,636 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 110,368 | — | 110,368 | ||||||||||||||||||
Total | $ | 3,158,062 | $ | — | $ | 911,000 | $ | 110,368 | $ | 4,069,062 | $ | 110,368 | ||||||||||||
Consumer Services UltraSector ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 24,163,664 | $ | — | $ | — | $ | — | $ | 24,163,664 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 6,248,000 | — | 6,248,000 | — | ||||||||||||||||||
Collateral for Securities Loaned | 163,426 | — | — | — | 163,426 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 665,164 | — | 665,164 | ||||||||||||||||||
Total | $ | 24,327,090 | $ | — | $ | 6,248,000 | $ | 665,164 | $ | 30,575,090 | $ | 665,164 | ||||||||||||
Europe 30 ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 4,729,432 | $ | — | $ | — | $ | — | $ | 4,729,432 | $ | — | ||||||||||||
Collateral for Securities Loaned | 667,402 | — | — | — | 667,402 | — | ||||||||||||||||||
Total | $ | 5,396,834 | $ | — | $ | — | $ | — | $ | 5,396,834 | $ | — |
July 31, 2022 :: Notes to Financial Statements :: 351
LEVEL 1 - Quoted Prices | LEVEL 2 - Other Significant Observable Inputs | Total | ||||||||||||||||||||||
Investment Securities | Other Financial Instruments^ | Investment Securities | Other Financial Instruments^ | Investment Securities | Other Financial Instruments^ | |||||||||||||||||||
Falling U.S. Dollar ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 734,000 | $ | — | $ | 734,000 | $ | — | ||||||||||||
Forward Currency Contracts | — | — | — | 9,628 | — | 9,628 | ||||||||||||||||||
Total | $ | — | $ | — | $ | 734,000 | $ | 9,628 | $ | 734,000 | $ | 9,628 | ||||||||||||
Financials UltraSector ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 4,145,653 | $ | — | $ | — | $ | — | $ | 4,145,653 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 1,370,000 | — | 1,370,000 | — | ||||||||||||||||||
Collateral for Securities Loaned | 4,836 | — | — | — | 4,836 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 111,943 | — | 111,943 | ||||||||||||||||||
Total | $ | 4,150,489 | $ | — | $ | 1,370,000 | $ | 111,943 | $ | 5,520,489 | $ | 111,943 | ||||||||||||
Health Care UltraSector ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 13,646,988 | $ | — | $ | — | $ | — | $ | 13,646,988 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 4,024,000 | — | 4,024,000 | — | ||||||||||||||||||
Collateral for Securities Loaned | 25,129 | — | — | — | 25,129 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 176,548 | — | 176,548 | ||||||||||||||||||
Total | $ | 13,672,117 | $ | — | $ | 4,024,000 | $ | 176,548 | $ | 17,696,117 | $ | 176,548 | ||||||||||||
Industrials UltraSector ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 2,475,640 | $ | — | $ | — | $ | — | $ | 2,475,640 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 1,013,000 | — | 1,013,000 | — | ||||||||||||||||||
Collateral for Securities Loaned | 1,954 | — | — | — | 1,954 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 151,222 | — | 151,222 | ||||||||||||||||||
Total | $ | 2,477,594 | $ | — | $ | 1,013,000 | $ | 151,222 | $ | 3,490,594 | $ | 151,222 | ||||||||||||
Internet UltraSector ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 59,067,369 | $ | — | $ | — | $ | — | $ | 59,067,369 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 19,186,000 | — | 19,186,000 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 2,354,378 | — | 2,354,378 | ||||||||||||||||||
Total | $ | 59,067,369 | $ | — | $ | 19,186,000 | $ | 2,354,378 | $ | 78,253,369 | $ | 2,354,378 | ||||||||||||
Large-Cap Growth ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 12,275,494 | $ | — | $ | — | $ | — | $ | 12,275,494 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 3,000 | — | 3,000 | — | ||||||||||||||||||
Total | $ | 12,275,494 | $ | — | $ | 3,000 | $ | — | $ | 12,278,494 | $ | — | ||||||||||||
Large-Cap Value ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 20,024,414 | $ | — | $ | — | $ | — | $ | 20,024,414 | $ | — | ||||||||||||
Total | $ | 20,024,414 | $ | — | $ | — | $ | — | $ | 20,024,414 | $ | — | ||||||||||||
Mid-Cap Growth ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 3,253,397 | $ | — | $ | — | $ | — | $ | 3,253,397 | $ | — | ||||||||||||
Collateral for Securities Loaned | 29,102 | — | — | — | 29,102 | — | ||||||||||||||||||
Total | $ | 3,282,499 | $ | — | $ | — | $ | — | $ | 3,282,499 | $ | — | ||||||||||||
Mid-Cap ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 2,546,747 | $ | — | $ | — | $ | — | $ | 2,546,747 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 1,193,000 | — | 1,193,000 | — | ||||||||||||||||||
Collateral for Securities Loaned | 12,529 | — | — | — | 12,529 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 34,836 | — | 34,836 | ||||||||||||||||||
Total | $ | 2,559,276 | $ | — | $ | 1,193,000 | $ | 34,836 | $ | 3,752,276 | $ | 34,836 | ||||||||||||
Mid-Cap Value ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 22,280,124 | $ | — | $ | — | $ | — | $ | 22,280,124 | $ | — | ||||||||||||
Collateral for Securities Loaned | 20,762 | — | — | — | 20,762 | — | ||||||||||||||||||
Total | $ | 22,300,886 | $ | — | $ | — | $ | — | $ | 22,300,886 | $ | — |
352 :: Notes to Financial Statements :: July 31, 2022
LEVEL 1 - Quoted Prices | LEVEL 2 - Other Significant Observable Inputs | Total | ||||||||||||||||||||||
Investment Securities | Other Financial Instruments^ | Investment Securities | Other Financial Instruments^ | Investment Securities | Other Financial Instruments^ | |||||||||||||||||||
Nasdaq-100 ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 33,125,490 | $ | — | $ | — | $ | — | $ | 33,125,490 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 23,374,000 | — | 23,374,000 | — | ||||||||||||||||||
Collateral for Securities Loaned | 160,653 | — | — | — | 160,653 | — | ||||||||||||||||||
Futures Contracts | — | 250,916 | — | — | — | 250,916 | ||||||||||||||||||
Swap Agreements | — | — | — | 538,298 | — | 538,298 | ||||||||||||||||||
Total | $ | 33,286,143 | $ | 250,916 | $ | 23,374,000 | $ | 538,298 | $ | 56,660,143 | $ | 789,214 | ||||||||||||
Oil & Gas UltraSector ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 34,244,169 | $ | — | $ | — | $ | — | $ | 34,244,169 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 8,033,000 | — | 8,033,000 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 1,902,546 | — | 1,902,546 | ||||||||||||||||||
Total | $ | 34,244,169 | $ | — | $ | 8,033,000 | $ | 1,902,546 | $ | 42,277,169 | $ | 1,902,546 | ||||||||||||
Oil Equipment & Services UltraSector ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 11,978,582 | $ | — | $ | — | $ | — | $ | 11,978,582 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 2,665,000 | — | 2,665,000 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 773,970 | — | 773,970 | ||||||||||||||||||
Total | $ | 11,978,582 | $ | — | $ | 2,665,000 | $ | 773,970 | $ | 14,643,582 | $ | 773,970 | ||||||||||||
Pharmaceuticals UltraSector ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 3,512,042 | $ | — | $ | — | $ | — | $ | 3,512,042 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 875,000 | — | 875,000 | — | ||||||||||||||||||
Collateral for Securities Loaned | 8,349 | — | — | — | 8,349 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 4,286 | — | 4,286 | ||||||||||||||||||
Total | $ | 3,520,391 | $ | — | $ | 875,000 | $ | 4,286 | $ | 4,395,391 | $ | 4,286 | ||||||||||||
Precious Metals UltraSector ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 13,967,720 | $ | — | $ | — | $ | — | $ | 13,967,720 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 5,002,000 | — | 5,002,000 | — | ||||||||||||||||||
Collateral for Securities Loaned | 552,112 | — | — | — | 552,112 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 828,131 | — | 828,131 | ||||||||||||||||||
Total | $ | 14,519,832 | $ | — | $ | 5,002,000 | $ | 828,131 | $ | 19,521,832 | $ | 828,131 | ||||||||||||
Real Estate UltraSector ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 5,360,268 | $ | — | $ | — | $ | — | $ | 5,360,268 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 1,769,000 | — | 1,769,000 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 254,501 | — | 254,501 | ||||||||||||||||||
Total | $ | 5,360,268 | $ | — | $ | 1,769,000 | $ | 254,501 | $ | 7,129,268 | $ | 254,501 | ||||||||||||
Rising Rates Opportunity ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 41,181,000 | $ | — | $ | 41,181,000 | $ | — | ||||||||||||
Swap Agreements | — | — | — | (524,134 | ) | — | (524,134 | ) | ||||||||||||||||
Total | $ | — | $ | — | $ | 41,181,000 | $ | (524,134 | ) | $ | 41,181,000 | $ | (524,134 | ) | ||||||||||
Rising Rates Opportunity 10 ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 3,806,000 | $ | — | $ | 3,806,000 | $ | — | ||||||||||||
Swap Agreements | — | — | — | (122,537 | ) | — | (122,537 | ) | ||||||||||||||||
Total | $ | — | $ | — | $ | 3,806,000 | $ | (122,537 | ) | $ | 3,806,000 | $ | (122,537 | ) | ||||||||||
Rising U.S. Dollar ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 47,846,000 | $ | — | $ | 47,846,000 | $ | — | ||||||||||||
Forward Currency Contracts | — | — | — | (603,929 | ) | — | (603,929 | ) | ||||||||||||||||
Total | $ | — | $ | — | $ | 47,846,000 | $ | (603,929 | ) | $ | 47,846,000 | $ | (603,929 | ) | ||||||||||
Semiconductor UltraSector ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 51,653,169 | $ | — | $ | — | $ | — | $ | 51,653,169 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 14,418,000 | — | 14,418,000 | — | ||||||||||||||||||
Collateral for Securities Loaned | 65,233 | — | — | — | 65,233 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 2,268,833 | — | 2,268,833 | ||||||||||||||||||
Total | $ | 51,718,402 | $ | — | $ | 14,418,000 | $ | 2,268,833 | $ | 66,136,402 | $ | 2,268,833 |
July 31, 2022 :: Notes to Financial Statements :: 353
LEVEL 1 - Quoted Prices | LEVEL 2 - Other Significant Observable Inputs | Total | ||||||||||||||||||||||
Investment Securities | Other Financial Instruments^ | Investment Securities | Other Financial Instruments^ | Investment Securities | Other Financial Instruments^ | |||||||||||||||||||
Short Bitcoin Strategy ProFund | ||||||||||||||||||||||||
U.S. Treasury Obligation | $ | — | $ | — | $ | 399,605 | $ | — | $ | 399,605 | $ | — | ||||||||||||
Futures Contracts | — | (1,054 | ) | — | — | — | (1,054 | ) | ||||||||||||||||
Total | $ | — | $ | (1,054 | ) | $ | 399,605 | $ | — | $ | 399,605 | $ | (1,054 | ) | ||||||||||
Short Nasdaq-100 ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 79,333,000 | $ | — | $ | 79,333,000 | $ | — | ||||||||||||
Futures Contracts | — | (168,772 | ) | — | — | — | (168,772 | ) | ||||||||||||||||
Swap Agreements | — | — | — | (2,098,802 | ) | — | (2,098,802 | ) | ||||||||||||||||
Total | $ | — | $ | (168,772 | ) | $ | 79,333,000 | $ | (2,098,802 | ) | $ | 79,333,000 | $ | (2,267,574 | ) | |||||||||
Short Oil & Gas ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 3,015,000 | $ | — | $ | 3,015,000 | $ | — | ||||||||||||
Swap Agreements | — | — | — | (199,884 | ) | — | (199,884 | ) | ||||||||||||||||
Total | $ | — | $ | — | $ | 3,015,000 | $ | (199,884 | ) | $ | 3,015,000 | $ | (199,884 | ) | ||||||||||
Short Precious Metals ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 1,968,000 | $ | — | $ | 1,968,000 | $ | — | ||||||||||||
Swap Agreements | — | — | — | (260,173 | ) | — | (260,173 | ) | ||||||||||||||||
Total | $ | — | $ | — | $ | 1,968,000 | $ | (260,173 | ) | $ | 1,968,000 | $ | (260,173 | ) | ||||||||||
Short Real Estate ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 2,088,000 | $ | — | $ | 2,088,000 | $ | — | ||||||||||||
Swap Agreements | — | — | — | (101,850 | ) | — | (101,850 | ) | ||||||||||||||||
Total | $ | — | $ | — | $ | 2,088,000 | $ | (101,850 | ) | $ | 2,088,000 | $ | (101,850 | ) | ||||||||||
Short Small-Cap ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 1,669,000 | $ | — | $ | 1,669,000 | $ | — | ||||||||||||
Futures Contracts | — | (21,044 | ) | — | — | — | (21,044 | ) | ||||||||||||||||
Swap Agreements | — | — | — | (27,636 | ) | — | (27,636 | ) | ||||||||||||||||
Total | $ | — | $ | (21,044 | ) | $ | 1,669,000 | $ | (27,636 | ) | $ | 1,669,000 | $ | (48,680 | ) | |||||||||
Small-Cap Growth ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 10,790,093 | $ | — | $ | — | $ | — | $ | 10,790,093 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 31,000 | — | 31,000 | — | ||||||||||||||||||
Total | $ | 10,790,093 | $ | — | $ | 31,000 | $ | — | $ | 10,821,093 | $ | — | ||||||||||||
Small-Cap ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 1,909,195 | $ | — | $ | — | $ | — | $ | 1,909,195 | $ | — | ||||||||||||
Right | — | — | 27 | — | 27 | — | ||||||||||||||||||
Trust* | — | — | — | — | — | — | ||||||||||||||||||
Repurchase Agreements | — | — | 1,053,000 | — | 1,053,000 | — | ||||||||||||||||||
Collateral for Securities Loaned | 14,361 | — | — | — | 14,361 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 20,498 | — | 20,498 | ||||||||||||||||||
Total | $ | 1,923,556 | $ | — | $ | 1,053,027 | $ | 20,498 | $ | 2,976,583 | $ | 20,498 | ||||||||||||
Small-Cap Value ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 9,191,806 | $ | — | $ | — | $ | — | $ | 9,191,806 | $ | — | ||||||||||||
Collateral for Securities Loaned | 58,515 | — | — | — | 58,515 | — | ||||||||||||||||||
Total | $ | 9,250,321 | $ | — | $ | — | $ | — | $ | 9,250,321 | $ | — | ||||||||||||
Technology UltraSector ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 36,766,682 | $ | — | $ | — | $ | — | $ | 36,766,682 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 9,164,000 | — | 9,164,000 | — | ||||||||||||||||||
Collateral for Securities Loaned | 43,770 | — | — | — | 43,770 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 2,028,757 | — | 2,028,757 | ||||||||||||||||||
Total | $ | 36,810,452 | $ | — | $ | 9,164,000 | $ | 2,028,757 | $ | 45,974,452 | $ | 2,028,757 |
354 :: Notes to Financial Statements :: July 31, 2022
LEVEL 1 - Quoted Prices | LEVEL 2 - Other Significant Observable Inputs | Total | ||||||||||||||||||||||
Investment Securities | Other Financial Instruments^ | Investment Securities | Other Financial Instruments^ | Investment Securities | Other Financial Instruments^ | |||||||||||||||||||
Telecommunications UltraSector ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 598,073 | $ | — | $ | — | $ | — | $ | 598,073 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 184,000 | — | 184,000 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 20,933 | — | 20,933 | ||||||||||||||||||
Total | $ | 598,073 | $ | — | $ | 184,000 | $ | 20,933 | $ | 782,073 | $ | 20,933 | ||||||||||||
UltraBear ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 10,736,000 | $ | — | $ | 10,736,000 | $ | — | ||||||||||||
Futures Contracts | — | (40,381 | ) | — | — | — | (40,381 | ) | ||||||||||||||||
Swap Agreements | — | — | — | (559,465 | ) | — | (559,465 | ) | ||||||||||||||||
Total | $ | — | $ | (40,381 | ) | $ | 10,736,000 | $ | (559,465 | ) | $ | 10,736,000 | $ | (599,846 | ) | |||||||||
UltraBull ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 69,185,916 | $ | — | $ | — | $ | — | $ | 69,185,916 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 30,478,000 | — | 30,478,000 | — | ||||||||||||||||||
Futures Contracts | — | (5,467 | ) | — | — | — | (5,467 | ) | ||||||||||||||||
Swap Agreements | — | — | — | 3,465,960 | — | 3,465,960 | ||||||||||||||||||
Total | $ | 69,185,916 | $ | (5,467 | ) | $ | 30,478,000 | $ | 3,465,960 | $ | 99,663,916 | $ | 3,460,493 | |||||||||||
UltraChina ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 14,397,890 | $ | — | $ | — | $ | — | $ | 14,397,890 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 2,277,000 | — | 2,277,000 | — | ||||||||||||||||||
Collateral for Securities Loaned | 306,377 | — | — | — | 306,377 | — | ||||||||||||||||||
Swap Agreements | — | — | — | (1,222,585 | ) | — | (1,222,585 | ) | ||||||||||||||||
Total | $ | 14,704,267 | $ | — | $ | 2,277,000 | $ | (1,222,585 | ) | $ | 16,981,267 | $ | (1,222,585 | ) | ||||||||||
UltraDow 30 ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 23,318,708 | $ | — | $ | — | $ | — | $ | 23,318,708 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 8,574,000 | — | 8,574,000 | — | ||||||||||||||||||
Futures Contracts | — | (24,714 | ) | — | — | — | (24,714 | ) | ||||||||||||||||
Swap Agreements | — | — | — | 735,900 | — | 735,900 | ||||||||||||||||||
Total | $ | 23,318,708 | $ | (24,714 | ) | $ | 8,574,000 | $ | 735,900 | $ | 31,892,708 | $ | 711,186 | |||||||||||
UltraEmerging Markets ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 4,783,776 | $ | — | $ | — | $ | — | $ | 4,783,776 | $ | — | ||||||||||||
Preferred Stock | 89,231 | — | — | — | 89,231 | — | ||||||||||||||||||
Repurchase Agreements | — | — | 904,000 | — | 904,000 | — | ||||||||||||||||||
Collateral for Securities Loaned | 215,229 | — | — | — | 215,229 | — | ||||||||||||||||||
Swap Agreements | — | — | — | (33,148 | ) | — | (33,148 | ) | ||||||||||||||||
Total | $ | 5,088,236 | $ | — | $ | 904,000 | $ | (33,148 | ) | $ | 5,992,236 | $ | (33,148 | ) | ||||||||||
UltraInternational ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 2,285,000 | $ | — | $ | 2,285,000 | $ | — | ||||||||||||
Swap Agreements | — | — | — | 92,159 | — | 92,159 | ||||||||||||||||||
Total | $ | — | $ | — | $ | 2,285,000 | $ | 92,159 | $ | 2,285,000 | $ | 92,159 | ||||||||||||
UltraJapan ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 11,411,000 | $ | — | $ | 11,411,000 | $ | — | ||||||||||||
Futures Contracts | — | 476,907 | — | — | — | 476,907 | ||||||||||||||||||
Swap Agreement | — | — | — | (494 | ) | — | (494 | ) | ||||||||||||||||
Total | $ | — | $ | 476,907 | $ | 11,411,000 | $ | (494 | ) | $ | 11,411,000 | $ | 476,413 | |||||||||||
UltraLatin America ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 7,192,835 | $ | — | $ | — | $ | — | $ | 7,192,835 | $ | — | ||||||||||||
Preferred Stock | 537,398 | — | — | — | 537,398 | — | ||||||||||||||||||
Repurchase Agreements | — | — | 1,768,000 | — | 1,768,000 | — | ||||||||||||||||||
Collateral for Securities Loaned | 907,960 | — | — | — | 907,960 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 265,977 | — | 265,977 | ||||||||||||||||||
Total | $ | 8,638,193 | $ | — | $ | 1,768,000 | $ | 265,977 | $ | 10,406,193 | $ | 265,977 |
July 31, 2022 :: Notes to Financial Statements :: 355
LEVEL 1 - Quoted Prices | LEVEL 2 - Other Significant Observable Inputs | Total | ||||||||||||||||||||||
Investment Securities | Other Financial Instruments^ | Investment Securities | Other Financial Instruments^ | Investment Securities | Other Financial Instruments^ | |||||||||||||||||||
UltraMid-Cap ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 30,829,370 | $ | — | $ | — | $ | — | $ | 30,829,370 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 11,952,000 | — | 11,952,000 | — | ||||||||||||||||||
Collateral for Securities Loaned | 285,818 | — | — | — | 285,818 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 1,584,479 | — | 1,584,479 | ||||||||||||||||||
Total | $ | 31,115,188 | $ | — | $ | 11,952,000 | $ | 1,584,479 | $ | 43,067,188 | $ | 1,584,479 | ||||||||||||
UltraNasdaq-100 ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 410,812,961 | $ | — | $ | — | $ | — | $ | 410,812,961 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 153,077,000 | — | 153,077,000 | — | ||||||||||||||||||
Collateral for Securities Loaned | 2,946,499 | — | — | — | 2,946,499 | — | ||||||||||||||||||
Futures Contracts | — | 265,938 | — | — | — | 265,938 | ||||||||||||||||||
Swap Agreements | — | — | — | 19,378,335 | — | 19,378,335 | ||||||||||||||||||
Total | $ | 413,759,460 | $ | 265,938 | $ | 153,077,000 | $ | 19,378,335 | $ | 566,836,460 | $ | 19,644,273 | ||||||||||||
UltraShort China ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 1,112,000 | $ | — | $ | 1,112,000 | $ | — | ||||||||||||
Swap Agreements | — | — | — | 130,530 | — | 130,530 | ||||||||||||||||||
Total | $ | — | $ | — | $ | 1,112,000 | $ | 130,530 | $ | 1,112,000 | $ | 130,530 | ||||||||||||
UltraShort Dow 30 ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 2,789,000 | $ | — | $ | 2,789,000 | $ | — | ||||||||||||
Swap Agreements | — | — | — | (110,685 | ) | — | (110,685 | ) | ||||||||||||||||
Total | $ | — | $ | — | $ | 2,789,000 | $ | (110,685 | ) | $ | 2,789,000 | $ | (110,685 | ) | ||||||||||
UltraShort Emerging Markets ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 1,184,000 | $ | — | $ | 1,184,000 | $ | — | ||||||||||||
Swap Agreements | — | — | — | 9,673 | — | 9,673 | ||||||||||||||||||
Total | $ | — | $ | — | $ | 1,184,000 | $ | 9,673 | $ | 1,184,000 | $ | 9,673 | ||||||||||||
UltraShort International ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 2,684,000 | $ | — | $ | 2,684,000 | $ | — | ||||||||||||
Swap Agreements | — | — | — | (107,253 | ) | — | (107,253 | ) | ||||||||||||||||
Total | $ | — | $ | — | $ | 2,684,000 | $ | (107,253 | ) | $ | 2,684,000 | $ | (107,253 | ) | ||||||||||
UltraShort Japan ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 175,000 | $ | — | $ | 175,000 | $ | — | ||||||||||||
Futures Contracts | — | (1,978 | ) | — | — | — | (1,978 | ) | ||||||||||||||||
Swap Agreement | — | — | — | 420 | — | 420 | ||||||||||||||||||
Total | $ | — | $ | (1,978 | ) | $ | 175,000 | $ | 420 | $ | 175,000 | $ | (1,558 | ) | ||||||||||
UltraShort Latin America ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 1,827,000 | $ | — | $ | 1,827,000 | $ | — | ||||||||||||
Swap Agreements | — | — | — | (94,206 | ) | — | (94,206 | ) | ||||||||||||||||
Total | $ | — | $ | — | $ | 1,827,000 | $ | (94,206 | ) | $ | 1,827,000 | $ | (94,206 | ) | ||||||||||
UltraShort Mid-Cap ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 1,564,000 | $ | — | $ | 1,564,000 | $ | — | ||||||||||||
Futures Contracts | — | 5,108 | — | — | — | 5,108 | ||||||||||||||||||
Swap Agreements | — | — | — | (76,700 | ) | — | (76,700 | ) | ||||||||||||||||
Total | $ | — | $ | 5,108 | $ | 1,564,000 | $ | (76,700 | ) | $ | 1,564,000 | $ | (71,592 | ) | ||||||||||
UltraShort Nasdaq-100 ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 107,449,000 | $ | — | $ | 107,449,000 | $ | — | ||||||||||||
Futures Contracts | — | (185,650 | ) | — | — | — | (185,650 | ) | ||||||||||||||||
Swap Agreements | — | — | — | (5,891,326 | ) | — | (5,891,326 | ) | ||||||||||||||||
Total | $ | — | $ | (185,650 | ) | $ | 107,449,000 | $ | (5,891,326 | ) | $ | 107,449,000 | $ | (6,076,976 | ) | |||||||||
UltraShort Small-Cap ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 4,832,000 | $ | — | $ | 4,832,000 | $ | — | ||||||||||||
Swap Agreements | — | — | — | (180,196 | ) | — | (180,196 | ) | ||||||||||||||||
Total | $ | — | $ | — | $ | 4,832,000 | $ | (180,196 | ) | $ | 4,832,000 | $ | (180,196 | ) |
356 :: Notes to Financial Statements :: July 31, 2022
LEVEL 1 - Quoted Prices | LEVEL 2 - Other Significant Observable Inputs | Total | ||||||||||||||||||||||
Investment Securities | Other Financial Instruments^ | Investment Securities | Other Financial Instruments^ | Investment Securities | Other Financial Instruments^ | |||||||||||||||||||
UltraSmall-Cap ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 35,315,449 | $ | — | $ | — | $ | — | $ | 35,315,449 | $ | — | ||||||||||||
Right | — | — | 866 | — | 866 | — | ||||||||||||||||||
Trust* | — | — | — | — | — | — | ||||||||||||||||||
Repurchase Agreements | — | — | 15,970,000 | — | 15,970,000 | — | ||||||||||||||||||
Futures Contracts | — | (168,937 | ) | — | — | — | (168,937 | ) | ||||||||||||||||
Swap Agreements | — | — | — | 1,188,044 | — | 1,188,044 | ||||||||||||||||||
Total | $ | 35,315,449 | $ | (168,937 | ) | $ | 15,970,866 | $ | 1,188,044 | $ | 51,286,315 | $ | 1,019,107 | |||||||||||
U.S. Government Plus ProFund | ||||||||||||||||||||||||
Repurchase Agreements | $ | — | $ | — | $ | 14,928,000 | $ | — | $ | 14,928,000 | $ | — | ||||||||||||
Swap Agreements | — | — | — | 163,629 | — | 163,629 | ||||||||||||||||||
Total | $ | — | $ | — | $ | 14,928,000 | $ | 163,629 | $ | 14,928,000 | $ | 163,629 | ||||||||||||
Utilities UltraSector ProFund | ||||||||||||||||||||||||
Common Stocks | $ | 9,583,657 | $ | — | $ | — | $ | — | $ | 9,583,657 | $ | — | ||||||||||||
Repurchase Agreements | — | — | 2,944,000 | — | 2,944,000 | — | ||||||||||||||||||
Swap Agreements | — | — | — | 462,067 | — | 462,067 | ||||||||||||||||||
Total | $ | 9,583,657 | $ | — | $ | 2,944,000 | $ | 462,067 | $ | 12,527,657 | $ | 462,067 |
^ | Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward currency contracts and swap agreements (including credit default swap agreements). These instruments are generally recorded in the financial statements at the unrealized appreciation/(depreciation) on the investment. |
* | Ferroglobe Representation and Warranty Insurance trust was valued at $0 and categorized as Level 2 within the fair value hierarchy. |
4. Fees and Transactions with Affiliates and Other Parties
The ProFunds have entered into an Investment Advisory Agreement with the Advisor. Under this agreement, the ProFunds (excluding Bitcoin Strategy ProFund, Nasdaq-100 ProFund, Short Bitcoin Strategy ProFund, UltraJapan ProFund, UltraShort Japan ProFund and U.S. Government Plus ProFund) each pay the Advisor a fee at an annualized rate of 0.75% of the average daily net assets of each respective ProFund. The Bitcoin Strategy ProFund, Nasdaq-100 ProFund, Short Bitcoin Strategy ProFund, UltraJapan ProFund, UltraShort Japan ProFund and U.S. Government Plus ProFund pay the Advisor a fee at an annualized rate of 0.45%, 0.70%, 0.45%, 0.90%, 0.90% and 0.50%, respectively, of their average daily net assets.
The Advisor has assumed the responsibility for payment of the Short Bitcoin Strategy ProFund's organizational and offering costs and will not seek reimbursement from the ProFund with respect to these organizational and offering costs.
In addition, subject to the condition that the aggregate daily net assets of the Trust be equal to or greater than $10 billion, the Advisor has agreed to the following fee reductions with respect to each individual ProFund: 0.025% of the ProFund's daily net assets in excess of $500 million to $1 billion, 0.05% of the ProFund's daily net assets in excess of $1 billion to $2 billion, and 0.075% of the ProFunds net assets in excess of $2 billion. During the year ended July 31, 2022, no ProFund's annual investment advisory fee was subject to such reductions.
Citi Fund Services Ohio, Inc. ("Citi") acts as the Trust's administrator (the "Administrator"). For its services as Administrator, the Trust paid Citi an annual fee based on the Trust's aggregate average net assets at a tier rate ranging from 0.00375% to 0.05% and a base fee for certain filings. Administration fees also include additional fees paid to Citi by the Trust for additional services provided, including support of the Trust's compliance program.
Citi also acts as fund accounting agent for the Trust. For these services, the Trust paid Citi an annual fee based on the Trust's aggregate average net assets at a tier rate ranging from 0.00375% to 0.03%, a base fee, and reimbursement of certain expenses.
FIS Investor Services LLC ("FIS") acts as transfer agent for the Trust. For these services, the Trust pays FIS a base fee, account and service charges, and reimbursement of certain expenses.
ProFunds Distributors, Inc. (the "Distributor"), a wholly owned subsidiary of the Advisor, serves as the Trust's distributor. Under a Distribution and Shareholder Services Plan, adopted by the Board of Trustees pursuant to Rule 12b-1 under the 1940 Act, each ProFund may pay financial intermediaries such as broker-dealers, investment advisors and the Distributor up to 1.00%, on an annualized basis, of the average daily net assets attributable to Service Class shares as compensation for service and distribution-related activities and/or shareholder services with respect to Service Class shares. In addition, the Bitcoin Strategy ProFund may pay financial intermediaries such as broker-dealers, investment advisors and the Distributor up to 0.25%, on an annualized basis, of the average daily net assets attributable to Investor Class shares as compensation for service and distribution-related activities and/or shareholder services with respect to Investor Class shares. For the year ended July 31, 2022, the Bitcoin Strategy ProFund did not make any payments under this plan.
The Advisor, pursuant to a separate Management Services Agreement, performs certain client support services and other
July 31, 2022 :: Notes to Financial Statements :: 357
administrative services on behalf of the ProFunds. For these services, each ProFund pays the Advisor a fee at the annual rate of 0.15% of its average daily net assets.
The Advisor, pursuant to a separate Services Agreement, performs certain services related to the operation and maintenance of a shareholder trading platform. For these services, the Trust pays the Advisor a monthly base fee as reflected on the Statements of Operations as "Service fees."
The ProFunds pay fees to certain intermediaries or financial institutions for record keeping, sub-accounting services, transfer agency and other administrative services as reflected on the Statements of Operations as "Administrative services fees."
Certain Officers and a Trustee of the Trust are affiliated with the Advisor or the Administrator. Except as noted below with respect to the Trust's Chief Compliance Officer, such Officers and Trustee receive no compensation from the ProFunds for serving in their respective roles. The Trust, together with affiliated Trusts, pays each Independent Trustees compensation for their services at an annual rate of $325,000 per Trustee, inclusive of all meetings. During the year ended July 31, 2022, actual Trustee compensation was $975,000 in aggregate from the Trust and affiliated trusts. There are certain employees of the Advisor, such as the Trust's Chief Compliance Officer and staff who administer the Trust's compliance program, in which the ProFunds reimburse the Advisor for their related compensation and certain other expenses incurred as reflected on the Statement of Operations as "Compliance services fees."
The Advisor has contractually agreed to waive advisory and management services fees, and if necessary, reimburse certain other expenses of the ProFunds for the periods listed below in order to limit the annual operating expenses (exclusive of brokerage costs, interest, taxes, dividends (including dividend expenses on securities sold short), litigation, indemnification, and extraordinary expenses) as follows:
For the Period March 1, 2020 through February 28, 2021 | For the Period March 1, 2021 through November 30, 2022 | |||||||||||||||
Investor Class | Service Class | Investor Class | Service Class | |||||||||||||
Access Flex Bear High Yield ProFund* | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
Access Flex High Yield ProFund* | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % |
For the Period July 28, 2021 through November 30, 2022 | ||||
Investor Class | ||||
Bitcoin Strategy ProFund** | 0.84 | % |
For the Period December 1, 2020 through November 30, 2021 | For the Period December 1, 2021 through November 30, 2022 | |||||||||||||||
Investor Class | Service Class | Investor Class | Service Class | |||||||||||||
Banks UltraSector ProFund | 1.95 | % | 2.95 | % | 1.95 | % | 2.95 | % | ||||||||
Basic Materials UltraSector ProFund | 1.78 | % | 2.78 | % | 1.95 | % | 2.95 | % | ||||||||
Bear ProFund | 1.78 | % | 2.78 | % | 1.95 | % | 2.95 | % | ||||||||
Biotechnology UltraSector ProFund | 1.95 | % | 2.95 | % | 1.95 | % | 2.95 | % | ||||||||
Bull ProFund | 1.95 | % | 2.95 | % | 1.95 | % | 2.95 | % | ||||||||
Communication Services UltraSector ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
Consumer Goods UltraSector ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
Consumer Services UltraSector ProFund | 1.95 | % | 2.95 | % | 1.95 | % | 2.95 | % | ||||||||
Europe 30 ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
Falling U.S. Dollar ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
Financials UltraSector ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
Health Care UltraSector ProFund | 1.95 | % | 2.95 | % | 1.95 | % | 2.95 | % | ||||||||
Industrials UltraSector ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
Internet UltraSector ProFund | 1.95 | % | 2.95 | % | 1.95 | % | 2.95 | % | ||||||||
Large-Cap Growth ProFund | 1.95 | % | 2.95 | % | 1.95 | % | 2.95 | % | ||||||||
Large-Cap Value ProFund | 1.95 | % | 2.95 | % | 1.95 | % | 2.95 | % | ||||||||
Mid-Cap Growth ProFund | 1.95 | % | 2.95 | % | 1.95 | % | 2.95 | % | ||||||||
Mid-Cap ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
Mid-Cap Value ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
Nasdaq-100 ProFund | 1.95 | % | 2.95 | % | 1.95 | % | 2.95 | % | ||||||||
Oil & Gas UltraSector ProFund | 1.78 | % | 2.78 | % | 1.95 | % | 2.95 | % | ||||||||
Oil Equipment & Services UltraSector ProFund | 1.78 | % | 2.78 | % | 1.95 | % | 2.95 | % | ||||||||
Pharmaceuticals UltraSector ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
Precious Metals UltraSector ProFund | 1.95 | % | 2.95 | % | 1.95 | % | 2.95 | % | ||||||||
Real Estate UltraSector ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
Rising Rates Opportunity ProFund | 1.78 | % | 2.78 | % | 1.95 | % | 2.95 | % | ||||||||
Rising Rates Opportunity 10 ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % |
358 :: Notes to Financial Statements :: July 31, 2022
For the Period December 1, 2020 through November 30, 2021 | For the Period December 1, 2021 through November 30, 2022 | |||||||||||||||
Investor Class | Service Class | Investor Class | Service Class | |||||||||||||
Rising U.S. Dollar ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
Semiconductor UltraSector ProFund | 1.95 | % | 2.95 | % | 1.95 | % | 2.95 | % | ||||||||
Short Nasdaq-100 ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
Short Oil & Gas ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
Short Precious Metals ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
Short Real Estate ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
Short Small-Cap ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
Small-Cap Growth ProFund | 1.78 | % | 2.78 | % | 1.95 | % | 2.95 | % | ||||||||
Small-Cap ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
Small-Cap Value ProFund | 1.78 | % | 2.78 | % | 1.95 | % | 2.95 | % | ||||||||
Technology UltraSector ProFund | 1.95 | % | 2.95 | % | 1.95 | % | 2.95 | % | ||||||||
Telecommunications UltraSector ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
UltraBear ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
UltraBull ProFund | 1.95 | % | 2.95 | % | 1.95 | % | 2.95 | % | ||||||||
UltraChina ProFund | 1.78 | % | 2.78 | % | 1.95 | % | 2.95 | % | ||||||||
UltraDow 30 ProFund | 1.95 | % | 2.95 | % | 1.95 | % | 2.95 | % | ||||||||
UltraEmerging Markets ProFund | 1.78 | % | 2.78 | % | 1.95 | % | 2.95 | % | ||||||||
UltraInternational ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
UltraJapan ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
UltraLatin America ProFund | 1.95 | % | 2.95 | % | 1.95 | % | 2.95 | % | ||||||||
UltraMid-Cap ProFund | 1.95 | % | 2.95 | % | 1.95 | % | 2.95 | % | ||||||||
UltraNasdaq-100 ProFund | 1.95 | % | 2.95 | % | 1.95 | % | 2.95 | % | ||||||||
UltraShort China ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
UltraShort Dow 30 ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
UltraShort Emerging Markets ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
UltraShort International ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
UltraShort Japan ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
UltraShort Latin America ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
UltraShort Mid-Cap ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
UltraShort Nasdaq-100 ProFund | 1.78 | % | 2.78 | % | 1.95 | % | 2.95 | % | ||||||||
UltraShort Small-Cap ProFund | 1.78 | % | 2.78 | % | 1.78 | % | 2.78 | % | ||||||||
UltraSmall-Cap ProFund | 1.78 | % | 2.78 | % | 1.95 | % | 2.95 | % | ||||||||
U.S. Government Plus ProFund | 1.70 | % | 2.70 | % | 1.70 | % | 2.70 | % | ||||||||
Utilities UltraSector ProFund | 1.95 | % | 2.95 | % | 1.78 | % | 2.78 | % |
* | On April 23, 2021, Access Flex Bear High Yield Fund and Access Flex High Yield Fund reorganized into Access Flex Bear High Yield ProFund and Access Flex High Yield ProFund, respectively, through a plan of reorganization and termination that was approved by the Board of Trustees on December 10, 2020. The expense limitation for each ProFund's Investor Class and Service Class Shares was 1.78% and 2.78% both before and after this reorganization. |
** | Bitcoin Strategy ProFund commenced operations on July 28, 2021. |
Short Bitcoin Strategy ProFund commenced operations on June 21, 2022. As of July 31, 2022, the Short Bitcoin Strategy ProFund does not have a contractual expense limitation.
The Advisor may recoup the advisory and management services fees contractually waived or limited and other expenses reimbursed by it within three years of the end of the contractual period; however, such recoupment will be limited to the lesser of any expense limitation in place at the time of recoupment or the expense limitation in place at the time of waiver or reimbursement. Any amounts recouped by the Advisor during the period are reflected on the Statement of Operations as "Recoupment of prior expenses reduced by the Advisor." As of July 31, 2022, the recoupments that may potentially be made by the ProFunds are as follows:
Expires 02/28/23 | Expires 02/29/24 | Expires 11/30/24 | Expires 11/30/25 | Total | ||||||||||||||||
Access Flex Bear High Yield ProFund | $ | 30,929 | $ | 42,649 | $ | 21,329 | $ | 4,767 | $ | 99,674 | ||||||||||
Access Flex High Yield ProFund | — | 65,676 | — | — | 65,676 |
Expires 11/30/22 | Expires 11/30/23 | Expires 11/30/24 | Expires 11/30/25 | Total | ||||||||||||||||
Basic Materials UltraSector ProFund | $ | 4,640 | $ | — | $ | 9,063 | $ | — | $ | 13,703 | ||||||||||
Bitcoin Strategy ProFund | — | — | 37,042 | 147,512 | 184,554 | |||||||||||||||
Communication Services UltraSector ProFund | — | 3,277 | — | 12,684 | 15,961 | |||||||||||||||
Consumer Goods UltraSector ProFund | 17,697 | 15,495 | 6,074 | 5,886 | 45,152 | |||||||||||||||
Europe 30 ProFund | 21,547 | 20,637 | 11,136 | 16,955 | 70,275 | |||||||||||||||
Falling U.S. Dollar ProFund | 58,781 | 23,352 | 29,759 | 18,845 | 130,737 |
July 31, 2022 :: Notes to Financial Statements :: 359
Expires 11/30/22 | Expires 11/30/23 | Expires 11/30/24 | Expires 11/30/25 | Total | ||||||||||||||||
Financials UltraSector ProFund | $ | — | $ | — | $ | — | $ | 1,226 | $ | 1,226 | ||||||||||
Industrials UltraSector ProFund | — | — | — | 14,198 | 14,198 | |||||||||||||||
Mid-Cap Growth ProFund | — | — | — | 12,156 | 12,156 | |||||||||||||||
Mid-Cap ProFund | — | — | — | 8,503 | 8,503 | |||||||||||||||
Mid-Cap Value ProFund | 3,030 | 16,008 | 3,488 | 4,358 | 26,884 | |||||||||||||||
Pharmaceuticals UltraSector ProFund | 15,038 | 20,327 | 17,673 | 12,204 | 65,242 | |||||||||||||||
Real Estate UltraSector ProFund | — | 5,655 | — | — | 5,655 | |||||||||||||||
Rising Rates Opportunity 10 ProFund | 11,583 | 23,054 | 18,160 | 24,423 | 77,220 | |||||||||||||||
Rising U.S. Dollar ProFund | — | 15,847 | 22,817 | — | 38,664 | |||||||||||||||
Short Nasdaq-100 ProFund | — | 9,652 | 18,463 | — | 28,115 | |||||||||||||||
Short Oil & Gas ProFund | 34,181 | 20,934 | 40,063 | 6,367 | 101,545 | |||||||||||||||
Short Precious Metals ProFund | 27,268 | 37,670 | 21,089 | 19,258 | 105,285 | |||||||||||||||
Short Real Estate ProFund | 25,295 | 32,302 | 33,162 | 14,636 | 105,395 | |||||||||||||||
Short Small-Cap ProFund | 27,437 | 39,153 | 30,226 | 8,562 | 105,378 | |||||||||||||||
Small-Cap Growth ProFund | — | — | — | 1,480 | 1,480 | |||||||||||||||
Small-Cap ProFund | — | 23,176 | 13,368 | 20,663 | 57,207 | |||||||||||||||
Telecommunications UltraSector ProFund | 24,863 | 36,454 | 31,283 | 17,797 | 110,397 | |||||||||||||||
UltraBear ProFund | 3,557 | 30,161 | 21,558 | 15,313 | 70,589 | |||||||||||||||
UltraEmerging Markets ProFund | — | — | — | 5,162 | 5,162 | |||||||||||||||
UltraInternational ProFund | 12,789 | 30,332 | 17,617 | 20,771 | 81,509 | |||||||||||||||
UltraJapan ProFund | — | — | — | 3,778 | 3,778 | |||||||||||||||
UltraShort China ProFund | 26,295 | 30,877 | 27,238 | 15,794 | 100,204 | |||||||||||||||
UltraShort Dow 30 ProFund | 24,097 | 20,771 | 28,736 | 17,227 | 90,831 | |||||||||||||||
UltraShort Emerging Markets ProFund | 29,588 | 27,317 | 31,648 | 8,340 | 96,893 | |||||||||||||||
UltraShort International ProFund | 35,034 | 29,189 | 22,927 | 9,202 | 96,352 | |||||||||||||||
UltraShort Japan ProFund | 39,480 | 29,550 | 40,917 | 8,203 | 118,150 | |||||||||||||||
UltraShort Latin America ProFund | 27,687 | 23,861 | 30,125 | 16,939 | 98,612 | |||||||||||||||
UltraShort Mid-Cap ProFund | 23,943 | 23,952 | 25,301 | 20,192 | 93,388 | |||||||||||||||
UltraShort Small-Cap ProFund | 50,543 | 31,634 | 17,026 | 20,211 | 119,414 |
In addition, the Advisor has voluntarily agreed to waive advisory and management services fees, and reimburse certain other expenses of the Short Bitcoin Strategy ProFund, as consolidated with its Subsidiary, (exclusive of brokerage costs, interest, taxes, dividends (including dividend expenses on securities sold short), litigation, indemnification, and extraordinary expenses) in order to limit the annualized operating expenses of the consolidated ProFund to 1.26% for the period from inception through July 31, 2022. Effective July 31, 2022, the Advisor elected to discontinue all voluntary waivers for the Short Bitcoin Strategy ProFund. Amounts waived voluntarily are not subject to recoupment at a future date.
5. Securities Transactions
The cost of security purchases and the proceeds from the sale of securities (excluding securities maturing less than one year from acquisition) during the year ended July 31, 2022 were as follows:
Purchases | Sales | |||||||
Banks UltraSector ProFund | $ | 16,140,529 | $ | 98,989,174 | ||||
Basic Materials UltraSector ProFund | 11,414,973 | 15,194,111 | ||||||
Biotechnology UltraSector ProFund | 31,993,075 | 51,546,225 | ||||||
Bull ProFund | 20,327,998 | 26,663,060 | ||||||
Communication Services UltraSector ProFund | 3,899,043 | 6,603,291 | ||||||
Consumer Goods UltraSector ProFund | 7,960,097 | 8,395,441 | ||||||
Consumer Services UltraSector ProFund | 11,838,072 | 39,262,406 | ||||||
Europe 30 ProFund | 34,727,496 | 32,456,070 | ||||||
Financials UltraSector ProFund | 27,767,588 | 32,738,081 | ||||||
Health Care UltraSector ProFund | 20,370,517 | 37,142,359 | ||||||
Industrials UltraSector ProFund | 13,988,884 | 22,315,809 | ||||||
Internet UltraSector ProFund | 32,778,330 | 91,934,773 | ||||||
Large-Cap Growth ProFund | 191,665,136 | 208,149,586 | ||||||
Large-Cap Value ProFund | 181,273,321 | 166,092,959 | ||||||
Mid-Cap Growth ProFund | 7,618,213 | 8,312,091 | ||||||
Mid-Cap ProFund | 854,425 | 4,149,625 | ||||||
Mid-Cap Value ProFund | 69,961,638 | 53,198,536 | ||||||
Nasdaq-100 ProFund | 416,226,030 | 472,986,634 | ||||||
Oil & Gas UltraSector ProFund | 36,774,067 | 35,530,969 | ||||||
Oil Equipment & Services UltraSector ProFund | 32,410,298 | 33,395,738 | ||||||
Pharmaceuticals UltraSector ProFund | 6,670,113 | 6,681,470 |
360 :: Notes to Financial Statements :: July 31, 2022
Purchases | Sales | |||||||
Precious Metals UltraSector ProFund | $ | 18,741,119 | $ | 25,040,819 | ||||
Real Estate UltraSector ProFund | 106,205,198 | 128,092,246 | ||||||
Semiconductor UltraSector ProFund | 37,477,164 | 37,839,039 | ||||||
Small-Cap Growth ProFund | 33,523,296 | 31,485,670 | ||||||
Small-Cap ProFund | 4,410,737 | 8,482,204 | ||||||
Small-Cap Value ProFund | 96,204,772 | 101,106,739 | ||||||
Technology UltraSector ProFund | 31,680,621 | 61,881,701 | ||||||
Telecommunications UltraSector ProFund | 1,700,709 | 1,834,100 | ||||||
UltraBull ProFund | 14,566,816 | 38,537,801 | ||||||
UltraChina ProFund | 47,241,140 | 38,170,130 | ||||||
UltraDow 30 ProFund | 2,598,990 | 3,168,273 | ||||||
UltraEmerging Markets ProFund | 16,371,758 | 17,372,409 | ||||||
UltraLatin America ProFund | 15,884,177 | 19,675,916 | ||||||
UltraMid-Cap ProFund | 10,560,877 | 27,548,633 | ||||||
UltraNasdaq-100 ProFund | 344,187,446 | 692,607,419 | ||||||
UltraSmall-Cap ProFund | 24,779,873 | 35,099,419 | ||||||
Utilities ProFund | 11,284,478 | 8,701,474 |
The cost of U.S. government security purchases and the proceeds from the sale of U.S. government securities (excluding securities maturing less than one year from acquisition) during the year ended July 31, 2022 were as follows:
Purchases | Sales | |||||||
Access Flex High Yield ProFund | $ | 91,248,693 | $ | 94,120,799 |
6. Investment Risks
Some risks apply to all ProFunds, while others are specific to the investment strategy of certain ProFunds. Each ProFund may be subject to other risks in addition to these identified risks. This section discusses certain common principal risks encountered by the ProFunds. The risks are presented in an order intended to facilitate readability, and their order does not imply that the realization of one risk is likely to occur more frequently than another risk, nor does it imply that the realization of one risk is likely to have a greater adverse impact than another risk.
Risks Associated with the Use of Derivatives
Certain ProFunds may obtain investment exposure through derivatives. Investing in derivatives may be considered aggressive and may expose the ProFund to greater risks and may result in larger losses or smaller gains than investing directly in the reference asset(s) underlying those derivatives (e.g., securities in the Index). These risks include counterparty risk, liquidity risk and increased correlation risk. When the ProFund uses derivatives, there may be imperfect correlation between the value of the reference asset(s) underlying the derivative (e.g., securities in the Index) and the derivative, which may prevent the ProFund from achieving its investment objective. Because derivatives often require only a limited initial investment, the use of derivatives also may expose the ProFund to losses in excess of those amounts initially invested.
Certain ProFunds may use a combination of swaps on the Index and swaps on an ETF that is designed to track the performance of the Index. The performance of an ETF may not track the performance of the Index due to embedded costs and other factors. Thus, to the extent the ProFund invests in swaps that use an ETF as the reference asset, each ProFund may be subject to greater correlation risk and may not achieve as high a degree of correlation with the Index as it would if the ProFund only used swaps on the Index.
Moreover, with respect to the use of swap agreements, if the Index has a dramatic intraday move that causes a material decline in a ProFund's net assets, the terms of a swap agreement between the ProFund and its counterparty may permit the counterparty to immediately close out the transaction with the ProFund. In that event, the ProFund may be unable to enter into another swap agreement or invest in other derivatives to achieve the desired exposure consistent with the ProFund's investment objective. This, in turn, may prevent the ProFund from achieving its investment objective, even if the Index reverses all or a portion of its intraday move by the end of the day. As a result, the value of an investment in the ProFund may change quickly and without warning. Any costs associated with using derivatives will also have the effect of lowering the ProFund's return.
The Bitcoin Futures Contracts market futures may be less developed, and potentially less liquid and more volatile, than more established futures markets. While the Bitcoin futures market has grown substantially since Bitcoin futures commenced trading, there can be no assurance that this growth will continue. Bitcoin futures are subject to collateral requirements and daily limits that may limit the ProFund's ability to achieve the desired exposure. If the ProFund is unable to meet its investment objective, the Fund's returns may be lower than expected. Additionally, these collateral requirements may require the ProFund to liquidate its position when it otherwise would not do so.
Compounding Risk
Most of the ProFunds are "geared" funds ("Geared Funds") in the sense that the ProFund has an investment objective to match a multiple, the inverse, or an inverse multiple of the performance of a benchmark on a single day, not for any other period. A "single day" is measured from the time a ProFund calculates its net asset value ("NAV") to the time of the ProFund's next NAV calculation. These Geared Funds are subject to all of the correlation risks described below. In addition, because the ProFunds have a single day investment objective, for periods greater than one day, the
July 31, 2022 :: Notes to Financial Statements :: 361
effect of compounding may cause the performance of a ProFund to vary from the benchmark performance (or the inverse of the benchmark performance) times the stated multiple in the ProFund objective, as applicable, before accounting for fees and ProFund expenses. As explained in greater detail in their Prospectuses, as a result of compounding, Geared Funds are unlikely to provide a simple multiple (e.g. -1x, 2x, or -2x) of a benchmark's return over periods longer than a single day.
Leverage Risk
Certain ProFunds utilize leverage (i.e., obtain investment exposure in excess of their assets) in seeking to achieve their investment objective and will lose more money in market environments adverse to their daily objective than similar funds that do not employ leverage.
Because the ProFunds that utilize leverage include multipliers of 2x, 1.5x, or 1.25x (or sometimes the inverse thereof), a single day adverse price movement of more than 50%, 67% or 80%, respectively, in a relevant benchmark, could result in the total loss of an investor's investment.
Active Investor Risk
Each ProFund permits short-term trading of its securities. In addition, the Advisor expects a significant portion of the assets invested in a ProFund to come from professional money managers and investors who use the ProFund as part of active trading or tactical asset allocation strategies. These strategies often call for frequent trading to take advantage of anticipated changes in market conditions, which could increase portfolio turnover, and may result in additional costs for the ProFund. In addition, large movements of assets into and out of the ProFund may have a negative impact on the ProFund's ability to achieve its investment objective or maintain a consistent level of operating expenses. In certain circumstances, the ProFund's expense ratio may vary from current estimates or the historical ratio disclosed in the ProFund's prospectus.
Bitcoin Risk
The Bitcoin Strategy ProFund and short Bitcoin Strategy ProFund do not invest directly in Bitcoin. The ProFunds invest primarily in Bitcoin futures.
Bitcoin is a relatively new innovation and the market for Bitcoin is subject to rapid price swings, changes and uncertainty. The further development of the Bitcoin Network and the acceptance and use of Bitcoin are subject to a variety of factors that are difficult to evaluate. The slowing, stopping or reversing of the development of the Bitcoin Network or the acceptance of Bitcoin may adversely affect the price of Bitcoin. Bitcoin is subject to the risk of fraud, theft, manipulation or security failures, operational or other problems that impact Bitcoin trading venues. Additionally, if one or a coordinated group of miners were to gain control of 51% of the Bitcoin Network, they would have the ability to manipulate transactions, halt payments and fraudulently obtain Bitcoin. A significant portion of Bitcoin is held by a small number of holders sometimes referred to as "whales". These holders have the ability to manipulate the price of Bitcoin. Unlike the exchanges for more traditional assets, such as equity securities and futures contracts, Bitcoin and Bitcoin trading venues are largely unregulated. As a result of the lack of regulation, individuals or groups may engage in fraud or market manipulation and investors may be more exposed to the risk of theft, fraud and market manipulation than when investing in more traditional asset classes. Over the past several years, a number of Bitcoin trading venues have been closed due to fraud, failure or security breaches. Investors in Bitcoin may have little or no recourse should such theft, fraud or manipulation occur and could suffer significant losses. Legal or regulatory changes may negatively impact the operation of the Bitcoin Network or restrict the use of Bitcoin. The realization of any of these risks could result in a decline in the acceptance of Bitcoin and consequently a reduction in the value of Bitcoin, Bitcoin futures, and the ProFund. The Bitcoin Network is collectively maintained by (1) a decentralized group of participants who run computer software that results in the recording and validation of transactions (commonly referred to as "miners"), (2) developers who propose improvements to the Bitcoin Protocol and the software that enforces the protocol and (3) users who choose which version of the bitcoin software to run. From time to time, the developers suggest changes to the bitcoin software. If a sufficient number of users and miners elect not to adopt the changes, a new digital asset, operating on the earlier version of the bitcoin software, may be created. This is often referred to as a "fork." The creation of a "fork" or a substantial giveaway of Bitcoin (sometimes referred to as an "air drop") may result in a significant and unexpected declines in the value of Bitcoin, Bitcoin futures, and the ProFund.
Bitcoin Futures Risk
The market for Bitcoin futures may be less developed, and potentially less liquid and more volatile, than more established futures markets. While the Bitcoin futures market has grown substantially since Bitcoin futures commenced trading, there can be no assurance that this growth will continue. Bitcoin futures are subject to collateral requirements and daily limits that may limit a ProFund's ability to achieve the desired exposure. If a ProFund is unable to meet its investment objective, a ProFund's returns may be lower than expected. Additionally, these collateral requirements may require a ProFund to liquidate its position when it otherwise would not do so.
When a Bitcoin futures contract is nearing expiration, a ProFund will generally sell it and use the proceeds to buy a Bitcoin futures contract with a later expiration date. This is commonly referred to as "rolling". The costs associated with rolling Bitcoin futures typically are substantially higher than the costs associated with other futures contracts and may have a significant adverse impact on the performance of a ProFund.
Borrowing Risk
The Bitcoin Strategy ProFund and Short Bitcoin Strategy ProFund may borrow for investment purposes using reverse repurchase agreements. The cost of borrowing may reduce a ProFund's return. Borrowing may cause a ProFund to liquidate positions under adverse market conditions to satisfy its repayment obligations. Borrowing increases the risk of loss and may increase the volatility of a ProFund.
362 :: Notes to Financial Statements :: July 31, 2022
Active Management Risk
Access Flex Bear High Yield ProFund, Access Flex High Yield ProFund and Bitcoin Strategy ProFund are actively managed, and their performance reflect the investment decisions that the Advisor makes for the ProFunds. The Advisor's judgements about the ProFunds' investments may prove to be incorrect. If the investments selected and strategies employed by the ProFunds fail to produce the intended results, the ProFunds could underperform or have negative returns as compared to other funds with a similar investment objective and/or strategies.
Concentration Risk
Concentration risk results from maintaining concentrated exposure to certain types of issuers, industries, market sectors, countries or geographical regions. A ProFund that concentrates its investments will be more susceptible to risks associated with that concentration. With respect to the UltraSector and Inverse Sector ProFunds, a ProFund may have significant exposure to an individual industry that constitutes a significant portion of that ProFund's benchmark. Such a ProFund will be more susceptible to the risks associated with that specific industry, which may be different from the risks generally associated with other benchmarks. Each ProFund will concentrate its investments in a particular industry or group of industries to approximately the same extent as its benchmark, up to the extent permitted by applicable regulatory guidance. Additionally, certain ProFunds that focus their investments in particular countries or geographic regions may be particularly susceptible to economic, political or regulatory events affecting those countries or regions. These ProFunds may be more volatile than a more geographically diversified ProFund. The Schedule of Portfolio Investments includes information on each ProFund's holdings, including industry and/or geographical composition, as relevant.
Correlation Risk
There is no guarantee that a ProFund will achieve a high degree of correlation with its benchmark. Failure to achieve a high degree of correlation may prevent a ProFund from achieving its investment objective, and the percentage change of the ProFund's NAV each day may differ, perhaps significantly, from the percentage change of the ProFund's benchmark on such day. This may be due, among other reasons, to the impact of a limited trading market in the underlying component securities on the calculation of the benchmark.
In order to achieve a high degree of correlation with the Index, a ProFund seeks to rebalance its portfolio daily to keep exposure consistent with its investment objective. Being materially under- or overexposed to the Index may prevent the ProFund from achieving a high degree of correlation with the Index. Market disruptions or closure, regulatory restrictions, market volatility and other factors will adversely affect the ProFund's ability to adjust exposure to requisite levels. The target amount of portfolio exposure is impacted dynamically by the Index's movements. Because of this, it is unlikely that the ProFund will have perfect leveraged exposure at the end of each day and the likelihood of being materially under- or overexposed is higher on days when the Index level is volatile at or near the close of the trading day.
A number of other factors may adversely affect a ProFund's correlation with its benchmark, including material over- or underexposure, fees, expenses, transaction costs, financing costs associated with the use of derivatives, income items, valuation methodology, accounting standards and disruptions or illiquidity in the markets for the securities or financial instruments in which a ProFund invests. A ProFund may not have investment exposure to all securities in its benchmark, or its weighting of investment exposure to stocks or industries may be different from that of the benchmark. In addition, a ProFund may invest in securities not included in the benchmark or in financial instruments. Each ProFund may take or refrain from taking positions in order to improve tax efficiency or comply with regulatory restrictions, either of which may negatively affect the ProFund's correlation with its benchmark. A ProFund may also be subject to large movements of assets into and out of the ProFund, potentially resulting in the ProFund being over- or underexposed to its benchmark, and may be impacted by index reconstitutions and index rebalancing events. Additionally, a ProFund's underlying holdings or reference assets may trade on markets that may or may not be open on the same day as the ProFund. Each ProFund (other than the Classic ProFunds and the Falling U.S. Dollar ProFund) seeks to rebalance its portfolio daily to keep its leveraged, inverse or inverse leveraged exposure to the benchmark consistent with its investment objective. Any of these factors could decrease correlation between the performance of a ProFund and may hinder a ProFund's ability to meet its investment objective on or around that day.
Credit Default Swaps ("CDS") Risk
While the Access Flex Bear High Yield ProFund will normally be a net "buyer" of CDS and the Access Flex High Yield ProFund will normally be a net "seller" of CDS, at times the Access Flex Bear High Yield ProFund may be a net "seller" and the Access Flex High Yield ProFund may be a net "buyer" of CDS. When a ProFund is a seller of credit protection, upon the occurrence of a credit event, the ProFund will have an obligation to pay the full notional value of a defaulted reference entity less recovery value. When a ProFund is a buyer of credit protection, upon the occurrence of a credit event, the counterparty to the ProFund will have an obligation to pay the full notional value of a defaulted reference entity less recovery value. Recovery values for CDS are generally determined via an auction process to determine the final price for a given reference entity. Although, each ProFund intends, as practicable, to obtain exposure through centrally cleared CDS, an active market may not exist for any of the CDS in which a ProFund invests or in the reference entities subject to the CDS. As a result, a ProFund's ability to maximize returns or minimize losses on such CDS may be impaired. Other risks of CDS include difficulty in valuation due to the lack of pricing transparency and the risk that changes in the value of the CDS do not reflect changes in the credit quality of the underlying reference entities or may otherwise perform differently than expected given market conditions. Because a ProFund may use a single counterparty or a small number of counterparties, certain CDS involve many reference entities and there are no limitations on the notional amount established for the CDS. As a result, counterparty risk may be amplified.
July 31, 2022 :: Notes to Financial Statements :: 363
Counterparty Risk
A ProFund that will invest in financial instruments involving third parties (i.e., counterparties) is subject to counterparty risk. The use of financial instruments, such as swap agreements or futures contracts, involves risks that are different from those associated with ordinary portfolio securities transactions. Certain ProFunds will be subject to credit risk (i.e., the risk that a counterparty is unwilling or unable to make timely payments to meet its contractual obligations) with respect to the amount they expect to receive from counterparties to financial instruments and repurchase agreements entered into by the ProFunds. Each ProFund generally structures the agreement such that either party can terminate the contract without penalty prior to the termination date. A ProFund may be negatively impacted if a counterparty becomes bankrupt or otherwise fails to perform its obligations, the value of an investment in each ProFund may decline. A ProFund may experience significant delays in obtaining any recovery in a bankruptcy or other reorganization proceeding and a ProFund may obtain only limited recovery or may obtain no recovery in such circumstances.
The ProFunds typically enter into transactions with counterparties whose credit rating at the time of the transaction is investment grade, as determined by a nationally recognized statistical rating organization, or, if unrated, judged by the Advisor to be of comparable quality. These are usually major, global financial institutions. Although the counterparty to an exchange-traded futures contract is often backed by a futures commission merchant ("FCM") or clearing organization that is further backed by a group of financial institutions, there may be instances in which the FCM or the clearing organization could fail to perform its obligations, causing significant losses to the ProFund. For example, a ProFund could lose margin payments it has deposited with a clearing organization as well as gains owed but not paid to the ProFund if the clearing organization becomes insolvent or otherwise fails to perform its obligations.
Under current CFTC regulations, a FCM maintains customers' assets in a bulk segregated account. If a FCM fails to do so, or is unable to satisfy a substantial deficit in a customer account, its other customers may be subject to risk of loss of their funds in the event of that FCM's bankruptcy. In that event, in the case of futures, the FCM's customers are entitled to recover, even in respect of property specifically traceable to them, only a proportional share of all property available for distribution to all of that FCM's customers. In the case of cleared swaps, customers of a FCM in bankruptcy are entitled to recover assets specifically attributable to them pursuant to new CFTC regulations, but may nevertheless risk loss of some or all of their assets due to accounting or operational issues or due to legal risk in connection with the application of bankruptcy law to cleared swaps.
Natural Disaster/Epidemic Risk
Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes, tsunamis and other severe weather-related phenomena generally, and widespread disease, including pandemics and epidemics (for example, the novel coronavirus (COVID-19)), have been and can be highly disruptive to economies and markets and have recently led, and may continue to lead, to increased market volatility and significant market losses.
Such as natural disaster and health crises could exacerbate political, social, and economic risks previously mentioned, and result in significant breakdowns, delays, shutdowns, social isolation, and other disruptions to important global, local and regional supply chains affected, with potential corresponding results on the operating performance of the ProFund and its investments. A climate of uncertainty and panic, including the contagion of infectious viruses or diseases, may adversely affect global, regional, and local economies and reduce the availability of potential investment opportunities, and increases the difficulty of performing due diligence and modeling market conditions, potentially reducing the accuracy of financial projections. Under these circumstances, the ProFund may have difficulty achieving its investment objective which may adversely impact performance. Further, such events can be highly disruptive to economies and markets, significantly disrupt the operations of individual companies (including, but not limited to, the ProFund's investment advisor and third party service providers), sectors, industries, markets, securities and commodity exchanges, currencies, interest and inflation rates, credit ratings, investor sentiment, and other factors affecting the value of the ProFund's investments. These factors can cause substantial market volatility, exchange trading suspensions and closures and can impact the ability of the ProFund to complete redemptions and otherwise affect ProFund performance and ProFund trading in the secondary market. A widespread crisis may also affect the global economy in ways that cannot necessarily be foreseen at the current time. How long such events will last and whether they will continue or recur cannot be predicted. Impacts from these events could have significant impact on the ProFund's performance, resulting in losses to your investment.
Risk that Current Assumptions and Expectations Could Become Outdated As a Result of Global Economic Shocks
The onset of the novel coronavirus (COVID-19) has caused significant shocks to global financial markets and economies, with many governments taking extreme actions to slow and contain the spread of COVID-19 (including any variants). These actions have had, and likely will continue to have, a severe economic impact on global economies as economic activity in some instances has essentially ceased. The global economic shocks being experienced as of the date hereof may cause the underlying assumptions and expectations of the ProFund to quickly become outdated or inaccurate, resulting in significant losses. Additionally, other public health issues, war, military conflicts, sanctions, acts of terrorism, sustained elevated inflation, supply chain issues or other events could have a significant negative impact on global financial markets and economies. Russia's recent military incursions in Ukraine have led to, and may lead to additional sanctions being levied by the United States, European Union and other countries against Russia. Russia's military incursion and the resulting sanctions could adversely affect global energy and financial markets and thus could affect the value of the ProFund's investments, even beyond any direct exposure the ProFund may have to the region or to adjoining geographic regions. The extent and duration of the military action, sanctions and resulting market disruptions are impossible to predict, but could have a severe adverse effect on the region, including significant negative
364 :: Notes to Financial Statements :: July 31, 2022
impacts on the economy and the markets for certain securities and commodities, such as oil and natural gas. How long such tensions and related events will last cannot be predicted. These tensions and any related events could have significant impact on the ProFund performance and the value of an investment in the ProFund.
Debt Instruments Risk
The ProFunds may invest in, or seek exposure to, debt instruments. Debt instruments are subject to adverse issuer, political, regulatory, market and economic developments, as well as developments that affect specific economic sectors, industries or segments of the fixed income market. Additionally, the credit quality of the issuer of a debt instrument (including the risk of a potential default) can also affect the price of a debt instrument. The perceived or actual inability of issuers, guarantors, or liquidity providers of debt instruments to make scheduled interest payments can negatively impact the performance of the ProFund. Debt instruments may have varying levels of sensitivity to changes in interest rates and other factors. Typically, the price of outstanding debt instruments falls when interest rates rise. Without taking into account other factors, the prices of debt instruments with longer maturities may fluctuate more in response to interest rate changes than those of debt instruments with shorter maturities. In addition, changes in the credit quality of the issuer of a debt instrument (including a default) can also affect the price of a debt instrument. Many types of debt instruments are subject to prepayment risk, which is the risk that the issuer of the security will repay principal (in part or in whole) prior to the maturity date. Debt instruments allowing prepayment may offer less potential for gains during a period of declining interest rates, as a ProFund may be required to reinvest the proceeds received at lower interest rates. These factors may cause the value of an investment in the ProFund to change. Also, the securities of certain U.S. government agencies, authorities or instrumentalities are neither issued by nor guaranteed as to principal and interest by the U.S. government, and may be exposed to more credit risk than those issued by and guaranteed as to principal and interest by the U.S. government. All U.S. government securities are subject to credit risk. It is possible that the U.S. government may not be able to meet its financial obligations or that securities issued by the U.S. government may experience credit downgrades. Such a credit event may also adversely impact the financial markets. Certain ProFunds are inversely correlated to bond prices and will typically respond differently to the above factors than would a ProFund positively correlated to bond prices.
High Yield Risk
Investment in or exposure to high yield (lower rated) debt instruments (also known as "junk bonds") may involve greater levels of interest rate, credit, liquidity and valuation risk than for higher rated instruments. High yield debt instruments may be more sensitive to economic changes, political changes, or adverse developments specific to a company than other fixed income instruments. These securities are subject to greater risk of loss, greater sensitivity to economic changes, valuation difficulties, and a potential lack of a secondary or public market for securities. High yield debt instruments are considered predominantly speculative with respect to the issuer's continuing ability to make principal and interest payments and, therefore, such instruments generally involve greater risk of default or price changes than higher rated debt instruments. An economic downturn or period of rising interest rates could adversely affect the market for these securities and reduce market liquidity (liquidity risk). Less active markets may diminish a ProFund's ability to obtain accurate market quotations when valuing the portfolio securities and thereby give rise to valuation risk. High yield debt instruments may also present risks based on payment expectations. For example, these instruments may contain redemption or call provisions. If an issuer exercises these provisions in a declining interest rate market, the ProFund would have to replace the security with a lower yielding security, resulting in a decreased return for investors. If the issuer of a security is in default with respect to interest or principal payments, the issuer's security could lose its entire value. Furthermore, the transaction costs associated with the purchase and sale of high yield debt instruments may vary greatly depending upon a number of factors and may adversely affect a ProFund's performance. While the realization of certain of these risks may benefit the Access Flex Bear High Yield ProFund because it seeks investment results that correspond to the inverse of the high yield market, such occurrences may introduce more volatility to the ProFund.
Index Performance Risk
Certain ProFunds linked to an index will be subject to index performance risk. There is no guarantee or assurance that the methodology used by the third-party provider to create the Index will result in the ProFund achieving high, or even positive, returns. Further, there can be no guarantee that the methodology underlying the Index or the daily calculation of the Index will be free from error. It is also possible that the value of the Index may be subject to intentional manipulation by third-party market participants. The Index may underperform, and the ProFund could lose value, while other indices or measures of market performance increase in value.
Investment Capacity Risk
The Bitcoin Strategy ProFund's ability to obtain exposure to Bitcoin futures contracts consistent with its investment objective is disrupted for any reason including, limited liquidity in the Bitcoin futures market, a disruption to the Bitcoin futures market, or as a result of margin requirements or position limits imposed by the ProFund's futures commission merchants ("FCMs"), the CME, or the CFTC, the ProFund would not be able to achieve its investment objective and may experience significant losses. The Adviser may, in its sole discretion and without prior notice, limit or reject purchases of ProFund shares. This is often referred to as "closing" the ProFund. The Adviser may re-open the ProFund in its sole discretion and without prior notice.
Financing Rates Associated with Derivatives
The performance of ProFunds that use derivatives was impacted by the related financing costs. Financial instruments such as futures contracts carry implied financing costs. Forward and swap financing rates are negotiated between the ProFunds and their counterparties, and are set at the Fed Funds rate ("FEDL01") plus or minus a negotiated spread. This rate was changed from the one
July 31, 2022 :: Notes to Financial Statements :: 365
week/one month London Interbank Offered Rate ("LIBOR") in the third and fourth quarters of calendar year 2021. The Fed Funds rate appreciated from 0.07% to 2.32% during the fiscal year. Each ProFund with long exposure via derivatives was generally negatively affected by financing rates. Conversely, most ProFunds with short/inverse derivative exposure generally benefited from financing rates.
Liquidity Risk
In certain circumstances, such as the disruption of the orderly markets for the securities or financial instruments in which a ProFund invests, the ProFunds might not be able to acquire or dispose of certain holdings quickly or at prices that represent true fair value in the judgment of the Advisor. Markets for the securities or financial instruments in which a ProFund invests may be disrupted by a number of events, including but not limited to economic crises, natural disasters, new legislation, or regulatory changes inside or outside of the U.S. For example, regulation limiting the ability of certain financial institutions to invest in certain securities would likely reduce the liquidity of those securities. These situations may prevent a ProFund from limiting losses, realizing gains, or from achieving a high correlation (or inverse correlation) with its underlying benchmark.
The market for the Bitcoin futures contracts is still developing and may be subject to periods of illiquidity. During such times it may be difficult or impossible to buy or sell a position at the desired price. Market disruptions or volatility can also make it difficult to find a counterparty willing to transact at a reasonable price and sufficient size. Illiquid markets may cause losses, which could be significant. The large size of the positions which the ProFund may acquire increases the risk of illiquidity, may make its positions more difficult to liquidate, and increase the losses incurred while trying to do so.
7. Federal Income Tax Information
The tax character of distributions paid to shareholders during the applicable tax years ended as noted below, were as follows:
Year Ended 2021 | Year Ended 2020 | |||||||||||||||||||||||||||||||||||
Distributions Paid from Ordinary Income | Distributions Paid from Net Long-Term Gains | Tax Return of Capital | Total Distributions Paid | Distributions Paid from Ordinary Income | Distributions Paid from Net Long-Term Gains | Taxable Overdistribution | Tax Return of Capital | Total Distributions Paid | ||||||||||||||||||||||||||||
December 31 | ||||||||||||||||||||||||||||||||||||
Bear ProFund | $ | — | $ | — | $ | — | $ | — | $ | 8,361 | $ | — | $ | — | $ | — | $ | 8,361 | ||||||||||||||||||
Bull ProFund | 1,995,004 | 2,757,165 | — | 4,752,169 | 3,962,399 | — | — | — | 3,962,399 | |||||||||||||||||||||||||||
Europe 30 ProFund | 33,014 | — | — | 33,014 | 104,574 | — | — | — | 104,574 | |||||||||||||||||||||||||||
UltraBear ProFund | — | — | — | — | 37,071 | — | — | — | 37,071 | |||||||||||||||||||||||||||
UltraBull ProFund | 5,070,936 | 2,554,660 | — | 7,625,596 | 9,602,431 | 4,135,538 | — | — | 13,737,969 | |||||||||||||||||||||||||||
UltraJapan ProFund | 675,945 | 1,304,962 | — | 1,980,907 | — | — | — | — | — | |||||||||||||||||||||||||||
UltraNasdaq-100 ProFund | 148,739,778 | 16,381,915 | — | 165,121,693 | 74,202,741 | 8,972,321 | — | — | 83,175,062 | |||||||||||||||||||||||||||
UltraShort Nasdaq-100 ProFund | — | — | — | — | 6,099 | — | — | — | 6,099 | |||||||||||||||||||||||||||
October 31 | ||||||||||||||||||||||||||||||||||||
Access Flex High Yield ProFund | 467,987 | — | — | 467,987 | 547,098 | — | — | 59,251 | 606,349 | |||||||||||||||||||||||||||
Banks UltraSector ProFund | — | — | — | — | 147,431 | — | — | — | 147,431 | |||||||||||||||||||||||||||
Basic Materials UltraSector ProFund | 87,381 | 4,525 | — | 91,906 | — | — | — | — | — | |||||||||||||||||||||||||||
Biotechnology UltraSector ProFund | 17,310,399 | — | — | 17,310,399 | — | 6,477,017 | — | — | 6,477,017 | |||||||||||||||||||||||||||
Communication Services UltraSector ProFund | — | — | — | — | 202,746 | — | — | — | 202,746 | |||||||||||||||||||||||||||
Consumer Goods UltraSector ProFund | — | — | — | — | 80,976 | 61,866 | — | — | 142,842 |
366 :: Notes to Financial Statements :: July 31, 2022
Year Ended 2021 | Year Ended 2020 | |||||||||||||||||||||||||||||||||||
Distributions Paid from Ordinary Income | Distributions Paid from Net Long-Term Gains | Tax Return of Capital | Total Distributions Paid | Distributions Paid from Ordinary Income | Distributions Paid from Net Long-Term Gains | Taxable Overdistribution | Tax Return of Capital | Total Distributions Paid | ||||||||||||||||||||||||||||
Consumer Services UltraSector ProFund | $ | 1,939,814 | $ | 1,051,801 | $ | — | $ | 2,991,615 | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
Financials UltraSector ProFund | — | — | — | — | 153,234 | — | 34,237 | — | 187,471 | |||||||||||||||||||||||||||
Health Care UltraSector ProFund | — | — | — | — | 12,104 | — | — | — | 12,104 | |||||||||||||||||||||||||||
Internet UltraSector ProFund | 27,272,748 | 12,588,418 | — | 39,861,166 | 177,930 | 28,278 | — | — | 206,208 | |||||||||||||||||||||||||||
Large-Cap Growth ProFund | 751,788 | 649,703 | — | 1,401,491 | 341,415 | 492,743 | — | — | 834,158 | |||||||||||||||||||||||||||
Mid-Cap Growth ProFund | 320,965 | 602,809 | — | 923,774 | — | — | — | — | — | |||||||||||||||||||||||||||
Mid-Cap ProFund | — | — | — | — | — | 358,894 | — | — | 358,894 | |||||||||||||||||||||||||||
Mid-Cap Value ProFund | 10,633 | — | — | 10,633 | 17,715 | — | — | 3,366 | 21,081 | |||||||||||||||||||||||||||
Nasdaq-100 ProFund | 1,491,584 | 348,686 | — | 1,840,270 | 498,352 | 387,756 | — | — | 886,108 | |||||||||||||||||||||||||||
Oil & Gas UltraSector ProFund | 227,674 | — | — | 227,674 | 153,992 | — | — | — | 153,992 | |||||||||||||||||||||||||||
Oil Equipment & Services UltraSector ProFund | 17,573 | — | — | 17,573 | — | — | — | — | — | |||||||||||||||||||||||||||
Pharmaceuticals UltraSector ProFund | — | 16,620 | — | 16,620 | — | — | — | — | — | |||||||||||||||||||||||||||
Real Estate UltraSector ProFund | — | — | — | — | 101,880 | 80,388 | — | 184,976 | 367,244 | |||||||||||||||||||||||||||
Rising Rates Opportunity ProFund | — | — | — | — | 188,442 | — | — | — | 188,442 | |||||||||||||||||||||||||||
Rising Rates Opportunity 10 ProFund | — | — | — | — | 17,678 | — | — | — | 17,678 | |||||||||||||||||||||||||||
Rising U.S. Dollar ProFund | — | — | — | — | 23,144 | — | — | — | 23,144 | |||||||||||||||||||||||||||
Semiconductor UltraSector ProFund | — | — | — | — | 88,463 | — | — | — | 88,463 | |||||||||||||||||||||||||||
Short Nasdaq-100 ProFund | — | — | — | — | 11,298 | — | — | — | 11,298 | |||||||||||||||||||||||||||
Short Oil & Gas ProFund | — | — | — | — | 4,714 | — | — | — | 4,714 | |||||||||||||||||||||||||||
Short Precious Metals ProFund | — | — | — | — | 18,058 | — | — | — | 18,058 | |||||||||||||||||||||||||||
Short Small-Cap ProFund | — | — | — | — | 7,330 | — | — | — | 7,330 | |||||||||||||||||||||||||||
Small-Cap Value ProFund | — | — | — | — | — | — | 3,975 | — | 3,975 |
July 31, 2022 :: Notes to Financial Statements :: 367
Year Ended 2021 | Year Ended 2020 | |||||||||||||||||||||||||||||||||||
Distributions Paid from Ordinary Income | Distributions Paid from Net Long-Term Gains | Tax Return of Capital | Total Distributions Paid | Distributions Paid from Ordinary Income | Distributions Paid from Net Long-Term Gains | Taxable Overdistribution | Tax Return of Capital | Total Distributions Paid | ||||||||||||||||||||||||||||
Technology UltraSector ProFund | $ | 1,627,121 | $ | 8,142 | $ | — | $ | 1,635,263 | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
Telecommunications UltraSector ProFund | 4,660 | — | — | 4,660 | 20,443 | — | — | — | 20,443 | |||||||||||||||||||||||||||
UltraChina ProFund | — | — | — | — | 18,540 | — | — | — | 18,540 | |||||||||||||||||||||||||||
UltraDow 30 ProFund | 55,323 | 580,971 | — | 636,294 | 660,094 | — | — | — | 660,094 | |||||||||||||||||||||||||||
UltraLatin America ProFund | 103,594 | — | — | 103,594 | 475,022 | — | — | — | 475,022 | |||||||||||||||||||||||||||
UltraMid-Cap ProFund | — | — | — | — | 899,431 | 679,608 | 88,692 | — | 1,667,731 | |||||||||||||||||||||||||||
UltraShort China ProFund | — | — | — | — | 14,251 | — | — | — | 14,251 | |||||||||||||||||||||||||||
UltraShort Dow 30 ProFund | — | — | — | — | 13,291 | — | — | — | 13,291 | |||||||||||||||||||||||||||
UltraShort Emerging Markets ProFund | — | — | — | — | 7,510 | — | — | — | 7,510 | |||||||||||||||||||||||||||
UltraShort International ProFund | — | — | — | — | 15,691 | — | — | — | 15,691 | |||||||||||||||||||||||||||
UltraShort Latin America ProFund | — | — | — | — | 12,538 | — | — | — | 12,538 | |||||||||||||||||||||||||||
UltraShort Mid-Cap ProFund | — | — | — | — | 7,614 | — | — | — | 7,614 | |||||||||||||||||||||||||||
UltraShort Small-Cap ProFund | — | — | — | — | 17,184 | — | — | — | 17,184 | |||||||||||||||||||||||||||
U.S. Government Plus ProFund | — | — | — | — | 35,572 | — | — | — | 35,572 | |||||||||||||||||||||||||||
Utilities UltraSector ProFund | 31,184 | — | 14,289 | 45,473 | 489,768 | — | — | — | 489,768 |
As of the latest tax year ended, as noted below, the components of accumulated earnings (deficit) on a tax basis were as follows:
Undistributed Ordinary Income | Undistributed Long-Term Capital Gains | Distributions Payable | Accumulated Capital and Other Losses | Unrealized Appreciation/ (Depreciation) | Total Accumulated Earnings/ (Deficit) | |||||||||||||||||||
December 31 | ||||||||||||||||||||||||
Bear ProFund | $ | — | $ | — | $ | — | $ | (70,061,449 | ) | $ | 43,939 | $ | (70,017,510 | ) | ||||||||||
Bull ProFund | 370,688 | — | — | — | 31,545,008 | 31,915,696 | ||||||||||||||||||
Europe 30 ProFund | 48,336 | — | — | (3,776,853 | ) | 320,476 | (3,408,041 | ) | ||||||||||||||||
UltraBear ProFund | — | — | — | (100,305,801 | ) | 61,072 | (100,244,729 | ) | ||||||||||||||||
UltraBull ProFund | 8,363,174 | 779,894 | — | — | 54,189,483 | 63,332,551 | ||||||||||||||||||
UltraJapan ProFund | — | — | — | — | (481 | ) | (481 | ) | ||||||||||||||||
UltraNasdaq-100 ProFund | 26,477,309 | 1,155,422 | — | — | 460,129,048 | 487,761,779 | ||||||||||||||||||
UltraShort Nasdaq-100 ProFund | — | — | — | (53,646,478 | ) | 216,153 | (53,430,325 | ) | ||||||||||||||||
October 31 | ||||||||||||||||||||||||
Access Flex Bear High Yield ProFund | — | — | — | (5,399,229 | ) | — | (5,399,229 | ) | ||||||||||||||||
Access Flex High Yield ProFund | — | — | — | — | (19,125 | ) | (19,125 | ) | ||||||||||||||||
Banks UltraSector ProFund | — | — | — | (1,068,963 | ) | 7,344,982 | 6,276,019 | |||||||||||||||||
Basic Materials UltraSector ProFund | — | — | — | — | 2,066,126 | 2,066,126 |
368 :: Notes to Financial Statements :: July 31, 2022
Undistributed Ordinary Income | Undistributed Long-Term Capital Gains | Distributions Payable | Accumulated Capital and Other Losses | Unrealized Appreciation/ (Depreciation) | Total Accumulated Earnings/ (Deficit) | |||||||||||||||||||
Biotechnology UltraSector ProFund | $ | 14,242,746 | $ | 11,279,598 | $ | — | $ | — | $ | 68,577,329 | $ | 94,099,673 | ||||||||||||
Bitcoin Strategy ProFund | — | — | — | — | 13,799,408 | 13,799,408 | ||||||||||||||||||
Communication Services UltraSector ProFund | 59,697 | 2,106 | — | — | 2,141,321 | 2,203,124 | ||||||||||||||||||
Consumer Goods UltraSector ProFund | 351,875 | 151,475 | — | — | 3,104,128 | 3,607,478 | ||||||||||||||||||
Consumer Services UltraSector ProFund | 5,320,427 | 130,368 | — | — | 30,162,091 | 35,612,886 | ||||||||||||||||||
Falling U.S. Dollar ProFund | — | — | — | (2,636,026 | ) | — | (2,636,026 | ) | ||||||||||||||||
Financials UltraSector ProFund | 877,097 | 945 | — | — | 2,465,799 | 3,343,841 | ||||||||||||||||||
Health Care UltraSector ProFund | — | — | — | (782,184 | ) | 10,602,602 | 9,820,418 | |||||||||||||||||
Industrials UltraSector ProFund | 436,119 | 3,145 | — | — | 3,268,007 | 3,707,271 | ||||||||||||||||||
Internet UltraSector ProFund | 20,936,693 | 9,806,780 | — | — | 96,845,438 | 127,588,911 | ||||||||||||||||||
Large-Cap Growth ProFund | 221,792 | 85,029 | — | — | 13,211,905 | 13,518,726 | ||||||||||||||||||
Large-Cap Value ProFund | 48,467 | — | — | (2,237,801 | ) | 1,716,177 | (473,157 | ) | ||||||||||||||||
Mid-Cap Growth ProFund | 835,934 | 120,492 | — | — | 1,828,662 | 2,785,088 | ||||||||||||||||||
Mid-Cap ProFund | 160,843 | 60,318 | — | — | 1,930,782 | 2,151,943 | ||||||||||||||||||
Mid-Cap Value ProFund | 58,777 | — | — | — | 1,556,249 | 1,615,026 | ||||||||||||||||||
Nasdaq-100 ProFund | 2,281,193 | 2,060,020 | — | — | 49,379,453 | 53,720,666 | ||||||||||||||||||
Oil & Gas UltraSector ProFund | 208,924 | — | — | (7,015,436 | ) | 6,644,905 | (161,607 | ) | ||||||||||||||||
Oil Equipment & Services UltraSector ProFund | — | — | — | (19,087,492 | ) | (1,906,492 | ) | (20,993,984 | ) | |||||||||||||||
Pharmaceuticals UltraSector ProFund | 57,588 | 128,692 | — | — | 141,333 | 327,613 | ||||||||||||||||||
Precious Metals UltraSector ProFund | — | — | — | (59,386,455 | ) | 4,052,844 | (55,333,611 | ) | ||||||||||||||||
Real Estate UltraSector ProFund | 2,763,321 | 300,145 | — | — | 5,577,062 | 8,640,528 | ||||||||||||||||||
Rising Rates Opportunity ProFund | — | — | — | (50,870,009 | ) | (431,237 | ) | (51,301,246 | ) | |||||||||||||||
Rising Rates Opportunity 10 ProFund | — | — | — | (4,101,645 | ) | (3,417 | ) | (4,105,062 | ) | |||||||||||||||
Rising U.S. Dollar ProFund | — | — | — | (628,138 | ) | — | (628,138 | ) | ||||||||||||||||
Semiconductor UltraSector ProFund | 5,976,285 | 178,486 | — | — | 50,251,015 | 56,405,786 | ||||||||||||||||||
Short Nasdaq-100 ProFund | — | — | — | (13,081,201 | ) | (23,729 | ) | (13,104,930 | ) | |||||||||||||||
Short Oil & Gas ProFund | — | — | — | (1,681,508 | ) | 53,753 | (1,627,755 | ) | ||||||||||||||||
Short Precious Metals ProFund | — | — | — | (10,363,077 | ) | 229,798 | (10,133,279 | ) | ||||||||||||||||
Short Real Estate ProFund | — | — | — | (4,790,072 | ) | 2,525 | (4,787,547 | ) | ||||||||||||||||
Short Small-Cap ProFund | — | — | — | (15,089,232 | ) | (38,775 | ) | (15,128,007 | ) | |||||||||||||||
Small-Cap Growth ProFund | 228,742 | 327,512 | — | — | 3,168,146 | 3,724,400 | ||||||||||||||||||
Small-Cap ProFund | — | — | — | — | 1,235,849 | 1,235,849 | ||||||||||||||||||
Small-Cap Value ProFund | 158,696 | 46,458 | — | — | 3,232,588 | 3,437,742 | ||||||||||||||||||
Technology UltraSector ProFund | 6,724,798 | 558,581 | — | — | 48,970,689 | 56,254,068 | ||||||||||||||||||
Telecommunications UltraSector ProFund | 6,192 | — | — | (5,584,373 | ) | 124,414 | (5,453,767 | ) | ||||||||||||||||
UltraChina ProFund | — | — | — | (17,867,907 | ) | (1,894,008 | ) | (19,761,915 | ) | |||||||||||||||
UltraDow 30 ProFund | 2,441,092 | 102,530 | — | — | 14,206,230 | 16,749,852 | ||||||||||||||||||
UltraEmerging Markets ProFund | — | — | — | (4,476,455 | ) | 1,907,924 | (2,568,531 | ) | ||||||||||||||||
UltraInternational ProFund | — | — | — | (55,331 | ) | 18,897 | (36,434 | ) | ||||||||||||||||
UltraLatin America ProFund | 499,204 | — | — | (30,225,418 | ) | (2,202,861 | ) | (31,929,075 | ) | |||||||||||||||
UltraMid-Cap ProFund | 2,328,313 | 433,221 | — | — | 14,987,067 | 17,748,601 | ||||||||||||||||||
UltraShort China ProFund | — | — | — | (6,512,890 | ) | 110,560 | (6,402,330 | ) | ||||||||||||||||
UltraShort Dow 30 ProFund | — | — | — | (24,011,916 | ) | (50,535 | ) | (24,062,451 | ) | |||||||||||||||
UltraShort Emerging Markets ProFund | — | — | — | (12,533,184 | ) | 41,489 | (12,491,695 | ) | ||||||||||||||||
UltraShort International ProFund | — | — | — | (16,990,800 | ) | (6,975 | ) | (16,997,775 | ) | |||||||||||||||
UltraShort Japan ProFund | — | — | — | (10,528,863 | ) | (2,418 | ) | (10,531,281 | ) | |||||||||||||||
UltraShort Latin America ProFund | — | — | — | (15,834,062 | ) | 77,321 | (15,756,741 | ) | ||||||||||||||||
UltraShort Mid-Cap ProFund | — | — | — | (10,998,003 | ) | (47,853 | ) | (11,045,856 | ) | |||||||||||||||
UltraShort Small-Cap ProFund | — | — | — | (55,144,425 | ) | (170,047 | ) | (55,314,472 | ) | |||||||||||||||
UltraSmall-Cap ProFund | — | — | — | — | 15,298,053 | 15,298,053 | ||||||||||||||||||
U.S. Government Plus ProFund | — | — | — | (1,968,090 | ) | 735,651 | (1,232,439 | ) | ||||||||||||||||
Utilities UltraSector ProFund | — | — | — | (6,975,504 | ) | 3,515,110 | (3,460,394 | ) |
July 31, 2022 :: Notes to Financial Statements :: 369
Under current tax law, capital and specific ordinary losses realized after October 31 may be deferred and treated as occurring on the first business day of the following tax fiscal year. As of the end of their respective tax years ended October 31, 2021 and December 31, 2021, the following ProFunds had deferred losses, which will be treated as arising on the first day of the tax fiscal years ending in October 31, 2022 and December 31, 2022:
Qualified Late Year Ordinary Losses | ||||
October 31 tax year end ProFunds | ||||
Access Flex Bear High Yield ProFund | $ | 23,714 | ||
Falling U.S. Dollar ProFund | 39,077 | |||
Health Care UltraSector ProFund | 243,046 | |||
Oil Equipment & Services UltraSector ProFund | 86,533 | |||
Rising Rates Opportunity ProFund | 328,526 | |||
Rising Rates Opportunity 10 ProFund | 36,701 | |||
Rising U.S. Dollar ProFund | 97,156 | |||
Short Nasdaq-100 ProFund | 76,073 | |||
Short Oil & Gas ProFund | 15,427 | |||
Short Precious Metals ProFund | 38,083 | |||
Short Real Estate ProFund | 9,541 | |||
UltraEmerging Markets ProFund | 40,166 | |||
UltraInternational ProFund | 55,331 | |||
UltraShort China ProFund | 24,471 | |||
UltraShort Dow 30 ProFund | 49,821 | |||
UltraShort Emerging Markets ProFund | 10,640 | |||
UltraShort Japan ProFund | 4,780 | |||
UltraShort Latin America ProFund | 20,920 | |||
UltraShort Mid-Cap ProFund | 20,904 | |||
UltraShort Small-Cap ProFund | 81,953 | |||
U.S. Government Plus ProFund | 182,455 |
As of the end of their respective tax years ended October 31, 2021 and December 31, 2021, the following ProFunds have capital loss carry forwards ("CLCFs") as summarized in the table below. CLCFs subject to expiration are applied as short-term capital loss regardless of whether the originating capital loss was short-term or long-term. CLCFs that are not subject to expiration must be utilized before those that are subject to expiration.
Fund | No Expiration Date | |||
Access Flex Bear High Yield ProFund | $ | 5,375,515 | ||
Banks UltraSector ProFund | 1,068,963 | |||
Bear ProFund | 70,061,449 | |||
Europe 30 ProFund | 3,776,853 | |||
Falling U.S. Dollar ProFund | 2,596,949 | |||
Health Care UltraSector ProFund | 539,138 | |||
Large-Cap Value ProFund | 2,237,801 | |||
Oil & Gas UltraSector ProFund | 7,015,436 | |||
Oil Equipment & Services UltraSector ProFund | 19,000,959 | |||
Precious Metals UltraSector ProFund | 59,386,455 | |||
Rising Rates Opportunity ProFund | 50,541,483 | |||
Rising Rates Opportunity 10 ProFund | 4,064,944 | |||
Rising U.S. Dollar ProFund | 530,982 | |||
Short Nasdaq-100 ProFund | 13,005,128 | |||
Short Oil & Gas ProFund | 1,666,081 | |||
Short Precious Metals ProFund | 10,324,994 | |||
Short Real Estate ProFund | 4,780,531 | |||
Short Small-Cap ProFund | 15,089,232 | |||
Telecommunications UltraSector ProFund | 5,584,373 | |||
UltraBear ProFund | 100,305,801 | |||
UltraChina ProFund | 17,867,907 | |||
UltraEmerging Markets ProFund | 4,436,289 | |||
UltraLatin America ProFund | 30,225,418 | |||
UltraShort China ProFund | 6,488,419 | |||
UltraShort Dow 30 ProFund | 23,962,095 | |||
UltraShort Emerging Markets ProFund | 12,522,544 | |||
UltraShort International ProFund | 16,990,800 |
370 :: Notes to Financial Statements :: July 31, 2022
Fund | No Expiration Date | |||
UltraShort Japan ProFund | $ | 10,524,083 | ||
UltraShort Latin America ProFund | 15,813,142 | |||
UltraShort Mid-Cap ProFund | 10,977,099 | |||
UltraShort Nasdaq-100 ProFund | 53,646,478 | |||
UltraShort Small-Cap ProFund | 55,062,472 | |||
U.S. Government Plus ProFund | 1,785,635 | |||
Utilities UltraSector ProFund | 6,975,504 |
Unused limitations accumulate and increase limited CLCFs available for use in offsetting net capital gains. The tax character of current year distributions paid and the tax basis of the current components of accumulated earnings (deficit) and any CLCFs will be determined at the end of the current tax years. The Trust's Board of Trustees does not intend to authorize a distribution of any realized gain for a ProFund until any applicable CLCF has been offset or expires.
As of the end of their respective tax year ended October 31, 2021 and December 31, 2021, the cost of securities, including derivatives, gross unrealized appreciation and gross unrealized depreciation on investment securities, for federal income tax purposes, were as follows:
Tax Cost | Tax Unrealized Appreciation | Tax Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) | |||||||||||||
December 31 | ||||||||||||||||
Bear ProFund | $ | 8,908,000 | $ | 43,939 | $ | — | $ | 43,939 | ||||||||
Bull ProFund | 46,681,132 | 33,820,469 | (2,275,461 | ) | 31,545,008 | |||||||||||
Europe 30 ProFund | 2,632,002 | 1,002,254 | (681,778 | ) | 320,476 | |||||||||||
UltraBear ProFund | 6,606,000 | 61,072 | — | 61,072 | ||||||||||||
UltraBull ProFund | 96,780,884 | 61,962,112 | (7,772,629 | ) | 54,189,483 | |||||||||||
UltraJapan ProFund | 13,041,000 | — | (481 | ) | (481 | ) | ||||||||||
UltraNasdaq-100 ProFund | 810,109,884 | 518,074,447 | (57,945,399 | ) | 460,129,048 | |||||||||||
UltraShort Nasdaq-100 ProFund | 6,263,000 | 216,153 | — | 216,153 | ||||||||||||
October 31 | ||||||||||||||||
Access Flex Bear High Yield ProFund | 261,000 | — | — | — | ||||||||||||
Access Flex High Yield ProFund | 23,440,250 | — | (19,125 | ) | (19,125 | ) | ||||||||||
Banks UltraSector ProFund | 32,402,899 | 10,235,170 | (2,890,188 | ) | 7,344,982 | |||||||||||
Basic Materials UltraSector ProFund | 3,784,594 | 2,738,508 | (672,382 | ) | 2,066,126 | |||||||||||
Biotechnology UltraSector ProFund | 93,292,934 | 71,658,606 | (3,081,277 | ) | 68,577,329 | |||||||||||
Bitcoin Strategy ProFund | 25,056,568 | 13,799,408 | — | 13,799,408 | ||||||||||||
Communication Services UltraSector ProFund | 8,242,738 | 2,587,583 | (446,262 | ) | 2,141,321 | |||||||||||
Consumer Goods UltraSector ProFund | 5,355,528 | 3,210,611 | (106,483 | ) | 3,104,128 | |||||||||||
Consumer Services UltraSector ProFund | 27,804,235 | 31,219,580 | (1,057,489 | ) | 30,162,091 | |||||||||||
Falling U.S. Dollar ProFund | 1,128,000 | — | — | — | ||||||||||||
Financials UltraSector ProFund | 25,856,238 | 4,434,899 | (1,969,100 | ) | 2,465,799 | |||||||||||
Health Care UltraSector ProFund | 15,836,549 | 11,202,932 | (600,330 | ) | 10,602,602 | |||||||||||
Industrials UltraSector ProFund | 16,536,464 | 4,030,599 | (762,592 | ) | 3,268,007 | |||||||||||
Internet UltraSector ProFund | 133,848,948 | 104,263,035 | (7,417,597 | ) | 96,845,438 | |||||||||||
Large-Cap Growth ProFund | 12,592,704 | 13,922,442 | (710,537 | ) | 13,211,905 | |||||||||||
Large-Cap Value ProFund | 3,730,441 | 2,397,510 | (681,333 | ) | 1,716,177 | |||||||||||
Mid-Cap Growth ProFund | 2,789,184 | 2,110,628 | (281,966 | ) | 1,828,662 | |||||||||||
Mid-Cap ProFund | 4,443,832 | 2,197,692 | (266,910 | ) | 1,930,782 | |||||||||||
Mid-Cap Value ProFund | 6,538,437 | 2,115,443 | (559,194 | ) | 1,556,249 | |||||||||||
Nasdaq-100 ProFund | 118,293,417 | 51,770,634 | (2,391,181 | ) | 49,379,453 | |||||||||||
Oil & Gas UltraSector ProFund | 24,967,503 | 9,325,250 | (2,680,345 | ) | 6,644,905 | |||||||||||
Oil Equipment & Services UltraSector ProFund | 32,348,609 | 4,128,112 | (6,034,604 | ) | (1,906,492 | ) | ||||||||||
Pharmaceuticals UltraSector ProFund | 6,535,258 | 668,855 | (527,522 | ) | 141,333 | |||||||||||
Precious Metals UltraSector ProFund | 19,584,742 | 10,926,550 | (6,873,706 | ) | 4,052,844 | |||||||||||
Real Estate UltraSector ProFund | 140,225,049 | 7,392,870 | (1,815,808 | ) | 5,577,062 | |||||||||||
Rising Rates Opportunity ProFund | 13,937,000 | — | (431,237 | ) | (431,237 | ) | ||||||||||
Rising Rates Opportunity 10 ProFund | 2,161,000 | — | (3,417 | ) | (3,417 | ) | ||||||||||
Rising U.S. Dollar ProFund | 6,301,000 | — | — | — | ||||||||||||
Semiconductor UltraSector ProFund | 38,424,697 | 51,161,561 | (910,546 | ) | 50,251,015 | |||||||||||
Short Nasdaq-100 ProFund | 1,729,000 | — | (23,729 | ) | (23,729 | ) | ||||||||||
Short Oil & Gas ProFund | 2,656,000 | 53,753 | — | 53,753 | ||||||||||||
Short Precious Metals ProFund | 4,407,000 | 229,798 | — | 229,798 | ||||||||||||
Short Real Estate ProFund | 455,000 | 2,525 | — | 2,525 | ||||||||||||
Short Small-Cap ProFund | 662,000 | — | (38,775 | ) | (38,775 | ) |
July 31, 2022 :: Notes to Financial Statements :: 371
Tax Cost | Tax Unrealized Appreciation | Tax Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) | |||||||||||||
Small-Cap Growth ProFund | $ | 4,149,762 | $ | 3,654,831 | $ | (486,685 | ) | $ | 3,168,146 | |||||||
Small-Cap ProFund | 5,182,341 | 1,454,553 | (218,704 | ) | 1,235,849 | |||||||||||
Small-Cap Value ProFund | 13,514,686 | 4,654,434 | (1,421,846 | ) | 3,232,588 | |||||||||||
Technology UltraSector ProFund | 60,622,285 | 49,981,244 | (1,010,555 | ) | 48,970,689 | |||||||||||
Telecommunications UltraSector ProFund | 755,758 | 230,321 | (105,907 | ) | 124,414 | |||||||||||
UltraChina ProFund | 22,512,625 | 5,197,839 | (7,091,847 | ) | (1,894,008 | ) | ||||||||||
UltraDow 30 ProFund | 26,299,251 | 15,157,283 | (951,053 | ) | 14,206,230 | |||||||||||
UltraEmerging Markets ProFund | 5,409,574 | 3,581,887 | (1,673,963 | ) | 1,907,924 | |||||||||||
UltraInternational ProFund | 2,557,000 | 18,897 | — | 18,897 | ||||||||||||
UltraLatin America ProFund | 14,199,608 | 3,986,863 | (6,189,724 | ) | (2,202,861 | ) | ||||||||||
UltraMid-Cap ProFund | 42,936,259 | 16,867,656 | (1,880,589 | ) | 14,987,067 | |||||||||||
UltraShort China ProFund | 2,095,000 | 110,560 | — | 110,560 | ||||||||||||
UltraShort Dow 30 ProFund | 2,783,000 | — | (50,535 | ) | (50,535 | ) | ||||||||||
UltraShort Emerging Markets ProFund | 976,000 | 41,489 | — | 41,489 | ||||||||||||
UltraShort International ProFund | 1,812,000 | — | (6,975 | ) | (6,975 | ) | ||||||||||
UltraShort Japan ProFund | 236,000 | — | (2,418 | ) | (2,418 | ) | ||||||||||
UltraShort Latin America ProFund | 1,364,000 | 77,321 | — | 77,321 | ||||||||||||
UltraShort Mid-Cap ProFund | 1,637,000 | — | (47,853 | ) | (47,853 | ) | ||||||||||
UltraShort Small-Cap ProFund | 3,395,000 | — | (170,047 | ) | (170,047 | ) | ||||||||||
UltraSmall-Cap ProFund | 71,522,916 | 19,975,589 | (4,677,536 | ) | 15,298,053 | |||||||||||
U.S. Government Plus ProFund | 19,161,000 | 735,651 | — | 735,651 | ||||||||||||
Utilities UltraSector ProFund | 4,930,464 | 3,828,966 | (313,856 | ) | 3,515,110 |
8. Transactions with Lehman Brothers Holdings, Inc.
On September 15, 2008, Lehman Brothers Holdings, Inc. filed a petition for Chapter 11 bankruptcy. Prior thereto, the ProFunds transacted business with subsidiaries of Lehman Brothers Holdings, Inc. (altogether, "Lehman") whereby Lehman acted as a counterparty to certain derivative transactions. All derivatives transactions with Lehman were terminated prior to September 15, 2008, but certain settlement payments relating to such transactions were not due to be made until on or after that date. Settlement of these transactions has been delayed due to Lehman's bankruptcy proceedings.
As of July 31, 2022, Access Flex Bear High Yield ProFund was owed $296,600 and the Rising U.S. Dollar ProFund was owed $684,637 of the original amount owed, as of September 15, 2008, of $925,069 and $2,135,323, respectively, from over-the-counter derivatives transactions with Lehman. To the extent Lehman fails to fully pay the Access Flex Bear High Yield ProFund and the Rising U.S Dollar ProFund by the conclusion of the bankruptcy in connection with the settlement of such transactions, the Advisor, an affiliate of the Trust, has entered into a Receivables Agreement dated September 15, 2008 to reimburse each ProFund for any shortfall in payments from Lehman. Specifically, the Receivables Agreement among the Advisor, ProShare Advisors LLC (an investment adviser affiliated with the Advisor) and ProFunds Trust, ProShares Trust and the Trust (collectively, the "PF Trusts") (each affiliated and under common controls with the other PF Trusts) provides that the investment adviser to specified funds of the PF Trusts will contribute cash to any such fund, equal to the amounts owed to the fund from Lehman for brokerage transactions written over-the-counter derivatives agreements as of September 15, 2008 (the "Lehman Obligations"). The Receivable Agreement will not terminate until all Lehman Obligations are paid. Payments are triggered if any specified fund of a PF Trust, including the Access Flex Bear High Yield ProFund and the Rising U.S. Dollar ProFund, does not recover the full amounts owed to it by Lehman following the conclusion of all bankruptcy, liquidation and Securities Investor Protection Corporation proceedings related to Lehman. Accordingly, no loss is expected to be realized by either the Access Flex Bear High Yield ProFund the Rising U.S. Dollar ProFund. Lehman has made payments on the original amount owed to the Access Flex Bear High Yield ProFund and the Rising U.S. Dollar ProFund. The fair values of the remaining claims due from Lehman are $3,602 and $8,314, respectively, and are included in "Receivable for closed swap positions" and "Receivable for closed forward currency contracts", respectively, on the Statements of Assets and Liabilities. The fair value of the amounts that are estimated to be paid by the Advisor are $292,998 and $676,323, respectively, and are included in "Due from Advisor under a Receivables Agreement" on the Statements of Assets and Liabilities. All other outstanding balances due from Lehman have been substantially relieved as of July 31, 2022.
9. Share Splits and Reverse Share Splits
Effective December 14, 2020, the Consumer Goods UltraSector ProFund, the Internet UltraSector ProFund, and the UltraNasdaq-100 ProFund underwent a 2-for-1 share split, the Oil Equipment & Services UltraSector ProFund, the UltraBear ProFund, the UltraShort Dow 30 ProFund, the UltraShort Emerging Markets ProFund, and the UltraShort International ProFund underwent a 1-for-4 reverse share split, and the UltraShort Nasdaq-100 ProFund underwent a 1-for-8 reverse share split.
Effective November 18, 2019, the Bull ProFund, the Consumer Services UltraSector ProFund, the Industrials UltraSector ProFund, the Technology UltraSector ProFund, and the UltraDow 30 ProFund underwent a 3-for-1 share split, the Short Nasdaq-100 ProFund underwent a 1-for-4 reverse share split, and the Oil Equipment & Services UltraSector ProFund underwent a 1-for-8 reverse share split.
372 :: Notes to Financial Statements :: July 31, 2022
Effective January 22, 2018, the UltraBull ProFund, the UltraMid-Cap ProFund, and the UltraNasdaq-100 ProFund underwent a 3-for-1 share split, the UltraShort China ProFund underwent a 1-for-8 reverse share split; the UltraShort Japan ProFund and the UltraShort Latin America ProFund underwent a 1-for-5 reverse share split, and the UltraShort Small-Cap ProFund underwent a 1-for-4 reverse share split.
Effective December 5, 2016, the Access Flex Bear High Yield ProFund underwent a 1-for-5 reverse share split.
The effect of the share split transactions was to multiply the number of outstanding shares of the ProFunds by the respective split factor, with a corresponding decrease in net asset value per share; and the effect of the reverse share split transactions was to divide the number of outstanding shares of the ProFunds by the respective reverse split factor, with a corresponding increase in the net asset value per share. These transactions did not change the net assets of these ProFunds or the value of a shareholder's investment.
The historical share transactions presented in the Statements of Changes in Net Assets and per share data presented in the Financial Highlights have been adjusted retroactively to give effect to the share splits and reverse share splits. Additionally, when the application of reverse share splits resulted in fractional shares for beneficial shareholders, a portion of the cost of shares redeemed as presented in the Statements of Changes in Net Assets, reflects payment of fractional share balances on beneficial shareholder accounts.
10. Shareholder Concentration
Ownership of more than 25% of the voting securities for a fund creates presumptions of control of the fund, under Section 2(a)(9) of the 1940Act. As of July 31, 2022, the following shareholders were deemed a significant shareholder of the following ProFunds:
Shareholder Name | % of Fund Owned | |||||
Short Bitcoin Strategy ProFund | ProFund Advisors LLC | 82 | % | |||
Short Precious Metals ProFund | Eric R. Fischer | 38 | % | |||
UltraJapan ProFund | Robert Ronus | 34 | % | |||
UltraLatin America ProFund | Warren M. Merguerian | 37 | % |
11. Subsequent Events
The ProFunds have evaluated the need for additional disclosures or adjustments resulting from subsequent events through the date these financial statements were issued. Based on this evaluation, there were no subsequent events to report that would have a material impact on the ProFunds' financial statements.
Report of Independent Registered Public Accounting Firm :: 373
To the Shareholders and Board of Trustees
ProFunds:
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities/consolidated statements of assets and liabilities of the Funds listed in the Appendix that comprise ProFunds (each a Fund and collectively, the Funds), including the schedules of portfolio investments and consolidated schedules of portfolio investments (the summary schedules of portfolio investments for the Bull ProFund, Small-Cap ProFund, UltraBull ProFund, and UltraSmall-Cap ProFund), as of July 31, 2022, the related statements of operations/consolidated statements of operations (and consolidated statements of cash flows for Bitcoin Strategy ProFund and Short Bitcoin Strategy ProFund) for the year or period listed in the Appendix, the statements of changes in net assets/consolidated statements of changes in net assets for each of the years or periods listed in the Appendix, and the related notes (collectively, the financial statements) and the financial highlights/consolidated financial highlights (collectively, the financial highlights) for each of the years or periods in the five-year period then ended. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each Fund as of July 31, 2022, the results of its operations (and cash flows for Bitcoin Strategy ProFund and Short Bitcoin Strategy ProFund) for the year or period listed in the Appendix, the changes in its net assets for each of the years or periods listed in the Appendix, and the financial highlights for each of the years or periods in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These financial statements and financial highlights are the responsibility of the Funds' management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Such procedures also included confirmation of securities owned as of July 31, 2022, by correspondence with custodians and brokers or by other appropriate auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audits provide a reasonable basis for our opinion.
We have served as the auditor of one or more ProFunds investment companies since 2010.
Columbus, Ohio
September 28, 2022
374 :: Report of Independent Registered Public Accounting Firm
Appendix
Statements of assets and liabilities, including the schedules of portfolio investments (the summary schedules of portfolio investments for the Bull ProFund, Small-Cap ProFund, UltraBull ProFund, and UltraSmall-Cap ProFund), as of July 31, 2022, the related statements of operations for the year then ended, and the statements of changes in net assets for each of the years in the two-year period then ended.
Banks UltraSector ProFund
Basic Materials UltraSector ProFund
Bear ProFund
Biotechnology UltraSector ProFund
Bull ProFund
Communication Services Ultrasector ProFund
Consumer Goods UltraSector ProFund
Consumer Services UltraSector ProFund
Europe 30 ProFund
Falling U.S. Dollar ProFund
Financials UltraSector ProFund
Health Care UltraSector ProFund
Industrials UltraSector ProFund
Internet UltraSector ProFund
Large-Cap Growth ProFund
Large-Cap Value ProFund
Mid-Cap Growth ProFund
Mid-Cap ProFund
Mid-Cap Value ProFund
Nasdaq-100 ProFund
Oil & Gas UltraSector ProFund
Oil Equipment & Services UltraSector ProFund
Pharmaceuticals UltraSector ProFund
Precious Metals UltraSector ProFund
Real Estate UltraSector ProFund
Rising Rates Opportunity ProFund
Rising Rates Opportunity 10 ProFund
Rising U.S. Dollar ProFund
Semiconductor UltraSector ProFund
Short Nasdaq-100 ProFund
Short Oil & Gas ProFund
Short Precious Metals ProFund
Short Real Estate ProFund
Short Small-Cap ProFund
Small-Cap Growth ProFund
Small-Cap ProFund
Small-Cap Value ProFund
Technology UltraSector ProFund
Telecommunications UltraSector ProFund
UltraBear ProFund
UltraBull ProFund
UltraChina ProFund
UltraDow 30 ProFund
UltraEmerging Markets ProFund
UltraInternational ProFund
UltraJapan ProFund
UltraLatin America ProFund
UltraMid-Cap ProFund
UltraNasdaq-100 ProFund
UltraShort China ProFund
UltraShort Dow 30 ProFund
UltraShort Emerging Markets ProFund
UltraShort International ProFund
UltraShort Japan ProFund
UltraShort Latin America ProFund
UltraShort Mid-Cap ProFund
UltraShort Nasdaq-100 ProFund
UltraShort Small-Cap ProFund
UltraSmall-Cap ProFund
U.S. Government Plus ProFund
Utilities UltraSector ProFund
Statements of assets and liabilities, including the schedules of portfolio investments, as of July 31, 2022, the related statements of operations for the year then ended, and the statements of changes in net assets for the year ended July 31, 2022, the period November 1, 2020 through July 31, 2021 and the year ended October 31, 2020.
Access Flex Bear High Yield ProFund
Access Flex High Yield ProFund
Consolidated statement of assets and liabilities, including the consolidated schedule of portfolio investments, as of July 31, 2022, the related consolidated statements of operations and cash flows for the year then ended, and changes in net assets for the year ended July 31, 2022 and the period July 28, 2021 (commencement of operations) through July 31, 2021.
Bitcoin Strategy ProFund
Consolidated statement of assets and liabilities, including the consolidated schedule of portfolio investments, as of July 31, 2022, the related consolidated statements of operations, cash flows, and changes in net assets for the period June 21, 2022 (commencement of operations) through July 31, 2022.
Short Bitcoin Strategy ProFund
Trustees and Executive Officers (unaudited) :: 375
Name, Address, and Birth Date | Position(s) Held with the Trust | Term of Office and Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of Operational Portfolios in Fund Complex Overseen by Trustee* | Other Directorships Held by Trustee During Past 5 Years | ||||||
Independent Trustees | |||||||||||
William D. Fertig c/o ProFunds Trust 7272 Wisconsin Avenue, 21st Floor Bethesda, MD 20814 Birth Date: 9/56 | Trustee | Indefinite; June 2011 to present | Context Capital Management (Alternative Asset Management): Chief Investment Officer (September 2002 to present). | ProFunds (117); ProShares Trust (120) | Context Capital | ||||||
Russell S. Reynolds, III c/o ProFunds Trust 7272 Wisconsin Avenue, 21st Floor Bethesda, MD 20814 Birth Date: 7/57 | Trustee | Indefinite; October 1997 to present | RSR Partners, Inc. (Executive Recruitment and Corporate Governance Consulting): Managing Director (February 1993 to present). | ProFunds (117); ProShares Trust (120) | RSR Partners, Inc. | ||||||
Michael C. Wachs c/o ProFunds Trust 7272 Wisconsin Avenue, 21st Floor Bethesda, MD 20814 Birth Date: 10/61 | Trustee | Indefinite; October 1997 to present | Linden Lane Capital Partners LLC (Real Estate Investment and Development): Managing Principal (2010 to present). | ProFunds (117); ProShares Trust (120) | NAIOP (the Commercial Real Estate Development Association) | ||||||
Interested Trustee | |||||||||||
Michael L. Sapir** 7272 Wisconsin Avenue, 21st Floor Bethesda, MD 20814 Birth Date: 5/58 | Trustee and Chairman of the Board | Indefinite; April 1997 to present | Chairman and Chief Executive Officer of the Advisor (April 1997 to present); ProShare Advisors LLC (November 2005 to present); ProShare Capital Management LLC (June 2008 to present). | ProFunds (117); ProShares Trust (120) |
* | The "Fund Complex" consists of all operational registered investment companies under the 1940 Act that are advised by ProFund Advisors LLC and any operational registered investment companies that have an investment adviser that is an affiliated person of ProFund Advisors LLC. Investment companies that are non-operational (and therefore, not publicly offered) as of the date of this report are excluded from these figures. |
** | Mr. Sapir is an "interested person," as defined by the 1940 Act, because of his ownership interest in the Advisor. |
Name, Address, and Birth Date | Position(s) Held with the Trust | Term of Office and Length of Time Served | Principal Occupation(s) During the Past 5 Years | ||||
Executive Officers | |||||||
Todd B. Johnson 7272 Wisconsin Avenue, 21st Floor Bethesda, MD 20814 Birth Date: 1/64 | President | Indefinite; January 2014 to present | Chief Investment Officer of the Advisor and ProShare Advisors LLC (December 2008 to present); and ProShare Capital Management LLC (February 2009 to present). | ||||
Victor M. Frye, Esq. 7272 Wisconsin Avenue, 21st Floor Bethesda, MD 20814 Birth Date: 10/58 | Chief Compliance Officer and Anti-Money Laundering Officer | Indefinite; September 2004 to present | Counsel and Chief Compliance Officer of the Advisor (October 2002 to present) and ProShare Advisors LLC (December 2004 to present); Secretary of ProFunds Distributors, Inc. (April 2008 to present); Chief Compliance Officer of ProFunds Distributors, Inc. (July 2015 to present). | ||||
Richard F. Morris 7272 Wisconsin Avenue, 21st Floor Bethesda, MD 20814 Birth Date: 8/67 | Chief Legal Officer and Secretary | Indefinite; December 2015 to present | General Counsel of the Advisor, ProShare Advisors, and ProShare Capital Management LLC (December 2015 to present); Chief Legal Officer of ProFunds Distributors, Inc. (December 2015 to present); Partner at Morgan Lewis & Bockius, LLP (October 2012 to November 2015). | ||||
Denise Lewis 4400 Easton Commons, Suite 200 Columbus, OH 43219 Birth Date: 10/63 | Treasurer | Indefinite; June 2022 to present | Senior Vice President, Fund Administration, Citi Fund Services Ohio, Inc. (August 2020 to present) Director, Bank of New York Mellon (September 2015-October 2019) |
The Funds' Statement of Additional Information includes additional information about the Funds' Trustees and Officers. To receive your free copy of the Statement of Additional Information, call toll-free 888-776-3637.
P.O. Box 182800
Columbus, OH 43218-2800
ProFunds®
Post Office Mailing Address for Investments
P.O. Box 182800
Columbus, OH 43218-2800
Phone Numbers
For Individual Investors Only: 888-776-3637 Or: 614-470-8122
Institutions and Financial Professionals Only: 888-776-5717 Or: 240-497-6552
Fax Number: (800) 782-4797
Website Address: ProFunds.com
This report is submitted for the general information of the shareholders of the ProFunds. It is not authorized for distribution to prospective investors unless preceded or accompanied by an effective prospectus. To receive the most recent month end performance information for each Fund, please call toll-free 888-776-5717.
A description of the policies and procedures that the ProFunds uses to determine how to vote proxies relating to portfolio securities is available without charge, upon request, by calling toll-free 888-776-3637; and on the Securities and Exchange Commission's website at sec.gov. Information regarding how the ProFund voted proxies relating to portfolio securities during the most recent 12-month period ended June 30 is available. (i) without change by calling toll-free 888-776-3637; (ii) on the ProFunds' website at ProFunds.com; and (iii) on the Commission's website at sec.gov.
ProFunds files complete lists of portfolio holdings with the Commission for the first and third quarters of each fiscal year on Form N-PORT (and successor Forms). Schedules of Portfolio Holding for the Funds in this report are available without charge on the Commission's website at sec.gov, or may be reviewed and copied at the Commission's Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling 800-SEC-0330.
07/22
Item 2. Code of Ethics.
The registrant has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. This code of ethics is included as Exhibit 13(a)(1).
During the period covered by the report, with respect to the registrant’s code of ethics that applies to its principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions; there have been no amendments to, nor any waivers granted from, a provision that relates to any element of the code of ethics definition enumerated in paragraph (b) of this Item 2.
Item 3. Audit Committee Financial Expert.
3(a)(1) The registrant’s board of directors has determined that the registrant has at least one audit committee financial expert serving on its audit committee.
3(a)(2) The audit committee financial experts are Michael C. Wachs and William D. Fertig, who are “independent” for purposes of this Item 3 of Form N-CSR.
Item 4. Principal Accountant Fees and Services.
(a) Audit Fees:
2021 $741,650
2022 $778,885
The fees relate to the audit of the registrant’s annual financial statements and the review of the annual post-effective registration statements paid to KPMG LLP.
(b) Audit-Related Fees:
2021 $0
2022 $0
(c) Tax Fees:
2021 $294,000
2022 $327,230
The fees relate to the preparation of the registrant’s tax returns and review of income and capital gain distribution calculations paid to KPMG LLP.
(d) All Other Fees:
2021 $0
2022 $0
(e)(1) | The Audit Committee may pre-approve at any regularly scheduled Audit Committee meeting audit, audit-related, tax and other non-audit services to be rendered or that may be rendered by the Auditor to the Trust and certain non-audit services to be rendered by the Auditor to the Advisor which require pre-approval by the Audit Committee. In connection with such pre-approvals, the Auditor, or a Trust officer, with the assistance of the Auditor, shall provide the Audit Committee with a report containing information about each type of service to be pre-approved at the meeting. |
The Trust will use a combination of the two approaches for pre-approving proposed services: (1) the proposed service be specifically pre-approved by the Audit Committee (“specific pre-approval”) or (2) may be pre-approved without consideration of specific case-by-case services by the audit committee (“general pre-approval”). Unless a type of service has received general pre-approval, it will require specific pre-approval by the Audit Committee. Additionally, any proposed services exceeding pre-approved cost levels will also require specific pre-approval by the Audit Committee.
(e)(2) | No Services included in (b)-(d) above were approved pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X. |
(f) | Not applicable as less than 50%. |
(g) | 2021 $294,000 |
2022 $327,230
These aggregate fees were billed in the Reporting Periods for non-audit services by the principal accountant to the Registrant and Fund Management.
(h) | Not applicable. |
(i) | Not applicable. |
(j) | Not applicable. |
Item 5. | Audit Committee of Listed Registrants. |
Not applicable.
Item 6. Schedule of Investments.
(a)
Bull ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (72.6%)
Shares | Value | |||||||
3M Co. (Industrial Conglomerates) | 519 | $ | 74,342 | |||||
A.O. Smith Corp. (Building Products) | 119 | 7,529 | ||||||
Abbott Laboratories (Health Care Equipment & Supplies) | 1,600 | 174,143 | ||||||
AbbVie, Inc. (Biotechnology) | 1,614 | 231,626 | ||||||
ABIOMED, Inc.* (Health Care Equipment & Supplies) | 42 | 12,306 | ||||||
Accenture PLC - Class A (IT Services) | 578 | 177,018 | ||||||
Activision Blizzard, Inc. (Entertainment) | 714 | 57,084 | ||||||
Adobe, Inc.* (Software) | 431 | 176,762 | ||||||
Advance Auto Parts, Inc. (Specialty Retail) | 56 | 10,843 | ||||||
Advanced Micro Devices, Inc.* (Semiconductors & Semiconductor Equipment) | 1,480 | 139,816 | ||||||
Aflac, Inc. (Insurance) | 541 | 30,999 | ||||||
Agilent Technologies, Inc. (Life Sciences Tools & Services) | 274 | 36,743 | ||||||
Air Products & Chemicals, Inc. (Chemicals) | 203 | 50,391 | ||||||
Akamai Technologies, Inc.* (IT Services) | 146 | 14,048 | ||||||
Alaska Air Group, Inc.* (Airlines) | 115 | 5,098 | ||||||
Albemarle Corp. (Chemicals) | 107 | 26,141 | ||||||
Alexandria Real Estate Equities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 136 | 22,546 | ||||||
Align Technology, Inc.* (Health Care Equipment & Supplies) | 67 | 18,825 | ||||||
Allegion PLC (Building Products) | 80 | 8,456 | ||||||
Alliant Energy Corp. (Electric Utilities) | 229 | 13,953 | ||||||
Alphabet, Inc.* - Class A (Interactive Media & Services) | 5,500 | 639,760 | ||||||
Alphabet, Inc.* - Class C (Interactive Media & Services) | 5,040 | 587,866 | ||||||
Altria Group, Inc. (Tobacco) | 1,654 | 72,544 | ||||||
Amazon.com, Inc.* (Internet & Direct Marketing Retail) | 7,988 | 1,077,980 | ||||||
Amcor PLC (Containers & Packaging) | 1,373 | 17,780 | ||||||
Ameren Corp. (Multi-Utilities) | 236 | 21,976 | ||||||
American Airlines Group, Inc.* (Airlines) | 593 | 8,130 | ||||||
American Electric Power Co., Inc. (Electric Utilities) | 469 | 46,225 | ||||||
American Express Co. (Consumer Finance) | 557 | 85,789 | ||||||
American International Group, Inc. (Insurance) | 723 | 37,430 | ||||||
American Tower Corp. (Equity Real Estate Investment Trusts (REITs)) | 424 | 114,831 | ||||||
American Water Works Co., Inc. (Water Utilities) | 166 | 25,803 | ||||||
Ameriprise Financial, Inc. (Capital Markets) | 101 | 27,262 | ||||||
AmerisourceBergen Corp. (Health Care Providers & Services) | 138 | 20,138 | ||||||
AMETEK, Inc. (Electrical Equipment) | 211 | 26,059 | ||||||
Amgen, Inc. (Biotechnology) | 488 | 120,765 | ||||||
Amphenol Corp. - Class A (Electronic Equipment, Instruments & Components) | 546 | 42,113 | ||||||
Analog Devices, Inc. (Semiconductors & Semiconductor Equipment) | 478 | 82,197 | ||||||
ANSYS, Inc.* (Software) | 79 | 22,040 | ||||||
Aon PLC (Insurance) | 194 | 56,462 | ||||||
APA Corp. (Oil, Gas & Consumable Fuels) | 309 | 11,486 | ||||||
Apple, Inc. (Technology Hardware, Storage & Peripherals) | 14,037 | 2,281,153 | ||||||
Applied Materials, Inc. (Semiconductors & Semiconductor Equipment) | 808 | 85,632 | ||||||
Aptiv PLC* (Auto Components) | 247 | 25,908 | ||||||
Archer-Daniels-Midland Co. (Food Products) | 514 | 42,543 | ||||||
Arista Networks, Inc.* (Communications Equipment) | 206 | 24,026 | ||||||
Arthur J. Gallagher & Co. (Insurance) | 192 | 34,366 | ||||||
Assurant, Inc. (Insurance) | 49 | 8,613 | ||||||
AT&T, Inc. (Diversified Telecommunication Services) | 6,542 | 122,859 | ||||||
Atmos Energy Corp. (Gas Utilities) | 127 | 15,417 | ||||||
Autodesk, Inc.* (Software) | 199 | 43,048 | ||||||
Automatic Data Processing, Inc. (IT Services) | 382 | 92,108 | ||||||
AutoZone, Inc.* (Specialty Retail) | 18 | 38,473 | ||||||
AvalonBay Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 128 | 27,384 | ||||||
Avery Dennison Corp. (Containers & Packaging) | 75 | 14,285 | ||||||
Baker Hughes Co. - Class A (Energy Equipment & Services) | 854 | 21,939 | ||||||
Ball Corp. (Containers & Packaging) | 293 | 21,513 | ||||||
Bank of America Corp. (Banks) | 6,473 | 218,852 | ||||||
Bath & Body Works, Inc. (Specialty Retail) | 218 | 7,748 | ||||||
Baxter International, Inc. (Health Care Equipment & Supplies) | 460 | 26,984 | ||||||
Becton, Dickinson & Co. (Health Care Equipment & Supplies) | 260 | 63,521 | ||||||
Berkshire Hathaway, Inc.* - Class B (Diversified Financial Services) | 1,652 | 496,591 | ||||||
Best Buy Co., Inc. (Specialty Retail) | 185 | 14,243 | ||||||
Biogen, Inc.* (Biotechnology) | 134 | 28,818 | ||||||
Bio-Rad Laboratories, Inc.* - Class A (Life Sciences Tools & Services) | 20 | 11,265 | ||||||
Bio-Techne Corp. (Life Sciences Tools & Services) | 36 | 13,870 | ||||||
BlackRock, Inc. - Class A (Capital Markets) | 130 | 86,993 | ||||||
Booking Holdings, Inc.* (Hotels, Restaurants & Leisure) | 37 | 71,621 | ||||||
BorgWarner, Inc. (Auto Components) | 219 | 8,423 | ||||||
Boston Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 130 | 11,851 | ||||||
Boston Scientific Corp.* (Health Care Equipment & Supplies) | 1,306 | 53,611 | ||||||
Bristol-Myers Squibb Co. (Pharmaceuticals) | 1,944 | 143,428 | ||||||
Broadcom, Inc. (Semiconductors & Semiconductor Equipment) | 373 | 199,734 | ||||||
Broadridge Financial Solutions, Inc. (IT Services) | 107 | 17,179 | ||||||
Brown & Brown, Inc. (Insurance) | 214 | 13,931 | ||||||
Brown-Forman Corp. - Class B (Beverages) | 167 | 12,395 | ||||||
C.H. Robinson Worldwide, Inc. (Air Freight & Logistics) | 116 | 12,841 | ||||||
Cadence Design Systems, Inc.* (Software) | 253 | 47,078 | ||||||
Caesars Entertainment, Inc.* (Hotels, Restaurants & Leisure) | 196 | 8,955 | ||||||
Camden Property Trust (Equity Real Estate Investment Trusts (REITs)) | 97 | 13,687 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Bull ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Campbell Soup Co. (Food Products) | 185 | $ | 9,130 | |||||
Capital One Financial Corp. (Consumer Finance) | 359 | 39,429 | ||||||
Cardinal Health, Inc. (Health Care Providers & Services) | 249 | 14,830 | ||||||
CarMax, Inc.* (Specialty Retail) | 147 | 14,632 | ||||||
Carnival Corp.* - Class A (Hotels, Restaurants & Leisure) | 905 | 8,199 | ||||||
Carrier Global Corp. (Building Products) | 774 | 31,370 | ||||||
Catalent, Inc.* (Pharmaceuticals) | 164 | 18,548 | ||||||
Caterpillar, Inc. (Machinery) | 487 | 96,547 | ||||||
Cboe Global Markets, Inc. (Capital Markets) | 97 | 11,968 | ||||||
CBRE Group, Inc.* - Class A (Real Estate Management & Development) | 298 | 25,515 | ||||||
CDW Corp. (Electronic Equipment, Instruments & Components) | 123 | 22,328 | ||||||
Celanese Corp. (Chemicals) | 99 | 11,633 | ||||||
Centene Corp.* (Health Care Providers & Services) | 535 | 49,739 | ||||||
CenterPoint Energy, Inc. (Multi-Utilities) | 575 | 18,222 | ||||||
Ceridian HCM Holding, Inc.* (Software) | 125 | 6,846 | ||||||
CF Industries Holdings, Inc. (Chemicals) | 190 | 18,143 | ||||||
Charles River Laboratories International, Inc.* (Life Sciences Tools & Services) | 46 | 11,525 | ||||||
Charter Communications, Inc.* - Class A (Media) | 106 | 45,803 | ||||||
Chevron Corp. (Oil, Gas & Consumable Fuels) | 1,794 | 293,820 | ||||||
Chipotle Mexican Grill, Inc.* (Hotels, Restaurants & Leisure) | 26 | 40,670 | ||||||
Chubb, Ltd. (Insurance) | 387 | 73,004 | ||||||
Church & Dwight Co., Inc. (Household Products) | 222 | 19,529 | ||||||
Cigna Corp. (Health Care Providers & Services) | 290 | 79,854 | ||||||
Cincinnati Financial Corp. (Insurance) | 136 | 13,238 | ||||||
Cintas Corp. (Commercial Services & Supplies) | 79 | 33,614 | ||||||
Cisco Systems, Inc. (Communications Equipment) | 3,792 | 172,043 | ||||||
Citigroup, Inc. (Banks) | 1,775 | 92,123 | ||||||
Citizens Financial Group, Inc. (Banks) | 448 | 17,011 | ||||||
Citrix Systems, Inc. (Software) | 114 | 11,561 | ||||||
CME Group, Inc. (Capital Markets) | 328 | 65,429 | ||||||
CMS Energy Corp. (Multi-Utilities) | 265 | 18,213 | ||||||
Cognizant Technology Solutions Corp. - Class A (IT Services) | 476 | 32,349 | ||||||
Colgate-Palmolive Co. (Household Products) | 766 | 60,315 | ||||||
Comcast Corp. - Class A (Media) | 4,081 | 153,118 | ||||||
Comerica, Inc. (Banks) | 119 | 9,255 | ||||||
Conagra Brands, Inc. (Food Products) | 438 | 14,984 | ||||||
ConocoPhillips (Oil, Gas & Consumable Fuels) | 1,181 | 115,065 | ||||||
Consolidated Edison, Inc. (Multi-Utilities) | 324 | 32,163 | ||||||
Constellation Brands, Inc. - Class A (Beverages) | 149 | 36,700 | ||||||
Constellation Energy Corp. (Electric Utilities) | 299 | 19,764 | ||||||
Copart, Inc.* (Commercial Services & Supplies) | 195 | 24,980 | ||||||
Corning, Inc. (Electronic Equipment, Instruments & Components) | 694 | 25,511 | ||||||
Corteva, Inc. (Chemicals) | 661 | 38,041 | ||||||
Costco Wholesale Corp. (Food & Staples Retailing) | 405 | 219,227 | ||||||
Coterra Energy, Inc. (Oil, Gas & Consumable Fuels) | 736 | 22,514 | ||||||
Crown Castle International Corp. (Equity Real Estate Investment Trusts (REITs)) | 396 | 71,541 | ||||||
CSX Corp. (Road & Rail) | 1,989 | 64,304 | ||||||
Cummins, Inc. (Machinery) | 129 | 28,549 | ||||||
CVS Health Corp. (Health Care Providers & Services) | 1,198 | 114,625 | ||||||
D.R. Horton, Inc. (Household Durables) | 293 | 22,862 | ||||||
Danaher Corp. (Health Care Equipment & Supplies) | 592 | 172,549 | ||||||
Darden Restaurants, Inc. (Hotels, Restaurants & Leisure) | 114 | 14,192 | ||||||
DaVita, Inc.* (Health Care Providers & Services) | 55 | 4,629 | ||||||
Deere & Co. (Machinery) | 255 | 87,510 | ||||||
Delta Air Lines, Inc.* (Airlines) | 585 | 18,603 | ||||||
DENTSPLY SIRONA, Inc. (Health Care Equipment & Supplies) | 197 | 7,124 | ||||||
Devon Energy Corp. (Oil, Gas & Consumable Fuels) | 560 | 35,196 | ||||||
DexCom, Inc.* (Health Care Equipment & Supplies) | 359 | 29,467 | ||||||
Diamondback Energy, Inc. (Oil, Gas & Consumable Fuels) | 152 | 19,459 | ||||||
Digital Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 260 | 34,437 | ||||||
Discover Financial Services (Consumer Finance) | 257 | 25,957 | ||||||
DISH Network Corp.* - Class A (Media) | 229 | 3,978 | ||||||
Dollar General Corp. (Multiline Retail) | 209 | 51,922 | ||||||
Dollar Tree, Inc.* (Multiline Retail) | 206 | 34,064 | ||||||
Dominion Energy, Inc. (Multi-Utilities) | 741 | 60,748 | ||||||
Domino's Pizza, Inc. (Hotels, Restaurants & Leisure) | 33 | 12,940 | ||||||
Dover Corp. (Machinery) | 132 | 17,646 | ||||||
Dow, Inc. (Chemicals) | 665 | 35,385 | ||||||
DTE Energy Co. (Multi-Utilities) | 177 | 23,063 | ||||||
Duke Energy Corp. (Electric Utilities) | 703 | 77,281 | ||||||
Duke Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 351 | 21,959 | ||||||
DuPont de Nemours, Inc. (Chemicals) | 464 | 28,411 | ||||||
DXC Technology Co.* (IT Services) | 224 | 7,078 | ||||||
Eastman Chemical Co. (Chemicals) | 118 | 11,320 | ||||||
Eaton Corp. PLC (Electrical Equipment) | 365 | 54,162 | ||||||
eBay, Inc. (Internet & Direct Marketing Retail) | 512 | 24,899 | ||||||
Ecolab, Inc. (Chemicals) | 227 | 37,494 | ||||||
Edison International (Electric Utilities) | 348 | 23,584 | ||||||
Edwards Lifesciences Corp.* (Health Care Equipment & Supplies) | 568 | 57,107 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Bull ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Electronic Arts, Inc. (Entertainment) | 257 | $ | 33,726 | |||||
Elevance Health, Inc. (Health Care Providers & Services) | 220 | 104,962 | ||||||
Eli Lilly & Co. (Pharmaceuticals) | 720 | 237,377 | ||||||
Emerson Electric Co. (Electrical Equipment) | 543 | 48,908 | ||||||
Enphase Energy, Inc.* (Semiconductors & Semiconductor Equipment) | 123 | 34,954 | ||||||
Entergy Corp. (Electric Utilities) | 186 | 21,414 | ||||||
EOG Resources, Inc. (Oil, Gas & Consumable Fuels) | 535 | 59,503 | ||||||
EPAM Systems, Inc.* (IT Services) | 52 | 18,161 | ||||||
Equifax, Inc. (Professional Services) | 112 | 23,398 | ||||||
Equinix, Inc. (Equity Real Estate Investment Trusts (REITs)) | 83 | 58,410 | ||||||
Equity Residential (Equity Real Estate Investment Trusts (REITs)) | 313 | 24,536 | ||||||
Essex Property Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 60 | 17,192 | ||||||
Etsy, Inc.* (Internet & Direct Marketing Retail) | 116 | 12,032 | ||||||
Everest Re Group, Ltd. (Insurance) | 36 | 9,409 | ||||||
Evergy, Inc. (Electric Utilities) | 210 | 14,335 | ||||||
Eversource Energy (Electric Utilities) | 315 | 27,789 | ||||||
Exelon Corp. (Electric Utilities) | 896 | 41,655 | ||||||
Expedia Group, Inc.* (Hotels, Restaurants & Leisure) | 139 | 14,741 | ||||||
Expeditors International of Washington, Inc. (Air Freight & Logistics) | 153 | 16,256 | ||||||
Extra Space Storage, Inc. (Equity Real Estate Investment Trusts (REITs)) | 123 | 23,311 | ||||||
Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 3,848 | 372,986 | ||||||
F5, Inc.* (Communications Equipment) | 55 | 9,205 | ||||||
FactSet Research Systems, Inc. (Capital Markets) | 35 | 15,039 | ||||||
Fastenal Co. (Trading Companies & Distributors) | 525 | 26,963 | ||||||
Federal Realty Investment Trust (Equity Real Estate Investment Trusts (REITs)) | 65 | 6,865 | ||||||
FedEx Corp. (Air Freight & Logistics) | 218 | 50,814 | ||||||
Fidelity National Information Services, Inc. (IT Services) | 558 | 57,005 | ||||||
Fifth Third Bancorp (Banks) | 627 | 21,393 | ||||||
First Horizon Corp. (Banks) | — | † | 8 | |||||
First Republic Bank (Banks) | 164 | 26,684 | ||||||
FirstEnergy Corp. (Electric Utilities) | 522 | 21,454 | ||||||
Fiserv, Inc.* (IT Services) | 532 | 56,222 | ||||||
FleetCor Technologies, Inc.* (IT Services) | 71 | 15,626 | ||||||
FMC Corp. (Chemicals) | 115 | 12,777 | ||||||
Ford Motor Co. (Automobiles) | 3,610 | 53,031 | ||||||
Fortinet, Inc.* (Software) | 610 | 36,387 | ||||||
Fortive Corp. (Machinery) | 328 | 21,140 | ||||||
Fortune Brands Home & Security, Inc. (Building Products) | 120 | 8,362 | ||||||
Fox Corp. - Class A (Media) | 285 | 9,436 | ||||||
Fox Corp. - Class B (Media) | 132 | 4,079 | ||||||
Franklin Resources, Inc. (Capital Markets) | 256 | 7,027 | ||||||
Freeport-McMoRan, Inc. (Metals & Mining) | 1,325 | 41,804 | ||||||
Garmin, Ltd. (Household Durables) | 139 | 13,569 | ||||||
Gartner, Inc.* (IT Services) | 74 | 19,646 | ||||||
Generac Holdings, Inc.* (Electrical Equipment) | 58 | 15,561 | ||||||
General Dynamics Corp. (Aerospace & Defense) | 210 | 47,601 | ||||||
General Electric Co. (Industrial Conglomerates) | 1,005 | 74,280 | ||||||
General Mills, Inc. (Food Products) | 550 | 41,134 | ||||||
General Motors Co.* (Automobiles) | 1,332 | 48,298 | ||||||
Genuine Parts Co. (Distributors) | 129 | 19,720 | ||||||
Gilead Sciences, Inc. (Biotechnology) | 1,145 | 68,414 | ||||||
Global Payments, Inc. (IT Services) | 257 | 31,436 | ||||||
Globe Life, Inc. (Insurance) | 83 | 8,361 | ||||||
Halliburton Co. (Energy Equipment & Services) | 823 | 24,114 | ||||||
Hartford Financial Services Group, Inc. (Insurance) | 300 | 19,341 | ||||||
Hasbro, Inc. (Leisure Products) | 120 | 9,446 | ||||||
HCA Healthcare, Inc. (Health Care Providers & Services) | 208 | 44,183 | ||||||
Healthpeak Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 493 | 13,622 | ||||||
Henry Schein, Inc.* (Health Care Providers & Services) | 126 | 9,933 | ||||||
Hess Corp. (Oil, Gas & Consumable Fuels) | 253 | 28,455 | ||||||
Hewlett Packard Enterprises Co. (Technology Hardware, Storage & Peripherals) | 1,187 | 16,903 | ||||||
Hilton Worldwide Holdings, Inc. (Hotels, Restaurants & Leisure) | 254 | 32,530 | ||||||
Hologic, Inc.* (Health Care Equipment & Supplies) | 228 | 16,275 | ||||||
Honeywell International, Inc. (Industrial Conglomerates) | 622 | 119,709 | ||||||
Hormel Foods Corp. (Food Products) | 259 | 12,779 | ||||||
Host Hotels & Resorts, Inc. (Equity Real Estate Investment Trusts (REITs)) | 653 | 11,630 | ||||||
Howmet Aerospace, Inc. (Aerospace & Defense) | 345 | 12,810 | ||||||
HP, Inc. (Technology Hardware, Storage & Peripherals) | 962 | 32,121 | ||||||
Humana, Inc. (Health Care Providers & Services) | 115 | 55,430 | ||||||
Huntington Bancshares, Inc. (Banks) | 1,315 | 17,476 | ||||||
Huntington Ingalls Industries, Inc. (Aerospace & Defense) | 37 | 8,023 | ||||||
IDEX Corp. (Machinery) | 69 | 14,404 | ||||||
IDEXX Laboratories, Inc.* (Health Care Equipment & Supplies) | 77 | 30,737 | ||||||
Illinois Tool Works, Inc. (Machinery) | 259 | 53,810 | ||||||
Illumina, Inc.* (Life Sciences Tools & Services) | 143 | 30,985 | ||||||
Incyte Corp.* (Biotechnology) | 172 | 13,361 | ||||||
Ingersoll Rand, Inc. (Machinery) | 371 | 18,476 | ||||||
Intel Corp. (Semiconductors & Semiconductor Equipment) | 3,739 | 135,763 | ||||||
Intercontinental Exchange, Inc. (Capital Markets) | 510 | 52,015 | ||||||
International Business Machines Corp. (IT Services) | 822 | 107,509 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Bull ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
International Flavors & Fragrances, Inc. (Chemicals) | 233 | $ | 28,904 | |||||
International Paper Co. (Containers & Packaging) | 338 | 14,456 | ||||||
Intuit, Inc. (Software) | 258 | 117,692 | ||||||
Intuitive Surgical, Inc.* (Health Care Equipment & Supplies) | 328 | 75,496 | ||||||
Invesco, Ltd. (Capital Markets) | 307 | 5,446 | ||||||
IQVIA Holdings, Inc.* (Life Sciences Tools & Services) | 173 | 41,567 | ||||||
Iron Mountain, Inc. (Equity Real Estate Investment Trusts (REITs)) | 265 | 12,850 | ||||||
J.B. Hunt Transport Services, Inc. (Road & Rail) | 77 | 14,112 | ||||||
Jack Henry & Associates, Inc. (IT Services) | 67 | 13,921 | ||||||
Jacobs Engineering Group, Inc. (Professional Services) | 117 | 16,064 | ||||||
Johnson & Johnson (Pharmaceuticals) | 2,405 | 419,721 | ||||||
Johnson Controls International PLC (Building Products) | 635 | 34,232 | ||||||
JPMorgan Chase & Co. (Banks) | 2,683 | 309,510 | ||||||
Juniper Networks, Inc. (Communications Equipment) | 295 | 8,269 | ||||||
Kellogg Co. (Food Products) | 231 | 17,076 | ||||||
Keurig Dr Pepper, Inc. (Beverages) | 673 | 26,072 | ||||||
KeyCorp (Banks) | 852 | 15,592 | ||||||
Keysight Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 166 | 26,992 | ||||||
Kimberly-Clark Corp. (Household Products) | 308 | 40,591 | ||||||
Kimco Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 564 | 12,470 | ||||||
Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 1,780 | 32,022 | ||||||
KLA Corp. (Semiconductors & Semiconductor Equipment) | 136 | 52,161 | ||||||
L3Harris Technologies, Inc. (Aerospace & Defense) | 176 | 42,235 | ||||||
Laboratory Corp. of America Holdings (Health Care Providers & Services) | 85 | 22,286 | ||||||
Lam Research Corp. (Semiconductors & Semiconductor Equipment) | 127 | 63,565 | ||||||
Lamb Weston Holding, Inc. (Food Products) | 132 | 10,515 | ||||||
Las Vegas Sands Corp.* (Hotels, Restaurants & Leisure) | 314 | 11,835 | ||||||
Leidos Holdings, Inc. (Professional Services) | 125 | 13,375 | ||||||
Lennar Corp. - Class A (Household Durables) | 236 | 20,060 | ||||||
Lincoln National Corp. (Insurance) | 148 | 7,598 | ||||||
Linde PLC (Chemicals) | 459 | 138,617 | ||||||
Live Nation Entertainment, Inc.* (Entertainment) | 125 | 11,749 | ||||||
LKQ Corp. (Distributors) | 238 | 13,052 | ||||||
Lockheed Martin Corp. (Aerospace & Defense) | 217 | 89,797 | ||||||
Loews Corp. (Insurance) | 178 | 10,369 | ||||||
Lowe's Cos., Inc. (Specialty Retail) | 604 | 115,684 | ||||||
Lumen Technologies, Inc. (Diversified Telecommunication Services) | 850 | 9,257 | ||||||
LyondellBasell Industries N.V. - Class A (Chemicals) | 236 | 21,032 | ||||||
M&T Bank Corp. (Banks) | 164 | 29,102 | ||||||
Marathon Oil Corp. (Oil, Gas & Consumable Fuels) | 646 | 16,021 | ||||||
Marathon Petroleum Corp. (Oil, Gas & Consumable Fuels) | 495 | 45,372 | ||||||
MarketAxess Holdings, Inc. (Capital Markets) | 34 | 9,207 | ||||||
Marriott International, Inc. - Class A (Hotels, Restaurants & Leisure) | 252 | 39,960 | ||||||
Marsh & McLennan Cos., Inc. (Insurance) | 459 | 75,258 | ||||||
Martin Marietta Materials, Inc. (Construction Materials) | 57 | 20,068 | ||||||
Masco Corp. (Building Products) | 215 | 11,907 | ||||||
Mastercard, Inc. - Class A (IT Services) | 784 | 277,371 | ||||||
Match Group, Inc.* (Interactive Media & Services) | 261 | 19,134 | ||||||
McCormick & Co., Inc. (Food Products) | 228 | 19,916 | ||||||
McDonald's Corp. (Hotels, Restaurants & Leisure) | 675 | 177,774 | ||||||
McKesson Corp. (Health Care Providers & Services) | 133 | 45,430 | ||||||
Medtronic PLC (Health Care Equipment & Supplies) | 1,225 | 113,337 | ||||||
Merck & Co., Inc. (Pharmaceuticals) | 2,310 | 206,375 | ||||||
Meta Platforms, Inc.* - Class A (Interactive Media & Services) | 2,097 | 333,633 | ||||||
MetLife, Inc. (Insurance) | 632 | 39,974 | ||||||
Mettler-Toledo International, Inc.* (Life Sciences Tools & Services) | 21 | 28,344 | ||||||
MGM Resorts International (Hotels, Restaurants & Leisure) | 323 | 10,572 | ||||||
Microchip Technology, Inc. (Semiconductors & Semiconductor Equipment) | 508 | 34,981 | ||||||
Micron Technology, Inc. (Semiconductors & Semiconductor Equipment) | 1,019 | 63,035 | ||||||
Microsoft Corp. (Software) | 6,835 | 1,918,857 | ||||||
Mid-America Apartment Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 106 | 19,687 | ||||||
Moderna, Inc.* (Biotechnology) | 316 | 51,852 | ||||||
Mohawk Industries, Inc.* (Household Durables) | 47 | 6,039 | ||||||
Molina Healthcare, Inc.* (Health Care Providers & Services) | 54 | 17,697 | ||||||
Molson Coors Beverage Co. - Class B (Beverages) | 172 | 10,277 | ||||||
Mondelez International, Inc. - Class A (Food Products) | 1,263 | 80,882 | ||||||
Monolithic Power Systems, Inc. (Semiconductors & Semiconductor Equipment) | 40 | 18,589 | ||||||
Monster Beverage Corp.* (Beverages) | 344 | 34,269 | ||||||
Moody's Corp. (Capital Markets) | 147 | 45,607 | ||||||
Morgan Stanley (Capital Markets) | 1,279 | 107,820 | ||||||
Motorola Solutions, Inc. (Communications Equipment) | 153 | 36,504 | ||||||
MSCI, Inc. - Class A (Capital Markets) | 74 | 35,619 | ||||||
Nasdaq, Inc. (Capital Markets) | 105 | 18,995 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Bull ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
NetApp, Inc. (Technology Hardware, Storage & Peripherals) | 203 | $ | 14,480 | |||||
Netflix, Inc.* (Entertainment) | 406 | 91,309 | ||||||
Newell Brands, Inc. (Household Durables) | 336 | 6,791 | ||||||
Newmont Corp. (Metals & Mining) | 725 | 32,828 | ||||||
News Corp. - Class A (Media) | 355 | 6,085 | ||||||
News Corp. - Class B (Media) | 110 | 1,901 | ||||||
NextEra Energy, Inc. (Electric Utilities) | 1,793 | 151,491 | ||||||
Nielsen Holdings PLC (Professional Services) | 328 | 7,856 | ||||||
NIKE, Inc. - Class B (Textiles, Apparel & Luxury Goods) | 1,158 | 133,077 | ||||||
NiSource, Inc. (Multi-Utilities) | 371 | 11,278 | ||||||
Nordson Corp. (Machinery) | 49 | 11,319 | ||||||
Norfolk Southern Corp. (Road & Rail) | 218 | 54,755 | ||||||
Northern Trust Corp. (Capital Markets) | 190 | 18,958 | ||||||
Northrop Grumman Corp. (Aerospace & Defense) | 133 | 63,694 | ||||||
NortonLifelock, Inc. (Software) | 531 | 13,025 | ||||||
Norwegian Cruise Line Holdings, Ltd.* (Hotels, Restaurants & Leisure) | 383 | 4,653 | ||||||
NRG Energy, Inc. (Electric Utilities) | 217 | 8,192 | ||||||
Nucor Corp. (Metals & Mining) | 243 | 32,999 | ||||||
NVIDIA Corp. (Semiconductors & Semiconductor Equipment) | 2,288 | 415,570 | ||||||
NVR, Inc.* (Household Durables) | 3 | 13,179 | ||||||
NXP Semiconductors N.V. (Semiconductors & Semiconductor Equipment) | 240 | 44,131 | ||||||
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 814 | 53,521 | ||||||
Old Dominion Freight Line, Inc. (Road & Rail) | 84 | 25,495 | ||||||
Omnicom Group, Inc. (Media) | 188 | 13,130 | ||||||
ON Semiconductor Corp.* (Semiconductors & Semiconductor Equipment) | 397 | 26,512 | ||||||
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 409 | 24,434 | ||||||
Oracle Corp. (Software) | 1,437 | 111,856 | ||||||
O'Reilly Automotive, Inc.* (Specialty Retail) | 60 | 42,215 | ||||||
Organon & Co. (Pharmaceuticals) | 232 | 7,359 | ||||||
Otis Worldwide Corp. (Machinery) | 386 | 30,174 | ||||||
PACCAR, Inc. (Machinery) | 317 | 29,012 | ||||||
Packaging Corp. of America (Containers & Packaging) | 86 | 12,092 | ||||||
Paramount Global - Class B (Media) | 555 | 13,126 | ||||||
Parker-Hannifin Corp. (Machinery) | 117 | 33,824 | ||||||
Paychex, Inc. (IT Services) | 294 | 37,714 | ||||||
Paycom Software, Inc.* (Software) | 44 | 14,542 | ||||||
PayPal Holdings, Inc.* (IT Services) | 1,058 | 91,549 | ||||||
Penn National Gaming, Inc.* (Hotels, Restaurants & Leisure) | 149 | 5,148 | ||||||
Pentair PLC (Machinery) | 151 | 7,382 | ||||||
PepsiCo, Inc. (Beverages) | 1,264 | 221,149 | ||||||
PerkinElmer, Inc. (Life Sciences Tools & Services) | 115 | 17,615 | ||||||
Pfizer, Inc. (Pharmaceuticals) | 5,122 | 258,712 | ||||||
Philip Morris International, Inc. (Tobacco) | 1,416 | 137,565 | ||||||
Phillips 66 (Oil, Gas & Consumable Fuels) | 439 | 39,071 | ||||||
Pinnacle West Capital Corp. (Electric Utilities) | 103 | 7,567 | ||||||
Pioneer Natural Resources Co. (Oil, Gas & Consumable Fuels) | 205 | 48,575 | ||||||
Pool Corp. (Distributors) | 37 | 13,235 | ||||||
PPG Industries, Inc. (Chemicals) | 216 | 27,927 | ||||||
PPL Corp. (Electric Utilities) | 672 | 19,542 | ||||||
Principal Financial Group, Inc. (Insurance) | 215 | 14,392 | ||||||
Prologis, Inc. (Equity Real Estate Investment Trusts (REITs)) | 676 | 89,610 | ||||||
Prudential Financial, Inc. (Insurance) | 342 | 34,197 | ||||||
PTC, Inc.* (Software) | 96 | 11,844 | ||||||
Public Service Enterprise Group, Inc. (Multi-Utilities) | 456 | 29,946 | ||||||
Public Storage (Equity Real Estate Investment Trusts (REITs)) | 139 | 45,371 | ||||||
PulteGroup, Inc. (Household Durables) | 217 | 9,466 | ||||||
PVH Corp. (Textiles, Apparel & Luxury Goods) | 62 | 3,839 | ||||||
Qorvo, Inc.* (Semiconductors & Semiconductor Equipment) | 99 | 10,303 | ||||||
Qualcomm, Inc. (Semiconductors & Semiconductor Equipment) | 1,022 | 148,251 | ||||||
Quanta Services, Inc. (Construction & Engineering) | 131 | 18,174 | ||||||
Quest Diagnostics, Inc. (Health Care Providers & Services) | 107 | 14,613 | ||||||
Ralph Lauren Corp. (Textiles, Apparel & Luxury Goods) | 42 | 4,142 | ||||||
Raymond James Financial, Inc. (Capital Markets) | 178 | 17,528 | ||||||
Raytheon Technologies Corp. (Aerospace & Defense) | 1,358 | 126,579 | ||||||
Realty Income Corp. (Equity Real Estate Investment Trusts (REITs)) | 549 | 40,621 | ||||||
Regency Centers Corp. (Equity Real Estate Investment Trusts (REITs)) | 142 | 9,149 | ||||||
Regeneron Pharmaceuticals, Inc.* (Biotechnology) | 99 | 57,587 | ||||||
Regions Financial Corp. (Banks) | 853 | 18,067 | ||||||
Republic Services, Inc. (Commercial Services & Supplies) | 190 | 26,345 | ||||||
ResMed, Inc. (Health Care Equipment & Supplies) | 134 | 32,230 | ||||||
Robert Half International, Inc. (Professional Services) | 101 | 7,993 | ||||||
Rockwell Automation, Inc. (Electrical Equipment) | 106 | 27,060 | ||||||
Rollins, Inc. (Commercial Services & Supplies) | 207 | 7,984 | ||||||
Roper Technologies, Inc. (Industrial Conglomerates) | 97 | 42,357 | ||||||
Ross Stores, Inc. (Specialty Retail) | 321 | 26,084 | ||||||
Royal Caribbean Cruises, Ltd.* (Hotels, Restaurants & Leisure) | 205 | 7,936 | ||||||
S&P Global, Inc. (Capital Markets) | 317 | 119,487 | ||||||
Salesforce, Inc.* (Software) | 908 | 167,090 | ||||||
SBA Communications Corp. (Equity Real Estate Investment Trusts (REITs)) | 98 | 32,907 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Bull ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Schlumberger, Ltd. (Energy Equipment & Services) | 1,290 | $ | 47,769 | |||||
Seagate Technology Holdings PLC (Technology Hardware, Storage & Peripherals) | 180 | 14,396 | ||||||
Sealed Air Corp. (Containers & Packaging) | 134 | 8,190 | ||||||
Sempra Energy (Multi-Utilities) | 287 | 47,585 | ||||||
ServiceNow, Inc.* (Software) | 183 | 81,739 | ||||||
Signature Bank (Banks) | 57 | 10,577 | ||||||
Simon Property Group, Inc. (Equity Real Estate Investment Trusts (REITs)) | 300 | 32,592 | ||||||
Skyworks Solutions, Inc. (Semiconductors & Semiconductor Equipment) | 147 | 16,005 | ||||||
Snap-on, Inc. (Machinery) | 49 | 10,978 | ||||||
SolarEdge Technologies, Inc.* (Semiconductors & Semiconductor Equipment) | 51 | 18,367 | ||||||
Southwest Airlines Co.* (Airlines) | 541 | 20,622 | ||||||
Stanley Black & Decker, Inc. (Machinery) | 138 | 13,432 | ||||||
Starbucks Corp. (Hotels, Restaurants & Leisure) | 1,047 | 88,764 | ||||||
State Street Corp. (Capital Markets) | 336 | 23,869 | ||||||
STERIS PLC (Health Care Equipment & Supplies) | 92 | 20,760 | ||||||
Stryker Corp. (Health Care Equipment & Supplies) | 307 | 65,928 | ||||||
SVB Financial Group* (Banks) | 54 | 21,792 | ||||||
Synchrony Financial (Consumer Finance) | 458 | 15,334 | ||||||
Synopsys, Inc.* (Software) | 140 | 51,450 | ||||||
Sysco Corp. (Food & Staples Retailing) | 466 | 39,563 | ||||||
T. Rowe Price Group, Inc. (Capital Markets) | 208 | 25,682 | ||||||
Take-Two Interactive Software, Inc.* (Entertainment) | 144 | 19,113 | ||||||
Tapestry, Inc. (Textiles, Apparel & Luxury Goods) | 230 | 7,735 | ||||||
Target Corp. (Multiline Retail) | 423 | 69,110 | ||||||
TE Connectivity, Ltd. (Electronic Equipment, Instruments & Components) | 294 | 39,317 | ||||||
Teledyne Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 43 | 16,830 | ||||||
Teleflex, Inc. (Health Care Equipment & Supplies) | 43 | 10,340 | ||||||
Teradyne, Inc. (Semiconductors & Semiconductor Equipment) | 146 | 14,730 | ||||||
Tesla, Inc.* (Automobiles) | 767 | 683,742 | ||||||
Texas Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 842 | 150,625 | ||||||
Textron, Inc. (Aerospace & Defense) | 197 | 12,931 | ||||||
The AES Corp. (Independent Power and Renewable Electricity Producers) | 610 | 13,554 | ||||||
The Allstate Corp. (Insurance) | 251 | 29,359 | ||||||
The Bank of New York Mellon Corp. (Capital Markets) | 679 | 29,509 | ||||||
The Boeing Co.* (Aerospace & Defense) | 508 | 80,929 | ||||||
The Charles Schwab Corp. (Capital Markets) | 1,376 | 95,013 | ||||||
The Clorox Co. (Household Products) | 112 | 15,886 | ||||||
The Coca-Cola Co. (Beverages) | 3,565 | 228,767 | ||||||
The Cooper Cos., Inc. (Health Care Equipment & Supplies) | 45 | 14,715 | ||||||
The Estee Lauder Co., Inc. (Personal Products) | 212 | 57,897 | ||||||
The Goldman Sachs Group, Inc. (Capital Markets) | 314 | 104,684 | ||||||
The Hershey Co. (Food Products) | 133 | 30,319 | ||||||
The Home Depot, Inc. (Specialty Retail) | 943 | 283,787 | ||||||
The Interpublic Group of Cos., Inc. (Media) | 359 | 10,723 | ||||||
The JM Smucker Co. - Class A (Food Products) | 99 | 13,100 | ||||||
The Kraft Heinz Co. (Food Products) | 649 | 23,903 | ||||||
The Kroger Co. (Food & Staples Retailing) | 599 | 27,818 | ||||||
The Mosaic Co. (Chemicals) | 331 | 17,430 | ||||||
The PNC Financial Services Group, Inc. (Banks) | 378 | 62,725 | ||||||
The Procter & Gamble Co. (Household Products) | 2,190 | 304,213 | ||||||
The Progressive Corp. (Insurance) | 534 | 61,442 | ||||||
The Sherwin-Williams Co. (Chemicals) | 219 | 52,984 | ||||||
The Southern Co. (Electric Utilities) | 970 | 74,583 | ||||||
The TJX Cos., Inc. (Specialty Retail) | 1,072 | 65,564 | ||||||
The Travelers Cos., Inc. (Insurance) | 219 | 34,755 | ||||||
The Walt Disney Co.* (Entertainment) | 1,664 | 176,551 | ||||||
The Williams Cos., Inc. (Oil, Gas & Consumable Fuels) | 1,113 | 37,942 | ||||||
Thermo Fisher Scientific, Inc. (Life Sciences Tools & Services) | 357 | 213,632 | ||||||
T-Mobile U.S., Inc.* (Wireless Telecommunication Services) | 538 | 76,966 | ||||||
Tractor Supply Co. (Specialty Retail) | 102 | 19,531 | ||||||
Trane Technologies PLC (Building Products) | 214 | 31,456 | ||||||
TransDigm Group, Inc.* (Aerospace & Defense) | 48 | 29,872 | ||||||
Trimble, Inc.* (Electronic Equipment, Instruments & Components) | 228 | 15,830 | ||||||
Truist Financial Corp. (Banks) | 1,215 | 61,321 | ||||||
Twitter, Inc.* (Interactive Media & Services) | 697 | 29,002 | ||||||
Tyler Technologies, Inc.* (Software) | 38 | 15,162 | ||||||
Tyson Foods, Inc. - Class A (Food Products) | 266 | 23,411 | ||||||
U.S. Bancorp (Banks) | 1,235 | 58,292 | ||||||
UDR, Inc. (Equity Real Estate Investment Trusts (REITs)) | 273 | 13,213 | ||||||
Ulta Beauty, Inc.* (Specialty Retail) | 48 | 18,668 | ||||||
Union Pacific Corp. (Road & Rail) | 573 | 130,243 | ||||||
United Airlines Holdings , Inc.* (Airlines) | 298 | 10,952 | ||||||
United Parcel Service, Inc. - Class B (Air Freight & Logistics) | 671 | 130,771 | ||||||
United Rentals, Inc.* (Trading Companies & Distributors) | 65 | 20,974 | ||||||
UnitedHealth Group, Inc. (Health Care Providers & Services) | 857 | 464,786 | ||||||
Universal Health Services, Inc. - Class B (Health Care Providers & Services) | 61 | 6,861 | ||||||
Valero Energy Corp. (Oil, Gas & Consumable Fuels) | 373 | 41,317 | ||||||
Ventas, Inc. (Equity Real Estate Investment Trusts (REITs)) | 365 | 19,630 | ||||||
VeriSign, Inc.* (IT Services) | 87 | 16,457 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Bull ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Verisk Analytics, Inc. (Professional Services) | 144 | $ | 27,396 | |||||
Verizon Communications, Inc. (Diversified Telecommunication Services) | 3,834 | 177,092 | ||||||
Vertex Pharmaceuticals, Inc.* (Biotechnology) | 233 | 65,336 | ||||||
VF Corp. (Textiles, Apparel & Luxury Goods) | 295 | 13,181 | ||||||
Viatris, Inc. (Pharmaceuticals) | 1,110 | 10,756 | ||||||
VICI Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 880 | 30,087 | ||||||
Visa, Inc. - Class A (IT Services) | 1,502 | 318,590 | ||||||
Vornado Realty Trust (Equity Real Estate Investment Trusts (REITs)) | 145 | 4,407 | ||||||
Vulcan Materials Co. (Construction Materials) | 121 | 20,005 | ||||||
W.R. Berkley Corp. (Insurance) | 191 | 11,943 | ||||||
W.W. Grainger, Inc. (Trading Companies & Distributors) | 39 | 21,198 | ||||||
Walgreens Boots Alliance, Inc. (Food & Staples Retailing) | 655 | 25,951 | ||||||
Walmart, Inc. (Food & Staples Retailing) | 1,282 | 169,288 | ||||||
Warner Bros Discovery, Inc.* (Entertainment) | 2,019 | 30,285 | ||||||
Waste Management, Inc. (Commercial Services & Supplies) | 349 | 57,431 | ||||||
Waters Corp.* (Life Sciences Tools & Services) | 55 | 20,022 | ||||||
WEC Energy Group, Inc. (Multi-Utilities) | 288 | 29,897 | ||||||
Wells Fargo & Co. (Banks) | 3,465 | 152,010 | ||||||
Welltower, Inc. (Equity Real Estate Investment Trusts (REITs)) | 414 | 35,745 | ||||||
West Pharmaceutical Services, Inc. (Health Care Equipment & Supplies) | 68 | 23,362 | ||||||
Western Digital Corp.* (Technology Hardware, Storage & Peripherals) | 286 | 14,043 | ||||||
Westinghouse Air Brake Technologies Corp. (Machinery) | 167 | 15,609 | ||||||
WestRock Co. (Containers & Packaging) | 233 | 9,870 | ||||||
Weyerhaeuser Co. (Equity Real Estate Investment Trusts (REITs)) | 680 | 24,698 | ||||||
Whirlpool Corp. (Household Durables) | 51 | 8,816 | ||||||
Willis Towers Watson PLC (Insurance) | 102 | 21,108 | ||||||
Wynn Resorts, Ltd.* (Hotels, Restaurants & Leisure) | 96 | 6,094 | ||||||
Xcel Energy, Inc. (Electric Utilities) | 497 | 36,370 | ||||||
Xylem, Inc. (Machinery) | 164 | 15,093 | ||||||
Yum! Brands, Inc. (Hotels, Restaurants & Leisure) | 261 | 31,983 | ||||||
Zebra Technologies Corp.* (Electronic Equipment, Instruments & Components) | 48 | 17,169 | ||||||
Zimmer Biomet Holdings, Inc. (Health Care Equipment & Supplies) | 191 | 21,084 | ||||||
Zions Bancorp (Banks) | 138 | 7,528 | ||||||
Zoetis, Inc. (Pharmaceuticals) | 430 | 78,497 | ||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $12,002,441) | 31,797,757 |
Repurchase Agreements(a)(b) (25.5%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%-2.20%, dated 7/29/22, due 8/1/22, total to be received $11,194,032 | $ | 11,192,000 | $ | 11,192,000 | ||||
TOTAL REPURCHASE AGREEMENTS | ||||||||
(Cost $11,192,000) | 11,192,000 | |||||||
TOTAL INVESTMENT SECURITIES | ||||||||
(Cost $23,194,441) - 98.1% | 42,989,757 | |||||||
Net other assets (liabilities) - 1.9% | 846,947 | |||||||
NET ASSETS - 100.0% | $ | 43,836,704 |
† | Number of shares is less than 0.50. |
* | Non-income producing security. |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $1,425,000. |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Bull ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Futures Contracts Purchased
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||
E-Mini S&P 500 Futures Contracts | 8 | 9/19/22 | $ | 1,653,400 | $ | 89,558 |
Total Return Swap Agreements — Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||||
S&P 500 | Goldman Sachs International | 8/29/22 | 2.93 | % | $ | 4,155,072 | $ | 100,180 | ||||||||
S&P 500 | UBS AG | 8/29/22 | 2.83 | % | 6,137,611 | 163,009 | ||||||||||
$ | 10,292,683 | $ | 263,189 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Bull ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Bull ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Aerospace & Defense | $ | 514,471 | 1.2 | % | ||||
Air Freight & Logistics | 210,682 | 0.5 | % | |||||
Airlines | 63,405 | 0.1 | % | |||||
Auto Components | 34,331 | 0.1 | % | |||||
Automobiles | 785,071 | 1.8 | % | |||||
Banks | 1,149,318 | 2.6 | % | |||||
Beverages | 569,629 | 1.3 | % | |||||
Biotechnology | 637,759 | 1.5 | % | |||||
Building Products | 133,312 | 0.3 | % | |||||
Capital Markets | 923,157 | 2.1 | % | |||||
Chemicals | 556,630 | 1.3 | % | |||||
Commercial Services & Supplies | 150,354 | 0.3 | % | |||||
Communications Equipment | 250,047 | 0.6 | % | |||||
Construction & Engineering | 18,174 | NM | ||||||
Construction Materials | 40,073 | 0.1 | % | |||||
Consumer Finance | 166,509 | 0.4 | % | |||||
Containers & Packaging | 98,186 | 0.2 | % | |||||
Distributors | 46,007 | 0.1 | % | |||||
Diversified Financial Services | 496,591 | 1.1 | % | |||||
Diversified Telecommunication Services | 309,208 | 0.7 | % | |||||
Electric Utilities | 605,199 | 1.4 | % | |||||
Electrical Equipment | 171,750 | 0.4 | % | |||||
Electronic Equipment, Instruments & Components | 206,090 | 0.5 | % | |||||
Energy Equipment & Services | 93,822 | 0.2 | % | |||||
Entertainment | 419,817 | 1.0 | % | |||||
Equity Real Estate Investment Trusts (REITs) | 896,839 | 2.0 | % | |||||
Food & Staples Retailing | 481,847 | 1.1 | % | |||||
Food Products | 339,692 | 0.8 | % | |||||
Gas Utilities | 15,417 | NM | ||||||
Health Care Equipment & Supplies | 1,039,901 | 2.4 | % | |||||
Health Care Providers & Services | 1,069,996 | 2.4 | % | |||||
Hotels, Restaurants & Leisure | 588,567 | 1.3 | % | |||||
Household Durables | 100,782 | 0.2 | % | |||||
Household Products | 440,534 | 1.0 | % | |||||
Independent Power and Renewable Electricity Producers | 13,554 | NM | ||||||
Industrial Conglomerates | 310,688 | 0.7 | % | |||||
Insurance | 645,549 | 1.5 | % | |||||
Interactive Media & Services | 1,609,394 | 3.7 | % | |||||
Internet & Direct Marketing Retail | 1,114,911 | 2.5 | % | |||||
IT Services | 1,400,987 | 3.2 | % | |||||
Leisure Products | 9,446 | NM | ||||||
Life Sciences Tools & Services | 425,568 | 1.0 | % | |||||
Machinery | 504,905 | 1.1 | % | |||||
Media | 261,379 | 0.6 | % | |||||
Metals & Mining | 107,631 | 0.2 | % | |||||
Multiline Retail | 155,096 | 0.4 | % | |||||
Multi-Utilities | 293,091 | 0.7 | % | |||||
Oil, Gas & Consumable Fuels | 1,296,759 | 3.0 | % | |||||
Personal Products | 57,897 | 0.1 | % | |||||
Pharmaceuticals | 1,380,773 | 3.1 | % | |||||
Professional Services | 96,082 | 0.2 | % | |||||
Real Estate Management & Development | 25,515 | 0.1 | % | |||||
Road & Rail | 288,909 | 0.7 | % | |||||
Semiconductors & Semiconductor Equipment | 1,754,921 | 4.0 | % | |||||
Software | 2,846,980 | 6.5 | % | |||||
Specialty Retail | 657,472 | 1.5 | % | |||||
Technology Hardware, Storage & Peripherals | 2,373,096 | 5.4 | % | |||||
Textiles, Apparel & Luxury Goods | 161,974 | 0.4 | % | |||||
Tobacco | 210,109 | 0.5 | % | |||||
Trading Companies & Distributors | 69,135 | 0.2 | % | |||||
Water Utilities | 25,803 | 0.1 | % | |||||
Wireless Telecommunication Services | 76,966 | 0.2 | % | |||||
Other ** | 12,038,947 | 27.4 | % | |||||
Total | $ | 43,836,704 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
NM | Not meaningful, amount is less than 0.05%. |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (64.8%)
Shares | Value | |||||||
1-800-Flowers.com, Inc.* - Class A (Internet & Direct Marketing Retail) | 21 | $ | 209 | |||||
1Life Healthcare, Inc.* (Health Care Providers & Services) | 139 | 2,355 | ||||||
1st Source Corp. (Banks) | 12 | 579 | ||||||
1stdibs.com, Inc.* (Internet & Direct Marketing Retail) | 18 | 117 | ||||||
22nd Century Group, Inc.* (Tobacco) | 125 | 210 | ||||||
23andMe Holding Co.* - Class A (Life Sciences Tools & Services) | 132 | 367 | ||||||
2seventy bio, Inc.* (Biotechnology) | 29 | 417 | ||||||
2U, Inc.* (Diversified Consumer Services) | 57 | 558 | ||||||
3D Systems Corp.* (Technology Hardware, Storage & Peripherals) | 98 | 1,121 | ||||||
4D Molecular Therapeutics, Inc.* (Biotechnology) | 23 | 216 | ||||||
5E Advanced Materials, Inc.* (Metals & Mining) | 25 | 407 | ||||||
8x8, Inc.* (Software) | 85 | 416 | ||||||
908 Devices, Inc.* (Electronic Equipment, Instruments & Components) | 17 | 383 | ||||||
A10 Networks, Inc. (Software) | 51 | 760 | ||||||
Aadi Bioscience, Inc.* (Pharmaceuticals) | 11 | 136 | ||||||
AAON, Inc. (Building Products) | 34 | 2,046 | ||||||
AAR Corp.* (Aerospace & Defense) | 26 | 1,158 | ||||||
Aaron's Co., Inc. (The) (Specialty Retail) | 23 | 299 | ||||||
AbCellera Biologics, Inc.* (Life Sciences Tools & Services) | 159 | 1,595 | ||||||
Abercrombie & Fitch Co.* (Specialty Retail) | 38 | 677 | ||||||
ABM Industries, Inc. (Commercial Services & Supplies) | 52 | 2,331 | ||||||
Absci Corp.* (Life Sciences Tools & Services) | 41 | 135 | ||||||
Academy Sports & Outdoors, Inc. (Leisure Products) | 65 | 2,796 | ||||||
ACADIA Pharmaceuticals, Inc.* (Biotechnology) | 93 | 1,366 | ||||||
Acadia Realty Trust (Equity Real Estate Investment Trusts (REITs)) | 72 | 1,233 | ||||||
Accel Entertainment, Inc.* (Hotels, Restaurants & Leisure) | 45 | 543 | ||||||
ACCO Brands Corp. (Commercial Services & Supplies) | 73 | 523 | ||||||
Accolade, Inc.* (Health Care Technology) | 45 | 416 | ||||||
ACI Worldwide, Inc.* (Software) | 88 | 2,511 | ||||||
Aclaris Therapeutics, Inc.* (Pharmaceuticals) | 46 | 709 | ||||||
ACM Research, Inc.* - Class A (Semiconductors & Semiconductor Equipment) | 37 | 625 | ||||||
ACNB Corp. (Banks) | 7 | 230 | ||||||
Acushnet Holdings Corp. (Leisure Products) | 26 | 1,267 | ||||||
ACV Auctions, Inc.* - Class A (Software) | 87 | 643 | ||||||
Adagio Therapeutics, Inc.* (Biotechnology) | 40 | 141 | ||||||
AdaptHealth Corp.* (Health Care Providers & Services) | 56 | 1,238 | ||||||
Adaptive Biotechnologies Corp.* (Life Sciences Tools & Services) | 86 | 788 | ||||||
Addus HomeCare Corp.* (Health Care Providers & Services) | 12 | 1,114 | ||||||
Adicet Bio, Inc.* (Pharmaceuticals) | 22 | 372 | ||||||
Adient PLC* (Auto Components) | 73 | 2,466 | ||||||
ADMA Biologics, Inc.* (Biotechnology) | 143 | 306 | ||||||
Adtalem Global Education, Inc.* (Diversified Consumer Services) | 35 | 1,404 | ||||||
AdTheorent Holding Co., Inc.* (Media) | 12 | 34 | ||||||
ADTRAN Holdings, Inc. (Communications Equipment) | 54 | 1,301 | ||||||
Advanced Energy Industries, Inc. (Semiconductors & Semiconductor Equipment) | 29 | 2,595 | ||||||
AdvanSix, Inc. (Chemicals) | 21 | 825 | ||||||
Advantage Solutions, Inc.* (Media) | 64 | 284 | ||||||
Aemetis, Inc.* (Oil, Gas & Consumable Fuels) | 22 | 162 | ||||||
Aerie Pharmaceuticals, Inc.* (Pharmaceuticals) | 36 | 252 | ||||||
Aerojet Rocketdyne Holdings, Inc.* (Aerospace & Defense) | 61 | 2,665 | ||||||
Aerovate Therapeutics, Inc.* (Biotechnology) | 7 | 156 | ||||||
AeroVironment, Inc.* (Aerospace & Defense) | 18 | 1,560 | ||||||
AerSale Corp.* (Aerospace & Defense) | 12 | 210 | ||||||
Aeva Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 75 | 265 | ||||||
AEye, Inc.* (Electronic Equipment, Instruments & Components) | 20 | 45 | ||||||
AFC Gamma, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 12 | 197 | ||||||
Affimed N.V.* (Biotechnology) | 109 | 308 | ||||||
Agenus, Inc.* (Biotechnology) | 208 | 537 | ||||||
Agiliti, Inc.* (Health Care Providers & Services) | 21 | 460 | ||||||
Agilysys, Inc.* (Software) | 15 | 725 | ||||||
Agios Pharmaceuticals, Inc.* (Biotechnology) | 42 | 906 | ||||||
Agree Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 57 | 4,537 | ||||||
Air Transport Services Group, Inc.* (Air Freight & Logistics) | 45 | 1,410 | ||||||
AirSculpt Technologies, Inc.* (Health Care Providers & Services) | 10 | 78 | ||||||
aka Brands Holding Corp.* (Internet & Direct Marketing Retail) | 9 | 17 | ||||||
Akero Therapeutics, Inc.* (Biotechnology) | 22 | 225 | ||||||
Akoustis Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 40 | 171 | ||||||
Akoya Biosciences, Inc.* (Life Sciences Tools & Services) | 12 | 169 | ||||||
Alamo Group, Inc. (Machinery) | 8 | 1,035 | ||||||
Alarm.com Holdings, Inc.* (Software) | 37 | 2,618 | ||||||
Albany International Corp. - Class A (Machinery) | 24 | 2,190 | ||||||
Albireo Pharma, Inc.* (Biotechnology) | 13 | 270 | ||||||
Alector, Inc.* (Biotechnology) | 48 | 491 | ||||||
Alerus Financial Corp. (Diversified Financial Services) | 12 | 296 | ||||||
Alexander & Baldwin, Inc. (Equity Real Estate Investment Trusts (REITs)) | 57 | 1,135 | ||||||
Alexander's, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2 | 487 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Alico, Inc. (Food Products) | 5 | $ | 182 | |||||
Alight, Inc.* - Class A (Professional Services) | 261 | 1,968 | ||||||
Alignment Healthcare, Inc.* (Health Care Providers & Services) | 65 | 954 | ||||||
Alkami Technology, Inc.* (Software) | 28 | 390 | ||||||
Alkermes PLC* (Biotechnology) | 126 | 3,226 | ||||||
Allbirds, Inc.* - Class A (Textiles, Apparel & Luxury Goods) | 73 | 375 | ||||||
Allegheny Technologies, Inc.* (Metals & Mining) | 96 | 2,389 | ||||||
Allegiance Bancshares, Inc. (Banks) | 15 | 661 | ||||||
Allegiant Travel Co.* (Airlines) | 12 | 1,384 | ||||||
ALLETE, Inc. (Electric Utilities) | 44 | 2,731 | ||||||
Allied Motion Technologies, Inc. (Electrical Equipment) | 10 | 269 | ||||||
Allogene Therapeutics, Inc.*(a) (Biotechnology) | 61 | 792 | ||||||
Allovir, Inc.* (Biotechnology) | 24 | 110 | ||||||
Allscripts Healthcare Solutions, Inc.* (Health Care Technology) | 88 | 1,392 | ||||||
Alpha & Omega Semiconductor, Ltd.* (Semiconductors & Semiconductor Equipment) | 17 | 714 | ||||||
Alpha Metallurgical Resources, Inc. (Metals & Mining) | 14 | 1,915 | ||||||
Alpha Teknova, Inc.* (Biotechnology) | 5 | 32 | ||||||
Alphatec Holdings, Inc.* (Health Care Equipment & Supplies) | 54 | 407 | ||||||
Alpine Immune Sciences, Inc.* (Biotechnology) | 12 | 95 | ||||||
Alta Equipment Group, Inc.* (Trading Companies & Distributors) | 16 | 180 | ||||||
Altair Engineering, Inc.* - Class A (Software) | 40 | 2,356 | ||||||
Alto Ingredients, Inc.* (Oil, Gas & Consumable Fuels) | 56 | 241 | ||||||
Altra Industrial Motion Corp. (Machinery) | 50 | 2,087 | ||||||
Altus Power, Inc.* (Independent Power and Renewable Electricity Producers) | 32 | 251 | ||||||
ALX Oncology Holdings, Inc.* (Biotechnology) | 17 | 165 | ||||||
Amalgamated Financial Corp. (Banks) | 11 | 254 | ||||||
A-Mark Precious Metals, Inc. (Diversified Financial Services) | 14 | 424 | ||||||
Ambac Financial Group, Inc.* (Insurance) | 35 | 412 | ||||||
Ambarella, Inc.* (Semiconductors & Semiconductor Equipment) | 28 | 2,423 | ||||||
AMC Networks, Inc.* - Class A (Media) | 23 | 702 | ||||||
Amerant Bancorp, Inc. (Banks) | 22 | 601 | ||||||
Ameresco, Inc.* - Class A (Construction & Engineering) | 24 | 1,373 | ||||||
American Assets Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 38 | 1,149 | ||||||
American Axle & Manufacturing Holdings, Inc.* (Auto Components) | 87 | 775 | ||||||
American Eagle Outfitters, Inc. (Specialty Retail) | 119 | 1,433 | ||||||
American Equity Investment Life Holding Co. (Insurance) | 60 | 2,254 | ||||||
American National Bankshares, Inc. (Banks) | 8 | 290 | ||||||
American Public Education, Inc.* (Diversified Consumer Services) | 14 | 220 | ||||||
American Realty Investors, Inc.* (Real Estate Management & Development) | 1 | 15 | ||||||
American Software, Inc. - Class A (Software) | 24 | 429 | ||||||
American States Water Co. (Water Utilities) | 28 | 2,441 | ||||||
American Vanguard Corp. (Chemicals) | 22 | 515 | ||||||
American Well Corp.* - Class A (Health Care Technology) | 177 | 690 | ||||||
American Woodmark Corp.* (Building Products) | 13 | 653 | ||||||
America's Car-Mart, Inc.* (Specialty Retail) | 5 | 518 | ||||||
Ameris Bancorp (Banks) | 51 | 2,412 | ||||||
AMERISAFE, Inc. (Insurance) | 15 | 683 | ||||||
Amicus Therapeutics, Inc.* (Biotechnology) | 212 | 2,112 | ||||||
Amkor Technology, Inc. (Semiconductors & Semiconductor Equipment) | 78 | 1,573 | ||||||
AMMO, Inc.* (Leisure Products) | 67 | 327 | ||||||
AMN Healthcare Services, Inc.* (Health Care Providers & Services) | 34 | 3,822 | ||||||
Amneal Pharmaceuticals, Inc.* (Pharmaceuticals) | 79 | 280 | ||||||
Amphastar Pharmaceuticals, Inc.* (Pharmaceuticals) | 29 | 1,084 | ||||||
Amplify Energy Corp.* (Oil, Gas & Consumable Fuels) | 27 | 185 | ||||||
Amplitude, Inc.* - Class A (Software) | 43 | 636 | ||||||
Amylyx Pharmaceuticals, Inc.* (Pharmaceuticals) | 9 | 243 | ||||||
Amyris, Inc.* (Oil, Gas & Consumable Fuels) | 152 | 271 | ||||||
AN2 Therapeutics, Inc.* (Pharmaceuticals) | 4 | 34 | ||||||
AnaptysBio, Inc.* (Biotechnology) | 16 | 335 | ||||||
Anavex Life Sciences Corp.* (Biotechnology) | 53 | 544 | ||||||
Angel Oak Mortgage, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 9 | 127 | ||||||
AngioDynamics, Inc.* (Health Care Equipment & Supplies) | 29 | 658 | ||||||
ANI Pharmaceuticals, Inc.* (Pharmaceuticals) | 10 | 343 | ||||||
Anika Therapeutics, Inc.* (Health Care Equipment & Supplies) | 11 | 257 | ||||||
Anterix, Inc.* (Diversified Telecommunication Services) | 9 | 400 | ||||||
Apartment Investment and Management Co.* (Equity Real Estate Investment Trusts (REITs)) | 115 | 957 | ||||||
Apellis Pharmaceuticals, Inc.* (Biotechnology) | 70 | 3,940 | ||||||
API Group Corp.* (Construction & Engineering) | 159 | 2,816 | ||||||
Apogee Enterprises, Inc. (Building Products) | 17 | 707 | ||||||
Apollo Commercial Real Estate Finance, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 108 | 1,380 | ||||||
Apollo Medical Holdings, Inc.* (Health Care Providers & Services) | 30 | 1,591 | ||||||
Appfolio, Inc.* (Software) | 15 | 1,527 | ||||||
AppHarvest, Inc.*(a) (Food Products) | 55 | 211 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Appian Corp.* (Software) | 31 | $ | 1,504 | |||||
Apple Hospitality REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 166 | 2,769 | ||||||
Applied Blockchain, Inc.* (Software) | 6 | 13 | ||||||
Applied Industrial Technologies, Inc. (Trading Companies & Distributors) | 29 | 2,917 | ||||||
Arbor Realty Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 120 | 1,994 | ||||||
Arbutus Biopharma Corp.* (Biotechnology) | 83 | 192 | ||||||
ArcBest Corp. (Road & Rail) | 19 | 1,683 | ||||||
Arcellx, Inc.* (Biotechnology) | 8 | 166 | ||||||
Arch Resources, Inc. (Oil, Gas & Consumable Fuels) | 12 | 1,550 | ||||||
Archaea Energy, Inc.* (Oil, Gas & Consumable Fuels) | 46 | 753 | ||||||
Archer Aviation, Inc.* - Class A (Aerospace & Defense) | 96 | 388 | ||||||
Archrock, Inc. (Energy Equipment & Services) | 104 | 878 | ||||||
Arconic Corp.* (Metals & Mining) | 81 | 2,447 | ||||||
Arcosa, Inc. (Construction & Engineering) | 37 | 1,908 | ||||||
Arcturus Therapeutics Holdings, Inc.* (Biotechnology) | 18 | 316 | ||||||
Arcus Biosciences, Inc.* (Biotechnology) | 40 | 1,064 | ||||||
Arcutis Biotherapeutics, Inc.* (Biotechnology) | 27 | 655 | ||||||
Ardmore Shipping Corp.* (Oil, Gas & Consumable Fuels) | 27 | 220 | ||||||
Ares Commercial Real Estate Corp. (Mortgage Real Estate Investment Trusts (REITs)) | 34 | 466 | ||||||
Argan, Inc. (Construction & Engineering) | 11 | 409 | ||||||
Argo Group International Holdings, Ltd. (Insurance) | 24 | 787 | ||||||
Aris Water Solution, Inc. - Class A (Commercial Services & Supplies) | 17 | 360 | ||||||
Arko Corp. (Specialty Retail) | 65 | 593 | ||||||
Arlo Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 65 | 457 | ||||||
Armada Hoffler Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 52 | 737 | ||||||
ARMOUR Residential REIT, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 79 | 622 | ||||||
Array Technologies, Inc.* (Electrical Equipment) | 116 | 1,955 | ||||||
Arrow Financial Corp. (Banks) | 11 | 369 | ||||||
Arrowhead Pharmaceuticals, Inc.* (Biotechnology) | 79 | 3,360 | ||||||
Arteris, Inc.* (Software) | 13 | 105 | ||||||
Artesian Resources Corp. - Class A (Water Utilities) | 6 | 309 | ||||||
Artisan Partners Asset Management, Inc. (Capital Markets) | 46 | 1,829 | ||||||
Artivion, Inc.* (Health Care Equipment & Supplies) | 30 | 588 | ||||||
Arvinas, Inc.* (Pharmaceuticals) | 37 | 1,965 | ||||||
Asana, Inc.* - Class A (Software) | 57 | 1,101 | ||||||
Asbury Automotive Group, Inc.* (Specialty Retail) | 17 | 2,918 | ||||||
ASGN, Inc.* (Professional Services) | 39 | 4,046 | ||||||
Ashford Hospitality Trust, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 26 | 227 | ||||||
Aspen Aerogels, Inc.* (Energy Equipment & Services) | 21 | 275 | ||||||
Assetmark Financial Holdings, Inc.* (Capital Markets) | 17 | 323 | ||||||
Associated Banc-Corp. (Banks) | 115 | 2,312 | ||||||
Associated Capital Group, Inc. - Class A (Capital Markets) | 1 | 41 | ||||||
Astec Industries, Inc. (Machinery) | 18 | 884 | ||||||
Astra Space, Inc.* (Aerospace & Defense) | 111 | 159 | ||||||
Astronics Corp.* (Aerospace & Defense) | 19 | 213 | ||||||
Atara Biotherapeutics, Inc.* (Biotechnology) | 71 | 215 | ||||||
Atea Pharmaceuticals, Inc.* (Biotechnology) | 59 | 484 | ||||||
Aterian, Inc.* (Household Durables) | 47 | 107 | ||||||
Athira Pharma, Inc.* (Pharmaceuticals) | 26 | 90 | ||||||
ATI Physical Therapy, Inc.* (Health Care Providers & Services) | 58 | 61 | ||||||
Atkore, Inc.* (Electrical Equipment) | 33 | 3,275 | ||||||
Atlantic Union Bankshares (Banks) | 58 | 2,006 | ||||||
Atlanticus Holdings Corp.* (Consumer Finance) | 3 | 116 | ||||||
Atlas Air Worldwide Holdings, Inc.* (Air Freight & Logistics) | 22 | 1,666 | ||||||
Atlas Technical Consultants, Inc.* (Professional Services) | 14 | 98 | ||||||
ATN International, Inc. (Diversified Telecommunication Services) | 8 | 368 | ||||||
Atomera, Inc.* (Semiconductors & Semiconductor Equipment) | 16 | 187 | ||||||
AtriCure, Inc.* (Health Care Equipment & Supplies) | 35 | 1,729 | ||||||
Atrion Corp. (Health Care Equipment & Supplies) | 1 | 676 | ||||||
Aura Biosciences, Inc.* (Biotechnology) | 14 | 200 | ||||||
Aurinia Pharmaceuticals, Inc.* (Biotechnology) | 103 | 843 | ||||||
Avanos Medical, Inc.* (Health Care Equipment & Supplies) | 36 | 1,021 | ||||||
Avaya Holdings Corp.* - Class C (Software) | 64 | 58 | ||||||
Aveanna Healthcare Holdings, Inc.* (Health Care Providers & Services) | 34 | 72 | ||||||
AvePoint, Inc.* (Software) | 99 | 498 | ||||||
Aviat Networks, Inc.* (Communications Equipment) | 8 | 235 | ||||||
Avid Bioservices, Inc.* (Biotechnology) | 47 | 924 | ||||||
Avid Technology, Inc.* (Technology Hardware, Storage & Peripherals) | 28 | 786 | ||||||
Avidity Biosciences, Inc.* (Biotechnology) | 38 | 619 | ||||||
AvidXchange Holdings, Inc.* (Software) | 113 | 816 | ||||||
Avient Corp. (Chemicals) | 70 | 3,021 | ||||||
Avista Corp. (Multi-Utilities) | 56 | 2,367 | ||||||
Axcelis Technologies, Inc.* (Semiconductors & Semiconductor Equipment) | 25 | 1,758 | ||||||
AxoGen, Inc.* (Health Care Equipment & Supplies) | 31 | 289 | ||||||
Axonics, Inc.* (Health Care Equipment & Supplies) | 36 | 2,335 | ||||||
Axos Financial, Inc.* - Class I (Thrifts & Mortgage Finance) | 44 | 1,837 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Axsome Therapeutics, Inc.* (Pharmaceuticals) | 22 | $ | 849 | |||||
AXT, Inc.* (Semiconductors & Semiconductor Equipment) | 31 | 272 | ||||||
AZZ, Inc. (Electrical Equipment) | 19 | 808 | ||||||
B Riley Financial, Inc. (Capital Markets) | 16 | 825 | ||||||
B&G Foods, Inc.(a) (Food Products) | 52 | 1,285 | ||||||
Babcock & Wilcox Enterprises, Inc.* (Electrical Equipment) | 46 | 366 | ||||||
Babylon Holdings, Ltd.* - Class A (Health Care Technology) | 84 | 85 | ||||||
Badger Meter, Inc. (Electronic Equipment, Instruments & Components) | 23 | 2,212 | ||||||
Bakkt Holdings, Inc.* (Capital Markets) | 44 | 124 | ||||||
Balchem Corp. (Chemicals) | 25 | 3,395 | ||||||
Bally's Corp.* (Hotels, Restaurants & Leisure) | 31 | 681 | ||||||
Banc of California, Inc. (Banks) | 42 | 735 | ||||||
BancFirst Corp. (Banks) | 15 | 1,611 | ||||||
Banco Latinoamericano de Comercio Exterior S.A. - Class E (Diversified Financial Services) | 21 | 291 | ||||||
Bandwidth, Inc.* (Diversified Telecommunication Services) | 18 | 299 | ||||||
Bank First Corp. (Banks) | 5 | 385 | ||||||
Bank of Marin Bancorp (Banks) | 12 | 393 | ||||||
BankUnited, Inc. (Banks) | 63 | 2,448 | ||||||
Bankwell Financial Group, Inc. (Banks) | 4 | 131 | ||||||
Banner Corp. (Banks) | 26 | 1,612 | ||||||
Bar Harbor Bankshares (Banks) | 11 | 319 | ||||||
BARK, Inc.* (Internet & Direct Marketing Retail) | 40 | 57 | ||||||
Barnes Group, Inc. (Machinery) | 38 | 1,285 | ||||||
Barrett Business Services, Inc. (Professional Services) | 6 | 490 | ||||||
Battalion Oil Corp.* (Oil, Gas & Consumable Fuels) | 2 | 21 | ||||||
BayCom Corp. (Banks) | 10 | 196 | ||||||
BCB Bancorp, Inc. (Banks) | 11 | 212 | ||||||
Beacon Roofing Supply, Inc.* (Trading Companies & Distributors) | 42 | 2,521 | ||||||
Beam Therapeutics, Inc.* (Biotechnology) | 49 | 3,086 | ||||||
Beazer Homes USA, Inc.* (Household Durables) | 23 | 339 | ||||||
Bed Bath & Beyond, Inc.*(a) (Specialty Retail) | 61 | 307 | ||||||
Belden, Inc. (Electronic Equipment, Instruments & Components) | 34 | 2,200 | ||||||
BellRing Brands, Inc.* (Personal Products) | 90 | 2,172 | ||||||
Benchmark Electronics, Inc. (Electronic Equipment, Instruments & Components) | 27 | 691 | ||||||
Benefitfocus, Inc.* (Software) | 20 | 169 | ||||||
Benson Hill, Inc.* (Software) | 132 | 429 | ||||||
Berkeley Lights, Inc.* (Life Sciences Tools & Services) | 43 | 193 | ||||||
Berkshire Grey, Inc.* (Machinery) | 38 | 67 | ||||||
Berkshire Hills Bancorp, Inc. (Banks) | 36 | 1,014 | ||||||
Berry Corp. (Oil, Gas & Consumable Fuels) | 62 | 529 | ||||||
Beyond Meat, Inc.*(a) (Food Products) | 47 | 1,504 | ||||||
BGC Partners, Inc. - Class A (Capital Markets) | 246 | 898 | ||||||
Big 5 Sporting Goods Corp. (Specialty Retail) | 17 | 219 | ||||||
Big Lots, Inc. (Multiline Retail) | 22 | 444 | ||||||
BigCommerce Holdings, Inc.* - Class 1 (IT Services) | 49 | 767 | ||||||
Biglari Holdings, Inc.* - Class B (Hotels, Restaurants & Leisure) | 1 | 120 | ||||||
BioCryst Pharmaceuticals, Inc.* (Biotechnology) | 143 | 1,576 | ||||||
Biohaven Pharmaceutical Holding Co., Ltd.* (Biotechnology) | 48 | 7,009 | ||||||
BioLife Solutions, Inc.* (Health Care Equipment & Supplies) | 26 | 501 | ||||||
Bionano Genomics, Inc.* (Life Sciences Tools & Services) | 225 | 419 | ||||||
Bioventus, Inc.* - Class A (Health Care Equipment & Supplies) | 24 | 204 | ||||||
Bioxcel Therapeutics, Inc.* (Biotechnology) | 15 | 232 | ||||||
Bird Global, Inc.* - Class A (Road & Rail) | 132 | 71 | ||||||
BJ's Restaurants, Inc.* (Hotels, Restaurants & Leisure) | 17 | 399 | ||||||
Black Hills Corp. (Multi-Utilities) | 50 | 3,860 | ||||||
Blackbaud, Inc.* (Software) | 36 | 2,208 | ||||||
Blackline, Inc.* (Software) | 43 | 2,718 | ||||||
Blackstone Mortgage Trust, Inc. - Class A (Mortgage Real Estate Investment Trusts (REITs)) | 131 | 4,057 | ||||||
Blade Air Mobility, Inc.*(a) (Airlines) | 43 | 239 | ||||||
Blend Labs, Inc.* - Class A (Software) | 142 | 375 | ||||||
Blink Charging Co.*(a) (Electrical Equipment) | 28 | 593 | ||||||
Bloom Energy Corp.* (Electrical Equipment) | 125 | 2,528 | ||||||
Bloomin' Brands, Inc. (Hotels, Restaurants & Leisure) | 68 | 1,387 | ||||||
Blucora, Inc.* (Capital Markets) | 36 | 720 | ||||||
Blue Bird Corp.* (Machinery) | 13 | 145 | ||||||
Blue Foundry Bancorp* (Thrifts & Mortgage Finance) | 20 | 235 | ||||||
Blue Ridge Bankshares, Inc. (Banks) | 13 | 194 | ||||||
Bluebird Bio, Inc.* (Biotechnology) | 55 | 223 | ||||||
Bluegreen Vacations Holding Corp. (Hotels, Restaurants & Leisure) | 10 | 263 | ||||||
BlueLinx Holdings, Inc.* (Trading Companies & Distributors) | 7 | 560 | ||||||
Blueprint Medicines Corp.* (Biotechnology) | 46 | 2,349 | ||||||
Bluerock Residential Growth REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 22 | 578 | ||||||
Boise Cascade Co. (Trading Companies & Distributors) | 30 | 2,121 | ||||||
Boot Barn Holdings, Inc.* (Specialty Retail) | 23 | 1,433 | ||||||
Borr Drilling, Ltd.* (Energy Equipment & Services) | 103 | 396 | ||||||
Boston Omaha Corp.* - Class A (Media) | 16 | 390 | ||||||
Bowlero Corp.* (Hotels, Restaurants & Leisure) | 30 | 343 | ||||||
Box, Inc.* - Class A (Software) | 99 | 2,816 | ||||||
Boxed, Inc.* (Internet & Direct Marketing Retail) | 9 | 17 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Brady Corp. - Class A (Commercial Services & Supplies) | 36 | $ | 1,723 | |||||
Braemar Hotels & Resorts, Inc. (Equity Real Estate Investment Trusts (REITs)) | 53 | 275 | ||||||
Brandywine Realty Trust (Equity Real Estate Investment Trusts (REITs)) | 131 | 1,225 | ||||||
BRC, Inc.* - Class A (Food Products) | 20 | 188 | ||||||
Bread Financial Holdings, Inc. (IT Services) | 39 | 1,545 | ||||||
Bridgebio Pharma, Inc.* (Biotechnology) | 81 | 701 | ||||||
Bridgewater Bancshares, Inc.* (Thrifts & Mortgage Finance) | 16 | 280 | ||||||
Brigham Minerals, Inc. (Oil, Gas & Consumable Fuels) | 39 | 1,035 | ||||||
Bright Health Group, Inc.* (Insurance) | 149 | 250 | ||||||
Brightcove, Inc.* (IT Services) | 32 | 190 | ||||||
Brightsphere Investment Group, Inc. (Capital Markets) | 25 | 473 | ||||||
BrightSpire Capital, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 73 | 645 | ||||||
BrightView Holdings, Inc.* (Commercial Services & Supplies) | 34 | 447 | ||||||
Brinker International, Inc.* (Hotels, Restaurants & Leisure) | 33 | 916 | ||||||
Bristow Group, Inc.* (Energy Equipment & Services) | 18 | 464 | ||||||
Broadmark Realty Capital, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 100 | 759 | ||||||
Broadstone Net Lease, Inc. (Equity Real Estate Investment Trusts (REITs)) | 130 | 2,947 | ||||||
Brookdale Senior Living, Inc.* (Health Care Providers & Services) | 143 | 689 | ||||||
Brookfield Business Corp. - Class A (Industrial Conglomerates) | 20 | 457 | ||||||
Brookfield Infrastructure Corp. - Class A (Gas Utilities) | 75 | 3,436 | ||||||
Brookline Bancorp, Inc. (Banks) | 58 | 802 | ||||||
BRP Group, Inc.* - Class A (Insurance) | 45 | 1,241 | ||||||
BRT Apartments Corp. (Equity Real Estate Investment Trusts (REITs)) | 9 | 207 | ||||||
BTRS Holdings, Inc.* (Software) | 77 | 497 | ||||||
Build-A-Bear Workshop, Inc. (Specialty Retail) | 11 | 176 | ||||||
Bumble, Inc.* - Class A (Interactive Media & Services) | 66 | 2,503 | ||||||
Business First Bancshares, Inc. (Banks) | 16 | 376 | ||||||
Butterfly Network, Inc.* (Health Care Equipment & Supplies) | 102 | 443 | ||||||
Byline Bancorp, Inc. (Banks) | 19 | 465 | ||||||
C3.ai, Inc.* - Class A (Software) | 53 | 976 | ||||||
C4 Therapeutics, Inc.* (Biotechnology) | 32 | 308 | ||||||
Cabot Corp. (Chemicals) | 43 | 3,193 | ||||||
Cactus, Inc. - Class A (Energy Equipment & Services) | 45 | 1,872 | ||||||
Cadence Bank (Banks) | 141 | 3,680 | ||||||
Cadre Holdings, Inc. (Aerospace & Defense) | 13 | 307 | ||||||
Caesarstone, Ltd. (Building Products) | 17 | 153 | ||||||
Calavo Growers, Inc. (Food Products) | 13 | 524 | ||||||
Caleres, Inc. (Specialty Retail) | 28 | 695 | ||||||
California Resources Corp. (Oil, Gas & Consumable Fuels) | 60 | 2,692 | ||||||
California Water Service Group (Water Utilities) | 41 | 2,464 | ||||||
Calix, Inc.* (Communications Equipment) | 44 | 2,510 | ||||||
Callaway Golf Co.* (Leisure Products) | 108 | 2,479 | ||||||
Callon Petroleum Co.* (Oil, Gas & Consumable Fuels) | 38 | 1,750 | ||||||
Cal-Maine Foods, Inc. (Food Products) | 29 | 1,482 | ||||||
Cambium Networks Corp.* (Communications Equipment) | 9 | 170 | ||||||
Cambridge Bancorp (Banks) | 5 | 416 | ||||||
Camden National Corp. (Banks) | 11 | 503 | ||||||
Camping World Holdings, Inc.(a) - Class A (Specialty Retail) | 30 | 811 | ||||||
Cannae Holdings, Inc.* (Diversified Financial Services) | 58 | 1,224 | ||||||
Cano Health, Inc.* (Health Care Providers & Services) | 125 | 761 | ||||||
Canoo, Inc.*(a) (Automobiles) | 89 | 308 | ||||||
Cantaloupe, Inc.* (IT Services) | 45 | 273 | ||||||
Capital Bancorp, Inc. (Banks) | 7 | 175 | ||||||
Capital City Bank Group, Inc. (Banks) | 10 | 324 | ||||||
Capitol Federal Financial, Inc. (Thrifts & Mortgage Finance) | 100 | 959 | ||||||
Capstar Financial Holdings, Inc. (Banks) | 16 | 336 | ||||||
Cara Therapeutics, Inc.* (Biotechnology) | 34 | 297 | ||||||
Cardiovascular Systems, Inc.* (Health Care Equipment & Supplies) | 31 | 478 | ||||||
Cardlytics, Inc.* (Media) | 25 | 345 | ||||||
CareDx, Inc.* (Biotechnology) | 39 | 928 | ||||||
CareMax, Inc.* (Health Care Providers & Services) | 46 | 329 | ||||||
CareTrust REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 74 | 1,528 | ||||||
Cargurus, Inc.* (Interactive Media & Services) | 79 | 1,919 | ||||||
Caribou Biosciences, Inc.* (Biotechnology) | 42 | 341 | ||||||
CarParts.com, Inc.* (Internet & Direct Marketing Retail) | 39 | 311 | ||||||
Carpenter Technology Corp. (Metals & Mining) | 37 | 1,189 | ||||||
Carriage Services, Inc. (Diversified Consumer Services) | 10 | 363 | ||||||
Cars.com, Inc.* (Interactive Media & Services) | 53 | 623 | ||||||
Carter Bankshares, Inc.* (Banks) | 19 | 265 | ||||||
Casa Systems, Inc.* (Communications Equipment) | 27 | 119 | ||||||
Casella Waste Systems, Inc.* - Class A (Commercial Services & Supplies) | 38 | 3,075 | ||||||
Cass Information Systems, Inc. (IT Services) | 10 | 365 | ||||||
Cassava Sciences, Inc.* (Pharmaceuticals) | 29 | 474 | ||||||
Castle Biosciences, Inc.* (Biotechnology) | 18 | 503 | ||||||
Catalyst Pharmaceuticals, Inc.* (Biotechnology) | 74 | 758 | ||||||
CatchMark Timber Trust, Inc. - Class A (Equity Real Estate Investment Trusts (REITs)) | 38 | 427 | ||||||
Cathay General Bancorp (Banks) | 55 | 2,294 | ||||||
Cavco Industries, Inc.* (Household Durables) | 7 | 1,805 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
CBIZ, Inc.* (Professional Services) | 38 | $ | 1,734 | |||||
CBL & Associates Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 20 | 616 | ||||||
CBTX, Inc. (Banks) | 14 | 433 | ||||||
Cedar Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 8 | 232 | ||||||
Celldex Therapeutics, Inc.* (Biotechnology) | 35 | 1,075 | ||||||
Celsius Holdings, Inc.* (Beverages) | 42 | 3,735 | ||||||
Celularity, Inc.* (Biotechnology) | 12 | 36 | ||||||
Cenntro Electric Group, Ltd.*(a) (Automobiles) | 142 | 213 | ||||||
Centennial Resource Development, Inc.* - Class A (Oil, Gas & Consumable Fuels) | 158 | 1,052 | ||||||
Centerspace (Equity Real Estate Investment Trusts (REITs)) | 12 | 1,031 | ||||||
Central Garden & Pet Co.* (Household Products) | 8 | 347 | ||||||
Central Garden & Pet Co.* - Class A (Household Products) | 31 | 1,265 | ||||||
Central Pacific Financial Corp. (Banks) | 21 | 497 | ||||||
Centrus Energy Corp.* - Class A (Oil, Gas & Consumable Fuels) | 8 | 265 | ||||||
Century Aluminum Co.* (Metals & Mining) | 40 | 316 | ||||||
Century Casinos, Inc.* (Hotels, Restaurants & Leisure) | 21 | 177 | ||||||
Century Communities, Inc. (Household Durables) | 23 | 1,177 | ||||||
Century Therapeutics, Inc.* (Biotechnology) | 15 | 159 | ||||||
Cepton, Inc.* (Electronic Equipment, Instruments & Components) | 6 | 9 | ||||||
Cerberus Cyber Sentinel Corp.* (IT Services) | 35 | 112 | ||||||
Cerence, Inc.* (Software) | 30 | 845 | ||||||
Cerevel Therapeutics Holdings, Inc.* (Biotechnology) | 42 | 1,104 | ||||||
Cerus Corp.* (Health Care Equipment & Supplies) | 133 | 718 | ||||||
CEVA, Inc.* (Semiconductors & Semiconductor Equipment) | 18 | 670 | ||||||
ChampionX Corp. (Energy Equipment & Services) | 157 | 3,280 | ||||||
ChannelAdvisor Corp.* (Software) | 23 | 339 | ||||||
Charge Enterprises, Inc.* (Diversified Telecommunication Services) | 83 | 252 | ||||||
Chart Industries, Inc.* (Machinery) | 28 | 5,463 | ||||||
Chase Corp. (Chemicals) | 6 | 546 | ||||||
Chatham Lodging Trust* (Equity Real Estate Investment Trusts (REITs)) | 37 | 450 | ||||||
Chegg, Inc.* (Diversified Consumer Services) | 96 | 2,045 | ||||||
ChemoCentryx, Inc.* (Biotechnology) | 49 | 1,157 | ||||||
Chesapeake Utilities Corp. (Gas Utilities) | 13 | 1,783 | ||||||
Chicago Atlantic Real Estate Finance, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 5 | 71 | ||||||
Chico's FAS, Inc.* (Specialty Retail) | 94 | 472 | ||||||
Chimera Investment Corp. (Mortgage Real Estate Investment Trusts (REITs)) | 183 | 1,916 | ||||||
Chimerix, Inc.* (Biotechnology) | 65 | 142 | ||||||
Chinook Therapeutics, Inc.* (Biotechnology) | 34 | 629 | ||||||
Chuy's Holdings, Inc.* (Hotels, Restaurants & Leisure) | 15 | 333 | ||||||
Cimpress PLC* (Commercial Services & Supplies) | 14 | 563 | ||||||
CinCor Pharma, Inc.* (Pharmaceuticals) | 10 | 226 | ||||||
Cinemark Holdings, Inc.* (Entertainment) | 84 | 1,540 | ||||||
Cipher Mining, Inc.* (Software) | 30 | 52 | ||||||
CIRCOR International, Inc.* (Machinery) | 14 | 244 | ||||||
Citi Trends, Inc.* (Specialty Retail) | 6 | 147 | ||||||
Citizens & Northern Corp. (Banks) | 12 | 293 | ||||||
City Holding Co. (Banks) | 11 | 955 | ||||||
City Office REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 33 | 465 | ||||||
Civista Bancshares, Inc. (Banks) | 11 | 238 | ||||||
Civitas Resources, Inc. (Oil, Gas & Consumable Fuels) | 57 | 3,361 | ||||||
Claros Mortgage Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 71 | 1,360 | ||||||
Clarus Corp. (Leisure Products) | 22 | 454 | ||||||
Clean Energy Fuels Corp.* (Oil, Gas & Consumable Fuels) | 130 | 842 | ||||||
Cleanspark, Inc.* (Software) | 31 | 124 | ||||||
Clear Channel Outdoor Holdings, Inc.* (Media) | 281 | 436 | ||||||
Clear Secure, Inc.* - Class A (Software) | 48 | 1,215 | ||||||
Clearfield, Inc.* (Communications Equipment) | 9 | 887 | ||||||
Clearwater Paper Corp.* (Paper & Forest Products) | 13 | 464 | ||||||
Clearway Energy, Inc. - Class A (Independent Power and Renewable Electricity Producers) | 27 | 932 | ||||||
Clearway Energy, Inc. - Class C (Independent Power and Renewable Electricity Producers) | 63 | 2,365 | ||||||
Clipper Realty, Inc. (Equity Real Estate Investment Trusts (REITs)) | 9 | 81 | ||||||
Clover Health Investments Corp.* (Health Care Providers & Services) | 294 | 823 | ||||||
CNB Financial Corp. (Banks) | 12 | 310 | ||||||
CNO Financial Group, Inc. (Insurance) | 89 | 1,669 | ||||||
CNX Resources Corp.* (Oil, Gas & Consumable Fuels) | 148 | 2,556 | ||||||
Coastal Financial Corp.* (Banks) | 8 | 330 | ||||||
Coca-Cola Consolidated, Inc. (Beverages) | 4 | 2,052 | ||||||
Codexis, Inc.* (Life Sciences Tools & Services) | 47 | 322 | ||||||
Coeur Mining, Inc.* (Metals & Mining) | 214 | 687 | ||||||
Cogent Biosciences, Inc.* (Biotechnology) | 34 | 377 | ||||||
Cogent Communications Holdings, Inc. (Diversified Telecommunication Services) | 33 | 2,106 | ||||||
Cohen & Steers, Inc. (Capital Markets) | 20 | 1,474 | ||||||
Coherus Biosciences, Inc.* (Biotechnology) | 57 | 483 | ||||||
Cohu, Inc.* (Semiconductors & Semiconductor Equipment) | 37 | 1,057 | ||||||
Collegium Pharmaceutical, Inc.* (Pharmaceuticals) | 26 | 447 | ||||||
Colony Bankcorp, Inc. (Banks) | 13 | 189 | ||||||
Columbia Banking System, Inc. (Banks) | 61 | 1,840 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Columbia Financial, Inc.* (Thrifts & Mortgage Finance) | 27 | $ | 549 | |||||
Columbus McKinnon Corp. (Machinery) | 22 | 728 | ||||||
Comfort Systems USA, Inc. (Construction & Engineering) | 27 | 2,852 | ||||||
Commercial Metals Co. (Metals & Mining) | 93 | 3,686 | ||||||
CommScope Holding Co., Inc.* (Communications Equipment) | 158 | 1,427 | ||||||
Community Bank System, Inc. (Banks) | 41 | 2,761 | ||||||
Community Health Systems, Inc.* (Health Care Providers & Services) | 96 | 286 | ||||||
Community Healthcare Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 18 | 701 | ||||||
Community Trust Bancorp, Inc. (Banks) | 12 | 520 | ||||||
CommVault Systems, Inc.* (Software) | 34 | 1,907 | ||||||
Compass Diversified Holdings (Diversified Financial Services) | 47 | 1,134 | ||||||
Compass Minerals International, Inc. (Metals & Mining) | 26 | 968 | ||||||
Compass, Inc.* - Class A (Real Estate Management & Development) | 201 | 768 | ||||||
CompoSecure, Inc.* (Technology Hardware, Storage & Peripherals) | 6 | 33 | ||||||
Computer Programs and Systems, Inc.* (Health Care Technology) | 11 | 371 | ||||||
CompX International, Inc. (Commercial Services & Supplies) | 1 | 23 | ||||||
Comstock Resources, Inc.* (Oil, Gas & Consumable Fuels) | 71 | 1,131 | ||||||
Comtech Telecommunications Corp. (Communications Equipment) | 20 | 232 | ||||||
Concrete Pumping Holdings, Inc.* (Construction & Engineering) | 20 | 131 | ||||||
Conduent, Inc.* (IT Services) | 131 | 610 | ||||||
CONMED Corp. (Health Care Equipment & Supplies) | 22 | 2,148 | ||||||
ConnectOne Bancorp, Inc. (Banks) | 29 | 767 | ||||||
Conn's, Inc.* (Specialty Retail) | 10 | 94 | ||||||
Consensus Cloud Solutions, Inc.* (Software) | 12 | 648 | ||||||
CONSOL Energy, Inc.* (Oil, Gas & Consumable Fuels) | 26 | 1,594 | ||||||
Consolidated Communications Holdings, Inc.* (Diversified Telecommunication Services) | 57 | 376 | ||||||
Constellium SE* (Metals & Mining) | 96 | 1,404 | ||||||
Construction Partners, Inc.* - Class A (Construction & Engineering) | 31 | 737 | ||||||
Consumer Portfolio Services, Inc.* (Consumer Finance) | 11 | 141 | ||||||
ContextLogic, Inc.* - Class A (Internet & Direct Marketing Retail) | 438 | 657 | ||||||
Convey Health Solutions Holdings, Inc.* (Health Care Technology) | 12 | 125 | ||||||
Corcept Therapeutics, Inc.* (Pharmaceuticals) | 66 | 1,892 | ||||||
Core Scientific, Inc.* (IT Services) | 168 | 422 | ||||||
CoreCivic, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 93 | 1,002 | ||||||
Corporate Office Properties Trust (Equity Real Estate Investment Trusts (REITs)) | 87 | 2,449 | ||||||
Corsair Gaming, Inc.* (Technology Hardware, Storage & Peripherals) | 29 | 409 | ||||||
CorVel Corp.* (Health Care Providers & Services) | 7 | 1,154 | ||||||
Costamare, Inc. (Marine) | 41 | 481 | ||||||
Couchbase, Inc.* (Software) | 20 | 305 | ||||||
Coursera, Inc.* (Diversified Consumer Services) | 87 | 1,208 | ||||||
Covenant Logistics Group, Inc. - Class A (Road & Rail) | 9 | 301 | ||||||
Covetrus, Inc.* (Health Care Providers & Services) | 81 | 1,682 | ||||||
Cowen, Inc. - Class A (Capital Markets) | 20 | 701 | ||||||
CRA International, Inc. (Professional Services) | 5 | 495 | ||||||
Cracker Barrel Old Country Store, Inc. (Hotels, Restaurants & Leisure) | 18 | 1,711 | ||||||
Crawford & Co. - Class A (Insurance) | 13 | 94 | ||||||
Credo Technology Group Holding, Ltd.* (Semiconductors & Semiconductor Equipment) | 18 | 289 | ||||||
Crescent Energy, Inc. - Class A (Oil, Gas & Consumable Fuels) | 25 | 365 | ||||||
Crinetics Pharmaceuticals, Inc.* (Biotechnology) | 40 | 768 | ||||||
Crocs, Inc.* (Textiles, Apparel & Luxury Goods) | 47 | 3,367 | ||||||
Cross Country Healthcare, Inc.* (Health Care Providers & Services) | 28 | 738 | ||||||
CrossFirst Bankshares, Inc.* (Banks) | 35 | 480 | ||||||
CryoPort, Inc.* (Health Care Equipment & Supplies) | 34 | 1,265 | ||||||
Cryptyde, Inc.*(a) (Containers & Packaging) | 14 | 16 | ||||||
CS Disco, Inc.* (Software) | 17 | 417 | ||||||
CSG Systems International, Inc. (IT Services) | 25 | 1,631 | ||||||
CSW Industrials, Inc. (Building Products) | 12 | 1,434 | ||||||
CTI BioPharma Corp.* (Biotechnology) | 71 | 464 | ||||||
CTO Realty Growth, Inc. (Equity Real Estate Investment Trusts (REITs)) | 12 | 254 | ||||||
CTS Corp. (Electronic Equipment, Instruments & Components) | 24 | 976 | ||||||
Cue Health, Inc.* (Health Care Equipment & Supplies) | 83 | 281 | ||||||
Cullinan Oncology, Inc.* (Biotechnology) | 23 | 311 | ||||||
Cumulus Media, Inc.* - Class A (Media) | 14 | 111 | ||||||
Curo Group Holdings Corp. (Consumer Finance) | 17 | 122 | ||||||
Cushman & Wakefield PLC* (Real Estate Management & Development) | 122 | 2,049 | ||||||
Custom Truck One Source, Inc.* (Trading Companies & Distributors) | 46 | 285 | ||||||
Customers Bancorp, Inc.* (Banks) | 24 | 917 | ||||||
Cutera, Inc.* (Health Care Equipment & Supplies) | 13 | 603 | ||||||
CVB Financial Corp. (Banks) | 104 | 2,774 | ||||||
Cvent Holding Corp.* (Software) | 65 | 406 | ||||||
CVR Energy, Inc. (Oil, Gas & Consumable Fuels) | 23 | 771 | ||||||
CyberOptics Corp.* (Semiconductors & Semiconductor Equipment) | 6 | 244 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Cytek Biosciences, Inc.* (Life Sciences Tools & Services) | 88 | $ | 1,126 | |||||
Cytokinetics, Inc.* (Biotechnology) | 63 | 2,667 | ||||||
Cyxtera Technologies, Inc.* (IT Services) | 33 | 402 | ||||||
Daily Journal Corp.* (Media) | 1 | 270 | ||||||
Dakota Gold Corp.* (Metals & Mining) | 39 | 174 | ||||||
Dana, Inc. (Auto Components) | 99 | 1,659 | ||||||
Danimer Scientific, Inc.* (Chemicals) | 70 | 323 | ||||||
Daseke, Inc.* (Road & Rail) | 31 | 260 | ||||||
Dave & Buster's Entertainment, Inc.* (Hotels, Restaurants & Leisure) | 33 | 1,233 | ||||||
Day One Biopharmaceuticals, Inc.* (Biotechnology) | 18 | 308 | ||||||
Deciphera Pharmaceuticals, Inc.* (Biotechnology) | 35 | 444 | ||||||
Delek US Holdings, Inc. (Oil, Gas & Consumable Fuels) | 54 | 1,440 | ||||||
Deluxe Corp. (Commercial Services & Supplies) | 33 | 830 | ||||||
Denali Therapeutics, Inc.* (Biotechnology) | 76 | 2,586 | ||||||
Denbury, Inc.* (Oil, Gas & Consumable Fuels) | 39 | 2,804 | ||||||
Denny's Corp.* (Hotels, Restaurants & Leisure) | 46 | 447 | ||||||
Design Therapeutics, Inc.* (Biotechnology) | 26 | 510 | ||||||
Designer Brands, Inc. (Specialty Retail) | 44 | 635 | ||||||
Desktop Metal, Inc.* - Class A (Machinery) | 203 | 432 | ||||||
Destination XL Group, Inc.* (Specialty Retail) | 46 | 190 | ||||||
DHI Group, Inc.* (Interactive Media & Services) | 33 | 161 | ||||||
DHT Holdings, Inc. (Oil, Gas & Consumable Fuels) | 108 | 710 | ||||||
Diamond Hill Investment Group, Inc. (Capital Markets) | 2 | 382 | ||||||
Diamond Offshore Drilling, Inc.* (Energy Equipment & Services) | 77 | 520 | ||||||
DiamondRock Hospitality Co.* (Equity Real Estate Investment Trusts (REITs)) | 161 | 1,494 | ||||||
DICE Therapeutics, Inc.* (Pharmaceuticals) | 22 | 379 | ||||||
Diebold Nixdorf, Inc.* (Technology Hardware, Storage & Peripherals) | 56 | 181 | ||||||
Digi International, Inc.* (Communications Equipment) | 26 | 741 | ||||||
Digimarc Corp.* (Software) | 11 | 168 | ||||||
Digital Turbine, Inc.* (Software) | 71 | 1,425 | ||||||
DigitalBridge Group, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 455 | 2,493 | ||||||
DigitalOcean Holdings, Inc.* (IT Services) | 59 | 2,418 | ||||||
Dillard's, Inc. - Class A (Multiline Retail) | 3 | 682 | ||||||
Dime Community Bancshares, Inc. (Banks) | 26 | 886 | ||||||
Dine Brands Global, Inc. (Hotels, Restaurants & Leisure) | 12 | 856 | ||||||
Diodes, Inc.* (Semiconductors & Semiconductor Equipment) | 34 | 2,767 | ||||||
Diversey Holdings, Ltd.* (Chemicals) | 60 | 449 | ||||||
Diversified Healthcare Trust (Equity Real Estate Investment Trusts (REITs)) | 183 | 317 | ||||||
DMC Global, Inc.* (Energy Equipment & Services) | 14 | 319 | ||||||
DocGo, Inc.* (Health Care Providers & Services) | 62 | 479 | ||||||
Doma Holdings, Inc.* (Real Estate Management & Development) | 105 | 78 | ||||||
Domo, Inc.* (Software) | 23 | 644 | ||||||
Donegal Group, Inc. - Class A (Insurance) | 12 | 170 | ||||||
Donnelley Financial Solutions, Inc.* (Capital Markets) | 21 | 714 | ||||||
Dorian LPG, Ltd. (Oil, Gas & Consumable Fuels) | 24 | 387 | ||||||
Dorman Products, Inc.* (Auto Components) | 20 | 2,022 | ||||||
Douglas Dynamics, Inc. (Machinery) | 17 | 542 | ||||||
Douglas Elliman, Inc. (Real Estate Management & Development) | 58 | 348 | ||||||
Dream Finders Homes, Inc.* - Class A (Household Durables) | 16 | 208 | ||||||
Dril-Quip, Inc.* (Energy Equipment & Services) | 26 | 667 | ||||||
Duck Creek Technologies, Inc.* (Software) | 59 | 814 | ||||||
Ducommun, Inc.* (Aerospace & Defense) | 9 | 426 | ||||||
Duluth Holdings, Inc.* - Class B (Internet & Direct Marketing Retail) | 10 | 96 | ||||||
Duolingo, Inc.* (Diversified Consumer Services) | 18 | 1,652 | ||||||
DXP Enterprises, Inc.* (Trading Companies & Distributors) | 12 | 408 | ||||||
Dycom Industries, Inc.* (Construction & Engineering) | 22 | 2,270 | ||||||
Dynavax Technologies Corp.* (Biotechnology) | 91 | 1,309 | ||||||
Dyne Therapeutics, Inc.* (Biotechnology) | 24 | 252 | ||||||
Dynex Capital, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 28 | 470 | ||||||
DZS, Inc.* (Communications Equipment) | 13 | 244 | ||||||
E2open Parent Holdings, Inc.* (Software) | 153 | 1,033 | ||||||
Eagle Bancorp, Inc. (Banks) | 24 | 1,177 | ||||||
Eagle Bulk Shipping, Inc. (Marine) | 11 | 582 | ||||||
Eagle Pharmaceuticals, Inc.* (Biotechnology) | 8 | 318 | ||||||
Earthstone Energy, Inc.* - Class A (Oil, Gas & Consumable Fuels) | 33 | 468 | ||||||
Easterly Government Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 70 | 1,419 | ||||||
Eastern Bankshares, Inc. (Banks) | 124 | 2,530 | ||||||
Eastman Kodak Co.* (Technology Hardware, Storage & Peripherals) | 44 | 242 | ||||||
Ebix, Inc. (Software) | 20 | 473 | ||||||
EchoStar Corp.* - Class A (Diversified Telecommunication Services) | 27 | 534 | ||||||
Ecovyst, Inc. (Chemicals) | 49 | 501 | ||||||
Edgewell Personal Care Co. (Personal Products) | 41 | 1,631 | ||||||
Edgewise Therapeutics, Inc.* (Pharmaceuticals) | 23 | 222 | ||||||
Editas Medicine, Inc.* (Biotechnology) | 53 | 843 | ||||||
eGain Corp.* (Software) | 16 | 142 | ||||||
eHealth, Inc.* (Insurance) | 19 | 141 | ||||||
Eiger Biopharmaceuticals, Inc.* (Biotechnology) | 32 | 278 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
El Pollo Loco Holdings, Inc.* (Hotels, Restaurants & Leisure) | 15 | $ | 146 | |||||
elf Beauty, Inc.* (Personal Products) | 37 | 1,241 | ||||||
Ellington Financial, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 44 | 706 | ||||||
Embecta Corp.* (Health Care Equipment & Supplies) | 44 | 1,295 | ||||||
EMCOR Group, Inc. (Construction & Engineering) | 39 | 4,537 | ||||||
Emergent BioSolutions, Inc.* (Biotechnology) | 39 | 1,351 | ||||||
Empire Petroleum Corp.* (Oil, Gas & Consumable Fuels) | 5 | 55 | ||||||
Empire State Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 106 | 904 | ||||||
Employers Holdings, Inc. (Insurance) | 21 | 834 | ||||||
Enact Holdings, Inc. (Thrifts & Mortgage Finance) | 23 | 530 | ||||||
Enanta Pharmaceuticals, Inc.* (Biotechnology) | 15 | 827 | ||||||
Encore Capital Group, Inc.* (Consumer Finance) | 18 | 1,304 | ||||||
Encore Wire Corp. (Electrical Equipment) | 15 | 2,077 | ||||||
Endo International PLC* (Pharmaceuticals) | 180 | 95 | ||||||
Energizer Holdings, Inc. (Household Products) | 51 | 1,506 | ||||||
Energy Fuels, Inc.* (Oil, Gas & Consumable Fuels) | 120 | 805 | ||||||
Energy Recovery, Inc.* (Machinery) | 43 | 956 | ||||||
Energy Vault Holdings, Inc.* (Electrical Equipment) | 19 | 85 | ||||||
Enerpac Tool Group Corp. (Machinery) | 47 | 954 | ||||||
EnerSys (Electrical Equipment) | 32 | 2,109 | ||||||
Eneti, Inc. (Marine) | 18 | 116 | ||||||
Enfusion, Inc.* - Class A (Software) | 20 | 230 | ||||||
EngageSmart, Inc.* (Software) | 27 | 509 | ||||||
Ennis, Inc. (Commercial Services & Supplies) | 20 | 437 | ||||||
Enochian Biosciences, Inc.* (Biotechnology) | 15 | 35 | ||||||
Enova International, Inc.* (Consumer Finance) | 25 | 863 | ||||||
Enovix Corp.* (Electrical Equipment) | 84 | 1,119 | ||||||
EnPro Industries, Inc. (Machinery) | 16 | 1,496 | ||||||
Enstar Group, Ltd.* (Insurance) | 9 | 1,781 | ||||||
Entercom Communications Corp.* (Media) | 92 | 59 | ||||||
Enterprise Bancorp, Inc. (Banks) | 7 | 223 | ||||||
Enterprise Financial Services Corp. (Banks) | 27 | 1,270 | ||||||
Entravision Communications Corp. - Class A (Media) | 46 | 247 | ||||||
Envestnet, Inc.* (Software) | 42 | 2,447 | ||||||
ePlus, Inc.* (Electronic Equipment, Instruments & Components) | 20 | 1,111 | ||||||
EQRx, Inc.* (Biotechnology) | 105 | 572 | ||||||
Equitrans Midstream Corp. (Oil, Gas & Consumable Fuels) | 316 | 2,481 | ||||||
Equity Bancshares, Inc. - Class A (Banks) | 12 | 383 | ||||||
Equity Commonwealth* (Equity Real Estate Investment Trusts (REITs)) | 83 | 2,328 | ||||||
Erasca, Inc.* (Biotechnology) | 50 | 377 | ||||||
Ermenegildo Zegna Holditalia SpA (Consumer Discretionary Products) | 36 | 396 | ||||||
ESCO Technologies, Inc. (Machinery) | 20 | 1,551 | ||||||
Esperion Therapeutics, Inc.* (Biotechnology) | 49 | 283 | ||||||
Esquire Financial Holdings, Inc. (Banks) | 5 | 181 | ||||||
ESS Tech, Inc.* (Electrical Equipment) | 62 | 236 | ||||||
Essent Group, Ltd. (Thrifts & Mortgage Finance) | 81 | 3,382 | ||||||
Essential Properties Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 100 | 2,412 | ||||||
Ethan Allen Interiors, Inc. (Household Durables) | 17 | 391 | ||||||
European Wax Center, Inc.(a) - Class A (Diversified Consumer Services) | 16 | 335 | ||||||
Eventbrite, Inc.* (Interactive Media & Services) | 59 | 552 | ||||||
Everbridge, Inc.* (Software) | 30 | 754 | ||||||
EverCommerce, Inc.* (Software) | 19 | 218 | ||||||
Everi Holdings, Inc.* (Hotels, Restaurants & Leisure) | 68 | 1,306 | ||||||
EverQuote, Inc.* - Class A (Interactive Media & Services) | 15 | 157 | ||||||
EVERTEC, Inc. (IT Services) | 46 | 1,794 | ||||||
EVgo, Inc.*(a) (Specialty Retail) | 52 | 466 | ||||||
Evo Payments, Inc.* (IT Services) | 36 | 984 | ||||||
Evolent Health, Inc.* (Health Care Technology) | 63 | 2,141 | ||||||
Evolus, Inc.* (Pharmaceuticals) | 27 | 333 | ||||||
Evolv Technologies Holdings, Inc.* (Electronic Equipment, Instruments & Components) | 65 | 175 | ||||||
Evoqua Water Technologies Corp.* (Machinery) | 91 | 3,468 | ||||||
Excelerate Energy, Inc.* - Class A (Oil, Gas & Consumable Fuels) | 14 | 310 | ||||||
ExlService Holdings, Inc.* (IT Services) | 25 | 4,208 | ||||||
eXp World Holdings, Inc. (Real Estate Management & Development) | 53 | 788 | ||||||
Exponent, Inc. (Professional Services) | 40 | 4,019 | ||||||
Express, Inc.* (Specialty Retail) | 49 | 83 | ||||||
Expro Group Holdings N.V.* (Energy Equipment & Services) | 60 | 731 | ||||||
Extreme Networks, Inc.* (Communications Equipment) | 98 | 1,282 | ||||||
EyePoint Pharmaceuticals, Inc.* (Pharmaceuticals) | 20 | 183 | ||||||
EZCORP, Inc.* - Class A (Consumer Finance) | 38 | 306 | ||||||
F45 Training Holdings, Inc.* (Hotels, Restaurants & Leisure) | 28 | 55 | ||||||
Fabrinet* (Electronic Equipment, Instruments & Components) | 28 | 2,690 | ||||||
Faraday Future Intelligent Electric, Inc.* (Automobiles) | 76 | 168 | ||||||
Farmers & Merchants Bancorp, Inc. (Banks) | 9 | 276 | ||||||
Farmers National Bancorp (Banks) | 24 | 341 | ||||||
Farmland Partners, Inc. (Equity Real Estate Investment Trusts (REITs)) | 35 | 519 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
FARO Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 14 | $ | 455 | |||||
Fastly, Inc.* - Class A (IT Services) | 86 | 978 | ||||||
Fate Therapeutics, Inc.* (Biotechnology) | 64 | 1,954 | ||||||
Fathom Digital Manufacturing C* (Machinery) | 8 | 34 | ||||||
FB Financial Corp. (Banks) | 28 | 1,200 | ||||||
Federal Agricultural Mortgage Corp. (Thrifts & Mortgage Finance) | 7 | 772 | ||||||
Federal Signal Corp. (Machinery) | 46 | 1,910 | ||||||
Federated Hermes, Inc. - Class B (Capital Markets) | 68 | 2,319 | ||||||
FibroGen, Inc.* (Biotechnology) | 67 | 843 | ||||||
Figs, Inc.* - Class A (Health Care Equipment & Supplies) | 98 | 1,036 | ||||||
Finance Of America Cos., Inc.* - Class A (Thrifts & Mortgage Finance) | 30 | 53 | ||||||
Financial Institutions, Inc. (Banks) | 12 | 318 | ||||||
First Advantage Corp.* (Professional Services) | 45 | 631 | ||||||
First Bancorp (Banks) | 151 | 2,279 | ||||||
First Bancorp (Banks) | 27 | 1,023 | ||||||
First Bank/Hamilton NJ (Banks) | 12 | 181 | ||||||
First Busey Corp. (Banks) | 40 | 986 | ||||||
First Business Financial Services, Inc. (Banks) | 6 | 201 | ||||||
First Commonwealth Financial Corp. (Banks) | 72 | 1,067 | ||||||
First Community Bancshares, Inc. (Banks) | 13 | 417 | ||||||
First Financial Bancorp (Banks) | 72 | 1,608 | ||||||
First Financial Bankshares, Inc. (Banks) | 100 | 4,417 | ||||||
First Financial Corp. (Banks) | 9 | 420 | ||||||
First Foundation, Inc. (Banks) | 39 | 812 | ||||||
First Guaranty Bancshares, Inc. (Banks) | 5 | 124 | ||||||
First Internet Bancorp (Banks) | 7 | 248 | ||||||
First Interstate BancSystem, Inc. - Class A (Banks) | 72 | 2,936 | ||||||
First Merchants Corp. (Banks) | 44 | 1,827 | ||||||
First Mid Bancshares, Inc. (Banks) | 14 | 526 | ||||||
First Watch Restaurant Group, Inc.* (Hotels, Restaurants & Leisure) | 8 | 133 | ||||||
First Western Financial, Inc.* (Banks) | 6 | 168 | ||||||
FirstCash Holdings, Inc. (Consumer Finance) | 30 | 2,197 | ||||||
Fisker, Inc.*(a) (Automobiles) | 125 | 1,198 | ||||||
Five Star Bancorp (Banks) | 10 | 264 | ||||||
Flagstar Bancorp, Inc. (Thrifts & Mortgage Finance) | 40 | 1,648 | ||||||
FLEX LNG, Ltd. (Oil, Gas & Consumable Fuels) | 22 | 701 | ||||||
Fluence Energy, Inc.* (Electrical Equipment) | 28 | 385 | ||||||
Fluor Corp.* (Construction & Engineering) | 110 | 2,795 | ||||||
Flushing Financial Corp. (Banks) | 22 | 475 | ||||||
Flywire Corp.* (IT Services) | 43 | 1,009 | ||||||
Focus Financial Partners, Inc.* (Capital Markets) | 45 | 1,819 | ||||||
Focus Universal, Inc.* (Electronic Equipment, Instruments & Components) | 14 | 195 | ||||||
Foghorn Therapeutics, Inc.* (Pharmaceuticals) | 15 | 219 | ||||||
Foot Locker, Inc. (Specialty Retail) | 64 | 1,816 | ||||||
Forestar Group, Inc.* (Real Estate Management & Development) | 14 | 194 | ||||||
ForgeRock, Inc.* - Class A (Software) | 21 | 426 | ||||||
Forma Therapeutics Holdings, Inc.* (Biotechnology) | 28 | 232 | ||||||
FormFactor, Inc.* (Semiconductors & Semiconductor Equipment) | 60 | 2,134 | ||||||
Forrester Research, Inc.* (Professional Services) | 9 | 418 | ||||||
Forward Air Corp. (Air Freight & Logistics) | 21 | 2,204 | ||||||
Fossil Group, Inc.* (Textiles, Apparel & Luxury Goods) | 36 | 217 | ||||||
Four Corners Property Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 62 | 1,812 | ||||||
Fox Factory Holding Corp.* (Auto Components) | 33 | 3,123 | ||||||
Franchise Group, Inc. (Diversified Consumer Services) | 21 | 692 | ||||||
Franklin BSP Realty Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 65 | 998 | ||||||
Franklin Covey Co.* (Professional Services) | 10 | 523 | ||||||
Franklin Electric Co., Inc. (Machinery) | 35 | 3,179 | ||||||
Franklin Street Properties Corp. (Equity Real Estate Investment Trusts (REITs)) | 76 | 288 | ||||||
Fresh Del Monte Produce, Inc. (Food Products) | 23 | 683 | ||||||
Frontdoor, Inc.* (Diversified Consumer Services) | 64 | 1,713 | ||||||
Frontier Group Holdings, Inc.* (Airlines) | 29 | 420 | ||||||
Frontline, Ltd.* (Oil, Gas & Consumable Fuels) | 96 | 921 | ||||||
FRP Holdings, Inc.* (Real Estate Management & Development) | 5 | 295 | ||||||
FTC Solar, Inc.* (Electrical Equipment) | 32 | 161 | ||||||
fuboTV, Inc.* (Interactive Media & Services) | 137 | 344 | ||||||
FuelCell Energy, Inc.* (Electrical Equipment) | 284 | 1,020 | ||||||
Fulcrum Therapeutics, Inc.* (Pharmaceuticals) | 26 | 153 | ||||||
Fulgent Genetics, Inc.* (Health Care Providers & Services) | 17 | 1,016 | ||||||
Full House Resorts, Inc.* (Hotels, Restaurants & Leisure) | 25 | 155 | ||||||
Fulton Financial Corp. (Banks) | 121 | 2,019 | ||||||
Funko, Inc.* (Distributors) | 24 | 629 | ||||||
FutureFuel Corp. (Chemicals) | 20 | 144 | ||||||
FVCBankcorp, Inc.* (Banks) | 9 | 172 | ||||||
Gambling.com Group, Ltd.* (Media) | 7 | 54 | ||||||
GAMCO Investors, Inc. - Class A (Capital Markets) | 4 | 83 | ||||||
Gannett Co., Inc.* (Media) | 111 | 334 | ||||||
GATX Corp. (Trading Companies & Distributors) | 27 | 2,707 | ||||||
GCM Grosvenor, Inc. - Class A (Capital Markets) | 33 | 261 | ||||||
GCP Applied Technologies, Inc.* (Chemicals) | 38 | 1,197 | ||||||
Gelesis Holdings, Inc.* (Biotechnology) | 8 | 12 | ||||||
Genco Shipping & Trading, Ltd. (Marine) | 28 | 540 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Generation Bio Co.* (Biotechnology) | 36 | $ | 230 | |||||
Genesco, Inc.* (Specialty Retail) | 10 | 561 | ||||||
Gentherm, Inc.* (Auto Components) | 25 | 1,614 | ||||||
Genworth Financial, Inc.* (Insurance) | 392 | 1,666 | ||||||
German American Bancorp, Inc. (Banks) | 21 | 795 | ||||||
Geron Corp.* (Biotechnology) | 276 | 524 | ||||||
Getty Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 32 | 939 | ||||||
Gevo, Inc.* (Oil, Gas & Consumable Fuels) | 151 | 444 | ||||||
Gibraltar Industries, Inc.* (Building Products) | 25 | 1,170 | ||||||
G-III Apparel Group, Ltd.* (Textiles, Apparel & Luxury Goods) | 34 | 751 | ||||||
Glacier Bancorp, Inc. (Banks) | 86 | 4,307 | ||||||
Gladstone Commercial Corp. (Equity Real Estate Investment Trusts (REITs)) | 29 | 608 | ||||||
Gladstone Land Corp. (Equity Real Estate Investment Trusts (REITs)) | 25 | 678 | ||||||
Glatfelter Corp. (Paper & Forest Products) | 34 | 209 | ||||||
Glaukos Corp.* (Health Care Equipment & Supplies) | 35 | 1,885 | ||||||
Global Blood Therapeutics, Inc.* (Biotechnology) | 48 | 1,571 | ||||||
Global Industrial Co. (Trading Companies & Distributors) | 10 | 358 | ||||||
Global Medical REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 47 | 572 | ||||||
Global Net Lease, Inc. (Equity Real Estate Investment Trusts (REITs)) | 80 | 1,207 | ||||||
Global Water Resources, Inc. (Water Utilities) | 10 | 132 | ||||||
Globalstar, Inc.* (Diversified Telecommunication Services) | 527 | 738 | ||||||
GMS, Inc.* (Trading Companies & Distributors) | 33 | 1,751 | ||||||
Gogo, Inc.* (Wireless Telecommunication Services) | 38 | 660 | ||||||
Golar LNG, Ltd.* (Oil, Gas & Consumable Fuels) | 78 | 1,745 | ||||||
Golden Entertainment, Inc.* (Hotels, Restaurants & Leisure) | 16 | 702 | ||||||
Golden Ocean Group, Ltd. (Marine) | 94 | 1,026 | ||||||
Goosehead Insurance, Inc. (Insurance) | 15 | 843 | ||||||
GoPro, Inc.* - Class A (Household Durables) | 101 | 642 | ||||||
Gossamer Bio, Inc.* (Biotechnology) | 48 | 539 | ||||||
GrafTech International, Ltd. (Electrical Equipment) | 151 | 1,163 | ||||||
Graham Holdings Co. - Class B (Diversified Consumer Services) | 3 | 1,783 | ||||||
Granite Construction, Inc. (Construction & Engineering) | 35 | 1,047 | ||||||
Granite Point Mortgage Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 41 | 435 | ||||||
Gray Television, Inc. (Media) | 65 | 1,207 | ||||||
Great Lakes Dredge & Dock Corp.* (Construction & Engineering) | 50 | 647 | ||||||
Great Southern Bancorp, Inc. (Banks) | 7 | 434 | ||||||
Green Brick Partners, Inc.* (Household Durables) | 22 | 590 | ||||||
Green Dot Corp.* - Class A (Consumer Finance) | 37 | 1,040 | ||||||
Green Plains, Inc.* (Oil, Gas & Consumable Fuels) | 41 | 1,477 | ||||||
Greene County Bancorp, Inc. (Thrifts & Mortgage Finance) | 3 | 138 | ||||||
Greenidge Generation Holdings, Inc.* (Software) | 10 | 30 | ||||||
GreenLight Biosciences Holdings PBC* (Biotechnology) | 11 | 23 | ||||||
Greenlight Capital Re, Ltd.* - Class A (Insurance) | 20 | 144 | ||||||
Greif, Inc. - Class A (Containers & Packaging) | 20 | 1,412 | ||||||
Greif, Inc. - Class B (Containers & Packaging) | 4 | 279 | ||||||
Grid Dynamics Holdings, Inc.* (IT Services) | 37 | 698 | ||||||
Griffon Corp. (Building Products) | 35 | 1,050 | ||||||
Group 1 Automotive, Inc. (Specialty Retail) | 12 | 2,123 | ||||||
Groupon, Inc.* (Internet & Direct Marketing Retail) | 17 | 180 | ||||||
GrowGeneration Corp.* (Specialty Retail) | 44 | 213 | ||||||
Guaranty Bancshares, Inc. (Banks) | 6 | 224 | ||||||
Guess?, Inc.(a) (Specialty Retail) | 26 | 492 | ||||||
Gulfport Energy Corp.* (Oil, Gas & Consumable Fuels) | 9 | 828 | ||||||
H&E Equipment Services, Inc. (Trading Companies & Distributors) | 25 | 894 | ||||||
H.B. Fuller Co. (Chemicals) | 41 | 2,632 | ||||||
Haemonetics Corp.* (Health Care Equipment & Supplies) | 39 | 2,710 | ||||||
Halozyme Therapeutics, Inc.* (Biotechnology) | 104 | 5,086 | ||||||
Hamilton Lane, Inc. (Capital Markets) | 27 | 2,040 | ||||||
Hancock Whitney Corp. (Banks) | 66 | 3,221 | ||||||
Hanger, Inc.* (Health Care Providers & Services) | 29 | 539 | ||||||
Hanmi Financial Corp. (Banks) | 23 | 581 | ||||||
Hannon Armstrong Sustainable Infrastructure Capital, Inc. - Class I (Mortgage Real Estate Investment Trusts (REITs)) | 66 | 2,382 | ||||||
HarborOne Bancorp, Inc. (Banks) | 35 | 508 | ||||||
Harmonic, Inc.* (Communications Equipment) | 71 | 775 | ||||||
Harmony Biosciences Holdings, Inc.* (Pharmaceuticals) | 20 | 1,015 | ||||||
Harsco Corp.* (Machinery) | 60 | 289 | ||||||
Haverty Furniture Cos., Inc. (Specialty Retail) | 12 | 328 | ||||||
Hawaiian Holdings, Inc.* (Airlines) | 39 | 583 | ||||||
Hawkins, Inc. (Chemicals) | 15 | 596 | ||||||
Haynes International, Inc. (Metals & Mining) | 9 | 348 | ||||||
HBT Financial, Inc. (Banks) | 8 | 149 | ||||||
HCI Group, Inc. (Insurance) | 6 | 411 | ||||||
Health Catalyst, Inc.* (Health Care Technology) | 42 | 703 | ||||||
Healthcare Services Group, Inc. (Commercial Services & Supplies) | 57 | 817 | ||||||
HealthEquity, Inc.* (Health Care Providers & Services) | 64 | 3,723 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
HealthStream, Inc.* (Health Care Technology) | 19 | $ | 457 | |||||
Heartland Express, Inc. (Road & Rail) | 36 | 572 | ||||||
Heartland Financial USA, Inc. (Banks) | 32 | 1,437 | ||||||
Hecla Mining Co. (Metals & Mining) | 412 | 1,866 | ||||||
Heidrick & Struggles International, Inc. (Professional Services) | 15 | 467 | ||||||
Helen of Troy, Ltd.* (Household Durables) | 18 | 2,408 | ||||||
Heliogen, Inc.* (Electrical Equipment) | 15 | 37 | ||||||
Helios Technologies, Inc. (Machinery) | 25 | 1,721 | ||||||
Helix Energy Solutions Group, Inc.* (Energy Equipment & Services) | 110 | 444 | ||||||
Helmerich & Payne, Inc. (Energy Equipment & Services) | 79 | 3,657 | ||||||
Herbalife Nutrition, Ltd.* (Personal Products) | 76 | 1,854 | ||||||
Herc Holdings, Inc. (Trading Companies & Distributors) | 20 | 2,480 | ||||||
Heritage Commerce Corp. (Banks) | 45 | 530 | ||||||
Heritage Financial Corp. (Banks) | 27 | 703 | ||||||
Heritage-Crystal Clean, Inc.* (Commercial Services & Supplies) | 12 | 403 | ||||||
Heron Therapeutics, Inc.* (Biotechnology) | 79 | 220 | ||||||
Hersha Hospitality Trust* (Equity Real Estate Investment Trusts (REITs)) | 24 | 242 | ||||||
Heska Corp.* (Health Care Equipment & Supplies) | 7 | 640 | ||||||
HF Foods Group, Inc.* (Food & Staples Retailing) | 28 | 147 | ||||||
Hibbett, Inc. (Specialty Retail) | 10 | 469 | ||||||
HighPeak Energy, Inc. (Oil, Gas & Consumable Fuels) | 5 | 123 | ||||||
Hillenbrand, Inc. (Machinery) | 56 | 2,587 | ||||||
HilleVax, Inc.* (Biotechnology) | 10 | 135 | ||||||
Hillman Solutions Corp.* (Machinery) | 104 | 1,076 | ||||||
Hilltop Holdings, Inc. (Banks) | 47 | 1,356 | ||||||
Hilton Grand Vacations, Inc.* (Hotels, Restaurants & Leisure) | 69 | 2,813 | ||||||
Hims & Hers Health, Inc.* (Health Care Providers & Services) | 93 | 576 | ||||||
Hingham Institution For Savings The (Thrifts & Mortgage Finance) | 1 | 290 | ||||||
Hippo Holdings, Inc.* (Insurance) | 196 | 167 | ||||||
HireRight Holdings Corp.* (Professional Services) | 16 | 238 | ||||||
HNI Corp. (Commercial Services & Supplies) | 33 | 1,166 | ||||||
Holley, Inc.* (Auto Components) | 40 | 320 | ||||||
Home Bancorp, Inc. (Thrifts & Mortgage Finance) | 6 | 226 | ||||||
Home BancShares, Inc. (Banks) | 146 | 3,446 | ||||||
Home Point Capital, Inc. (Thrifts & Mortgage Finance) | 6 | 22 | ||||||
HomeStreet, Inc. (Thrifts & Mortgage Finance) | 14 | 522 | ||||||
HomeTrust Bancshares, Inc. (Banks) | 11 | 266 | ||||||
Hope Bancorp, Inc. (Banks) | 89 | 1,339 | ||||||
Horace Mann Educators Corp. (Insurance) | 32 | 1,096 | ||||||
Horizon Bancorp, Inc. (Banks) | 31 | 591 | ||||||
Hostess Brands, Inc.* (Food Products) | 106 | 2,397 | ||||||
Houlihan Lokey, Inc. (Capital Markets) | 39 | 3,297 | ||||||
Hovnanian Enterprises, Inc.* - Class A (Household Durables) | 4 | 194 | ||||||
Hub Group, Inc.* - Class A (Air Freight & Logistics) | 26 | 1,986 | ||||||
Hudson Technologies, Inc.* (Commercial Services & Supplies) | 33 | 294 | ||||||
Humacyte, Inc.* (Biotechnology) | 14 | 49 | ||||||
Huron Consulting Group, Inc.* (Professional Services) | 16 | 1,074 | ||||||
Hycroft Mining Holding Corp.* (Metals & Mining) | 116 | 119 | ||||||
Hydrofarm Holdings Group, Inc.* (Machinery) | 34 | 110 | ||||||
Hyliion Holdings Corp.* (Machinery) | 102 | 401 | ||||||
Hyster-Yale Materials Handling, Inc. (Machinery) | 8 | 277 | ||||||
Hyzon Motors, Inc.* (Machinery) | 68 | 273 | ||||||
I3 Verticals, Inc.* - Class A (IT Services) | 17 | 461 | ||||||
IBEX Holdings, Ltd.* (Commercial Services & Supplies) | 4 | 72 | ||||||
ICF International, Inc. (Professional Services) | 14 | 1,321 | ||||||
Ichor Holdings, Ltd.* (Semiconductors & Semiconductor Equipment) | 22 | 688 | ||||||
Icosavax, Inc.* (Biotechnology) | 17 | 119 | ||||||
Ideaya Biosciences, Inc.* (Biotechnology) | 27 | 403 | ||||||
Identiv, Inc.* (Electronic Equipment, Instruments & Components) | 17 | 230 | ||||||
IDT Corp.* - Class B (Diversified Telecommunication Services) | 11 | 286 | ||||||
IES Holdings, Inc.* (Construction & Engineering) | 7 | 231 | ||||||
IGM Biosciences, Inc.* (Biotechnology) | 8 | 129 | ||||||
iHeartMedia, Inc.* - Class A (Media) | 93 | 696 | ||||||
Imago Biosciences, Inc.* (Biotechnology) | 20 | 322 | ||||||
IMAX Corp.* (Entertainment) | 38 | 639 | ||||||
ImmunityBio, Inc.* (Biotechnology) | 63 | 245 | ||||||
ImmunoGen, Inc.* (Biotechnology) | 165 | 782 | ||||||
Immunovant, Inc.* (Biotechnology) | 31 | 128 | ||||||
Impinj, Inc.* (Semiconductors & Semiconductor Equipment) | 16 | 1,360 | ||||||
Inari Medical, Inc.* (Health Care Equipment & Supplies) | 37 | 2,870 | ||||||
Independence Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 171 | 3,796 | ||||||
Independent Bank Corp. (Banks) | 36 | 3,017 | ||||||
Independent Bank Corp. (Banks) | 15 | 315 | ||||||
Independent Bank Group, Inc. (Banks) | 28 | 1,980 | ||||||
indie Semiconductor, Inc.* - Class A (Semiconductors & Semiconductor Equipment) | 77 | 554 | ||||||
Indus Realty Trust, Inc. (Real Estate Management & Development) | 4 | 244 | ||||||
Industrial Logistics Properties Trust (Equity Real Estate Investment Trusts (REITs)) | 50 | 502 | ||||||
Infinera Corp.* (Communications Equipment) | 146 | 956 | ||||||
Information Services Group, Inc. (IT Services) | 27 | 201 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Infrastructure and Energy Alternatives, Inc.* (Construction & Engineering) | 23 | $ | 325 | |||||
Ingevity Corp.* (Chemicals) | 30 | 2,013 | ||||||
Ingles Markets, Inc. (Food & Staples Retailing) | 11 | 1,050 | ||||||
Inhibrx, Inc.* (Biotechnology) | 22 | 381 | ||||||
Innospec, Inc. (Chemicals) | 19 | 1,938 | ||||||
Innovage Holding Corp.* (Health Care Providers & Services) | 15 | 67 | ||||||
Innovative Industrial Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 21 | 2,025 | ||||||
Innovid Corp.* (Media) | 17 | 45 | ||||||
Innoviva, Inc.* (Pharmaceuticals) | 49 | 703 | ||||||
Inogen, Inc.* (Health Care Equipment & Supplies) | 18 | 501 | ||||||
Inotiv, Inc.* (Life Sciences Tools & Services) | 13 | 243 | ||||||
Inovio Pharmaceuticals, Inc.* (Biotechnology) | 169 | 335 | ||||||
Inseego Corp.* (Communications Equipment) | 66 | 147 | ||||||
Insight Enterprises, Inc.* (Electronic Equipment, Instruments & Components) | 24 | 2,242 | ||||||
Insmed, Inc.* (Biotechnology) | 92 | 2,035 | ||||||
Insperity, Inc. (Professional Services) | 28 | 3,072 | ||||||
Inspirato, Inc.* (Hotels, Restaurants & Leisure) | 8 | 40 | ||||||
Inspire Medical Systems, Inc.* (Health Care Technology) | 21 | 4,390 | ||||||
Inspired Entertainment, Inc.* (Hotels, Restaurants & Leisure) | 17 | 176 | ||||||
Installed Building Products, Inc. (Household Durables) | 19 | 1,927 | ||||||
Insteel Industries, Inc. (Building Products) | 14 | 438 | ||||||
Instil Bio, Inc.* (Biotechnology) | 54 | 305 | ||||||
Instructure Holdings, Inc.* (Software) | 13 | 318 | ||||||
Intapp, Inc.* (Software) | 11 | 167 | ||||||
Integer Holdings Corp.* (Health Care Equipment & Supplies) | 25 | 1,747 | ||||||
Integral Ad Science Holding Corp.* (Technology Hardware, Storage & Peripherals) | 29 | 275 | ||||||
Intellia Therapeutics, Inc.* (Biotechnology) | 58 | 3,756 | ||||||
Inter Parfums, Inc. (Personal Products) | 14 | 1,169 | ||||||
Intercept Pharmaceuticals, Inc.* (Biotechnology) | 19 | 242 | ||||||
InterDigital, Inc. (Communications Equipment) | 24 | 1,473 | ||||||
Interface, Inc. (Commercial Services & Supplies) | 45 | 652 | ||||||
International Bancshares Corp. (Banks) | 42 | 1,842 | ||||||
International Game Technology PLC (Hotels, Restaurants & Leisure) | 77 | 1,459 | ||||||
International Money Express, Inc.* (IT Services) | 25 | 601 | ||||||
International Seaways, Inc. (Oil, Gas & Consumable Fuels) | 38 | 899 | ||||||
Intra-Cellular Therapies, Inc.* (Pharmaceuticals) | 71 | 3,843 | ||||||
Intrepid Potash, Inc.* (Chemicals) | 9 | 410 | ||||||
InvenTrust Properties Corp. (Equity Real Estate Investment Trusts (REITs)) | 52 | 1,491 | ||||||
Invesco Mortgage Capital, Inc.(a) (Mortgage Real Estate Investment Trusts (REITs)) | 26 | 467 | ||||||
Investors Title Co. (Insurance) | 1 | 149 | ||||||
Invitae Corp.* (Biotechnology) | 177 | 336 | ||||||
IonQ, Inc.* (Technology Hardware, Storage & Peripherals) | 91 | 491 | ||||||
Iovance Biotherapeutics, Inc.* (Biotechnology) | 116 | 1,351 | ||||||
iRadimed Corp. (Health Care Equipment & Supplies) | 5 | 211 | ||||||
iRhythm Technologies, Inc.* (Health Care Equipment & Supplies) | 23 | 3,556 | ||||||
Iridium Communications, Inc.* (Diversified Telecommunication Services) | 98 | 4,382 | ||||||
iRobot Corp.* (Household Durables) | 21 | 966 | ||||||
IronNet, Inc.* (Software) | 50 | 111 | ||||||
Ironwood Pharmaceuticals, Inc.* (Biotechnology) | 105 | 1,202 | ||||||
iStar, Inc. (Equity Real Estate Investment Trusts (REITs)) | 51 | 852 | ||||||
iTeos Therapeutics, Inc.* (Biotechnology) | 18 | 440 | ||||||
Itron, Inc.* (Electronic Equipment, Instruments & Components) | 35 | 2,044 | ||||||
IVERIC bio, Inc.* (Biotechnology) | 90 | 962 | ||||||
J & J Snack Foods Corp. (Food Products) | 12 | 1,626 | ||||||
Jack in the Box, Inc. (Hotels, Restaurants & Leisure) | 16 | 1,106 | ||||||
Jackson Financial, Inc. - Class A (Diversified Financial Services) | 58 | 1,596 | ||||||
James River Group Holdings, Ltd. (Insurance) | 28 | 665 | ||||||
Janus International Group, Inc.* (Building Products) | 63 | 641 | ||||||
Janux Therapeutics, Inc.* (Biotechnology) | 13 | 161 | ||||||
JELD-WEN Holding, Inc.* (Building Products) | 66 | 1,173 | ||||||
JOANN, Inc. (Specialty Retail) | 8 | 72 | ||||||
Joby Aviation, Inc.* (Airlines) | 193 | 1,069 | ||||||
John B Sanfilippo & Son, Inc. (Food Products) | 7 | 524 | ||||||
John Bean Technologies Corp. (Machinery) | 24 | 2,695 | ||||||
John Marshall Bancorp, Inc. (Banks) | 9 | 235 | ||||||
John Wiley & Sons, Inc. - Class A (Media) | 33 | 1,722 | ||||||
Johnson Outdoors, Inc. - Class A (Leisure Products) | 4 | 269 | ||||||
Jounce Therapeutics, Inc.* (Biotechnology) | 32 | 98 | ||||||
Kadant, Inc. (Machinery) | 9 | 1,835 | ||||||
Kaiser Aluminum Corp. (Metals & Mining) | 12 | 909 | ||||||
Kaleyra, Inc.* (Software) | 23 | 52 | ||||||
KalVista Pharmaceuticals, Inc.* (Biotechnology) | 19 | 235 | ||||||
Kaman Corp. - Class A (Trading Companies & Distributors) | 22 | 677 | ||||||
KAR Auction Services, Inc.* (Commercial Services & Supplies) | 93 | 1,590 | ||||||
Karat Packaging, Inc.* (Trading Companies & Distributors) | 4 | 76 | ||||||
Karuna Therapeutics, Inc.* (Biotechnology) | 20 | 2,605 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Karyopharm Therapeutics, Inc.* (Biotechnology) | 59 | $ | 251 | |||||
KB Home (Household Durables) | 62 | 2,024 | ||||||
Kearny Financial Corp. (Thrifts & Mortgage Finance) | 48 | 562 | ||||||
Kelly Services, Inc. - Class A (Professional Services) | 27 | 585 | ||||||
Kennametal, Inc. (Machinery) | 64 | 1,718 | ||||||
Kennedy-Wilson Holdings, Inc. (Real Estate Management & Development) | 91 | 1,880 | ||||||
Keros Therapeutics, Inc.* (Biotechnology) | 13 | 417 | ||||||
Kezar Life Sciences, Inc.* (Biotechnology) | 36 | 352 | ||||||
Kforce, Inc. (Professional Services) | 16 | 1,054 | ||||||
Kimball Electronics, Inc.* (Electronic Equipment, Instruments & Components) | 18 | 396 | ||||||
Kimball International, Inc. - Class B (Commercial Services & Supplies) | 28 | 229 | ||||||
Kinetik Holdings, Inc. - Class A (Oil, Gas & Consumable Fuels) | 13 | 529 | ||||||
Kiniksa Pharmaceuticals, Ltd.* - Class A (Biotechnology) | 24 | 238 | ||||||
Kinnate Biopharma, Inc.* (Biotechnology) | 22 | 235 | ||||||
Kinsale Capital Group, Inc. (Insurance) | 17 | 4,134 | ||||||
Kite Realty Group Trust (Equity Real Estate Investment Trusts (REITs)) | 168 | 3,342 | ||||||
KKR Real Estate Finance Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 40 | 780 | ||||||
KnowBe4, Inc.* - Class A (Software) | 56 | 800 | ||||||
Knowles Corp.* (Electronic Equipment, Instruments & Components) | 69 | 1,363 | ||||||
Kodiak Sciences, Inc.* (Biotechnology) | 26 | 259 | ||||||
Kontoor Brands, Inc. (Textiles, Apparel & Luxury Goods) | 43 | 1,570 | ||||||
Koppers Holdings, Inc. (Chemicals) | 16 | 377 | ||||||
KORE Group Holdings, Inc.* (Wireless Telecommunication Services) | 27 | 72 | ||||||
Korn Ferry (Professional Services) | 41 | 2,686 | ||||||
Kosmos Energy, Ltd.* (Oil, Gas & Consumable Fuels) | 348 | 2,206 | ||||||
Kratos Defense & Security Solutions, Inc.* (Aerospace & Defense) | 95 | 1,367 | ||||||
Krispy Kreme, Inc. (Hotels, Restaurants & Leisure) | 55 | 785 | ||||||
Kronos Bio, Inc.* (Chemicals) | 31 | 130 | ||||||
Kronos Worldwide, Inc. (Chemicals) | 17 | 299 | ||||||
Krystal Biotech, Inc.* (Biotechnology) | 16 | 1,161 | ||||||
Kulicke & Soffa Industries, Inc. (Semiconductors & Semiconductor Equipment) | 45 | 2,165 | ||||||
Kura Oncology, Inc.* (Biotechnology) | 49 | 750 | ||||||
Kura Sushi USA, Inc.* - Class A (Hotels, Restaurants & Leisure) | 4 | 338 | ||||||
Kymera Therapeutics, Inc.* (Biotechnology) | 29 | 639 | ||||||
Ladder Capital Corp. (Mortgage Real Estate Investment Trusts (REITs)) | 87 | 1,034 | ||||||
Lakeland Bancorp, Inc. (Banks) | 48 | 764 | ||||||
Lakeland Financial Corp. (Banks) | 19 | 1,478 | ||||||
Lancaster Colony Corp. (Food Products) | 15 | 1,985 | ||||||
Landec Corp.* (Food Products) | 20 | 210 | ||||||
Lands' End, Inc.* (Internet & Direct Marketing Retail) | 12 | 153 | ||||||
Landsea Homes Corp.* (Household Durables) | 8 | 59 | ||||||
Lantheus Holdings, Inc.* (Health Care Equipment & Supplies) | 53 | 4,066 | ||||||
Laredo Petroleum, Inc.* (Oil, Gas & Consumable Fuels) | 13 | 1,153 | ||||||
Latch, Inc.* (Software) | 54 | 65 | ||||||
Latham Group, Inc.* (Leisure Products) | 34 | 187 | ||||||
Laureate Education, Inc. - Class A (Diversified Consumer Services) | 87 | 1,030 | ||||||
Lawson Products, Inc.* (Trading Companies & Distributors) | 4 | 198 | ||||||
La-Z-Boy, Inc. (Household Durables) | 33 | 920 | ||||||
LCI Industries (Auto Components) | 19 | 2,567 | ||||||
Leafly Holdings, Inc.* (Interactive Media & Services) | 3 | 17 | ||||||
Legacy Housing Corp.* (Household Durables) | 7 | 95 | ||||||
Legalzoom.com, Inc.* (Professional Services) | 75 | 786 | ||||||
Lemaitre Vascular, Inc. (Health Care Equipment & Supplies) | 15 | 755 | ||||||
Lemonade, Inc.* (Insurance) | 36 | 679 | ||||||
LendingClub Corp.* (Consumer Finance) | 78 | 1,080 | ||||||
LendingTree, Inc.* (Thrifts & Mortgage Finance) | 8 | 365 | ||||||
Lexicon Pharmaceuticals, Inc.* (Biotechnology) | 56 | 133 | ||||||
LGI Homes, Inc.* (Household Durables) | 16 | 1,805 | ||||||
LHC Group, Inc.* (Health Care Providers & Services) | 23 | 3,750 | ||||||
Liberty Energy, Inc.* (Energy Equipment & Services) | 110 | 1,562 | ||||||
Liberty Latin America, Ltd.* - Class A (Media) | 30 | 221 | ||||||
Liberty Latin America, Ltd.* - Class C (Media) | 118 | 866 | ||||||
Liberty Media Corp-Liberty Braves* - Class A (Entertainment) | 8 | 231 | ||||||
Liberty Media Corp-Liberty Braves* - Class C (Entertainment) | 29 | 802 | ||||||
Li-Cycle Holdings Corp.* (Commercial Services & Supplies) | 102 | 733 | ||||||
Life Time Group Holdings, Inc.* (Hotels, Restaurants & Leisure) | 32 | 464 | ||||||
LifeStance Health Group, Inc.* (Health Care Providers & Services) | 56 | 334 | ||||||
Lifetime Brands, Inc. (Household Durables) | 10 | 108 | ||||||
Ligand Pharmaceuticals, Inc.* (Biotechnology) | 12 | 1,104 | ||||||
Light & Wonder, Inc.* (Hotels, Restaurants & Leisure) | 75 | 3,820 | ||||||
Lightning eMotors, Inc.* (Machinery) | 30 | 107 | ||||||
Lightwave Logic, Inc.* (Electronic Equipment, Instruments & Components) | 86 | 918 | ||||||
Limelight Networks, Inc.* (IT Services) | 106 | 268 | ||||||
Lindblad Expeditions Holdings, Inc.* (Hotels, Restaurants & Leisure) | 25 | 198 | ||||||
Lindsay Corp. (Machinery) | 8 | 1,232 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Lions Gate Entertainment Corp.* - Class A (Entertainment) | 45 | $ | 394 | |||||
Lions Gate Entertainment Corp.* - Class B (Entertainment) | 90 | 748 | ||||||
Liquidia Corp.* (Pharmaceuticals) | 37 | 181 | ||||||
Liquidity Services, Inc.* (Internet & Direct Marketing Retail) | 19 | 382 | ||||||
LivaNova PLC* (Health Care Equipment & Supplies) | 41 | 2,610 | ||||||
Live Oak Bancshares, Inc. (Banks) | 25 | 941 | ||||||
Livent Corp.* (Chemicals) | 125 | 3,111 | ||||||
LivePerson, Inc.* (Software) | 54 | 737 | ||||||
LiveRamp Holdings, Inc.* (IT Services) | 52 | 1,384 | ||||||
LiveVox Holdings, Inc.* (Software) | 17 | 28 | ||||||
LL Flooring Holdings, Inc.* (Specialty Retail) | 23 | 231 | ||||||
Local Bounti Corp.* (Food Products) | 14 | 54 | ||||||
Lordstown Motors Corp.* - Class A (Automobiles) | 123 | 276 | ||||||
Loyalty Ventures, Inc.* (Media) | 15 | 44 | ||||||
LSB Industries, Inc.* (Chemicals) | 24 | 331 | ||||||
LTC Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 30 | 1,257 | ||||||
Lulu's Fashion Lounge Holdings, Inc.* (Internet & Direct Marketing Retail) | 5 | 28 | ||||||
Luminar Technologies, Inc.* (Auto Components) | 184 | 1,244 | ||||||
Luther Burbank Corp. (Thrifts & Mortgage Finance) | 11 | 145 | ||||||
Luxfer Holdings PLC (Machinery) | 22 | 359 | ||||||
LXP Industrial Trust (Equity Real Estate Investment Trusts (REITs)) | 218 | 2,391 | ||||||
Lyell Immunopharma, Inc.* (Biotechnology) | 133 | 741 | ||||||
M.D.C Holdings, Inc. (Household Durables) | 44 | 1,595 | ||||||
M/I Homes, Inc.* (Household Durables) | 21 | 966 | ||||||
Macatawa Bank Corp. (Banks) | 20 | 186 | ||||||
MACOM Technology Solutions Holdings, Inc.* (Semiconductors & Semiconductor Equipment) | 39 | 2,260 | ||||||
MacroGenics, Inc.* (Biotechnology) | 46 | 144 | ||||||
Madison Square Garden Entertainment Corp.* (Entertainment) | 20 | 1,165 | ||||||
Madrigal Pharmaceuticals, Inc.* (Biotechnology) | 10 | 628 | ||||||
Magnite, Inc.* (Media) | 101 | 772 | ||||||
Magnolia Oil & Gas Corp. (Oil, Gas & Consumable Fuels) | 128 | 3,089 | ||||||
Malibu Boats, Inc.* (Leisure Products) | 16 | 999 | ||||||
Manning & Napier, Inc. (Capital Markets) | 12 | 153 | ||||||
MannKind Corp.* (Biotechnology) | 192 | 662 | ||||||
ManTech International Corp. - Class A (Professional Services) | 23 | 2,204 | ||||||
Marathon Digital Holdings, Inc.*(a) (IT Services) | 78 | 1,013 | ||||||
Marcus & Millichap, Inc. (Real Estate Management & Development) | 19 | 777 | ||||||
Marine Products Corp. (Leisure Products) | 6 | 65 | ||||||
MarineMax, Inc.* (Specialty Retail) | 16 | 653 | ||||||
MarketWise, Inc.* (Capital Markets) | 13 | 37 | ||||||
Markforged Holding Corp.* (Machinery) | 85 | 186 | ||||||
Marqeta, Inc.* - Class A (IT Services) | 334 | 3,203 | ||||||
Marten Transport, Ltd. (Road & Rail) | 45 | 970 | ||||||
Masonite International Corp.* (Building Products) | 17 | 1,548 | ||||||
MasterCraft Boat Holdings, Inc.* (Leisure Products) | 14 | 332 | ||||||
Matador Resources Co. (Oil, Gas & Consumable Fuels) | 87 | 5,026 | ||||||
Materion Corp. (Metals & Mining) | 16 | 1,311 | ||||||
Matson, Inc. (Marine) | 31 | 2,842 | ||||||
Matterport, Inc.*(a) (Software) | 168 | 714 | ||||||
Matthews International Corp. - Class A (Commercial Services & Supplies) | 24 | 671 | ||||||
Maxar Technologies, Inc. (Aerospace & Defense) | 56 | 1,539 | ||||||
MaxCyte, Inc.* (Biotechnology) | 67 | 365 | ||||||
MAXIMUS, Inc. (IT Services) | 47 | 3,142 | ||||||
MaxLinear, Inc.* - Class A (Semiconductors & Semiconductor Equipment) | 55 | 2,223 | ||||||
MBIA, Inc.* (Insurance) | 37 | 465 | ||||||
McGrath RentCorp (Commercial Services & Supplies) | 19 | 1,603 | ||||||
MediaAlpha, Inc.* - Class A (Interactive Media & Services) | 18 | 222 | ||||||
Medifast, Inc. (Personal Products) | 9 | 1,514 | ||||||
MEDNAX, Inc.* (Health Care Providers & Services) | 66 | 1,496 | ||||||
Medpace Holdings, Inc.* (Life Sciences Tools & Services) | 21 | 3,559 | ||||||
MeiraGTx Holdings PLC* (Biotechnology) | 23 | 190 | ||||||
Mercantile Bank Corp. (Banks) | 12 | 425 | ||||||
Merchants Bancorp (Thrifts & Mortgage Finance) | 12 | 318 | ||||||
Mercury General Corp. (Insurance) | 21 | 881 | ||||||
Meridian Bioscience, Inc.* (Health Care Equipment & Supplies) | 33 | 1,045 | ||||||
MeridianLink, Inc.* (Software) | 18 | 307 | ||||||
Merit Medical Systems, Inc.* (Health Care Equipment & Supplies) | 43 | 2,472 | ||||||
Meritage Homes Corp.* (Household Durables) | 28 | 2,472 | ||||||
Meritor, Inc.* (Machinery) | 54 | 1,967 | ||||||
Mersana Therapeutics, Inc.* (Biotechnology) | 67 | 340 | ||||||
Mesa Laboratories, Inc. (Health Care Equipment & Supplies) | 4 | 853 | ||||||
Meta Financial Group, Inc. (Thrifts & Mortgage Finance) | 22 | 742 | ||||||
Methode Electronics, Inc. (Electronic Equipment, Instruments & Components) | 28 | 1,155 | ||||||
Metrocity Bankshares, Inc. (Banks) | 14 | 290 | ||||||
Metropolitan Bank Holding Corp.* (Banks) | 8 | 555 | ||||||
MFA Financial, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 79 | 1,024 | ||||||
MGE Energy, Inc. (Electric Utilities) | 28 | 2,279 | ||||||
MGP Ingredients, Inc. (Beverages) | 11 | 1,157 | ||||||
MicroStrategy, Inc.*(a) (Software) | 7 | 2,002 | ||||||
Microvast Holdings, Inc.* (Machinery) | 131 | 347 | ||||||
MicroVision, Inc.*(a) (Electronic Equipment, Instruments & Components) | 127 | 654 | ||||||
Mid Penn Bancorp, Inc. (Banks) | 11 | 315 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Middlesex Water Co. (Water Utilities) | 13 | $ | 1,236 | |||||
Midland States Bancorp, Inc. (Banks) | 16 | 419 | ||||||
MidWestOne Financial Group, Inc. (Banks) | 11 | 343 | ||||||
Miller Industries, Inc. (Machinery) | 9 | 216 | ||||||
MillerKnoll, Inc. (Commercial Services & Supplies) | 58 | 1,746 | ||||||
MiMedx Group, Inc.* (Biotechnology) | 87 | 298 | ||||||
Minerals Technologies, Inc. (Chemicals) | 25 | 1,670 | ||||||
Mirion Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 105 | 714 | ||||||
Mirum Pharmaceuticals, Inc.* (Biotechnology) | 12 | 301 | ||||||
Mission Produce, Inc.* (Food Products) | 31 | 440 | ||||||
Mitek System, Inc.* (Software) | 32 | 348 | ||||||
Model N, Inc.* (Software) | 28 | 703 | ||||||
Modine Manufacturing Co.* (Auto Components) | 38 | 499 | ||||||
ModivCare, Inc.* (Health Care Providers & Services) | 10 | 998 | ||||||
Moelis & Co. (Capital Markets) | 50 | 2,328 | ||||||
Momentive Global, Inc.* (Software) | 102 | 882 | ||||||
Momentus, Inc.* (Aerospace & Defense) | 42 | 74 | ||||||
Monarch Casino & Resort, Inc.* (Hotels, Restaurants & Leisure) | 10 | 642 | ||||||
MoneyGram International, Inc.* (IT Services) | 72 | 732 | ||||||
Moneylion, Inc.* (IT Services) | 111 | 174 | ||||||
Monro, Inc. (Specialty Retail) | 26 | 1,304 | ||||||
Montauk Renewables, Inc.* (Independent Power and Renewable Electricity Producers) | 50 | 599 | ||||||
Monte Rosa Therapeutics, Inc.* (Biotechnology) | 22 | 200 | ||||||
Montrose Environmental Group, Inc.* (Commercial Services & Supplies) | 21 | 843 | ||||||
Moog, Inc. - Class A (Aerospace & Defense) | 22 | 1,884 | ||||||
Morphic Holding, Inc.* (Biotechnology) | 20 | 529 | ||||||
Motorcar Parts of America, Inc.* (Auto Components) | 14 | 211 | ||||||
Movado Group, Inc. (Textiles, Apparel & Luxury Goods) | 12 | 408 | ||||||
Mr. Cooper Group, Inc.* (Thrifts & Mortgage Finance) | 56 | 2,523 | ||||||
MRC Global, Inc.* (Trading Companies & Distributors) | 64 | 744 | ||||||
Mueller Industries, Inc. (Machinery) | 43 | 2,895 | ||||||
Mueller Water Products, Inc. - Class A (Machinery) | 120 | 1,562 | ||||||
Mullen Automotive, Inc.*(a) (Software) | 12 | 10 | ||||||
Multiplan Corp.* (Health Care Technology) | 291 | 1,472 | ||||||
Murphy Oil Corp. (Oil, Gas & Consumable Fuels) | 113 | 3,970 | ||||||
Murphy USA, Inc. (Specialty Retail) | 17 | 4,834 | ||||||
MVB Financial Corp. (Banks) | 8 | 260 | ||||||
Myers Industries, Inc. (Containers & Packaging) | 28 | 681 | ||||||
MYR Group, Inc.* (Construction & Engineering) | 13 | 1,238 | ||||||
Myriad Genetics, Inc.* (Biotechnology) | 61 | 1,609 | ||||||
N-able, Inc.* (Software) | 52 | 511 | ||||||
Nabors Industries, Ltd.* (Energy Equipment & Services) | 7 | 997 | ||||||
NACCO Industries, Inc. - Class A (Oil, Gas & Consumable Fuels) | 3 | 118 | ||||||
NanoString Technologies, Inc.* (Life Sciences Tools & Services) | 36 | 461 | ||||||
Nano-X Imaging, Ltd.*(a) (Health Care Equipment & Supplies) | 32 | 385 | ||||||
Napco Security Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 23 | 590 | ||||||
National Bank Holdings Corp. (Banks) | 22 | 916 | ||||||
National Beverage Corp. (Beverages) | 18 | 975 | ||||||
National Energy Services Reunited Corp.* (Energy Equipment & Services) | 29 | 204 | ||||||
National Health Investors, Inc. (Equity Real Estate Investment Trusts (REITs)) | 34 | 2,205 | ||||||
National Healthcare Corp. (Health Care Providers & Services) | 10 | 710 | ||||||
National Presto Industries, Inc. (Aerospace & Defense) | 4 | 285 | ||||||
National Research Corp. (Health Care Providers & Services) | 11 | 417 | ||||||
National Vision Holdings, Inc.* (Specialty Retail) | 62 | 1,807 | ||||||
National Western Life Group, Inc. - Class A (Insurance) | 2 | 404 | ||||||
Natural Grocers by Vitamin Cottage, Inc. (Food & Staples Retailing) | 7 | 116 | ||||||
Nature's Sunshine Products, Inc.* (Personal Products) | 10 | 105 | ||||||
Nautilus Biotechnology, Inc.* (Life Sciences Tools & Services) | 37 | 108 | ||||||
Navient Corp. (Consumer Finance) | 89 | 1,465 | ||||||
NBT Bancorp, Inc. (Banks) | 32 | 1,297 | ||||||
Nektar Therapeutics* (Pharmaceuticals) | 140 | 554 | ||||||
Nelnet, Inc. - Class A (Consumer Finance) | 11 | 1,046 | ||||||
NEOGAMES SA* (Hotels, Restaurants & Leisure) | 10 | 153 | ||||||
Neogen Corp.*(a) (Health Care Equipment & Supplies) | 83 | 1,920 | ||||||
NeoGenomics, Inc.* (Life Sciences Tools & Services) | 96 | 972 | ||||||
NeoPhotonics Corp.* (Semiconductors & Semiconductor Equipment) | 40 | 640 | ||||||
NerdWallet, Inc.* - Class A (Interactive Media & Services) | 20 | 174 | ||||||
Nerdy, Inc.* (Diversified Consumer Services) | 42 | 110 | ||||||
NETGEAR, Inc.* (Communications Equipment) | 22 | 567 | ||||||
NetScout Systems, Inc.* (Communications Equipment) | 54 | 1,921 | ||||||
NETSTREIT Corp. (Equity Real Estate Investment Trusts (REITs)) | 37 | 759 | ||||||
Nevro Corp.* (Health Care Equipment & Supplies) | 27 | 1,170 | ||||||
New Jersey Resources Corp. (Gas Utilities) | 74 | 3,418 | ||||||
New York Mortgage Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 293 | 920 | ||||||
Newmark Group, Inc. (Real Estate Management & Development) | 114 | 1,300 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Newpark Resources, Inc.* (Energy Equipment & Services) | 65 | $ | 229 | |||||
Nexpoint Real Estate Finance, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 6 | 127 | ||||||
Nexpoint Residential Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 17 | 1,131 | ||||||
NextDecade Corp.* (Oil, Gas & Consumable Fuels) | 24 | 170 | ||||||
NextGen Healthcare, Inc.* (Health Care Technology) | 43 | 736 | ||||||
NexTier Oilfield Solutions, Inc.* (Energy Equipment & Services) | 135 | 1,346 | ||||||
NextNav, Inc.* (Software) | 38 | 105 | ||||||
NGM Biopharmaceuticals, Inc.* (Pharmaceuticals) | 30 | 434 | ||||||
NI Holdings, Inc.* (Insurance) | 7 | 104 | ||||||
Nicolet Bankshares, Inc.* (Banks) | 9 | 720 | ||||||
Nikola Corp.*(a) (Machinery) | 225 | 1,400 | ||||||
Nkarta, Inc.* (Biotechnology) | 25 | 338 | ||||||
NL Industries, Inc. (Commercial Services & Supplies) | 6 | 56 | ||||||
nLight, Inc.* (Electronic Equipment, Instruments & Components) | 34 | 417 | ||||||
NMI Holdings, Inc.* - Class A (Thrifts & Mortgage Finance) | 65 | 1,231 | ||||||
Noble Corp.* (Energy Equipment & Services) | 29 | 870 | ||||||
Noodles & Co.* (Hotels, Restaurants & Leisure) | 31 | 162 | ||||||
Nordic American Tankers, Ltd. (Oil, Gas & Consumable Fuels) | 146 | 350 | ||||||
Northeast Bank (Banks) | 5 | 199 | ||||||
Northern Oil And Gas, Inc. (Oil, Gas & Consumable Fuels) | 50 | 1,442 | ||||||
Northfield Bancorp, Inc. (Thrifts & Mortgage Finance) | 34 | 500 | ||||||
Northwest Bancshares, Inc. (Thrifts & Mortgage Finance) | 94 | 1,352 | ||||||
Northwest Natural Holding Co. (Gas Utilities) | 26 | 1,395 | ||||||
Northwest Pipe Co.* (Construction & Engineering) | 8 | 251 | ||||||
NorthWestern Corp. (Multi-Utilities) | 42 | 2,329 | ||||||
Novagold Resources, Inc.* (Metals & Mining) | 184 | 898 | ||||||
Novanta, Inc.* (Electronic Equipment, Instruments & Components) | 27 | 4,163 | ||||||
NOW, Inc.* (Trading Companies & Distributors) | 85 | 940 | ||||||
Nu Skin Enterprises, Inc. - Class A (Personal Products) | 38 | 1,653 | ||||||
Nurix Therapeutics, Inc.* (Biotechnology) | 34 | 543 | ||||||
NuScale Power Corp.* (Electrical Equipment) | 13 | 186 | ||||||
Nutex Health, Inc.* (Health Care Technology) | 30 | 79 | ||||||
Nuvalent, Inc.* - Class A (Biotechnology) | 13 | 193 | ||||||
NuVasive, Inc.* (Health Care Equipment & Supplies) | 40 | 2,101 | ||||||
Nuvation Bio, Inc.* (Pharmaceuticals) | 90 | 248 | ||||||
NV5 Global, Inc.* (Construction & Engineering) | 10 | 1,356 | ||||||
Oasis Petroleum, Inc. (Oil, Gas & Consumable Fuels) | 33 | 4,231 | ||||||
Oceaneering International, Inc.* (Energy Equipment & Services) | 77 | 818 | ||||||
Oceanfirst Financial Corp. (Thrifts & Mortgage Finance) | 45 | 925 | ||||||
Ocugen, Inc.* (Biotechnology) | 165 | 426 | ||||||
Ocular Therapeutix, Inc.* (Pharmaceuticals) | 59 | 264 | ||||||
Offerpad Solutions, Inc.* (Real Estate Management & Development) | 53 | 112 | ||||||
Office Properties Income Trust (Equity Real Estate Investment Trusts (REITs)) | 37 | 769 | ||||||
OFG Bancorp (Banks) | 37 | 1,016 | ||||||
O-I Glass, Inc.* (Containers & Packaging) | 120 | 1,765 | ||||||
Oil States International, Inc.* (Energy Equipment & Services) | 47 | 240 | ||||||
Old National Bancorp (Banks) | 226 | 3,934 | ||||||
Old Second Bancorp, Inc. (Banks) | 33 | 464 | ||||||
Olo, Inc.* - Class A (Software) | 69 | 739 | ||||||
Olympic Steel, Inc. (Metals & Mining) | 7 | 208 | ||||||
Omega Flex, Inc. (Machinery) | 3 | 345 | ||||||
Omnicell, Inc.* (Health Care Technology) | 34 | 3,744 | ||||||
ON24, Inc.* (Software) | 32 | 308 | ||||||
Ondas Holdings, Inc.* (Communications Equipment) | 26 | 119 | ||||||
ONE Gas, Inc. (Gas Utilities) | 41 | 3,483 | ||||||
One Liberty Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 13 | 361 | ||||||
OneSpan, Inc.* (Software) | 31 | 343 | ||||||
OneSpaWorld Holdings, Ltd.* (Diversified Consumer Services) | 51 | 368 | ||||||
Onewater Marine, Inc.* (Specialty Retail) | 9 | 326 | ||||||
Onto Innovation, Inc.* (Semiconductors & Semiconductor Equipment) | 38 | 3,164 | ||||||
Ooma, Inc.* (Diversified Telecommunication Services) | 18 | 215 | ||||||
Open Lending Corp.* - Class A (Capital Markets) | 81 | 839 | ||||||
OPKO Health, Inc.* (Biotechnology) | 311 | 734 | ||||||
Oportun Financial Corp.* (Consumer Finance) | 21 | 193 | ||||||
Oppenheimer Holdings, Inc. - Class A (Capital Markets) | 7 | 235 | ||||||
OppFi, Inc.* (Consumer Finance) | 10 | 31 | ||||||
OptimizeRx Corp.* (Health Care Technology) | 14 | 315 | ||||||
Option Care Health, Inc.* (Health Care Providers & Services) | 111 | 3,730 | ||||||
OraSure Technologies, Inc.* (Health Care Equipment & Supplies) | 56 | 171 | ||||||
Orchid Island Capital, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 137 | 441 | ||||||
Organogenesis Holdings, Inc.* (Biotechnology) | 54 | 310 | ||||||
Origin Bancorp, Inc. (Banks) | 17 | 732 | ||||||
Origin Materials, Inc.* (Chemicals) | 82 | 482 | ||||||
Orion Engineered Carbons SA (Chemicals) | 47 | 813 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Orion Office REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 44 | $ | 481 | |||||
Ormat Technologies, Inc. (Independent Power and Renewable Electricity Producers) | 35 | 3,028 | ||||||
Orrstown Financial Services, Inc. (Banks) | 8 | 207 | ||||||
Orthofix Medical, Inc.* (Health Care Equipment & Supplies) | 15 | 385 | ||||||
OrthoPediatrics Corp.* (Health Care Equipment & Supplies) | 11 | 520 | ||||||
Oscar Health, Inc.* - Class A (Insurance) | 91 | 491 | ||||||
OSI Systems, Inc.* (Electronic Equipment, Instruments & Components) | 12 | 1,160 | ||||||
Otter Tail Corp. (Electric Utilities) | 32 | 2,249 | ||||||
Ouster, Inc.* (Electronic Equipment, Instruments & Components) | 105 | 185 | ||||||
Outbrain, Inc.* (Interactive Media & Services) | 31 | 174 | ||||||
Outfront Media, Inc. (Equity Real Estate Investment Trusts (REITs)) | 113 | 2,086 | ||||||
Outlook Therapeutics, Inc.* (Biotechnology) | 91 | 103 | ||||||
Outset Medical, Inc.* (Health Care Equipment & Supplies) | 37 | 572 | ||||||
Overstock.com, Inc.* (Internet & Direct Marketing Retail) | 33 | 957 | ||||||
Owens & Minor, Inc. (Health Care Providers & Services) | 57 | 2,018 | ||||||
Owlet, Inc.* (Health Care Equipment & Supplies) | 13 | 28 | ||||||
Oxford Industries, Inc. (Textiles, Apparel & Luxury Goods) | 12 | 1,145 | ||||||
P3 Health Partners, Inc.* (Health Care Providers & Services) | 20 | 98 | ||||||
Pacific Biosciences of California, Inc.* (Life Sciences Tools & Services) | 174 | 760 | ||||||
Pacific Premier Bancorp, Inc. (Banks) | 72 | 2,422 | ||||||
Pacira BioSciences, Inc.* (Pharmaceuticals) | 35 | 1,980 | ||||||
Pactiv Evergreen, Inc. (Containers & Packaging) | 33 | 337 | ||||||
PagerDuty, Inc.* (Software) | 65 | 1,685 | ||||||
Palomar Holdings, Inc.* (Insurance) | 19 | 1,185 | ||||||
PAM Transportation Services, Inc.* (Road & Rail) | 5 | 179 | ||||||
Papa John's International, Inc. (Hotels, Restaurants & Leisure) | 25 | 2,397 | ||||||
Par Pacific Holdings, Inc.* (Oil, Gas & Consumable Fuels) | 38 | 627 | ||||||
PAR Technology Corp.* (Electronic Equipment, Instruments & Components) | 20 | 832 | ||||||
Paragon 28, Inc.* (Health Care Equipment & Supplies) | 35 | 665 | ||||||
Paramount Group, Inc. (Equity Real Estate Investment Trusts (REITs)) | 144 | 1,130 | ||||||
Pardes Biosciences, Inc.* (Biotechnology) | 22 | 62 | ||||||
Park Aerospace Corp. (Aerospace & Defense) | 15 | 183 | ||||||
Park National Corp. (Banks) | 11 | 1,425 | ||||||
Parke Bancorp, Inc. (Banks) | 8 | 176 | ||||||
Parsons Corp.* (Aerospace & Defense) | 26 | 1,124 | ||||||
Party City Holdco, Inc.* (Specialty Retail) | 84 | 96 | ||||||
Patrick Industries, Inc. (Auto Components) | 17 | 1,032 | ||||||
Patterson Cos., Inc. (Health Care Providers & Services) | 67 | 2,081 | ||||||
Patterson-UTI Energy, Inc. (Energy Equipment & Services) | 165 | 2,731 | ||||||
Paya Holdings, Inc.* (IT Services) | 67 | 468 | ||||||
Payoneer Global, Inc.* (IT Services) | 167 | 892 | ||||||
Paysafe, Ltd.* (IT Services) | 260 | 523 | ||||||
PBF Energy, Inc.* - Class A (Oil, Gas & Consumable Fuels) | 75 | 2,501 | ||||||
PC Connection, Inc. (Electronic Equipment, Instruments & Components) | 9 | 427 | ||||||
PCB Bancorp (Banks) | 9 | 173 | ||||||
PCSB Financial Corp. (Thrifts & Mortgage Finance) | 10 | 195 | ||||||
PDF Solutions, Inc.* (Semiconductors & Semiconductor Equipment) | 23 | 621 | ||||||
Peabody Energy Corp.* (Oil, Gas & Consumable Fuels) | 91 | 1,910 | ||||||
Peapack Gladstone Financial Corp. (Banks) | 13 | 425 | ||||||
Pebblebrook Hotel Trust (Equity Real Estate Investment Trusts (REITs)) | 100 | 1,956 | ||||||
Pennymac Financial Services, Inc. (Thrifts & Mortgage Finance) | 23 | 1,260 | ||||||
PennyMac Mortgage Investment Trust (Mortgage Real Estate Investment Trusts (REITs)) | 71 | 1,091 | ||||||
Peoples Bancorp, Inc. (Banks) | 21 | 649 | ||||||
Peoples Financial Services Corp. (Banks) | 5 | 266 | ||||||
PepGen, Inc.* (Biotechnology) | 6 | 67 | ||||||
Perdoceo Education Corp.* (Diversified Consumer Services) | 53 | 726 | ||||||
Perella Weinberg Partners (Capital Markets) | 36 | 254 | ||||||
Perficient, Inc.* (IT Services) | 26 | 2,744 | ||||||
Perimeter Solutions SA* (Chemicals) | 94 | 1,086 | ||||||
Petiq, Inc.* (Health Care Providers & Services) | 21 | 344 | ||||||
PetMed Express, Inc. (Internet & Direct Marketing Retail) | 16 | 349 | ||||||
PFSweb, Inc.* (IT Services) | 13 | 142 | ||||||
PGT Innovations, Inc.* (Building Products) | 45 | 986 | ||||||
Phathom Pharmaceuticals, Inc.* (Pharmaceuticals) | 18 | 166 | ||||||
Phibro Animal Health Corp. - Class A (Pharmaceuticals) | 16 | 313 | ||||||
Phillips Edison & Co., Inc. (Equity Real Estate Investment Trusts (REITs)) | 88 | 2,996 | ||||||
Photronics, Inc.* (Semiconductors & Semiconductor Equipment) | 46 | 1,095 | ||||||
Phreesia, Inc.* (Health Care Technology) | 38 | 893 | ||||||
Physicians Realty Trust (Equity Real Estate Investment Trusts (REITs)) | 173 | 3,074 | ||||||
Piedmont Lithium, Inc.* (Metals & Mining) | 13 | 588 | ||||||
Piedmont Office Realty Trust, Inc. - Class A (Equity Real Estate Investment Trusts (REITs)) | 95 | 1,307 | ||||||
Ping Identity Holding Corp.* (Software) | 59 | 1,012 | ||||||
Pioneer Bancorp, Inc.* (Thrifts & Mortgage Finance) | 9 | 87 | ||||||
Piper Sandler Cos. (Capital Markets) | 13 | 1,641 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Pitney Bowes, Inc. (Commercial Services & Supplies) | 133 | $ | 435 | |||||
PJT Partners, Inc. - Class A (Capital Markets) | 18 | 1,287 | ||||||
Planet Labs PBC* (Professional Services) | 120 | 640 | ||||||
Plantronics, Inc.* (Communications Equipment) | 33 | 1,313 | ||||||
Playstudios, Inc.* (Entertainment) | 61 | 245 | ||||||
PLBY Group, Inc.* (Textiles, Apparel & Luxury Goods) | 24 | 154 | ||||||
Plexus Corp.* (Electronic Equipment, Instruments & Components) | 21 | 1,973 | ||||||
Plymouth Industrial REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 29 | 559 | ||||||
PMV Pharmaceuticals, Inc.* (Pharmaceuticals) | 28 | 419 | ||||||
PNM Resources, Inc. (Electric Utilities) | 66 | 3,186 | ||||||
Point Biopharma Global, Inc.* (Biotechnology) | 57 | 418 | ||||||
PolyMet Mining Corp.* (Metals & Mining) | 22 | 66 | ||||||
Porch Group, Inc.* (Internet & Direct Marketing Retail) | 62 | 120 | ||||||
Portillo's, Inc.* - Class A (Hotels, Restaurants & Leisure) | 15 | 342 | ||||||
Portland General Electric Co. (Electric Utilities) | 69 | 3,542 | ||||||
Poshmark, Inc.* - Class A (Internet & Direct Marketing Retail) | 35 | 378 | ||||||
Postal Realty Trust, Inc. - Class A (Equity Real Estate Investment Trusts (REITs)) | 14 | 236 | ||||||
PotlatchDeltic Corp. (Equity Real Estate Investment Trusts (REITs)) | 53 | 2,599 | ||||||
Powell Industries, Inc. (Electrical Equipment) | 7 | 168 | ||||||
Power Integrations, Inc. (Semiconductors & Semiconductor Equipment) | 45 | 3,825 | ||||||
PowerSchool Holdings, Inc.* (Diversified Consumer Services) | 35 | 504 | ||||||
PRA Group, Inc.* (Consumer Finance) | 31 | 1,235 | ||||||
Praxis Precision Medicines, Inc.* (Biotechnology) | 29 | 102 | ||||||
Precigen, Inc.* (Biotechnology) | 78 | 122 | ||||||
Preferred Bank (Banks) | 11 | 800 | ||||||
Preformed Line Products Co. (Electrical Equipment) | 2 | 120 | ||||||
Premier Financial Corp. (Thrifts & Mortgage Finance) | 27 | 769 | ||||||
Prestige Consumer Healthcare, Inc.* (Pharmaceuticals) | 39 | 2,352 | ||||||
PriceSmart, Inc. (Food & Staples Retailing) | 19 | 1,261 | ||||||
Primis Financial Corp. (Banks) | 17 | 230 | ||||||
Primo Water Corp. (Beverages) | 121 | 1,600 | ||||||
Primoris Services Corp. (Construction & Engineering) | 41 | 958 | ||||||
Priority Technology Holdings, Inc.* (IT Services) | 14 | 63 | ||||||
Privia Health Group, Inc.* (Health Care Providers & Services) | 33 | 1,214 | ||||||
ProAssurance Corp. (Insurance) | 41 | 907 | ||||||
PROCEPT BioRobotics Corp.* (Health Care Equipment & Supplies) | 20 | 766 | ||||||
Professional Holding Corp.* - Class A (Banks) | 10 | 225 | ||||||
PROG Holdings, Inc.* (Consumer Finance) | 42 | 774 | ||||||
Progress Software Corp. (Software) | 34 | 1,597 | ||||||
Progyny, Inc.* (Health Care Providers & Services) | 58 | 1,771 | ||||||
Prometheus Biosciences, Inc.* (Biotechnology) | 23 | 981 | ||||||
ProPetro Holding Corp.* (Energy Equipment & Services) | 67 | 705 | ||||||
PROS Holdings, Inc.* (Software) | 32 | 780 | ||||||
Protagonist Therapeutics, Inc.* (Biotechnology) | 35 | 348 | ||||||
Proterra, Inc.* (Machinery) | 170 | 916 | ||||||
Prothena Corp. PLC* (Biotechnology) | 27 | 839 | ||||||
Proto Labs, Inc.* (Machinery) | 21 | 1,027 | ||||||
Provention Bio, Inc.* (Pharmaceuticals) | 43 | 164 | ||||||
Provident BanCorp, Inc. (Thrifts & Mortgage Finance) | 11 | 167 | ||||||
Provident Financial Services, Inc. (Thrifts & Mortgage Finance) | 57 | 1,389 | ||||||
PTC Therapeutics, Inc.* (Biotechnology) | 54 | 2,352 | ||||||
PubMatic, Inc.* - Class A (Media) | 32 | 531 | ||||||
Pulmonx Corp.* (Health Care Equipment & Supplies) | 26 | 443 | ||||||
Pure Cycle Corp.* (Water Utilities) | 15 | 158 | ||||||
PureCycle Technologies, Inc.* (Chemicals) | 82 | 622 | ||||||
Purple Innovation, Inc.* (Household Durables) | 42 | 147 | ||||||
Pzena Investment Management, Inc. - Class A (Capital Markets) | 13 | 123 | ||||||
Q2 Holdings, Inc.* (Software) | 43 | 1,888 | ||||||
QCR Holdings, Inc. (Banks) | 13 | 771 | ||||||
Quad/Graphics, Inc.* (Commercial Services & Supplies) | 27 | 86 | ||||||
Quaker Chemical Corp. (Chemicals) | 10 | 1,622 | ||||||
Qualys, Inc.* (Software) | 30 | 3,669 | ||||||
Quanex Building Products Corp. (Building Products) | 25 | 615 | ||||||
Quanterix Corp.* (Life Sciences Tools & Services) | 26 | 416 | ||||||
Quantum-Si, Inc.* (Life Sciences Tools & Services) | 70 | 228 | ||||||
QuidelOrtho Corp.* (Health Care Equipment & Supplies) | – | † | 11 | |||||
QuinStreet, Inc.* (Interactive Media & Services) | 40 | 430 | ||||||
Quotient Technology, Inc.* (Internet & Direct Marketing Retail) | 69 | 191 | ||||||
Qurate Retail, Inc. - Class A (Internet & Direct Marketing Retail) | 269 | 734 | ||||||
R1 RCM, Inc.* (Health Care Providers & Services) | 104 | 2,600 | ||||||
Rackspace Technology, Inc.* (IT Services) | 44 | 297 | ||||||
Radian Group, Inc. (Thrifts & Mortgage Finance) | 133 | 2,974 | ||||||
Radiant Logistics, Inc.* (Air Freight & Logistics) | 29 | 210 | ||||||
Radius Global Infrastructure, Inc.* - Class A (Diversified Telecommunication Services) | 57 | 871 | ||||||
Radius Health, Inc.* (Biotechnology) | 36 | 363 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
RadNet, Inc.* (Health Care Providers & Services) | 38 | $ | 782 | |||||
Rallybio Corp.* (Biotechnology) | 12 | 112 | ||||||
Ramaco Resources, Inc. (Metals & Mining) | 17 | 200 | ||||||
Rambus, Inc.* (Semiconductors & Semiconductor Equipment) | 84 | 2,124 | ||||||
Ranger Oil Corp. (Oil, Gas & Consumable Fuels) | 16 | 609 | ||||||
Ranpak Holdings Corp.* (Containers & Packaging) | 33 | 169 | ||||||
Rapid7, Inc.* (Software) | 45 | 2,879 | ||||||
RAPT Therapeutics, Inc.* (Biotechnology) | 20 | 368 | ||||||
Rayonier Advanced Materials, Inc.* (Chemicals) | 48 | 170 | ||||||
RBB Bancorp (Banks) | 12 | 274 | ||||||
RBC Bearings, Inc.* (Machinery) | 22 | 5,192 | ||||||
RCI Hospitality Holdings, Inc. (Hotels, Restaurants & Leisure) | 7 | 399 | ||||||
RE/MAX Holdings, Inc. (Real Estate Management & Development) | 14 | 355 | ||||||
Ready Capital Corp. (Mortgage Real Estate Investment Trusts (REITs)) | 58 | 807 | ||||||
Realogy Holdings Corp.* (Real Estate Management & Development) | 89 | 884 | ||||||
Reata Pharmaceuticals, Inc.* - Class A (Pharmaceuticals) | 21 | 644 | ||||||
Recursion Pharmaceuticals, Inc.* - Class A (Biotechnology) | 104 | 880 | ||||||
Red River Bancshares, Inc. (Banks) | 3 | 165 | ||||||
Red Rock Resorts, Inc. - Class A (Hotels, Restaurants & Leisure) | 41 | 1,613 | ||||||
Red Violet, Inc.* (Professional Services) | 7 | 165 | ||||||
Redbox Entertainment, Inc.* (Entertainment) | 5 | 22 | ||||||
Redfin Corp.* (Real Estate Management & Development) | 81 | 705 | ||||||
Redwire Corp.* (Aerospace & Defense) | 15 | 50 | ||||||
Redwood Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 93 | 805 | ||||||
REGENXBIO, Inc.* (Biotechnology) | 31 | 972 | ||||||
Regional Management Corp. (Consumer Finance) | 6 | 246 | ||||||
Relay Therapeutics, Inc.* (Biotechnology) | 59 | 1,122 | ||||||
Relmada Therapeutics, Inc.* (Pharmaceuticals) | 21 | 538 | ||||||
Remitly Global, Inc.* (IT Services) | 65 | 619 | ||||||
Renasant Corp. (Banks) | 42 | 1,403 | ||||||
Rent the Runway, Inc.* - Class A (Internet & Direct Marketing Retail) | 36 | 160 | ||||||
Rent-A-Center, Inc. (Specialty Retail) | 41 | 965 | ||||||
Repay Holdings Corp.* (IT Services) | 67 | 898 | ||||||
Replimune Group, Inc.* (Biotechnology) | 23 | 443 | ||||||
Republic Bancorp, Inc. - Class A (Banks) | 7 | 314 | ||||||
Republic First Bancorp, Inc.* (Banks) | 37 | 134 | ||||||
Reservoir Media, Inc.* (Entertainment) | 16 | 104 | ||||||
Resideo Technologies, Inc.* (Building Products) | 111 | 2,499 | ||||||
Resolute Forest Products, Inc.* (Paper & Forest Products) | 35 | 710 | ||||||
Resources Connection, Inc. (Professional Services) | 24 | 515 | ||||||
Retail Opportunity Investments Corp. (Equity Real Estate Investment Trusts (REITs)) | 93 | 1,624 | ||||||
REV Group, Inc. (Machinery) | 27 | 314 | ||||||
Revance Therapeutics, Inc.* (Pharmaceuticals) | 54 | 838 | ||||||
REVOLUTION Medicines, Inc.* (Biotechnology) | 49 | 1,107 | ||||||
Revolve Group, Inc.* (Internet & Direct Marketing Retail) | 31 | 878 | ||||||
REX American Resources Corp.* (Oil, Gas & Consumable Fuels) | 4 | 382 | ||||||
Ribbon Communications, Inc.* (Communications Equipment) | 56 | 190 | ||||||
Rigel Pharmaceuticals, Inc.* (Biotechnology) | 133 | 158 | ||||||
Rigetti Computing, Inc.* (Semiconductors & Semiconductor Equipment) | 25 | 111 | ||||||
Riley Exploration Permian, Inc. (Oil, Gas & Consumable Fuels) | 8 | 212 | ||||||
Rimini Street, Inc.* (Software) | 37 | 260 | ||||||
Ring Energy, Inc.* (Oil, Gas & Consumable Fuels) | 67 | 188 | ||||||
Riot Blockchain, Inc.* (Software) | 90 | 659 | ||||||
Rite Aid Corp.* (Food & Staples Retailing) | 42 | 346 | ||||||
RLI Corp. (Insurance) | 30 | 3,299 | ||||||
RLJ Lodging Trust (Equity Real Estate Investment Trusts (REITs)) | 127 | 1,586 | ||||||
Rocket Lab USA, Inc.* (Aerospace & Defense) | 164 | 766 | ||||||
Rocket Pharmaceuticals, Inc.* (Biotechnology) | 34 | 493 | ||||||
Rockley Photonics Holdings, Ltd.* (Semiconductors & Semiconductor Equipment) | 78 | 200 | ||||||
Rocky Brands, Inc. (Textiles, Apparel & Luxury Goods) | 5 | 164 | ||||||
Rogers Corp.* (Electronic Equipment, Instruments & Components) | 14 | 3,770 | ||||||
Root, Inc.* - Class A (Insurance) | 107 | 112 | ||||||
Rover Group, Inc.* (Diversified Consumer Services) | 71 | 310 | ||||||
RPC, Inc.* (Energy Equipment & Services) | 57 | 465 | ||||||
RPT Realty (Equity Real Estate Investment Trusts (REITs)) | 64 | 696 | ||||||
RumbleON, Inc.* - Class B (Internet & Direct Marketing Retail) | 8 | 134 | ||||||
Rush Enterprises, Inc. - Class A (Trading Companies & Distributors) | 33 | 1,590 | ||||||
Rush Enterprises, Inc. - Class B (Trading Companies & Distributors) | 5 | 271 | ||||||
Rush Street Interactive, Inc.* (Hotels, Restaurants & Leisure) | 47 | 260 | ||||||
Ruth's Hospitality Group, Inc. (Hotels, Restaurants & Leisure) | 25 | 439 | ||||||
RxSight, Inc.* (Health Care Equipment & Supplies) | 16 | 239 | ||||||
Ryerson Holding Corp. (Metals & Mining) | 13 | 356 | ||||||
Ryman Hospitality Properties, Inc.* - Class I (Equity Real Estate Investment Trusts (REITs)) | 41 | 3,630 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
S&T Bancorp, Inc. (Banks) | 30 | $ | 928 | |||||
Sabra Health Care REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 178 | 2,739 | ||||||
Sabre Corp.* (IT Services) | 251 | 1,544 | ||||||
Safe Bulkers, Inc. (Marine) | 56 | 216 | ||||||
Safehold, Inc. (Equity Real Estate Investment Trusts (REITs)) | 17 | 725 | ||||||
Safety Insurance Group, Inc. (Insurance) | 11 | 952 | ||||||
Sage Therapeutics, Inc.* (Biotechnology) | 40 | 1,376 | ||||||
Saia, Inc.* (Road & Rail) | 20 | 4,757 | ||||||
Sailpoint Technologies Holding, Inc.* (Software) | 72 | 4,590 | ||||||
Sally Beauty Holdings, Inc.* (Specialty Retail) | 82 | 1,048 | ||||||
Sana Biotechnology, Inc.* (Biotechnology) | 68 | 454 | ||||||
SandRidge Energy, Inc.* (Oil, Gas & Consumable Fuels) | 24 | 450 | ||||||
Sandy Spring Bancorp, Inc. (Banks) | 34 | 1,404 | ||||||
Sangamo Therapeutics, Inc.* (Biotechnology) | 92 | 395 | ||||||
Sanmina Corp.* (Electronic Equipment, Instruments & Components) | 46 | 2,118 | ||||||
Sapiens International Corp. N.V. (Software) | 24 | 631 | ||||||
Sarcos Technology and Robotics Corp.* (Machinery) | 58 | 194 | ||||||
Saul Centers, Inc. (Equity Real Estate Investment Trusts (REITs)) | 9 | 471 | ||||||
ScanSource, Inc.* (Electronic Equipment, Instruments & Components) | 20 | 639 | ||||||
Schnitzer Steel Industries, Inc. - Class A (Metals & Mining) | 20 | 711 | ||||||
Scholastic Corp. (Media) | 21 | 988 | ||||||
Schrodinger, Inc.* (Health Care Technology) | 42 | 1,315 | ||||||
Schweitzer-Mauduit International, Inc. (Paper & Forest Products) | 24 | 524 | ||||||
Science 37 Holdings, Inc.* (Life Sciences Tools & Services) | 48 | 96 | ||||||
Scorpio Tankers, Inc. (Oil, Gas & Consumable Fuels) | 38 | 1,467 | ||||||
Sculptor Capital Management, Inc. (Capital Markets) | 20 | 196 | ||||||
Seacoast Banking Corp. of Florida (Banks) | 47 | 1,682 | ||||||
SeaSpine Holdings Corp.* (Health Care Equipment & Supplies) | 27 | 160 | ||||||
SeaWorld Entertainment, Inc.* (Hotels, Restaurants & Leisure) | 35 | 1,671 | ||||||
SecureWorks Corp.* - Class A (Software) | 8 | 79 | ||||||
Seer, Inc.* (Life Sciences Tools & Services) | 40 | 360 | ||||||
Select Energy Services, Inc.* (Energy Equipment & Services) | 55 | 411 | ||||||
Select Medical Holdings Corp. (Health Care Providers & Services) | 83 | 2,458 | ||||||
Selective Insurance Group, Inc. (Insurance) | 46 | 3,582 | ||||||
Selectquote, Inc.* (Insurance) | 103 | 190 | ||||||
Sema4 Holdings Corp.* (Health Care Technology) | 122 | 198 | ||||||
Semtech Corp.* (Semiconductors & Semiconductor Equipment) | 49 | 3,054 | ||||||
Seneca Foods Corp.* - Class A (Food Products) | 5 | 285 | ||||||
Senseonics Holdings, Inc.* (Health Care Equipment & Supplies) | 353 | 455 | ||||||
Sensient Technologies Corp. (Chemicals) | 32 | 2,751 | ||||||
Seres Therapeutics, Inc.* (Biotechnology) | 54 | 222 | ||||||
Seritage Growth Properties* - Class A (Equity Real Estate Investment Trusts (REITs)) | 34 | 409 | ||||||
Service Properties Trust (Equity Real Estate Investment Trusts (REITs)) | 126 | 824 | ||||||
ServisFirst Bancshares, Inc. (Banks) | 39 | 3,333 | ||||||
SFL Corp., Ltd. (Oil, Gas & Consumable Fuels) | 88 | 877 | ||||||
Shake Shack, Inc.* - Class A (Hotels, Restaurants & Leisure) | 29 | 1,492 | ||||||
Sharecare, Inc.* (Health Care Technology) | 47 | 67 | ||||||
Shenandoah Telecommunications Co. (Wireless Telecommunication Services) | 37 | 825 | ||||||
Shoals Technologies Group, Inc.* - Class A (Electrical Equipment) | 86 | 2,032 | ||||||
Shockwave Medical, Inc.* (Health Care Equipment & Supplies) | 27 | 5,696 | ||||||
Shoe Carnival, Inc. (Specialty Retail) | 14 | 305 | ||||||
Shore Bancshares, Inc. (Banks) | 14 | 274 | ||||||
ShotSpotter, Inc.* (Software) | 7 | 235 | ||||||
Shutterstock, Inc. (Internet & Direct Marketing Retail) | 19 | 1,074 | ||||||
SI-BONE, Inc.* (Health Care Equipment & Supplies) | 26 | 349 | ||||||
Sierra Bancorp (Banks) | 11 | 247 | ||||||
SIGA Technologies, Inc. (Pharmaceuticals) | 36 | 619 | ||||||
Sight Sciences, Inc.* (Health Care Equipment & Supplies) | 17 | 158 | ||||||
Signet Jewelers, Ltd. (Specialty Retail) | 36 | 2,195 | ||||||
Silicon Laboratories, Inc.* (Semiconductors & Semiconductor Equipment) | 28 | 4,129 | ||||||
Silk Road Medical, Inc.* (Health Care Equipment & Supplies) | 27 | 1,229 | ||||||
SilverBow Resources, Inc.* (Oil, Gas & Consumable Fuels) | 9 | 407 | ||||||
Silvercrest Asset Management Group, Inc. - Class A (Capital Markets) | 8 | 142 | ||||||
Silvergate Capital Corp.* - Class A (Banks) | 24 | 2,239 | ||||||
Simmons First National Corp. - Class A (Banks) | 96 | 2,280 | ||||||
Simpson Manufacturing Co., Inc. (Building Products) | 33 | 3,408 | ||||||
Simulations Plus, Inc. (Health Care Technology) | 12 | 770 | ||||||
Sinclair Broadcast Group, Inc. - Class A (Media) | 32 | 699 | ||||||
Singular Genomics Systems, Inc.* (Life Sciences Tools & Services) | 43 | 164 | ||||||
SiriusPoint, Ltd.* (Insurance) | 71 | 311 | ||||||
SITE Centers Corp. (Equity Real Estate Investment Trusts (REITs)) | 150 | 2,192 | ||||||
SiTime Corp.* (Semiconductors & Semiconductor Equipment) | 12 | 2,232 | ||||||
Sitio Royalties Corp. (Oil, Gas & Consumable Fuels) | 10 | 280 | ||||||
SJW Corp. (Water Utilities) | 21 | 1,379 | ||||||
Skillsoft Corp.* (Professional Services) | 62 | 238 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Skillz, Inc.* (Entertainment) | 235 | $ | 371 | |||||
Skyline Champion Corp.* (Household Durables) | 41 | 2,594 | ||||||
SkyWater Technology, Inc.* (Semiconductors & Semiconductor Equipment) | 8 | 108 | ||||||
SkyWest, Inc.* (Airlines) | 38 | 918 | ||||||
Sleep Number Corp.* (Specialty Retail) | 17 | 766 | ||||||
SM Energy Co. (Oil, Gas & Consumable Fuels) | 93 | 3,839 | ||||||
SMART Global Holdings, Inc.* (Semiconductors & Semiconductor Equipment) | 38 | 746 | ||||||
SmartFinancial, Inc. (Banks) | 12 | 315 | ||||||
SmartRent, Inc.* (Electronic Equipment, Instruments & Components) | 92 | 521 | ||||||
Smith & Wesson Brands, Inc. (Leisure Products) | 35 | 509 | ||||||
Snap One Holdings Corp.* (Household Durables) | 14 | 170 | ||||||
Solaris Oilfield Infrastructure, Inc. (Energy Equipment & Services) | 24 | 266 | ||||||
SolarWinds Corp. (IT Services) | 37 | 396 | ||||||
Solid Power, Inc.* (Auto Components) | 44 | 279 | ||||||
Solo Brands, Inc.* - Class A (Leisure Products) | 17 | 85 | ||||||
SomaLogic, Inc.* (Life Sciences Tools & Services) | 115 | 581 | ||||||
Sonder Holdings, Inc.* (Hotels, Restaurants & Leisure) | 34 | 53 | ||||||
Sonic Automotive, Inc. - Class A (Specialty Retail) | 16 | 670 | ||||||
Sonos, Inc.* (Household Durables) | 98 | 2,167 | ||||||
Sorrento Therapeutics, Inc.* (Biotechnology) | 293 | 762 | ||||||
South Jersey Industries, Inc. (Gas Utilities) | 95 | 3,257 | ||||||
South Plains Financial, Inc. (Banks) | 8 | 211 | ||||||
Southern First Bancshares, Inc.* (Banks) | 6 | 269 | ||||||
Southern Missouri Bancorp, Inc. (Thrifts & Mortgage Finance) | 6 | 324 | ||||||
Southside Bancshares, Inc. (Banks) | 24 | 959 | ||||||
SouthState Corp. (Banks) | 58 | 4,916 | ||||||
Southwest Gas Holdings, Inc. (Gas Utilities) | 51 | 4,434 | ||||||
Sovos Brands, Inc.* (Food Products) | 22 | 312 | ||||||
SP Plus Corp.* (Commercial Services & Supplies) | 18 | 617 | ||||||
SpartanNash Co. (Food & Staples Retailing) | 27 | 872 | ||||||
Spire Global, Inc.* (Technology Hardware, Storage & Peripherals) | 96 | 144 | ||||||
Spire, Inc. (Gas Utilities) | 39 | 2,934 | ||||||
Spirit Airlines, Inc.* (Airlines) | 84 | 2,081 | ||||||
Sportsman's Warehouse Holdings, Inc.* (Specialty Retail) | 33 | 325 | ||||||
SpringWorks Therapeutics, Inc.* (Biotechnology) | 27 | 807 | ||||||
Sprout Social, Inc.* - Class A (Software) | 35 | 1,824 | ||||||
Sprouts Farmers Market, Inc.* (Food & Staples Retailing) | 84 | 2,322 | ||||||
SPS Commerce, Inc.* (Software) | 28 | 3,352 | ||||||
SPX Corp.* (Machinery) | 34 | 2,010 | ||||||
Squarespace, Inc.* - Class A (IT Services) | 24 | 510 | ||||||
STAAR Surgical Co.* (Health Care Equipment & Supplies) | 37 | 2,986 | ||||||
STAG Industrial, Inc. (Equity Real Estate Investment Trusts (REITs)) | 139 | 4,555 | ||||||
Stagwell, Inc.* (Media) | 60 | 397 | ||||||
Standard Motor Products, Inc. (Auto Components) | 16 | 732 | ||||||
Standex International Corp. (Machinery) | 9 | 874 | ||||||
Starry Group Holdings, Inc.* - Class A (Diversified Telecommunication Services) | 18 | 58 | ||||||
Steelcase, Inc. - Class A (Commercial Services & Supplies) | 66 | 735 | ||||||
Stem, Inc.* (Electrical Equipment) | 111 | 1,258 | ||||||
Stepan Co. (Chemicals) | 16 | 1,795 | ||||||
StepStone Group, Inc. - Class A (Capital Markets) | 41 | 1,092 | ||||||
Sterling Bancorp, Inc.* (Thrifts & Mortgage Finance) | 13 | 81 | ||||||
Sterling Check Corp.* (Professional Services) | 18 | 354 | ||||||
Sterling Construction Co., Inc.* (Construction & Engineering) | 23 | 591 | ||||||
Steven Madden, Ltd. (Textiles, Apparel & Luxury Goods) | 61 | 1,934 | ||||||
Stewart Information Services Corp. (Insurance) | 21 | 1,148 | ||||||
Stitch Fix, Inc.* - Class A (Internet & Direct Marketing Retail) | 63 | 376 | ||||||
Stock Yards Bancorp, Inc. (Banks) | 22 | 1,521 | ||||||
Stoke Therapeutics, Inc.* (Biotechnology) | 17 | 251 | ||||||
StoneCo, Ltd.* - Class A (IT Services) | 213 | 2,041 | ||||||
StoneMor, Inc.* (Diversified Consumer Services) | 21 | 71 | ||||||
Stoneridge, Inc.* (Auto Components) | 20 | 376 | ||||||
StoneX Group, Inc.* (Capital Markets) | 13 | 1,133 | ||||||
Strategic Education, Inc. (Diversified Consumer Services) | 18 | 1,293 | ||||||
Stratus Properties, Inc.* (Real Estate Management & Development) | 5 | 158 | ||||||
Stride, Inc.* (Diversified Consumer Services) | 31 | 1,385 | ||||||
Sturm Ruger & Co., Inc. (Leisure Products) | 13 | 860 | ||||||
Summit Financial Group, Inc. (Banks) | 9 | 275 | ||||||
Summit Hotel Properties, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 81 | 636 | ||||||
Summit Materials, Inc.* - Class A (Construction Materials) | 91 | 2,503 | ||||||
Sumo Logic, Inc.* (Software) | 66 | 447 | ||||||
Sun Country Airlines Holdings, Inc.* (Airlines) | 25 | 504 | ||||||
SunCoke Energy, Inc. (Metals & Mining) | 64 | 474 | ||||||
Sunlight Financial Holdings, Inc.* (Consumer Finance) | 19 | 72 | ||||||
Sunnova Energy International, Inc.* (Independent Power and Renewable Electricity Producers) | 76 | 1,978 | ||||||
SunOpta, Inc.* (Food Products) | 75 | 662 | ||||||
SunPower Corp.* (Semiconductors & Semiconductor Equipment) | 63 | 1,283 | ||||||
Sunstone Hotel Investors, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 165 | 1,869 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Super Micro Computer, Inc.* (Technology Hardware, Storage & Peripherals) | 35 | $ | 1,891 | |||||
Superior Group of Cos., Inc. (Textiles, Apparel & Luxury Goods) | 9 | 166 | ||||||
Supernus Pharmaceuticals, Inc.* (Pharmaceuticals) | 38 | 1,207 | ||||||
Surgery Partners, Inc.* (Health Care Providers & Services) | 31 | 1,221 | ||||||
Surmodics, Inc.* (Health Care Equipment & Supplies) | 10 | 348 | ||||||
Sutro BioPharma, Inc.* (Biotechnology) | 34 | 199 | ||||||
Sweetgreen, Inc.* - Class A (Hotels, Restaurants & Leisure) | 10 | 157 | ||||||
SWK Holdings Corp.* (Diversified Financial Services) | 3 | 54 | ||||||
Sylvamo Corp. (Paper & Forest Products) | 27 | 1,060 | ||||||
Synaptics, Inc.* (Semiconductors & Semiconductor Equipment) | 31 | 4,492 | ||||||
Syndax Pharmaceuticals, Inc.* (Biotechnology) | 40 | 815 | ||||||
Tactile Systems Technology, Inc.* (Health Care Equipment & Supplies) | 15 | 116 | ||||||
Talaris Therapeutics, Inc.* (Biotechnology) | 17 | 76 | ||||||
Talos Energy, Inc.* (Oil, Gas & Consumable Fuels) | 51 | 966 | ||||||
Tanger Factory Outlet Centers, Inc. (Equity Real Estate Investment Trusts (REITs)) | 78 | 1,269 | ||||||
Tango Therapeutics, Inc.* (Biotechnology) | 36 | 147 | ||||||
Target Hospitality Corp.* (Hotels, Restaurants & Leisure) | 24 | 330 | ||||||
Tarsus Pharmaceuticals, Inc.* (Pharmaceuticals) | 14 | 210 | ||||||
Tattooed Chef, Inc.* (Food Products) | 38 | 240 | ||||||
Taylor Morrison Home Corp.* (Household Durables) | 89 | 2,554 | ||||||
TechTarget, Inc.* (Media) | 21 | 1,369 | ||||||
Teekay Corp.* (Oil, Gas & Consumable Fuels) | 54 | 170 | ||||||
Teekay Tankers, Ltd.* - Class A (Oil, Gas & Consumable Fuels) | 18 | 376 | ||||||
TEGNA, Inc. (Media) | 172 | 3,601 | ||||||
Tejon Ranch Co.* (Real Estate Management & Development) | 16 | 264 | ||||||
Telephone and Data Systems, Inc. (Wireless Telecommunication Services) | 78 | 1,233 | ||||||
Tellurian, Inc.* (Oil, Gas & Consumable Fuels) | 393 | 1,462 | ||||||
Telos Corp.* (Software) | 41 | 326 | ||||||
Tenable Holdings, Inc.* (Software) | 85 | 3,285 | ||||||
Tenaya Therapeutics, Inc.* (Biotechnology) | 22 | 105 | ||||||
Tennant Co. (Machinery) | 14 | 938 | ||||||
Tenneco, Inc.* (Auto Components) | 64 | 1,208 | ||||||
Tenon Medical, Inc.* (Health Care Equipment & Supplies) | 2 | 4 | ||||||
Terawulf, Inc.* (Software) | 16 | 23 | ||||||
Terex Corp. (Machinery) | 52 | 1,743 | ||||||
Terran Orbital Corp.* (Aerospace & Defense) | 18 | 76 | ||||||
Terreno Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 57 | 3,571 | ||||||
TETRA Technologies, Inc.* (Energy Equipment & Services) | 96 | 420 | ||||||
Texas Capital Bancshares, Inc.* (Banks) | 39 | 2,286 | ||||||
Texas Roadhouse, Inc. (Hotels, Restaurants & Leisure) | 53 | 4,622 | ||||||
Textainer Group Holdings, Ltd. (Trading Companies & Distributors) | 36 | 1,223 | ||||||
TG Therapeutics, Inc.* (Biotechnology) | 103 | 617 | ||||||
The Andersons, Inc. (Food & Staples Retailing) | 25 | 904 | ||||||
The Arena Group Holdings, Inc.* (Interactive Media & Services) | 9 | 94 | ||||||
The Bancorp, Inc.* (Banks) | 43 | 1,058 | ||||||
The Bank of NT Butterfield & Son, Ltd. (Banks) | 38 | 1,288 | ||||||
The Beachbody Co., Inc.* (Diversified Consumer Services) | 81 | 97 | ||||||
The Beauty Health Co.* (Personal Products) | 77 | 1,026 | ||||||
The Brink's Co. (Commercial Services & Supplies) | 36 | 2,050 | ||||||
The Buckle, Inc. (Specialty Retail) | 23 | 695 | ||||||
The Cato Corp. - Class A (Specialty Retail) | 14 | 173 | ||||||
The Cheesecake Factory, Inc. (Hotels, Restaurants & Leisure) | 38 | 1,111 | ||||||
The Chefs' Warehouse, Inc.* (Food & Staples Retailing) | 26 | 900 | ||||||
The Children's Place, Inc.* (Specialty Retail) | 10 | 433 | ||||||
The Container Store Group, Inc.* (Specialty Retail) | 25 | 187 | ||||||
The Duckhorn Portfolio, Inc.* (Beverages) | 28 | 514 | ||||||
The E.W. Scripps Co.* - Class A (Media) | 45 | 642 | ||||||
The Ensign Group, Inc. (Health Care Providers & Services) | 41 | 3,267 | ||||||
The First Bancorp, Inc. (Banks) | 7 | 211 | ||||||
The First Bancshares, Inc. (Banks) | 15 | 435 | ||||||
The First of Long Island Corp. (Banks) | 17 | 309 | ||||||
The GEO Group, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 91 | 597 | ||||||
The Goodyear Tire & Rubber Co.* (Auto Components) | 216 | 2,652 | ||||||
The Gorman-Rupp Co. (Machinery) | 18 | 553 | ||||||
The Greenbrier Cos., Inc. (Machinery) | 25 | 796 | ||||||
The Hackett Group, Inc. (IT Services) | 21 | 440 | ||||||
The Hain Celestial Group, Inc.* (Food Products) | 58 | 1,320 | ||||||
The Honest Co., Inc.* (Personal Products) | 50 | 167 | ||||||
The Joint Corp.* (Health Care Providers & Services) | 11 | 188 | ||||||
The Lovesac Co.* (Household Durables) | 11 | 343 | ||||||
The Macerich Co. (Equity Real Estate Investment Trusts (REITs)) | 166 | 1,761 | ||||||
The Manitowoc Co., Inc.* (Machinery) | 27 | 309 | ||||||
The Marcus Corp.* (Entertainment) | 18 | 296 | ||||||
The Necessity Retail REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 103 | 802 | ||||||
The ODP Corp.* (Specialty Retail) | 33 | 1,198 | ||||||
The Oncology Institute, Inc.* (Health Care Providers & Services) | 14 | 90 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
The ONE Group Hospitality, Inc.* (Hotels, Restaurants & Leisure) | 17 | $ | 143 | |||||
The Pennant Group, Inc.* (Health Care Providers & Services) | 20 | 267 | ||||||
The RealReal, Inc.* (Internet & Direct Marketing Retail) | 66 | 154 | ||||||
The RMR Group, Inc. - Class A (Real Estate Management & Development) | 12 | 347 | ||||||
The Shyft Group, Inc. (Machinery) | 27 | 700 | ||||||
The Simply Good Foods Co.* (Food Products) | 69 | 2,250 | ||||||
The St Joe Co. (Real Estate Management & Development) | 27 | 1,135 | ||||||
The Vita Coco Co., Inc.* (Beverages) | 21 | 253 | ||||||
The York Water Co. (Water Utilities) | 11 | 473 | ||||||
TherapeuticsMD, Inc.* (Pharmaceuticals) | 1 | 6 | ||||||
Theravance Biopharma, Inc.* (Pharmaceuticals) | 50 | 440 | ||||||
Thermon Group Holdings, Inc.* (Electrical Equipment) | 25 | 389 | ||||||
Theseus Pharmaceuticals, Inc.* (Pharmaceuticals) | 13 | 94 | ||||||
Third Coast Bancshares, Inc.* (Banks) | 10 | 188 | ||||||
Thorne HealthTech, Inc.* (Personal Products) | 11 | 57 | ||||||
ThredUp, Inc.* - Class A (Internet & Direct Marketing Retail) | 45 | 101 | ||||||
Thryv Holdings, Inc.* (Media) | 20 | 487 | ||||||
Tidewater, Inc.* (Energy Equipment & Services) | 29 | 639 | ||||||
Tile Shop Holdings, Inc. (Specialty Retail) | 28 | 93 | ||||||
Tilly's, Inc. - Class A (Specialty Retail) | 18 | 136 | ||||||
TimkenSteel Corp.* (Metals & Mining) | 36 | 730 | ||||||
Tiptree, Inc. (Insurance) | 18 | 200 | ||||||
Titan International, Inc.* (Machinery) | 39 | 654 | ||||||
Titan Machinery, Inc.* (Trading Companies & Distributors) | 16 | 450 | ||||||
Tompkins Financial Corp. (Banks) | 11 | 849 | ||||||
Tootsie Roll Industries, Inc. (Food Products) | 12 | 421 | ||||||
Torrid Holdings, Inc.* (Specialty Retail) | 11 | 45 | ||||||
TowneBank (Banks) | 52 | 1,553 | ||||||
TPG RE Finance Trust, Inc. - Class T (Mortgage Real Estate Investment Trusts (REITs)) | 53 | 575 | ||||||
TPI Composites, Inc.* (Electrical Equipment) | 28 | 461 | ||||||
Traeger, Inc.* (Household Durables) | 25 | 77 | ||||||
Transcat, Inc.* (Trading Companies & Distributors) | 5 | 312 | ||||||
Transcontinental Realty Investors, Inc.* (Real Estate Management & Development) | 1 | 43 | ||||||
TransMedics Group, Inc.* (Health Care Equipment & Supplies) | 21 | 848 | ||||||
Transphorm, Inc.* (Semiconductors & Semiconductor Equipment) | 17 | 88 | ||||||
TravelCenters of America, Inc.* (Specialty Retail) | 10 | 417 | ||||||
Travere Therapeutics, Inc.* (Biotechnology) | 47 | 1,106 | ||||||
Treace Medical Concepts, Inc.* (Health Care Equipment & Supplies) | 26 | 440 | ||||||
Trean Insurance Group, Inc.* (Insurance) | 17 | 88 | ||||||
Tredegar Corp. (Chemicals) | 21 | 220 | ||||||
TreeHouse Foods, Inc.* (Food Products) | 39 | 1,693 | ||||||
Tri Pointe Homes, Inc.* (Household Durables) | 79 | 1,463 | ||||||
Tricida, Inc.* (Pharmaceuticals) | 26 | 238 | ||||||
TriCo Bancshares (Banks) | 24 | 1,147 | ||||||
TriMas Corp. (Containers & Packaging) | 33 | 977 | ||||||
TriNet Group, Inc.* (Professional Services) | 29 | 2,393 | ||||||
Trinity Industries, Inc. (Machinery) | 64 | 1,661 | ||||||
Trinseo PLC (Chemicals) | 28 | 1,002 | ||||||
Triton International, Ltd. (Trading Companies & Distributors) | 49 | 3,140 | ||||||
Triumph Bancorp, Inc.* (Banks) | 18 | 1,308 | ||||||
Triumph Group, Inc.* (Aerospace & Defense) | 49 | 761 | ||||||
Tronox Holdings PLC - Class A (Chemicals) | 90 | 1,405 | ||||||
TrueBlue, Inc.* (Professional Services) | 25 | 541 | ||||||
TrueCar, Inc.* (Interactive Media & Services) | 71 | 182 | ||||||
Trupanion, Inc.* (Insurance) | 30 | 1,891 | ||||||
TrustCo Bank Corp. (Thrifts & Mortgage Finance) | 14 | 470 | ||||||
Trustmark Corp. (Banks) | 47 | 1,526 | ||||||
TTEC Holdings, Inc. (IT Services) | 15 | 1,098 | ||||||
TTM Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 78 | 1,055 | ||||||
Tucows, Inc.* (IT Services) | 8 | 370 | ||||||
Tupperware Brands Corp.* (Household Durables) | 35 | 261 | ||||||
Turning Point Brands, Inc. (Tobacco) | 12 | 288 | ||||||
Turning Point Therapeutics, Inc.* (Biotechnology) | 35 | 2,624 | ||||||
Turtle Beach Corp.* (Technology Hardware, Storage & Peripherals) | 12 | 156 | ||||||
TuSimple Holdings, Inc.* - Class A (Road & Rail) | 108 | 1,076 | ||||||
Tutor Perini Corp.* (Construction & Engineering) | 32 | 291 | ||||||
Twist Bioscience Corp.* (Biotechnology) | 43 | 1,881 | ||||||
Two Harbors Investment Corp. (Mortgage Real Estate Investment Trusts (REITs)) | 266 | 1,431 | ||||||
Tyra Biosciences, Inc.* (Biotechnology) | 10 | 107 | ||||||
U.S. Cellular Corp.* (Wireless Telecommunication Services) | 11 | 322 | ||||||
U.S. Lime & Minerals, Inc. (Construction Materials) | 2 | 206 | ||||||
U.S. Physical Therapy, Inc. (Health Care Providers & Services) | 10 | 1,298 | ||||||
U.S. Silica Holdings, Inc.* (Energy Equipment & Services) | 57 | 788 | ||||||
Udemy, Inc.* (Diversified Consumer Services) | 56 | 669 | ||||||
UFP Industries, Inc. (Building Products) | 47 | 4,333 | ||||||
UFP Technologies, Inc.* (Containers & Packaging) | 5 | 403 | ||||||
Ultra Clean Holdings, Inc.* (Semiconductors & Semiconductor Equipment) | 35 | 1,176 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
UMB Financial Corp. (Banks) | 34 | $ | 3,077 | |||||
UMH Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 38 | 810 | ||||||
Unifi, Inc.* (Textiles, Apparel & Luxury Goods) | 11 | 150 | ||||||
UniFirst Corp. (Commercial Services & Supplies) | 12 | 2,350 | ||||||
Unisys Corp.* (IT Services) | 51 | 700 | ||||||
United Bankshares, Inc. (Banks) | 102 | 3,950 | ||||||
United Community Banks, Inc. (Banks) | 82 | 2,790 | ||||||
United Fire Group, Inc. (Insurance) | 16 | 525 | ||||||
United Natural Foods, Inc.* (Food & Staples Retailing) | 45 | 1,913 | ||||||
Uniti Group, Inc. (Equity Real Estate Investment Trusts (REITs)) | 183 | 1,825 | ||||||
Unitil Corp. (Multi-Utilities) | 12 | 657 | ||||||
Unity Bancorp, Inc. (Banks) | 5 | 140 | ||||||
Universal Corp. (Tobacco) | 19 | 1,062 | ||||||
Universal Electronics, Inc.* (Household Durables) | 9 | 250 | ||||||
Universal Health Realty Income Trust (Equity Real Estate Investment Trusts (REITs)) | 10 | 539 | ||||||
Universal Insurance Holdings, Inc. (Insurance) | 20 | 253 | ||||||
Universal Logistics Holdings, Inc. (Road & Rail) | 6 | 180 | ||||||
Universal Technical Institute, Inc.* (Diversified Consumer Services) | 25 | 201 | ||||||
Univest Financial Corp. (Banks) | 22 | 549 | ||||||
Upland Software, Inc.* (Software) | 22 | 249 | ||||||
Upwork, Inc.* (Professional Services) | 92 | 1,708 | ||||||
Uranium Energy Corp.* (Oil, Gas & Consumable Fuels) | 215 | 903 | ||||||
Urban Edge Properties (Equity Real Estate Investment Trusts (REITs)) | 88 | 1,446 | ||||||
Urban One, Inc.* (Media) | 9 | 32 | ||||||
Urban One, Inc.* (Media) | 6 | 30 | ||||||
Urban Outfitters, Inc.* (Specialty Retail) | 51 | 1,044 | ||||||
Ur-Energy, Inc.* (Oil, Gas & Consumable Fuels) | 161 | 192 | ||||||
Urstadt Biddle Properties, Inc. - Class A (Equity Real Estate Investment Trusts (REITs)) | 23 | 423 | ||||||
USANA Health Sciences, Inc.* (Personal Products) | 9 | 627 | ||||||
USCB Financial Holdings, Inc.* (Banks) | 8 | 97 | ||||||
UserTesting, Inc.* (Software) | 36 | 228 | ||||||
Utah Medical Products, Inc. (Health Care Equipment & Supplies) | 3 | 274 | ||||||
Utz Brands, Inc. (Food Products) | 51 | 858 | ||||||
VAALCO Energy, Inc. (Oil, Gas & Consumable Fuels) | 45 | 267 | ||||||
Vacasa, Inc.* - Class A (Hotels, Restaurants & Leisure) | 31 | 81 | ||||||
Valaris, Ltd.* (Energy Equipment & Services) | 47 | 2,358 | ||||||
Valhi, Inc. (Chemicals) | 2 | 102 | ||||||
Valley National Bancorp (Banks) | 332 | 3,880 | ||||||
Value Line, Inc. (Capital Markets) | 1 | 87 | ||||||
Vanda Pharmaceuticals, Inc.* (Biotechnology) | 43 | 464 | ||||||
Varex Imaging Corp.* (Health Care Equipment & Supplies) | 30 | 669 | ||||||
Varonis Systems, Inc.* (Software) | 84 | 2,136 | ||||||
Vaxart, Inc.* (Biotechnology) | 95 | 350 | ||||||
Vaxcyte, Inc.* (Pharmaceuticals) | 41 | 946 | ||||||
VBI Vaccines, Inc.* (Biotechnology) | 148 | 126 | ||||||
Vector Group, Ltd. (Tobacco) | 111 | 1,237 | ||||||
Vectrus, Inc.* (Aerospace & Defense) | 9 | 299 | ||||||
Veeco Instruments, Inc.* (Semiconductors & Semiconductor Equipment) | 38 | 828 | ||||||
Velo3D, Inc.*(a) (Technology Hardware, Storage & Peripherals) | 43 | 138 | ||||||
Velocity Financial, Inc.* (Thrifts & Mortgage Finance) | 7 | 83 | ||||||
Velodyne Lidar, Inc.* (Electronic Equipment, Instruments & Components) | 149 | 156 | ||||||
Ventyx Biosciences, Inc.* (Pharmaceuticals) | 17 | 257 | ||||||
Vera Therapeutics, Inc.* (Biotechnology) | 11 | 190 | ||||||
Veracyte, Inc.* (Biotechnology) | 55 | 1,449 | ||||||
Vericel Corp.* (Biotechnology) | 36 | 1,171 | ||||||
Verint Systems, Inc.* (Software) | 49 | 2,238 | ||||||
Veris Residential, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 66 | 921 | ||||||
Veritex Holdings, Inc. (Banks) | 40 | 1,238 | ||||||
Veritiv Corp.* (Trading Companies & Distributors) | 11 | 1,364 | ||||||
Veritone, Inc.* (Software) | 24 | 169 | ||||||
Verra Mobility Corp.* - Class C (IT Services) | 112 | 1,847 | ||||||
Vertex Energy, Inc.* (Oil, Gas & Consumable Fuels) | 42 | 570 | ||||||
Veru, Inc.* (Personal Products) | 50 | 605 | ||||||
Verve Therapeutics, Inc.* (Biotechnology) | 28 | 689 | ||||||
Via Renewables, Inc. (Multi-Utilities) | 9 | 73 | ||||||
Viad Corp.* (Commercial Services & Supplies) | 16 | 540 | ||||||
Viant Technology, Inc.* - Class A (Software) | 11 | 55 | ||||||
Viavi Solutions, Inc.* (Communications Equipment) | 175 | 2,591 | ||||||
Vicarious Surgical, Inc.* (Health Care Equipment & Supplies) | 42 | 164 | ||||||
Vicor Corp.* (Electrical Equipment) | 17 | 1,240 | ||||||
Victory Capital Holdings, Inc. - Class A (Capital Markets) | 13 | 360 | ||||||
View, Inc.* (Building Products) | 86 | 190 | ||||||
ViewRay, Inc.* (Health Care Equipment & Supplies) | 114 | 348 | ||||||
Village Super Market, Inc. - Class A (Food & Staples Retailing) | 7 | 158 | ||||||
Vimeo, Inc.* (Interactive Media & Services) | 110 | 612 | ||||||
Vinco Ventures, Inc.* (Leisure Products) | 141 | 107 | ||||||
Vintage Wine Estates, Inc.* (Beverages) | 25 | 184 | ||||||
Vir Biotechnology, Inc.* (Biotechnology) | 56 | 1,557 | ||||||
Virgin Galactic Holdings, Inc.* (Aerospace & Defense) | 176 | 1,309 | ||||||
Viridian Therapeutics, Inc.* (Biotechnology) | 20 | 265 | ||||||
Virtus Investment Partners, Inc. (Capital Markets) | 5 | 1,032 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Vishay Intertechnology, Inc. (Electronic Equipment, Instruments & Components) | 102 | $ | 2,107 | |||||
Vishay Precision Group, Inc.* (Electronic Equipment, Instruments & Components) | 10 | 312 | ||||||
Vista Outdoor, Inc.* (Leisure Products) | 43 | 1,294 | ||||||
VistaGen Therapeutics, Inc.* (Biotechnology) | 150 | 21 | ||||||
Visteon Corp.* (Auto Components) | 21 | 2,679 | ||||||
Vital Farms, Inc.* (Food Products) | 23 | 271 | ||||||
Vivid Seats, Inc. - Class A (Internet & Direct Marketing Retail) | 19 | 159 | ||||||
Vivint Smart Home, Inc.* (Diversified Consumer Services) | 73 | 349 | ||||||
Vizio Holding Corp.* - Class A (Semiconductors & Semiconductor Equipment) | 52 | 476 | ||||||
Volta, Inc.*(a) (Specialty Retail) | 94 | 173 | ||||||
VSE Corp. (Commercial Services & Supplies) | 8 | 336 | ||||||
Vuzix Corp.*(a) (Household Durables) | 46 | 376 | ||||||
W&T Offshore, Inc.* (Oil, Gas & Consumable Fuels) | 73 | 363 | ||||||
Wabash National Corp. (Machinery) | 37 | 668 | ||||||
Walker & Dunlop, Inc. (Thrifts & Mortgage Finance) | 24 | 2,703 | ||||||
Warby Parker, Inc.*(a) - Class A (Specialty Retail) | 64 | 793 | ||||||
Warrior Met Coal, Inc. (Metals & Mining) | 40 | 1,277 | ||||||
Washington Federal, Inc. (Thrifts & Mortgage Finance) | 50 | 1,707 | ||||||
Washington Real Estate Investment Trust (Equity Real Estate Investment Trusts (REITs)) | 67 | 1,485 | ||||||
Washington Trust Bancorp, Inc. (Banks) | 13 | 713 | ||||||
Waterstone Financial, Inc. (Thrifts & Mortgage Finance) | 15 | 280 | ||||||
Watts Water Technologies, Inc. - Class A (Machinery) | 21 | 2,901 | ||||||
WD-40 Co. (Household Products) | 11 | 1,951 | ||||||
Weatherford International PLC* (Energy Equipment & Services) | 54 | 1,249 | ||||||
Weave Communications, Inc.* (Software) | 4 | 20 | ||||||
Weber, Inc. - Class A (Household Durables) | 21 | 134 | ||||||
Weis Markets, Inc. (Food & Staples Retailing) | 13 | 1,000 | ||||||
Wejo Group, Ltd.* (Interactive Media & Services) | 18 | 26 | ||||||
Werner Enterprises, Inc. (Road & Rail) | 50 | 2,198 | ||||||
WesBanco, Inc. (Banks) | 45 | 1,535 | ||||||
WESCO International, Inc.* (Trading Companies & Distributors) | 1 | 128 | ||||||
West Bancorp, Inc. (Banks) | 12 | 312 | ||||||
Westamerica Bancorp (Banks) | 20 | 1,200 | ||||||
Weyco Group, Inc. (Distributors) | 5 | 132 | ||||||
Wheels Up Experience, Inc.* (Airlines) | 122 | 273 | ||||||
Whitestone REIT (Equity Real Estate Investment Trusts (REITs)) | 36 | 404 | ||||||
Whole Earth Brands, Inc.* (Food Products) | 31 | 167 | ||||||
WideOpenWest, Inc.* (Media) | 41 | 754 | ||||||
Willdan Group, Inc.* (Professional Services) | 9 | 245 | ||||||
Wingstop, Inc. (Hotels, Restaurants & Leisure) | 23 | 2,901 | ||||||
Winmark Corp. (Specialty Retail) | 2 | 444 | ||||||
Winnebago Industries, Inc. (Automobiles) | 25 | 1,508 | ||||||
WisdomTree Investments, Inc. (Capital Markets) | 105 | 546 | ||||||
WM Technology, Inc.* (Software) | 55 | 187 | ||||||
Wolverine World Wide, Inc. (Textiles, Apparel & Luxury Goods) | 62 | 1,393 | ||||||
Workhorse Group, Inc.* (Automobiles) | 113 | 370 | ||||||
Workiva, Inc.* (Software) | 37 | 2,424 | ||||||
World Acceptance Corp.* (Consumer Finance) | 3 | 332 | ||||||
World Fuel Services Corp. (Oil, Gas & Consumable Fuels) | 48 | 1,331 | ||||||
Worthington Industries, Inc. (Metals & Mining) | 24 | 1,229 | ||||||
WSFS Financial Corp. (Thrifts & Mortgage Finance) | 50 | 2,386 | ||||||
WW International, Inc.* (Diversified Consumer Services) | 42 | 279 | ||||||
Xencor, Inc.* (Biotechnology) | 44 | 1,262 | ||||||
Xenia Hotels & Resorts, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 88 | 1,445 | ||||||
Xeris Biopharma Holdings, Inc.* (Pharmaceuticals) | 102 | 145 | ||||||
Xerox Holdings Corp. (Technology Hardware, Storage & Peripherals) | 88 | 1,507 | ||||||
Xometry, Inc.* - Class A (Internet & Direct Marketing Retail) | 26 | 988 | ||||||
Xos, Inc.*(a) (Machinery) | 42 | 75 | ||||||
XPEL, Inc.* (Auto Components) | 17 | 1,042 | ||||||
Xperi Holding Corp. (Software) | 80 | 1,341 | ||||||
Xponential Fitness, Inc.* - Class A (Hotels, Restaurants & Leisure) | 13 | 193 | ||||||
Yelp, Inc.* (Interactive Media & Services) | 53 | 1,625 | ||||||
Yext, Inc.* (Software) | 92 | 403 | ||||||
Y-mAbs Therapeutics, Inc.* (Biotechnology) | 28 | 437 | ||||||
Zentalis Pharmaceuticals, Inc.* (Biotechnology) | 30 | 876 | ||||||
Zeta Global Holdings Corp.* - Class A (Software) | 24 | 128 | ||||||
Ziff Davis, Inc.* (Interactive Media & Services) | 35 | 2,865 | ||||||
Zimvie, Inc.* (Health Care Equipment & Supplies) | 16 | 311 | ||||||
ZipRecruiter, Inc.* (Interactive Media & Services) | 61 | 1,069 | ||||||
Zumiez, Inc.* (Specialty Retail) | 12 | 312 | ||||||
Zuora, Inc.* - Class A (Software) | 87 | 740 | ||||||
Zurn Elkay Water Solutions Corp. (Building Products) | 96 | 2,779 | ||||||
Zynex, Inc. (Health Care Equipment & Supplies) | 17 | 146 | ||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $1,152,888) | 1,909,195 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Right NM
No. of Rights | Value | |||||||
Zogenix, Inc.,CVR*+(b) (Pharmaceuticals) | 40 | $ | 27 | |||||
TOTAL RIGHT | ||||||||
(Cost $–) | 27 |
Trust (0.0%)
Interest Units | Value | |||||||
Ferroglobe Representation and Warranty Insurance *+ (Metals & Mining) | 290 | $ | — | |||||
TOTAL TRUST | ||||||||
(Cost $–) | – |
Repurchase Agreements(c)(d) (35.7%)
Principal Amount | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%-2.20%, dated 7/29/22, due 8/1/22, total to be received $1,053,191 | $ | 1,053,000 | $ | 1,053,000 | ||||
TOTAL REPURCHASE AGREEMENTS | ||||||||
(Cost $1,053,000) | 1,053,000 |
Collateral for Securities Loaned(e) (0.5%)
Shares | Value | |||||||
Invesco Government & Agency Portfolio - Institutional Shares, 2.12%(f) | 14,361 | $ | 14,361 | |||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $14,361) | 14,361 | |||||||
TOTAL INVESTMENT SECURITIES | ||||||||
(Cost $2,220,249) - 101.0% | 2,976,583 | |||||||
Net other assets (liabilities) - (1.0)% | (29,735 | ) | ||||||
NET ASSETS - 100.0% | $ | 2,946,848 |
† | Number of shares is less than 0.50. |
* | Non-income producing security. |
+ | These securities were fair valued based on procedures approved by the Board of Trustees. As of July 31, 2022, these securities represented less than 0.005% of the net assets of the Fund. |
(a) | All or part of this security was on loan as of July 31, 2022. The total value of securities on loan as of July 31, 2022 was $13,988. |
(b) | On March 7, 2022, UCB SA acquired Zogenix Inc. As part of the acquisition, shareholders of Zogenix Inc. are entitled to a CVR per share of Zogenix Inc. held. The CVR has a potential cash payment of $2.00 upon EU approval by December 31, 2023, of FINTEPLA® as an orphan medicine for treatment of Lennox-Gastaut syndrome (LGS). |
(c) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(d) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $135,000. |
(e) | Securities were purchased with cash collateral held from securities on loan at July 31, 2022. |
(f) | Rate periodically changes. Rate disclosed is the daily yield on July 31, 2022. |
CVR | Contingent Value Right |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Total Return Swap Agreements — Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | |||||||||
Russell 2000 Index | Goldman Sachs International | 8/29/22 | 2.73 | % | $ | 544,831 | $ | 10,837 | ||||||
Russell 2000 Index | UBS AG | 8/29/22 | 2.33 | % | 493,930 | 9,661 | ||||||||
$ | 1,038,761 | $ | 20,498 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Small-Cap ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Aerospace & Defense | $ | 16,803 | 0.6 | % | ||||
Air Freight & Logistics | 7,476 | 0.3 | % | |||||
Airlines | 7,471 | 0.3 | % | |||||
Auto Components | 26,500 | 0.9 | % | |||||
Automobiles | 4,041 | 0.1 | % | |||||
Banks | 177,941 | 5.9 | % | |||||
Beverages | 10,470 | 0.4 | % | |||||
Biotechnology | 137,996 | 4.7 | % | |||||
Building Products | 25,823 | 0.9 | % | |||||
Capital Markets | 29,808 | 1.0 | % | |||||
Chemicals | 39,686 | 1.3 | % | |||||
Commercial Services & Supplies | 28,336 | 1.0 | % | |||||
Communications Equipment | 19,200 | 0.7 | % | |||||
Construction & Engineering | 26,763 | 0.9 | % | |||||
Construction Materials | 2,709 | 0.1 | % | |||||
Consumer Discretionary Products | 396 | NM | ||||||
Consumer Finance | 12,563 | 0.4 | % | |||||
Containers & Packaging | 6,039 | 0.2 | % | |||||
Distributors | 761 | NM | ||||||
Diversified Consumer Services | 19,365 | 0.7 | % | |||||
Diversified Financial Services | 5,019 | 0.2 | % | |||||
Diversified Telecommunication Services | 10,885 | 0.4 | % | |||||
Electric Utilities | 13,987 | 0.5 | % | |||||
Electrical Equipment | 24,040 | 0.8 | % | |||||
Electronic Equipment, Instruments & Components | 42,176 | 1.4 | % | |||||
Energy Equipment & Services | 29,801 | 1.0 | % | |||||
Entertainment | 6,557 | 0.2 | % | |||||
Equity Real Estate Investment Trusts (REITs) | 122,490 | 4.2 | % | |||||
Food & Staples Retailing | 10,989 | 0.4 | % | |||||
Food Products | 21,775 | 0.7 | % | |||||
Gas Utilities | 24,140 | 0.8 | % | |||||
Health Care Equipment & Supplies | 66,930 | 2.3 | % | |||||
Health Care Providers & Services | 55,739 | 1.9 | % | |||||
Health Care Technology | 20,359 | 0.7 | % | |||||
Hotels, Restaurants & Leisure | 42,266 | 1.4 | % | |||||
Household Durables | 31,334 | 1.1 | % | |||||
Household Products | 5,069 | 0.2 | % | |||||
Independent Power and Renewable Electricity Producers | 9,153 | 0.3 | % | |||||
Industrial Conglomerates | 457 | NM | ||||||
Insurance | 37,258 | 1.3 | % | |||||
Interactive Media & Services | 13,749 | 0.5 | % | |||||
Internet & Direct Marketing Retail | 8,977 | 0.3 | % | |||||
IT Services | 45,177 | 1.5 | % | |||||
Leisure Products | 12,030 | 0.4 | % | |||||
Life Sciences Tools & Services | 13,062 | 0.4 | % | |||||
Machinery | 73,772 | 2.5 | % | |||||
Marine | 5,803 | 0.2 | % | |||||
Media | 18,369 | 0.6 | % | |||||
Metals & Mining | 26,872 | 0.9 | % | |||||
Mortgage Real Estate Investment Trusts (REITs) | 28,087 | 1.0 | % | |||||
Multiline Retail | 1,126 | NM | ||||||
Multi-Utilities | 9,286 | 0.3 | % | |||||
Oil, Gas & Consumable Fuels | 80,577 | 2.7 | % | |||||
Paper & Forest Products | 2,967 | 0.1 | % | |||||
Personal Products | 13,821 | 0.5 | % | |||||
Pharmaceuticals | 29,825 | 1.0 | % | |||||
Professional Services | 34,708 | 1.2 | % | |||||
Real Estate Management & Development | 12,739 | 0.4 | % | |||||
Road & Rail | 12,247 | 0.4 | % | |||||
Semiconductors & Semiconductor Equipment | 56,950 | 1.9 | % | |||||
Software | 91,654 | 3.1 | % | |||||
Specialty Retail | 39,908 | 1.4 | % | |||||
Technology Hardware, Storage & Peripherals | 7,374 | 0.2 | % | |||||
Textiles, Apparel & Luxury Goods | 11,794 | 0.4 | % | |||||
Thrifts & Mortgage Finance | 34,981 | 1.2 | % | |||||
Tobacco | 2,797 | 0.1 | % | |||||
Trading Companies & Distributors | 28,295 | 1.0 | % | |||||
Water Utilities | 8,592 | 0.3 | % | |||||
Wireless Telecommunication Services | 3,112 | 0.1 | % | |||||
Other ** | 1,037,626 | 35.2 | % | |||||
Total | $ | 2,946,848 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
NM | Not meaningful, amount is less than 0.05%. |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraBull ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (66.7%)
Shares | Value | |||||||
3M Co. (Industrial Conglomerates) | 1,130 | $ | 161,861 | |||||
A.O. Smith Corp. (Building Products) | 258 | 16,324 | ||||||
Abbott Laboratories (Health Care Equipment & Supplies) | 3,481 | 378,873 | ||||||
AbbVie, Inc. (Biotechnology) | 3,512 | 504,008 | ||||||
ABIOMED, Inc.* (Health Care Equipment & Supplies) | 90 | 26,371 | ||||||
Accenture PLC - Class A (IT Services) | 1,259 | 385,581 | ||||||
Activision Blizzard, Inc. (Entertainment) | 1,554 | 124,242 | ||||||
Adobe, Inc.* (Software) | 939 | 385,102 | ||||||
Advance Auto Parts, Inc. (Specialty Retail) | 122 | 23,622 | ||||||
Advanced Micro Devices, Inc.* (Semiconductors & Semiconductor Equipment) | 3,221 | 304,288 | ||||||
Aflac, Inc. (Insurance) | 1,177 | 67,442 | ||||||
Agilent Technologies, Inc. (Life Sciences Tools & Services) | 598 | 80,192 | ||||||
Air Products & Chemicals, Inc. (Chemicals) | 441 | 109,469 | ||||||
Akamai Technologies, Inc.* (IT Services) | 317 | 30,502 | ||||||
Alaska Air Group, Inc.* (Airlines) | 251 | 11,127 | ||||||
Albemarle Corp. (Chemicals) | 233 | 56,924 | ||||||
Alexandria Real Estate Equities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 296 | 49,071 | ||||||
Align Technology, Inc.* (Health Care Equipment & Supplies) | 145 | 40,741 | ||||||
Allegion PLC (Building Products) | 175 | 18,498 | ||||||
Alliant Energy Corp. (Electric Utilities) | 499 | 30,404 | ||||||
Alphabet, Inc.* - Class A (Interactive Media & Services) | 11,962 | 1,391,421 | ||||||
Alphabet, Inc.* - Class C (Interactive Media & Services) | 10,947 | 1,276,858 | ||||||
Altria Group, Inc. (Tobacco) | 3,600 | 157,896 | ||||||
Amazon.com, Inc.* (Internet & Direct Marketing Retail) | 17,384 | 2,345,970 | ||||||
Amcor PLC (Containers & Packaging) | 2,991 | 38,733 | ||||||
Ameren Corp. (Multi-Utilities) | 513 | 47,771 | ||||||
American Airlines Group, Inc.* (Airlines) | 1,294 | 17,741 | ||||||
American Electric Power Co., Inc. (Electric Utilities) | 1,022 | 100,728 | ||||||
American Express Co. (Consumer Finance) | 1,213 | 186,826 | ||||||
American International Group, Inc. (Insurance) | 1,574 | 81,486 | ||||||
American Tower Corp. (Equity Real Estate Investment Trusts (REITs)) | 922 | 249,705 | ||||||
American Water Works Co., Inc. (Water Utilities) | 363 | 56,425 | ||||||
Ameriprise Financial, Inc. (Capital Markets) | 219 | 59,112 | ||||||
AmerisourceBergen Corp. (Health Care Providers & Services) | 299 | 43,633 | ||||||
AMETEK, Inc. (Electrical Equipment) | 458 | 56,563 | ||||||
Amgen, Inc. (Biotechnology) | 1,062 | 262,813 | ||||||
Amphenol Corp. - Class A (Electronic Equipment, Instruments & Components) | 1,187 | 91,554 | ||||||
Analog Devices, Inc. (Semiconductors & Semiconductor Equipment) | 1,041 | 179,010 | ||||||
ANSYS, Inc.* (Software) | 173 | 48,265 | ||||||
Aon PLC (Insurance) | 421 | 122,528 | ||||||
APA Corp. (Oil, Gas & Consumable Fuels) | 674 | 25,053 | ||||||
Apple, Inc. (Technology Hardware, Storage & Peripherals) | 30,546 | 4,964,030 | ||||||
Applied Materials, Inc. (Semiconductors & Semiconductor Equipment) | 1,757 | 186,207 | ||||||
Aptiv PLC* (Auto Components) | 538 | 56,431 | ||||||
Archer-Daniels-Midland Co. (Food Products) | 1,119 | 92,619 | ||||||
Arista Networks, Inc.* (Communications Equipment) | 447 | 52,134 | ||||||
Arthur J. Gallagher & Co. (Insurance) | 417 | 74,639 | ||||||
Assurant, Inc. (Insurance) | 108 | 18,984 | ||||||
AT&T, Inc. (Diversified Telecommunication Services) | 14,238 | 267,390 | ||||||
Atmos Energy Corp. (Gas Utilities) | 275 | 33,382 | ||||||
Autodesk, Inc.* (Software) | 432 | 93,450 | ||||||
Automatic Data Processing, Inc. (IT Services) | 830 | 200,130 | ||||||
AutoZone, Inc.* (Specialty Retail) | 39 | 83,358 | ||||||
AvalonBay Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 277 | 59,261 | ||||||
Avery Dennison Corp. (Containers & Packaging) | 162 | 30,855 | ||||||
Baker Hughes Co. - Class A (Energy Equipment & Services) | 1,861 | 47,809 | ||||||
Ball Corp. (Containers & Packaging) | 637 | 46,768 | ||||||
Bank of America Corp. (Banks) | 14,087 | 476,280 | ||||||
Bath & Body Works, Inc. (Specialty Retail) | 476 | 16,917 | ||||||
Baxter International, Inc. (Health Care Equipment & Supplies) | 1,002 | 58,777 | ||||||
Becton, Dickinson & Co. (Health Care Equipment & Supplies) | 567 | 138,524 | ||||||
Berkshire Hathaway, Inc.* - Class B (Diversified Financial Services) | 3,593 | 1,080,056 | ||||||
Best Buy Co., Inc. (Specialty Retail) | 403 | 31,027 | ||||||
Biogen, Inc.* (Biotechnology) | 291 | 62,582 | ||||||
Bio-Rad Laboratories, Inc.* - Class A (Life Sciences Tools & Services) | 43 | 24,220 | ||||||
Bio-Techne Corp. (Life Sciences Tools & Services) | 77 | 29,667 | ||||||
BlackRock, Inc. - Class A (Capital Markets) | 282 | 188,709 | ||||||
Booking Holdings, Inc.* (Hotels, Restaurants & Leisure) | 81 | 156,791 | ||||||
BorgWarner, Inc. (Auto Components) | 478 | 18,384 | ||||||
Boston Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 282 | 25,707 | ||||||
Boston Scientific Corp.* (Health Care Equipment & Supplies) | 2,844 | 116,746 | ||||||
Bristol-Myers Squibb Co. (Pharmaceuticals) | 4,231 | 312,163 | ||||||
Broadcom, Inc. (Semiconductors & Semiconductor Equipment) | 812 | 434,810 | ||||||
Broadridge Financial Solutions, Inc. (IT Services) | 233 | 37,408 | ||||||
Brown & Brown, Inc. (Insurance) | 466 | 30,337 | ||||||
Brown-Forman Corp. - Class B (Beverages) | 365 | 27,090 | ||||||
C.H. Robinson Worldwide, Inc. (Air Freight & Logistics) | 252 | 27,896 | ||||||
Cadence Design Systems, Inc.* (Software) | 549 | 102,158 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraBull ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Caesars Entertainment, Inc.* (Hotels, Restaurants & Leisure) | 427 | $ | 19,510 | |||||
Camden Property Trust (Equity Real Estate Investment Trusts (REITs)) | 211 | 29,772 | ||||||
Campbell Soup Co. (Food Products) | 402 | 19,839 | ||||||
Capital One Financial Corp. (Consumer Finance) | 782 | 85,887 | ||||||
Cardinal Health, Inc. (Health Care Providers & Services) | 542 | 32,282 | ||||||
CarMax, Inc.* (Specialty Retail) | 318 | 31,654 | ||||||
Carnival Corp.* - Class A (Hotels, Restaurants & Leisure) | 1,973 | 17,875 | ||||||
Carrier Global Corp. (Building Products) | 1,686 | 68,334 | ||||||
Catalent, Inc.* (Pharmaceuticals) | 356 | 40,264 | ||||||
Caterpillar, Inc. (Machinery) | 1,060 | 210,145 | ||||||
Cboe Global Markets, Inc. (Capital Markets) | 211 | 26,033 | ||||||
CBRE Group, Inc.* - Class A (Real Estate Management & Development) | 650 | 55,653 | ||||||
CDW Corp. (Electronic Equipment, Instruments & Components) | 268 | 48,650 | ||||||
Celanese Corp. (Chemicals) | 216 | 25,382 | ||||||
Centene Corp.* (Health Care Providers & Services) | 1,164 | 108,217 | ||||||
CenterPoint Energy, Inc. (Multi-Utilities) | 1,252 | 39,676 | ||||||
Ceridian HCM Holding, Inc.* (Software) | 272 | 14,897 | ||||||
CF Industries Holdings, Inc. (Chemicals) | 413 | 39,437 | ||||||
Charles River Laboratories International, Inc.* (Life Sciences Tools & Services) | 102 | 25,555 | ||||||
Charter Communications, Inc.* - Class A (Media) | 231 | 99,815 | ||||||
Chevron Corp. (Oil, Gas & Consumable Fuels) | 3,903 | 639,233 | ||||||
Chipotle Mexican Grill, Inc.* (Hotels, Restaurants & Leisure) | 55 | 86,032 | ||||||
Chubb, Ltd. (Insurance) | 842 | 158,835 | ||||||
Church & Dwight Co., Inc. (Household Products) | 481 | 42,314 | ||||||
Cigna Corp. (Health Care Providers & Services) | 630 | 173,477 | ||||||
Cincinnati Financial Corp. (Insurance) | 296 | 28,813 | ||||||
Cintas Corp. (Commercial Services & Supplies) | 173 | 73,610 | ||||||
Cisco Systems, Inc. (Communications Equipment) | 8,253 | 374,438 | ||||||
Citigroup, Inc. (Banks) | 3,864 | 200,542 | ||||||
Citizens Financial Group, Inc. (Banks) | 975 | 37,021 | ||||||
Citrix Systems, Inc. (Software) | 248 | 25,150 | ||||||
CME Group, Inc. (Capital Markets) | 714 | 142,429 | ||||||
CMS Energy Corp. (Multi-Utilities) | 577 | 39,657 | ||||||
Cognizant Technology Solutions Corp. - Class A (IT Services) | 1,038 | 70,542 | ||||||
Colgate-Palmolive Co. (Household Products) | 1,667 | 131,260 | ||||||
Comcast Corp. - Class A (Media) | 8,882 | 333,252 | ||||||
Comerica, Inc. (Banks) | 261 | 20,298 | ||||||
Conagra Brands, Inc. (Food Products) | 955 | 32,671 | ||||||
ConocoPhillips (Oil, Gas & Consumable Fuels) | 2,569 | 250,298 | ||||||
Consolidated Edison, Inc. (Multi-Utilities) | 704 | 69,886 | ||||||
Constellation Brands, Inc. - Class A (Beverages) | 322 | 79,312 | ||||||
Constellation Energy Corp. (Electric Utilities) | 650 | 42,965 | ||||||
Copart, Inc.* (Commercial Services & Supplies) | 425 | 54,443 | ||||||
Corning, Inc. (Electronic Equipment, Instruments & Components) | 1,510 | 55,508 | ||||||
Corteva, Inc. (Chemicals) | 1,440 | 82,872 | ||||||
Costco Wholesale Corp. (Food & Staples Retailing) | 881 | 476,884 | ||||||
Coterra Energy, Inc. (Oil, Gas & Consumable Fuels) | 1,603 | 49,036 | ||||||
Crown Castle International Corp. (Equity Real Estate Investment Trusts (REITs)) | 861 | 155,548 | ||||||
CSX Corp. (Road & Rail) | 4,329 | 139,957 | ||||||
Cummins, Inc. (Machinery) | 279 | 61,745 | ||||||
CVS Health Corp. (Health Care Providers & Services) | 2,606 | 249,342 | ||||||
D.R. Horton, Inc. (Household Durables) | 637 | 49,706 | ||||||
Danaher Corp. (Health Care Equipment & Supplies) | 1,289 | 375,705 | ||||||
Darden Restaurants, Inc. (Hotels, Restaurants & Leisure) | 248 | 30,874 | ||||||
DaVita, Inc.* (Health Care Providers & Services) | 121 | 10,183 | ||||||
Deere & Co. (Machinery) | 554 | 190,122 | ||||||
Delta Air Lines, Inc.* (Airlines) | 1,276 | 40,577 | ||||||
DENTSPLY SIRONA, Inc. (Health Care Equipment & Supplies) | 429 | 15,513 | ||||||
Devon Energy Corp. (Oil, Gas & Consumable Fuels) | 1,220 | 76,677 | ||||||
DexCom, Inc.* (Health Care Equipment & Supplies) | 781 | 64,104 | ||||||
Diamondback Energy, Inc. (Oil, Gas & Consumable Fuels) | 333 | 42,631 | ||||||
Digital Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 567 | 75,099 | ||||||
Discover Financial Services (Consumer Finance) | 559 | 56,459 | ||||||
DISH Network Corp.* - Class A (Media) | 502 | 8,720 | ||||||
Dollar General Corp. (Multiline Retail) | 454 | 112,787 | ||||||
Dollar Tree, Inc.* (Multiline Retail) | 447 | 73,916 | ||||||
Dominion Energy, Inc. (Multi-Utilities) | 1,612 | 132,151 | ||||||
Domino's Pizza, Inc. (Hotels, Restaurants & Leisure) | 71 | 27,840 | ||||||
Dover Corp. (Machinery) | 286 | 38,232 | ||||||
Dow, Inc. (Chemicals) | 1,448 | 77,048 | ||||||
DTE Energy Co. (Multi-Utilities) | 385 | 50,166 | ||||||
Duke Energy Corp. (Electric Utilities) | 1,530 | 168,193 | ||||||
Duke Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 766 | 47,921 | ||||||
DuPont de Nemours, Inc. (Chemicals) | 1,011 | 61,904 | ||||||
DXC Technology Co.* (IT Services) | 489 | 15,452 | ||||||
Eastman Chemical Co. (Chemicals) | 255 | 24,462 | ||||||
Eaton Corp. PLC (Electrical Equipment) | 793 | 117,673 | ||||||
eBay, Inc. (Internet & Direct Marketing Retail) | 1,114 | 54,174 | ||||||
Ecolab, Inc. (Chemicals) | 495 | 81,759 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraBull ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Edison International (Electric Utilities) | 758 | $ | 51,370 | |||||
Edwards Lifesciences Corp.* (Health Care Equipment & Supplies) | 1,236 | 124,267 | ||||||
Electronic Arts, Inc. (Entertainment) | 559 | 73,358 | ||||||
Elevance Health, Inc. (Health Care Providers & Services) | 478 | 228,054 | ||||||
Eli Lilly & Co. (Pharmaceuticals) | 1,567 | 516,624 | ||||||
Emerson Electric Co. (Electrical Equipment) | 1,181 | 106,373 | ||||||
Enphase Energy, Inc.* (Semiconductors & Semiconductor Equipment) | 268 | 76,160 | ||||||
Entergy Corp. (Electric Utilities) | 404 | 46,513 | ||||||
EOG Resources, Inc. (Oil, Gas & Consumable Fuels) | 1,164 | 129,460 | ||||||
EPAM Systems, Inc.* (IT Services) | 114 | 39,815 | ||||||
Equifax, Inc. (Professional Services) | 244 | 50,974 | ||||||
Equinix, Inc. (Equity Real Estate Investment Trusts (REITs)) | 181 | 127,377 | ||||||
Equity Residential (Equity Real Estate Investment Trusts (REITs)) | 680 | 53,305 | ||||||
Essex Property Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 131 | 37,535 | ||||||
Etsy, Inc.* (Internet & Direct Marketing Retail) | 252 | 26,137 | ||||||
Everest Re Group, Ltd. (Insurance) | 78 | 20,385 | ||||||
Evergy, Inc. (Electric Utilities) | 456 | 31,127 | ||||||
Eversource Energy (Electric Utilities) | 683 | 60,254 | ||||||
Exelon Corp. (Electric Utilities) | 1,951 | 90,702 | ||||||
Expedia Group, Inc.* (Hotels, Restaurants & Leisure) | 301 | 31,921 | ||||||
Expeditors International of Washington, Inc. (Air Freight & Logistics) | 335 | 35,594 | ||||||
Extra Space Storage, Inc. (Equity Real Estate Investment Trusts (REITs)) | 267 | 50,602 | ||||||
Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 8,374 | 811,692 | ||||||
F5, Inc.* (Communications Equipment) | 121 | 20,251 | ||||||
FactSet Research Systems, Inc. (Capital Markets) | 75 | 32,226 | ||||||
Fastenal Co. (Trading Companies & Distributors) | 1,144 | 58,756 | ||||||
Federal Realty Investment Trust (Equity Real Estate Investment Trusts (REITs)) | 142 | 14,997 | ||||||
FedEx Corp. (Air Freight & Logistics) | 474 | 110,485 | ||||||
Fidelity National Information Services, Inc. (IT Services) | 1,215 | 124,124 | ||||||
Fifth Third Bancorp (Banks) | 1,366 | 46,608 | ||||||
First Horizon Corp. (Banks) | – | † | 6 | |||||
First Republic Bank (Banks) | 356 | 57,925 | ||||||
FirstEnergy Corp. (Electric Utilities) | 1,136 | 46,690 | ||||||
Fiserv, Inc.* (IT Services) | 1,157 | 122,272 | ||||||
FleetCor Technologies, Inc.* (IT Services) | 154 | 33,894 | ||||||
FMC Corp. (Chemicals) | 250 | 27,775 | ||||||
Ford Motor Co. (Automobiles) | 7,858 | 115,434 | ||||||
Fortinet, Inc.* (Software) | 1,324 | 78,977 | ||||||
Fortive Corp. (Machinery) | 713 | 45,953 | ||||||
Fortune Brands Home & Security, Inc. (Building Products) | 261 | 18,186 | ||||||
Fox Corp. - Class A (Media) | 622 | 20,594 | ||||||
Fox Corp. - Class B (Media) | 289 | 8,930 | ||||||
Franklin Resources, Inc. (Capital Markets) | 558 | 15,317 | ||||||
Freeport-McMoRan, Inc. (Metals & Mining) | 2,886 | 91,053 | ||||||
Garmin, Ltd. (Household Durables) | 302 | 29,481 | ||||||
Gartner, Inc.* (IT Services) | 160 | 42,477 | ||||||
Generac Holdings, Inc.* (Electrical Equipment) | 128 | 34,342 | ||||||
General Dynamics Corp. (Aerospace & Defense) | 458 | 103,815 | ||||||
General Electric Co. (Industrial Conglomerates) | 2,186 | 161,567 | ||||||
General Mills, Inc. (Food Products) | 1,196 | 89,449 | ||||||
General Motors Co.* (Automobiles) | 2,902 | 105,227 | ||||||
Genuine Parts Co. (Distributors) | 280 | 42,804 | ||||||
Gilead Sciences, Inc. (Biotechnology) | 2,492 | 148,897 | ||||||
Global Payments, Inc. (IT Services) | 560 | 68,499 | ||||||
Globe Life, Inc. (Insurance) | 180 | 18,131 | ||||||
Halliburton Co. (Energy Equipment & Services) | 1,795 | 52,594 | ||||||
Hartford Financial Services Group, Inc. (Insurance) | 654 | 42,163 | ||||||
Hasbro, Inc. (Leisure Products) | 261 | 20,546 | ||||||
HCA Healthcare, Inc. (Health Care Providers & Services) | 451 | 95,801 | ||||||
Healthpeak Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,077 | 29,758 | ||||||
Henry Schein, Inc.* (Health Care Providers & Services) | 273 | 21,521 | ||||||
Hess Corp. (Oil, Gas & Consumable Fuels) | 550 | 61,859 | ||||||
Hewlett Packard Enterprises Co. (Technology Hardware, Storage & Peripherals) | 2,587 | 36,839 | ||||||
Hilton Worldwide Holdings, Inc. (Hotels, Restaurants & Leisure) | 553 | 70,823 | ||||||
Hologic, Inc.* (Health Care Equipment & Supplies) | 496 | 35,404 | ||||||
Honeywell International, Inc. (Industrial Conglomerates) | 1,354 | 260,591 | ||||||
Hormel Foods Corp. (Food Products) | 564 | 27,828 | ||||||
Host Hotels & Resorts, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,423 | 25,344 | ||||||
Howmet Aerospace, Inc. (Aerospace & Defense) | 752 | 27,922 | ||||||
HP, Inc. (Technology Hardware, Storage & Peripherals) | 2,094 | 69,919 | ||||||
Humana, Inc. (Health Care Providers & Services) | 251 | 120,982 | ||||||
Huntington Bancshares, Inc. (Banks) | 2,864 | 38,063 | ||||||
Huntington Ingalls Industries, Inc. (Aerospace & Defense) | 80 | 17,347 | ||||||
IDEX Corp. (Machinery) | 151 | 31,521 | ||||||
IDEXX Laboratories, Inc.* (Health Care Equipment & Supplies) | 167 | 66,663 | ||||||
Illinois Tool Works, Inc. (Machinery) | 564 | 117,177 | ||||||
Illumina, Inc.* (Life Sciences Tools & Services) | 311 | 67,387 | ||||||
Incyte Corp.* (Biotechnology) | 375 | 29,130 | ||||||
Ingersoll Rand, Inc. (Machinery) | 807 | 40,189 | ||||||
Intel Corp. (Semiconductors & Semiconductor Equipment) | 8,137 | 295,454 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraBull ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Intercontinental Exchange, Inc. (Capital Markets) | 1,109 | $ | 113,107 | |||||
International Business Machines Corp. (IT Services) | 1,788 | 233,853 | ||||||
International Flavors & Fragrances, Inc. (Chemicals) | 506 | 62,769 | ||||||
International Paper Co. (Containers & Packaging) | 738 | 31,564 | ||||||
Intuit, Inc. (Software) | 562 | 256,368 | ||||||
Intuitive Surgical, Inc.* (Health Care Equipment & Supplies) | 713 | 164,111 | ||||||
Invesco, Ltd. (Capital Markets) | 671 | 11,904 | ||||||
IQVIA Holdings, Inc.* (Life Sciences Tools & Services) | 377 | 90,582 | ||||||
Iron Mountain, Inc. (Equity Real Estate Investment Trusts (REITs)) | 578 | 28,027 | ||||||
J.B. Hunt Transport Services, Inc. (Road & Rail) | 167 | 30,606 | ||||||
Jack Henry & Associates, Inc. (IT Services) | 144 | 29,919 | ||||||
Jacobs Engineering Group, Inc. (Professional Services) | 255 | 35,012 | ||||||
Johnson & Johnson (Pharmaceuticals) | 5,232 | 913,088 | ||||||
Johnson Controls International PLC (Building Products) | 1,382 | 74,503 | ||||||
JPMorgan Chase & Co. (Banks) | 5,838 | 673,471 | ||||||
Juniper Networks, Inc. (Communications Equipment) | 645 | 18,079 | ||||||
Kellogg Co. (Food Products) | 503 | 37,182 | ||||||
Keurig Dr Pepper, Inc. (Beverages) | 1,467 | 56,832 | ||||||
KeyCorp (Banks) | 1,857 | 33,983 | ||||||
Keysight Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 363 | 59,024 | ||||||
Kimberly-Clark Corp. (Household Products) | 670 | 88,299 | ||||||
Kimco Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 1,230 | 27,195 | ||||||
Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 3,877 | 69,747 | ||||||
KLA Corp. (Semiconductors & Semiconductor Equipment) | 297 | 113,911 | ||||||
L3Harris Technologies, Inc. (Aerospace & Defense) | 384 | 92,148 | ||||||
Laboratory Corp. of America Holdings (Health Care Providers & Services) | 184 | 48,243 | ||||||
Lam Research Corp. (Semiconductors & Semiconductor Equipment) | 275 | 137,640 | ||||||
Lamb Weston Holding, Inc. (Food Products) | 286 | 22,783 | ||||||
Las Vegas Sands Corp.* (Hotels, Restaurants & Leisure) | 685 | 25,818 | ||||||
Leidos Holdings, Inc. (Professional Services) | 271 | 28,997 | ||||||
Lennar Corp. - Class A (Household Durables) | 514 | 43,690 | ||||||
Lincoln National Corp. (Insurance) | 322 | 16,531 | ||||||
Linde PLC (Chemicals) | 1,000 | 302,001 | ||||||
Live Nation Entertainment, Inc.* (Entertainment) | 272 | 25,565 | ||||||
LKQ Corp. (Distributors) | 518 | 28,407 | ||||||
Lockheed Martin Corp. (Aerospace & Defense) | 471 | 194,905 | ||||||
Loews Corp. (Insurance) | 388 | 22,601 | ||||||
Lowe's Cos., Inc. (Specialty Retail) | �� | 1,312 | 251,287 | |||||
Lumen Technologies, Inc. (Diversified Telecommunication Services) | 1,851 | 20,157 | ||||||
LyondellBasell Industries N.V. - Class A (Chemicals) | 514 | 45,808 | ||||||
M&T Bank Corp. (Banks) | 357 | 63,350 | ||||||
Marathon Oil Corp. (Oil, Gas & Consumable Fuels) | 1,408 | 34,918 | ||||||
Marathon Petroleum Corp. (Oil, Gas & Consumable Fuels) | 1,076 | 98,626 | ||||||
MarketAxess Holdings, Inc. (Capital Markets) | 74 | 20,038 | ||||||
Marriott International, Inc. - Class A (Hotels, Restaurants & Leisure) | 547 | 86,797 | ||||||
Marsh & McLennan Cos., Inc. (Insurance) | 999 | 163,795 | ||||||
Martin Marietta Materials, Inc. (Construction Materials) | 125 | 44,010 | ||||||
Masco Corp. (Building Products) | 469 | 25,973 | ||||||
Mastercard, Inc. - Class A (IT Services) | 1,706 | 603,566 | ||||||
Match Group, Inc.* (Interactive Media & Services) | 568 | 41,640 | ||||||
McCormick & Co., Inc. (Food Products) | 498 | 43,500 | ||||||
McDonald's Corp. (Hotels, Restaurants & Leisure) | 1,468 | 386,626 | ||||||
McKesson Corp. (Health Care Providers & Services) | 288 | 98,375 | ||||||
Medtronic PLC (Health Care Equipment & Supplies) | 2,664 | 246,473 | ||||||
Merck & Co., Inc. (Pharmaceuticals) | 5,026 | 449,023 | ||||||
Meta Platforms, Inc.* - Class A (Interactive Media & Services) | 4,564 | 726,132 | ||||||
MetLife, Inc. (Insurance) | 1,376 | 87,032 | ||||||
Mettler-Toledo International, Inc.* (Life Sciences Tools & Services) | 44 | 59,388 | ||||||
MGM Resorts International (Hotels, Restaurants & Leisure) | 703 | 23,009 | ||||||
Microchip Technology, Inc. (Semiconductors & Semiconductor Equipment) | 1,106 | 76,159 | ||||||
Micron Technology, Inc. (Semiconductors & Semiconductor Equipment) | 2,219 | 137,267 | ||||||
Microsoft Corp. (Software) | 14,873 | 4,175,445 | ||||||
Mid-America Apartment Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) | 230 | 42,718 | ||||||
Moderna, Inc.* (Biotechnology) | 688 | 112,894 | ||||||
Mohawk Industries, Inc.* (Household Durables) | 103 | 13,233 | ||||||
Molina Healthcare, Inc.* (Health Care Providers & Services) | 117 | 38,343 | ||||||
Molson Coors Beverage Co. - Class B (Beverages) | 375 | 22,406 | ||||||
Mondelez International, Inc. - Class A (Food Products) | 2,750 | 176,109 | ||||||
Monolithic Power Systems, Inc. (Semiconductors & Semiconductor Equipment) | 87 | 40,431 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraBull ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Monster Beverage Corp.* (Beverages) | 748 | $ | 74,516 | |||||
Moody's Corp. (Capital Markets) | 318 | 98,660 | ||||||
Morgan Stanley (Capital Markets) | 2,781 | 234,438 | ||||||
Motorola Solutions, Inc. (Communications Equipment) | 334 | 79,689 | ||||||
MSCI, Inc. - Class A (Capital Markets) | 161 | 77,496 | ||||||
Nasdaq, Inc. (Capital Markets) | 230 | 41,607 | ||||||
NetApp, Inc. (Technology Hardware, Storage & Peripherals) | 442 | 31,528 | ||||||
Netflix, Inc.* (Entertainment) | 882 | 198,362 | ||||||
Newell Brands, Inc. (Household Durables) | 735 | 14,854 | ||||||
Newmont Corp. (Metals & Mining) | 1,578 | 71,452 | ||||||
News Corp. - Class A (Media) | 777 | 13,318 | ||||||
News Corp. - Class B (Media) | 242 | 4,182 | ||||||
NextEra Energy, Inc. (Electric Utilities) | 3,904 | 329,848 | ||||||
Nielsen Holdings PLC (Professional Services) | 716 | 17,148 | ||||||
NIKE, Inc. - Class B (Textiles, Apparel & Luxury Goods) | 2,521 | 289,714 | ||||||
NiSource, Inc. (Multi-Utilities) | 809 | 24,594 | ||||||
Nordson Corp. (Machinery) | 107 | 24,716 | ||||||
Norfolk Southern Corp. (Road & Rail) | 474 | 119,055 | ||||||
Northern Trust Corp. (Capital Markets) | 413 | 41,209 | ||||||
Northrop Grumman Corp. (Aerospace & Defense) | 289 | 138,402 | ||||||
NortonLifelock, Inc. (Software) | 1,157 | 28,381 | ||||||
Norwegian Cruise Line Holdings, Ltd.* (Hotels, Restaurants & Leisure) | 835 | 10,145 | ||||||
NRG Energy, Inc. (Electric Utilities) | 473 | 17,856 | ||||||
Nucor Corp. (Metals & Mining) | 527 | 71,567 | ||||||
NVIDIA Corp. (Semiconductors & Semiconductor Equipment) | 4,979 | 904,337 | ||||||
NVR, Inc.* (Household Durables) | 6 | 26,359 | ||||||
NXP Semiconductors N.V. (Semiconductors & Semiconductor Equipment) | 521 | 95,801 | ||||||
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 1,771 | 116,443 | ||||||
Old Dominion Freight Line, Inc. (Road & Rail) | 182 | 55,239 | ||||||
Omnicom Group, Inc. (Media) | 409 | 28,565 | ||||||
ON Semiconductor Corp.* (Semiconductors & Semiconductor Equipment) | 864 | 57,698 | ||||||
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 889 | 53,109 | ||||||
Oracle Corp. (Software) | 3,128 | 243,484 | ||||||
O'Reilly Automotive, Inc.* (Specialty Retail) | 131 | 92,170 | ||||||
Organon & Co. (Pharmaceuticals) | 506 | 16,050 | ||||||
Otis Worldwide Corp. (Machinery) | 840 | 65,663 | ||||||
PACCAR, Inc. (Machinery) | 691 | 63,240 | ||||||
Packaging Corp. of America (Containers & Packaging) | 185 | 26,013 | ||||||
Paramount Global - Class B (Media) | 1,210 | 28,617 | ||||||
Parker-Hannifin Corp. (Machinery) | 254 | 73,429 | ||||||
Paychex, Inc. (IT Services) | 639 | 81,971 | ||||||
Paycom Software, Inc.* (Software) | 95 | 31,397 | ||||||
PayPal Holdings, Inc.* (IT Services) | 2,303 | 199,279 | ||||||
Penn National Gaming, Inc.* (Hotels, Restaurants & Leisure) | 325 | 11,229 | ||||||
Pentair PLC (Machinery) | 330 | 16,134 | ||||||
PepsiCo, Inc. (Beverages) | 2,751 | 481,315 | ||||||
PerkinElmer, Inc. (Life Sciences Tools & Services) | 251 | 38,446 | ||||||
Pfizer, Inc. (Pharmaceuticals) | 11,147 | 563,035 | ||||||
Philip Morris International, Inc. (Tobacco) | 3,082 | 299,416 | ||||||
Phillips 66 (Oil, Gas & Consumable Fuels) | 955 | 84,995 | ||||||
Pinnacle West Capital Corp. (Electric Utilities) | 225 | 16,531 | ||||||
Pioneer Natural Resources Co. (Oil, Gas & Consumable Fuels) | 447 | 105,917 | ||||||
Pool Corp. (Distributors) | 80 | 28,616 | ||||||
PPG Industries, Inc. (Chemicals) | 470 | 60,766 | ||||||
PPL Corp. (Electric Utilities) | 1,465 | 42,602 | ||||||
Principal Financial Group, Inc. (Insurance) | 468 | 31,328 | ||||||
Prologis, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,469 | 194,731 | ||||||
Prudential Financial, Inc. (Insurance) | 745 | 74,493 | ||||||
PTC, Inc.* (Software) | 209 | 25,786 | ||||||
Public Service Enterprise Group, Inc. (Multi-Utilities) | 992 | 65,145 | ||||||
Public Storage (Equity Real Estate Investment Trusts (REITs)) | 303 | 98,902 | ||||||
PulteGroup, Inc. (Household Durables) | 472 | 20,589 | ||||||
PVH Corp. (Textiles, Apparel & Luxury Goods) | 135 | 8,359 | ||||||
Qorvo, Inc.* (Semiconductors & Semiconductor Equipment) | 216 | 22,479 | ||||||
Qualcomm, Inc. (Semiconductors & Semiconductor Equipment) | 2,225 | 322,759 | ||||||
Quanta Services, Inc. (Construction & Engineering) | 285 | 39,538 | ||||||
Quest Diagnostics, Inc. (Health Care Providers & Services) | 234 | 31,957 | ||||||
Ralph Lauren Corp. (Textiles, Apparel & Luxury Goods) | 92 | 9,074 | ||||||
Raymond James Financial, Inc. (Capital Markets) | 387 | 38,108 | ||||||
Raytheon Technologies Corp. (Aerospace & Defense) | 2,956 | 275,529 | ||||||
Realty Income Corp. (Equity Real Estate Investment Trusts (REITs)) | 1,195 | 88,418 | ||||||
Regency Centers Corp. (Equity Real Estate Investment Trusts (REITs)) | 308 | 19,844 | ||||||
Regeneron Pharmaceuticals, Inc.* (Biotechnology) | 215 | 125,063 | ||||||
Regions Financial Corp. (Banks) | 1,861 | 39,416 | ||||||
Republic Services, Inc. (Commercial Services & Supplies) | 413 | 57,267 | ||||||
ResMed, Inc. (Health Care Equipment & Supplies) | 289 | 69,510 | ||||||
Robert Half International, Inc. (Professional Services) | 220 | 17,411 | ||||||
Rockwell Automation, Inc. (Electrical Equipment) | 231 | 58,970 | ||||||
Rollins, Inc. (Commercial Services & Supplies) | 451 | 17,395 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraBull ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Roper Technologies, Inc. (Industrial Conglomerates) | 210 | $ | 91,701 | |||||
Ross Stores, Inc. (Specialty Retail) | 698 | 56,719 | ||||||
Royal Caribbean Cruises, Ltd.* (Hotels, Restaurants & Leisure) | 447 | 17,303 | ||||||
S&P Global, Inc. (Capital Markets) | 691 | 260,458 | ||||||
Salesforce, Inc.* (Software) | 1,976 | 363,623 | ||||||
SBA Communications Corp. (Equity Real Estate Investment Trusts (REITs)) | 215 | 72,195 | ||||||
Schlumberger, Ltd. (Energy Equipment & Services) | 2,809 | 104,017 | ||||||
Seagate Technology Holdings PLC (Technology Hardware, Storage & Peripherals) | 393 | 31,432 | ||||||
Sealed Air Corp. (Containers & Packaging) | 290 | 17,725 | ||||||
Sempra Energy (Multi-Utilities) | 626 | 103,790 | ||||||
ServiceNow, Inc.* (Software) | 399 | 178,217 | ||||||
Signature Bank (Banks) | 126 | 23,382 | ||||||
Simon Property Group, Inc. (Equity Real Estate Investment Trusts (REITs)) | 652 | 70,833 | ||||||
Skyworks Solutions, Inc. (Semiconductors & Semiconductor Equipment) | 319 | 34,733 | ||||||
Snap-on, Inc. (Machinery) | 106 | 23,749 | ||||||
SolarEdge Technologies, Inc.* (Semiconductors & Semiconductor Equipment) | 111 | 39,974 | ||||||
Southwest Airlines Co.* (Airlines) | 1,179 | 44,942 | ||||||
Stanley Black & Decker, Inc. (Machinery) | 300 | 29,199 | ||||||
Starbucks Corp. (Hotels, Restaurants & Leisure) | 2,278 | 193,129 | ||||||
State Street Corp. (Capital Markets) | 730 | 51,859 | ||||||
STERIS PLC (Health Care Equipment & Supplies) | 200 | 45,130 | ||||||
Stryker Corp. (Health Care Equipment & Supplies) | 669 | 143,668 | ||||||
SVB Financial Group* (Banks) | 117 | 47,215 | ||||||
Synchrony Financial (Consumer Finance) | 997 | 33,380 | ||||||
Synopsys, Inc.* (Software) | 303 | 111,353 | ||||||
Sysco Corp. (Food & Staples Retailing) | 1,015 | 86,174 | ||||||
T. Rowe Price Group, Inc. (Capital Markets) | 451 | 55,685 | ||||||
Take-Two Interactive Software, Inc.* (Entertainment) | 313 | 41,544 | ||||||
Tapestry, Inc. (Textiles, Apparel & Luxury Goods) | 503 | 16,916 | ||||||
Target Corp. (Multiline Retail) | 920 | 150,310 | ||||||
TE Connectivity, Ltd. (Electronic Equipment, Instruments & Components) | 640 | 85,587 | ||||||
Teledyne Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 93 | 36,400 | ||||||
Teleflex, Inc. (Health Care Equipment & Supplies) | 93 | 22,363 | ||||||
Teradyne, Inc. (Semiconductors & Semiconductor Equipment) | 317 | 31,982 | ||||||
Tesla, Inc.* (Automobiles) | 1,669 | 1,487,829 | ||||||
Texas Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 1,831 | 327,548 | ||||||
Textron, Inc. (Aerospace & Defense) | 429 | 28,160 | ||||||
The AES Corp. (Independent Power and Renewable Electricity Producers) | 1,329 | 29,530 | ||||||
The Allstate Corp. (Insurance) | 546 | 63,866 | ||||||
The Bank of New York Mellon Corp. (Capital Markets) | 1,479 | 64,277 | ||||||
The Boeing Co.* (Aerospace & Defense) | 1,104 | 175,878 | ||||||
The Charles Schwab Corp. (Capital Markets) | 2,996 | 206,874 | ||||||
The Clorox Co. (Household Products) | 245 | 34,751 | ||||||
The Coca-Cola Co. (Beverages) | 7,760 | 497,960 | ||||||
The Cooper Cos., Inc. (Health Care Equipment & Supplies) | 97 | 31,719 | ||||||
The Estee Lauder Co., Inc. (Personal Products) | 463 | 126,445 | ||||||
The Goldman Sachs Group, Inc. (Capital Markets) | 681 | 227,039 | ||||||
The Hershey Co. (Food Products) | 289 | 65,880 | ||||||
The Home Depot, Inc. (Specialty Retail) | 2,052 | 617,528 | ||||||
The Interpublic Group of Cos., Inc. (Media) | 784 | 23,418 | ||||||
The JM Smucker Co. - Class A (Food Products) | 216 | 28,581 | ||||||
The Kraft Heinz Co. (Food Products) | 1,414 | 52,078 | ||||||
The Kroger Co. (Food & Staples Retailing) | 1,304 | 60,558 | ||||||
The Mosaic Co. (Chemicals) | 721 | 37,968 | ||||||
The PNC Financial Services Group, Inc. (Banks) | 821 | 136,237 | ||||||
The Procter & Gamble Co. (Household Products) | 4,767 | 662,183 | ||||||
The Progressive Corp. (Insurance) | 1,163 | 133,815 | ||||||
The Sherwin-Williams Co. (Chemicals) | 476 | 115,164 | ||||||
The Southern Co. (Electric Utilities) | 2,111 | 162,315 | ||||||
The TJX Cos., Inc. (Specialty Retail) | 2,335 | 142,809 | ||||||
The Travelers Cos., Inc. (Insurance) | 477 | 75,700 | ||||||
The Walt Disney Co.* (Entertainment) | 3,622 | 384,295 | ||||||
The Williams Cos., Inc. (Oil, Gas & Consumable Fuels) | 2,425 | 82,668 | ||||||
Thermo Fisher Scientific, Inc. (Life Sciences Tools & Services) | 779 | 466,161 | ||||||
T-Mobile U.S., Inc.* (Wireless Telecommunication Services) | 1,171 | 167,523 | ||||||
Tractor Supply Co. (Specialty Retail) | 223 | 42,700 | ||||||
Trane Technologies PLC (Building Products) | 466 | 68,497 | ||||||
TransDigm Group, Inc.* (Aerospace & Defense) | 104 | 64,723 | ||||||
Trimble, Inc.* (Electronic Equipment, Instruments & Components) | 498 | 34,576 | ||||||
Truist Financial Corp. (Banks) | 2,644 | 133,443 | ||||||
Twitter, Inc.* (Interactive Media & Services) | 1,517 | 63,122 | ||||||
Tyler Technologies, Inc.* (Software) | 82 | 32,718 | ||||||
Tyson Foods, Inc. - Class A (Food Products) | 580 | 51,046 | ||||||
U.S. Bancorp (Banks) | 2,687 | 126,826 | ||||||
UDR, Inc. (Equity Real Estate Investment Trusts (REITs)) | 595 | 28,798 | ||||||
Ulta Beauty, Inc.* (Specialty Retail) | 104 | 40,447 | ||||||
Union Pacific Corp. (Road & Rail) | 1,248 | 283,669 | ||||||
United Airlines Holdings , Inc.* (Airlines) | 650 | 23,888 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraBull ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
United Parcel Service, Inc. - Class B (Air Freight & Logistics) | 1,461 | $ | 284,734 | |||||
United Rentals, Inc.* (Trading Companies & Distributors) | 142 | 45,819 | ||||||
UnitedHealth Group, Inc. (Health Care Providers & Services) | 1,866 | 1,012,007 | ||||||
Universal Health Services, Inc. - Class B (Health Care Providers & Services) | 134 | 15,071 | ||||||
Valero Energy Corp. (Oil, Gas & Consumable Fuels) | 811 | 89,834 | ||||||
Ventas, Inc. (Equity Real Estate Investment Trusts (REITs)) | 795 | 42,755 | ||||||
VeriSign, Inc.* (IT Services) | 190 | 35,940 | ||||||
Verisk Analytics, Inc. (Professional Services) | 313 | 59,548 | ||||||
Verizon Communications, Inc. (Diversified Telecommunication Services) | 8,343 | 385,363 | ||||||
Vertex Pharmaceuticals, Inc.* (Biotechnology) | 508 | 142,448 | ||||||
VF Corp. (Textiles, Apparel & Luxury Goods) | 643 | 28,729 | ||||||
Viatris, Inc. (Pharmaceuticals) | 2,416 | 23,411 | ||||||
VICI Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,917 | 65,542 | ||||||
Visa, Inc. - Class A (IT Services) | 3,269 | 693,387 | ||||||
Vornado Realty Trust (Equity Real Estate Investment Trusts (REITs)) | 317 | 9,634 | ||||||
Vulcan Materials Co. (Construction Materials) | 264 | 43,647 | ||||||
W.R. Berkley Corp. (Insurance) | 415 | 25,950 | ||||||
W.W. Grainger, Inc. (Trading Companies & Distributors) | 86 | 46,744 | ||||||
Walgreens Boots Alliance, Inc. (Food & Staples Retailing) | 1,427 | 56,538 | ||||||
Walmart, Inc. (Food & Staples Retailing) | 2,791 | 368,552 | ||||||
Warner Bros Discovery, Inc.* (Entertainment) | 4,397 | 65,955 | ||||||
Waste Management, Inc. (Commercial Services & Supplies) | 760 | 125,065 | ||||||
Waters Corp.* (Life Sciences Tools & Services) | 121 | 44,048 | ||||||
WEC Energy Group, Inc. (Multi-Utilities) | 627 | 65,089 | ||||||
Wells Fargo & Co. (Banks) | 7,541 | 330,823 | ||||||
Welltower, Inc. (Equity Real Estate Investment Trusts (REITs)) | 902 | 77,879 | ||||||
West Pharmaceutical Services, Inc. (Health Care Equipment & Supplies) | 147 | 50,503 | ||||||
Western Digital Corp.* (Technology Hardware, Storage & Peripherals) | 625 | 30,688 | ||||||
Westinghouse Air Brake Technologies Corp. (Machinery) | 364 | 34,023 | ||||||
WestRock Co. (Containers & Packaging) | 510 | 21,604 | ||||||
Weyerhaeuser Co. (Equity Real Estate Investment Trusts (REITs)) | 1,480 | 53,754 | ||||||
Whirlpool Corp. (Household Durables) | 112 | 19,361 | ||||||
Willis Towers Watson PLC (Insurance) | 221 | 45,734 | ||||||
Wynn Resorts, Ltd.* (Hotels, Restaurants & Leisure) | 210 | 13,331 | ||||||
Xcel Energy, Inc. (Electric Utilities) | 1,083 | 79,254 | ||||||
Xylem, Inc. (Machinery) | 359 | 33,039 | ||||||
Yum! Brands, Inc. (Hotels, Restaurants & Leisure) | 568 | 69,603 | ||||||
Zebra Technologies Corp.* (Electronic Equipment, Instruments & Components) | 105 | 37,557 | ||||||
Zimmer Biomet Holdings, Inc. (Health Care Equipment & Supplies) | 415 | 45,812 | ||||||
Zions Bancorp (Banks) | 301 | 16,420 | ||||||
Zoetis, Inc. (Pharmaceuticals) | 936 | 170,867 | ||||||
TOTAL COMMON STOCKS (Cost $23,638,423) | 69,185,916 | |||||||
Repurchase Agreements(a)(b) (29.4%) | ||||||||
Principal | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%-2.20%, dated 7/29/22, due 8/1/22, total to be received $30,483,534 | $ | 30,478,000 | $ | 30,478,000 | ||||
TOTAL REPURCHASE AGREEMENTS | ||||||||
(Cost $30,478,000) | 30,478,000 | |||||||
TOTAL INVESTMENT SECURITIES | ||||||||
(Cost $54,116,423) - 96.1% | 99,663,916 | |||||||
Net other assets (liabilities) - 3.9% | 4,085,823 | |||||||
NET ASSETS - 100.0% | $ | 103,749,739 |
† | Number of shares is less than 0.50. |
* | Non-income producing security. |
(a) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(b) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $17,498,000. |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraBull ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Futures Contracts Purchased
Number | Expiration Date | Notional Amount | Value and | ||||||||
E-Mini S&P 500 Futures Contracts | 4 | 9/19/22 | $ | 826,700 | $ | (5,467 | ) |
Total Return Swap Agreements — Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||
S&P 500 | Goldman Sachs International | 8/29/22 | 2.93 | % | $ | 45,842,089 | $ | 1,090,590 | |||||
SPDR S&P 500 ETF | Goldman Sachs International | 8/29/22 | 2.84 | % | 23,446,303 | 620,062 | |||||||
$ | 69,288,392 | $ | 1,710,652 | ||||||||||
S&P 500 | UBS AG | 8/29/22 | 2.83 | % | $ | 56,312,787 | $ | 1,447,710 | |||||
SPDR S&P 500 ETF | UBS AG | 8/29/22 | 2.43 | % | 11,621,541 | 307,598 | |||||||
$ | 67,934,328 | $ | 1,755,308 | ||||||||||
$ | 137,222,720 | $ | 3,465,960 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraBull ProFund :: Schedule of Portfolio Investments :: July 31, 2022
UltraBull ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Aerospace & Defense | $ | 1,118,829 | 1.1 | % | ||||
Air Freight & Logistics | 458,709 | 0.4 | % | |||||
Airlines | 138,275 | 0.1 | % | |||||
Auto Components | 74,815 | 0.1 | % | |||||
Automobiles | 1,708,491 | 1.6 | % | |||||
Banks | 2,501,310 | 2.4 | % | |||||
Beverages | 1,239,430 | 1.2 | % | |||||
Biotechnology | 1,387,835 | 1.3 | % | |||||
Building Products | 290,315 | 0.3 | % | |||||
Capital Markets | 2,006,584 | 1.9 | % | |||||
Chemicals | 1,211,508 | 1.2 | % | |||||
Commercial Services & Supplies | 327,779 | 0.3 | % | |||||
Communications Equipment | 544,591 | 0.5 | % | |||||
Construction & Engineering | 39,538 | NM | ||||||
Construction Materials | 87,657 | 0.1 | % | |||||
Consumer Finance | 362,552 | 0.4 | % | |||||
Containers & Packaging | 213,262 | 0.2 | % | |||||
Distributors | 99,827 | 0.1 | % | |||||
Diversified Financial Services | 1,080,056 | 1.0 | % | |||||
Diversified Telecommunication Services | 672,910 | 0.7 | % | |||||
Electric Utilities | 1,317,351 | 1.3 | % | |||||
Electrical Equipment | 373,921 | 0.4 | % | |||||
Electronic Equipment, Instruments & Components | 448,856 | 0.4 | % | |||||
Energy Equipment & Services | 204,420 | 0.2 | % | |||||
Entertainment | 913,321 | 0.9 | % | |||||
Equity Real Estate Investment Trusts (REITs) | 1,952,227 | 1.9 | % | |||||
Food & Staples Retailing | 1,048,706 | 1.0 | % | |||||
Food Products | 739,565 | 0.7 | % | |||||
Gas Utilities | 33,382 | NM | ||||||
Health Care Equipment & Supplies | 2,260,977 | 2.2 | % | |||||
Health Care Providers & Services | 2,327,488 | 2.2 | % | |||||
Hotels, Restaurants & Leisure | 1,278,655 | 1.2 | % | |||||
Household Durables | 217,273 | 0.2 | % | |||||
Household Products | 958,807 | 0.9 | % | |||||
Independent Power and Renewable Electricity Producers | 29,530 | NM | ||||||
Industrial Conglomerates | 675,720 | 0.7 | % | |||||
Insurance | 1,404,588 | 1.4 | % | |||||
Interactive Media & Services | 3,499,173 | 3.4 | % | |||||
Internet & Direct Marketing Retail | 2,426,282 | 2.3 | % | |||||
IT Services | 3,048,611 | 2.9 | % | |||||
Leisure Products | 20,546 | NM | ||||||
Life Sciences Tools & Services | 925,646 | 0.9 | % | |||||
Machinery | 1,098,276 | 1.1 | % | |||||
Media | 569,411 | 0.6 | % | |||||
Metals & Mining | 234,072 | 0.2 | % | |||||
Multiline Retail | 337,013 | 0.3 | % | |||||
Multi-Utilities | 637,925 | 0.6 | % | |||||
Oil, Gas & Consumable Fuels | 2,822,196 | 2.7 | % | |||||
Personal Products | 126,445 | 0.1 | % | |||||
Pharmaceuticals | 3,004,526 | 2.9 | % | |||||
Professional Services | 209,090 | 0.2 | % | |||||
Real Estate Management & Development | 55,653 | 0.1 | % | |||||
Road & Rail | 628,526 | 0.6 | % | |||||
Semiconductors & Semiconductor Equipment | 3,818,648 | 3.7 | % | |||||
Software | 6,194,772 | 6.1 | % | |||||
Specialty Retail | 1,430,239 | 1.4 | % | |||||
Technology Hardware, Storage & Peripherals | 5,164,435 | 5.0 | % | |||||
Textiles, Apparel & Luxury Goods | 352,792 | 0.3 | % | |||||
Tobacco | 457,312 | 0.4 | % | |||||
Trading Companies & Distributors | 151,319 | 0.1 | % | |||||
Water Utilities | 56,425 | 0.1 | % | |||||
Wireless Telecommunication Services | 167,523 | 0.2 | % | |||||
Other ** | 34,563,823 | 33.3 | % | |||||
Total | $ | 103,749,739 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
NM | Not meaningful, amount is less than 0.05%. |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks (66.9%)
Shares | Value | |||||||
1-800-Flowers.com, Inc.* - Class A (Internet & Direct Marketing Retail) | 383 | $ | 3,819 | |||||
1Life Healthcare, Inc.* (Health Care Providers & Services) | 2,570 | 43,536 | ||||||
1st Source Corp. (Banks) | 230 | 11,091 | ||||||
1stdibs.com, Inc.* (Internet & Direct Marketing Retail) | 332 | 2,151 | ||||||
22nd Century Group, Inc.* (Tobacco) | 2,303 | 3,869 | ||||||
23andMe Holding Co.* - Class A (Life Sciences Tools & Services) | 2,446 | 6,800 | ||||||
2seventy bio, Inc.* (Biotechnology) | 532 | 7,655 | ||||||
2U, Inc.* (Diversified Consumer Services) | 1,063 | 10,407 | ||||||
3D Systems Corp.* (Technology Hardware, Storage & Peripherals) | 1,804 | 20,638 | ||||||
4D Molecular Therapeutics, Inc.* (Biotechnology) | 429 | 4,033 | ||||||
5E Advanced Materials, Inc.* (Metals & Mining) | 460 | 7,489 | ||||||
8x8, Inc.* (Software) | 1,566 | 7,658 | ||||||
908 Devices, Inc.* (Electronic Equipment, Instruments & Components) | 311 | 6,998 | ||||||
A10 Networks, Inc. (Software) | 938 | 13,986 | ||||||
Aadi Bioscience, Inc.* (Pharmaceuticals) | 206 | 2,548 | ||||||
AAON, Inc. (Building Products) | 625 | 37,606 | ||||||
AAR Corp.* (Aerospace & Defense) | 481 | 21,419 | ||||||
Aaron's Co., Inc. (The) (Specialty Retail) | 431 | 5,612 | ||||||
AbCellera Biologics, Inc.* (Life Sciences Tools & Services) | 2,948 | 29,598 | ||||||
Abercrombie & Fitch Co.* (Specialty Retail) | 706 | 12,574 | ||||||
ABM Industries, Inc. (Commercial Services & Supplies) | 955 | 42,822 | ||||||
Absci Corp.* (Life Sciences Tools & Services) | 749 | 2,464 | ||||||
Academy Sports & Outdoors, Inc. (Leisure Products) | 1,195 | 51,422 | ||||||
ACADIA Pharmaceuticals, Inc.* (Biotechnology) | 1,711 | 25,135 | ||||||
Acadia Realty Trust (Equity Real Estate Investment Trusts (REITs)) | 1,327 | 22,732 | ||||||
Accel Entertainment, Inc.* (Hotels, Restaurants & Leisure) | 836 | 10,082 | ||||||
ACCO Brands Corp. (Commercial Services & Supplies) | 1,347 | 9,658 | ||||||
Accolade, Inc.* (Health Care Technology) | 831 | 7,678 | ||||||
ACI Worldwide, Inc.* (Software) | 1,631 | 46,532 | ||||||
Aclaris Therapeutics, Inc.* (Pharmaceuticals) | 851 | 13,114 | ||||||
ACM Research, Inc.* - Class A (Semiconductors & Semiconductor Equipment) | 682 | 11,512 | ||||||
ACNB Corp. (Banks) | 121 | 3,980 | ||||||
Acushnet Holdings Corp. (Leisure Products) | 488 | 23,780 | ||||||
ACV Auctions, Inc.* - Class A (Software) | 1,605 | 11,861 | ||||||
Adagio Therapeutics, Inc.* (Biotechnology) | 730 | 2,570 | ||||||
AdaptHealth Corp.* (Health Care Providers & Services) | 1,028 | 22,729 | ||||||
Adaptive Biotechnologies Corp.* (Life Sciences Tools & Services) | 1,587 | 14,537 | ||||||
Addus HomeCare Corp.* (Health Care Providers & Services) | 220 | 20,418 | ||||||
Adicet Bio, Inc.* (Pharmaceuticals) | 403 | 6,807 | ||||||
Adient PLC* (Auto Components) | 1,351 | 45,637 | ||||||
ADMA Biologics, Inc.* (Biotechnology) | 2,645 | 5,660 | ||||||
Adtalem Global Education, Inc.* (Diversified Consumer Services) | 639 | 25,624 | ||||||
AdTheorent Holding Co., Inc.* (Media) | 227 | 638 | ||||||
ADTRAN Holdings, Inc. (Communications Equipment) | 1,008 | 24,283 | ||||||
Advanced Energy Industries, Inc. (Semiconductors & Semiconductor Equipment) | 535 | 47,877 | ||||||
AdvanSix, Inc. (Chemicals) | 388 | 15,245 | ||||||
Advantage Solutions, Inc.* (Media) | 1,175 | 5,217 | ||||||
Aemetis, Inc.* (Oil, Gas & Consumable Fuels) | 415 | 3,050 | ||||||
Aerie Pharmaceuticals, Inc.* (Pharmaceuticals) | 667 | 4,676 | ||||||
Aerojet Rocketdyne Holdings, Inc.* (Aerospace & Defense) | 1,130 | 49,370 | ||||||
Aerovate Therapeutics, Inc.* (Biotechnology) | 131 | 2,915 | ||||||
AeroVironment, Inc.* (Aerospace & Defense) | 331 | 28,678 | ||||||
AerSale Corp.* (Aerospace & Defense) | 226 | 3,957 | ||||||
Aeva Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 1,378 | 4,864 | ||||||
AEye, Inc.* (Electronic Equipment, Instruments & Components) | 375 | 840 | ||||||
AFC Gamma, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 225 | 3,690 | ||||||
Affimed N.V.* (Biotechnology) | 2,024 | 5,728 | ||||||
Agenus, Inc.* (Biotechnology) | 3,844 | 9,918 | ||||||
Agiliti, Inc.* (Health Care Providers & Services) | 391 | 8,559 | ||||||
Agilysys, Inc.* (Software) | 278 | 13,427 | ||||||
Agios Pharmaceuticals, Inc.* (Biotechnology) | 777 | 16,760 | ||||||
Agree Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 1,058 | 84,205 | ||||||
Air Transport Services Group, Inc.* (Air Freight & Logistics) | 841 | 26,357 | ||||||
AirSculpt Technologies, Inc.* (Health Care Providers & Services) | 176 | 1,368 | ||||||
aka Brands Holding Corp.* (Internet & Direct Marketing Retail) | 158 | 297 | ||||||
Akero Therapeutics, Inc.* (Biotechnology) | 399 | 4,086 | ||||||
Akoustis Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 739 | 3,163 | ||||||
Akoya Biosciences, Inc.* (Life Sciences Tools & Services) | 225 | 3,168 | ||||||
Alamo Group, Inc. (Machinery) | 143 | 18,506 | ||||||
Alarm.com Holdings, Inc.* (Software) | 684 | 48,407 | ||||||
Albany International Corp. - Class A (Machinery) | 449 | 40,980 | ||||||
Albireo Pharma, Inc.* (Biotechnology) | 245 | 5,094 | ||||||
Alector, Inc.* (Biotechnology) | 885 | 9,045 | ||||||
Alerus Financial Corp. (Diversified Financial Services) | 215 | 5,298 | ||||||
Alexander & Baldwin, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,030 | 20,507 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Alexander's, Inc. (Equity Real Estate Investment Trusts (REITs)) | 31 | $ | 7,549 | |||||
Alico, Inc. (Food Products) | 90 | 3,280 | ||||||
Alight, Inc.* - Class A (Professional Services) | 4,833 | 36,441 | ||||||
Alignment Healthcare, Inc.* (Health Care Providers & Services) | 1,201 | 17,631 | ||||||
Alkami Technology, Inc.* (Software) | 510 | 7,099 | ||||||
Alkermes PLC* (Biotechnology) | 2,321 | 59,418 | ||||||
Allbirds, Inc.* - Class A (Textiles, Apparel & Luxury Goods) | 1,343 | 6,903 | ||||||
Allegheny Technologies, Inc.* (Metals & Mining) | 1,767 | 43,981 | ||||||
Allegiance Bancshares, Inc. (Banks) | 276 | 12,155 | ||||||
Allegiant Travel Co.* (Airlines) | 221 | 25,484 | ||||||
ALLETE, Inc. (Electric Utilities) | 816 | 50,649 | ||||||
Allied Motion Technologies, Inc. (Electrical Equipment) | 185 | 4,984 | ||||||
Allogene Therapeutics, Inc.* (Biotechnology) | 1,135 | 14,732 | ||||||
Allovir, Inc.* (Biotechnology) | 442 | 2,029 | ||||||
Allscripts Healthcare Solutions, Inc.* (Health Care Technology) | 1,621 | 25,644 | ||||||
Alpha & Omega Semiconductor, Ltd.* (Semiconductors & Semiconductor Equipment) | 313 | 13,149 | ||||||
Alpha Metallurgical Resources, Inc. (Metals & Mining) | 255 | 34,874 | ||||||
Alpha Teknova, Inc.* (Biotechnology) | 90 | 584 | ||||||
Alphatec Holdings, Inc.* (Health Care Equipment & Supplies) | 1,003 | 7,563 | ||||||
Alpine Immune Sciences, Inc.* (Biotechnology) | 223 | 1,773 | ||||||
Alta Equipment Group, Inc.* (Trading Companies & Distributors) | 299 | 3,361 | ||||||
Altair Engineering, Inc.* - Class A (Software) | 740 | 43,593 | ||||||
Alto Ingredients, Inc.* (Oil, Gas & Consumable Fuels) | 1,028 | 4,420 | ||||||
Altra Industrial Motion Corp. (Machinery) | 926 | 38,642 | ||||||
Altus Power, Inc.* (Independent Power and Renewable Electricity Producers) | 597 | 4,680 | ||||||
ALX Oncology Holdings, Inc.* (Biotechnology) | 305 | 2,952 | ||||||
Amalgamated Financial Corp. (Banks) | 200 | 4,616 | ||||||
A-Mark Precious Metals, Inc. (Diversified Financial Services) | 258 | 7,817 | ||||||
Ambac Financial Group, Inc.* (Insurance) | 653 | 7,686 | ||||||
Ambarella, Inc.* (Semiconductors & Semiconductor Equipment) | 519 | 44,919 | ||||||
AMC Networks, Inc.* - Class A (Media) | 431 | 13,154 | ||||||
Amerant Bancorp, Inc. (Banks) | 400 | 10,928 | ||||||
Ameresco, Inc.* - Class A (Construction & Engineering) | 453 | 25,921 | ||||||
American Assets Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 703 | 21,252 | ||||||
American Axle & Manufacturing Holdings, Inc.* (Auto Components) | 1,609 | 14,336 | ||||||
American Eagle Outfitters, Inc. (Specialty Retail) | 2,195 | 26,428 | ||||||
American Equity Investment Life Holding Co. (Insurance) | 1,109 | 41,654 | ||||||
American National Bankshares, Inc. (Banks) | 147 | 5,335 | ||||||
American Public Education, Inc.* (Diversified Consumer Services) | 267 | 4,195 | ||||||
American Realty Investors, Inc.* (Real Estate Management & Development) | 22 | 340 | ||||||
American Software, Inc. - Class A (Software) | 445 | 7,957 | ||||||
American States Water Co. (Water Utilities) | 526 | 45,851 | ||||||
American Vanguard Corp. (Chemicals) | 415 | 9,715 | ||||||
American Well Corp.* - Class A (Health Care Technology) | 3,265 | 12,734 | ||||||
American Woodmark Corp.* (Building Products) | 235 | 11,802 | ||||||
America's Car-Mart, Inc.* (Specialty Retail) | 85 | 8,803 | ||||||
Ameris Bancorp (Banks) | 942 | 44,547 | ||||||
AMERISAFE, Inc. (Insurance) | 272 | 12,392 | ||||||
Amicus Therapeutics, Inc.* (Biotechnology) | 3,925 | 39,093 | ||||||
Amkor Technology, Inc. (Semiconductors & Semiconductor Equipment) | 1,445 | 29,146 | ||||||
AMMO, Inc.* (Leisure Products) | 1,244 | 6,071 | ||||||
AMN Healthcare Services, Inc.* (Health Care Providers & Services) | 637 | 71,624 | ||||||
Amneal Pharmaceuticals, Inc.* (Pharmaceuticals) | 1,465 | 5,186 | ||||||
Amphastar Pharmaceuticals, Inc.* (Pharmaceuticals) | 545 | 20,378 | ||||||
Amplify Energy Corp.* (Oil, Gas & Consumable Fuels) | 508 | 3,480 | ||||||
Amplitude, Inc.* - Class A (Software) | 796 | 11,765 | ||||||
Amylyx Pharmaceuticals, Inc.* (Pharmaceuticals) | 163 | 4,399 | ||||||
Amyris, Inc.* (Oil, Gas & Consumable Fuels) | 2,802 | 4,988 | ||||||
AN2 Therapeutics, Inc.* (Pharmaceuticals) | 66 | 565 | ||||||
AnaptysBio, Inc.* (Biotechnology) | 289 | 6,052 | ||||||
Anavex Life Sciences Corp.* (Biotechnology) | 971 | 9,962 | ||||||
Angel Oak Mortgage, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 170 | 2,406 | ||||||
AngioDynamics, Inc.* (Health Care Equipment & Supplies) | 530 | 12,026 | ||||||
ANI Pharmaceuticals, Inc.* (Pharmaceuticals) | 179 | 6,131 | ||||||
Anika Therapeutics, Inc.* (Health Care Equipment & Supplies) | 207 | 4,836 | ||||||
Anterix, Inc.* (Diversified Telecommunication Services) | 173 | 7,697 | ||||||
Apartment Investment and Management Co.* (Equity Real Estate Investment Trusts (REITs)) | 2,133 | 17,747 | ||||||
Apellis Pharmaceuticals, Inc.* (Biotechnology) | 1,295 | 72,882 | ||||||
API Group Corp.* (Construction & Engineering) | 2,942 | 52,103 | ||||||
Apogee Enterprises, Inc. (Building Products) | 316 | 13,149 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Apollo Commercial Real Estate Finance, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 2,003 | $ | 25,598 | |||||
Apollo Medical Holdings, Inc.* (Health Care Providers & Services) | 555 | 29,432 | ||||||
Appfolio, Inc.* (Software) | 271 | 27,591 | ||||||
AppHarvest, Inc.* (Food Products) | 1,016 | 3,901 | ||||||
Appian Corp.* (Software) | 570 | 27,662 | ||||||
Apple Hospitality REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 3,064 | 51,108 | ||||||
Applied Blockchain, Inc.* (Software) | 113 | 240 | ||||||
Applied Industrial Technologies, Inc. (Trading Companies & Distributors) | 545 | 54,823 | ||||||
Arbor Realty Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 2,212 | 36,763 | ||||||
Arbutus Biopharma Corp.* (Biotechnology) | 1,536 | 3,548 | ||||||
ArcBest Corp. (Road & Rail) | 348 | 30,833 | ||||||
Arcellx, Inc.* (Biotechnology) | 140 | 2,902 | ||||||
Arch Resources, Inc. (Oil, Gas & Consumable Fuels) | 216 | 27,894 | ||||||
Archaea Energy, Inc.* (Oil, Gas & Consumable Fuels) | 848 | 13,890 | ||||||
Archer Aviation, Inc.* - Class A (Aerospace & Defense) | 1,771 | 7,155 | ||||||
Archrock, Inc. (Energy Equipment & Services) | 1,928 | 16,272 | ||||||
Arconic Corp.* (Metals & Mining) | 1,506 | 45,496 | ||||||
Arcosa, Inc. (Construction & Engineering) | 690 | 35,576 | ||||||
Arcturus Therapeutics Holdings, Inc.* (Biotechnology) | 329 | 5,774 | ||||||
Arcus Biosciences, Inc.* (Biotechnology) | 731 | 19,437 | ||||||
Arcutis Biotherapeutics, Inc.* (Biotechnology) | 499 | 12,106 | ||||||
Ardmore Shipping Corp.* (Oil, Gas & Consumable Fuels) | 496 | 4,042 | ||||||
Ares Commercial Real Estate Corp. (Mortgage Real Estate Investment Trusts (REITs)) | 637 | 8,727 | ||||||
Argan, Inc. (Construction & Engineering) | 199 | 7,395 | ||||||
Argo Group International Holdings, Ltd. (Insurance) | 453 | 14,854 | ||||||
Aris Water Solution, Inc. - Class A (Commercial Services & Supplies) | 313 | 6,626 | ||||||
Arko Corp. (Specialty Retail) | 1,209 | 11,038 | ||||||
Arlo Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 1,211 | 8,513 | ||||||
Armada Hoffler Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 956 | 13,556 | ||||||
ARMOUR Residential REIT, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 1,463 | 11,514 | ||||||
Array Technologies, Inc.* (Electrical Equipment) | 2,146 | 36,160 | ||||||
Arrow Financial Corp. (Banks) | 196 | 6,576 | ||||||
Arrowhead Pharmaceuticals, Inc.* (Biotechnology) | 1,465 | 62,306 | ||||||
Arteris, Inc.* (Software) | 241 | 1,942 | ||||||
Artesian Resources Corp. - Class A (Water Utilities) | 116 | 5,981 | ||||||
Artisan Partners Asset Management, Inc. (Capital Markets) | 856 | 34,035 | ||||||
Artivion, Inc.* (Health Care Equipment & Supplies) | 555 | 10,878 | ||||||
Arvinas, Inc.* (Pharmaceuticals) | 693 | 36,805 | ||||||
Asana, Inc.* - Class A (Software) | 1,048 | 20,247 | ||||||
Asbury Automotive Group, Inc.* (Specialty Retail) | 315 | 54,066 | ||||||
ASGN, Inc.* (Professional Services) | 714 | 74,084 | ||||||
Ashford Hospitality Trust, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 489 | 4,264 | ||||||
Aspen Aerogels, Inc.* (Energy Equipment & Services) | 390 | 5,101 | ||||||
Assetmark Financial Holdings, Inc.* (Capital Markets) | 307 | 5,830 | ||||||
Associated Banc-Corp. (Banks) | 2,125 | 42,713 | ||||||
Associated Capital Group, Inc. - Class A (Capital Markets) | 25 | 1,023 | ||||||
Astec Industries, Inc. (Machinery) | 325 | 15,967 | ||||||
Astra Space, Inc.* (Aerospace & Defense) | 2,046 | 2,926 | ||||||
Astronics Corp.* (Aerospace & Defense) | 360 | 4,039 | ||||||
Atara Biotherapeutics, Inc.* (Biotechnology) | 1,307 | 3,960 | ||||||
Atea Pharmaceuticals, Inc.* (Biotechnology) | 1,086 | 8,905 | ||||||
Aterian, Inc.* (Household Durables) | 866 | 1,974 | ||||||
Athira Pharma, Inc.* (Pharmaceuticals) | 484 | 1,684 | ||||||
ATI Physical Therapy, Inc.* (Health Care Providers & Services) | 1,064 | 1,117 | ||||||
Atkore, Inc.* (Electrical Equipment) | 612 | 60,754 | ||||||
Atlantic Union Bankshares (Banks) | 1,066 | 36,873 | ||||||
Atlanticus Holdings Corp.* (Consumer Finance) | 61 | 2,357 | ||||||
Atlas Air Worldwide Holdings, Inc.* (Air Freight & Logistics) | 399 | 30,208 | ||||||
Atlas Technical Consultants, Inc.* (Professional Services) | 253 | 1,776 | ||||||
ATN International, Inc. (Diversified Telecommunication Services) | 156 | 7,182 | ||||||
Atomera, Inc.* (Semiconductors & Semiconductor Equipment) | 291 | 3,399 | ||||||
AtriCure, Inc.* (Health Care Equipment & Supplies) | 649 | 32,067 | ||||||
Atrion Corp. (Health Care Equipment & Supplies) | 20 | 13,518 | ||||||
Aura Biosciences, Inc.* (Biotechnology) | 261 | 3,722 | ||||||
Aurinia Pharmaceuticals, Inc.* (Biotechnology) | 1,909 | 15,616 | ||||||
Avanos Medical, Inc.* (Health Care Equipment & Supplies) | 671 | 19,036 | ||||||
Avaya Holdings Corp.* - Class C (Software) | 1,188 | 1,068 | ||||||
Aveanna Healthcare Holdings, Inc.* (Health Care Providers & Services) | 633 | 1,342 | ||||||
AvePoint, Inc.* (Software) | 1,833 | 9,220 | ||||||
Aviat Networks, Inc.* (Communications Equipment) | 157 | 4,613 | ||||||
Avid Bioservices, Inc.* (Biotechnology) | 869 | 17,076 | ||||||
Avid Technology, Inc.* (Technology Hardware, Storage & Peripherals) | 510 | 14,311 | ||||||
Avidity Biosciences, Inc.* (Biotechnology) | 696 | 11,338 | ||||||
AvidXchange Holdings, Inc.* (Software) | 2,087 | 15,068 | ||||||
Avient Corp. (Chemicals) | 1,296 | 55,922 | ||||||
Avista Corp. (Multi-Utilities) | 1,032 | 43,612 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Axcelis Technologies, Inc.* (Semiconductors & Semiconductor Equipment) | 465 | $ | 32,703 | |||||
AxoGen, Inc.* (Health Care Equipment & Supplies) | 578 | 5,387 | ||||||
Axonics, Inc.* (Health Care Equipment & Supplies) | 669 | 43,398 | ||||||
Axos Financial, Inc.* - Class I (Thrifts & Mortgage Finance) | 816 | 34,076 | ||||||
Axsome Therapeutics, Inc.* (Pharmaceuticals) | 409 | 15,783 | ||||||
AXT, Inc.* (Semiconductors & Semiconductor Equipment) | 577 | 5,060 | ||||||
AZZ, Inc. (Electrical Equipment) | 349 | 14,846 | ||||||
B Riley Financial, Inc. (Capital Markets) | 289 | 14,895 | ||||||
B&G Foods, Inc. (Food Products) | 968 | 23,919 | ||||||
Babcock & Wilcox Enterprises, Inc.* (Electrical Equipment) | 848 | 6,750 | ||||||
Babylon Holdings, Ltd.* - Class A (Health Care Technology) | 1,549 | 1,564 | ||||||
Badger Meter, Inc. (Electronic Equipment, Instruments & Components) | 416 | 40,015 | ||||||
Bakkt Holdings, Inc.* (Capital Markets) | 808 | 2,270 | ||||||
Balchem Corp. (Chemicals) | 454 | 61,636 | ||||||
Bally's Corp.* (Hotels, Restaurants & Leisure) | 568 | 12,479 | ||||||
Banc of California, Inc. (Banks) | 782 | 13,693 | ||||||
BancFirst Corp. (Banks) | 280 | 30,069 | ||||||
Banco Latinoamericano de Comercio Exterior S.A. - Class E (Diversified Financial Services) | 392 | 5,429 | ||||||
Bandwidth, Inc.* (Diversified Telecommunication Services) | 330 | 5,488 | ||||||
Bank First Corp. (Banks) | 92 | 7,077 | ||||||
Bank of Marin Bancorp (Banks) | 223 | 7,297 | ||||||
BankUnited, Inc. (Banks) | 1,163 | 45,183 | ||||||
Bankwell Financial Group, Inc. (Banks) | 80 | 2,622 | ||||||
Banner Corp. (Banks) | 487 | 30,189 | ||||||
Bar Harbor Bankshares (Banks) | 210 | 6,084 | ||||||
BARK, Inc.* (Internet & Direct Marketing Retail) | 733 | 1,048 | ||||||
Barnes Group, Inc. (Machinery) | 697 | 23,573 | ||||||
Barrett Business Services, Inc. (Professional Services) | 102 | 8,322 | ||||||
Battalion Oil Corp.* (Oil, Gas & Consumable Fuels) | 36 | 381 | ||||||
BayCom Corp. (Banks) | 182 | 3,565 | ||||||
BCB Bancorp, Inc. (Banks) | 204 | 3,929 | ||||||
Beacon Roofing Supply, Inc.* (Trading Companies & Distributors) | 773 | 46,395 | ||||||
Beam Therapeutics, Inc.* (Biotechnology) | 905 | 56,997 | ||||||
Beazer Homes USA, Inc.* (Household Durables) | 425 | 6,269 | ||||||
Bed Bath & Beyond, Inc.* (Specialty Retail) | 1,135 | 5,709 | ||||||
Belden, Inc. (Electronic Equipment, Instruments & Components) | 625 | 40,450 | ||||||
BellRing Brands, Inc.* (Personal Products) | 1,665 | 40,193 | ||||||
Benchmark Electronics, Inc. (Electronic Equipment, Instruments & Components) | 497 | 12,713 | ||||||
Benefitfocus, Inc.* (Software) | 367 | 3,108 | ||||||
Benson Hill, Inc.* (Software) | 2,436 | 7,917 | ||||||
Berkeley Lights, Inc.* (Life Sciences Tools & Services) | 794 | 3,565 | ||||||
Berkshire Grey, Inc.* (Machinery) | 694 | 1,221 | ||||||
Berkshire Hills Bancorp, Inc. (Banks) | 657 | 18,508 | ||||||
Berry Corp. (Oil, Gas & Consumable Fuels) | 1,141 | 9,744 | ||||||
Beyond Meat, Inc.* (Food Products) | 874 | 27,959 | ||||||
BGC Partners, Inc. - Class A (Capital Markets) | 4,548 | 16,600 | ||||||
Big 5 Sporting Goods Corp. (Specialty Retail) | 305 | 3,922 | ||||||
Big Lots, Inc. (Multiline Retail) | 399 | 8,056 | ||||||
BigCommerce Holdings, Inc.* - Class 1 (IT Services) | 912 | 14,273 | ||||||
Biglari Holdings, Inc.* - Class B (Hotels, Restaurants & Leisure) | 10 | 1,202 | ||||||
BioCryst Pharmaceuticals, Inc.* (Biotechnology) | 2,640 | 29,093 | ||||||
Biohaven Pharmaceutical Holding Co., Ltd.* (Biotechnology) | 887 | 129,519 | ||||||
BioLife Solutions, Inc.* (Health Care Equipment & Supplies) | 479 | 9,230 | ||||||
Bionano Genomics, Inc.* (Life Sciences Tools & Services) | 4,154 | 7,726 | ||||||
Bioventus, Inc.* - Class A (Health Care Equipment & Supplies) | 449 | 3,812 | ||||||
Bioxcel Therapeutics, Inc.* (Biotechnology) | 272 | 4,200 | ||||||
Bird Global, Inc.* - Class A (Road & Rail) | 2,441 | 1,313 | ||||||
BJ's Restaurants, Inc.* (Hotels, Restaurants & Leisure) | 323 | 7,581 | ||||||
Black Hills Corp. (Multi-Utilities) | 926 | 71,488 | ||||||
Blackbaud, Inc.* (Software) | 661 | 40,533 | ||||||
Blackline, Inc.* (Software) | 787 | 49,754 | ||||||
Blackstone Mortgage Trust, Inc. - Class A (Mortgage Real Estate Investment Trusts (REITs)) | 2,425 | 75,103 | ||||||
Blade Air Mobility, Inc.* (Airlines) | 798 | 4,433 | ||||||
Blend Labs, Inc.* - Class A (Software) | 2,633 | 6,951 | ||||||
Blink Charging Co.* (Electrical Equipment) | 526 | 11,135 | ||||||
Bloom Energy Corp.* (Electrical Equipment) | 2,318 | 46,893 | ||||||
Bloomin' Brands, Inc. (Hotels, Restaurants & Leisure) | 1,257 | 25,630 | ||||||
Blucora, Inc.* (Capital Markets) | 671 | 13,420 | ||||||
Blue Bird Corp.* (Machinery) | 248 | 2,768 | ||||||
Blue Foundry Bancorp* (Thrifts & Mortgage Finance) | 373 | 4,375 | ||||||
Blue Ridge Bankshares, Inc. (Banks) | 242 | 3,615 | ||||||
Bluebird Bio, Inc.* (Biotechnology) | 1,018 | 4,123 | ||||||
Bluegreen Vacations Holding Corp. (Hotels, Restaurants & Leisure) | 182 | 4,783 | ||||||
BlueLinx Holdings, Inc.* (Trading Companies & Distributors) | 133 | 10,640 | ||||||
Blueprint Medicines Corp.* (Biotechnology) | 850 | 43,401 | ||||||
Bluerock Residential Growth REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 408 | 10,718 | ||||||
Boise Cascade Co. (Trading Companies & Distributors) | 563 | 39,810 | ||||||
Boot Barn Holdings, Inc.* (Specialty Retail) | 421 | 26,228 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Borr Drilling, Ltd.* (Energy Equipment & Services) | 1,912 | $ | 7,342 | |||||
Boston Omaha Corp.* - Class A (Media) | 292 | 7,125 | ||||||
Bowlero Corp.* (Hotels, Restaurants & Leisure) | 554 | 6,338 | ||||||
Box, Inc.* - Class A (Software) | 1,838 | 52,273 | ||||||
Boxed, Inc.* (Internet & Direct Marketing Retail) | 164 | 308 | ||||||
Brady Corp. - Class A (Commercial Services & Supplies) | 669 | 32,012 | ||||||
Braemar Hotels & Resorts, Inc. (Equity Real Estate Investment Trusts (REITs)) | 974 | 5,055 | ||||||
Brandywine Realty Trust (Equity Real Estate Investment Trusts (REITs)) | 2,416 | 22,590 | ||||||
BRC, Inc.* - Class A (Food Products) | 366 | 3,437 | ||||||
Bread Financial Holdings, Inc. (IT Services) | 713 | 28,242 | ||||||
Bridgebio Pharma, Inc.* (Biotechnology) | 1,490 | 12,903 | ||||||
Bridgewater Bancshares, Inc.* (Thrifts & Mortgage Finance) | 294 | 5,139 | ||||||
Brigham Minerals, Inc. (Oil, Gas & Consumable Fuels) | 727 | 19,302 | ||||||
Bright Health Group, Inc.* (Insurance) | 2,747 | 4,615 | ||||||
Brightcove, Inc.* (IT Services) | 585 | 3,481 | ||||||
Brightsphere Investment Group, Inc. (Capital Markets) | 460 | 8,699 | ||||||
BrightSpire Capital, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 1,355 | 11,978 | ||||||
BrightView Holdings, Inc.* (Commercial Services & Supplies) | 632 | 8,304 | ||||||
Brinker International, Inc.* (Hotels, Restaurants & Leisure) | 618 | 17,150 | ||||||
Bristow Group, Inc.* (Energy Equipment & Services) | 337 | 8,695 | ||||||
Broadmark Realty Capital, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 1,853 | 14,064 | ||||||
Broadstone Net Lease, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,410 | 54,635 | ||||||
Brookdale Senior Living, Inc.* (Health Care Providers & Services) | 2,648 | 12,763 | ||||||
Brookfield Business Corp. - Class A (Industrial Conglomerates) | 370 | 8,455 | ||||||
Brookfield Infrastructure Corp. - Class A (Gas Utilities) | 1,395 | 63,905 | ||||||
Brookline Bancorp, Inc. (Banks) | 1,080 | 14,936 | ||||||
BRP Group, Inc.* - Class A (Insurance) | 833 | 22,966 | ||||||
BRT Apartments Corp. (Equity Real Estate Investment Trusts (REITs)) | 168 | 3,862 | ||||||
BTRS Holdings, Inc.* (Software) | 1,427 | 9,204 | ||||||
Build-A-Bear Workshop, Inc. (Specialty Retail) | 202 | 3,226 | ||||||
Bumble, Inc.* - Class A (Interactive Media & Services) | 1,228 | 46,567 | ||||||
Business First Bancshares, Inc. (Banks) | 301 | 7,067 | ||||||
Butterfly Network, Inc.* (Health Care Equipment & Supplies) | 1,891 | 8,207 | ||||||
Byline Bancorp, Inc. (Banks) | 349 | 8,547 | ||||||
C3.ai, Inc.* - Class A (Software) | 979 | 18,023 | ||||||
C4 Therapeutics, Inc.* (Biotechnology) | 599 | 5,774 | ||||||
Cabot Corp. (Chemicals) | 792 | 58,814 | ||||||
Cactus, Inc. - Class A (Energy Equipment & Services) | 839 | 34,894 | ||||||
Cadence Bank (Banks) | 2,609 | 68,095 | ||||||
Cadre Holdings, Inc. (Aerospace & Defense) | 235 | 5,558 | ||||||
Caesarstone, Ltd. (Building Products) | 323 | 2,901 | ||||||
Calavo Growers, Inc. (Food Products) | 245 | 9,874 | ||||||
Caleres, Inc. (Specialty Retail) | 519 | 12,882 | ||||||
California Resources Corp. (Oil, Gas & Consumable Fuels) | 1,114 | 49,974 | ||||||
California Water Service Group (Water Utilities) | 764 | 45,902 | ||||||
Calix, Inc.* (Communications Equipment) | 808 | 46,087 | ||||||
Callaway Golf Co.* (Leisure Products) | 1,992 | 45,716 | ||||||
Callon Petroleum Co.* (Oil, Gas & Consumable Fuels) | 701 | 32,274 | ||||||
Cal-Maine Foods, Inc. (Food Products) | 540 | 27,599 | ||||||
Cambium Networks Corp.* (Communications Equipment) | 164 | 3,091 | ||||||
Cambridge Bancorp (Banks) | 97 | 8,079 | ||||||
Camden National Corp. (Banks) | 205 | 9,369 | ||||||
Camping World Holdings, Inc. - Class A (Specialty Retail) | 548 | 14,818 | ||||||
Cannae Holdings, Inc.* (Diversified Financial Services) | 1,076 | 22,714 | ||||||
Cano Health, Inc.* (Health Care Providers & Services) | 2,305 | 14,037 | ||||||
Canoo, Inc.* (Automobiles) | 1,640 | 5,674 | ||||||
Cantaloupe, Inc.* (IT Services) | 832 | 5,050 | ||||||
Capital Bancorp, Inc. (Banks) | 128 | 3,199 | ||||||
Capital City Bank Group, Inc. (Banks) | 193 | 6,251 | ||||||
Capitol Federal Financial, Inc. (Thrifts & Mortgage Finance) | 1,851 | 17,751 | ||||||
Capstar Financial Holdings, Inc. (Banks) | 290 | 6,093 | ||||||
Cara Therapeutics, Inc.* (Biotechnology) | 638 | 5,576 | ||||||
Cardiovascular Systems, Inc.* (Health Care Equipment & Supplies) | 566 | 8,722 | ||||||
Cardlytics, Inc.* (Media) | 471 | 6,500 | ||||||
CareDx, Inc.* (Biotechnology) | 725 | 17,248 | ||||||
CareMax, Inc.* (Health Care Providers & Services) | 849 | 6,070 | ||||||
CareTrust REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,375 | 28,394 | ||||||
Cargurus, Inc.* (Interactive Media & Services) | 1,453 | 35,293 | ||||||
Caribou Biosciences, Inc.* (Biotechnology) | 769 | 6,244 | ||||||
CarParts.com, Inc.* (Internet & Direct Marketing Retail) | 722 | 5,762 | ||||||
Carpenter Technology Corp. (Metals & Mining) | 680 | 21,855 | ||||||
Carriage Services, Inc. (Diversified Consumer Services) | 192 | 6,966 | ||||||
Cars.com, Inc.* (Interactive Media & Services) | 986 | 11,595 | ||||||
Carter Bankshares, Inc.* (Banks) | 346 | 4,827 | ||||||
Casa Systems, Inc.* (Communications Equipment) | 502 | 2,219 | ||||||
Casella Waste Systems, Inc.* - Class A (Commercial Services & Supplies) | 711 | 57,556 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Cass Information Systems, Inc. (IT Services) | 192 | $ | 7,000 | |||||
Cassava Sciences, Inc.* (Pharmaceuticals) | 543 | 8,867 | ||||||
Castle Biosciences, Inc.* (Biotechnology) | 338 | 9,450 | ||||||
Catalyst Pharmaceuticals, Inc.* (Biotechnology) | 1,364 | 13,967 | ||||||
CatchMark Timber Trust, Inc. - Class A (Equity Real Estate Investment Trusts (REITs)) | 698 | 7,846 | ||||||
Cathay General Bancorp (Banks) | 1,026 | 42,784 | ||||||
Cavco Industries, Inc.* (Household Durables) | 131 | 33,770 | ||||||
CBIZ, Inc.* (Professional Services) | 700 | 31,934 | ||||||
CBL & Associates Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 379 | 11,669 | ||||||
CBTX, Inc. (Banks) | 262 | 8,109 | ||||||
Cedar Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 153 | 4,446 | ||||||
Celldex Therapeutics, Inc.* (Biotechnology) | 653 | 20,060 | ||||||
Celsius Holdings, Inc.* (Beverages) | 778 | 69,211 | ||||||
Celularity, Inc.* (Biotechnology) | 221 | 665 | ||||||
Cenntro Electric Group, Ltd.* (Automobiles) | 2,619 | 3,929 | ||||||
Centennial Resource Development, Inc.* - Class A (Oil, Gas & Consumable Fuels) | 2,928 | 19,500 | ||||||
Centerspace (Equity Real Estate Investment Trusts (REITs)) | 219 | 18,810 | ||||||
Central Garden & Pet Co.* (Household Products) | 140 | 6,068 | ||||||
Central Garden & Pet Co.* - Class A (Household Products) | 580 | 23,664 | ||||||
Central Pacific Financial Corp. (Banks) | 386 | 9,140 | ||||||
Centrus Energy Corp.* - Class A (Oil, Gas & Consumable Fuels) | 152 | 5,039 | ||||||
Century Aluminum Co.* (Metals & Mining) | 739 | 5,831 | ||||||
Century Casinos, Inc.* (Hotels, Restaurants & Leisure) | 387 | 3,262 | ||||||
Century Communities, Inc. (Household Durables) | 416 | 21,287 | ||||||
Century Therapeutics, Inc.* (Biotechnology) | 287 | 3,034 | ||||||
Cepton, Inc.* (Electronic Equipment, Instruments & Components) | 109 | 160 | ||||||
Cerberus Cyber Sentinel Corp.* (IT Services) | 650 | 2,087 | ||||||
Cerence, Inc.* (Software) | 560 | 15,775 | ||||||
Cerevel Therapeutics Holdings, Inc.* (Biotechnology) | 773 | 20,322 | ||||||
Cerus Corp.* (Health Care Equipment & Supplies) | 2,456 | 13,262 | ||||||
CEVA, Inc.* (Semiconductors & Semiconductor Equipment) | 326 | 12,137 | ||||||
ChampionX Corp. (Energy Equipment & Services) | 2,909 | 60,769 | ||||||
ChannelAdvisor Corp.* (Software) | 428 | 6,309 | ||||||
Charge Enterprises, Inc.* (Diversified Telecommunication Services) | 1,539 | 4,679 | ||||||
Chart Industries, Inc.* (Machinery) | 523 | 102,031 | ||||||
Chase Corp. (Chemicals) | 107 | 9,728 | ||||||
Chatham Lodging Trust* (Equity Real Estate Investment Trusts (REITs)) | 682 | 8,293 | ||||||
Chegg, Inc.* (Diversified Consumer Services) | 1,771 | 37,722 | ||||||
ChemoCentryx, Inc.* (Biotechnology) | 900 | 21,258 | ||||||
Chesapeake Utilities Corp. (Gas Utilities) | 247 | 33,871 | ||||||
Chicago Atlantic Real Estate Finance, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 98 | 1,394 | ||||||
Chico's FAS, Inc.* (Specialty Retail) | 1,743 | 8,750 | ||||||
Chimera Investment Corp. (Mortgage Real Estate Investment Trusts (REITs)) | 3,386 | 35,451 | ||||||
Chimerix, Inc.* (Biotechnology) | 1,198 | 2,624 | ||||||
Chinook Therapeutics, Inc.* (Biotechnology) | 622 | 11,513 | ||||||
Chuy's Holdings, Inc.* (Hotels, Restaurants & Leisure) | 268 | 5,958 | ||||||
Cimpress PLC* (Commercial Services & Supplies) | 252 | 10,128 | ||||||
CinCor Pharma, Inc.* (Pharmaceuticals) | 191 | 4,320 | ||||||
Cinemark Holdings, Inc.* (Entertainment) | 1,551 | 28,430 | ||||||
Cipher Mining, Inc.* (Software) | 556 | 956 | ||||||
CIRCOR International, Inc.* (Machinery) | 263 | 4,579 | ||||||
Citi Trends, Inc.* (Specialty Retail) | 120 | 2,950 | ||||||
Citizens & Northern Corp. (Banks) | 214 | 5,228 | ||||||
City Holding Co. (Banks) | 209 | 18,139 | ||||||
City Office REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 608 | 8,573 | ||||||
Civista Bancshares, Inc. (Banks) | 207 | 4,484 | ||||||
Civitas Resources, Inc. (Oil, Gas & Consumable Fuels) | 1,051 | 61,967 | ||||||
Claros Mortgage Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 1,309 | 25,080 | ||||||
Clarus Corp. (Leisure Products) | 410 | 8,454 | ||||||
Clean Energy Fuels Corp.* (Oil, Gas & Consumable Fuels) | 2,413 | 15,636 | ||||||
Cleanspark, Inc.* (Software) | 572 | 2,282 | ||||||
Clear Channel Outdoor Holdings, Inc.* (Media) | 5,195 | 8,052 | ||||||
Clear Secure, Inc.* - Class A (Software) | 885 | 22,408 | ||||||
Clearfield, Inc.* (Communications Equipment) | 165 | 16,261 | ||||||
Clearwater Paper Corp.* (Paper & Forest Products) | 238 | 8,497 | ||||||
Clearway Energy, Inc. - Class A (Independent Power and Renewable Electricity Producers) | 496 | 17,127 | ||||||
Clearway Energy, Inc. - Class C (Independent Power and Renewable Electricity Producers) | 1,168 | 43,847 | ||||||
Clipper Realty, Inc. (Equity Real Estate Investment Trusts (REITs)) | 170 | 1,532 | ||||||
Clover Health Investments Corp.* (Health Care Providers & Services) | 5,430 | 15,204 | ||||||
CNB Financial Corp. (Banks) | 229 | 5,908 | ||||||
CNO Financial Group, Inc. (Insurance) | 1,637 | 30,694 | ||||||
CNX Resources Corp.* (Oil, Gas & Consumable Fuels) | 2,744 | 47,389 | ||||||
Coastal Financial Corp.* (Banks) | 148 | 6,102 | ||||||
Coca-Cola Consolidated, Inc. (Beverages) | 67 | 34,371 | ||||||
Codexis, Inc.* (Life Sciences Tools & Services) | 871 | 5,975 | ||||||
Coeur Mining, Inc.* (Metals & Mining) | 3,966 | 12,731 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Cogent Biosciences, Inc.* (Biotechnology) | 635 | $ | 7,042 | |||||
Cogent Communications Holdings, Inc. (Diversified Telecommunication Services) | 612 | 39,052 | ||||||
Cohen & Steers, Inc. (Capital Markets) | 362 | 26,676 | ||||||
Coherus Biosciences, Inc.* (Biotechnology) | 1,048 | 8,877 | ||||||
Cohu, Inc.* (Semiconductors & Semiconductor Equipment) | 683 | 19,520 | ||||||
Collegium Pharmaceutical, Inc.* (Pharmaceuticals) | 483 | 8,303 | ||||||
Colony Bankcorp, Inc. (Banks) | 233 | 3,383 | ||||||
Columbia Banking System, Inc. (Banks) | 1,122 | 33,851 | ||||||
Columbia Financial, Inc.* (Thrifts & Mortgage Finance) | 493 | 10,028 | ||||||
Columbus McKinnon Corp. (Machinery) | 399 | 13,207 | ||||||
Comfort Systems USA, Inc. (Construction & Engineering) | 505 | 53,358 | ||||||
Commercial Metals Co. (Metals & Mining) | 1,723 | 68,264 | ||||||
CommScope Holding Co., Inc.* (Communications Equipment) | 2,920 | 26,368 | ||||||
Community Bank System, Inc. (Banks) | 760 | 51,171 | ||||||
Community Health Systems, Inc.* (Health Care Providers & Services) | 1,780 | 5,304 | ||||||
Community Healthcare Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 337 | 13,126 | ||||||
Community Trust Bancorp, Inc. (Banks) | 224 | 9,706 | ||||||
CommVault Systems, Inc.* (Software) | 634 | 35,561 | ||||||
Compass Diversified Holdings (Diversified Financial Services) | 863 | 20,824 | ||||||
Compass Minerals International, Inc. (Metals & Mining) | 489 | 18,205 | ||||||
Compass, Inc.* - Class A (Real Estate Management & Development) | 3,710 | 14,172 | ||||||
CompoSecure, Inc.* (Technology Hardware, Storage & Peripherals) | 110 | 601 | ||||||
Computer Programs and Systems, Inc.* (Health Care Technology) | 203 | 6,853 | ||||||
CompX International, Inc. (Commercial Services & Supplies) | 23 | 523 | ||||||
Comstock Resources, Inc.* (Oil, Gas & Consumable Fuels) | 1,305 | 20,789 | ||||||
Comtech Telecommunications Corp. (Communications Equipment) | 368 | 4,276 | ||||||
Concrete Pumping Holdings, Inc.* (Construction & Engineering) | 374 | 2,442 | ||||||
Conduent, Inc.* (IT Services) | 2,417 | 11,263 | ||||||
CONMED Corp. (Health Care Equipment & Supplies) | 402 | 39,247 | ||||||
ConnectOne Bancorp, Inc. (Banks) | 529 | 13,987 | ||||||
Conn's, Inc.* (Specialty Retail) | 186 | 1,752 | ||||||
Consensus Cloud Solutions, Inc.* (Software) | 228 | 12,319 | ||||||
CONSOL Energy, Inc.* (Oil, Gas & Consumable Fuels) | 489 | 29,985 | ||||||
Consolidated Communications Holdings, Inc.* (Diversified Telecommunication Services) | 1,057 | 6,976 | ||||||
Constellium SE* (Metals & Mining) | 1,767 | 25,851 | ||||||
Construction Partners, Inc.* - Class A (Construction & Engineering) | 568 | 13,507 | ||||||
Consumer Portfolio Services, Inc.* (Consumer Finance) | 204 | 2,615 | ||||||
ContextLogic, Inc.* - Class A (Internet & Direct Marketing Retail) | 8,101 | 12,152 | ||||||
Convey Health Solutions Holdings, Inc.* (Health Care Technology) | 230 | 2,404 | ||||||
Corcept Therapeutics, Inc.* (Pharmaceuticals) | 1,214 | 34,793 | ||||||
Core Scientific, Inc.* (IT Services) | 3,114 | 7,816 | ||||||
CoreCivic, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 1,718 | 18,503 | ||||||
Corporate Office Properties Trust (Equity Real Estate Investment Trusts (REITs)) | 1,604 | 45,153 | ||||||
Corsair Gaming, Inc.* (Technology Hardware, Storage & Peripherals) | 545 | 7,685 | ||||||
CorVel Corp.* (Health Care Providers & Services) | 128 | 21,106 | ||||||
Costamare, Inc. (Marine) | 767 | 8,997 | ||||||
Couchbase, Inc.* (Software) | 377 | 5,742 | ||||||
Coursera, Inc.* (Diversified Consumer Services) | 1,605 | 22,293 | ||||||
Covenant Logistics Group, Inc. - Class A (Road & Rail) | 158 | 5,288 | ||||||
Covetrus, Inc.* (Health Care Providers & Services) | 1,507 | 31,300 | ||||||
Cowen, Inc. - Class A (Capital Markets) | 374 | 13,116 | ||||||
CRA International, Inc. (Professional Services) | 102 | 10,099 | ||||||
Cracker Barrel Old Country Store, Inc. (Hotels, Restaurants & Leisure) | 330 | 31,373 | ||||||
Crawford & Co. - Class A (Insurance) | 239 | 1,733 | ||||||
Credo Technology Group Holding, Ltd.* (Semiconductors & Semiconductor Equipment) | 334 | 5,361 | ||||||
Crescent Energy, Inc. - Class A (Oil, Gas & Consumable Fuels) | 463 | 6,760 | ||||||
Crinetics Pharmaceuticals, Inc.* (Biotechnology) | 749 | 14,388 | ||||||
Crocs, Inc.* (Textiles, Apparel & Luxury Goods) | 864 | 61,897 | ||||||
Cross Country Healthcare, Inc.* (Health Care Providers & Services) | 521 | 13,734 | ||||||
CrossFirst Bankshares, Inc.* (Banks) | 648 | 8,891 | ||||||
CryoPort, Inc.* (Health Care Equipment & Supplies) | 634 | 23,585 | ||||||
Cryptyde, Inc.* (Containers & Packaging) | 261 | 289 | ||||||
CS Disco, Inc.* (Software) | 316 | 7,755 | ||||||
CSG Systems International, Inc. (IT Services) | 456 | 29,754 | ||||||
CSW Industrials, Inc. (Building Products) | 213 | 25,447 | ||||||
CTI BioPharma Corp.* (Biotechnology) | 1,318 | 8,620 | ||||||
CTO Realty Growth, Inc. (Equity Real Estate Investment Trusts (REITs)) | 247 | 5,236 | ||||||
CTS Corp. (Electronic Equipment, Instruments & Components) | 452 | 18,387 | ||||||
Cue Health, Inc.* (Health Care Equipment & Supplies) | 1,533 | 5,182 | ||||||
Cullinan Oncology, Inc.* (Biotechnology) | 425 | 5,742 | ||||||
Cumulus Media, Inc.* - Class A (Media) | 263 | 2,088 | ||||||
Curo Group Holdings Corp. (Consumer Finance) | 312 | 2,234 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Cushman & Wakefield PLC* (Real Estate Management & Development) | 2,264 | $ | 38,034 | |||||
Custom Truck One Source, Inc.* (Trading Companies & Distributors) | 849 | 5,255 | ||||||
Customers Bancorp, Inc.* (Banks) | 441 | 16,842 | ||||||
Cutera, Inc.* (Health Care Equipment & Supplies) | 236 | 10,955 | ||||||
CVB Financial Corp. (Banks) | 1,925 | 51,340 | ||||||
Cvent Holding Corp.* (Software) | 1,196 | 7,463 | ||||||
CVR Energy, Inc. (Oil, Gas & Consumable Fuels) | 421 | 14,120 | ||||||
CyberOptics Corp.* (Semiconductors & Semiconductor Equipment) | 102 | 4,148 | ||||||
Cytek Biosciences, Inc.* (Life Sciences Tools & Services) | 1,626 | 20,813 | ||||||
Cytokinetics, Inc.* (Biotechnology) | 1,169 | 49,484 | ||||||
Cyxtera Technologies, Inc.* (IT Services) | 606 | 7,387 | ||||||
Daily Journal Corp.* (Media) | 18 | 4,865 | ||||||
Dakota Gold Corp.* (Metals & Mining) | 722 | 3,227 | ||||||
Dana, Inc. (Auto Components) | 1,838 | 30,805 | ||||||
Danimer Scientific, Inc.* (Chemicals) | 1,289 | 5,955 | ||||||
Daseke, Inc.* (Road & Rail) | 579 | 4,852 | ||||||
Dave & Buster's Entertainment, Inc.* (Hotels, Restaurants & Leisure) | 611 | 22,827 | ||||||
Day One Biopharmaceuticals, Inc.* (Biotechnology) | 332 | 5,687 | ||||||
Deciphera Pharmaceuticals, Inc.* (Biotechnology) | 641 | 8,134 | ||||||
Delek US Holdings, Inc. (Oil, Gas & Consumable Fuels) | 1,004 | 26,767 | ||||||
Deluxe Corp. (Commercial Services & Supplies) | 616 | 15,486 | ||||||
Denali Therapeutics, Inc.* (Biotechnology) | 1,403 | 47,730 | ||||||
Denbury, Inc.* (Oil, Gas & Consumable Fuels) | 723 | 51,991 | ||||||
Denny's Corp.* (Hotels, Restaurants & Leisure) | 855 | 8,302 | ||||||
Design Therapeutics, Inc.* (Biotechnology) | 482 | 9,457 | ||||||
Designer Brands, Inc. (Specialty Retail) | 823 | 11,876 | ||||||
Desktop Metal, Inc.* - Class A (Machinery) | 3,764 | 8,017 | ||||||
Destination XL Group, Inc.* (Specialty Retail) | 850 | 3,519 | ||||||
DHI Group, Inc.* (Interactive Media & Services) | 608 | 2,973 | ||||||
DHT Holdings, Inc. (Oil, Gas & Consumable Fuels) | 1,997 | 13,120 | ||||||
Diamond Hill Investment Group, Inc. (Capital Markets) | 43 | 8,220 | ||||||
Diamond Offshore Drilling, Inc.* (Energy Equipment & Services) | 1,421 | 9,592 | ||||||
DiamondRock Hospitality Co.* (Equity Real Estate Investment Trusts (REITs)) | 2,986 | 27,710 | ||||||
DICE Therapeutics, Inc.* (Pharmaceuticals) | 404 | 6,965 | ||||||
Diebold Nixdorf, Inc.* (Technology Hardware, Storage & Peripherals) | 1,039 | 3,356 | ||||||
Digi International, Inc.* (Communications Equipment) | 487 | 13,875 | ||||||
Digimarc Corp.* (Software) | 195 | 2,985 | ||||||
Digital Turbine, Inc.* (Software) | 1,311 | 26,312 | ||||||
DigitalBridge Group, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 8,417 | 46,125 | ||||||
DigitalOcean Holdings, Inc.* (IT Services) | 1,086 | 44,504 | ||||||
Dillard's, Inc. - Class A (Multiline Retail) | 61 | 13,868 | ||||||
Dime Community Bancshares, Inc. (Banks) | 475 | 16,188 | ||||||
Dine Brands Global, Inc. (Hotels, Restaurants & Leisure) | 225 | 16,045 | ||||||
Diodes, Inc.* (Semiconductors & Semiconductor Equipment) | 634 | 51,589 | ||||||
Diversey Holdings, Ltd.* (Chemicals) | 1,112 | 8,329 | ||||||
Diversified Healthcare Trust (Equity Real Estate Investment Trusts (REITs)) | 3,385 | 5,856 | ||||||
DMC Global, Inc.* (Energy Equipment & Services) | 267 | 6,077 | ||||||
DocGo, Inc.* (Health Care Providers & Services) | 1,146 | 8,859 | ||||||
Doma Holdings, Inc.* (Real Estate Management & Development) | 1,947 | 1,445 | ||||||
Domo, Inc.* (Software) | 433 | 12,128 | ||||||
Donegal Group, Inc. - Class A (Insurance) | 214 | 3,030 | ||||||
Donnelley Financial Solutions, Inc.* (Capital Markets) | 394 | 13,392 | ||||||
Dorian LPG, Ltd. (Oil, Gas & Consumable Fuels) | 437 | 7,044 | ||||||
Dorman Products, Inc.* (Auto Components) | 375 | 37,909 | ||||||
Douglas Dynamics, Inc. (Machinery) | 321 | 10,227 | ||||||
Douglas Elliman, Inc. (Real Estate Management & Development) | 1,076 | 6,456 | ||||||
Dream Finders Homes, Inc.* - Class A (Household Durables) | 298 | 3,874 | ||||||
Dril-Quip, Inc.* (Energy Equipment & Services) | 486 | 12,466 | ||||||
Duck Creek Technologies, Inc.* (Software) | 1,100 | 15,180 | ||||||
Ducommun, Inc.* (Aerospace & Defense) | 158 | 7,480 | ||||||
Duluth Holdings, Inc.* - Class B (Internet & Direct Marketing Retail) | 186 | 1,793 | ||||||
Duolingo, Inc.* (Diversified Consumer Services) | 335 | 30,736 | ||||||
DXP Enterprises, Inc.* (Trading Companies & Distributors) | 216 | 7,344 | ||||||
Dycom Industries, Inc.* (Construction & Engineering) | 411 | 42,399 | ||||||
Dynavax Technologies Corp.* (Biotechnology) | 1,684 | 24,216 | ||||||
Dyne Therapeutics, Inc.* (Biotechnology) | 450 | 4,721 | ||||||
Dynex Capital, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 517 | 8,686 | ||||||
DZS, Inc.* (Communications Equipment) | 248 | 4,648 | ||||||
E2open Parent Holdings, Inc.* (Software) | 2,836 | 19,143 | ||||||
Eagle Bancorp, Inc. (Banks) | 452 | 22,162 | ||||||
Eagle Bulk Shipping, Inc. (Marine) | 192 | 10,163 | ||||||
Eagle Pharmaceuticals, Inc.* (Biotechnology) | 148 | 5,876 | ||||||
Earthstone Energy, Inc.* - Class A (Oil, Gas & Consumable Fuels) | 616 | 8,741 | ||||||
Easterly Government Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,298 | 26,310 | ||||||
Eastern Bankshares, Inc. (Banks) | 2,289 | 46,696 | ||||||
Eastman Kodak Co.* (Technology Hardware, Storage & Peripherals) | 813 | 4,480 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Ebix, Inc. (Software) | 375 | $ | 8,873 | |||||
EchoStar Corp.* - Class A (Diversified Telecommunication Services) | 502 | 9,920 | ||||||
Ecovyst, Inc. (Chemicals) | 911 | 9,320 | ||||||
Edgewell Personal Care Co. (Personal Products) | 766 | 30,471 | ||||||
Edgewise Therapeutics, Inc.* (Pharmaceuticals) | 423 | 4,090 | ||||||
Editas Medicine, Inc.* (Biotechnology) | 983 | 15,640 | ||||||
eGain Corp.* (Software) | 297 | 2,631 | ||||||
eHealth, Inc.* (Insurance) | 346 | 2,560 | ||||||
Eiger Biopharmaceuticals, Inc.* (Biotechnology) | 583 | 5,066 | ||||||
El Pollo Loco Holdings, Inc.* (Hotels, Restaurants & Leisure) | 277 | 2,692 | ||||||
elf Beauty, Inc.* (Personal Products) | 690 | 23,136 | ||||||
Ellington Financial, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 809 | 12,984 | ||||||
Embecta Corp.* (Health Care Equipment & Supplies) | 816 | 24,015 | ||||||
EMCOR Group, Inc. (Construction & Engineering) | 722 | 84,019 | ||||||
Emergent BioSolutions, Inc.* (Biotechnology) | 716 | 24,802 | ||||||
Empire Petroleum Corp.* (Oil, Gas & Consumable Fuels) | 97 | 1,067 | ||||||
Empire State Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,967 | 16,779 | ||||||
Employers Holdings, Inc. (Insurance) | 393 | 15,606 | ||||||
Enact Holdings, Inc. (Thrifts & Mortgage Finance) | 428 | 9,861 | ||||||
Enanta Pharmaceuticals, Inc.* (Biotechnology) | 278 | 15,332 | ||||||
Encore Capital Group, Inc.* (Consumer Finance) | 342 | 24,771 | ||||||
Encore Wire Corp. (Electrical Equipment) | 271 | 37,525 | ||||||
Endo International PLC* (Pharmaceuticals) | 3,332 | 1,767 | ||||||
Energizer Holdings, Inc. (Household Products) | 949 | 28,024 | ||||||
Energy Fuels, Inc.* (Oil, Gas & Consumable Fuels) | 2,221 | 14,903 | ||||||
Energy Recovery, Inc.* (Machinery) | 795 | 17,673 | ||||||
Energy Vault Holdings, Inc.* (Electrical Equipment) | 359 | 1,598 | ||||||
Enerpac Tool Group Corp. (Machinery) | 866 | 17,580 | ||||||
EnerSys (Electrical Equipment) | 590 | 38,887 | ||||||
Eneti, Inc. (Marine) | 325 | 2,087 | ||||||
Enfusion, Inc.* - Class A (Software) | 363 | 4,175 | ||||||
EngageSmart, Inc.* (Software) | 497 | 9,378 | ||||||
Ennis, Inc. (Commercial Services & Supplies) | 362 | 7,910 | ||||||
Enochian Biosciences, Inc.* (Biotechnology) | 280 | 644 | ||||||
Enova International, Inc.* (Consumer Finance) | 454 | 15,668 | ||||||
Enovix Corp.* (Electrical Equipment) | 1,548 | 20,619 | ||||||
EnPro Industries, Inc. (Machinery) | 296 | 27,670 | ||||||
Enstar Group, Ltd.* (Insurance) | 165 | 32,657 | ||||||
Entercom Communications Corp.* (Media) | 1,698 | 1,082 | ||||||
Enterprise Bancorp, Inc. (Banks) | 133 | 4,229 | ||||||
Enterprise Financial Services Corp. (Banks) | 502 | 23,609 | ||||||
Entravision Communications Corp. - Class A (Media) | 845 | 4,529 | ||||||
Envestnet, Inc.* (Software) | 782 | 45,567 | ||||||
ePlus, Inc.* (Electronic Equipment, Instruments & Components) | 377 | 20,950 | ||||||
EQRx, Inc.* (Biotechnology) | 1,946 | 10,606 | ||||||
Equitrans Midstream Corp. (Oil, Gas & Consumable Fuels) | 5,853 | 45,946 | ||||||
Equity Bancshares, Inc. - Class A (Banks) | 219 | 6,997 | ||||||
Equity Commonwealth* (Equity Real Estate Investment Trusts (REITs)) | 1,536 | 43,085 | ||||||
Erasca, Inc.* (Biotechnology) | 923 | 6,959 | ||||||
Ermenegildo Zegna Holditalia SpA (Consumer Discretionary Products) | 673 | 7,403 | ||||||
ESCO Technologies, Inc. (Machinery) | 367 | 28,461 | ||||||
Esperion Therapeutics, Inc.* (Biotechnology) | 898 | 5,181 | ||||||
Esquire Financial Holdings, Inc. (Banks) | 99 | 3,586 | ||||||
ESS Tech, Inc.* (Electrical Equipment) | 1,147 | 4,359 | ||||||
Essent Group, Ltd. (Thrifts & Mortgage Finance) | 1,500 | 62,640 | ||||||
Essential Properties Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,859 | 44,839 | ||||||
Ethan Allen Interiors, Inc. (Household Durables) | 322 | 7,403 | ||||||
European Wax Center, Inc. - Class A (Diversified Consumer Services) | 301 | 6,297 | ||||||
Eventbrite, Inc.* (Interactive Media & Services) | 1,098 | 10,277 | ||||||
Everbridge, Inc.* (Software) | 564 | 14,179 | ||||||
EverCommerce, Inc.* (Software) | 344 | 3,949 | ||||||
Everi Holdings, Inc.* (Hotels, Restaurants & Leisure) | 1,251 | 24,032 | ||||||
EverQuote, Inc.* - Class A (Interactive Media & Services) | 276 | 2,884 | ||||||
EVERTEC, Inc. (IT Services) | 856 | 33,375 | ||||||
EVgo, Inc.* (Specialty Retail) | 968 | 8,683 | ||||||
Evo Payments, Inc.* (IT Services) | 673 | 18,400 | ||||||
Evolent Health, Inc.* (Health Care Technology) | 1,167 | 39,666 | ||||||
Evolus, Inc.* (Pharmaceuticals) | 504 | 6,214 | ||||||
Evolv Technologies Holdings, Inc.* (Electronic Equipment, Instruments & Components) | 1,196 | 3,217 | ||||||
Evoqua Water Technologies Corp.* (Machinery) | 1,675 | 63,833 | ||||||
Excelerate Energy, Inc.* - Class A (Oil, Gas & Consumable Fuels) | 264 | 5,845 | ||||||
ExlService Holdings, Inc.* (IT Services) | 461 | 77,618 | ||||||
eXp World Holdings, Inc. (Real Estate Management & Development) | 976 | 14,503 | ||||||
Exponent, Inc. (Professional Services) | 734 | 73,760 | ||||||
Express, Inc.* (Specialty Retail) | 913 | 1,543 | ||||||
Expro Group Holdings N.V.* (Energy Equipment & Services) | 1,104 | 13,447 | ||||||
Extreme Networks, Inc.* (Communications Equipment) | 1,819 | 23,793 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
EyePoint Pharmaceuticals, Inc.* (Pharmaceuticals) | 371 | $ | 3,387 | |||||
EZCORP, Inc.* - Class A (Consumer Finance) | 711 | 5,716 | ||||||
F45 Training Holdings, Inc.* (Hotels, Restaurants & Leisure) | 515 | 1,015 | ||||||
Fabrinet* (Electronic Equipment, Instruments & Components) | 526 | 50,528 | ||||||
Faraday Future Intelligent Electric, Inc.* (Automobiles) | 1,414 | 3,125 | ||||||
Farmers & Merchants Bancorp, Inc. (Banks) | 172 | 5,272 | ||||||
Farmers National Bancorp (Banks) | 448 | 6,362 | ||||||
Farmland Partners, Inc. (Equity Real Estate Investment Trusts (REITs)) | 651 | 9,661 | ||||||
FARO Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 261 | 8,488 | ||||||
Fastly, Inc.* - Class A (IT Services) | 1,589 | 18,067 | ||||||
Fate Therapeutics, Inc.* (Biotechnology) | 1,183 | 36,117 | ||||||
Fathom Digital Manufacturing C* (Machinery) | 143 | 612 | ||||||
FB Financial Corp. (Banks) | 516 | 22,111 | ||||||
Federal Agricultural Mortgage Corp. (Thrifts & Mortgage Finance) | 130 | 14,338 | ||||||
Federal Signal Corp. (Machinery) | 850 | 35,292 | ||||||
Federated Hermes, Inc. - Class B (Capital Markets) | 1,250 | 42,638 | ||||||
FibroGen, Inc.* (Biotechnology) | 1,245 | 15,662 | ||||||
Figs, Inc.* - Class A (Health Care Equipment & Supplies) | 1,815 | 19,185 | ||||||
Finance Of America Cos., Inc.* - Class A (Thrifts & Mortgage Finance) | 552 | 977 | ||||||
Financial Institutions, Inc. (Banks) | 215 | 5,700 | ||||||
First Advantage Corp.* (Professional Services) | 837 | 11,743 | ||||||
First Bancorp (Banks) | 2,791 | 42,116 | ||||||
First Bancorp (Banks) | 502 | 19,016 | ||||||
First Bank/Hamilton NJ (Banks) | 221 | 3,328 | ||||||
First Busey Corp. (Banks) | 735 | 18,118 | ||||||
First Business Financial Services, Inc. (Banks) | 114 | 3,813 | ||||||
First Commonwealth Financial Corp. (Banks) | 1,330 | 19,711 | ||||||
First Community Bancshares, Inc. (Banks) | 233 | 7,475 | ||||||
First Financial Bancorp (Banks) | 1,327 | 29,645 | ||||||
First Financial Bankshares, Inc. (Banks) | 1,850 | 81,732 | ||||||
First Financial Corp. (Banks) | 163 | 7,615 | ||||||
First Foundation, Inc. (Banks) | 728 | 15,157 | ||||||
First Guaranty Bancshares, Inc. (Banks) | 87 | 2,159 | ||||||
First Internet Bancorp (Banks) | 129 | 4,573 | ||||||
First Interstate BancSystem, Inc. - Class A (Banks) | 1,334 | 54,401 | ||||||
First Merchants Corp. (Banks) | 815 | 33,847 | ||||||
First Mid Bancshares, Inc. (Banks) | 265 | 9,956 | ||||||
First Watch Restaurant Group, Inc.* (Hotels, Restaurants & Leisure) | 141 | 2,343 | ||||||
First Western Financial, Inc.* (Banks) | 112 | 3,135 | ||||||
FirstCash Holdings, Inc. (Consumer Finance) | 549 | 40,220 | ||||||
Fisker, Inc.* (Automobiles) | 2,314 | 22,168 | ||||||
Five Star Bancorp (Banks) | 179 | 4,720 | ||||||
Flagstar Bancorp, Inc. (Thrifts & Mortgage Finance) | 744 | 30,653 | ||||||
FLEX LNG, Ltd. (Oil, Gas & Consumable Fuels) | 406 | 12,935 | ||||||
Fluence Energy, Inc.* (Electrical Equipment) | 511 | 7,021 | ||||||
Fluor Corp.* (Construction & Engineering) | 2,027 | 51,506 | ||||||
Flushing Financial Corp. (Banks) | 409 | 8,830 | ||||||
Flywire Corp.* (IT Services) | 787 | 18,463 | ||||||
Focus Financial Partners, Inc.* (Capital Markets) | 826 | 33,395 | ||||||
Focus Universal, Inc.* (Electronic Equipment, Instruments & Components) | 252 | 3,510 | ||||||
Foghorn Therapeutics, Inc.* (Pharmaceuticals) | 286 | 4,184 | ||||||
Foot Locker, Inc. (Specialty Retail) | 1,183 | 33,562 | ||||||
Forestar Group, Inc.* (Real Estate Management & Development) | 260 | 3,598 | ||||||
ForgeRock, Inc.* - Class A (Software) | 397 | 8,047 | ||||||
Forma Therapeutics Holdings, Inc.* (Biotechnology) | 514 | 4,256 | ||||||
FormFactor, Inc.* (Semiconductors & Semiconductor Equipment) | 1,111 | 39,507 | ||||||
Forrester Research, Inc.* (Professional Services) | 161 | 7,485 | ||||||
Forward Air Corp. (Air Freight & Logistics) | 382 | 40,083 | ||||||
Fossil Group, Inc.* (Textiles, Apparel & Luxury Goods) | 664 | 4,004 | ||||||
Four Corners Property Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,141 | 33,351 | ||||||
Fox Factory Holding Corp.* (Auto Components) | 604 | 57,174 | ||||||
Franchise Group, Inc. (Diversified Consumer Services) | 392 | 12,909 | ||||||
Franklin BSP Realty Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 1,199 | 18,405 | ||||||
Franklin Covey Co.* (Professional Services) | 179 | 9,367 | ||||||
Franklin Electric Co., Inc. (Machinery) | 657 | 59,668 | ||||||
Franklin Street Properties Corp. (Equity Real Estate Investment Trusts (REITs)) | 1,405 | 5,325 | ||||||
Fresh Del Monte Produce, Inc. (Food Products) | 434 | 12,894 | ||||||
Frontdoor, Inc.* (Diversified Consumer Services) | 1,178 | 31,535 | ||||||
Frontier Group Holdings, Inc.* (Airlines) | 531 | 7,689 | ||||||
Frontline, Ltd.* (Oil, Gas & Consumable Fuels) | 1,775 | 17,022 | ||||||
FRP Holdings, Inc.* (Real Estate Management & Development) | 96 | 5,664 | ||||||
FTC Solar, Inc.* (Electrical Equipment) | 589 | 2,957 | ||||||
fuboTV, Inc.* (Interactive Media & Services) | 2,535 | 6,363 | ||||||
FuelCell Energy, Inc.* (Electrical Equipment) | 5,259 | 18,880 | ||||||
Fulcrum Therapeutics, Inc.* (Pharmaceuticals) | 486 | 2,858 | ||||||
Fulgent Genetics, Inc.* (Health Care Providers & Services) | 307 | 18,343 | ||||||
Full House Resorts, Inc.* (Hotels, Restaurants & Leisure) | 468 | 2,906 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Fulton Financial Corp. (Banks) | 2,234 | $ | 37,285 | |||||
Funko, Inc.* (Distributors) | 454 | 11,900 | ||||||
FutureFuel Corp. (Chemicals) | 368 | 2,646 | ||||||
FVCBankcorp, Inc.* (Banks) | 170 | 3,256 | ||||||
Gambling.com Group, Ltd.* (Media) | 124 | 962 | ||||||
GAMCO Investors, Inc. - Class A (Capital Markets) | 68 | 1,410 | ||||||
Gannett Co., Inc.* (Media) | 2,050 | 6,171 | ||||||
GATX Corp. (Trading Companies & Distributors) | 505 | 50,626 | ||||||
GCM Grosvenor, Inc. - Class A (Capital Markets) | 609 | 4,817 | ||||||
GCP Applied Technologies, Inc.* (Chemicals) | 708 | 22,302 | ||||||
Gelesis Holdings, Inc.* (Biotechnology) | 139 | 200 | ||||||
Genco Shipping & Trading, Ltd. (Marine) | 522 | 10,064 | ||||||
Generation Bio Co.* (Biotechnology) | 662 | 4,224 | ||||||
Genesco, Inc.* (Specialty Retail) | 187 | 10,481 | ||||||
Gentherm, Inc.* (Auto Components) | 472 | 30,472 | ||||||
Genworth Financial, Inc.* (Insurance) | 7,246 | 30,796 | ||||||
German American Bancorp, Inc. (Banks) | 394 | 14,909 | ||||||
Geron Corp.* (Biotechnology) | 5,113 | 9,715 | ||||||
Getty Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 601 | 17,633 | ||||||
Gevo, Inc.* (Oil, Gas & Consumable Fuels) | 2,801 | 8,235 | ||||||
Gibraltar Industries, Inc.* (Building Products) | 469 | 21,945 | ||||||
G-III Apparel Group, Ltd.* (Textiles, Apparel & Luxury Goods) | 622 | 13,740 | ||||||
Glacier Bancorp, Inc. (Banks) | 1,582 | 79,241 | ||||||
Gladstone Commercial Corp. (Equity Real Estate Investment Trusts (REITs)) | 544 | 11,397 | ||||||
Gladstone Land Corp. (Equity Real Estate Investment Trusts (REITs)) | 459 | 12,443 | ||||||
Glatfelter Corp. (Paper & Forest Products) | 627 | 3,850 | ||||||
Glaukos Corp.* (Health Care Equipment & Supplies) | 651 | 35,056 | ||||||
Global Blood Therapeutics, Inc.* (Biotechnology) | 888 | 29,055 | ||||||
Global Industrial Co. (Trading Companies & Distributors) | 186 | 6,650 | ||||||
Global Medical REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 869 | 10,584 | ||||||
Global Net Lease, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,483 | 22,378 | ||||||
Global Water Resources, Inc. (Water Utilities) | 183 | 2,421 | ||||||
Globalstar, Inc.* (Diversified Telecommunication Services) | 9,737 | 13,632 | ||||||
GMS, Inc.* (Trading Companies & Distributors) | 616 | 32,691 | ||||||
Gogo, Inc.* (Wireless Telecommunication Services) | 712 | 12,360 | ||||||
Golar LNG, Ltd.* (Oil, Gas & Consumable Fuels) | 1,437 | 32,146 | ||||||
Golden Entertainment, Inc.* (Hotels, Restaurants & Leisure) | 291 | 12,766 | ||||||
Golden Ocean Group, Ltd. (Marine) | 1,747 | 19,077 | ||||||
Goosehead Insurance, Inc. (Insurance) | 271 | 15,233 | ||||||
GoPro, Inc.* - Class A (Household Durables) | 1,861 | 11,836 | ||||||
Gossamer Bio, Inc.* (Biotechnology) | 897 | 10,073 | ||||||
GrafTech International, Ltd. (Electrical Equipment) | 2,797 | 21,537 | ||||||
Graham Holdings Co. - Class B (Diversified Consumer Services) | 54 | 32,102 | ||||||
Granite Construction, Inc. (Construction & Engineering) | 648 | 19,375 | ||||||
Granite Point Mortgage Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 761 | 8,074 | ||||||
Gray Television, Inc. (Media) | 1,204 | 22,358 | ||||||
Great Lakes Dredge & Dock Corp.* (Construction & Engineering) | 931 | 12,038 | ||||||
Great Southern Bancorp, Inc. (Banks) | 136 | 8,424 | ||||||
Green Brick Partners, Inc.* (Household Durables) | 407 | 10,908 | ||||||
Green Dot Corp.* - Class A (Consumer Finance) | 692 | 19,445 | ||||||
Green Plains, Inc.* (Oil, Gas & Consumable Fuels) | 750 | 27,015 | ||||||
Greene County Bancorp, Inc. (Thrifts & Mortgage Finance) | 48 | 2,202 | ||||||
Greenidge Generation Holdings, Inc.* (Software) | 182 | 542 | ||||||
GreenLight Biosciences Holdings PBC* (Biotechnology) | 199 | 422 | ||||||
Greenlight Capital Re, Ltd.* - Class A (Insurance) | 372 | 2,675 | ||||||
Greif, Inc. - Class A (Containers & Packaging) | 368 | 25,989 | ||||||
Greif, Inc. - Class B (Containers & Packaging) | 76 | 5,306 | ||||||
Grid Dynamics Holdings, Inc.* (IT Services) | 692 | 13,058 | ||||||
Griffon Corp. (Building Products) | 656 | 19,687 | ||||||
Group 1 Automotive, Inc. (Specialty Retail) | 229 | 40,514 | ||||||
Groupon, Inc.* (Internet & Direct Marketing Retail) | 307 | 3,254 | ||||||
GrowGeneration Corp.* (Specialty Retail) | 817 | 3,962 | ||||||
Guaranty Bancshares, Inc. (Banks) | 118 | 4,410 | ||||||
Guess?, Inc. (Specialty Retail) | 484 | 9,152 | ||||||
Gulfport Energy Corp.* (Oil, Gas & Consumable Fuels) | 169 | 15,555 | ||||||
H&E Equipment Services, Inc. (Trading Companies & Distributors) | 455 | 16,266 | ||||||
H.B. Fuller Co. (Chemicals) | 756 | 48,535 | ||||||
Haemonetics Corp.* (Health Care Equipment & Supplies) | 723 | 50,241 | ||||||
Halozyme Therapeutics, Inc.* (Biotechnology) | 1,932 | 94,474 | ||||||
Hamilton Lane, Inc. (Capital Markets) | 503 | 38,012 | ||||||
Hancock Whitney Corp. (Banks) | 1,228 | 59,939 | ||||||
Hanger, Inc.* (Health Care Providers & Services) | 539 | 10,009 | ||||||
Hanmi Financial Corp. (Banks) | 431 | 10,891 | ||||||
Hannon Armstrong Sustainable Infrastructure Capital, Inc. - Class I (Mortgage Real Estate Investment Trusts (REITs)) | 1,213 | 43,777 | ||||||
HarborOne Bancorp, Inc. (Banks) | 649 | 9,411 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Harmonic, Inc.* (Communications Equipment) | 1,310 | $ | 14,305 | |||||
Harmony Biosciences Holdings, Inc.* (Pharmaceuticals) | 373 | 18,922 | ||||||
Harsco Corp.* (Machinery) | 1,118 | 5,378 | ||||||
Haverty Furniture Cos., Inc. (Specialty Retail) | 215 | 5,876 | ||||||
Hawaiian Holdings, Inc.* (Airlines) | 722 | 10,801 | ||||||
Hawkins, Inc. (Chemicals) | 276 | 10,971 | ||||||
Haynes International, Inc. (Metals & Mining) | 174 | 6,727 | ||||||
HBT Financial, Inc. (Banks) | 144 | 2,684 | ||||||
HCI Group, Inc. (Insurance) | 103 | 7,052 | ||||||
Health Catalyst, Inc.* (Health Care Technology) | 770 | 12,890 | ||||||
Healthcare Services Group, Inc. (Commercial Services & Supplies) | 1,056 | 15,143 | ||||||
HealthEquity, Inc.* (Health Care Providers & Services) | 1,181 | 68,699 | ||||||
HealthStream, Inc.* (Health Care Technology) | 344 | 8,277 | ||||||
Heartland Express, Inc. (Road & Rail) | 665 | 10,560 | ||||||
Heartland Financial USA, Inc. (Banks) | 584 | 26,222 | ||||||
Hecla Mining Co. (Metals & Mining) | 7,613 | 34,487 | ||||||
Heidrick & Struggles International, Inc. (Professional Services) | 278 | 8,657 | ||||||
Helen of Troy, Ltd.* (Household Durables) | 338 | 45,221 | ||||||
Heliogen, Inc.* (Electrical Equipment) | 271 | 669 | ||||||
Helios Technologies, Inc. (Machinery) | 463 | 31,864 | ||||||
Helix Energy Solutions Group, Inc.* (Energy Equipment & Services) | 2,035 | 8,221 | ||||||
Helmerich & Payne, Inc. (Energy Equipment & Services) | 1,464 | 67,783 | ||||||
Herbalife Nutrition, Ltd.* (Personal Products) | 1,410 | 34,418 | ||||||
Herc Holdings, Inc. (Trading Companies & Distributors) | 365 | 45,267 | ||||||
Heritage Commerce Corp. (Banks) | 836 | 9,848 | ||||||
Heritage Financial Corp. (Banks) | 493 | 12,828 | ||||||
Heritage-Crystal Clean, Inc.* (Commercial Services & Supplies) | 224 | 7,517 | ||||||
Heron Therapeutics, Inc.* (Biotechnology) | 1,464 | 4,070 | ||||||
Hersha Hospitality Trust* (Equity Real Estate Investment Trusts (REITs)) | 447 | 4,506 | ||||||
Heska Corp.* (Health Care Equipment & Supplies) | 137 | 12,534 | ||||||
HF Foods Group, Inc.* (Food & Staples Retailing) | 515 | 2,709 | ||||||
Hibbett, Inc. (Specialty Retail) | 182 | 8,539 | ||||||
HighPeak Energy, Inc. (Oil, Gas & Consumable Fuels) | 91 | 2,237 | ||||||
Hillenbrand, Inc. (Machinery) | 1,034 | 47,771 | ||||||
HilleVax, Inc.* (Biotechnology) | 185 | 2,501 | ||||||
Hillman Solutions Corp.* (Machinery) | 1,916 | 19,831 | ||||||
Hilltop Holdings, Inc. (Banks) | 873 | 25,186 | ||||||
Hilton Grand Vacations, Inc.* (Hotels, Restaurants & Leisure) | 1,277 | 52,063 | ||||||
Hims & Hers Health, Inc.* (Health Care Providers & Services) | 1,727 | 10,690 | ||||||
Hingham Institution For Savings The (Thrifts & Mortgage Finance) | 21 | 6,090 | ||||||
Hippo Holdings, Inc.* (Insurance) | 3,622 | 3,093 | ||||||
HireRight Holdings Corp.* (Professional Services) | 302 | 4,488 | ||||||
HNI Corp. (Commercial Services & Supplies) | 601 | 21,227 | ||||||
Holley, Inc.* (Auto Components) | 732 | 5,849 | ||||||
Home Bancorp, Inc. (Thrifts & Mortgage Finance) | 104 | 3,918 | ||||||
Home BancShares, Inc. (Banks) | 2,707 | 63,885 | ||||||
Home Point Capital, Inc. (Thrifts & Mortgage Finance) | 113 | 416 | ||||||
HomeStreet, Inc. (Thrifts & Mortgage Finance) | 256 | 9,546 | ||||||
HomeTrust Bancshares, Inc. (Banks) | 207 | 4,997 | ||||||
Hope Bancorp, Inc. (Banks) | 1,650 | 24,816 | ||||||
Horace Mann Educators Corp. (Insurance) | 592 | 20,276 | ||||||
Horizon Bancorp, Inc. (Banks) | 574 | 10,946 | ||||||
Hostess Brands, Inc.* (Food Products) | 1,963 | 44,403 | ||||||
Houlihan Lokey, Inc. (Capital Markets) | 726 | 61,392 | ||||||
Hovnanian Enterprises, Inc.* - Class A (Household Durables) | 73 | 3,541 | ||||||
Hub Group, Inc.* - Class A (Air Freight & Logistics) | 478 | 36,519 | ||||||
Hudson Technologies, Inc.* (Commercial Services & Supplies) | 614 | 5,471 | ||||||
Humacyte, Inc.* (Biotechnology) | 251 | 873 | ||||||
Huron Consulting Group, Inc.* (Professional Services) | 299 | 20,063 | ||||||
Hycroft Mining Holding Corp.* (Metals & Mining) | 2,148 | 2,212 | ||||||
Hydrofarm Holdings Group, Inc.* (Machinery) | 621 | 2,006 | ||||||
Hyliion Holdings Corp.* (Machinery) | 1,889 | 7,424 | ||||||
Hyster-Yale Materials Handling, Inc. (Machinery) | 155 | 5,361 | ||||||
Hyzon Motors, Inc.* (Machinery) | 1,249 | 5,021 | ||||||
I3 Verticals, Inc.* - Class A (IT Services) | 313 | 8,492 | ||||||
IBEX Holdings, Ltd.* (Commercial Services & Supplies) | 80 | 1,445 | ||||||
ICF International, Inc. (Professional Services) | 263 | 24,814 | ||||||
Ichor Holdings, Ltd.* (Semiconductors & Semiconductor Equipment) | 399 | 12,473 | ||||||
Icosavax, Inc.* (Biotechnology) | 316 | 2,212 | ||||||
Ideaya Biosciences, Inc.* (Biotechnology) | 506 | 7,550 | ||||||
Identiv, Inc.* (Electronic Equipment, Instruments & Components) | 314 | 4,252 | ||||||
IDT Corp.* - Class B (Diversified Telecommunication Services) | 206 | 5,362 | ||||||
IES Holdings, Inc.* (Construction & Engineering) | 126 | 4,158 | ||||||
IGM Biosciences, Inc.* (Biotechnology) | 142 | 2,288 | ||||||
iHeartMedia, Inc.* - Class A (Media) | 1,716 | 12,836 | ||||||
Imago Biosciences, Inc.* (Biotechnology) | 374 | 6,021 | ||||||
IMAX Corp.* (Entertainment) | 699 | 11,750 | ||||||
ImmunityBio, Inc.* (Biotechnology) | 1,164 | 4,528 | ||||||
ImmunoGen, Inc.* (Biotechnology) | 3,056 | 14,485 | ||||||
Immunovant, Inc.* (Biotechnology) | 569 | 2,344 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Impinj, Inc.* (Semiconductors & Semiconductor Equipment) | 299 | $ | 25,421 | |||||
Inari Medical, Inc.* (Health Care Equipment & Supplies) | 687 | 53,297 | ||||||
Independence Realty Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 3,156 | 70,063 | ||||||
Independent Bank Corp. (Banks) | 287 | 6,021 | ||||||
Independent Bank Corp. (Banks) | 665 | 55,727 | ||||||
Independent Bank Group, Inc. (Banks) | 524 | 37,057 | ||||||
indie Semiconductor, Inc.* - Class A (Semiconductors & Semiconductor Equipment) | 1,420 | 10,224 | ||||||
Indus Realty Trust, Inc. (Real Estate Management & Development) | 76 | 4,642 | ||||||
Industrial Logistics Properties Trust (Equity Real Estate Investment Trusts (REITs)) | 925 | 9,278 | ||||||
Infinera Corp.* (Communications Equipment) | 2,694 | 17,646 | ||||||
Information Services Group, Inc. (IT Services) | 506 | 3,775 | ||||||
Infrastructure and Energy Alternatives, Inc.* (Construction & Engineering) | 433 | 6,114 | ||||||
Ingevity Corp.* (Chemicals) | 554 | 37,173 | ||||||
Ingles Markets, Inc. (Food & Staples Retailing) | 202 | 19,283 | ||||||
Inhibrx, Inc.* (Biotechnology) | 415 | 7,196 | ||||||
Innospec, Inc. (Chemicals) | 353 | 36,006 | ||||||
Innovage Holding Corp.* (Health Care Providers & Services) | 272 | 1,210 | ||||||
Innovative Industrial Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 396 | 38,178 | ||||||
Innovid Corp.* (Media) | 319 | 849 | ||||||
Innoviva, Inc.* (Pharmaceuticals) | 901 | 12,920 | ||||||
Inogen, Inc.* (Health Care Equipment & Supplies) | 327 | 9,097 | ||||||
Inotiv, Inc.* (Life Sciences Tools & Services) | 247 | 4,614 | ||||||
Inovio Pharmaceuticals, Inc.* (Biotechnology) | 3,128 | 6,193 | ||||||
Inseego Corp.* (Communications Equipment) | 1,226 | 2,734 | ||||||
Insight Enterprises, Inc.* (Electronic Equipment, Instruments & Components) | 447 | 41,754 | ||||||
Insmed, Inc.* (Biotechnology) | 1,698 | 37,560 | ||||||
Insperity, Inc. (Professional Services) | 516 | 56,626 | ||||||
Inspirato, Inc.* (Hotels, Restaurants & Leisure) | 146 | 734 | ||||||
Inspire Medical Systems, Inc.* (Health Care Technology) | 388 | 81,089 | ||||||
Inspired Entertainment, Inc.* (Hotels, Restaurants & Leisure) | 315 | 3,257 | ||||||
Installed Building Products, Inc. (Household Durables) | 345 | 34,990 | ||||||
Insteel Industries, Inc. (Building Products) | 267 | 8,357 | ||||||
Instil Bio, Inc.* (Biotechnology) | 990 | 5,584 | ||||||
Instructure Holdings, Inc.* (Software) | 246 | 6,012 | ||||||
Intapp, Inc.* (Software) | 200 | 3,034 | ||||||
Integer Holdings Corp.* (Health Care Equipment & Supplies) | 469 | 32,778 | ||||||
Integral Ad Science Holding Corp.* (Technology Hardware, Storage & Peripherals) | 543 | 5,142 | ||||||
Intellia Therapeutics, Inc.* (Biotechnology) | 1,073 | 69,487 | ||||||
Inter Parfums, Inc. (Personal Products) | 256 | 21,368 | ||||||
Intercept Pharmaceuticals, Inc.* (Biotechnology) | 348 | 4,440 | ||||||
InterDigital, Inc. (Communications Equipment) | 440 | 27,012 | ||||||
Interface, Inc. (Commercial Services & Supplies) | 834 | 12,085 | ||||||
International Bancshares Corp. (Banks) | 774 | 33,948 | ||||||
International Game Technology PLC (Hotels, Restaurants & Leisure) | 1,419 | 26,890 | ||||||
International Money Express, Inc.* (IT Services) | 463 | 11,131 | ||||||
International Seaways, Inc. (Oil, Gas & Consumable Fuels) | 702 | 16,602 | ||||||
Intra-Cellular Therapies, Inc.* (Pharmaceuticals) | 1,304 | 70,572 | ||||||
Intrepid Potash, Inc.* (Chemicals) | 159 | 7,250 | ||||||
InvenTrust Properties Corp. (Equity Real Estate Investment Trusts (REITs)) | 965 | 27,667 | ||||||
Invesco Mortgage Capital, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 474 | 8,381 | ||||||
Investors Title Co. (Insurance) | 19 | 2,831 | ||||||
Invitae Corp.* (Biotechnology) | 3,276 | 6,224 | ||||||
IonQ, Inc.* (Technology Hardware, Storage & Peripherals) | 1,691 | 9,131 | ||||||
Iovance Biotherapeutics, Inc.* (Biotechnology) | 2,146 | 25,001 | ||||||
iRadimed Corp. (Health Care Equipment & Supplies) | 101 | 4,267 | ||||||
iRhythm Technologies, Inc.* (Health Care Equipment & Supplies) | 425 | 65,718 | ||||||
Iridium Communications, Inc.* (Diversified Telecommunication Services) | 1,813 | 81,058 | ||||||
iRobot Corp.* (Household Durables) | 382 | 17,576 | ||||||
IronNet, Inc.* (Software) | 922 | 2,047 | ||||||
Ironwood Pharmaceuticals, Inc.* (Biotechnology) | 1,946 | 22,282 | ||||||
iStar, Inc. (Equity Real Estate Investment Trusts (REITs)) | 943 | 15,758 | ||||||
iTeos Therapeutics, Inc.* (Biotechnology) | 335 | 8,194 | ||||||
Itron, Inc.* (Electronic Equipment, Instruments & Components) | 642 | 37,493 | ||||||
IVERIC bio, Inc.* (Biotechnology) | 1,664 | 17,788 | ||||||
J & J Snack Foods Corp. (Food Products) | 216 | 29,270 | ||||||
Jack in the Box, Inc. (Hotels, Restaurants & Leisure) | 301 | 20,811 | ||||||
Jackson Financial, Inc. - Class A (Diversified Financial Services) | 1,075 | 29,574 | ||||||
James River Group Holdings, Ltd. (Insurance) | 524 | 12,450 | ||||||
Janus International Group, Inc.* (Building Products) | 1,163 | 11,828 | ||||||
Janux Therapeutics, Inc.* (Biotechnology) | 244 | 3,030 | ||||||
JELD-WEN Holding, Inc.* (Building Products) | 1,228 | 21,834 | ||||||
JOANN, Inc. (Specialty Retail) | 157 | 1,419 | ||||||
Joby Aviation, Inc.* (Airlines) | 3,576 | 19,811 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
John B Sanfilippo & Son, Inc. (Food Products) | 127 | $ | 9,512 | |||||
John Bean Technologies Corp. (Machinery) | 450 | 50,540 | ||||||
John Marshall Bancorp, Inc. (Banks) | 162 | 4,223 | ||||||
John Wiley & Sons, Inc. - Class A (Media) | 611 | 31,906 | ||||||
Johnson Outdoors, Inc. - Class A (Leisure Products) | 76 | 5,116 | ||||||
Jounce Therapeutics, Inc.* (Biotechnology) | 599 | 1,839 | ||||||
Kadant, Inc. (Machinery) | 165 | 33,635 | ||||||
Kaiser Aluminum Corp. (Metals & Mining) | 226 | 17,124 | ||||||
Kaleyra, Inc.* (Software) | 419 | 951 | ||||||
KalVista Pharmaceuticals, Inc.* (Biotechnology) | 348 | 4,298 | ||||||
Kaman Corp. - Class A (Trading Companies & Distributors) | 399 | 12,281 | ||||||
KAR Auction Services, Inc.* (Commercial Services & Supplies) | 1,716 | 29,344 | ||||||
Karat Packaging, Inc.* (Trading Companies & Distributors) | 80 | 1,522 | ||||||
Karuna Therapeutics, Inc.* (Biotechnology) | 374 | 48,714 | ||||||
Karyopharm Therapeutics, Inc.* (Biotechnology) | 1,084 | 4,607 | ||||||
KB Home (Household Durables) | 1,139 | 37,177 | ||||||
Kearny Financial Corp. (Thrifts & Mortgage Finance) | 882 | 10,328 | ||||||
Kelly Services, Inc. - Class A (Professional Services) | 501 | 10,862 | ||||||
Kennametal, Inc. (Machinery) | 1,177 | 31,602 | ||||||
Kennedy-Wilson Holdings, Inc. (Real Estate Management & Development) | 1,681 | 34,729 | ||||||
Keros Therapeutics, Inc.* (Biotechnology) | 239 | 7,667 | ||||||
Kezar Life Sciences, Inc.* (Biotechnology) | 662 | 6,468 | ||||||
Kforce, Inc. (Professional Services) | 291 | 19,162 | ||||||
Kimball Electronics, Inc.* (Electronic Equipment, Instruments & Components) | 341 | 7,502 | ||||||
Kimball International, Inc. - Class B (Commercial Services & Supplies) | 514 | 4,210 | ||||||
Kinetik Holdings, Inc. - Class A (Oil, Gas & Consumable Fuels) | 236 | 9,600 | ||||||
Kiniksa Pharmaceuticals, Ltd.* - Class A (Biotechnology) | 443 | 4,390 | ||||||
Kinnate Biopharma, Inc.* (Biotechnology) | �� | 416 | 4,451 | |||||
Kinsale Capital Group, Inc. (Insurance) | 308 | 74,909 | ||||||
Kite Realty Group Trust (Equity Real Estate Investment Trusts (REITs)) | 3,102 | 61,699 | ||||||
KKR Real Estate Finance Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 737 | 14,364 | ||||||
KnowBe4, Inc.* - Class A (Software) | 1,037 | 14,819 | ||||||
Knowles Corp.* (Electronic Equipment, Instruments & Components) | 1,275 | 25,181 | ||||||
Kodiak Sciences, Inc.* (Biotechnology) | 474 | 4,716 | ||||||
Kontoor Brands, Inc. (Textiles, Apparel & Luxury Goods) | 803 | 29,310 | ||||||
Koppers Holdings, Inc. (Chemicals) | 293 | 6,897 | ||||||
KORE Group Holdings, Inc.* (Wireless Telecommunication Services) | 499 | 1,327 | ||||||
Korn Ferry (Professional Services) | 763 | 49,984 | ||||||
Kosmos Energy, Ltd.* (Oil, Gas & Consumable Fuels) | 6,428 | 40,754 | ||||||
Kratos Defense & Security Solutions, Inc.* (Aerospace & Defense) | 1,760 | 25,326 | ||||||
Krispy Kreme, Inc. (Hotels, Restaurants & Leisure) | 1,023 | 14,608 | ||||||
Kronos Bio, Inc.* (Chemicals) | 579 | 2,432 | ||||||
Kronos Worldwide, Inc. (Chemicals) | 314 | 5,517 | ||||||
Krystal Biotech, Inc.* (Biotechnology) | 298 | 21,629 | ||||||
Kulicke & Soffa Industries, Inc. (Semiconductors & Semiconductor Equipment) | 828 | 39,843 | ||||||
Kura Oncology, Inc.* (Biotechnology) | 903 | 13,825 | ||||||
Kura Sushi USA, Inc.* - Class A (Hotels, Restaurants & Leisure) | 66 | 5,573 | ||||||
Kymera Therapeutics, Inc.* (Biotechnology) | 538 | 11,852 | ||||||
Ladder Capital Corp. (Mortgage Real Estate Investment Trusts (REITs)) | 1,617 | 19,210 | ||||||
Lakeland Bancorp, Inc. (Banks) | 885 | 14,089 | ||||||
Lakeland Financial Corp. (Banks) | 349 | 27,152 | ||||||
Lancaster Colony Corp. (Food Products) | 277 | 36,669 | ||||||
Landec Corp.* (Food Products) | 373 | 3,909 | ||||||
Lands' End, Inc.* (Internet & Direct Marketing Retail) | 218 | 2,780 | ||||||
Landsea Homes Corp.* (Household Durables) | 148 | 1,089 | ||||||
Lantheus Holdings, Inc.* (Health Care Equipment & Supplies) | 973 | 74,649 | ||||||
Laredo Petroleum, Inc.* (Oil, Gas & Consumable Fuels) | 243 | 21,547 | ||||||
Latch, Inc.* (Software) | 1,001 | 1,201 | ||||||
Latham Group, Inc.* (Leisure Products) | 625 | 3,431 | ||||||
Laureate Education, Inc. - Class A (Diversified Consumer Services) | 1,613 | 19,098 | ||||||
Lawson Products, Inc.* (Trading Companies & Distributors) | 70 | 3,472 | ||||||
La-Z-Boy, Inc. (Household Durables) | 612 | 17,056 | ||||||
LCI Industries (Auto Components) | 354 | 47,822 | ||||||
Leafly Holdings, Inc.* (Interactive Media & Services) | 61 | 337 | ||||||
Legacy Housing Corp.* (Household Durables) | 125 | 1,698 | ||||||
Legalzoom.com, Inc.* (Professional Services) | 1,395 | 14,620 | ||||||
Lemaitre Vascular, Inc. (Health Care Equipment & Supplies) | 277 | 13,947 | ||||||
Lemonade, Inc.* (Insurance) | 661 | 12,460 | ||||||
LendingClub Corp.* (Consumer Finance) | 1,441 | 19,958 | ||||||
LendingTree, Inc.* (Thrifts & Mortgage Finance) | 149 | 6,791 | ||||||
Lexicon Pharmaceuticals, Inc.* (Biotechnology) | 1,036 | 2,466 | ||||||
LGI Homes, Inc.* (Household Durables) | 297 | 33,502 | ||||||
LHC Group, Inc.* (Health Care Providers & Services) | 425 | 69,301 | ||||||
Liberty Energy, Inc.* (Energy Equipment & Services) | 2,033 | 28,869 | ||||||
Liberty Latin America, Ltd.* - Class A (Media) | 550 | 4,054 | ||||||
Liberty Latin America, Ltd.* - Class C (Media) | 2,177 | 15,979 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Liberty Media Corp-Liberty Braves* - Class A (Entertainment) | 142 | $ | 4,098 | |||||
Liberty Media Corp-Liberty Braves* - Class C (Entertainment) | 536 | 14,831 | ||||||
Li-Cycle Holdings Corp.* (Commercial Services & Supplies) | 1,883 | 13,539 | ||||||
Life Time Group Holdings, Inc.* (Hotels, Restaurants & Leisure) | 599 | 8,686 | ||||||
LifeStance Health Group, Inc.* (Health Care Providers & Services) | 1,029 | 6,133 | ||||||
Lifetime Brands, Inc. (Household Durables) | 182 | 1,958 | ||||||
Ligand Pharmaceuticals, Inc.* (Biotechnology) | 215 | 19,786 | ||||||
Light & Wonder, Inc.* (Hotels, Restaurants & Leisure) | 1,394 | 71,011 | ||||||
Lightning eMotors, Inc.* (Machinery) | 557 | 1,977 | ||||||
Lightwave Logic, Inc.* (Electronic Equipment, Instruments & Components) | 1,592 | 16,987 | ||||||
Limelight Networks, Inc.* (IT Services) | 1,953 | 4,941 | ||||||
Lindblad Expeditions Holdings, Inc.* (Hotels, Restaurants & Leisure) | 457 | 3,610 | ||||||
Lindsay Corp. (Machinery) | 157 | 24,172 | ||||||
Lions Gate Entertainment Corp.* - Class A (Entertainment) | 830 | 7,271 | ||||||
Lions Gate Entertainment Corp.* - Class B (Entertainment) | 1,661 | 13,803 | ||||||
Liquidia Corp.* (Pharmaceuticals) | 679 | 3,331 | ||||||
Liquidity Services, Inc.* (Internet & Direct Marketing Retail) | 352 | 7,086 | ||||||
LivaNova PLC* (Health Care Equipment & Supplies) | 764 | 48,644 | ||||||
Live Oak Bancshares, Inc. (Banks) | 466 | 17,540 | ||||||
Livent Corp.* (Chemicals) | 2,307 | 57,421 | ||||||
LivePerson, Inc.* (Software) | 1,001 | 13,654 | ||||||
LiveRamp Holdings, Inc.* (IT Services) | 955 | 25,413 | ||||||
LiveVox Holdings, Inc.* (Software) | 315 | 520 | ||||||
LL Flooring Holdings, Inc.* (Specialty Retail) | 416 | 4,177 | ||||||
Local Bounti Corp.* (Food Products) | 266 | 1,029 | ||||||
Lordstown Motors Corp.* - Class A (Automobiles) | 2,272 | 5,089 | ||||||
Loyalty Ventures, Inc.* (Media) | 285 | 841 | ||||||
LSB Industries, Inc.* (Chemicals) | 452 | 6,242 | ||||||
LTC Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 555 | 23,255 | ||||||
Lulu's Fashion Lounge Holdings, Inc.* (Internet & Direct Marketing Retail) | 83 | 465 | ||||||
Luminar Technologies, Inc.* (Auto Components) | 3,398 | 22,970 | ||||||
Luther Burbank Corp. (Thrifts & Mortgage Finance) | 211 | 2,783 | ||||||
Luxfer Holdings PLC (Machinery) | 398 | 6,503 | ||||||
LXP Industrial Trust (Equity Real Estate Investment Trusts (REITs)) | 4,028 | 44,187 | ||||||
Lyell Immunopharma, Inc.* (Biotechnology) | 2,462 | 13,713 | ||||||
M.D.C Holdings, Inc. (Household Durables) | 814 | 29,508 | ||||||
M/I Homes, Inc.* (Household Durables) | 392 | 18,036 | ||||||
Macatawa Bank Corp. (Banks) | 374 | 3,478 | ||||||
MACOM Technology Solutions Holdings, Inc.* (Semiconductors & Semiconductor Equipment) | 720 | 41,717 | ||||||
MacroGenics, Inc.* (Biotechnology) | 857 | 2,682 | ||||||
Madison Square Garden Entertainment Corp.* (Entertainment) | 367 | 21,370 | ||||||
Madrigal Pharmaceuticals, Inc.* (Biotechnology) | 181 | 11,370 | ||||||
Magnite, Inc.* (Media) | 1,864 | 14,241 | ||||||
Magnolia Oil & Gas Corp. (Oil, Gas & Consumable Fuels) | 2,377 | 57,357 | ||||||
Malibu Boats, Inc.* (Leisure Products) | 295 | 18,423 | ||||||
Manning & Napier, Inc. (Capital Markets) | 226 | 2,872 | ||||||
MannKind Corp.* (Biotechnology) | 3,542 | 12,220 | ||||||
ManTech International Corp. - Class A (Professional Services) | 426 | 40,819 | ||||||
Marathon Digital Holdings, Inc.* (IT Services) | 1,438 | 18,680 | ||||||
Marcus & Millichap, Inc. (Real Estate Management & Development) | 354 | 14,486 | ||||||
Marine Products Corp. (Leisure Products) | 119 | 1,292 | ||||||
MarineMax, Inc.* (Specialty Retail) | 301 | 12,293 | ||||||
MarketWise, Inc.* (Capital Markets) | 241 | 687 | ||||||
Markforged Holding Corp.* (Machinery) | 1,567 | 3,432 | ||||||
Marqeta, Inc.* - Class A (IT Services) | 6,181 | 59,275 | ||||||
Marten Transport, Ltd. (Road & Rail) | 840 | 18,110 | ||||||
Masonite International Corp.* (Building Products) | 321 | 29,221 | ||||||
MasterCraft Boat Holdings, Inc.* (Leisure Products) | 260 | 6,159 | ||||||
Matador Resources Co. (Oil, Gas & Consumable Fuels) | 1,603 | 92,622 | ||||||
Materion Corp. (Metals & Mining) | 291 | 23,845 | ||||||
Matson, Inc. (Marine) | 571 | 52,343 | ||||||
Matterport, Inc.* (Software) | 3,116 | 13,243 | ||||||
Matthews International Corp. - Class A (Commercial Services & Supplies) | 435 | 12,158 | ||||||
Maxar Technologies, Inc. (Aerospace & Defense) | 1,035 | 28,442 | ||||||
MaxCyte, Inc.* (Biotechnology) | 1,239 | 6,753 | ||||||
MAXIMUS, Inc. (IT Services) | 874 | 58,427 | ||||||
MaxLinear, Inc.* - Class A (Semiconductors & Semiconductor Equipment) | 1,023 | 41,339 | ||||||
MBIA, Inc.* (Insurance) | 683 | 8,592 | ||||||
McGrath RentCorp (Commercial Services & Supplies) | 345 | 29,104 | ||||||
MediaAlpha, Inc.* - Class A (Interactive Media & Services) | 338 | 4,164 | ||||||
Medifast, Inc. (Personal Products) | 162 | 27,247 | ||||||
MEDNAX, Inc.* (Health Care Providers & Services) | 1,224 | 27,736 | ||||||
Medpace Holdings, Inc.* (Life Sciences Tools & Services) | 392 | 66,456 | ||||||
MeiraGTx Holdings PLC* (Biotechnology) | 430 | 3,560 | ||||||
Mercantile Bank Corp. (Banks) | 220 | 7,797 | ||||||
Merchants Bancorp (Thrifts & Mortgage Finance) | 224 | 5,927 | ||||||
Mercury General Corp. (Insurance) | 381 | 15,975 | ||||||
Meridian Bioscience, Inc.* (Health Care Equipment & Supplies) | 612 | 19,376 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
MeridianLink, Inc.* (Software) | 327 | $ | 5,575 | |||||
Merit Medical Systems, Inc.* (Health Care Equipment & Supplies) | 796 | 45,754 | ||||||
Meritage Homes Corp.* (Household Durables) | 517 | 45,651 | ||||||
Meritor, Inc.* (Machinery) | 1,000 | 36,420 | ||||||
Mersana Therapeutics, Inc.* (Biotechnology) | 1,247 | 6,322 | ||||||
Mesa Laboratories, Inc. (Health Care Equipment & Supplies) | 72 | 15,354 | ||||||
Meta Financial Group, Inc. (Thrifts & Mortgage Finance) | 413 | 13,926 | ||||||
Methode Electronics, Inc. (Electronic Equipment, Instruments & Components) | 516 | 21,280 | ||||||
Metrocity Bankshares, Inc. (Banks) | 266 | 5,509 | ||||||
Metropolitan Bank Holding Corp.* (Banks) | 146 | 10,129 | ||||||
MFA Financial, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 1,462 | 18,948 | ||||||
MGE Energy, Inc. (Electric Utilities) | 519 | 42,236 | ||||||
MGP Ingredients, Inc. (Beverages) | 200 | 21,036 | ||||||
MicroStrategy, Inc.* (Software) | 134 | 38,332 | ||||||
Microvast Holdings, Inc.* (Machinery) | 2,428 | 6,434 | ||||||
MicroVision, Inc.* (Electronic Equipment, Instruments & Components) | 2,357 | 12,139 | ||||||
Mid Penn Bancorp, Inc. (Banks) | 204 | 5,851 | ||||||
Middlesex Water Co. (Water Utilities) | 247 | 23,492 | ||||||
Midland States Bancorp, Inc. (Banks) | 301 | 7,886 | ||||||
MidWestOne Financial Group, Inc. (Banks) | 201 | 6,273 | ||||||
Miller Industries, Inc. (Machinery) | 158 | 3,797 | ||||||
MillerKnoll, Inc. (Commercial Services & Supplies) | 1,082 | 32,579 | ||||||
MiMedx Group, Inc.* (Biotechnology) | 1,605 | 5,489 | ||||||
Minerals Technologies, Inc. (Chemicals) | 467 | 31,200 | ||||||
Mirion Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 1,950 | 13,260 | ||||||
Mirum Pharmaceuticals, Inc.* (Biotechnology) | 226 | 5,673 | ||||||
Mission Produce, Inc.* (Food Products) | 571 | 8,097 | ||||||
Mitek System, Inc.* (Software) | 601 | 6,539 | ||||||
Model N, Inc.* (Software) | 513 | 12,887 | ||||||
Modine Manufacturing Co.* (Auto Components) | 708 | 9,289 | ||||||
ModivCare, Inc.* (Health Care Providers & Services) | 180 | 17,964 | ||||||
Moelis & Co. (Capital Markets) | 918 | 42,760 | ||||||
Momentive Global, Inc.* (Software) | 1,885 | 16,305 | ||||||
Momentus, Inc.* (Aerospace & Defense) | 775 | 1,364 | ||||||
Monarch Casino & Resort, Inc.* (Hotels, Restaurants & Leisure) | 190 | 12,189 | ||||||
MoneyGram International, Inc.* (IT Services) | 1,335 | 13,564 | ||||||
Moneylion, Inc.* (IT Services) | 2,057 | 3,229 | ||||||
Monro, Inc. (Specialty Retail) | 474 | 23,771 | ||||||
Montauk Renewables, Inc.* (Independent Power and Renewable Electricity Producers) | 916 | 10,965 | ||||||
Monte Rosa Therapeutics, Inc.* (Biotechnology) | 408 | 3,701 | ||||||
Montrose Environmental Group, Inc.* (Commercial Services & Supplies) | 391 | 15,687 | ||||||
Moog, Inc. - Class A (Aerospace & Defense) | 407 | 34,855 | ||||||
Morphic Holding, Inc.* (Biotechnology) | 366 | 9,688 | ||||||
Motorcar Parts of America, Inc.* (Auto Components) | 266 | 4,009 | ||||||
Movado Group, Inc. (Textiles, Apparel & Luxury Goods) | 223 | 7,578 | ||||||
Mr. Cooper Group, Inc.* (Thrifts & Mortgage Finance) | 1,034 | 46,582 | ||||||
MRC Global, Inc.* (Trading Companies & Distributors) | 1,182 | 13,735 | ||||||
Mueller Industries, Inc. (Machinery) | 797 | 53,662 | ||||||
Mueller Water Products, Inc. - Class A (Machinery) | 2,220 | 28,904 | ||||||
Mullen Automotive, Inc.* (Software) | 214 | 170 | ||||||
Multiplan Corp.* (Health Care Technology) | 5,379 | 27,218 | ||||||
Murphy Oil Corp. (Oil, Gas & Consumable Fuels) | 2,099 | 73,759 | ||||||
Murphy USA, Inc. (Specialty Retail) | 319 | 90,710 | ||||||
MVB Financial Corp. (Banks) | 145 | 4,713 | ||||||
Myers Industries, Inc. (Containers & Packaging) | 516 | 12,554 | ||||||
MYR Group, Inc.* (Construction & Engineering) | 238 | 22,665 | ||||||
Myriad Genetics, Inc.* (Biotechnology) | 1,132 | 29,862 | ||||||
N-able, Inc.* (Software) | 971 | 9,535 | ||||||
Nabors Industries, Ltd.* (Energy Equipment & Services) | 129 | 18,381 | ||||||
NACCO Industries, Inc. - Class A (Oil, Gas & Consumable Fuels) | 58 | 2,279 | ||||||
NanoString Technologies, Inc.* (Life Sciences Tools & Services) | 661 | 8,461 | ||||||
Nano-X Imaging, Ltd.* (Health Care Equipment & Supplies) | 599 | 7,212 | ||||||
Napco Security Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 419 | 10,752 | ||||||
National Bank Holdings Corp. (Banks) | 416 | 17,314 | ||||||
National Beverage Corp. (Beverages) | 336 | 18,204 | ||||||
National Energy Services Reunited Corp.* (Energy Equipment & Services) | 543 | 3,828 | ||||||
National Health Investors, Inc. (Equity Real Estate Investment Trusts (REITs)) | 629 | 40,784 | ||||||
National Healthcare Corp. (Health Care Providers & Services) | 179 | 12,714 | ||||||
National Presto Industries, Inc. (Aerospace & Defense) | 73 | 5,198 | ||||||
National Research Corp. (Health Care Providers & Services) | 204 | 7,732 | ||||||
National Vision Holdings, Inc.* (Specialty Retail) | 1,156 | 33,686 | ||||||
National Western Life Group, Inc. - Class A (Insurance) | 32 | 6,464 | ||||||
Natural Grocers by Vitamin Cottage, Inc. (Food & Staples Retailing) | 132 | 2,189 | ||||||
Nature's Sunshine Products, Inc.* (Personal Products) | 194 | 2,027 | ||||||
Nautilus Biotechnology, Inc.* (Life Sciences Tools & Services) | 677 | 1,970 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Navient Corp. (Consumer Finance) | 1,653 | $ | 27,225 | |||||
NBT Bancorp, Inc. (Banks) | 596 | 24,162 | ||||||
Nektar Therapeutics* (Pharmaceuticals) | 2,583 | 10,229 | ||||||
Nelnet, Inc. - Class A (Consumer Finance) | 212 | 20,159 | ||||||
NEOGAMES SA* (Hotels, Restaurants & Leisure) | 188 | 2,875 | ||||||
Neogen Corp.* (Health Care Equipment & Supplies) | 1,541 | 35,643 | ||||||
NeoGenomics, Inc.* (Life Sciences Tools & Services) | 1,768 | 17,892 | ||||||
NeoPhotonics Corp.* (Semiconductors & Semiconductor Equipment) | 748 | 11,961 | ||||||
NerdWallet, Inc.* - Class A (Interactive Media & Services) | 365 | 3,168 | ||||||
Nerdy, Inc.* (Diversified Consumer Services) | 770 | 2,010 | ||||||
NETGEAR, Inc.* (Communications Equipment) | 403 | 10,389 | ||||||
NetScout Systems, Inc.* (Communications Equipment) | 1,005 | 35,758 | ||||||
NETSTREIT Corp. (Equity Real Estate Investment Trusts (REITs)) | 685 | 14,043 | ||||||
Nevro Corp.* (Health Care Equipment & Supplies) | 497 | 21,545 | ||||||
New Jersey Resources Corp. (Gas Utilities) | 1,371 | 63,326 | ||||||
New York Mortgage Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 5,412 | 16,994 | ||||||
Newmark Group, Inc. (Real Estate Management & Development) | 2,104 | 23,986 | ||||||
Newpark Resources, Inc.* (Energy Equipment & Services) | 1,205 | 4,242 | ||||||
Nexpoint Real Estate Finance, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 111 | 2,342 | ||||||
Nexpoint Residential Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) | 323 | 21,492 | ||||||
NextDecade Corp.* (Oil, Gas & Consumable Fuels) | 440 | 3,111 | ||||||
NextGen Healthcare, Inc.* (Health Care Technology) | 793 | 13,576 | ||||||
NexTier Oilfield Solutions, Inc.* (Energy Equipment & Services) | 2,506 | 24,985 | ||||||
NextNav, Inc.* (Software) | 694 | 1,915 | ||||||
NGM Biopharmaceuticals, Inc.* (Pharmaceuticals) | 558 | 8,080 | ||||||
NI Holdings, Inc.* (Insurance) | 121 | 1,796 | ||||||
Nicolet Bankshares, Inc.* (Banks) | 175 | 13,997 | ||||||
Nikola Corp.* (Machinery) | 4,157 | 25,857 | ||||||
Nkarta, Inc.* (Biotechnology) | 462 | 6,242 | ||||||
NL Industries, Inc. (Commercial Services & Supplies) | 119 | 1,110 | ||||||
nLight, Inc.* (Electronic Equipment, Instruments & Components) | 625 | 7,663 | ||||||
NMI Holdings, Inc.* - Class A (Thrifts & Mortgage Finance) | 1,203 | 22,785 | ||||||
Noble Corp.* (Energy Equipment & Services) | 536 | 16,080 | ||||||
Noodles & Co.* (Hotels, Restaurants & Leisure) | 582 | 3,032 | ||||||
Nordic American Tankers, Ltd. (Oil, Gas & Consumable Fuels) | 2,707 | 6,497 | ||||||
Northeast Bank (Banks) | 96 | 3,821 | ||||||
Northern Oil And Gas, Inc. (Oil, Gas & Consumable Fuels) | 934 | 26,927 | ||||||
Northfield Bancorp, Inc. (Thrifts & Mortgage Finance) | 623 | 9,171 | ||||||
Northwest Bancshares, Inc. (Thrifts & Mortgage Finance) | 1,730 | 24,877 | ||||||
Northwest Natural Holding Co. (Gas Utilities) | 486 | 26,084 | ||||||
Northwest Pipe Co.* (Construction & Engineering) | 139 | 4,358 | ||||||
NorthWestern Corp. (Multi-Utilities) | 774 | 42,918 | ||||||
Novagold Resources, Inc.* (Metals & Mining) | 3,404 | 16,612 | ||||||
Novanta, Inc.* (Electronic Equipment, Instruments & Components) | 506 | 78,024 | ||||||
NOW, Inc.* (Trading Companies & Distributors) | 1,570 | 17,364 | ||||||
Nu Skin Enterprises, Inc. - Class A (Personal Products) | 711 | 30,936 | ||||||
Nurix Therapeutics, Inc.* (Biotechnology) | 632 | 10,087 | ||||||
NuScale Power Corp.* (Electrical Equipment) | 244 | 3,499 | ||||||
Nutex Health, Inc.* (Health Care Technology) | 553 | 1,460 | ||||||
Nuvalent, Inc.* - Class A (Biotechnology) | 241 | 3,581 | ||||||
NuVasive, Inc.* (Health Care Equipment & Supplies) | 745 | 39,127 | ||||||
Nuvation Bio, Inc.* (Pharmaceuticals) | 1,656 | 4,571 | ||||||
NV5 Global, Inc.* (Construction & Engineering) | 193 | 26,171 | ||||||
Oasis Petroleum, Inc. (Oil, Gas & Consumable Fuels) | 601 | 77,073 | ||||||
Oceaneering International, Inc.* (Energy Equipment & Services) | 1,424 | 15,123 | ||||||
Oceanfirst Financial Corp. (Thrifts & Mortgage Finance) | 827 | 17,003 | ||||||
Ocugen, Inc.* (Biotechnology) | 3,046 | 7,859 | ||||||
Ocular Therapeutix, Inc.* (Pharmaceuticals) | 1,096 | 4,910 | ||||||
Offerpad Solutions, Inc.* (Real Estate Management & Development) | 971 | 2,049 | ||||||
Office Properties Income Trust (Equity Real Estate Investment Trusts (REITs)) | 682 | 14,172 | ||||||
OFG Bancorp (Banks) | 678 | 18,625 | ||||||
O-I Glass, Inc.* (Containers & Packaging) | 2,216 | 32,598 | ||||||
Oil States International, Inc.* (Energy Equipment & Services) | 868 | 4,427 | ||||||
Old National Bancorp (Banks) | 4,176 | 72,704 | ||||||
Old Second Bancorp, Inc. (Banks) | 603 | 8,472 | ||||||
Olo, Inc.* - Class A (Software) | 1,280 | 13,709 | ||||||
Olympic Steel, Inc. (Metals & Mining) | 137 | 4,073 | ||||||
Omega Flex, Inc. (Machinery) | 46 | 5,290 | ||||||
Omnicell, Inc.* (Health Care Technology) | 625 | 68,826 | ||||||
ON24, Inc.* (Software) | 592 | 5,689 | ||||||
Ondas Holdings, Inc.* (Communications Equipment) | 486 | 2,226 | ||||||
ONE Gas, Inc. (Gas Utilities) | 766 | 65,064 | ||||||
One Liberty Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 232 | 6,438 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
OneSpan, Inc.* (Software) | 570 | $ | 6,310 | |||||
OneSpaWorld Holdings, Ltd.* (Diversified Consumer Services) | 944 | 6,806 | ||||||
Onewater Marine, Inc.* (Specialty Retail) | 158 | 5,726 | ||||||
Onto Innovation, Inc.* (Semiconductors & Semiconductor Equipment) | 706 | 58,775 | ||||||
Ooma, Inc.* (Diversified Telecommunication Services) | 326 | 3,889 | ||||||
Open Lending Corp.* - Class A (Capital Markets) | 1,502 | 15,561 | ||||||
OPKO Health, Inc.* (Biotechnology) | 5,746 | 13,561 | ||||||
Oportun Financial Corp.* (Consumer Finance) | 396 | 3,635 | ||||||
Oppenheimer Holdings, Inc. - Class A (Capital Markets) | 126 | 4,232 | ||||||
OppFi, Inc.* (Consumer Finance) | 191 | 584 | ||||||
OptimizeRx Corp.* (Health Care Technology) | 252 | 5,662 | ||||||
Option Care Health, Inc.* (Health Care Providers & Services) | 2,045 | 68,712 | ||||||
OraSure Technologies, Inc.* (Health Care Equipment & Supplies) | 1,039 | 3,179 | ||||||
Orchid Island Capital, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 2,533 | 8,156 | ||||||
Organogenesis Holdings, Inc.* (Biotechnology) | 995 | 5,711 | ||||||
Origin Bancorp, Inc. (Banks) | 320 | 13,782 | ||||||
Origin Materials, Inc.* (Chemicals) | 1,514 | 8,902 | ||||||
Orion Engineered Carbons SA (Chemicals) | 861 | 14,887 | ||||||
Orion Office REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 812 | 8,883 | ||||||
Ormat Technologies, Inc. (Independent Power and Renewable Electricity Producers) | 645 | 55,818 | ||||||
Orrstown Financial Services, Inc. (Banks) | 151 | 3,914 | ||||||
Orthofix Medical, Inc.* (Health Care Equipment & Supplies) | 275 | 7,054 | ||||||
OrthoPediatrics Corp.* (Health Care Equipment & Supplies) | 205 | 9,686 | ||||||
Oscar Health, Inc.* - Class A (Insurance) | 1,681 | 9,077 | ||||||
OSI Systems, Inc.* (Electronic Equipment, Instruments & Components) | 231 | 22,331 | ||||||
Otter Tail Corp. (Electric Utilities) | 586 | 41,178 | ||||||
Ouster, Inc.* (Electronic Equipment, Instruments & Components) | 1,943 | 3,420 | ||||||
Outbrain, Inc.* (Interactive Media & Services) | 569 | 3,186 | ||||||
Outfront Media, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,084 | 38,471 | ||||||
Outlook Therapeutics, Inc.* (Biotechnology) | 1,685 | 1,904 | ||||||
Outset Medical, Inc.* (Health Care Equipment & Supplies) | 682 | 10,537 | ||||||
Overstock.com, Inc.* (Internet & Direct Marketing Retail) | 606 | 17,574 | ||||||
Owens & Minor, Inc. (Health Care Providers & Services) | 1,050 | 37,181 | ||||||
Owlet, Inc.* (Health Care Equipment & Supplies) | 233 | 496 | ||||||
Oxford Industries, Inc. (Textiles, Apparel & Luxury Goods) | 221 | 21,083 | ||||||
P3 Health Partners, Inc.* (Health Care Providers & Services) | 361 | 1,773 | ||||||
Pacific Biosciences of California, Inc.* (Life Sciences Tools & Services) | 3,215 | 14,050 | ||||||
Pacific Premier Bancorp, Inc. (Banks) | 1,335 | 44,909 | ||||||
Pacira BioSciences, Inc.* (Pharmaceuticals) | 639 | 36,142 | ||||||
Pactiv Evergreen, Inc. (Containers & Packaging) | 615 | 6,285 | ||||||
PagerDuty, Inc.* (Software) | 1,211 | 31,401 | ||||||
Palomar Holdings, Inc.* (Insurance) | 345 | 21,518 | ||||||
PAM Transportation Services, Inc.* (Road & Rail) | 94 | 3,363 | ||||||
Papa John's International, Inc. (Hotels, Restaurants & Leisure) | 470 | 45,068 | ||||||
Par Pacific Holdings, Inc.* (Oil, Gas & Consumable Fuels) | 696 | 11,484 | ||||||
PAR Technology Corp.* (Electronic Equipment, Instruments & Components) | 377 | 15,691 | ||||||
Paragon 28, Inc.* (Health Care Equipment & Supplies) | 657 | 12,483 | ||||||
Paramount Group, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,657 | 20,857 | ||||||
Pardes Biosciences, Inc.* (Biotechnology) | 402 | 1,134 | ||||||
Park Aerospace Corp. (Aerospace & Defense) | 279 | 3,404 | ||||||
Park National Corp. (Banks) | 204 | 26,430 | ||||||
Parke Bancorp, Inc. (Banks) | 144 | 3,161 | ||||||
Parsons Corp.* (Aerospace & Defense) | 479 | 20,707 | ||||||
Party City Holdco, Inc.* (Specialty Retail) | 1,551 | 1,768 | ||||||
Patrick Industries, Inc. (Auto Components) | 312 | 18,945 | ||||||
Patterson Cos., Inc. (Health Care Providers & Services) | 1,241 | 38,545 | ||||||
Patterson-UTI Energy, Inc. (Energy Equipment & Services) | 3,054 | 50,544 | ||||||
Paya Holdings, Inc.* (IT Services) | 1,245 | 8,703 | ||||||
Payoneer Global, Inc.* (IT Services) | 2,990 | 15,967 | ||||||
Paysafe, Ltd.* (IT Services) | 4,813 | 9,674 | ||||||
PBF Energy, Inc.* - Class A (Oil, Gas & Consumable Fuels) | 1,378 | 45,956 | ||||||
PC Connection, Inc. (Electronic Equipment, Instruments & Components) | 160 | 7,589 | ||||||
PCB Bancorp (Banks) | 166 | 3,199 | ||||||
PCSB Financial Corp. (Thrifts & Mortgage Finance) | 178 | 3,469 | ||||||
PDF Solutions, Inc.* (Semiconductors & Semiconductor Equipment) | 431 | 11,628 | ||||||
Peabody Energy Corp.* (Oil, Gas & Consumable Fuels) | 1,676 | 35,179 | ||||||
Peapack Gladstone Financial Corp. (Banks) | 247 | 8,067 | ||||||
Pebblebrook Hotel Trust (Equity Real Estate Investment Trusts (REITs)) | 1,849 | 36,166 | ||||||
Pennymac Financial Services, Inc. (Thrifts & Mortgage Finance) | 422 | 23,121 | ||||||
PennyMac Mortgage Investment Trust (Mortgage Real Estate Investment Trusts (REITs)) | 1,309 | 20,106 | ||||||
Peoples Bancorp, Inc. (Banks) | 396 | 12,244 | ||||||
Peoples Financial Services Corp. (Banks) | 100 | 5,324 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
PepGen, Inc.* (Biotechnology) | 119 | $ | 1,333 | |||||
Perdoceo Education Corp.* (Diversified Consumer Services) | 972 | 13,316 | ||||||
Perella Weinberg Partners (Capital Markets) | 663 | 4,674 | ||||||
Perficient, Inc.* (IT Services) | 487 | 51,388 | ||||||
Perimeter Solutions SA* (Chemicals) | 1,735 | 20,039 | ||||||
Petiq, Inc.* (Health Care Providers & Services) | 390 | 6,396 | ||||||
PetMed Express, Inc. (Internet & Direct Marketing Retail) | 288 | 6,284 | ||||||
PFSweb, Inc.* (IT Services) | 235 | 2,564 | ||||||
PGT Innovations, Inc.* (Building Products) | 839 | 18,374 | ||||||
Phathom Pharmaceuticals, Inc.* (Pharmaceuticals) | 328 | 3,021 | ||||||
Phibro Animal Health Corp. - Class A (Pharmaceuticals) | 291 | 5,695 | ||||||
Phillips Edison & Co., Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,628 | 55,417 | ||||||
Photronics, Inc.* (Semiconductors & Semiconductor Equipment) | 854 | 20,334 | ||||||
Phreesia, Inc.* (Health Care Technology) | 700 | 16,443 | ||||||
Physicians Realty Trust (Equity Real Estate Investment Trusts (REITs)) | 3,203 | 56,917 | ||||||
Piedmont Lithium, Inc.* (Metals & Mining) | 247 | 11,167 | ||||||
Piedmont Office Realty Trust, Inc. - Class A (Equity Real Estate Investment Trusts (REITs)) | 1,750 | 24,080 | ||||||
Ping Identity Holding Corp.* (Software) | 1,100 | 18,865 | ||||||
Pioneer Bancorp, Inc.* (Thrifts & Mortgage Finance) | 165 | 1,602 | ||||||
Piper Sandler Cos. (Capital Markets) | 247 | 31,171 | ||||||
Pitney Bowes, Inc. (Commercial Services & Supplies) | 2,464 | 8,057 | ||||||
PJT Partners, Inc. - Class A (Capital Markets) | 342 | 24,446 | ||||||
Planet Labs PBC* (Professional Services) | 2,213 | 11,795 | ||||||
Plantronics, Inc.* (Communications Equipment) | 602 | 23,954 | ||||||
Playstudios, Inc.* (Entertainment) | 1,127 | 4,531 | ||||||
PLBY Group, Inc.* (Textiles, Apparel & Luxury Goods) | 443 | 2,844 | ||||||
Plexus Corp.* (Electronic Equipment, Instruments & Components) | 391 | 36,734 | ||||||
Plymouth Industrial REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 536 | 10,323 | ||||||
PMV Pharmaceuticals, Inc.* (Pharmaceuticals) | 525 | 7,849 | ||||||
PNM Resources, Inc. (Electric Utilities) | 1,216 | 58,696 | ||||||
Point Biopharma Global, Inc.* (Biotechnology) | 1,054 | 7,736 | ||||||
PolyMet Mining Corp.* (Metals & Mining) | 415 | 1,237 | ||||||
Porch Group, Inc.* (Internet & Direct Marketing Retail) | 1,147 | 2,214 | ||||||
Portillo's, Inc.* - Class A (Hotels, Restaurants & Leisure) | 283 | 6,461 | ||||||
Portland General Electric Co. (Electric Utilities) | 1,274 | 65,408 | ||||||
Poshmark, Inc.* - Class A (Internet & Direct Marketing Retail) | 655 | 7,067 | ||||||
Postal Realty Trust, Inc. - Class A (Equity Real Estate Investment Trusts (REITs)) | 252 | 4,254 | ||||||
PotlatchDeltic Corp. (Equity Real Estate Investment Trusts (REITs)) | 972 | 47,657 | ||||||
Powell Industries, Inc. (Electrical Equipment) | 130 | 3,115 | ||||||
Power Integrations, Inc. (Semiconductors & Semiconductor Equipment) | 824 | 70,048 | ||||||
PowerSchool Holdings, Inc.* (Diversified Consumer Services) | 649 | 9,352 | ||||||
PRA Group, Inc.* (Consumer Finance) | 565 | 22,510 | ||||||
Praxis Precision Medicines, Inc.* (Biotechnology) | 537 | 1,896 | ||||||
Precigen, Inc.* (Biotechnology) | 1,436 | 2,255 | ||||||
Preferred Bank (Banks) | 195 | 14,177 | ||||||
Preformed Line Products Co. (Electrical Equipment) | 36 | 2,153 | ||||||
Premier Financial Corp. (Thrifts & Mortgage Finance) | 504 | 14,354 | ||||||
Prestige Consumer Healthcare, Inc.* (Pharmaceuticals) | 716 | 43,182 | ||||||
PriceSmart, Inc. (Food & Staples Retailing) | 350 | 23,233 | ||||||
Primis Financial Corp. (Banks) | 315 | 4,268 | ||||||
Primo Water Corp. (Beverages) | 2,243 | 29,652 | ||||||
Primoris Services Corp. (Construction & Engineering) | 756 | 17,660 | ||||||
Priority Technology Holdings, Inc.* (IT Services) | 254 | 1,140 | ||||||
Privia Health Group, Inc.* (Health Care Providers & Services) | 617 | 22,693 | ||||||
ProAssurance Corp. (Insurance) | 768 | 16,996 | ||||||
PROCEPT BioRobotics Corp.* (Health Care Equipment & Supplies) | 365 | 13,980 | ||||||
Professional Holding Corp.* - Class A (Banks) | 185 | 4,153 | ||||||
PROG Holdings, Inc.* (Consumer Finance) | 771 | 14,202 | ||||||
Progress Software Corp. (Software) | 623 | 29,256 | ||||||
Progyny, Inc.* (Health Care Providers & Services) | 1,065 | 32,514 | ||||||
Prometheus Biosciences, Inc.* (Biotechnology) | 416 | 17,751 | ||||||
ProPetro Holding Corp.* (Energy Equipment & Services) | 1,243 | 13,076 | ||||||
PROS Holdings, Inc.* (Software) | 583 | 14,208 | ||||||
Protagonist Therapeutics, Inc.* (Biotechnology) | 655 | 6,517 | ||||||
Proterra, Inc.* (Machinery) | 3,148 | 16,968 | ||||||
Prothena Corp. PLC* (Biotechnology) | 505 | 15,685 | ||||||
Proto Labs, Inc.* (Machinery) | 392 | 19,165 | ||||||
Provention Bio, Inc.* (Pharmaceuticals) | 796 | 3,041 | ||||||
Provident BanCorp, Inc. (Thrifts & Mortgage Finance) | 205 | 3,104 | ||||||
Provident Financial Services, Inc. (Thrifts & Mortgage Finance) | 1,064 | 25,919 | ||||||
PTC Therapeutics, Inc.* (Biotechnology) | 1,000 | 43,550 | ||||||
PubMatic, Inc.* - Class A (Media) | 594 | 9,854 | ||||||
Pulmonx Corp.* (Health Care Equipment & Supplies) | 487 | 8,298 | ||||||
Pure Cycle Corp.* (Water Utilities) | 277 | 2,925 | ||||||
PureCycle Technologies, Inc.* (Chemicals) | 1,513 | 11,469 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Purple Innovation, Inc.* (Household Durables) | 781 | $ | 2,726 | |||||
Pzena Investment Management, Inc. - Class A (Capital Markets) | 238 | 2,244 | ||||||
Q2 Holdings, Inc.* (Software) | 796 | 34,944 | ||||||
QCR Holdings, Inc. (Banks) | 236 | 13,992 | ||||||
Quad/Graphics, Inc.* (Commercial Services & Supplies) | 495 | 1,574 | ||||||
Quaker Chemical Corp. (Chemicals) | 193 | 31,307 | ||||||
Qualys, Inc.* (Software) | 556 | 68,011 | ||||||
Quanex Building Products Corp. (Building Products) | 471 | 11,591 | ||||||
Quanterix Corp.* (Life Sciences Tools & Services) | 483 | 7,723 | ||||||
Quantum-Si, Inc.* (Life Sciences Tools & Services) | 1,300 | 4,225 | ||||||
QuidelOrtho Corp.* (Health Care Equipment & Supplies) | – | † | 20 | |||||
QuinStreet, Inc.* (Interactive Media & Services) | 739 | 7,944 | ||||||
Quotient Technology, Inc.* (Internet & Direct Marketing Retail) | 1,271 | 3,521 | ||||||
Qurate Retail, Inc. - Class A (Internet & Direct Marketing Retail) | 4,983 | 13,604 | ||||||
R1 RCM, Inc.* (Health Care Providers & Services) | 1,924 | 48,100 | ||||||
Rackspace Technology, Inc.* (IT Services) | 819 | 5,520 | ||||||
Radian Group, Inc. (Thrifts & Mortgage Finance) | 2,467 | 55,187 | ||||||
Radiant Logistics, Inc.* (Air Freight & Logistics) | 539 | 3,908 | ||||||
Radius Global Infrastructure, Inc.* - Class A (Diversified Telecommunication Services) | 1,063 | 16,243 | ||||||
Radius Health, Inc.* (Biotechnology) | 665 | 6,703 | ||||||
RadNet, Inc.* (Health Care Providers & Services) | 697 | 14,337 | ||||||
Rallybio Corp.* (Biotechnology) | 227 | 2,118 | ||||||
Ramaco Resources, Inc. (Metals & Mining) | 320 | 3,757 | ||||||
Rambus, Inc.* (Semiconductors & Semiconductor Equipment) | 1,561 | 39,462 | ||||||
Ranger Oil Corp. (Oil, Gas & Consumable Fuels) | 303 | 11,532 | ||||||
Ranpak Holdings Corp.* (Containers & Packaging) | 618 | 3,158 | ||||||
Rapid7, Inc.* (Software) | 827 | 52,903 | ||||||
RAPT Therapeutics, Inc.* (Biotechnology) | 370 | 6,815 | ||||||
Rayonier Advanced Materials, Inc.* (Chemicals) | 878 | 3,108 | ||||||
RBB Bancorp (Banks) | 213 | 4,859 | ||||||
RBC Bearings, Inc.* (Machinery) | 406 | 95,815 | ||||||
RCI Hospitality Holdings, Inc. (Hotels, Restaurants & Leisure) | 126 | 7,177 | ||||||
RE/MAX Holdings, Inc. (Real Estate Management & Development) | 267 | 6,766 | ||||||
Ready Capital Corp. (Mortgage Real Estate Investment Trusts (REITs)) | 1,055 | 14,675 | ||||||
Realogy Holdings Corp.* (Real Estate Management & Development) | 1,649 | 16,375 | ||||||
Reata Pharmaceuticals, Inc.* - Class A (Pharmaceuticals) | 394 | 12,088 | ||||||
Recursion Pharmaceuticals, Inc.* - Class A (Biotechnology) | 1,925 | 16,286 | ||||||
Red River Bancshares, Inc. (Banks) | 62 | 3,401 | ||||||
Red Rock Resorts, Inc. - Class A (Hotels, Restaurants & Leisure) | 760 | 29,891 | ||||||
Red Violet, Inc.* (Professional Services) | 135 | 3,186 | ||||||
Redbox Entertainment, Inc.* (Entertainment) | 90 | 392 | ||||||
Redfin Corp.* (Real Estate Management & Development) | 1,495 | 13,007 | ||||||
Redwire Corp.* (Aerospace & Defense) | 274 | 904 | ||||||
Redwood Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 1,711 | 14,817 | ||||||
REGENXBIO, Inc.* (Biotechnology) | 572 | 17,944 | ||||||
Regional Management Corp. (Consumer Finance) | 109 | 4,469 | ||||||
Relay Therapeutics, Inc.* (Biotechnology) | 1,089 | 20,713 | ||||||
Relmada Therapeutics, Inc.* (Pharmaceuticals) | 390 | 9,984 | ||||||
Remitly Global, Inc.* (IT Services) | 1,198 | 11,417 | ||||||
Renasant Corp. (Banks) | 779 | 26,019 | ||||||
Rent the Runway, Inc.* - Class A (Internet & Direct Marketing Retail) | 664 | 2,948 | ||||||
Rent-A-Center, Inc. (Specialty Retail) | 756 | 17,789 | ||||||
Repay Holdings Corp.* (IT Services) | 1,247 | 16,710 | ||||||
Replimune Group, Inc.* (Biotechnology) | 430 | 8,290 | ||||||
Republic Bancorp, Inc. - Class A (Banks) | 126 | 5,650 | ||||||
Republic First Bancorp, Inc.* (Banks) | 688 | 2,491 | ||||||
Reservoir Media, Inc.* (Entertainment) | 291 | 1,892 | ||||||
Resideo Technologies, Inc.* (Building Products) | 2,059 | 46,348 | ||||||
Resolute Forest Products, Inc.* (Paper & Forest Products) | 655 | 13,283 | ||||||
Resources Connection, Inc. (Professional Services) | 453 | 9,721 | ||||||
Retail Opportunity Investments Corp. (Equity Real Estate Investment Trusts (REITs)) | 1,717 | 29,979 | ||||||
REV Group, Inc. (Machinery) | 496 | 5,773 | ||||||
Revance Therapeutics, Inc.* (Pharmaceuticals) | 998 | 15,489 | ||||||
REVOLUTION Medicines, Inc.* (Biotechnology) | 897 | 20,263 | ||||||
Revolve Group, Inc.* (Internet & Direct Marketing Retail) | 581 | 16,454 | ||||||
REX American Resources Corp.* (Oil, Gas & Consumable Fuels) | 75 | 7,160 | ||||||
Ribbon Communications, Inc.* (Communications Equipment) | 1,029 | 3,488 | ||||||
Rigel Pharmaceuticals, Inc.* (Biotechnology) | 2,455 | 2,921 | ||||||
Rigetti Computing, Inc.* (Semiconductors & Semiconductor Equipment) | 456 | 2,020 | ||||||
Riley Exploration Permian, Inc. (Oil, Gas & Consumable Fuels) | 148 | 3,919 | ||||||
Rimini Street, Inc.* (Software) | 693 | 4,865 | ||||||
Ring Energy, Inc.* (Oil, Gas & Consumable Fuels) | 1,230 | 3,456 | ||||||
Riot Blockchain, Inc.* (Software) | 1,666 | 12,195 | ||||||
Rite Aid Corp.* (Food & Staples Retailing) | 777 | 6,395 | ||||||
RLI Corp. (Insurance) | 556 | 61,149 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
RLJ Lodging Trust (Equity Real Estate Investment Trusts (REITs)) | 2,341 | $ | 29,239 | |||||
Rocket Lab USA, Inc.* (Aerospace & Defense) | 3,035 | 14,173 | ||||||
Rocket Pharmaceuticals, Inc.* (Biotechnology) | 623 | 9,034 | ||||||
Rockley Photonics Holdings, Ltd.* (Semiconductors & Semiconductor Equipment) | 1,450 | 3,712 | ||||||
Rocky Brands, Inc. (Textiles, Apparel & Luxury Goods) | 98 | 3,222 | ||||||
Rogers Corp.* (Electronic Equipment, Instruments & Components) | 267 | 71,889 | ||||||
Root, Inc.* - Class A (Insurance) | 1,987 | 2,086 | ||||||
Rover Group, Inc.* (Diversified Consumer Services) | 1,320 | 5,768 | ||||||
RPC, Inc.* (Energy Equipment & Services) | 1,058 | 8,633 | ||||||
RPT Realty (Equity Real Estate Investment Trusts (REITs)) | 1,189 | 12,924 | ||||||
RumbleON, Inc.* - Class B (Internet & Direct Marketing Retail) | 147 | 2,455 | ||||||
Rush Enterprises, Inc. - Class A (Trading Companies & Distributors) | 604 | 29,107 | ||||||
Rush Enterprises, Inc. - Class B (Trading Companies & Distributors) | 97 | 5,262 | ||||||
Rush Street Interactive, Inc.* (Hotels, Restaurants & Leisure) | 865 | 4,792 | ||||||
Ruth's Hospitality Group, Inc. (Hotels, Restaurants & Leisure) | 465 | 8,161 | ||||||
RxSight, Inc.* (Health Care Equipment & Supplies) | 293 | 4,383 | ||||||
Ryerson Holding Corp. (Metals & Mining) | 236 | 6,466 | ||||||
Ryman Hospitality Properties, Inc.* - Class I (Equity Real Estate Investment Trusts (REITs)) | 766 | 67,822 | ||||||
S&T Bancorp, Inc. (Banks) | 556 | 17,203 | ||||||
Sabra Health Care REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 3,286 | 50,572 | ||||||
Sabre Corp.* (IT Services) | 4,643 | 28,554 | ||||||
Safe Bulkers, Inc. (Marine) | 1,042 | 4,022 | ||||||
Safehold, Inc. (Equity Real Estate Investment Trusts (REITs)) | 309 | 13,176 | ||||||
Safety Insurance Group, Inc. (Insurance) | 203 | 17,570 | ||||||
Sage Therapeutics, Inc.* (Biotechnology) | 741 | 25,498 | ||||||
Saia, Inc.* (Road & Rail) | 378 | 89,908 | ||||||
Sailpoint Technologies Holding, Inc.* (Software) | 1,326 | 84,560 | ||||||
Sally Beauty Holdings, Inc.* (Specialty Retail) | 1,525 | 19,490 | ||||||
Sana Biotechnology, Inc.* (Biotechnology) | 1,265 | 8,450 | ||||||
SandRidge Energy, Inc.* (Oil, Gas & Consumable Fuels) | 453 | 8,485 | ||||||
Sandy Spring Bancorp, Inc. (Banks) | 630 | 26,019 | ||||||
Sangamo Therapeutics, Inc.* (Biotechnology) | 1,704 | 7,310 | ||||||
Sanmina Corp.* (Electronic Equipment, Instruments & Components) | 855 | 39,373 | ||||||
Sapiens International Corp. N.V. (Software) | 437 | 11,497 | ||||||
Sarcos Technology and Robotics Corp.* (Machinery) | 1,079 | 3,615 | ||||||
Saul Centers, Inc. (Equity Real Estate Investment Trusts (REITs)) | 168 | 8,783 | ||||||
ScanSource, Inc.* (Electronic Equipment, Instruments & Components) | 365 | 11,662 | ||||||
Schnitzer Steel Industries, Inc. - Class A (Metals & Mining) | 369 | 13,122 | ||||||
Scholastic Corp. (Media) | 393 | 18,499 | ||||||
Schrodinger, Inc.* (Health Care Technology) | 768 | 24,038 | ||||||
Schweitzer-Mauduit International, Inc. (Paper & Forest Products) | 449 | 9,811 | ||||||
Science 37 Holdings, Inc.* (Life Sciences Tools & Services) | 886 | 1,763 | ||||||
Scorpio Tankers, Inc. (Oil, Gas & Consumable Fuels) | 707 | 27,297 | ||||||
Sculptor Capital Management, Inc. (Capital Markets) | 373 | 3,659 | ||||||
Seacoast Banking Corp. of Florida (Banks) | 862 | 30,842 | ||||||
SeaSpine Holdings Corp.* (Health Care Equipment & Supplies) | 505 | 3,000 | ||||||
SeaWorld Entertainment, Inc.* (Hotels, Restaurants & Leisure) | 643 | 30,690 | ||||||
SecureWorks Corp.* - Class A (Software) | 139 | 1,380 | ||||||
Seer, Inc.* (Life Sciences Tools & Services) | 735 | 6,615 | ||||||
Select Energy Services, Inc.* (Energy Equipment & Services) | 1,016 | 7,590 | ||||||
Select Medical Holdings Corp. (Health Care Providers & Services) | 1,538 | 45,556 | ||||||
Selective Insurance Group, Inc. (Insurance) | 849 | 66,103 | ||||||
Selectquote, Inc.* (Insurance) | 1,902 | 3,500 | ||||||
Sema4 Holdings Corp.* (Health Care Technology) | 2,249 | 3,643 | ||||||
Semtech Corp.* (Semiconductors & Semiconductor Equipment) | 901 | 56,159 | ||||||
Seneca Foods Corp.* - Class A (Food Products) | 83 | 4,724 | ||||||
Senseonics Holdings, Inc.* (Health Care Equipment & Supplies) | 6,519 | 8,410 | ||||||
Sensient Technologies Corp. (Chemicals) | 597 | 51,330 | ||||||
Seres Therapeutics, Inc.* (Biotechnology) | 1,002 | 4,118 | ||||||
Seritage Growth Properties* - Class A (Equity Real Estate Investment Trusts (REITs)) | 625 | 7,513 | ||||||
Service Properties Trust (Equity Real Estate Investment Trusts (REITs)) | 2,339 | 15,297 | ||||||
ServisFirst Bancshares, Inc. (Banks) | 714 | 61,011 | ||||||
SFL Corp., Ltd. (Oil, Gas & Consumable Fuels) | 1,635 | 16,301 | ||||||
Shake Shack, Inc.* - Class A (Hotels, Restaurants & Leisure) | 534 | 27,480 | ||||||
Sharecare, Inc.* (Health Care Technology) | 872 | 1,247 | ||||||
Shenandoah Telecommunications Co. (Wireless Telecommunication Services) | 690 | 15,387 | ||||||
Shoals Technologies Group, Inc.* - Class A (Electrical Equipment) | 1,593 | 37,643 | ||||||
Shockwave Medical, Inc.* (Health Care Equipment & Supplies) | 507 | 106,942 | ||||||
Shoe Carnival, Inc. (Specialty Retail) | 250 | 5,453 | ||||||
Shore Bancshares, Inc. (Banks) | 254 | 4,978 | ||||||
ShotSpotter, Inc.* (Software) | 127 | 4,266 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Shutterstock, Inc. (Internet & Direct Marketing Retail) | 345 | $ | 19,492 | |||||
SI-BONE, Inc.* (Health Care Equipment & Supplies) | 477 | 6,411 | ||||||
Sierra Bancorp (Banks) | 196 | 4,400 | ||||||
SIGA Technologies, Inc. (Pharmaceuticals) | 670 | 11,517 | ||||||
Sight Sciences, Inc.* (Health Care Equipment & Supplies) | 306 | 2,840 | ||||||
Signet Jewelers, Ltd. (Specialty Retail) | 664 | 40,477 | ||||||
Silicon Laboratories, Inc.* (Semiconductors & Semiconductor Equipment) | 516 | 76,100 | ||||||
Silk Road Medical, Inc.* (Health Care Equipment & Supplies) | 492 | 22,391 | ||||||
SilverBow Resources, Inc.* (Oil, Gas & Consumable Fuels) | 167 | 7,547 | ||||||
Silvercrest Asset Management Group, Inc. - Class A (Capital Markets) | 141 | 2,510 | ||||||
Silvergate Capital Corp.* - Class A (Banks) | 446 | 41,607 | ||||||
Simmons First National Corp. - Class A (Banks) | 1,781 | 42,299 | ||||||
Simpson Manufacturing Co., Inc. (Building Products) | 617 | 63,723 | ||||||
Simulations Plus, Inc. (Health Care Technology) | 223 | 14,305 | ||||||
Sinclair Broadcast Group, Inc. - Class A (Media) | 593 | 12,951 | ||||||
Singular Genomics Systems, Inc.* (Life Sciences Tools & Services) | 793 | 3,021 | ||||||
SiriusPoint, Ltd.* (Insurance) | 1,311 | 5,742 | ||||||
SITE Centers Corp. (Equity Real Estate Investment Trusts (REITs)) | 2,773 | 40,514 | ||||||
SiTime Corp.* (Semiconductors & Semiconductor Equipment) | 228 | 42,403 | ||||||
Sitio Royalties Corp. (Oil, Gas & Consumable Fuels) | 167 | 4,913 | ||||||
SJW Corp. (Water Utilities) | 384 | 25,213 | ||||||
Skillsoft Corp.* (Professional Services) | 1,155 | 4,435 | ||||||
Skillz, Inc.* (Entertainment) | 4,350 | 6,873 | ||||||
Skyline Champion Corp.* (Household Durables) | 760 | 48,107 | ||||||
SkyWater Technology, Inc.* (Semiconductors & Semiconductor Equipment) | 153 | 2,056 | ||||||
SkyWest, Inc.* (Airlines) | 710 | 17,147 | ||||||
Sleep Number Corp.* (Specialty Retail) | 307 | 13,833 | ||||||
SM Energy Co. (Oil, Gas & Consumable Fuels) | 1,725 | 71,208 | ||||||
SMART Global Holdings, Inc.* (Semiconductors & Semiconductor Equipment) | 699 | 13,714 | ||||||
SmartFinancial, Inc. (Banks) | 221 | 5,801 | ||||||
SmartRent, Inc.* (Electronic Equipment, Instruments & Components) | 1,693 | 9,582 | ||||||
Smith & Wesson Brands, Inc. (Leisure Products) | 646 | 9,399 | ||||||
Snap One Holdings Corp.* (Household Durables) | 257 | 3,125 | ||||||
Solaris Oilfield Infrastructure, Inc. (Energy Equipment & Services) | 449 | 4,979 | ||||||
SolarWinds Corp. (IT Services) | 688 | 7,368 | ||||||
Solid Power, Inc.* (Auto Components) | 808 | 5,123 | ||||||
Solo Brands, Inc.* - Class A (Leisure Products) | 312 | 1,557 | ||||||
SomaLogic, Inc.* (Life Sciences Tools & Services) | 2,130 | 10,757 | ||||||
Sonder Holdings, Inc.* (Hotels, Restaurants & Leisure) | 619 | 959 | ||||||
Sonic Automotive, Inc. - Class A (Specialty Retail) | 287 | 12,011 | ||||||
Sonos, Inc.* (Household Durables) | 1,817 | 40,174 | ||||||
Sorrento Therapeutics, Inc.* (Biotechnology) | 5,411 | 14,069 | ||||||
South Jersey Industries, Inc. (Gas Utilities) | 1,748 | 59,921 | ||||||
South Plains Financial, Inc. (Banks) | 144 | 3,804 | ||||||
Southern First Bancshares, Inc.* (Banks) | 108 | 4,833 | ||||||
Southern Missouri Bancorp, Inc. (Thrifts & Mortgage Finance) | 113 | 6,095 | ||||||
Southside Bancshares, Inc. (Banks) | 435 | 17,374 | ||||||
SouthState Corp. (Banks) | 1,068 | 90,533 | ||||||
Southwest Gas Holdings, Inc. (Gas Utilities) | 940 | 81,743 | ||||||
Sovos Brands, Inc.* (Food Products) | 405 | 5,735 | ||||||
SP Plus Corp.* (Commercial Services & Supplies) | 331 | 11,340 | ||||||
SpartanNash Co. (Food & Staples Retailing) | 508 | 16,403 | ||||||
Spire Global, Inc.* (Technology Hardware, Storage & Peripherals) | 1,778 | 2,667 | ||||||
Spire, Inc. (Gas Utilities) | 726 | 54,624 | ||||||
Spirit Airlines, Inc.* (Airlines) | 1,551 | 38,417 | ||||||
Sportsman's Warehouse Holdings, Inc.* (Specialty Retail) | 618 | 6,093 | ||||||
SpringWorks Therapeutics, Inc.* (Biotechnology) | 494 | 14,761 | ||||||
Sprout Social, Inc.* - Class A (Software) | 655 | 34,126 | ||||||
Sprouts Farmers Market, Inc.* (Food & Staples Retailing) | 1,563 | 43,201 | ||||||
SPS Commerce, Inc.* (Software) | 516 | 61,797 | ||||||
SPX Corp.* (Machinery) | 631 | 37,311 | ||||||
Squarespace, Inc.* - Class A (IT Services) | 446 | 9,486 | ||||||
STAAR Surgical Co.* (Health Care Equipment & Supplies) | 682 | 55,037 | ||||||
STAG Industrial, Inc. (Equity Real Estate Investment Trusts (REITs)) | 2,569 | 84,211 | ||||||
Stagwell, Inc.* (Media) | 1,112 | 7,350 | ||||||
Standard Motor Products, Inc. (Auto Components) | 293 | 13,402 | ||||||
Standex International Corp. (Machinery) | 170 | 16,504 | ||||||
Starry Group Holdings, Inc.* - Class A (Diversified Telecommunication Services) | 338 | 1,082 | ||||||
Steelcase, Inc. - Class A (Commercial Services & Supplies) | 1,227 | 13,657 | ||||||
Stem, Inc.* (Electrical Equipment) | 2,051 | 23,238 | ||||||
Stepan Co. (Chemicals) | 304 | 34,112 | ||||||
StepStone Group, Inc. - Class A (Capital Markets) | 750 | 19,980 | ||||||
Sterling Bancorp, Inc.* (Thrifts & Mortgage Finance) | 243 | 1,521 | ||||||
Sterling Check Corp.* (Professional Services) | 337 | 6,622 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Sterling Construction Co., Inc.* (Construction & Engineering) | 416 | $ | 10,695 | |||||
Steven Madden, Ltd. (Textiles, Apparel & Luxury Goods) | 1,124 | 35,631 | ||||||
Stewart Information Services Corp. (Insurance) | 382 | 20,876 | ||||||
Stitch Fix, Inc.* - Class A (Internet & Direct Marketing Retail) | 1,156 | 6,901 | ||||||
Stock Yards Bancorp, Inc. (Banks) | 407 | 28,144 | ||||||
Stoke Therapeutics, Inc.* (Biotechnology) | 320 | 4,733 | ||||||
StoneCo, Ltd.* - Class A (IT Services) | 3,946 | 37,803 | ||||||
StoneMor, Inc.* (Diversified Consumer Services) | 389 | 1,319 | ||||||
Stoneridge, Inc.* (Auto Components) | 375 | 7,058 | ||||||
StoneX Group, Inc.* (Capital Markets) | 245 | 21,347 | ||||||
Strategic Education, Inc. (Diversified Consumer Services) | 328 | 23,560 | ||||||
Stratus Properties, Inc.* (Real Estate Management & Development) | 83 | 2,629 | ||||||
Stride, Inc.* (Diversified Consumer Services) | 578 | 25,825 | ||||||
Sturm Ruger & Co., Inc. (Leisure Products) | 245 | 16,202 | ||||||
Summit Financial Group, Inc. (Banks) | 159 | 4,851 | ||||||
Summit Hotel Properties, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 1,491 | 11,704 | ||||||
Summit Materials, Inc.* - Class A (Construction Materials) | 1,688 | 46,437 | ||||||
Sumo Logic, Inc.* (Software) | 1,216 | 8,232 | ||||||
Sun Country Airlines Holdings, Inc.* (Airlines) | 471 | 9,500 | ||||||
SunCoke Energy, Inc. (Metals & Mining) | 1,186 | 8,776 | ||||||
Sunlight Financial Holdings, Inc.* (Consumer Finance) | 345 | 1,311 | ||||||
Sunnova Energy International, Inc.* (Independent Power and Renewable Electricity Producers) | 1,413 | 36,766 | ||||||
SunOpta, Inc.* (Food Products) | 1,391 | 12,269 | ||||||
SunPower Corp.* (Semiconductors & Semiconductor Equipment) | 1,165 | 23,731 | ||||||
Sunstone Hotel Investors, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 3,062 | 34,692 | ||||||
Super Micro Computer, Inc.* (Technology Hardware, Storage & Peripherals) | 646 | 34,889 | ||||||
Superior Group of Cos., Inc. (Textiles, Apparel & Luxury Goods) | 166 | 3,064 | ||||||
Supernus Pharmaceuticals, Inc.* (Pharmaceuticals) | 698 | 22,162 | ||||||
Surgery Partners, Inc.* (Health Care Providers & Services) | 565 | 22,250 | ||||||
Surmodics, Inc.* (Health Care Equipment & Supplies) | 194 | 6,751 | ||||||
Sutro BioPharma, Inc.* (Biotechnology) | 626 | 3,662 | ||||||
Sweetgreen, Inc.* - Class A (Hotels, Restaurants & Leisure) | 192 | 3,016 | ||||||
SWK Holdings Corp.* (Diversified Financial Services) | 51 | 922 | ||||||
Sylvamo Corp. (Paper & Forest Products) | 505 | 19,816 | ||||||
Synaptics, Inc.* (Semiconductors & Semiconductor Equipment) | 565 | 81,898 | ||||||
Syndax Pharmaceuticals, Inc.* (Biotechnology) | 737 | 15,013 | ||||||
Tactile Systems Technology, Inc.* (Health Care Equipment & Supplies) | 276 | 2,139 | ||||||
Talaris Therapeutics, Inc.* (Biotechnology) | 319 | 1,420 | ||||||
Talos Energy, Inc.* (Oil, Gas & Consumable Fuels) | 942 | 17,851 | ||||||
Tanger Factory Outlet Centers, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,444 | 23,494 | ||||||
Tango Therapeutics, Inc.* (Biotechnology) | 663 | 2,712 | ||||||
Target Hospitality Corp.* (Hotels, Restaurants & Leisure) | 435 | 5,981 | ||||||
Tarsus Pharmaceuticals, Inc.* (Pharmaceuticals) | 258 | 3,875 | ||||||
Tattooed Chef, Inc.* (Food Products) | 697 | 4,398 | ||||||
Taylor Morrison Home Corp.* (Household Durables) | 1,645 | 47,211 | ||||||
TechTarget, Inc.* (Media) | 391 | 25,489 | ||||||
Teekay Corp.* (Oil, Gas & Consumable Fuels) | 993 | 3,118 | ||||||
Teekay Tankers, Ltd.* - Class A (Oil, Gas & Consumable Fuels) | 326 | 6,804 | ||||||
TEGNA, Inc. (Media) | 3,174 | 66,463 | ||||||
Tejon Ranch Co.* (Real Estate Management & Development) | 296 | 4,890 | ||||||
Telephone and Data Systems, Inc. (Wireless Telecommunication Services) | 1,436 | 22,704 | ||||||
Tellurian, Inc.* (Oil, Gas & Consumable Fuels) | 7,263 | 27,018 | ||||||
Telos Corp.* (Software) | 767 | 6,090 | ||||||
Tenable Holdings, Inc.* (Software) | 1,565 | 60,487 | ||||||
Tenaya Therapeutics, Inc.* (Biotechnology) | 398 | 1,898 | ||||||
Tennant Co. (Machinery) | 264 | 17,696 | ||||||
Tenneco, Inc.* (Auto Components) | 1,175 | 22,172 | ||||||
Tenon Medical, Inc.* (Health Care Equipment & Supplies) | 45 | 95 | ||||||
Terawulf, Inc.* (Software) | 303 | 436 | ||||||
Terex Corp. (Machinery) | 970 | 32,505 | ||||||
Terran Orbital Corp.* (Aerospace & Defense) | 341 | 1,446 | ||||||
Terreno Realty Corp. (Equity Real Estate Investment Trusts (REITs)) | 1,059 | 66,346 | ||||||
TETRA Technologies, Inc.* (Energy Equipment & Services) | 1,771 | 7,757 | ||||||
Texas Capital Bancshares, Inc.* (Banks) | 724 | 42,441 | ||||||
Texas Roadhouse, Inc. (Hotels, Restaurants & Leisure) | 973 | 84,866 | ||||||
Textainer Group Holdings, Ltd. (Trading Companies & Distributors) | 661 | 22,454 | ||||||
TG Therapeutics, Inc.* (Biotechnology) | 1,895 | 11,351 | ||||||
The Andersons, Inc. (Food & Staples Retailing) | 457 | 16,530 | ||||||
The Arena Group Holdings, Inc.* (Interactive Media & Services) | 162 | 1,686 | ||||||
The Bancorp, Inc.* (Banks) | 794 | 19,532 | ||||||
The Bank of NT Butterfield & Son, Ltd. (Banks) | 708 | 23,994 | ||||||
The Beachbody Co., Inc.* (Diversified Consumer Services) | 1,488 | 1,786 | ||||||
The Beauty Health Co.* (Personal Products) | 1,420 | 18,914 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
The Brink's Co. (Commercial Services & Supplies) | 661 | $ | 37,637 | |||||
The Buckle, Inc. (Specialty Retail) | 430 | 12,986 | ||||||
The Cato Corp. - Class A (Specialty Retail) | 262 | 3,236 | ||||||
The Cheesecake Factory, Inc. (Hotels, Restaurants & Leisure) | 708 | 20,695 | ||||||
The Chefs' Warehouse, Inc.* (Food & Staples Retailing) | 486 | 16,820 | ||||||
The Children's Place, Inc.* (Specialty Retail) | 188 | 8,148 | ||||||
The Container Store Group, Inc.* (Specialty Retail) | 463 | 3,454 | ||||||
The Duckhorn Portfolio, Inc.* (Beverages) | 526 | 9,647 | ||||||
The E.W. Scripps Co.* - Class A (Media) | 833 | 11,879 | ||||||
The Ensign Group, Inc. (Health Care Providers & Services) | 767 | 61,122 | ||||||
The First Bancorp, Inc. (Banks) | 138 | 4,168 | ||||||
The First Bancshares, Inc. (Banks) | 280 | 8,120 | ||||||
The First of Long Island Corp. (Banks) | 317 | 5,769 | ||||||
The GEO Group, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 1,685 | 11,054 | ||||||
The Goodyear Tire & Rubber Co.* (Auto Components) | 3,993 | 49,034 | ||||||
The Gorman-Rupp Co. (Machinery) | 324 | 9,947 | ||||||
The Greenbrier Cos., Inc. (Machinery) | 454 | 14,446 | ||||||
The Hackett Group, Inc. (IT Services) | 383 | 8,032 | ||||||
The Hain Celestial Group, Inc.* (Food Products) | 1,071 | 24,365 | ||||||
The Honest Co., Inc.* (Personal Products) | 925 | 3,090 | ||||||
The Joint Corp.* (Health Care Providers & Services) | 200 | 3,420 | ||||||
The Lovesac Co.* (Household Durables) | 198 | 6,170 | ||||||
The Macerich Co. (Equity Real Estate Investment Trusts (REITs)) | 3,067 | 32,541 | ||||||
The Manitowoc Co., Inc.* (Machinery) | 494 | 5,646 | ||||||
The Marcus Corp.* (Entertainment) | 339 | 5,570 | ||||||
The Necessity Retail REIT, Inc. (Equity Real Estate Investment Trusts (REITs)) | 1,903 | 14,824 | ||||||
The ODP Corp.* (Specialty Retail) | 612 | 22,216 | ||||||
The Oncology Institute, Inc.* (Health Care Providers & Services) | 267 | 1,725 | ||||||
The ONE Group Hospitality, Inc.* (Hotels, Restaurants & Leisure) | 321 | 2,693 | ||||||
The Pennant Group, Inc.* (Health Care Providers & Services) | 371 | 4,949 | ||||||
The RealReal, Inc.* (Internet & Direct Marketing Retail) | 1,211 | 2,822 | ||||||
The RMR Group, Inc. - Class A (Real Estate Management & Development) | 218 | 6,302 | ||||||
The Shyft Group, Inc. (Machinery) | 492 | 12,762 | ||||||
The Simply Good Foods Co.* (Food Products) | 1,282 | 41,819 | ||||||
The St Joe Co. (Real Estate Management & Development) | 491 | 20,632 | ||||||
The Vita Coco Co., Inc.* (Beverages) | 397 | 4,784 | ||||||
The York Water Co. (Water Utilities) | 202 | 8,684 | ||||||
TherapeuticsMD, Inc.* (Pharmaceuticals) | 1 | 6 | ||||||
Theravance Biopharma, Inc.* (Pharmaceuticals) | 916 | 8,052 | ||||||
Thermon Group Holdings, Inc.* (Electrical Equipment) | 471 | 7,333 | ||||||
Theseus Pharmaceuticals, Inc.* (Pharmaceuticals) | 242 | 1,745 | ||||||
Third Coast Bancshares, Inc.* (Banks) | 181 | 3,396 | ||||||
Thorne HealthTech, Inc.* (Personal Products) | 195 | 1,012 | ||||||
ThredUp, Inc.* - Class A (Internet & Direct Marketing Retail) | 836 | 1,881 | ||||||
Thryv Holdings, Inc.* (Media) | 362 | 8,811 | ||||||
Tidewater, Inc.* (Energy Equipment & Services) | 542 | 11,940 | ||||||
Tile Shop Holdings, Inc. (Specialty Retail) | 518 | 1,725 | ||||||
Tilly's, Inc. - Class A (Specialty Retail) | 328 | 2,483 | ||||||
TimkenSteel Corp.* (Metals & Mining) | 661 | 13,412 | ||||||
Tiptree, Inc. (Insurance) | 339 | 3,766 | ||||||
Titan International, Inc.* (Machinery) | 729 | 12,218 | ||||||
Titan Machinery, Inc.* (Trading Companies & Distributors) | 289 | 8,130 | ||||||
Tompkins Financial Corp. (Banks) | 200 | 15,430 | ||||||
Tonix Pharmaceuticals Holding Corp.* (Biotechnology) | 1 | 2 | ||||||
Tootsie Roll Industries, Inc. (Food Products) | 216 | 7,586 | ||||||
Torrid Holdings, Inc.* (Specialty Retail) | 210 | 853 | ||||||
TowneBank (Banks) | 959 | 28,645 | ||||||
TPG RE Finance Trust, Inc. - Class T (Mortgage Real Estate Investment Trusts (REITs)) | 981 | 10,644 | ||||||
TPI Composites, Inc.* (Electrical Equipment) | 521 | 8,581 | ||||||
Traeger, Inc.* (Household Durables) | 455 | 1,397 | ||||||
Transcat, Inc.* (Trading Companies & Distributors) | 101 | 6,294 | ||||||
Transcontinental Realty Investors, Inc.* (Real Estate Management & Development) | 18 | 779 | ||||||
TransMedics Group, Inc.* (Health Care Equipment & Supplies) | 382 | 15,425 | ||||||
Transphorm, Inc.* (Semiconductors & Semiconductor Equipment) | 304 | 1,566 | ||||||
TravelCenters of America, Inc.* (Specialty Retail) | 179 | 7,468 | ||||||
Travere Therapeutics, Inc.* (Biotechnology) | 867 | 20,409 | ||||||
Treace Medical Concepts, Inc.* (Health Care Equipment & Supplies) | 475 | 8,037 | ||||||
Trean Insurance Group, Inc.* (Insurance) | 321 | 1,656 | ||||||
Tredegar Corp. (Chemicals) | 387 | 4,056 | ||||||
TreeHouse Foods, Inc.* (Food Products) | 724 | 31,436 | ||||||
Tri Pointe Homes, Inc.* (Household Durables) | 1,462 | 27,076 | ||||||
Tricida, Inc.* (Pharmaceuticals) | 474 | 4,342 | ||||||
TriCo Bancshares (Banks) | 450 | 21,510 | ||||||
TriMas Corp. (Containers & Packaging) | 603 | 17,849 | ||||||
TriNet Group, Inc.* (Professional Services) | 533 | 43,973 | ||||||
Trinity Industries, Inc. (Machinery) | 1,189 | 30,855 | ||||||
Trinseo PLC (Chemicals) | 514 | 18,386 | ||||||
Triton International, Ltd. (Trading Companies & Distributors) | 906 | 58,057 | ||||||
Triumph Bancorp, Inc.* (Banks) | 342 | 24,846 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Triumph Group, Inc.* (Aerospace & Defense) | 912 | $ | 14,172 | |||||
Tronox Holdings PLC - Class A (Chemicals) | 1,666 | 26,006 | ||||||
TrueBlue, Inc.* (Professional Services) | 466 | 10,084 | ||||||
TrueCar, Inc.* (Interactive Media & Services) | 1,319 | 3,390 | ||||||
Trupanion, Inc.* (Insurance) | 556 | 35,045 | ||||||
TrustCo Bank Corp. (Thrifts & Mortgage Finance) | 267 | 8,961 | ||||||
Trustmark Corp. (Banks) | 872 | 28,314 | ||||||
TTEC Holdings, Inc. (IT Services) | 268 | 19,610 | ||||||
TTM Technologies, Inc.* (Electronic Equipment, Instruments & Components) | 1,443 | 19,524 | ||||||
Tucows, Inc.* (IT Services) | 141 | 6,524 | ||||||
Tupperware Brands Corp.* (Household Durables) | 649 | 4,842 | ||||||
Turning Point Brands, Inc. (Tobacco) | 218 | 5,232 | ||||||
Turning Point Therapeutics, Inc.* (Biotechnology) | 651 | 48,812 | ||||||
Turtle Beach Corp.* (Technology Hardware, Storage & Peripherals) | 221 | 2,873 | ||||||
TuSimple Holdings, Inc.* - Class A (Road & Rail) | 1,991 | 19,830 | ||||||
Tutor Perini Corp.* (Construction & Engineering) | 599 | 5,439 | ||||||
Twist Bioscience Corp.* (Biotechnology) | 799 | 34,948 | ||||||
Two Harbors Investment Corp. (Mortgage Real Estate Investment Trusts (REITs)) | 4,919 | 26,464 | ||||||
Tyra Biosciences, Inc.* (Biotechnology) | 187 | 1,992 | ||||||
U.S. Cellular Corp.* (Wireless Telecommunication Services) | 212 | 6,209 | ||||||
U.S. Lime & Minerals, Inc. (Construction Materials) | 29 | 2,983 | ||||||
U.S. Physical Therapy, Inc. (Health Care Providers & Services) | 183 | 23,750 | ||||||
U.S. Silica Holdings, Inc.* (Energy Equipment & Services) | 1,056 | 14,604 | ||||||
Udemy, Inc.* (Diversified Consumer Services) | 1,028 | 12,285 | ||||||
UFP Industries, Inc. (Building Products) | 867 | 79,945 | ||||||
UFP Technologies, Inc.* (Containers & Packaging) | 97 | 7,810 | ||||||
Ultra Clean Holdings, Inc.* (Semiconductors & Semiconductor Equipment) | 643 | 21,605 | ||||||
UMB Financial Corp. (Banks) | 627 | 56,744 | ||||||
UMH Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) | 705 | 15,024 | ||||||
Unifi, Inc.* (Textiles, Apparel & Luxury Goods) | 198 | 2,699 | ||||||
UniFirst Corp. (Commercial Services & Supplies) | 213 | 41,725 | ||||||
Unisys Corp.* (IT Services) | 943 | 12,938 | ||||||
United Bankshares, Inc. (Banks) | 1,886 | 73,064 | ||||||
United Community Banks, Inc. (Banks) | 1,513 | 51,487 | ||||||
United Fire Group, Inc. (Insurance) | 304 | 9,980 | ||||||
United Natural Foods, Inc.* (Food & Staples Retailing) | 828 | 35,198 | ||||||
Uniti Group, Inc. (Equity Real Estate Investment Trusts (REITs)) | 3,379 | 33,689 | ||||||
Unitil Corp. (Multi-Utilities) | 226 | 12,378 | ||||||
Unity Bancorp, Inc. (Banks) | 100 | 2,802 | ||||||
Universal Corp. (Tobacco) | 344 | 19,233 | ||||||
Universal Electronics, Inc.* (Household Durables) | 172 | 4,773 | ||||||
Universal Health Realty Income Trust (Equity Real Estate Investment Trusts (REITs)) | 182 | 9,810 | ||||||
Universal Insurance Holdings, Inc. (Insurance) | 372 | 4,706 | ||||||
Universal Logistics Holdings, Inc. (Road & Rail) | 104 | 3,125 | ||||||
Universal Technical Institute, Inc.* (Diversified Consumer Services) | 461 | 3,706 | ||||||
Univest Financial Corp. (Banks) | 415 | 10,350 | ||||||
Upland Software, Inc.* (Software) | 414 | 4,686 | ||||||
Upwork, Inc.* (Professional Services) | 1,707 | 31,682 | ||||||
Uranium Energy Corp.* (Oil, Gas & Consumable Fuels) | 3,978 | 16,708 | ||||||
Urban Edge Properties (Equity Real Estate Investment Trusts (REITs)) | 1,629 | 26,764 | ||||||
Urban One, Inc.* (Media) | 117 | 589 | ||||||
Urban One, Inc.* (Media) | 171 | 600 | ||||||
Urban Outfitters, Inc.* (Specialty Retail) | 939 | 19,231 | ||||||
Ur-Energy, Inc.* (Oil, Gas & Consumable Fuels) | 2,979 | 3,545 | ||||||
Urstadt Biddle Properties, Inc. - Class A (Equity Real Estate Investment Trusts (REITs)) | 424 | 7,802 | ||||||
USANA Health Sciences, Inc.* (Personal Products) | 160 | 11,139 | ||||||
USCB Financial Holdings, Inc.* (Banks) | 154 | 1,870 | ||||||
UserTesting, Inc.* (Software) | 673 | 4,260 | ||||||
Utah Medical Products, Inc. (Health Care Equipment & Supplies) | 49 | 4,476 | ||||||
Utz Brands, Inc. (Food Products) | 936 | 15,744 | ||||||
VAALCO Energy, Inc. (Oil, Gas & Consumable Fuels) | 832 | 4,934 | ||||||
Vacasa, Inc.* - Class A (Hotels, Restaurants & Leisure) | 581 | 1,516 | ||||||
Valaris, Ltd.* (Energy Equipment & Services) | 867 | 43,506 | ||||||
Valhi, Inc. (Chemicals) | 34 | 1,737 | ||||||
Valley National Bancorp (Banks) | 6,133 | 71,695 | ||||||
Value Line, Inc. (Capital Markets) | 13 | 1,128 | ||||||
Vanda Pharmaceuticals, Inc.* (Biotechnology) | 791 | 8,527 | ||||||
Varex Imaging Corp.* (Health Care Equipment & Supplies) | 549 | 12,237 | ||||||
Varonis Systems, Inc.* (Software) | 1,551 | 39,442 | ||||||
Vaxart, Inc.* (Biotechnology) | 1,762 | 6,484 | ||||||
Vaxcyte, Inc.* (Pharmaceuticals) | 750 | 17,310 | ||||||
VBI Vaccines, Inc.* (Biotechnology) | 2,743 | 2,333 | ||||||
Vector Group, Ltd. (Tobacco) | 2,047 | 22,804 | ||||||
Vectrus, Inc.* (Aerospace & Defense) | 164 | 5,451 | ||||||
Veeco Instruments, Inc.* (Semiconductors & Semiconductor Equipment) | 710 | 15,478 | ||||||
Velo3D, Inc.* (Technology Hardware, Storage & Peripherals) | 802 | 2,574 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
Velocity Financial, Inc.* (Thrifts & Mortgage Finance) | 123 | $ | 1,455 | |||||
Velodyne Lidar, Inc.* (Electronic Equipment, Instruments & Components) | 2,748 | 2,885 | ||||||
Ventyx Biosciences, Inc.* (Pharmaceuticals) | 320 | 4,835 | ||||||
Vera Therapeutics, Inc.* (Biotechnology) | 197 | 3,398 | ||||||
Veracyte, Inc.* (Biotechnology) | 1,021 | 26,893 | ||||||
Vericel Corp.* (Biotechnology) | 672 | 21,867 | ||||||
Verint Systems, Inc.* (Software) | 906 | 41,377 | ||||||
Veris Residential, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 1,227 | 17,117 | ||||||
Veritex Holdings, Inc. (Banks) | 747 | 23,112 | ||||||
Veritiv Corp.* (Trading Companies & Distributors) | 207 | 25,672 | ||||||
Veritone, Inc.* (Software) | 445 | 3,128 | ||||||
Verra Mobility Corp.* - Class C (IT Services) | 2,080 | 34,299 | ||||||
Vertex Energy, Inc.* (Oil, Gas & Consumable Fuels) | 770 | 10,457 | ||||||
Veru, Inc.* (Personal Products) | 926 | 11,205 | ||||||
Verve Therapeutics, Inc.* (Biotechnology) | 526 | 12,950 | ||||||
Via Renewables, Inc. (Multi-Utilities) | 173 | 1,405 | ||||||
Viad Corp.* (Commercial Services & Supplies) | 290 | 9,793 | ||||||
Viant Technology, Inc.* - Class A (Software) | 199 | 989 | ||||||
Viavi Solutions, Inc.* (Communications Equipment) | 3,240 | 47,951 | ||||||
Vicarious Surgical, Inc.* (Health Care Equipment & Supplies) | 775 | 3,023 | ||||||
Vicor Corp.* (Electrical Equipment) | 313 | 22,836 | ||||||
Victory Capital Holdings, Inc. - Class A (Capital Markets) | 235 | 6,502 | ||||||
View, Inc.* (Building Products) | 1,591 | 3,516 | ||||||
ViewRay, Inc.* (Health Care Equipment & Supplies) | 2,107 | 6,426 | ||||||
Village Super Market, Inc. - Class A (Food & Staples Retailing) | 121 | 2,731 | ||||||
Vimeo, Inc.* (Interactive Media & Services) | 2,038 | 11,331 | ||||||
Vinco Ventures, Inc.* (Leisure Products) | 2,611 | 1,984 | ||||||
Vintage Wine Estates, Inc.* (Beverages) | 461 | 3,384 | ||||||
Vir Biotechnology, Inc.* (Biotechnology) | 1,032 | 28,700 | ||||||
Virgin Galactic Holdings, Inc.* (Aerospace & Defense) | 3,249 | 24,173 | ||||||
Viridian Therapeutics, Inc.* (Biotechnology) | 367 | 4,859 | ||||||
Virtus Investment Partners, Inc. (Capital Markets) | 102 | 21,045 | ||||||
Vishay Intertechnology, Inc. (Electronic Equipment, Instruments & Components) | 1,882 | 38,882 | ||||||
Vishay Precision Group, Inc.* (Electronic Equipment, Instruments & Components) | 177 | 5,519 | ||||||
Vista Outdoor, Inc.* (Leisure Products) | 796 | 23,960 | ||||||
VistaGen Therapeutics, Inc.* (Biotechnology) | 2,771 | 397 | ||||||
Visteon Corp.* (Auto Components) | 396 | 50,521 | ||||||
Vital Farms, Inc.* (Food Products) | 425 | 5,015 | ||||||
Vivid Seats, Inc. - Class A (Internet & Direct Marketing Retail) | 352 | 2,943 | ||||||
Vivint Smart Home, Inc.* (Diversified Consumer Services) | 1,351 | 6,458 | ||||||
Vizio Holding Corp.* - Class A (Semiconductors & Semiconductor Equipment) | 966 | 8,849 | ||||||
Volta, Inc.* (Specialty Retail) | 1,739 | 3,200 | ||||||
VSE Corp. (Commercial Services & Supplies) | 151 | 6,334 | ||||||
Vuzix Corp.* (Household Durables) | 844 | 6,895 | ||||||
W&T Offshore, Inc.* (Oil, Gas & Consumable Fuels) | 1,347 | 6,695 | ||||||
Wabash National Corp. (Machinery) | 693 | 12,516 | ||||||
Walker & Dunlop, Inc. (Thrifts & Mortgage Finance) | 437 | 49,224 | ||||||
Warby Parker, Inc.* - Class A (Specialty Retail) | 1,189 | 14,732 | ||||||
Warrior Met Coal, Inc. (Metals & Mining) | 733 | 23,405 | ||||||
Washington Federal, Inc. (Thrifts & Mortgage Finance) | 923 | 31,502 | ||||||
Washington Real Estate Investment Trust (Equity Real Estate Investment Trusts (REITs)) | 1,245 | 27,602 | ||||||
Washington Trust Bancorp, Inc. (Banks) | 246 | 13,500 | ||||||
Waterstone Financial, Inc. (Thrifts & Mortgage Finance) | 287 | 5,353 | ||||||
Watts Water Technologies, Inc. - Class A (Machinery) | 390 | 53,871 | ||||||
WD-40 Co. (Household Products) | 195 | 34,587 | ||||||
Weatherford International PLC* (Energy Equipment & Services) | 1,006 | 23,269 | ||||||
Weave Communications, Inc.* (Software) | 71 | 356 | ||||||
Weber, Inc. - Class A (Household Durables) | 384 | 2,446 | ||||||
Weis Markets, Inc. (Food & Staples Retailing) | 234 | 18,002 | ||||||
Wejo Group, Ltd.* (Interactive Media & Services) | 327 | 477 | ||||||
Werner Enterprises, Inc. (Road & Rail) | 926 | 40,708 | ||||||
WesBanco, Inc. (Banks) | 831 | 28,354 | ||||||
West Bancorp, Inc. (Banks) | 231 | 6,008 | ||||||
Westamerica Bancorp (Banks) | 371 | 22,264 | ||||||
Weyco Group, Inc. (Distributors) | 83 | 2,186 | ||||||
Wheels Up Experience, Inc.* (Airlines) | 2,265 | 5,074 | ||||||
Whitestone REIT (Equity Real Estate Investment Trusts (REITs)) | 666 | 7,479 | ||||||
Whole Earth Brands, Inc.* (Food Products) | 578 | 3,110 | ||||||
WideOpenWest, Inc.* (Media) | 763 | 14,024 | ||||||
Willdan Group, Inc.* (Professional Services) | 165 | 4,490 | ||||||
Wingstop, Inc. (Hotels, Restaurants & Leisure) | 427 | 53,879 | ||||||
Winmark Corp. (Specialty Retail) | 40 | 8,886 | ||||||
Winnebago Industries, Inc. (Automobiles) | 456 | 27,529 | ||||||
WisdomTree Investments, Inc. (Capital Markets) | 1,939 | 10,083 | ||||||
WM Technology, Inc.* (Software) | 1,021 | 3,471 | ||||||
Wolverine World Wide, Inc. (Textiles, Apparel & Luxury Goods) | 1,139 | 25,593 | ||||||
Workhorse Group, Inc.* (Automobiles) | 2,087 | 6,824 | ||||||
Workiva, Inc.* (Software) | 678 | 44,409 | ||||||
World Acceptance Corp.* (Consumer Finance) | 58 | 6,425 |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Common Stocks, continued
Shares | Value | |||||||
World Fuel Services Corp. (Oil, Gas & Consumable Fuels) | 889 | $ | 24,643 | |||||
Worthington Industries, Inc. (Metals & Mining) | 453 | 23,198 | ||||||
WSFS Financial Corp. (Thrifts & Mortgage Finance) | 917 | 43,759 | ||||||
WW International, Inc.* (Diversified Consumer Services) | 772 | 5,126 | ||||||
Xencor, Inc.* (Biotechnology) | 818 | 23,468 | ||||||
Xenia Hotels & Resorts, Inc.* (Equity Real Estate Investment Trusts (REITs)) | 1,629 | 26,748 | ||||||
Xeris Biopharma Holdings, Inc.* (Pharmaceuticals) | 1,884 | 2,675 | ||||||
Xerox Holdings Corp. (Technology Hardware, Storage & Peripherals) | 1,628 | 27,888 | ||||||
Xometry, Inc.* - Class A (Internet & Direct Marketing Retail) | 481 | 18,277 | ||||||
Xos, Inc.* (Machinery) | 778 | 1,393 | ||||||
XPEL, Inc.* (Auto Components) | 306 | 18,755 | ||||||
Xperi Holding Corp. (Software) | 1,483 | 24,855 | ||||||
Xponential Fitness, Inc.* - Class A (Hotels, Restaurants & Leisure) | 242 | 3,591 | ||||||
Yelp, Inc.* (Interactive Media & Services) | 979 | 30,016 | ||||||
Yext, Inc.* (Software) | 1,710 | 7,490 | ||||||
Y-mAbs Therapeutics, Inc.* (Biotechnology) | 523 | 8,154 | ||||||
Zentalis Pharmaceuticals, Inc.* (Biotechnology) | 547 | 15,972 | ||||||
Zeta Global Holdings Corp.* - Class A (Software) | 443 | 2,370 | ||||||
Ziff Davis, Inc.* (Interactive Media & Services) | 650 | 53,230 | ||||||
Zimvie, Inc.* (Health Care Equipment & Supplies) | 296 | 5,748 | ||||||
ZipRecruiter, Inc.* (Interactive Media & Services) | 1,138 | 19,949 | ||||||
Zumiez, Inc.* (Specialty Retail) | 223 | 5,798 | ||||||
Zuora, Inc.* - Class A (Software) | 1,607 | 13,676 | ||||||
Zurn Elkay Water Solutions Corp. (Building Products) | 1,768 | 51,184 | ||||||
Zynex, Inc. (Health Care Equipment & Supplies) | 320 | 2,746 | ||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $27,034,309) | 35,315,449 | |||||||
Right (NM) | ||||||||
No. of Rights | Value | |||||||
Zogenix, Inc., CVR*+(a) (Pharmaceuticals) | 1,273 | $ | 866 | |||||
TOTAL RIGHT | ||||||||
(Cost $–) | 866 | |||||||
Trust (0.0%) | ||||||||
Interest Units | Value | |||||||
Ferroglobe Representation and Warranty Insurance*+ (Metals & Mining) | 1,320 | $ | — | |||||
TOTAL TRUST | ||||||||
(Cost $–) | – | |||||||
Repurchase Agreements(b)(c) (30.2%) | ||||||||
Principal | Value | |||||||
Repurchase Agreements with various counterparties, rates 2.13%-2.20%, dated 7/29/22, due 8/1/22, total to be received $15,972,900 | $ | 15,970,000 | $ | 15,970,000 | ||||
TOTAL REPURCHASE AGREEMENTS | ||||||||
(Cost $15,970,000) | 15,970,000 | |||||||
TOTAL INVESTMENT SECURITIES | ||||||||
(Cost $43,004,309) - 97.1% | 51,286,315 | |||||||
Net other assets (liabilities) - 2.9% | 1,526,448 | |||||||
NET ASSETS - 100.0% | $ | 52,812,763 |
† | Number of shares is less than 0.50. |
* | Non-Income producing security. |
+ | These securities were fair valued based on procedures approved by the Board of Trustees. As of July 31, 2022, these securities represented less than 0.005% of the net assets of the Fund. |
(a) | On March 7, 2022, UCB SA acquired Zogenix Inc. As part of the acquisition, shareholders of Zogenix Inc. are entitled to a CVR per share of Zogenix Inc. held. The CVR has a potential cash payment of $2.00 upon EU approval by December 31, 2023, of FINTEPLA® as an orphan medicine for treatment of Lennox-Gastaut syndrome (LGS). |
(b) | The ProFund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" under Note 2 in the Notes to the Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase. |
(c) | A portion of these securities were held in a segregated account for the benefit of swap counterparties in the event of default. As of July 31, 2022, the aggregate amount held in a segregated account was $8,172,000. |
CVR | Contingent Value Right |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
Futures Contracts Purchased
Number of Contracts | Expiration Date | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||
E-Mini Russell 2000 Index Futures Contracts | 100 | 9/19/22 | $ | 9,426,500 | $ | (168,937 | ) |
Total Return Swap Agreements — Long
Underlying Instrument | Counterparty | Termination Date(1) | Rate Paid (Received)(2) | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||
iShares Russell 2000 ETF | Goldman Sachs International | 8/29/22 | 2.38 | % | $ | 10,785,605 | $ | 220,005 | |||||
Russell 2000 Index | Goldman Sachs International | 8/29/22 | 2.73 | % | 21,044,822 | 393,646 | |||||||
$ | 31,830,427 | $ | 613,651 | ||||||||||
iShares Russell 2000 ETF | UBS AG | 8/29/22 | 2.13 | % | $ | 13,885,930 | $ | 283,434 | |||||
Russell 2000 Index | UBS AG | 8/29/22 | 2.33 | % | 14,876,350 | 290,959 | |||||||
$ | 28,762,280 | $ | 574,393 | ||||||||||
$ | 60,592,707 | $ | 1,188,044 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of July 31, 2022, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation). |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2022
UltraSmall-Cap ProFund invested in the following industries as of July 31, 2022:
Value | % of Net Assets | |||||||
Aerospace & Defense | $ | 310,197 | 0.6 | % | ||||
Air Freight & Logistics | 137,075 | 0.3 | % | |||||
Airlines | 138,356 | 0.3 | % | |||||
Auto Components | 491,282 | 0.9 | % | |||||
Automobiles | 74,338 | 0.1 | % | |||||
Banks | 3,295,252 | 6.3 | % | |||||
Beverages | 190,289 | 0.4 | % | |||||
Biotechnology | 2,551,781 | 4.8 | % | |||||
Building Products | 478,458 | 0.9 | % | |||||
Capital Markets | 554,741 | 1.1 | % | |||||
Chemicals | 734,595 | 1.4 | % | |||||
Commercial Services & Supplies | 521,761 | 1.0 | % | |||||
Communications Equipment | 354,977 | 0.7 | % | |||||
Construction & Engineering | 496,899 | 0.9 | % | |||||
Construction Materials | 49,420 | 0.1 | % | |||||
Consumer Discretionary Products | 7,403 | NM | ||||||
Consumer Finance | 233,504 | 0.4 | % | |||||
Containers & Packaging | 111,838 | 0.2 | % | |||||
Distributors | 14,086 | NM | ||||||
Diversified Consumer Services | 357,201 | 0.7 | % | |||||
Diversified Financial Services | 92,578 | 0.2 | % | |||||
Diversified Telecommunication Services | 202,260 | 0.4 | % | |||||
Electric Utilities | 258,167 | 0.5 | % | |||||
Electrical Equipment | 443,972 | 0.8 | % | |||||
Electronic Equipment, Instruments & Components | 784,164 | 1.5 | % | |||||
Energy Equipment & Services | 552,492 | 1.0 | % | |||||
Entertainment | 120,811 | 0.2 | % | |||||
Equity Real Estate Investment Trusts (REITs) | 2,266,102 | 4.3 | % | |||||
Food & Staples Retailing | 202,694 | 0.4 | % | |||||
Food Products | 401,953 | 0.8 | % | |||||
Gas Utilities | 448,538 | 0.9 | % | |||||
Health Care Equipment & Supplies | 1,240,600 | 2.4 | % | |||||
Health Care Providers & Services | 1,029,687 | 2.0 | % | |||||
Health Care Technology | 375,217 | 0.7 | % | |||||
Hotels, Restaurants & Leisure | 781,021 | 1.5 | % | |||||
Household Durables | 579,266 | 1.1 | % | |||||
Household Products | 92,343 | 0.2 | % | |||||
Independent Power and Renewable Electricity Producers | 169,203 | 0.3 | % | |||||
Industrial Conglomerates | 8,454 | NM | ||||||
Insurance | 684,819 | 1.3 | % | |||||
Interactive Media & Services | 254,830 | 0.5 | % | |||||
Internet & Direct Marketing Retail | 165,352 | 0.3 | % | |||||
IT Services | 834,462 | 1.6 | % | |||||
Leisure Products | 222,966 | 0.4 | % | |||||
Life Sciences Tools & Services | 242,193 | 0.5 | % | |||||
Machinery | 1,366,394 | 2.6 | % | |||||
Marine | 106,753 | 0.2 | % | |||||
Media | 339,956 | 0.6 | % | |||||
Metals & Mining | 497,424 | 0.9 | % | |||||
Mortgage Real Estate Investment Trusts (REITs) | 518,795 | 1.0 | % | |||||
Multiline Retail | 21,924 | NM | ||||||
Multi-Utilities | 171,801 | 0.3 | % | |||||
Oil, Gas & Consumable Fuels | 1,489,531 | 2.8 | % | |||||
Paper & Forest Products | 55,257 | 0.1 | % | |||||
Personal Products | 255,156 | 0.5 | % | |||||
Pharmaceuticals | 551,235 | 1.0 | % | |||||
Professional Services | 641,094 | 1.2 | % | |||||
Real Estate Management & Development | 235,484 | 0.4 | % | |||||
Road & Rail | 227,890 | 0.4 | % | |||||
Semiconductors & Semiconductor Equipment | 1,052,543 | 2.0 | % | |||||
Software | 1,695,220 | 3.2 | % | |||||
Specialty Retail | 739,577 | 1.4 | % | |||||
Technology Hardware, Storage & Peripherals | 136,235 | 0.3 | % | |||||
Textiles, Apparel & Luxury Goods | 217,568 | 0.4 | % | |||||
Thrifts & Mortgage Finance | 646,809 | 1.2 | % | |||||
Tobacco | 51,138 | 0.1 | % | |||||
Trading Companies & Distributors | 522,478 | 1.0 | % | |||||
Water Utilities | 160,469 | 0.3 | % | |||||
Wireless Telecommunication Services | $ | 57,987 | 0.1 | % | ||||
Other ** | 17,496,448 | 33.1 | % | |||||
Total | $ | 52,812,763 | 100.0 | % |
** | Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed. |
NM | Not meaningful, amount is less than 0.05%. |
Additional financial disclosures are included in the notes to financial statements of the ProFunds’ annual report and should be read in conjunction with this report.
KPMG LLP Suite 500 191 West Nationwide Blvd. Columbus, OH 43215-2568 |
Report of Independent Registered Public Accounting Firm
To the Shareholders and Board of Trustees
ProFunds:
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities of ProFunds (the Funds) (comprised of the Bull ProFund, Small-Cap ProFund, UltraBull ProFund, and UltraSmall-Cap ProFund), including the summary schedules of portfolio investments, as of July 31, 2022, the related statements of operations for the year then ended, the statements of changes in net assets for each of the years in the two-year period then ended, and the related notes (collectively, the financial statements) and the financial highlights for each of the years in the five-year period then ended (included in Item 1 of this Form N-CSR) and the schedules of portfolio investments as of July 31, 2022 (included in Item 6 of this Form N-CSR). In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Funds as of July 31, 2022, the results of their operations for the year then ended, the changes in their net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These financial statements and financial highlights are the responsibility of the Funds' management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Such procedures also included confirmation of securities owned as of July 31, 2022, by correspondence with custodians and brokers or by other appropriate auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audits provide a reasonable basis for our opinion.
/s/ KPMG LLP
We have served as the auditor of one or more ProFunds investment companies since 2010.
Columbus, Ohio
September 28, 2022
KPMG LLP, a Delaware limited liability partnership and a member firm of |
(b) Not applicable.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 11. Controls and Procedures.
(a) | The registrant’s principal executive officer and principal financial officer have concluded, based on their evaluation of the registrant’s disclosure controls and procedures as conducted within 90 days of the filing date of this report, that those disclosure controls and procedures provide reasonable assurance that material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms. |
(b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17CFR 270.30a-3(d)) that occurred during the period covered by this report that have materially affected or are reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13. Exhibits.
(a)(2) Certifications pursuant to Rule 30a-2(a) are attached hereto.
(a)(3) Not applicable.
(a)(4) Not applicable.
(b) Certifications pursuant to Rule 30a-2(b) are furnished hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) | ProFunds |
By (Signature and Title)* | /s/ Denise Lewis | |
Denise Lewis, Treasurer and Principal Financial Officer |
Date | October 3, 2022 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title)* | /s/ Todd B. Johnson | |
Todd B. Johnson, President and Principal Executive Officer |
Date | October 4, 2022 |
By (Signature and Title)* | /s/ Denise Lewis | |
Denise Lewis, Treasurer and Principal Financial Officer |
Date | October 3, 2022 |
* Print the name and title of each signing officer under his or her signature.